NASDAQ$EWBC

East West Bancorp Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

East West Bancorp reported record net income and diluted earnings per share for full year 2022 and increased dividend by 20%.

East West Bancorp reported a record net income of $336.8 million, or $2.37 per diluted share, for the fourth quarter of 2022, representing a 56% year-over-year growth. Total loans reached a record $48.2 billion, up 16% year-over-year, and total deposits grew to a record $56.0 billion, up 5% from a year ago. The company's return on average assets was 2.1%, and return on average tangible equity was 25.0%.

  • Record net income for full year 2022 of $1.1 billion and record diluted earnings per share of $7.92.
  • Fourth quarter 2022 net income was $336.8 million, or $2.37 per diluted share, which grew 56% year-over-year.
  • Total loans reached a record $48.2 billion as of December 31, 2022, up 16% year-over-year.
  • Total deposits grew to a record $56.0 billion, up 5% from a year ago.

Headline financials

Total Revenue

$606M

Previous: $406M+49.3%
EPS (adj)

$2.37

Previous: $1.52+55.9%
Return on average assets

2.1%

No prior period
Net interest margin

4.0%

Previous: 2.7%+45.8%
Net Income

$337M

Previous: $218M+54.6%
Cash & Equivalents

$3.48B

Previous: $3.91B-11.0%
Total Assets

$64.1B

Previous: $60.9B+5.3%
Stock-Based Comp

$8.26M

Previous: $8.52M-3.0%

Revenue & EPS history

East West Bancorp · Revenue · Quarterly

$606M

Q4 2022+49.3%vs Q4 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

The company expects to continue its track record of outstanding profitability, achieved through solid revenue growth and disciplined expense management, while maintaining healthy capital levels.

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 Q4 2022

Historical avgQ4 2022

+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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