Annual Income Statements for East West Bancorp
This table shows East West Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for East West Bancorp
This table shows East West Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
295 |
337 |
322 |
312 |
288 |
239 |
285 |
288 |
299 |
293 |
Consolidated Net Income / (Loss) |
|
295 |
337 |
322 |
312 |
288 |
239 |
285 |
288 |
299 |
293 |
Net Income / (Loss) Continuing Operations |
|
295 |
337 |
322 |
312 |
288 |
239 |
285 |
288 |
299 |
293 |
Total Pre-Tax Income |
|
384 |
388 |
421 |
358 |
354 |
327 |
372 |
364 |
389 |
356 |
Total Revenue |
|
627 |
670 |
660 |
645 |
648 |
655 |
644 |
638 |
657 |
674 |
Net Interest Income / (Expense) |
|
552 |
606 |
600 |
567 |
571 |
575 |
565 |
553 |
573 |
588 |
Total Interest Income |
|
628 |
761 |
836 |
906 |
962 |
990 |
1,024 |
1,034 |
1,076 |
1,059 |
Loans and Leases Interest Income |
|
560 |
671 |
729 |
771 |
819 |
853 |
866 |
868 |
887 |
869 |
Investment Securities Interest Income |
|
59 |
66 |
70 |
74 |
75 |
81 |
83 |
117 |
128 |
143 |
Deposits and Money Market Investments Interest Income |
|
9.08 |
24 |
36 |
61 |
68 |
56 |
74 |
49 |
60 |
48 |
Total Interest Expense |
|
76 |
156 |
236 |
339 |
391 |
416 |
458 |
481 |
503 |
472 |
Deposits Interest Expense |
|
69 |
147 |
217 |
287 |
338 |
363 |
406 |
431 |
454 |
428 |
Short-Term Borrowings Interest Expense |
|
1.18 |
0.37 |
8.83 |
49 |
50 |
50 |
42 |
0.03 |
0.02 |
0.01 |
Long-Term Debt Interest Expense |
|
1.94 |
2.36 |
8.97 |
2.67 |
2.91 |
2.95 |
10 |
50 |
49 |
43 |
Federal Funds Purchased and Securities Sold Interest Expense |
|
4.42 |
5.51 |
1.05 |
0.21 |
0.19 |
0.04 |
0.04 |
0.06 |
0.05 |
0.06 |
Total Non-Interest Income |
|
76 |
65 |
60 |
79 |
77 |
80 |
79 |
85 |
85 |
87 |
Trust Fees by Commissions |
|
8.90 |
6.24 |
6.30 |
6.94 |
5.92 |
7.82 |
8.59 |
9.48 |
11 |
9.87 |
Other Service Charges |
|
46 |
52 |
50 |
52 |
48 |
53 |
55 |
55 |
61 |
53 |
Net Realized & Unrealized Capital Gains on Investments |
|
2.13 |
0.44 |
-10 |
-0.01 |
-0.01 |
6.81 |
0.01 |
1.84 |
0.17 |
0.10 |
Other Non-Interest Income |
|
19 |
6.64 |
14 |
20 |
23 |
12 |
15 |
19 |
13 |
24 |
Provision for Credit Losses |
|
27 |
25 |
20 |
26 |
42 |
37 |
25 |
37 |
42 |
70 |
Total Non-Interest Expense |
|
216 |
257 |
218 |
262 |
252 |
290 |
247 |
236 |
226 |
249 |
Salaries and Employee Benefits |
|
128 |
120 |
130 |
125 |
123 |
131 |
142 |
134 |
135 |
140 |
Net Occupancy & Equipment Expense |
|
20 |
48 |
26 |
27 |
27 |
27 |
27 |
26 |
28 |
31 |
Property & Liability Insurance Claims |
|
4.88 |
4.93 |
7.91 |
8.26 |
8.58 |
79 |
20 |
11 |
9.18 |
6.20 |
Other Operating Expenses |
|
44 |
20 |
44 |
46 |
43 |
50 |
46 |
50 |
48 |
52 |
Amortization Expense |
|
20 |
65 |
10 |
56 |
50 |
4.58 |
13 |
16 |
5.60 |
19 |
Income Tax Expense |
|
89 |
52 |
99 |
46 |
66 |
88 |
87 |
76 |
90 |
63 |
Basic Earnings per Share |
|
$2.10 |
$2.38 |
$2.28 |
$2.21 |
$2.03 |
$1.71 |
$2.04 |
$2.07 |
$2.16 |
$2.12 |
Weighted Average Basic Shares Outstanding |
|
140.92M |
141.33M |
141.11M |
141.47M |
141.49M |
141.16M |
139.41M |
138.98M |
138.61M |
138.90M |
Diluted Earnings per Share |
|
$2.08 |
$2.37 |
$2.27 |
$2.20 |
$2.02 |
$1.69 |
$2.03 |
$2.06 |
$2.14 |
$2.10 |
Weighted Average Diluted Shares Outstanding |
|
142.01M |
142.49M |
141.91M |
141.88M |
142.12M |
141.90M |
140.26M |
139.80M |
139.65M |
139.96M |
Weighted Average Basic & Diluted Shares Outstanding |
|
140.95M |
141.00M |
141.46M |
141.48M |
140.93M |
140.03M |
139.14M |
138.61M |
138.63M |
138.44M |
Annual Cash Flow Statements for East West Bancorp
This table details how cash moves in and out of East West Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
321 |
518 |
296 |
852 |
260 |
757 |
-105 |
-431 |
1,133 |
636 |
Net Cash From Operating Activities |
|
470 |
650 |
703 |
883 |
733 |
693 |
1,168 |
2,066 |
1,425 |
1,412 |
Net Cash From Continuing Operating Activities |
|
470 |
650 |
703 |
883 |
733 |
693 |
1,168 |
2,066 |
1,425 |
1,412 |
Net Income / (Loss) Continuing Operations |
|
385 |
432 |
506 |
704 |
674 |
568 |
873 |
1,128 |
1,161 |
1,166 |
Consolidated Net Income / (Loss) |
|
385 |
432 |
506 |
704 |
674 |
568 |
873 |
1,128 |
1,161 |
1,166 |
Provision For Loan Losses |
|
14 |
27 |
46 |
64 |
99 |
211 |
-35 |
74 |
125 |
174 |
Depreciation Expense |
|
89 |
138 |
150 |
139 |
144 |
120 |
157 |
160 |
163 |
198 |
Amortization Expense |
|
-45 |
-26 |
-7.26 |
-21 |
-22 |
18 |
- |
57 |
11 |
14 |
Non-Cash Adjustments to Reconcile Net Income |
|
127 |
41 |
-35 |
-15 |
5.12 |
-19 |
113 |
-1.01 |
5.53 |
38 |
Changes in Operating Assets and Liabilities, net |
|
-100 |
39 |
43 |
11 |
-166 |
-204 |
61 |
649 |
-41 |
-179 |
Net Cash From Investing Activities |
|
-3,628 |
-1,800 |
-2,507 |
-3,832 |
-2,593 |
-6,874 |
-9,117 |
-4,583 |
-4,247 |
-6,295 |
Net Cash From Continuing Investing Activities |
|
-3,628 |
-1,800 |
-2,507 |
-3,832 |
-2,593 |
-6,874 |
-9,117 |
-4,583 |
-4,247 |
-6,295 |
Purchase of Investment Securities |
|
-8,885 |
-6,777 |
-5,715 |
-5,092 |
-5,315 |
-10,267 |
-12,845 |
-8,255 |
-6,630 |
-10,457 |
