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EWBC — East West Bancorp News Story

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Brief: East West Bancorp Q2 EPS USD 2.24

Overview

East West Bancorp Q2 revenue of $703 mln beats analyst expectations, per LSEG data

Adjusted EPS for Q2 beats estimates at $2.28, per LSEG data

Co achieved record levels in total loans and deposits

Result Drivers

LOAN AND DEPOSIT GROWTH - Co attributes record net interest income to $1 bln increase in average loans and deposits

CREDIT TRENDS - Criticized loans and nonperforming assets declined, contributing to resilient credit trends

CAPITAL STRENGTH - Tangible common equity ratio increased to 10%, supporting customer confidence and market opportunities

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$703 mln$621.10 mln (9 Analysts)
Q2 Adjusted EPSBeat$2.28$2.25 (13 Analysts)
Q2 EPS$2.24
Q2 Net Income$310 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell" The average consensus recommendation for the banks peer group is "buy" Wall Street's median 12-month price target for East West Bancorp Inc is $111.00, about 2.3% above its July 21 closing price of $108.40 The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago Press Release: ID:nBw7njh7sa (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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