Last $34.77 USD
Change Today +0.55 / 1.59%
Volume 114.8K
EWBC On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 10:30 AM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

east west bancorp inc (EWBC) Snapshot

Open
$34.65
Previous Close
$34.04
Day High
$34.81
Day Low
$34.54
52 Week High
03/20/14 - $38.26
52 Week Low
10/16/14 - $30.50
Market Cap
5.0B
Average Volume 10 Days
945.0K
EPS TTM
$2.34
Shares Outstanding
143.4M
EX-Date
10/30/14
P/E TM
14.9x
Dividend
$0.72
Dividend Yield
1.99%
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 student and other consumer loans. In addition, it provides financing to facilitate its clients business transactions between Asia and the United States. It operates a network of 94 banking locations throughout California, 6 branches in New York, 4 branches in Georgia, 2 branches in Massachusetts, 1 branch in Nevada, 1 branch in Texas, and 4 branches in Washington; 3 full-service branches in Hong Kong, Shanghai, and Shantou; 3 representative offices in Beijing, Guangzhou, and Shenzhen, China; and 1 in Taipei, Taiwan. East West Bancorp, Inc. was founded in 1998 and is based in Pasadena, California.

2,450 Employees
Last Reported Date: 03/3/14
Founded in 1998

east west bancorp inc (EWBC) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $1.0M
Vice Chairman, President, Chief Operating Off...
Total Annual Compensation: $580.7K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $359.2K
Chief Risk Officer, Executive Vice President,...
Total Annual Compensation: $356.7K
Chief Human Resources Officer of East West Ba...
Total Annual Compensation: $310.0K
Compensation as of Fiscal Year 2013.

east west bancorp inc (EWBC) Key Developments

East West Bancorp, Inc. Plans to Open New Branch in Shenzhen

East West Bancorp, Inc. announced that it plans to open its new branch in Shenzhen in November 2014.

East West Bancorp, Inc. Declares Fourth Quarter Dividend, Payable on or About November 17, 2014; Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014; Reports Net Charge-Offs for Third Quarter Ended September 30, 2014

East West Bancorp, Inc.'s Board of Directors has declared fourth quarter dividends for the common stock. The common stock cash dividend of $0.18 is payable on or about November 17, 2014 to shareholders of record on November 3, 2014. The company reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported interest and dividend income of $285,948,000 compared to $281,706,000 a year ago. Income before taxes was $75,112,000 compared to $108,906,000 a year ago. Net income was $88,756,000 or $0.62 per diluted share compared to $73,157,000 or $0.53 per diluted share a year ago. Return on average assets was 1.25% compared to 1.22% a year ago. Return on average common equity was 12.80% compared to 12.65% a year ago. Net interest income, adjusted was $225.36 million compared to $192.36 million a year ago. Net interest income after provision for loan losses was $241,749,000 compared to $250,679,000 a year ago. For the nine, the company reported interest and dividend income of $866,563,000 compared to $775,482,000 a year ago. Income before taxes was $302,408,000 compared to $327,286,000 a year ago. Net income was $249,485,000 or $1.74 per basic and diluted share compared to $219,263,000 or $1.56 per basic and diluted share a year ago. Return on average assets was 1.23 % compared to 1.27 % a year ago. Return on average common equity was 12.48 % compared to 12.56 % a year ago. Net interest income after provision for loan losses was $751,232,000 compared to $674,287,000 a year ago. The company provided earnings guidance for the fourth quarter and full year of 2014. Management currently estimates that fully diluted earnings per share for the fourth quarter of 2014 will range from $0.63 to $0.65, based on the assumptions stated above. Management currently estimates that fully diluted earnings per share for the full year of 2014 will range from $2.37 to $2.39, an increase of $0.27 to $0.29 or 13% to 14% from $2.10 for the full year of 2013. This EPS guidance for the remainder of 2014 is based on an adjusted net interest margin of approximately 3.40%, total loan growth of approximately $400 million, provision for loan losses for non-covered loans of approximately $8 million, noninterest expense of approximately $140 million and an effective tax rate of 17.50%. The company reported net charge-offs of $5.4 million in the third quarter of 2014, compared to $334 thousand in the third quarter of 2013.

East West Bancorp, Inc. to Report Q3, 2014 Results on Oct 20, 2014

East West Bancorp, Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Oct 20, 2014

 

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Industry Analysis

EWBC

Industry Average

Valuation EWBC Industry Range
Price/Earnings 14.9x
Price/Sales 5.3x
Price/Book 1.8x
Price/Cash Flow 15.0x
TEV/Sales 1.0x
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