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Last $40.05 USD
Change Today +0.06 / 0.15%
Volume 485.7K
As of 2:56 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

east west bancorp inc (EWBC) Snapshot

Open
$39.92
Previous Close
$39.99
Day High
$40.34
Day Low
$39.54
52 Week High
03/18/15 - $41.48
52 Week Low
10/16/14 - $30.50
Market Cap
5.8B
Average Volume 10 Days
892.2K
EPS TTM
$2.44
Shares Outstanding
143.8M
EX-Date
01/29/15
P/E TM
16.4x
Dividend
$0.80
Dividend Yield
1.84%
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. Presents at RBC Capital Markets Financial Institutions Conference 2015, Mar-10-2015

East West Bancorp, Inc. Presents at RBC Capital Markets Financial Institutions Conference 2015, Mar-10-2015 . Venue: New York Palace Hotel, 455 Madison Avenue, New York, NY 10022, United States. Speakers: Julia S. Gouw, President, Chief Operating Officer, Director, Member of Executive Committee, President of East West Bank, Chief Operating Officer of East West Bank and Director of East West Bank.

East West Bancorp, Inc. Declares First Quarter Dividends for the Common Stock, Payable on February 17, 2015; Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015; Reports Net Charge-Offs for the Fourth Quarter of 2014

East West Bancorp, Inc.'s Board of Directors has declared first quarter dividends for the common stock. The common stock cash dividend of $0.20 is payable on February 17, 2015 to shareholders of record on February 2, 2015. This represents an increase of $0.02 per share, or an 11% increase from the prior quarterly dividend of $0.18 per share. The company reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported Interest and dividend income of $287,135,000 compared to $293,203,000 a year ago. Net interest income before provision for loan losses was $259,488,000 compared to $265,008,000 a year ago. Net interest income after provision for loan losses was $240,488,000 compared to $259,542,000 a year ago. Income before taxes was $113,047,000 compared to $98,564,000 a year ago. Net income was $92,998,000 compared to $75,782,000 a year ago. Basic and diluted earnings per share were $0.65 compared to $0.55 a year ago. Return on average assets was 1.27% compared to 1.21% a year ago. Return on average common equity was 12.95% compared to 12.65% a year ago. Net interest income, adjusted was $231.52 million compared to $198.24 million a year ago. Tangible equity per common share was $16.26 compared to $14.37 a year ago. For the full year, the company reported Interest and dividend income of $1,153,698,000 compared to $1,068,685,000 a year ago. Net interest income before provision for loan losses was $1,040,878,000 compared to $956,193,000 a year ago. Net interest income after provision for loan losses was $991,720,000 compared to $933,829,000 a year ago. Income before taxes was $415,455,000 compared to $425,850,000 a year ago. Net income was $342,483,000 compared to $291,617,000 a year ago. Diluted earnings per share were $2.38 compared to $2.10 a year ago. Return on average assets was 1.24% compared to 1.25% a year ago. Return on average common equity was 12.61% compared to 12.59% a year ago. The company provided earnings guidance for the first quarter and full year of 2015. For the full year, the company expects diluted earnings per share to be in the range of $2.60 to $2.64, an increase of $0.22 to $0.26 or 9% to 11% from $2.38 for the full year of 2014. Provision for loan losses expected to be of approximately $30 to $40 million. Effective tax rate expected to be of 28.50%. Net interest margin ranging from 3.35% to 3.40%. Further, the effective tax rate is estimated to be at 28.5%, reduced from its statutory tax rate of approximately 41%, due largely from the tax credits purchased. Additionally, the tax rate for 2015 is impacted by the change in the accounting method for low income housing tax credit investments, which is now presented on the income statement on a net basis, with the amortization of the tax credits included within the income tax expense line item. For the first quarter, the company expects diluted earnings per share to be in the range of $0.63 to $0.65. Net charge-offs totaled $9.6 million in the fourth quarter of 2014, compared to $5.4 million in the third quarter of 2014 and net recoveries of $1.3 million in the fourth quarter of 2013. Net charge-offs for the fourth quarter of 2014 included a $5.2 million write-down for student loans transferred to loans held for sale as of December 31, 2014.

East West Bancorp, Inc. Presents at Deutsche Bank Mid-Cap Banks Summit, Mar-12-2015

East West Bancorp, Inc. Presents at Deutsche Bank Mid-Cap Banks Summit, Mar-12-2015 . Venue: Grand Hyatt New York, 109 E 42nd Street, New York, NY 10017, United States.

 

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Industry Analysis

EWBC

Industry Average

Valuation EWBC Industry Range
Price/Earnings 16.8x
Price/Sales 6.3x
Price/Book 2.0x
Price/Cash Flow 16.8x
TEV/Sales 2.6x
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