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AI brief of an SEC Form 8-K · East West Bancorp (EWBC)

East West Bancorp Q3 profit falls 3% to $288 million as revenue rises 3%

Mixed Impact 3 of 5 earnings Written later

East West Bancorp reported third-quarter 2023 net income of $288 million, or $2.02 per diluted share, down 3% from a year earlier, while revenue rose 3% to $648 million. The company said it plans to restart share repurchases in the fourth quarter, with $254 million remaining under its authorization.

Key points

  • Net income was $288 million, down from $295 million in the third quarter of 2022.
  • Diluted EPS was $2.02, compared with $2.08 a year earlier; net income also fell from $312 million in the second quarter.
  • Revenue was $648 million, up from $627 million a year earlier.
  • Board declared a $0.48 per share dividend payable November 15, 2023; no shares were repurchased in Q3 2023, and $254 million remains under the authorization.

The filing

CompanyEast West Bancorp (EWBC)
Form8-K, current report
Filed with the SECOct 19, 2023, 9:39 AM ET
Accession number0001069157-23-000108

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 19, 2023.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.