earnings
confidence high
sentiment positive
materiality 0.75
East West Bancorp Q3 net income $288M ($2.02 EPS); record revenue $648M; share buyback restart
EAST WEST BANCORP INC
2023-Q3 EPS reported
$6.49
- Net income $288M, diluted EPS $2.02; revenue $648M (+3% YoY), record quarterly revenue and net interest income.
- Total loans $50.9B (+7% YoY), deposits $55.1B (+2% YoY); ROA 1.66%, ROE 17.28%, ROTCE 18.65%.
- Board approved restart of share repurchase program in Q4 2023; CEO cites confidence in earnings and capital strength.
- Year-over-year net income decreased 3% from $295M ($2.08 EPS) in Q3 2022; EPS down $0.06.
- Pre-tax, pre-provision income $446M (+3% YoY); credit quality and efficiency remain strong.