secwatch.observer — SEC 8-K summary
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Issuer:     EAST WEST BANCORP INC (EWBC)
CIK:        0001069157
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0001069157-24-000079
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

East West Bancorp Q2 net income $288M, EPS $2.06; loans, deposits up 2% QoQ
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- Net income $288M, diluted EPS $2.06; ROAA 1.63%, ROATCE 17.5%.
- Revenue $638M (-1% QoQ); record fee income up 8% QoQ; pre-tax pre-provision income $401M (+1% QoQ).
- Loans and deposits each grew 2% QoQ; net charge-offs stable at 0.18%; criticized loans down 10%.
- Book value per share $52.06 (+3% QoQ, +14% YoY); tangible book value per share $48.65.
- CEO highlights diversified model and Bank Director recognition as best-performing bank >$50B assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069157/000106915724000079/0001069157-24-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069157/000106915724000079/ewbc-20240723.htm
  HTML page:      https://secwatch.observer/filing/0001069157-24-000079

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