secwatch.observer — SEC 8-K summary
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Issuer:     EAST WEST BANCORP INC (EWBC)
CIK:        0001069157
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0001069157-23-000090
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

East West Bancorp Q2 net income $312M, EPS $2.20, up 21% YoY; loans and deposits grow 7% linked quarter annualized
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- Net income of $312.0M and diluted EPS of $2.20, both up 21% YoY from $258.3M and $1.81.
- Total loans $49.8B (+7% YoY); deposits $55.7B (+2% YoY); net interest margin 3.55%.
- Return on avg. assets 1.85%; return on avg. tangible common equity 21.01%; net charge-offs 0.06% annualized.
- Tangible common equity ratio 8.80%; CET1 capital ratio 13.17% as of June 30, 2023.
- CEO Dominic Ng cited strong balance sheet and growth opportunities for continued shareholder returns.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069157/000106915723000090/0001069157-23-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069157/000106915723000090/ewbc-20230720.htm
  HTML page:      https://secwatch.observer/filing/0001069157-23-000090

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