East West Bancorp Reports Net Income for Third Quarter of 2024 of $299 Million and Diluted Earnings Per Share of $2.14
East West Bancorp, Inc. (EWBC)
Last east west bancorp, inc. earnings: 4/23 08:00 am
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Source: Business Wire
PASADENA, Calif.--(BUSINESS WIRE)--East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, reported its financial results for the third quarter of 2024. Third quarter 2024 net income was $299 million, or $2.14 per diluted share. Return on average assets was 1.62%, return on average common equity was 16.0%, and return on average tangible common equity1 was 17.1%. Book value per share grew 6% quarter-over-quarter and 19% year-over-year.“East West reported another strong quarter of balanced growth in support of our customers,” said Dominic Ng, Chairman and Chief Executive Officer. “We continued to grow consumer and business banking deposits while further diversifying our loan portfolio by emphasizing residential and C&I lending,” Ng continued. “Net interest income and fee income both accelerated meaningfully in the quarter, underscoring the strength of our business model.”“Our disciplined approach to credit and expense management conti
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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