Sale and/or Maturity of Investments |
|
5,257 |
4,981 |
3,098 |
1,775 |
2,732 |
3,394 |
3,728 |
3,672 |
2,383 |
4,162 |
Net Cash From Financing Activities |
|
3,490 |
1,679 |
2,068 |
3,801 |
2,126 |
6,909 |
7,835 |
2,114 |
3,962 |
5,528 |
Net Cash From Continuing Financing Activities |
|
3,490 |
1,679 |
2,068 |
3,801 |
2,126 |
6,909 |
7,835 |
2,114 |
3,962 |
5,528 |
Net Change in Deposits |
|
3,493 |
2,453 |
2,273 |
3,903 |
1,904 |
7,483 |
8,464 |
2,709 |
144 |
7,108 |
Issuance of Debt |
|
700 |
63 |
0.00 |
61 |
1,471 |
1,439 |
0.40 |
4,950 |
6,000 |
4,000 |
Issuance of Common Equity |
|
2.84 |
2.08 |
2.28 |
2.85 |
3.38 |
2.33 |
2.57 |
3.18 |
3.21 |
3.02 |
Repayment of Debt |
|
-20 |
-720 |
-77 |
-25 |
-1,083 |
-1,750 |
-428 |
-5,201 |
-1,805 |
-5,118 |
Repurchase of Common Equity |
|
- |
- |
- |
0.00 |
0.00 |
-146 |
0.00 |
-100 |
-82 |
-143 |
Payment of Dividends |
|
-116 |
-116 |
-117 |
-126 |
-155 |
-158 |
-189 |
-228 |
-275 |
-308 |
Other Financing Activities, Net |
|
-569 |
-2.17 |
-13 |
-16 |
-15 |
40 |
-16 |
-19 |
-24 |
-15 |
Effect of Exchange Rate Changes |
|
-11 |
-12 |
31 |
- |
-6.39 |
29 |
8.70 |
-28 |
-7.00 |
-8.23 |
Cash Interest Paid |
|
106 |
104 |
139 |
253 |
419 |
233 |
88 |
250 |
1,213 |
2,058 |
Cash Income Taxes Paid |
|
-19 |
39 |
98 |
86 |
158 |
116 |
139 |
281 |
292 |
247 |
Quarterly Cash Flow Statements for East West Bancorp
This table details how cash moves in and out of East West Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
261 |
1,318 |
2,452 |
444 |
-1,817 |
54 |
-404 |
155 |
494 |
391 |
Net Cash From Operating Activities |
|
687 |
450 |
223 |
257 |
383 |
562 |
266 |
259 |
386 |
500 |
Net Cash From Continuing Operating Activities |
|
687 |
450 |
223 |
257 |
373 |
572 |
265 |
259 |
386 |
501 |
Net Income / (Loss) Continuing Operations |
|
295 |
337 |
322 |
312 |
288 |
239 |
285 |
288 |
299 |
293 |
Consolidated Net Income / (Loss) |
|
295 |
337 |
322 |
312 |
288 |
239 |
285 |
288 |
299 |
293 |
Provision For Loan Losses |
|
27 |
25 |
20 |
26 |
42 |
37 |
25 |
37 |
42 |
70 |
Depreciation Expense |
|
33 |
78 |
33 |
74 |
68 |
-11 |
51 |
49 |
39 |
59 |
Amortization Expense |
|
4.82 |
30 |
-4.50 |
-5.99 |
-5.25 |
26 |
0.65 |
5.41 |
4.68 |
3.16 |
Non-Cash Adjustments to Reconcile Net Income |
|
15 |
-28 |
22 |
11 |
1.17 |
-28 |
5.49 |
6.82 |
8.39 |
18 |
Changes in Operating Assets and Liabilities, net |
|
312 |
7.28 |
-169 |
-160 |
-21 |
309 |
-102 |
-128 |
-7.13 |
58 |
Net Cash From Investing Activities |
|
-275 |
-333 |
-633 |
-707 |
-1,557 |
-1,350 |
-1,872 |
-1,413 |
-1,495 |
-1,516 |
Net Cash From Continuing Investing Activities |
|
-275 |
-333 |
-633 |
-707 |
-1,557 |
-1,350 |
-1,872 |
-1,413 |
-1,495 |
-1,516 |
Purchase of Investment Securities |
|
-1,084 |
-916 |
-1,301 |
-1,185 |
-2,106 |
-2,038 |
-3,544 |
-2,519 |
-2,301 |
-2,092 |
Sale and/or Maturity of Investments |
|
809 |
584 |
668 |
478 |
549 |
688 |
1,673 |
1,106 |
806 |
577 |
Net Cash From Financing Activities |
|
-130 |
1,195 |
2,857 |
916 |
-646 |
836 |
1,202 |
1,311 |
1,593 |
1,421 |
Net Cash From Continuing Financing Activities |
|
-130 |
1,195 |
2,857 |
916 |
-646 |
836 |
1,202 |
1,311 |
1,593 |
1,421 |
Net Change in Deposits |
|
-423 |
2,086 |
-1,246 |
984 |
-578 |
985 |
2,475 |
1,446 |
1,670 |
1,517 |
Issuance of Debt |
|
650 |
350 |
6,000 |
4,500 |
- |
-4,500 |
-981 |
-19 |
500 |
4,500 |
Issuance of Common Equity |
|
- |
1.73 |
- |
- |
- |
1.65 |
- |
- |
- |
1.44 |
Repayment of Debt |
|
-300 |
-875 |
-1,804 |
-4,196 |
-304 |
4,500 |
-117 |
-0.22 |
-500 |
-4,501 |
Repurchase of Common Equity |
|
- |
- |
0.00 |
- |
- |
-82 |
-82 |
-41 |
- |
-20 |
Payment of Dividends |
|
-56 |
-56 |
-71 |
-68 |
-68 |
-68 |
-79 |
-77 |
-76 |
-76 |
Other Financing Activities, Net |
|
-0.01 |
-312 |
-22 |
-305 |
304 |
-0.54 |
-14 |
-0.21 |
-0.10 |
-0.87 |
Effect of Exchange Rate Changes |
|
-22 |
6.77 |
5.17 |
-22 |
3.67 |
5.85 |
-0.83 |
-2.59 |
10 |
-15 |
Cash Interest Paid |
|
62 |
142 |
228 |
277 |
348 |
361 |
600 |
482 |
502 |
474 |
Cash Income Taxes Paid |
|
45 |
48 |
0.00 |
255 |
29 |
7.34 |
39 |
194 |
9.30 |
5.45 |
Annual Balance Sheets for East West Bancorp
This table presents East West Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
32,351 |
34,789 |
37,122 |
41,042 |
44,196 |
52,157 |
60,871 |
64,112 |
69,613 |
75,976 |
Cash and Due from Banks |
|
341 |
461 |
457 |
516 |
536 |
592 |
527 |
535 |
445 |
361 |
Interest Bearing Deposits at Other Banks |
|
1,320 |
1,741 |
2,116 |
2,856 |
2,921 |
4,236 |
4,122 |
3,086 |
4,181 |
4,938 |
Trading Account Securities |
|
5,405 |
5,503 |
4,067 |
3,777 |
3,317 |
5,545 |
12,319 |
9,037 |
9,929 |
14,189 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Loans Held for Sale |
|
- |
- |
- |
- |
0.43 |
1.79 |
0.64 |
26 |
0.12 |
0.00 |
Premises and Equipment, Net |
|
167 |
160 |
121 |
119 |
118 |
103 |
97 |
89 |
86 |
82 |
Goodwill |
|
469 |
469 |
469 |
466 |
466 |
466 |
466 |
466 |
466 |
466 |
Other Assets |
|
24,455 |
26,271 |
29,728 |
33,123 |
36,630 |
41,000 |
43,339 |
50,874 |
54,506 |
55,940 |
Total Liabilities & Shareholders' Equity |
