Welcome to our dedicated page for East West Bancorp news (Ticker: EWBC), a resource for investors and traders seeking the latest updates and insights on East West Bancorp stock.
East West Bancorp Inc (EWBC), a leading financial institution bridging US and Greater China markets, maintains this dedicated news hub for investors and stakeholders. Access official press releases and curated financial updates covering earnings announcements, regulatory developments, and strategic initiatives.
This resource provides timely insights into EWBC's commercial banking activities, cross-border financial services, and market expansions. Users will find verified information on quarterly earnings, regulatory filings, leadership updates, and strategic partnerships – all essential for informed financial analysis.
Content is organized to serve both casual observers and professional analysts, with clear dating and sourcing for all materials. Regular updates ensure stakeholders stay current with the bank's operational developments in consumer banking, treasury management, and international financial services.
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East West Bancorp (EWBC) reported strong Q3 2021 results with a net income of $225.4 million, or $1.57 per diluted share, reflecting a 41% year-over-year increase. Total loans reached a record $40.5 billion, growing 11% annually, while total deposits hit $53.4 billion, up 28% year-over-year. Revenue surged by 24% year-over-year to $469 million, driven by robust loan growth. The company's return on average assets was 1.46%, and return on average equity stood at 15.75%. Solid capital ratios were maintained, with a common equity tier 1 ratio of 12.8%.
East West Bancorp, Inc. (EWBC) will release its third quarter 2021 financial results on October 21, 2021, before the market opens. A conference call to discuss these results will take place on the same day at 8:30 A.M. Pacific Time. East West Bancorp, with total assets of $59.9 billion, operates over 120 locations across the U.S. and China, making it a key financial entity bridging these economies. Stakeholders can access the call and replay information on the company's Investor Relations page.
East West Bancorp (EWBC) reported strong financial results for Q2 2021, with net income of $224.7 million, or $1.57 per diluted share, marking a 10% increase from the previous quarter. Total loans reached a record $40.1 billion, up 5% from Q1 2021, and total deposits increased to $52.6 billion, reflecting a 25% annualized growth. The return on average equity was 16.6%, while asset quality improved, with criticized loans down by 15%. Positive outlook for the year was emphasized by the CEO, indicating continued growth potential.
East West Bancorp (Nasdaq: EWBC) is set to release its second quarter 2021 financial results on Thursday, July 22, 2021, before market opening. A public conference call will occur the same day at 8:30 A.M. PT, inviting the investment community to discuss operating developments. East West Bancorp, with total assets of $56.9 billion, operates over 120 locations in the U.S. and China, making it one of the largest independent banks in California. The bank serves regions including California, Georgia, and Nevada, highlighting its significant market presence.
East West Bancorp (Nasdaq: EWBC) reported a strong financial performance for Q1 2021, with net income of $205 million, or $1.44 per diluted share, marking a 25% increase from Q4 2020. Total loans reached a record $39.6 billion, growing 13% annualized, while deposits surged to $49.5 billion, up 42% annualized. The return on average assets was 1.50%, and return on average equity was 15.6%. The company did not record a provision for credit losses, reflecting an improved macroeconomic outlook. A cash dividend of $0.33 per share was declared for Q2 2021.
East West Bancorp, Inc. (Nasdaq: EWBC) will release its first quarter 2021 financial results on April 22, 2021, before the market opens. A conference call is scheduled for the same day at 8:30 A.M. PT (11:30 A.M. ET) to discuss the results.
East West Bancorp has total assets of $52.2 billion and operates over 120 locations across the U.S. and Greater China. Interested parties can access the conference call details and replay information on the investor relations page.
On December 14, OAREX secured a $50M line of credit from East West Bank, raising its total credit line to $100M. The capital will enable OAREX to purchase future digital payouts from online businesses, which face long wait times for revenue collection. By offering immediate funding, OAREX allows businesses to reinvest capital rapidly, enhancing their return on ad spend. Established in 2013, OAREX is a leader in financing online businesses, with this credit line exemplifying the backing of East West Bank in the digital market.
OAREX secured a $50M line of credit from East West Bank, increasing its total credit to $100M. This funding enables OAREX to purchase future digital payouts from online businesses, enhancing liquidity for growth. Online businesses often face long payout periods, delaying access to revenue. OAREX's solution allows users to access capital quickly, reinvesting it to accelerate sales. With a fast account setup and on-demand funding, OAREX caters to the capital-intensive digital economy, positioning itself as a leader in financing solutions.
East West Bancorp (Nasdaq: EWBC) reported strong financial results for 2020, achieving a net income of $567.8 million, or $3.97 per diluted share, a decrease from 2019. The fourth quarter net income was $164.1 million, up 3% from Q3. Total loans rose to $38.4 billion, while deposits grew to $44.9 billion, a 30% annualized increase. The dividend was raised by 20%, indicating confidence in future growth. Asset quality improved, with declining nonperforming assets and charge-offs. Capital levels remain robust, supporting ongoing strategic initiatives.
East West Bancorp, Inc. (Nasdaq: EWBC) will announce its fourth quarter and full year 2020 financial results on January 28, 2021, prior to market open. A conference call to discuss these results is scheduled for the same day at 8:30 AM PT. The bank, with total assets of $50.4 billion, operates extensively in the U.S. and Greater China, with over 125 locations. Investors can access the call via provided dial-in numbers and can replay the call until February 28, 2021. For more details, visit the Investor Relations page on their website.
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