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East West Bancorp (EWBC)
:EWBC
Earnings Data
Report Date
Apr 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.05Last Year’s EPS
2.03Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 23, 2025
|% Change Since: -3.55%
|Next Earnings Date:Apr 22, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted record financial performance, strong deposit growth, and shareholder returns, indicating a positive outlook despite challenges with problem credits in the technology sector. The overall financial health and strategic initiatives suggest a robust future.Company Guidance
During East West Bancorp's Q4 2024 earnings call, the company provided comprehensive guidance for 2025, highlighting several key metrics. They anticipate end-of-period loan growth between 4% to 6%, driven by strong C&I and residential lending. Net interest income is expected to rise by 4% to 6%, supported by balance sheet growth and improving deposit costs. Total revenue growth is projected in the range of 5% to 7%, bolstered by consistent performance in fee income businesses. Operating expenses are forecasted to increase by 7% to 9%, primarily due to investments in personnel and technology. The company foresees full-year net charge-offs between 25 to 35 basis points and an effective tax rate of 21% to 23%. Additionally, East West plans to manage capital efficiently, leveraging a robust common equity tier 1 capital ratio of 14.3% and a newly authorized $300 million share repurchase program.Record Financial Performance
East West Bancorp achieved new record levels for revenue, fee income, net income, and earnings per share in 2024. Average deposits grew by 9% year-over-year, and loans grew by 6%.
Strong Deposit Growth
Deposits increased by 13% to a record $63.2 billion. The company repaid $4.5 billion of BTFP borrowings, reflecting confidence in core deposit growth.
Shareholder Returns
The company reported a 17% return on tangible common equity and a 13% growth in tangible book value per share. An incremental share repurchase authorization of $300 million and a 9% increase in the quarterly dividend to $0.60 per share were approved.
Fee Income Growth
Fee income grew by 12% in 2024, driven by wealth management, foreign exchange, and treasury management sales.
Net Interest Margin Stability
Net interest margin remained stable at 3.24%, with a 9 basis point increase in interest rate spread quarter-over-quarter.
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EWBC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EWBC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 23, 2025 | $102.90 | $102.33 | -0.55% |
| Oct 22, 2024 | $89.34 | $94.54 | +5.82% |
| Jul 23, 2024 | $82.22 | $82.89 | +0.81% |
| Apr 23, 2024 | $72.60 | $73.41 | +1.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does East West Bancorp (EWBC) report earnings?
East West Bancorp (EWBC) is schdueled to report earning on Apr 22, 2025, TBA Not Confirmed.
What is East West Bancorp (EWBC) earnings time?
East West Bancorp (EWBC) earnings time is at Apr 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EWBC EPS forecast?
EWBC EPS forecast for the fiscal quarter 2025 (Q1) is 2.05.
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