East West Bancorp Earnings Reports

East West Bancorp reported a Q4 2024 net income of $293 million, or $2.10 per diluted share. The company's total assets reached $76.0 billion, and total deposits were $63.2 billion. The Board of Directors has authorized the repurchase of up to $300 million of additional East West stock and a 9% increase in the common stock dividend.

East West Bancorp reported a net income of $299 million for Q3 2024, with diluted earnings per share of $2.14. The company saw growth in consumer and business banking deposits, diversified its loan portfolio, and maintained stable credit quality. The return on average assets was 1.62%, and the return on average tangible common equity was 17.1%.

East West Bancorp reported a net income of $288 million, or $2.06 per diluted share, for the second quarter of 2024. Total loans and deposits each grew by 2% quarter-over-quarter, complemented by record fee income which grew 8%. The company's return on average assets was 1.63%, and return on average common equity was 16.4%.

East West Bancorp reported a strong first quarter in 2024, marked by record deposit growth and solid financial performance. The company's net income reached $285 million, with diluted earnings per share at $2.03. Adjusted diluted earnings per share increased by 3% from the previous quarter. Total deposits grew to a record $58.6 billion.

East West Bancorp reported a net income of $239 million, or $1.69 per diluted share, for the fourth quarter of 2023. Excluding the FDIC charge and a $3 million gain on the sale of an AFS debt security, adjusted earnings per diluted share were $2.02 for the fourth quarter. The company's total assets reached $69.6 billion as of December 31, 2023, reflecting loan growth.

East West Bancorp reported a net income of $288 million, or $2.02 per diluted share, for Q3 2023. The company achieved record quarterly revenue and net interest income. Total loans reached a record $50.9 billion as of September 30, 2023. The board of directors has approved a restart of the share repurchase program in the fourth quarter.

East West Bancorp reported strong operating performance for the second quarter of 2023, with net income of $312.0 million, or $2.20 per diluted share, up 21% year-over-year. Deposits and loans grew 7% linked quarter annualized. The company earned industry-leading returns of 1.85% on average assets and 21.0% on average tangible common equity. Asset quality remained outstanding with net charge-offs of 0.06% annualized.

East West Bancorp reported a strong first quarter in 2023, characterized by industry-leading profitability and robust capital ratios. Despite banking industry and market disruption in mid-March, the company achieved a net income of $322.4 million, or $2.27 per diluted share, up 37% year-over-year. The company's returns on average assets and tangible common equity were 2.0% and 22.9%, respectively, and net interest margin was 3.96%.

East West Bancorp reported a record net income of $336.8 million, or $2.37 per diluted share, for the fourth quarter of 2022, representing a 56% year-over-year growth. Total loans reached a record $48.2 billion, up 16% year-over-year, and total deposits grew to a record $56.0 billion, up 5% from a year ago. The company's return on average assets was 2.1%, and return on average tangible equity was 25.0%.

East West Bancorp reported strong financial results for the third quarter of 2022, with record net interest income of $552 million and diluted earnings per share of $2.08. Total loans reached a record $47.5 billion, and asset quality remained healthy. Capital ratios expanded due to strong earnings growth.

East West Bancorp reported strong financial results for Q2 2022, with net income of $258.3 million, or $1.81 per diluted share. Total revenue was $551 million, driven by strong growth in net interest income, which reached a record $473 million. The company's balance sheet is well-positioned for rising interest rates with average total loans increasing to $44.6 billion.

East West Bancorp reported strong financial results for Q1 2022, with net income of $237.7 million, or $1.66 per diluted share. The company experienced growth in loans and revenue, along with an expansion in the net interest margin. Total loans reached a record $43.5 billion, and total deposits grew to a record $54.9 billion.

East West Bancorp reported a record net income of $217.8 million for Q4 2021, or $1.52 per diluted share. Total loans reached a record $41.7 billion as of December 31, 2021, and total deposits grew to $53.4 billion.

East West Bancorp reported outstanding results for the third quarter of 2021, with record total loans and deposits. The company's revenue increased by 21% annualized, driven by robust balance sheet growth. The company maintained solid expense discipline, resulting in adjusted pre-tax, pre-provision income growth of 26% annualized. The company earned an attractive return on average tangible equity of 17.25%.

East West Bancorp reported a strong second quarter with robust growth, expanding profitability, and improving asset quality. Total loans reached a record $40.1 billion, and total deposits reached a record $52.6 billion. Net income for the second quarter of 2021 was $224.7 million, or $1.57 per diluted share.

East West Bancorp reported a strong start to 2021 with robust loan and deposit growth, expanded revenue and profitability, and stable credit quality. Net income for the first quarter of 2021 was $205.0 million, or $1.44 per diluted share. Total loans reached a record $39.6 billion, growing by 13% annualized, and total deposits reached a record $49.5 billion, growing by 42% annualized.

East West Bancorp reported a solid financial performance in Q4 2020, with net income reaching $164.1 million, or $1.15 per diluted share. Total loans reached a record $38.4 billion, growing by 10% annualized, and total deposits reached a record $44.9 billion, growing by 30% annualized. The company also saw improvement in asset quality metrics.

East West Bancorp reported a net income of $159.5 million, or $1.12 per diluted share, for the third quarter of 2020. Total deposits grew to a record $41.7 billion, and total loans reached a record $37.4 billion.

East West Bancorp reported a net income of $99.4 million, or $0.70 per diluted share, for the second quarter of 2020. Total loans grew by $1.3 billion to a record $37.2 billion, and total deposits increased by $2.0 billion to a record $40.7 billion. The company's allowance for loan losses coverage was strengthened to 1.70% of the loan portfolio.

East West Bancorp reported a net income of $144.8 million, or $1.00 per diluted share, for the first quarter of 2020. The company's return on average assets was 1.30% and return on average equity was 11.6%. Total loans grew to $35.9 billion and total deposits reached $38.7 billion.

East West Bancorp reported a net income of $188.2 million, or $1.29 per diluted share, for the fourth quarter of 2019. Total loans reached $34.8 billion and total deposits grew to $37.3 billion.