East West Bancorp Q2 net income $288 million, EPS $2.06; revenue down 1%
East West Bancorp reported second quarter 2024 net income of $288 million, or $2.06 per diluted share, up 1% from the first quarter but down from $312 million a year earlier. Revenue fell 1% from the first quarter to $638 million, and net interest income declined 2% as the net interest margin narrowed to 3.27%. The company also declared a $0.55 quarterly dividend and repurchased about 560 thousand shares for $41 million.
Key points
- Net income $288 million and diluted EPS $2.06, versus $285 million and $2.03 in the first quarter of 2024
- Revenue $638 million, down 1% from $644 million in the first quarter; net income was down 7.6% from $312 million in the second quarter of 2023
- Net interest margin 3.27%, a 7 basis point decline from the first quarter
- Quarterly dividend of $0.55 per share payable August 16, 2024 to holders of record as of August 2, 2024
The filing
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 July 23, 2024.
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.