East West Bancorp (EWBC) Q1 Earnings Beat, Stock Gains 2.9% [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
Adjusted earnings per share of $2.08 surpassed the Zacks Consensus Estimate of $2.00. However, the bottom line declined 10.3% from the prior-year quarter. Results were primarily aided by an increase in non-interest income. Also, deposit balances increased sequentially in the quarter. However, lower net interest income (NII) and higher expenses and provisions were the undermining factors. Results in the reported quarter excluded a $10 million pre-tax FDIC assessment charge and certain non-operating expenses. After considering those, net income available to common shareholders was $285.1 million or $2.03 per share, down from $322.4 million or $2.27 per share in the prior-year quarter. Revenues Decline, Expenses Rise Adjusted quarterly net revenues were $644.1 million, down 3.8% year over year. However, the top line beat the Zacks Consensus Estimate of $638.8 million. NII was $565.1 million, which declined 5.8% year over year. The net interest margin (NIM) contracted 62 basis p
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News
- East West Bancorp Announces Dates for 2024 Second and Third Quarter Earnings CallsBusiness Wire
- Here's What We Like About East West Bancorp's (NASDAQ:EWBC) Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
- East West Bancorp, Inc. (NASDAQ: EWBC) had its price target lowered by analysts at Truist Financial Co. from $90.00 to $86.00. They now have a "buy" rating on the stock.MarketBeat
- East West Bancorp First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- East West Bancorp, Inc. (NASDAQ: EWBC) had its price target raised by analysts at Keefe, Bruyette & Woods from $82.00 to $85.00. They now have an "outperform" rating on the stock.MarketBeat
EWBC
Earnings
- 4/23/24 - Beat
EWBC
Sec Filings
- 4/23/24 - Form 8-K
- 4/11/24 - Form DEF
- 4/11/24 - Form 8-K
- EWBC's page on the SEC website