East West Bancorp (NASDAQ:EWBC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$609.9m (up 9.7% from 3Q 2023).

• Net income: US$299.2m (up 4.0% from 3Q 2023).

• Profit margin: 49% (down from 52% in 3Q 2023). The decrease in margin was driven by higher expenses.

• EPS: US$2.16 (up from US$2.03 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

East West Bancorp Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.5%.

Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 4.3% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with East West Bancorp.

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