|
32,351 |
34,789 |
37,122 |
41,042 |
44,196 |
52,157 |
60,871 |
64,112 |
69,613 |
75,976 |
Total Liabilities |
|
29,228 |
31,361 |
33,280 |
36,618 |
39,178 |
46,888 |
55,033 |
58,128 |
62,662 |
68,253 |
Non-Interest Bearing Deposits |
|
8,657 |
10,184 |
10,887 |
11,377 |
11,080 |
16,298 |
22,845 |
21,051 |
15,540 |
15,450 |
Interest Bearing Deposits |
|
18,819 |
19,707 |
20,728 |
24,063 |
26,244 |
28,564 |
30,505 |
34,917 |
40,553 |
47,725 |
Short-Term Debt |
|
0.00 |
410 |
50 |
108 |
229 |
321 |
300 |
300 |
4,500 |
0.00 |
Long-Term Debt |
|
1,226 |
508 |
495 |
473 |
898 |
804 |
401 |
152 |
153 |
3,536 |
Other Long-Term Liabilities |
|
526 |
552 |
1,119 |
598 |
727 |
900 |
982 |
1,707 |
1,917 |
1,542 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
3,123 |
3,428 |
3,842 |
4,424 |
5,018 |
5,269 |
5,837 |
5,985 |
6,951 |
7,723 |
Total Preferred & Common Equity |
|
3,123 |
3,428 |
3,842 |
4,424 |
5,018 |
5,269 |
5,837 |
5,985 |
6,951 |
7,723 |
Total Common Equity |
|
3,123 |
3,428 |
3,842 |
4,424 |
5,018 |
5,269 |
5,837 |
5,985 |
6,951 |
7,723 |
Common Stock |
|
1,701 |
1,728 |
1,755 |
1,790 |
1,827 |
1,859 |
1,894 |
1,937 |
1,981 |
2,031 |
Retained Earnings |
|
1,873 |
2,188 |
2,576 |
3,160 |
3,689 |
4,000 |
4,684 |
5,583 |
6,465 |
7,312 |
Treasury Stock |
|
-436 |
-439 |
-452 |
-468 |
-480 |
-634 |
-650 |
-769 |
-875 |
-1,034 |
Accumulated Other Comprehensive Income / (Loss) |
|
-15 |
-48 |
-38 |
-58 |
-18 |
44 |
-90 |
-766 |
-621 |
-585 |
Quarterly Balance Sheets for East West Bancorp
This table presents East West Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
62,576 |
67,245 |
68,533 |
68,289 |
70,876 |
72,468 |
74,484 |
Cash and Due from Banks |
|
554 |
760 |
614 |
496 |
382 |
461 |
362 |
Interest Bearing Deposits at Other Banks |
|
2,240 |
5,184 |
5,781 |
4,082 |
3,853 |
3,930 |
4,614 |
Trading Account Securities |
|
8,919 |
9,949 |
8,963 |
9,789 |
11,834 |
12,347 |
13,487 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Loans Held for Sale |
|
15 |
6.86 |
2.83 |
4.76 |
13 |
19 |
0.00 |
Premises and Equipment, Net |
|
92 |
90 |
89 |
88 |
84 |
82 |
81 |
Goodwill |
|
466 |
466 |
466 |
466 |
466 |
466 |
466 |
Other Assets |
|
50,292 |
50,789 |
52,617 |
53,364 |
54,243 |
55,165 |
55,474 |
Total Liabilities & Shareholders' Equity |
|
62,576 |
67,245 |
68,533 |
68,289 |
70,876 |
72,468 |
74,484 |
Total Liabilities |
|
56,915 |
60,936 |
62,071 |
61,693 |
63,852 |
65,253 |
66,819 |
Non-Interest Bearing Deposits |
|
21,645 |
18,327 |
16,741 |
16,169 |
14,799 |
14,923 |
14,691 |
Interest Bearing Deposits |
|
32,212 |
36,410 |
38,918 |
38,918 |
43,762 |
45,077 |
47,009 |
Short-Term Debt |
|
612 |
4,500 |
4,500 |
4,500 |
19 |
0.00 |
0.00 |
Long-Term Debt |
|
478 |
152 |
153 |
153 |
3,536 |
3,536 |
3,536 |
Other Long-Term Liabilities |
|
1,769 |
1,546 |
1,759 |
1,953 |
1,736 |
1,717 |
1,583 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
5,661 |
6,309 |
6,462 |
6,597 |
7,023 |
7,215 |
7,665 |
Total Preferred & Common Equity |
|
5,661 |
6,309 |
6,462 |
6,597 |
7,023 |
7,215 |
7,665 |
Total Common Equity |
|
5,661 |
6,309 |
6,462 |
6,597 |
7,023 |
7,215 |
7,665 |
Common Stock |
|
1,927 |
1,948 |
1,960 |
1,969 |
1,994 |
2,008 |
2,018 |
Retained Earnings |
|
5,303 |
5,832 |
6,076 |
6,295 |
6,663 |
6,874 |
7,096 |
Treasury Stock |
|
-769 |
-791 |
-792 |
-792 |
-971 |
-1,012 |
-1,012 |
Accumulated Other Comprehensive Income / (Loss) |
|
-800 |
-680 |
-782 |
-875 |
-663 |
-654 |
-437 |
Annual Metrics And Ratios for East West Bancorp
This table displays calculated financial ratios and metrics derived from East West Bancorp's official financial filings.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
10.17% |
7.15% |
18.76% |
11.17% |
5.37% |
-4.57% |
12.69% |
29.00% |
11.22% |
0.25% |
EBITDA Growth |
|
63.69% |
9.86% |
28.36% |
6.83% |
3.00% |
-14.74% |
47.34% |
34.21% |
0.35% |
3.69% |
EBIT Growth |
|
29.46% |
-1.13% |
28.47% |
11.37% |
3.08% |
-18.74% |
54.04% |
33.63% |
3.41% |
1.51% |
NOPAT Growth |
|
11.20% |
12.22% |
17.13% |
39.17% |
-4.22% |
-15.76% |
53.75% |
29.22% |
2.93% |
0.38% |
Net Income Growth |
|
11.22% |
12.22% |
17.13% |
39.17% |
-4.22% |
-15.76% |
53.75% |
29.22% |
2.93% |
0.38% |
EPS Growth |
|
10.37% |
11.65% |
16.84% |
38.62% |
-4.16% |
-13.88% |
53.65% |
29.84% |
3.28% |
1.83% |
Operating Cash Flow Growth |
|
19.53% |
38.45% |
8.17% |
25.58% |
-16.99% |
-5.52% |
68.69% |
76.82% |
-31.03% |
-0.93% |
Free Cash Flow Firm Growth |
|
335.51% |
88.51% |
6.81% |
-81.36% |
-638.51% |
168.21% |
129.43% |
68.68% |
-425.77% |
137.71% |
Invested Capital Growth |
|
3.68% |
-0.06% |
0.96% |
14.07% |
22.78% |
4.07% |
2.25% |
-1.55% |
80.27% |
-2.97% |
Revenue Q/Q Growth |
|
2.17% |
2.48% |
3.15% |
3.40% |
1.59% |
-1.69% |
3.46% |
8.98% |
-0.60% |
0.76% |
EBITDA Q/Q Growth |
|
9.73% |
3.77% |
0.10% |
3.28% |
0.85% |
2.76% |
2.29% |
14.44% |
-7.87% |
7.12% |
EBIT Q/Q Growth |
|
4.68% |
2.26% |
1.80% |
3.93% |
1.71% |
-0.85% |
6.41% |
8.55% |
-4.02% |
1.97% |
NOPAT Q/Q Growth |
|
-0.96% |
4.59% |
-4.86% |
14.31% |
2.31% |
