secwatch.observer — SEC 8-K summary
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Issuer:     EAST WEST BANCORP INC (EWBC)
CIK:        0001069157
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001069157-24-000099
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 Q3 2024 net income $299M, EPS $2.14, revenue up 3% QoQ
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069157/000106915724000099/0001069157-24-000099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069157/000106915724000099/ewbc-20241022.htm
  HTML page:      https://secwatch.observer/filing/0001069157-24-000099

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