East West Bancorp Q3 Earnings Beat on Higher Fee Income, Stock Up 2.4% [Yahoo! Finance]
East West Bancorp, Inc. (EWBC)
Last east west bancorp, inc. earnings: 4/23 08:00 am
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US:NASDAQ Investor Relations:
eastwestbank.com
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Source: Yahoo! Finance
EWBC gained 2.4% in the after-market trading session on better-than-expected quarterly results. Its third-quarter 2024 adjusted earnings per share (EPS) of $2.09 surpassed the Zacks Consensus Estimate of $2.05. Further, the bottom line increased 3.5% from the prior-year quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The results were primarily aided by an increase in net interest income (NII) and non-interest income alongside lower non-interest expenses. Also, deposit and loan balances increased sequentially in the quarter. During the quarter, provisions remained stable. Results of the reported quarter excluded certain notable items. After considering the same, net income available to common shareholders was $299.2 million or $2.14 per share, up from $287.7 million or $2.02 per share in the prior-year quarter. EWBC's Revenues Rise, Expenses Fall Total quarterly net revenues were $657.5 million, up 1.5% year over year. Moreover, the top line
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News
- Decoding East West Bancorp Inc (EWBC): A Strategic SWOT Insight [Yahoo! Finance]Yahoo! Finance
- East West Bancorp, Inc. (NASDAQ: EWBC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- East West Bancorp, Inc. (NASDAQ: EWBC) had its price target raised by analysts at Compass Point from $93.00 to $110.00. They now have a "buy" rating on the stock.MarketBeat
- Company News for Oct 24, 2024 [Yahoo! Finance]Yahoo! Finance
- East West Bancorp, Inc. (NASDAQ: EWBC) had its price target raised by analysts at Stephens from $91.00 to $104.00. They now have an "overweight" rating on the stock.MarketBeat
EWBC
Earnings
- 10/22/24 - Beat
EWBC
Sec Filings
- 11/20/24 - Form 8-K
- 11/13/24 - Form SC
- 11/12/24 - Form 4
- EWBC's page on the SEC website