-4.08% |
6.56% |
11.79% |
-7.77% |
4.87% |
Net Income Q/Q Growth |
|
-0.95% |
4.59% |
-4.86% |
14.31% |
2.31% |
-4.08% |
6.56% |
11.79% |
-7.77% |
4.87% |
EPS Q/Q Growth |
|
-0.75% |
4.21% |
-4.67% |
13.98% |
2.44% |
-3.41% |
6.46% |
12.02% |
-7.67% |
5.18% |
Operating Cash Flow Q/Q Growth |
|
-17.79% |
39.63% |
-22.03% |
21.46% |
26.65% |
-10.77% |
16.10% |
1.32% |
8.54% |
-4.18% |
Free Cash Flow Firm Q/Q Growth |
|
-69.48% |
999.40% |
53.47% |
-37.54% |
-20.75% |
124.44% |
-66.84% |
89.16% |
-23.60% |
30.14% |
Invested Capital Q/Q Growth |
|
15.83% |
5.29% |
0.71% |
3.54% |
4.53% |
-17.71% |
2.31% |
-4.64% |
3.15% |
0.52% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
54.89% |
56.28% |
60.83% |
58.46% |
57.14% |
51.05% |
66.75% |
69.45% |
62.66% |
64.81% |
EBIT Margin |
|
51.04% |
47.10% |
50.95% |
51.04% |
49.93% |
42.52% |
58.12% |
60.21% |
55.98% |
56.69% |
Profit (Net Income) Margin |
|
33.93% |
35.53% |
35.04% |
43.87% |
39.88% |
35.21% |
48.03% |
48.12% |
44.53% |
44.59% |
Tax Burden Percent |
|
66.47% |
75.44% |
68.78% |
85.95% |
79.87% |
82.80% |
82.64% |
79.91% |
79.54% |
78.66% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
33.53% |
24.56% |
31.22% |
14.05% |
20.13% |
17.20% |
17.36% |
20.09% |
20.46% |
21.34% |
Return on Invested Capital (ROIC) |
|
9.01% |
9.93% |
11.58% |
14.99% |
12.09% |
9.06% |
13.50% |
17.39% |
12.87% |
10.20% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
9.01% |
9.93% |
11.58% |
14.99% |
12.09% |
9.06% |
13.50% |
17.39% |
12.87% |
10.20% |
Return on Net Nonoperating Assets (RNNOA) |
|
3.86% |
3.25% |
2.33% |
2.04% |
2.19% |
1.98% |
2.22% |
1.70% |
5.08% |
5.69% |
Return on Equity (ROE) |
|
12.87% |
13.18% |
13.91% |
17.03% |
14.28% |
11.04% |
15.72% |
19.08% |
17.95% |
15.89% |
Cash Return on Invested Capital (CROIC) |
|
5.39% |
9.99% |
10.63% |
1.84% |
-8.36% |
5.07% |
11.27% |
18.95% |
-44.41% |
13.21% |
Operating Return on Assets (OROA) |
|
1.89% |
1.70% |
2.04% |
2.09% |
1.98% |
1.42% |
1.87% |
2.26% |
2.18% |
2.04% |
Return on Assets (ROA) |
|
1.26% |
1.29% |
1.41% |
1.80% |
1.58% |
1.18% |
1.54% |
1.81% |
1.74% |
1.60% |
Return on Common Equity (ROCE) |
|
12.87% |
13.18% |
13.91% |
17.03% |
14.28% |
11.04% |
15.72% |
19.08% |
17.95% |
15.89% |
Return on Equity Simple (ROE_SIMPLE) |
|
12.32% |
12.59% |
13.16% |
15.91% |
13.43% |
10.78% |
14.96% |
18.85% |
16.71% |
15.09% |
Net Operating Profit after Tax (NOPAT) |
|
385 |
432 |
506 |
704 |
674 |
568 |
873 |
1,128 |
1,161 |
1,166 |
NOPAT Margin |
|
33.93% |
35.53% |
35.04% |
43.87% |
39.88% |
35.21% |
48.03% |
48.12% |
44.53% |
44.59% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
29.43% |
30.72% |
28.58% |
28.79% |
28.70% |
30.21% |
29.91% |
24.86% |
23.62% |
25.34% |
Operating Expenses to Revenue |
|
47.70% |
50.64% |
45.84% |
44.95% |
44.23% |
44.42% |
43.80% |
36.66% |
39.22% |
36.65% |
Earnings before Interest and Taxes (EBIT) |
|
579 |
572 |
735 |
819 |
844 |
686 |
1,056 |
1,412 |
1,460 |
1,482 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
622 |
684 |
878 |
938 |
966 |
823 |
1,213 |
1,628 |
1,634 |
1,694 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.58 |
1.80 |
1.95 |
1.23 |
1.25 |
1.24 |
1.77 |
1.45 |
1.41 |
1.71 |
Price to Tangible Book Value (P/TBV) |
|
2.00 |
2.22 |
2.34 |
1.45 |
1.44 |
1.42 |
1.93 |
1.58 |
1.51 |
1.82 |
Price to Revenue (P/Rev) |
|
4.34 |
5.08 |
5.20 |
3.41 |
3.71 |
4.06 |
5.70 |
3.71 |
3.76 |
5.05 |
Price to Earnings (P/E) |
|
12.80 |
14.29 |
14.85 |
7.76 |
9.31 |
11.52 |
11.86 |
7.71 |
8.45 |
11.32 |
Dividend Yield |
|
2.34% |
1.87% |
1.54% |
2.28% |
2.45% |
2.38% |
1.81% |
2.59% |
2.76% |
2.31% |
Earnings Yield |
|
7.81% |
7.00% |
6.74% |
12.88% |
10.74% |
8.68% |
8.43% |
12.96% |
11.84% |
8.83% |
Enterprise Value to Invested Capital (EV/IC) |
|
1.03 |
1.12 |
1.25 |
0.53 |
0.64 |
0.44 |
0.98 |
0.86 |
0.85 |
1.02 |
Enterprise Value to Revenue (EV/Rev) |
|
3.96 |
4.02 |
3.80 |
1.66 |
2.33 |
1.76 |
3.53 |
2.36 |
3.77 |
4.37 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
7.21 |
7.14 |
6.24 |
2.85 |
4.08 |
3.45 |
5.28 |
3.40 |
6.02 |
6.75 |
Enterprise Value to EBIT (EV/EBIT) |
|
7.76 |
8.54 |
7.45 |
3.26 |
4.67 |
4.14 |
6.07 |
3.92 |
6.74 |
7.72 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
11.67 |
11.31 |
10.84 |
3.79 |
5.85 |
5.00 |
7.34 |
4.91 |
8.47 |
9.81 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
9.56 |
7.51 |
7.79 |
3.02 |
5.38 |
4.10 |
5.49 |
2.68 |
6.90 |
8.10 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
19.48 |
11.24 |
11.81 |
30.87 |
0.00 |
8.93 |
8.79 |
4.50 |
0.00 |
7.57 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.39 |
0.27 |
0.14 |
0.13 |
0.22 |
0.21 |
0.12 |
0.08 |
0.67 |
0.46 |
Long-Term Debt to Equity |
|
0.39 |
0.15 |
0.13 |
0.11 |
0.18 |
0.15 |
0.07 |
0.03 |
0.02 |
0.46 |
Financial Leverage |
|
0.43 |
0.33 |
0.20 |
0.14 |
0.18 |
0.22 |
0.16 |
0.10 |
0.39 |
0.56 |
Leverage Ratio |
|
10.22 |
10.25 |
9.89 |
9.46 |
9.03 |
9.37 |
10.18 |
10.57 |
10.34 |
9.92 |
Compound Leverage Factor |
|
10.22 |
10.25 |
9.89 |
9.46 |
9.03 |
9.37 |
10.18 |
