See more : Anhui Conch Cement Company Limited (AHCHF) Income Statement Analysis – Financial Results
Complete financial analysis of East West Bancorp, Inc. (EWBC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of East West Bancorp, Inc., a leading company in the Banks – Diversified industry within the Financial Services sector.
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East West Bancorp, Inc. (EWBC)
About East West Bancorp, Inc.
East West Bancorp, Inc. operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals. It operates through three segments: Consumer and Business Banking, Commercial Banking, and Other. The company accepts various deposit products, such as personal and business checking and savings accounts, money market, and time deposits. Its loan products include mortgage and home equity, commercial and residential real estate, working capital lines of credit, construction, trade finance, letters of credit, commercial business, affordable housing loans, asset-based lending, asset-backed finance, project finance, and equipment financing, as well as financing services to clients needing a financial bridge to facilitate their business transactions between the United States and China. The company also provides various wealth management, treasury management, foreign exchange, and interest rate and commodity risk hedging services; and mobile and online banking services. As of January 27, 2022, it operated approximately 120 locations in the United States and China; full-service branches in Hong Kong, Shanghai, Shantou, and Shenzhen; and representative offices in Beijing, Chongqing, Guangzhou, Taipei, and Xiamen. East West Bancorp, Inc. was incorporated in 1998 and is headquartered in Pasadena, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.36B | 2.32B | 1.80B | 1.60B | 1.66B | 1.55B | 1.35B | 1.21B | 1.12B | 1.03B | 849.68M | 894.05M | 914.58M | 927.78M | 975.60M | 403.27M | 459.26M | 401.84M | 309.76M | 231.00M | 176.09M | 142.70M | 120.94M | 104.46M | 86.60M | 65.70M |
| Cost of Revenue | -1.61B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 64.59M | 59.73M | 60.38M | 67.88M | 37.38M | 39.01M | 48.71M | 43.15M | 32.23M | 0.00 | 20.33M | 18.82M | 17.18M | 0.00 | 0.00 | 0.00 |
| Gross Profit | 3.97B | 2.32B | 1.80B | 1.60B | 1.66B | 1.55B | 1.35B | 1.21B | 1.12B | 1.03B | 785.09M | 834.32M | 854.20M | 859.90M | 938.22M | 364.26M | 410.56M | 358.69M | 277.54M | 231.00M | 155.76M | 123.88M | 103.76M | 104.46M | 86.60M | 65.70M |
| Gross Profit Ratio | 168.01% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 92.40% | 93.32% | 93.40% | 92.68% | 96.17% | 90.33% | 89.39% | 89.26% | 89.60% | 100.00% | 88.46% | 86.81% | 85.79% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 44.48M | 511.60M | 467.55M | 464.84M | 428.16M | 414.01M | 371.12M | 335.08M | 291.15M | 269.65M | 201.55M | 194.74M | 208.60M | 226.94M | 129.35M | 82.24M | 85.93M | 70.58M | 53.67M | 39.14M | 31.84M | 25.76M | 25.14M | 20.29M | 18.50M | 17.30M |
| Selling & Marketing | 571.30M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 611.85M | 511.60M | 467.55M | 464.84M | 428.16M | 414.01M | 371.12M | 335.08M | 291.15M | 269.65M | 201.55M | 194.74M | 208.60M | 226.94M | 129.35M | 82.24M | 85.93M | 70.58M | 53.67M | 39.14M | 31.84M | 25.76M | 25.14M | 20.29M | 18.50M | 17.30M |
| Other Expenses | 1.95B | -1.14B | -1.21B | -70.08M | -1.25B | -878.14M | -1.70B | -1.51B | -1.39B | -1.28B | 0.00 | 0.00 | 633.00K | -6.21M | 107.67M | 0.00 | 0.00 | 0.00 | 0.00 | -95.91M | 0.00 | 0.00 | 0.00 | 21.95M | 12.60M | 15.70M |
