NASDAQ$EWBC

East West Bancorp Inc. · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported net income of $99.4 million and diluted earnings per share of $0.70.

East West Bancorp reported a net income of $99.4 million, or $0.70 per diluted share, for the second quarter of 2020. Total loans grew by $1.3 billion to a record $37.2 billion, and total deposits increased by $2.0 billion to a record $40.7 billion. The company's allowance for loan losses coverage was strengthened to 1.70% of the loan portfolio.

  • Net income was $99.4 million, with diluted earnings per share of $0.70.
  • Total loans reached a record $37.2 billion, growing by $1.3 billion, or 15% annualized.
  • Total deposits also reached a record $40.7 billion, increasing by $2.0 billion, or 21% annualized.
  • Allowance for loan losses was strengthened to 1.70% of loans held-for-investment.

Headline financials

Total Revenue

$402M

Previous: $420M-4.2%
EPS (adj)

$0.70

Previous: $1.24-43.5%
Return on average assets

0.8%

No prior period
Net interest margin

3.0%

No prior period
Efficiency ratio

46.6%

No prior period
Capital Expenditures

-$1.85M

Previous: -$4.41M+58.2%
Free Cash Flow

$97.5M

Previous: $146M-33.2%
Net Income

$99.4M

Previous: $150M-33.9%
Operating Income

$226M

Previous: $276M-18.3%
Gross Profit

$300M

Previous: $401M-25.2%
Cash & Equivalents

$4.53B

Previous: $3.62B+25.2%
Total Assets

$49.4B

Previous: $42.9B+15.2%
Stock-Based Comp

$7.07M

Previous: $8.08M-12.5%

Revenue & EPS history

East West Bancorp · Revenue · Quarterly

$402M

Q2 2020-4.2%vs Q2 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

No specific forward guidance was provided in the document.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+1.0%

Avg return

Earnings day

+2.1%

Avg return

5 days after

+3.0%

Avg return

30 days after

53%

35 / 66 earnings

Positive

+12.6%

Q1 2020

Best reaction

-7.8%

Q1 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.1%+2.3%+0.8%
Q4 2025-3.4%+3.4%+1.8%
Q3 2025+3.6%+4.0%+5.7%
Q2 2025-2.0%-1.8%+5.9%
Q1 2025+6.6%+8.9%+14.0%
Q4 2024-0.6%-0.2%-9.3%
Q3 2024+7.4%+6.8%+19.9%
Q2 2024+3.0%+7.4%-1.3%
Q1 2024+3.7%+2.0%-1.1%
Q4 2023+3.9%+1.9%-1.1%
Q3 2023+0.0%+1.8%+21.2%
Q2 2023-4.5%-5.1%-11.1%
Q1 2023-1.6%-8.0%-12.9%
Q4 2022+10.2%+14.0%+11.5%
Q3 2022-6.0%-3.6%-5.3%
Q2 2022-1.8%-2.5%+7.3%
Q1 2022-3.6%-11.6%-14.5%
Q4 2021+0.5%+3.9%+5.9%
Q3 2021-1.3%-3.3%-5.4%
Q2 2021+4.0%+1.3%+1.6%
Q1 2021+2.8%+4.5%+3.4%
Q4 2020+1.7%+7.4%+22.5%
Q3 2020+0.1%-5.8%+13.2%
Q2 2020+0.7%-1.8%+1.9%
Q1 2020+12.6%+25.3%+24.8%
Q4 2019+3.8%+1.7%-2.8%
Q3 2019-5.3%-1.0%+3.0%
Q2 2019+4.6%+5.8%-11.0%
Q1 2019-3.5%-1.6%-9.2%
Q4 2018+4.2%+3.6%+10.1%
Q3 2018-3.5%-5.7%-5.0%
Q2 2018-0.9%-1.3%-3.4%
Q1 2018+6.7%+8.5%+14.8%
Q4 2017+0.1%-2.9%-3.1%
Q3 2017+6.8%+5.8%+0.8%
Q2 2017-0.5%+2.7%-4.9%
Q1 2017+6.7%+11.7%+8.6%
Q4 2016+7.2%+3.0%+6.6%
Q3 2016+3.3%+4.2%+21.2%
Q2 2016-4.1%-3.7%-4.4%
Q1 2016+5.1%
Q4 2015-5.8%
Q3 2015-1.4%
Q2 2015-1.9%
Q1 2015+0.6%
Q4 2014+6.0%
Q3 2014+5.7%
Q2 2014-3.3%
Q1 2014+3.3%
Q4 2013+2.5%
Q3 2013+1.5%
Q2 2013+6.4%
Q1 2013-7.8%
Q4 2009+0.0%
Q4 2011+0.0%
Q4 2012-0.3%
Q3 2012-5.3%
Q2 2012-0.2%
Q1 2012-0.1%
Q3 2010-3.6%
Q3 2011-3.6%
Q4 2010-2.1%
Q2 2011-2.1%
Q1 2010+2.2%
Q1 2011+2.2%
Q2 2010+2.2%

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