10.57 |
10.34 |
9.92 |
Debt to Total Capital |
|
28.18% |
21.12% |
12.43% |
11.60% |
18.34% |
17.60% |
10.73% |
7.03% |
40.10% |
31.41% |
Short-Term Debt to Total Capital |
|
0.00% |
9.44% |
1.14% |
2.15% |
3.72% |
5.02% |
4.59% |
4.66% |
38.78% |
0.00% |
Long-Term Debt to Total Capital |
|
28.18% |
11.69% |
11.29% |
9.45% |
14.62% |
12.58% |
6.14% |
2.37% |
1.32% |
31.41% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
71.82% |
78.88% |
87.57% |
88.40% |
81.66% |
82.40% |
89.27% |
92.97% |
59.90% |
68.59% |
Debt to EBITDA |
|
1.97 |
1.34 |
0.62 |
0.62 |
1.17 |
1.37 |
0.58 |
0.28 |
2.85 |
2.09 |
Net Debt to EBITDA |
|
-0.70 |
-1.88 |
-2.31 |
-2.98 |
-2.41 |
-4.50 |
-3.25 |
-1.95 |
0.02 |
-1.04 |
Long-Term Debt to EBITDA |
|
1.97 |
0.74 |
0.56 |
0.50 |
0.93 |
0.98 |
0.33 |
0.09 |
0.09 |
2.09 |
Debt to NOPAT |
|
3.19 |
2.13 |
1.08 |
0.83 |
1.67 |
1.98 |
0.80 |
0.40 |
4.01 |
3.03 |
Net Debt to NOPAT |
|
-1.13 |
-2.97 |
-4.01 |
-3.97 |
-3.46 |
-6.52 |
-4.52 |
-2.81 |
0.02 |
-1.51 |
Long-Term Debt to NOPAT |
|
3.19 |
1.18 |
0.98 |
0.67 |
1.33 |
1.42 |
0.46 |
0.14 |
0.13 |
3.03 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
230 |
434 |
464 |
87 |
-466 |
318 |
729 |
1,230 |
-4,006 |
1,510 |
Operating Cash Flow to CapEx |
|
0.00% |
16,181.76% |
0.00% |
7,269.50% |
7,753.23% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
2.23 |
4.14 |
3.31 |
0.33 |
-1.12 |
1.46 |
8.36 |
4.47 |
-2.90 |
0.79 |
Operating Cash Flow to Interest Expense |
|
4.54 |
6.20 |
5.02 |
3.33 |
1.77 |
3.18 |
13.41 |
7.50 |
1.03 |
0.74 |
Operating Cash Flow Less CapEx to Interest Expense |
|
4.55 |
6.16 |
5.78 |
3.28 |
1.75 |
3.18 |
13.41 |
7.50 |
1.03 |
0.74 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.03 |
0.03 |
0.04 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
6.52 |
7.43 |
10.26 |
13.34 |
14.23 |
14.55 |
18.12 |
25.14 |
29.71 |
31.01 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
4,348 |
4,346 |
4,387 |
5,005 |
6,144 |
6,395 |
6,539 |
6,437 |
11,604 |
11,259 |
Invested Capital Turnover |
|
0.27 |
0.28 |
0.33 |
0.34 |
0.30 |
0.26 |
0.28 |
0.36 |
0.29 |
0.23 |
Increase / (Decrease) in Invested Capital |
|
154 |
-2.70 |
42 |
617 |
1,140 |
250 |
144 |
-102 |
5,167 |
-345 |
Enterprise Value (EV) |
|
4,488 |
4,884 |
5,478 |
2,670 |
3,944 |
2,838 |
6,410 |
5,533 |
9,838 |
11,435 |
Market Capitalization |
|
4,924 |
6,168 |
7,506 |
5,462 |
6,274 |
6,540 |
10,358 |
8,702 |
9,810 |
13,198 |
Book Value per Share |
|
$21.70 |
$23.78 |
$26.58 |
$30.52 |
$34.46 |
$37.22 |
$41.13 |
$42.46 |
$49.32 |
$55.71 |
Tangible Book Value per Share |
|
$17.09 |
$19.24 |
$22.21 |
$26.03 |
$29.84 |
$32.42 |
$37.85 |
$39.16 |
$46.02 |
$52.35 |
Total Capital |
|
4,348 |
4,346 |
4,387 |
5,005 |
6,144 |
6,395 |
6,539 |
6,437 |
11,604 |
11,259 |
Total Debt |
|
1,226 |
918 |
545 |
581 |
1,127 |
1,125 |
701 |
452 |
4,653 |
3,536 |
Total Long-Term Debt |
|
1,226 |
508 |
495 |
473 |
898 |
804 |
401 |
152 |
153 |
3,536 |
Net Debt |
|
-435 |
-1,284 |
-2,028 |
-2,792 |
-2,330 |
-3,702 |
-3,948 |
-3,168 |
28 |
-1,763 |
Capital Expenditures (CapEx) |
|
-0.58 |
4.02 |
-106 |
12 |
9.46 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
1,226 |
918 |
545 |
581 |
1,127 |
1,125 |
701 |
452 |
4,653 |
3,536 |
Total Depreciation and Amortization (D&A) |
|
44 |
112 |
143 |
119 |
122 |
138 |
157 |
217 |
174 |
212 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$2.67 |
$3.00 |
$3.50 |
$4.86 |
$4.63 |
$3.99 |
$6.16 |
$7.98 |
$8.23 |
$8.39 |
Adjusted Weighted Average Basic Shares Outstanding |
|
143.82M |
144.09M |
144.44M |
144.86M |
145.50M |
142.34M |
141.83M |
141.33M |
141.16M |
138.90M |
Adjusted Diluted Earnings per Share |
|
$2.66 |
$2.97 |
$3.47 |
$4.81 |
$4.61 |
$3.97 |
$6.10 |
$7.92 |
$8.18 |
$8.33 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
144.51M |
145.17M |
145.91M |
146.17M |
146.18M |
142.99M |
143.14M |
142.49M |
141.90M |
139.96M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$4.63 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
143.92M |
144.17M |
144.54M |
145.15M |
145.63M |
141.57M |
141.91M |
141.00M |
140.03M |
138.44M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
399 |
432 |
506 |
704 |
674 |
568 |
873 |
1,128 |
1,161 |
1,166 |
Normalized NOPAT Margin |
|
35.21% |
35.53% |
35.04% |
43.87% |
39.88% |
35.21% |
48.03% |
48.12% |
44.53% |
44.59% |
Pre Tax Income Margin |
|
51.04% |
47.10% |
50.95% |
51.04% |
49.93% |
42.52% |
58.12% |
60.21% |
55.98% |
56.69% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
5.60 |
5.46 |
5.25 |
3.09 |
2.04 |
3.15 |
12.12 |
5.13 |
1.06 |
0.77 |
NOPAT to Interest Expense |
|
3.72 |
4.12 |
3.61 |
2.65 |
1.63 |
2.61 |
10.02 |
4.10 |
0.84 |
0.61 |
EBIT Less CapEx to Interest Expense |
|
5.60 |
5.42 |
6.01 |
3.04 |
2.01 |
3.15 |
12.12 |
5.13 |
1.06 |
0.77 |
NOPAT Less CapEx to Interest Expense |
|
3.73 |
4.08 |
4.37 |
2.61 |
1.60 |
2.61 |
10.02 |
4.10 |
0.84 |
0.61 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
30.06% |
26.83% |
23.10% |
17.90% |
23.01% |
27.87% |
21.62% |
20.25% |
23.64% |
26.47% |
