East West Bancorp Q1 revenue rises 12%, beats estimates

East West Bancorp

21/04/2026 21:18

Overview

U.S. regional bank's Q1 revenue rose 12% yr/yr, beating analyst expectations

Net income and diluted EPS for Q1 both increased 23% yr/yr

Quarterly results driven by record fee income, loans and deposits

Outlook

Company did not provide specific financial guidance for the current or future periods

Result Drivers

FEE INCOME GROWTH - 12% yr/yr increase in fee income, led by wealth management and deposit account fees

RECORD LOANS AND DEPOSITS - Total loans and deposits reached new records as of March 31, 2026

STABLE CREDIT PERFORMANCE - Net charge-offs and nonperforming asset levels remained stable; allowance for loan losses increased

Company press release: ID:nBwbhm9PZa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$774 mln
$720.60 mln (12 Analysts)
Q1 EPS
$2.57
Q1 Net Income
$358 mln


Analyst Coverage

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 "buy"

Wall Street's median 12-month price target for East West Bancorp Inc is $133.50, about 12.1% above its April 20 closing price of $119.09

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)