Every material Form 8-K East West Bancorp filed with the SEC in 2024, 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 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.
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
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.
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
East West Bancorp reported first quarter 2024 net income of $285 million, or $2.03 per diluted share, up from $239 million and $1.69 in the fourth quarter of 2023, after a $10 million pre-tax FDIC special assessment charge. Revenue fell 2% to $644 million, and the criticized loans ratio rose to 2.30% from 1.87%, so shareholders see higher profit on lower revenue and weaker credit indicators.
Net income $285 million vs. $239 million in Q4 2023 (up 19%); diluted EPS $2.03 vs. $1.69
Adjusted diluted EPS $2.08, up 3% from Q4 2023, excluding a $10 million pre-tax FDIC charge
Revenue $644 million, down 2% from $655 million; net interest margin 3.34%, down 14 basis points
Repurchased 1.2 million shares for about $82 million; second quarter dividend of $0.55 per share payable May 17, 2024
East West Bancorp reported full-year 2023 net income of $1.2 billion, or $8.18 per diluted share, both up 3% from 2022, while revenue rose 11% to $2.6 billion. Excluding a $70 million pre-tax FDIC special assessment charge and other items, adjusted diluted EPS was $8.56. The board declared a 15% increase in the quarterly common dividend to $0.55 per share, which matters to shareholders as a direct cash return.
Full-year 2023 net income was $1.2 billion, or $8.18 per diluted share, up 3% year-over-year; adjusted diluted EPS was $8.56.
Full-year 2023 revenue was $2.6 billion, up $263 million, or 11%.
Fourth-quarter 2023 net income was $239 million, or $1.69 per diluted share.
Quarterly dividend rises to $0.55 per share from $0.48, payable February 15, 2024, to holders of record on February 2, 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.
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 →