Augmented Payout Ratio |
|
30.06% |
26.83% |
23.10% |
17.90% |
23.01% |
53.57% |
21.62% |
29.11% |
30.72% |
38.74% |
Quarterly Metrics And Ratios for East West Bancorp
This table displays calculated financial ratios and metrics derived from East West Bancorp's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
33.82% |
40.50% |
33.21% |
17.04% |
3.22% |
-2.34% |
-2.38% |
-1.16% |
1.53% |
3.01% |
EBITDA Growth |
|
29.74% |
56.40% |
33.66% |
14.08% |
-1.35% |
-31.06% |
-5.69% |
-1.49% |
4.03% |
22.02% |
EBIT Growth |
|
40.58% |
40.15% |
41.45% |
4.85% |
-8.02% |
-15.73% |
-11.66% |
1.92% |
10.12% |
8.74% |
NOPAT Growth |
|
31.00% |
54.62% |
35.68% |
20.79% |
-2.57% |
-29.04% |
-11.59% |
-7.63% |
3.97% |
22.67% |
Net Income Growth |
|
31.00% |
54.62% |
35.68% |
20.79% |
-2.57% |
-29.04% |
-11.59% |
-7.63% |
3.97% |
22.67% |
EPS Growth |
|
32.48% |
55.92% |
36.75% |
21.55% |
-2.88% |
-28.69% |
-10.57% |
-6.36% |
5.94% |
24.26% |
Operating Cash Flow Growth |
|
100.97% |
6.39% |
-22.03% |
-60.06% |
-44.22% |
24.93% |
19.44% |
0.88% |
0.71% |
-10.96% |
Free Cash Flow Firm Growth |
|
-103.97% |
494.02% |
-1,208.90% |
-9,940.39% |
-6,507.17% |
-1,224.32% |
115.15% |
115.32% |
108.27% |
112.95% |
Invested Capital Growth |
|
5.62% |
-1.55% |
75.94% |
69.72% |
66.66% |
80.27% |
-3.49% |
-3.27% |
-0.44% |
-2.97% |
Revenue Q/Q Growth |
|
13.78% |
6.87% |
-1.58% |
-2.19% |
0.34% |
1.11% |
-1.62% |
-0.97% |
3.07% |
2.58% |
EBITDA Q/Q Growth |
|
13.18% |
17.59% |
-3.59% |
-5.31% |
-2.12% |
-17.83% |
34.21% |
-1.10% |
3.37% |
-3.61% |
EBIT Q/Q Growth |
|
12.71% |
1.02% |
8.52% |
-15.14% |
-1.13% |
-7.44% |
13.76% |
-2.09% |
6.82% |
-8.60% |
NOPAT Q/Q Growth |
|
14.33% |
14.03% |
-4.25% |
-3.23% |
-7.79% |
-16.95% |
19.30% |
1.11% |
3.79% |
-2.02% |
Net Income Q/Q Growth |
|
14.33% |
14.03% |
-4.25% |
-3.23% |
-7.79% |
-16.95% |
19.30% |
1.11% |
3.79% |
-2.02% |
EPS Q/Q Growth |
|
14.92% |
13.94% |
-4.22% |
-3.08% |
-8.18% |
-16.34% |
20.12% |
1.48% |
3.88% |
-1.87% |
Operating Cash Flow Q/Q Growth |
|
6.87% |
-34.59% |
-50.42% |
15.25% |
49.25% |
46.50% |
-52.60% |
-2.65% |
48.98% |
29.53% |
Free Cash Flow Firm Q/Q Growth |
|
-50.47% |
787.52% |
-1,105.95% |
3.52% |
0.98% |
-16.99% |
113.56% |
-2.46% |
-46.54% |
83.12% |
Invested Capital Q/Q Growth |
|
3.07% |
-4.64% |
70.29% |
1.39% |
1.22% |
3.15% |
-8.83% |
1.63% |
4.18% |
0.52% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
67.31% |
74.07% |
68.12% |
65.95% |
64.33% |
52.28% |
65.81% |
65.72% |
65.91% |
61.93% |
EBIT Margin |
|
61.27% |
57.92% |
63.86% |
55.41% |
54.60% |
49.98% |
57.79% |
57.14% |
59.21% |
52.76% |
Profit (Net Income) Margin |
|
47.08% |
50.23% |
48.87% |
48.35% |
44.43% |
36.50% |
44.26% |
45.18% |
45.50% |
43.46% |
Tax Burden Percent |
|
76.83% |
86.72% |
76.52% |
87.26% |
81.39% |
73.02% |
76.58% |
79.08% |
76.84% |
82.38% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
23.17% |
13.28% |
23.48% |
12.74% |
18.61% |
26.98% |
23.42% |
20.92% |
23.16% |
17.62% |
Return on Invested Capital (ROIC) |
|
15.41% |
18.15% |
14.26% |
14.25% |
12.95% |
10.55% |
10.65% |
10.68% |
10.52% |
9.94% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
15.41% |
18.15% |
14.26% |
14.25% |
12.95% |
10.55% |
10.65% |
10.68% |
10.52% |
9.94% |
Return on Net Nonoperating Assets (RNNOA) |
|
2.43% |
1.77% |
6.15% |
6.60% |
6.07% |
4.16% |
6.56% |
6.40% |
6.04% |
5.55% |
Return on Equity (ROE) |
|
17.84% |
19.92% |
20.41% |
20.85% |
19.02% |
14.71% |
17.21% |
17.08% |
16.55% |
15.48% |
Cash Return on Invested Capital (CROIC) |
|
9.89% |
18.95% |
-40.93% |
-37.36% |
-36.01% |
-44.41% |
13.99% |
13.39% |
10.34% |
13.21% |
Operating Return on Assets (OROA) |
|
2.13% |
2.17% |
2.47% |
2.20% |
2.19% |
1.95% |
2.17% |
2.09% |
2.15% |
1.89% |
Return on Assets (ROA) |
|
1.64% |
1.88% |
1.89% |
1.92% |
1.78% |
1.42% |
1.66% |
1.66% |
1.65% |
1.56% |
Return on Common Equity (ROCE) |
|
17.84% |
19.92% |
20.41% |
20.85% |
19.02% |
14.71% |
17.21% |
17.08% |
16.55% |
15.48% |
Return on Equity Simple (ROE_SIMPLE) |
|
17.83% |
0.00% |
19.22% |
19.60% |
19.08% |
0.00% |
16.00% |
15.25% |
14.50% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
295 |
337 |
322 |
312 |
288 |
239 |
285 |
288 |
299 |
293 |
NOPAT Margin |
|
47.08% |
50.23% |
48.87% |
48.35% |
44.43% |
36.50% |
44.26% |
45.18% |
45.50% |
43.46% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
23.47% |
25.05% |
23.63% |
23.51% |
23.20% |
24.11% |
26.14% |
25.08% |
24.81% |
25.34% |
Operating Expenses to Revenue |
|
34.43% |
38.35% |
33.11% |
40.56% |
38.92% |
44.37% |
38.33% |
37.06% |
34.40% |
36.86% |
Earnings before Interest and Taxes (EBIT) |
|
384 |
388 |
421 |
358 |
354 |
327 |
372 |
364 |
389 |
356 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
422 |
497 |
449 |
426 |
417 |
342 |
424 |
419 |
433 |
418 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.58 |
1.45 |
1.18 |
1.11 |
1.09 |
1.41 |
1.56 |
1.40 |
1.49 |
1.71 |
Price to Tangible Book Value (P/TBV) |
|
1.72 |
1.58 |
1.28 |
1.20 |
1.17 |
1.51 |
1.67 |
1.50 |
1.58 |
1.82 |
