secwatch.observer — SEC 8-K summary
======================================

Issuer:     EAST WEST BANCORP INC (EWBC)
CIK:        0001069157
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0001069157-23-000108
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 Q3 net income $288M ($2.02 EPS); record revenue $648M; share buyback restart
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069157/000106915723000108/0001069157-23-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069157/000106915723000108/ewbc-20231019.htm
  HTML page:      https://secwatch.observer/filing/0001069157-23-000108

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer