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Wall St Engine
@wallstengine
Fast, accurate, consistent stock market news, earnings highlights & more. By Brillinsight. Not financial advice.
Joined March 2022
996 Following    214.4K Followers
EAST WEST BANCORP $EWBC Q3โ€™26 EARNINGS HIGHLIGHTS ๐Ÿ”น Total Revenue: $823M; +6% YoY ๐Ÿ”น Adj. EPS: $2.76 (Est. $2.72) ๐ŸŸข ๐Ÿ”น GAAP EPS: $2.76; +4% YoY ๐Ÿ”น Net Interest Income: $718.9M; +6% YoY ๐Ÿ”น Net Income: $382M; +4% YoY Other Q3 Metrics: ๐Ÿ”น Adj. Net Income: $382.0M (Est. $375M) ๐ŸŸข ๐Ÿ”น Income Before Taxes: $494.7M (Est. $485M) ๐ŸŸข ๐Ÿ”น Noninterest Income: $103.9M; +3% YoY ๐Ÿ”น Total Fee Income: $93.5M; +2% YoY ๐Ÿ”น Net Interest Margin: 3.49%; -4 bps YoY ๐Ÿ”น Efficiency Ratio: 34.4% ๐Ÿ”น Provision for Credit Losses: $45M ๐Ÿ”น Net Charge-off Ratio: 0.15% ๐Ÿ”น Total Loans: $59.7B; +7% YoY ๐Ÿ”น Total Deposits: $71.5B; +7% YoY ๐Ÿ”น Book Value/Share: $65.97 (Est. $68.98) ๐Ÿ”ด ๐Ÿ”น Tangible Book Value/Share: $62.55; +6% YoY ๐Ÿ”น Return on Average Common Equity: 16.30% ๐Ÿ”น CET1 Ratio: 15.41% Financials: ๐Ÿ”น Total Assets: $86.0B; +8% YoY Capital Return: ๐Ÿ”น Dividend: $0.80/share Key Updates: ๐Ÿ”น Record revenue, net interest income, pre-tax pre-provision income, net income and diluted EPS ๐Ÿ”น Noninterest-bearing demand deposits increased nearly 15% YoY ๐Ÿ”น Allowance for loan losses: $865M, or 1.45% of loans HFI Comments: ๐Ÿ”ธ โ€œRevenue, net interest income, pre-tax pre-provision income (โ€œPTPPโ€), net income, and diluted earnings per share all set new records.โ€
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