We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
East West Bancorp (EWBC) Reports Q1 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
For the quarter ended March 2024, East West Bancorp (EWBC - Free Report) reported revenue of $644.13 million, down 2.4% over the same period last year. EPS came in at $2.08, compared to $2.32 in the year-ago quarter.
The reported revenue represents a surprise of +0.84% over the Zacks Consensus Estimate of $638.75 million. With the consensus EPS estimate being $2.00, the EPS surprise was +4.00%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how East West Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net interest margin: 3.3% versus the seven-analyst average estimate of 3.4%.
Annualized quarterly net charge-offs (recoveries) to average loans HFI: 0.2% versus the six-analyst average estimate of 0.2%.
Average Balance - Total interest-earning assets: $68.12 billion versus the six-analyst average estimate of $66.20 billion.
Adjusted efficiency ratio: 34.7% compared to the 34.7% average estimate based on five analysts.
Efficiency ratio: 38.3% versus 38.4% estimated by four analysts on average.
Total capital ratio: 14.8% versus the four-analyst average estimate of 14.7%.
Tier 1 capital ratio: 13.5% versus 13.3% estimated by four analysts on average.
Leverage ratio: 10.1% versus the three-analyst average estimate of 10.4%.
Total nonaccrual loans: $148.18 million versus the two-analyst average estimate of $101.63 million.
Total nonperforming assets: $164.87 million compared to the $105.64 million average estimate based on two analysts.
Total Noninterest Income: $78.99 million versus the seven-analyst average estimate of $76.64 million.
Net Interest Income: $565.14 million compared to the $562.25 million average estimate based on seven analysts.
Shares of East West Bancorp have returned -3.2% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
East West Bancorp (EWBC) Reports Q1 Earnings: What Key Metrics Have to Say
For the quarter ended March 2024, East West Bancorp (EWBC - Free Report) reported revenue of $644.13 million, down 2.4% over the same period last year. EPS came in at $2.08, compared to $2.32 in the year-ago quarter.
The reported revenue represents a surprise of +0.84% over the Zacks Consensus Estimate of $638.75 million. With the consensus EPS estimate being $2.00, the EPS surprise was +4.00%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how East West Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net interest margin: 3.3% versus the seven-analyst average estimate of 3.4%.
- Annualized quarterly net charge-offs (recoveries) to average loans HFI: 0.2% versus the six-analyst average estimate of 0.2%.
- Average Balance - Total interest-earning assets: $68.12 billion versus the six-analyst average estimate of $66.20 billion.
- Adjusted efficiency ratio: 34.7% compared to the 34.7% average estimate based on five analysts.
- Efficiency ratio: 38.3% versus 38.4% estimated by four analysts on average.
- Total capital ratio: 14.8% versus the four-analyst average estimate of 14.7%.
- Tier 1 capital ratio: 13.5% versus 13.3% estimated by four analysts on average.
- Leverage ratio: 10.1% versus the three-analyst average estimate of 10.4%.
- Total nonaccrual loans: $148.18 million versus the two-analyst average estimate of $101.63 million.
- Total nonperforming assets: $164.87 million compared to the $105.64 million average estimate based on two analysts.
- Total Noninterest Income: $78.99 million versus the seven-analyst average estimate of $76.64 million.
- Net Interest Income: $565.14 million compared to the $562.25 million average estimate based on seven analysts.
View all Key Company Metrics for East West Bancorp here>>>Shares of East West Bancorp have returned -3.2% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.