East West Bancorp Q2 2023 Earnings Report

East West Bancorp EPS Results

• Actual EPS: $2.20
• Consensus EPS: $2.20
• Beat/Miss: Met Expectations
• One Year Ago EPS: $1.81

East West Bancorp Revenue Results

• Actual Revenue: $645.00 million
• Expected Revenue: $660.49 million
• Beat/Miss: Missed by -$15.49 million
• YoY Revenue Growth: +17.10%

East West Bancorp Announcement Details

• Quarter: Q2 2023
• Date: 7/20/2023
• Time: Before Market Opens

East West Bancorp (NASDAQ:EWBC) operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other. It accepts various deposit products, such as personal and business checking and savings accounts, money market, and time deposits. The company's loan products include mortgage and home equity, commercial and residential real estate, working capital lines of credit, construction finance, trade finance, letters of credit, commercial business, affordable housing loans, asset-based lending, asset-backed finance, project finance, loan syndication, and equipment financing, as well as financing services for clients to facilitate their business transactions between the United States and Asia. It also provides various wealth management, treasury management, foreign exchange, and interest rate and commodity risk hedging services; and mobile and online banking services. The company was founded in 1973 and is headquartered in Pasadena, California.