East West Bancorp Inc reports results for the quarter ended June 30 - Earnings Summary
East West Bancorp Inc reports results for the quarter ended June 30 - Earnings Summary
East West Bancorp Inc EWBC.OQ reported quarterly adjusted earnings of $2.63 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $2.28. The mean expectation of seventeen analysts for the quarter was for earnings of $2.62 per share. Wall Street expected results to range from $2.54 to $2.71 per share.
Revenue rose 11% to $684.65 million from a year ago; analysts expected $718.25 million.
East West Bancorp Inc's reported EPS for the quarter was $2.63.
The company reported quarterly net income of $363.7 million.
East West Bancorp Inc shares had risen by 3.7% this quarter and gained 19.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 2.1% in the last three months.
In the last 30 days, eight analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"
Wall Street's median 12-month price target for East West Bancorp Inc is $147.50, about 9.2% above its last closing price of $133.92
This summary was machine generated from LSEG data July 21 at 09:01 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 2.62 | 2.63 | Beat |
Mar. 31 2026 | 2.47 | 2.57 | Beat |
Dec. 31 2025 | 2.50 | 2.52 | Beat |
Sep. 30 2025 | 2.37 | 2.62 | Beat |