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.
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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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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.
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.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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