East West Bancorp reports record FY2024 net income of $1.2B, EPS $8.33, raises dividend 9%

EAST WEST BANCORP INC

2024-FY EPS reported $8.33

Full year 2024 net income $1.166B, diluted EPS $8.33 (record levels); revenue (FTE) $2.619B.
Q4 2024 net income $293M, diluted EPS $2.10.
Book value per share $55.79 (+12% YoY); tangible book value $52.39 (+13%).
Board authorized $300M additional share repurchase and 9% dividend increase.
Deposits grew $7B+ in 2024; fee income up 12% to record.

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