secwatch.observer — SEC 8-K summary
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Issuer:     EAST WEST BANCORP INC (EWBC)
CIK:        0001069157
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001069157-24-000041
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 Q1 2024 net income $285M, EPS $2.03; deposits record $58.6B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069157/000106915724000041/0001069157-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069157/000106915724000041/ewbc-20240423.htm
  HTML page:      https://secwatch.observer/filing/0001069157-24-000041

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