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Last $44.68 USD
Change Today -0.05 / -0.11%
Volume 971.0K
EWBC On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

east west bancorp inc (EWBC) Key Developments

East West Bancorp, Inc. Reports Un-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revised Earnings Guidance for the Year 2015; Provides Earnings Guidance for the Third Quarter of 2015

East West Bancorp, Inc. reported un-audited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income of $98.7 million or $0.68 per diluted share compared to $84.3 million or $0.59 per diluted share in last year. Compared to the first quarter of 2015, net income for the second quarter of 2015 decreased by $1.3 million or 1% and earnings per diluted share decreased $0.01 or 1%. The company reported interest and dividend income of $255.4 million compared to $294.4 million, net interest income before provision for loan losses of $227.5 million compared to $266.5 million, income before income taxes of $144.4 million compared to $123.0 million, return on average assets of 1.34% compared to 1.25% and return on average equity of 13.25% compared to 12.61% for the last year. For the six months, the company reported net income of $198.8 million or $1.38 per diluted share compared to $158.5 million or $1.11 per diluted share, interest and dividend income of $518.7 million compared to $524.4 million, net interest income before provision for loan losses of $463.2 million compared to $524.4 million, income before income taxes of $291.2 million compared to $239.1 million, return on average assets of 1.37% compared to 1.20% and return on average equity of 13.58% compared to 12.14% for the last year. Book value per common share as on June 30, 2015 was $20.89 compared to $18.84 per share as on June 30, 2014. The company currently estimated that fully diluted earnings per share for the full year of 2015 will range from $2.66 to $2.70, an increase of $0.25 to $0.29 or 10% to 12% from $2.41 for the full year of 2014 and an increase of $0.02 from the previously disclosed guidance for 2015. The company expected an effective tax rate of 32%. The company currently estimated that fully diluted earnings per share for the third quarter of 2015 will range from $0.63 to $0.65.

East West Bancorp, Inc. Declares Dividends Payable on August 17, 2015

East West Bancorp, Inc.’s board of directors has declared third quarter dividends for the company’s common stock. The common stock cash dividend of $0.20 per share is payable on August 17, 2015 to shareholders of record on August 3, 2015.

East West Bancorp, Inc. to Report Q2, 2015 Results on Jul 15, 2015

East West Bancorp, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 15, 2015

East West Bancorp, Inc., Q2 2015 Earnings Call, Jul 16, 2015

East West Bancorp, Inc., Q2 2015 Earnings Call, Jul 16, 2015

East West Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015; Revised Earnings Guidance for the Full Year of 2015; Reports Net Charge-Offs for the First Quarter Ended March 31, 2015

East West Bancorp, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. Interest and dividend income was $263.3 million compared to $286.2 million in the first quarter of 2014. Net interest income before provision for loan losses was $235.7 million against $258 million last year. Net interest income after provision for loan losses was $230.7 million against $251.0 million last year. Income before taxes was $146.8 million compared to $116.2 million in the first quarter of 2014. Net income was $100.0 million or $0.69 per diluted share against $74.2 million or $0.52 per basic and diluted share last year. Return on average assets was 1.39% against 1.14% last year. Return on average equity was 13.93% against 11.64% last year. Net interest margin, adjusted was $232.3 million against $231.5 million last year. Book value per common share was $20.43 against $18.30 at March 31, 2014. The company provided earnings guidance for the second quarter of 2015 and revised earnings guidance for the full year of 2015. The company currently estimates that fully diluted earnings per share for the full year of 2015 will range from $2.64 to $2.68, an increase of $0.23 to $0.27 or 10% to 11% from $2.41 for the full year of 2014 and an increase of $0.04 from the previously disclosed guidance for 2015. This EPS guidance for the remainder of the 2015 year assumes: federal funds target rate increases by 25 basis points in the fourth quarter of 2015; an adjusted net interest margin ranging from 3.35% to 3.40% for the remainder of 2015; annualized loan growth of approximately 8.00%; provision for loan losses of approximately $5.0 million to $7.5 million per quarter; noninterest expense of approximately $132.0 million to $136.0 million per quarter; and an effective tax rate of 32%. The company currently estimates that fully diluted earnings per share for the second quarter of 2015 will range from $0.63 to $0.65, based on the assumptions stated above. Net charge-offs totaled $6.0 million in the first quarter of 2015, compared to $4.3 million in the prior-year quarter.

 

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EWBC

Industry Average

Valuation EWBC Industry Range
Price/Earnings 16.9x
Price/Sales 6.7x
Price/Book 2.1x
Price/Cash Flow 16.8x
TEV/Sales 2.6x
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