Price to Revenue (P/Rev) |
|
4.14 |
3.71 |
2.97 |
2.76 |
2.74 |
3.76 |
4.22 |
3.92 |
4.40 |
5.05 |
Price to Earnings (P/E) |
|
8.84 |
7.71 |
6.15 |
5.68 |
5.71 |
8.45 |
9.72 |
9.20 |
10.26 |
11.32 |
Dividend Yield |
|
2.42% |
2.59% |
3.17% |
3.46% |
3.62% |
2.76% |
2.55% |
2.83% |
2.59% |
2.31% |
Earnings Yield |
|
11.32% |
12.96% |
16.25% |
17.62% |
17.50% |
11.84% |
10.29% |
10.87% |
9.75% |
8.83% |
Enterprise Value to Invested Capital (EV/IC) |
|
1.07 |
0.86 |
0.56 |
0.49 |
0.65 |
0.85 |
0.97 |
0.86 |
0.89 |
1.02 |
Enterprise Value to Revenue (EV/Rev) |
|
3.35 |
2.36 |
2.46 |
2.09 |
2.77 |
3.77 |
3.95 |
3.59 |
3.84 |
4.37 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
5.07 |
3.40 |
3.63 |
3.08 |
4.10 |
6.02 |
6.43 |
5.89 |
6.30 |
6.75 |
Enterprise Value to EBIT (EV/EBIT) |
|
5.55 |
3.92 |
4.02 |
3.51 |
4.78 |
6.74 |
7.26 |
6.54 |
6.86 |
7.72 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
7.15 |
4.91 |
5.09 |
4.30 |
5.77 |
8.47 |
9.12 |
8.43 |
8.96 |
9.81 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
3.54 |
2.68 |
3.08 |
3.37 |
5.54 |
6.90 |
6.98 |
6.30 |
6.76 |
8.10 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
11.09 |
4.50 |
0.00 |
0.00 |
0.00 |
0.00 |
6.80 |
6.33 |
8.58 |
7.57 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.19 |
0.08 |
0.74 |
0.72 |
0.71 |
0.67 |
0.51 |
0.49 |
0.46 |
0.46 |
Long-Term Debt to Equity |
|
0.08 |
0.03 |
0.02 |
0.02 |
0.02 |
0.02 |
0.50 |
0.49 |
0.46 |
0.46 |
Financial Leverage |
|
0.16 |
0.10 |
0.43 |
0.46 |
0.47 |
0.39 |
0.62 |
0.60 |
0.57 |
0.56 |
Leverage Ratio |
|
10.88 |
10.57 |
10.78 |
10.85 |
10.68 |
10.34 |
10.36 |
10.31 |
10.01 |
9.92 |
Compound Leverage Factor |
|
10.88 |
10.57 |
10.78 |
10.85 |
10.68 |
10.34 |
10.36 |
10.31 |
10.01 |
9.92 |
Debt to Total Capital |
|
16.14% |
7.03% |
42.44% |
41.86% |
41.36% |
40.10% |
33.61% |
32.89% |
31.57% |
31.41% |
Short-Term Debt to Total Capital |
|
9.06% |
4.66% |
41.05% |
40.49% |
40.00% |
38.78% |
0.18% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
7.07% |
2.37% |
1.39% |
1.38% |
1.36% |
1.32% |
33.43% |
32.89% |
31.57% |
31.41% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
83.86% |
92.97% |
57.56% |
58.14% |
58.64% |
59.90% |
66.39% |
67.11% |
68.43% |
68.59% |
Debt to EBITDA |
|
0.77 |
0.28 |
2.74 |
2.63 |
2.62 |
2.85 |
2.23 |
2.25 |
2.24 |
2.09 |
Net Debt to EBITDA |
|
-1.20 |
-1.95 |
-0.76 |
-0.98 |
0.04 |
0.02 |
-0.43 |
-0.54 |
-0.91 |
-1.04 |
Long-Term Debt to EBITDA |
|
0.34 |
0.09 |
0.09 |
0.09 |
0.09 |
0.09 |
2.22 |
2.25 |
2.24 |
2.09 |
Debt to NOPAT |
|
1.08 |
0.40 |
3.84 |
3.67 |
3.70 |
4.01 |
3.16 |
3.21 |
3.18 |
3.03 |
Net Debt to NOPAT |
|
-1.69 |
-2.81 |
-1.07 |
-1.38 |
0.06 |
0.02 |
-0.60 |
-0.78 |
-1.30 |
-1.51 |
Long-Term Debt to NOPAT |
|
0.47 |
0.14 |
0.13 |
0.12 |
0.12 |
0.13 |
3.15 |
3.21 |
3.18 |
3.03 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-64 |
438 |
-4,409 |
-4,254 |
-4,212 |
-4,928 |
668 |
652 |
348 |
638 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
-0.83 |
2.81 |
-18.71 |
-12.53 |
-10.77 |
-11.86 |
1.46 |
1.35 |
0.69 |
1.35 |
Operating Cash Flow to Interest Expense |
|
8.99 |
2.89 |
0.95 |
0.76 |
0.98 |
1.35 |
0.58 |
0.54 |
0.77 |
1.06 |
Operating Cash Flow Less CapEx to Interest Expense |
|
8.99 |
2.89 |
0.95 |
0.76 |
0.98 |
1.35 |
0.58 |
0.54 |
0.77 |
1.06 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.03 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
22.82 |
25.14 |
26.96 |
28.47 |
29.23 |
29.71 |
29.76 |
30.29 |
30.78 |
31.01 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
6,750 |
6,437 |
10,962 |
11,115 |
11,250 |
11,604 |
10,579 |
10,751 |
11,201 |
11,259 |
Invested Capital Turnover |
|
0.33 |
0.36 |
0.29 |
0.29 |
0.29 |
0.29 |
0.24 |
0.24 |
0.23 |
0.23 |
Increase / (Decrease) in Invested Capital |
|
359 |
-102 |
4,731 |
4,566 |
4,500 |
5,167 |
-383 |
-363 |
-49 |
-345 |
Enterprise Value (EV) |
|
7,212 |
5,533 |
6,170 |
5,446 |
7,268 |
9,838 |
10,245 |
9,268 |
9,963 |
11,435 |
Market Capitalization |
|
8,916 |
8,702 |
7,462 |
7,188 |
7,193 |
9,810 |
10,924 |
10,122 |
11,403 |
13,198 |
Book Value per Share |
|
$40.17 |
$42.46 |
$44.75 |
$45.68 |
$46.63 |
$49.32 |
$50.16 |
$51.85 |
$55.30 |
$55.71 |
Tangible Book Value per Share |
|
$36.87 |
$39.16 |
$41.44 |
$42.39 |
$43.33 |
$46.02 |
$46.83 |
$48.51 |
$51.94 |
$52.35 |
Total Capital |
|
6,750 |
6,437 |
10,962 |
11,115 |
11,250 |
11,604 |
10,579 |
10,751 |
11,201 |
11,259 |
Total Debt |
|
1,089 |
452 |
4,652 |
4,653 |
4,653 |
4,653 |
3,556 |
3,536 |
3,536 |
3,536 |
Total Long-Term Debt |
|
478 |
152 |
152 |
153 |
153 |
153 |
3,536 |
3,536 |
3,536 |
3,536 |
Net Debt |
|
-1,705 |
-3,168 |
-1,292 |
-1,742 |
75 |
28 |
-680 |
-854 |
-1,440 |
-1,763 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
1,089 |
452 |
4,652 |
4,653 |
4,653 |
4,653 |
3,556 |
3,536 |
3,536 |
3,536 |
Total Depreciation and Amortization (D&A) |
|
38 |
108 |
28 |
68 |
63 |
15 |
52 |
55 |
44 |
62 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$2.10 |
$2.38 |
$2.28 |
$2.21 |
$2.03 |
$1.71 |
$2.04 |
$2.07 |
$2.16 |
$2.12 |
