East West Bancorp Q3 net income rises to $299 million, diluted EPS $2.14
East West Bancorp reported third-quarter 2024 net income of $299 million, or $2.14 per diluted share, up from $288 million and $2.06 in the second quarter and from $2.02 per share a year earlier. Revenue rose 3% to $657 million, and total assets grew to $74.5 billion. Shareholders also received notice of a $0.55 per share fourth-quarter dividend, while $49 million of the buyback authorization remains available.
Key points
- Net income $299 million and diluted EPS $2.14, up 4% from the second quarter ($288 million and $2.06)
- Revenue $657 million, up 3% from $638 million in the second quarter
- Income tax expense $90 million, compared with $66 million in the third quarter of 2023, reflecting an expanded proportional amortization method application
- Dividend of $0.55 per share payable November 15, 2024; $49 million of share repurchase authorization remains
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 October 22, 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.