East West Bancorp Q4 2024 Earnings Report

East West Bancorp reported record net income for full year 2024 and increased dividend and repurchase authorization.

Key Takeaways

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.

Q4 2024 net income was $293 million, or $2.10 per diluted share.

Total assets reached $76.0 billion as of December 31, 2024, an increase of $1.5 billion from the previous quarter.

Total deposits were $63.2 billion as of December 31, 2024, an increase of $1.5 billion, or 2%, from the previous quarter.

An incremental $300 million of share repurchase authorization and a 9% increase in common stock dividend were announced.