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Last $41.11 USD
Change Today -0.54 / -1.30%
Volume 765.6K
EWBC On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

east west bancorp inc (EWBC) Snapshot

Open
$41.76
Previous Close
$41.65
Day High
$41.78
Day Low
$41.00
52 Week High
04/22/15 - $42.56
52 Week Low
10/16/14 - $30.50
Market Cap
5.9B
Average Volume 10 Days
803.5K
EPS TTM
$2.55
Shares Outstanding
143.8M
EX-Date
04/29/15
P/E TM
16.1x
Dividend
$0.80
Dividend Yield
1.80%
Current Stock Chart for EAST WEST BANCORP INC (EWBC)

east west bancorp inc (EWBC) Related Bloomberg News

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east west bancorp inc (EWBC) Details

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 small and medium-sized businesses, business executives, professionals, and other individuals. The company operates in three segments: Retail Banking, Commercial Banking, and Other. It offers various deposit products comprising personal and business checking and savings accounts, time deposits and individual retirement accounts, travelers’ checks, safe deposit boxes, and MasterCard and Visa merchant deposit services. The company’s lending portfolio consists of residential single-family and multifamily loans; commercial real estate loans, and construction and land loans; trade finance loans; commercial business loans, including accounts receivable, small business administration, inventory, and working capital loans; and consumer loans, including non-guaranteed student loans, home equity lines of credit, auto loans, and insurance premium financing loans. In addition, it provides financing to facilitate its clients business transactions between Asia and the United States. As of January 21, 2015, the company operated approximately 130 locations in California, Georgia, Nevada, New York, Massachusetts, Texas, and Washington; 5 full-service branches in Hong Kong, Shanghai, Shantou, and Shenzhen; and 5 representative offices in Beijing, Chongqing, Guangzhou, Xiamen, and Taipei. East West Bancorp, Inc. was founded in 1998 and is based in Pasadena, California.

2,637 Employees
Last Reported Date: 03/2/15
Founded in 1998

east west bancorp inc (EWBC) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $1.0M
President, Chief Operating Officer, Director,...
Total Annual Compensation: $598.1K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $387.5K
Chief Risk Officer, Executive Vice President,...
Total Annual Compensation: $372.5K
Compensation as of Fiscal Year 2014.

east west bancorp inc (EWBC) Key Developments

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.

East West Bancorp, Inc. Declares Second Quarter Dividends, Payable on or About May 15, 2015

East West Bancorp, Inc.'s board of directors has declared second quarter dividends for the common stock. The common stock cash dividend of $0.20 is payable on or about May 15, 2015 to shareholders of record on May 1, 2015.

East West Bancorp, Inc. to Report Q1, 2015 Results on Apr 21, 2015

East West Bancorp, Inc. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Apr 21, 2015

 

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Industry Analysis

EWBC

Industry Average

Valuation EWBC Industry Range
Price/Earnings 16.1x
Price/Sales 6.3x
Price/Book 2.0x
Price/Cash Flow 16.1x
TEV/Sales 1.3x
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