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Compared to Estimates, East West Bancorp (EWBC) Q3 Earnings: A Look at Key Metrics
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For the quarter ended September 2023, East West Bancorp (EWBC - Free Report) reported revenue of $647.57 million, up 3.2% over the same period last year. EPS came in at $2.02, compared to $2.08 in the year-ago quarter.
The reported revenue represents a surprise of +0.93% over the Zacks Consensus Estimate of $641.58 million. With the consensus EPS estimate being $2.01, the EPS surprise was +0.50%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how East West Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net interest margin: 3.5% compared to the 3.5% average estimate based on seven analysts.
Annualized quarterly net charge-offs (recoveries) to average loans HFI: 0.1% compared to the 0.1% average estimate based on six analysts.
Adjusted efficiency ratio: 31.2% compared to the 32.2% average estimate based on five analysts.
Average Balance - Total interest-earning assets: $65.05 billion versus the five-analyst average estimate of $64.78 billion.
Efficiency ratio: 38.9% versus the four-analyst average estimate of 35.6%.
Total capital ratio: 14.7% versus the four-analyst average estimate of 15%.
Tier 1 capital ratio: 13.3% versus 13.6% estimated by four analysts on average.
Leverage ratio: 10.2% versus the three-analyst average estimate of 10.3%.
Total nonaccrual loans: $103.70 million versus $135.28 million estimated by two analysts on average.
Total nonperforming assets: $103.70 million versus the two-analyst average estimate of $136.20 million.
Total Noninterest Income: $76.75 million versus $75.18 million estimated by seven analysts on average.
Net Interest Income: $570.81 million versus $566.39 million estimated by seven analysts on average.
Shares of East West Bancorp have returned -3.9% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, East West Bancorp (EWBC) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, East West Bancorp (EWBC - Free Report) reported revenue of $647.57 million, up 3.2% over the same period last year. EPS came in at $2.02, compared to $2.08 in the year-ago quarter.
The reported revenue represents a surprise of +0.93% over the Zacks Consensus Estimate of $641.58 million. With the consensus EPS estimate being $2.01, the EPS surprise was +0.50%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how East West Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net interest margin: 3.5% compared to the 3.5% average estimate based on seven analysts.
- Annualized quarterly net charge-offs (recoveries) to average loans HFI: 0.1% compared to the 0.1% average estimate based on six analysts.
- Adjusted efficiency ratio: 31.2% compared to the 32.2% average estimate based on five analysts.
- Average Balance - Total interest-earning assets: $65.05 billion versus the five-analyst average estimate of $64.78 billion.
- Efficiency ratio: 38.9% versus the four-analyst average estimate of 35.6%.
- Total capital ratio: 14.7% versus the four-analyst average estimate of 15%.
- Tier 1 capital ratio: 13.3% versus 13.6% estimated by four analysts on average.
- Leverage ratio: 10.2% versus the three-analyst average estimate of 10.3%.
- Total nonaccrual loans: $103.70 million versus $135.28 million estimated by two analysts on average.
- Total nonperforming assets: $103.70 million versus the two-analyst average estimate of $136.20 million.
- Total Noninterest Income: $76.75 million versus $75.18 million estimated by seven analysts on average.
- Net Interest Income: $570.81 million versus $566.39 million estimated by seven analysts on average.
View all Key Company Metrics for East West Bancorp here>>>Shares of East West Bancorp have returned -3.9% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.