| Operating Expenses | 2.56B | -632.04M | -744.94M | 394.75M | -818.98M | -464.13M | -1.33B | -1.18B | -1.10B | -1.01B | 969.29M | 969.43M | 1.01B | 1.02B | 682.13M | 624.53M | 721.30M | 613.59M | 377.16M | -56.77M | 155.10M | 142.02M | 161.68M | 42.23M | 31.10M | 33.00M |
| Cost & Expenses | 2.56B | -632.04M | -744.94M | 394.75M | -818.98M | -464.13M | -1.33B | -1.18B | -1.10B | -1.01B | 1.03B | 1.03B | 1.07B | 1.09B | 719.51M | 663.54M | 770.00M | 656.75M | 409.39M | -56.77M | 175.42M | 160.84M | 178.86M | 42.23M | 31.10M | 33.00M |
| Interest Income | 3.69B | 2.32B | 1.62B | 1.60B | 1.88B | 1.65B | 1.33B | 1.14B | 1.05B | 1.15B | 1.07B | 1.05B | 1.08B | 1.10B | 722.83M | 664.86M | 773.61M | 660.05M | 411.40M | 252.07M | 178.54M | 166.21M | 182.70M | 186.08M | 148.00M | 126.70M |
| Interest Expense | 1.38B | 275.35M | 87.16M | 217.85M | 414.49M | 265.20M | 140.05M | 104.84M | 103.38M | 112.82M | 112.49M | 132.17M | 177.42M | 201.12M | 239.51M | 309.69M | 365.61M | 292.57M | 131.28M | 52.90M | 35.23M | 48.98M | 83.35M | 96.59M | 76.10M | 71.00M |
| Depreciation & Amortization | 163.46M | 159.85M | 156.79M | 119.91M | 144.18M | 139.50M | 149.82M | 162.60M | 80.58M | 127.63M | 101.17M | 82.54M | 67.46M | 57.59M | 81.90M | 18.10M | 13.87M | 7.89M | 10.33M | 11.46M | 12.14M | 10.45M | 9.45M | 8.75M | 4.10M | 4.60M |
| EBITDA | 1.62B | 1.57B | 1.21B | 805.67M | 988.10M | 10.67M | 0.00 | 30.16M | 28.15M | 580.70M | 465.66M | 0.00 | 0.00 | 0.00 | 3.31M | -79.07M | 276.13M | 305.29M | 0.00 | 132.79M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 68.72% | 79.64% | 67.35% | 50.38% | 59.42% | 79.03% | 75.79% | 69.67% | 67.84% | 63.94% | 75.26% | 71.62% | 68.69% | 55.47% | 43.13% | 57.19% | 139.73% | 132.95% | 100.71% | 80.38% | 77.82% | 90.43% | 120.15% | 148.81% | 140.65% | 157.23% |
| Operating Income | 1.75B | 1.69B | 1.06B | 685.77M | 843.92M | 1.08B | 19.40M | 30.16M | 28.15M | 19.03M | 34.80M | 21.94M | 10.24M | 9.47M | 3.31M | 1.32M | 3.60M | 3.30M | 2.01M | 174.23M | 3.12M | 5.38M | 3.84M | 146.69M | 117.70M | 98.70M |
| Operating Income Ratio | 73.93% | 72.75% | 58.64% | 42.88% | 50.75% | 70.02% | 1.43% | 2.50% | 2.50% | 1.86% | 4.10% | 2.45% | 1.12% | 1.02% | 0.34% | 0.33% | 0.78% | 0.82% | 0.65% | 75.42% | 1.77% | 3.77% | 3.17% | 140.43% | 135.91% | 150.23% |
| Total Other Income/Expenses | -286.67M | 0.00 | 0.00 | -8.74M | 114.00K | -120.50M | 715.70M | -106.66M | -128.83M | -139.93M | -129.73M | -42.02M | 373.10M | 246.44M | 101.41M | -19.41M | -17.47M | -74.81M | 168.35M | 3.03M | 86.54M | 63.44M | 48.76M | -96.59M | -76.10M | -71.00M |
| Income Before Tax | 1.46B | 1.41B | 1.06B | 685.77M | 843.92M | 818.70M | 735.10M | 572.19M | 578.72M | 415.46M | 425.85M | 425.59M | 383.33M | 255.91M | 104.72M | -97.17M | 262.26M | 233.78M | 170.36M | 121.33M | 89.66M | 68.82M | 52.60M | 50.10M | 41.60M | 27.70M |
| Income Before Tax Ratio | 61.80% | 60.87% | 58.64% | 42.88% | 50.75% | 52.89% | 54.36% | 47.48% | 51.48% | 40.50% | 50.12% | 47.60% | 41.91% | 27.58% | 10.73% | -24.10% | 57.10% | 58.18% | 55.00% | 52.53% | 50.92% | 48.23% | 43.49% | 47.96% | 48.04% | 42.16% |
| Income Tax Expense | 298.61M | 283.57M | 183.40M | 117.97M | 169.88M | 115.00M | 229.48M | 140.51M | 194.04M | 72.97M | 130.81M | 143.94M | 138.10M | 91.35M | 22.71M | -47.49M | 101.09M | 90.41M | 61.98M | 43.31M | 30.67M | 20.12M | 13.73M | 14.63M | 13.60M | 9.70M |
| Net Income | 1.16B | 1.13B | 872.98M | 567.80M | 674.04M | 703.70M | 505.62M | 431.68M | 384.68M | 342.48M | 295.05M | 281.65M | 245.23M | 164.56M | 76.64M | -49.68M | 161.17M | 143.37M | 108.38M | 78.02M | 58.99M | 49.49M | 38.78M | 35.47M | 28.00M | 18.00M |
