NASDAQ$EWBC

East West Bancorp Inc. · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

East West Bancorp reported record net income for full year 2024 and increased dividend and repurchase authorization.

East West Bancorp reported a Q4 2024 net income of $293 million, or $2.10 per diluted share. The company's total assets reached $76.0 billion, and total deposits were $63.2 billion. The Board of Directors has authorized the repurchase of up to $300 million of additional East West stock and a 9% increase in the common stock dividend.

  • Q4 2024 net income was $293 million, or $2.10 per diluted share.
  • Total assets reached $76.0 billion as of December 31, 2024, an increase of $1.5 billion from the previous quarter.
  • Total deposits were $63.2 billion as of December 31, 2024, an increase of $1.5 billion, or 2%, from the previous quarter.
  • An incremental $300 million of share repurchase authorization and a 9% increase in common stock dividend were announced.

Headline financials

Total Revenue

$588M

Previous: $575M+2.2%
EPS (adj)

$2.08

Previous: $2.02+3.0%
Return on average assets

1.6%

No prior period
Adjusted return on average assets

1.5%

No prior period
Return on average common equity

15.1%

No prior period
Adjusted return on average common equity

14.9%

No prior period
Return on average TCE

16.1%

No prior period
Adjusted return on average TCE

15.9%

No prior period
Book value per share

$55.79

No prior period
Tangible book value per share

$52.39

No prior period
Total stockholders' equity to assets ratio

10.2%

No prior period
Tangible common equity ratio

9.6%

No prior period
Interest rate spread

2.1%

No prior period
Adjusted interest rate spread

2.1%

No prior period
Net interest margin

3.2%

No prior period
Adjusted net interest margin

3.2%

No prior period
Average loan yield

6.5%

No prior period
Adjusted average loan yield

6.5%

No prior period
Yield on average interest-earning assets

5.8%

No prior period
Adjusted yield on average interest-earning assets

5.8%

No prior period
Average cost of interest-bearing deposits

3.6%

No prior period
Average cost of deposits

2.8%

No prior period
Average cost of funds

2.9%

No prior period
Operating noninterest expense/average assets

1.2%

No prior period
Efficiency ratio

37.0%

No prior period
Adjusted efficiency ratio

37.5%

No prior period
Efficiency ratio (FTE)

36.9%

No prior period
Adjusted efficiency ratio (FTE)

37.5%

No prior period
Effective tax rate

17.6%

No prior period
Adjusted effective tax rate

17.6%

No prior period
Net Income

$293M

Previous: $239M+22.6%

Revenue & EPS history

East West Bancorp · Revenue · Quarterly

$588M

Q4 2024+2.2%vs Q4 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

East West Bancorp did not provide any forward guidance in the Q4 2024 earnings report.

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 2024

Historical avgQ4 2024

+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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