East West Bancorp (EWBC) Rides on High Rates Amid Rising Costs [Yahoo! Finance]
East West Bancorp, Inc. (EWBC)
Last east west bancorp, inc. earnings: 4/23 08:00 am
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Source: Yahoo! Finance
However, an escalated expense base and weak asset quality remain near-term headwinds. EWBC's organic growth strategy is reflected in its net interest income (NII) growth trajectory. Despite a dip in its NII in 2020 (owing to a tough operating backdrop), the metric witnessed a compound annual growth rate (CAGR) of 12% over the last four years ended 2023 on the back of an increase in loan balances and higher rates. Amid the rate-cut outlook, management expects NII to experience a dip in the range of 4-6% in 2024. Nonetheless, down-rate protection hedging initiatives and sustained efforts to acquire low-cost deposits are expected to support NII. Modest loan growth and loan diversification efforts are also likely to aid NII going forward. We project NII to witness a CAGR of 1.7% by 2026. The current high-interest rate environment is likely to support East West Bancorp's net interest margin (NIM), while higher funding costs will exert pressure. Since March 2022, the Federal Reserve h
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EWBC
News
- 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 (EWBC) Q1 Earnings Beat, Stock Gains 2.9% [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
- East West Bancorp, Inc. (NASDAQ: EWBC) had its price target raised by analysts at Stephens from $85.00 to $86.00. They now have an "overweight" 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