Stock Analysis
East West Bancorp (NASDAQ:EWBC) First Quarter 2024 Results
Key Financial Results
- Revenue: US$605.9m (down 3.8% from 1Q 2023).
- Net income: US$285.1m (down 12% from 1Q 2023).
- Profit margin: 47% (down from 51% in 1Q 2023). The decrease in margin was primarily driven by higher expenses.
- EPS: US$2.05 (down from US$2.29 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
East West Bancorp Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 2.5%.
Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 7.9% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We have a graphic representation of East West Bancorp's balance sheet and an in-depth analysis of the company's financial position.
Valuation is complex, but we're helping make it simple.
Find out whether East West Bancorp is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About NasdaqGS:EWBC
East West Bancorp
East West Bancorp, Inc. operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.
Flawless balance sheet, undervalued and pays a dividend.