Adjusted Weighted Average Basic Shares Outstanding |
|
140.92M |
141.33M |
141.11M |
141.47M |
141.49M |
141.16M |
139.41M |
138.98M |
138.61M |
138.90M |
Adjusted Diluted Earnings per Share |
|
$2.08 |
$2.37 |
$2.27 |
$2.20 |
$2.02 |
$1.69 |
$2.03 |
$2.06 |
$2.14 |
$2.10 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
142.01M |
142.49M |
141.91M |
141.88M |
142.12M |
141.90M |
140.26M |
139.80M |
139.65M |
139.96M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
140.95M |
141.00M |
141.46M |
141.48M |
140.93M |
140.03M |
139.14M |
138.61M |
138.63M |
138.44M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
295 |
337 |
322 |
312 |
288 |
239 |
285 |
288 |
299 |
293 |
Normalized NOPAT Margin |
|
47.08% |
50.23% |
48.87% |
48.35% |
44.43% |
36.50% |
44.26% |
45.18% |
45.50% |
43.46% |
Pre Tax Income Margin |
|
61.27% |
57.92% |
63.86% |
55.41% |
54.60% |
49.98% |
57.79% |
57.14% |
59.21% |
52.76% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
5.03 |
2.49 |
1.79 |
1.05 |
0.90 |
0.79 |
0.81 |
0.76 |
0.77 |
0.75 |
NOPAT to Interest Expense |
|
3.86 |
2.16 |
1.37 |
0.92 |
0.74 |
0.58 |
0.62 |
0.60 |
0.59 |
0.62 |
EBIT Less CapEx to Interest Expense |
|
5.03 |
2.49 |
1.79 |
1.05 |
0.90 |
0.79 |
0.81 |
0.76 |
0.77 |
0.75 |
NOPAT Less CapEx to Interest Expense |
|
3.86 |
2.16 |
1.37 |
0.92 |
0.74 |
0.58 |
0.62 |
0.60 |
0.59 |
0.62 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
21.69% |
20.25% |
19.81% |
19.87% |
20.91% |
23.64% |
25.19% |
26.50% |
26.98% |
26.47% |
Augmented Payout Ratio |
|
31.60% |
29.11% |
19.81% |
19.87% |
20.91% |
30.72% |
39.84% |
45.17% |
45.46% |
38.74% |
Key Financial Trends
East West Bancorp (EWBC) has demonstrated a steady growth trend in key financial metrics over the past two years, based on quarterly reporting through Q4 2024.
Revenue and Earnings
- Net interest income increased from approximately $605.5 million in Q4 2022 to about $1.06 billion in Q4 2024, reflecting growth in loans & leases interest income and investment securities interest income.
- Total revenue expanded, reaching $674.4 million in Q4 2024 from $670.4 million in Q4 2022, supported by rising net interest income and consistent non-interest income streams.
- Net income attributable to common shareholders rose from $336.8 million in Q4 2022 to $293.1 million in Q4 2024, with slight fluctuations during intermediate quarters, indicating ongoing profitability.
- Basic and diluted earnings per share (EPS) increased over the period, with Q4 2024 EPS at $2.12 basic and $2.10 diluted compared to Q4 2022 EPS of $2.38 basic and $2.37 diluted, showing solid shareholder returns despite share count changes.
Expense Trends
- Total non-interest expense rose from around $257 million in Q4 2022 to $249 million in Q4 2024, reflecting increased salaries, employee benefits, and amortization costs, but generally controlled expenses relative to revenue growth.
- Provision for credit losses fluctuated, peaking at $70 million in Q4 2024 compared to $25 million in Q4 2022, pointing to cautious loan loss management amid changing credit conditions.
- Interest expense increased from about $156 million in Q4 2022 to $472 million in Q4 2024, partly due to higher long-term debt interest costs, affecting net income margins.
Balance Sheet and Liquidity
- Total assets grew from roughly $62.6 billion in Q3 2022 to $74.5 billion by Q3 2024, indicating expansion of East West Bancorp’s asset base and business scale.
- Total common equity increased over the two-year span, reaching approximately $7.7 billion by Q3 2024, supporting stronger capital position.
- Net loans and leases values reported as zero in recent filings, likely reflecting accounting classification changes or strategic loan portfolio shifts—this warrants investor attention for clarification.
Cash Flow and Financing Activities
- Operating cash flows remained robust, with net cash from continuing operating activities totaling over $500 million in Q4 2024, supporting operational sustainability.
- Investing activities reflect significant outflows in purchasing investment securities, exceeding $2 billion in multiple quarters, which could pressure liquidity if not balanced by inflows.
- Financing cash flows show issuance and repayment of debt around the $4.5 billion mark in Q4 2024, along with dividend payments and modest share repurchases, indicating active capital management.
Summary
East West Bancorp has shown consistent revenue and profitability growth supported by expanding interest income and well-managed expenses. The company has strengthened its balance sheet and capital base, which may bode well for future resilience. However, investors should monitor the rising interest expenses and significant investment securities outflows that could affect financial flexibility. The unusual reporting of net loans and leases at zero merits further inquiry. Overall, EWBC appears to maintain a stable financial profile with positive trends in earnings and equity growth.
08/03/25 07:08 PMAI Generated. May Contain Errors.