earnings
confidence high
sentiment positive
materiality 0.70
East West Bancorp Q3 2024 net income $299M, EPS $2.14, revenue up 3% QoQ
EAST WEST BANCORP INC
2024-Q3 EPS reported
$6.23
- Net income $299M ($2.14 diluted EPS), up 4% QoQ from $288M ($2.06).
- Revenue $657M, up 3% QoQ; net interest income and fee income both accelerated.
- Book value per share $55.30, up 6% QoQ; tangible book value per share $51.90, up 7%.
- Return on avg tangible common equity 17.1%; total assets $74.5B, up 3% QoQ.
- Operating expenses flat; credit quality stable; growth in consumer/business deposits and residential/C&I lending.