Every material Form 8-K East West Bancorp filed with the SEC in 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
East West Bancorp said Christopher Del Moral-Niles joins as Executive Vice President and Chief Financial Officer, effective October 2, 2023, as part of a planned executive succession. Irene H. Oh, the former CFO, becomes Chief Risk Officer on the same date and remains on the executive leadership team.
Christopher Del Moral-Niles, age 52, becomes EVP and CFO of East West Bancorp and East West Bank, effective October 2, 2023.
Irene H. Oh, previously CFO, becomes Chief Risk Officer of the Company and the Bank, effective October 2, 2023.
Del Moral-Niles receives a $600,000 annual base salary, a $200,000 one-time signing bonus and $500,000 in time-based restricted stock units.
Del Moral-Niles was CFO of Associated Banc-Corp from 2012 to 2022.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every East West Bancorp filing is on SEC EDGAR ↗. 8-K briefs of other companies →