East West Bancorp Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.10-24

East West Bancorp (NASDAQ:EWBC) Third Quarter 2024 Results Key Financial Results Revenue: US$609.9m (up 9.7% from 3Q 2023). Net income: US$299.2m (up 4.0% from 3Q 2023). Profit margin: 49% (down from...

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The decrease in margin was driven by higher expenses.NasdaqGS:EWBC Earnings and Revenue Growth October 24th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 2.3%. Earnings per share  also surpassed analyst estimates by 3.5%.Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US.The company's shares are up 4.3% from a week ago.You should learn about the   1 warning sign  we've spotted with East West Bancorp.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"EWBC":"华美"},"translate_title":"华美银行2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EWBC":1},"content_text":"East West Bancorp (NASDAQ:EWBC) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$609.9m (up 9.7% from 3Q 2023).\nNet income: US$299.2m (up 4.0% from 3Q 2023).\nProfit margin: 49% (down from 52% in 3Q 2023). The decrease in margin was driven by higher expenses.\nEPS: US$2.16 (up from US$2.03 in 3Q 2023).\n\n\n\n\n  NasdaqGS:EWBC Earnings and Revenue Growth October 24th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nEast West Bancorp Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.5%. \n Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. \nPerformance of the American Banks industry.\n The company's shares are up 4.3% from a week ago. \nRisk Analysis\n You should learn about the   1 warning sign  we've spotted with East West Bancorp. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477456681"}