East West Bancorp Q1 2024 net income $285M, EPS $2.03; deposits record $58.6B

EAST WEST BANCORP INC

2024-Q1 EPS reported $2.03

Net income $285M, diluted EPS $2.03; adjusted EPS $2.08 (excl. $10M FDIC charge) up 3% QoQ.
Total deposits reached record $58.6B, up $2.5B from Q4 2023.
Revenue $644M, pre-tax pre-provision income $397M, ROATCE 17.6%.
Book value per share $50.48 (+13% YoY); repurchased 1.2M shares during quarter.
Return on average common equity 16.4%; tangible book value per share $47.09.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

EAST WEST BANCORP INC reported financial results for first quarter of 2024.

Period: first quarter of 2024
Result: reported results

Exact text from the filing

On April 23, 2024, East West Bancorp, Inc. (the “Company”) announced its financial results for the quarter ended March 31, 2024.

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EAST WEST BANCORP INC filing history →

Source: SEC EDGAR

accession 0001069157-24-000041

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