| Net Income Ratio | 49.16% | 48.64% | 48.46% | 35.50% | 40.53% | 45.46% | 37.39% | 35.82% | 34.22% | 33.39% | 34.72% | 31.50% | 26.81% | 17.74% | 7.86% | -12.32% | 35.09% | 35.68% | 34.99% | 33.78% | 33.50% | 34.68% | 32.07% | 33.95% | 32.33% | 27.40% |
| EPS | 8.23 | 7.98 | 6.16 | 3.99 | 4.63 | 4.86 | 3.50 | 3.00 | 2.67 | 2.39 | 2.11 | 1.92 | 1.62 | 0.88 | 0.35 | -0.79 | 2.63 | 2.40 | 2.03 | 1.54 | 0.62 | 1.05 | 0.84 | 0.79 | 0.62 | 0.38 |
| EPS Diluted | 8.18 | 7.92 | 6.10 | 3.97 | 4.61 | 4.81 | 3.47 | 2.97 | 2.66 | 2.38 | 2.10 | 1.89 | 1.60 | 0.83 | 0.33 | -0.79 | 2.60 | 2.35 | 1.97 | 1.49 | 0.60 | 1.00 | 0.81 | 0.77 | 0.61 | 0.38 |
| Weighted Avg Shares Out | 141.16M | 141.33M | 141.83M | 142.34M | 145.50M | 144.86M | 144.44M | 144.09M | 143.82M | 142.95M | 137.34M | 141.46M | 147.09M | 137.48M | 78.77M | 62.67M | 61.18M | 59.61M | 53.45M | 50.65M | 96.22M | 47.19M | 46.07M | 44.90M | 45.51M | 47.55M |
| Weighted Avg Shares Out (Dil) | 141.90M | 142.49M | 143.14M | 142.99M | 146.18M | 146.17M | 145.91M | 145.35M | 144.51M | 143.56M | 139.57M | 147.18M | 153.47M | 147.10M | 84.55M | 62.67M | 62.09M | 60.91M | 55.03M | 52.30M | 98.97M | 49.26M | 48.11M | 46.34M | 45.79M | 47.55M |
East West Bancorp: Interesting Dividend But Too Expensive
East West Bancorp has shown solid performance with a 112.33% price return over 5 years, despite a banking crisis. I reiterate my hold rating, as the TBV is priced close to the 10-year average. Loan growth is sluggish, but EWBC...
East West Bancorp Q3 Earnings Beat on Higher Fee Income, Stock Up 2.4%
EWBC's third-quarter 2024 results beat estimates on higher NII, lower expenses and higher fee income. Further, higher loans and deposits are positives.
East West Bancorp, Inc. (EWBC) Q3 2024 Earnings Call Transcript
East West Bancorp, Inc. (NASDAQ:EWBC ) Q3 2024 Earnings Conference Call October 22, 2024 5:00 PM ET Company Participants Adrienne Atkinson - Director, Investor Relations Dominic Ng - Chairman and CEO Christopher Del Moral-Niles - Chief Financial Officer Irene Oh...
East West Bancorp (EWBC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for East West Bancorp (EWBC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall...
East West Bancorp (EWBC) Surpasses Q3 Earnings and Revenue Estimates
East West Bancorp (EWBC) came out with quarterly earnings of $2.09 per share, beating the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $2.02 per share a year ago.
East West Bancorp Reports Net Income for Third Quarter of 2024 of $299 Million and Diluted Earnings Per Share of $2.14
PASADENA, Calif.--(BUSINESS WIRE)--East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, reported its financial results for the third quarter of 2024. Third quarter 2024 net income was $299 million, or $2.14 per...
Will East West Bancorp (EWBC) Beat Estimates Again in Its Next Earnings Report?
East West Bancorp (EWBC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Unveiling East West Bancorp (EWBC) Q3 Outlook: Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for East West Bancorp (EWBC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
East West Bancorp (EWBC) Reports Next Week: Wall Street Expects Earnings Growth
East West Bancorp (EWBC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
East West Bancorp: Dividend Remains The Strength, But It Is No Longer A Buy (Rating Downgrade)
Loan growth expected to be low in 2024, driven by C&I and Residential loans, while CRE loans struggle. Management does not expect much from CRE loans in the coming quarters due to the uncertain macroeconomic environment. Dividend growth remains strong,...
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