East West Bancorp Full Year 2024 Earnings: In Line With Expectations

East West Bancorp (NASDAQ:EWBC) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.39b (up 1.0% from FY 2023).
• Net income: US$1.17b (flat on FY 2023).
• Profit margin: 49% (in line with FY 2023).
• EPS: US$8.39 (up from US$8.23 in FY 2023).

EWBC Banking Performance Indicators

• Net interest margin (NIM): 3.27% (down from 3.61% in FY 2023).
• Cost-to-income ratio: 36.7% (down from 39.2% in FY 2023).
• Non-performing loans: 0.30% (up from 0.20% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

East West Bancorp Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the Consumer and Business Banking segment contributing a total revenue of US$1.25b (52% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$662.4m (54% of total expenses). Explore how EWBC's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 3.5% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's 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.

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