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East West Bancorp shows impressive balance sheet growth and high asset quality, but declining revenue and profits remain concerns. Despite recent stock appreciation, East West Bancorp's current valuation and mixed financial results justify a 'hold' rating over a 'buy'. The company's net interest income and net interest margin have decreased, while provisions for credit losses and non-performing assets have risen.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does East West Bancorp (EWBC) have what it takes?
Initially rated as "hold" due to overvaluation, EWBC's 20% price drop now presents an undervaluation opportunity with a strong dividend and buyback potential. EWBC focuses on organic growth, avoiding risky CRE loans to maintain high capital ratios, supporting sustainable dividends and buybacks. Deposit growth in 2024, driven by expensive time deposits, is expected to stabilize with non-interest bearing deposits and refinancing opportunities in 2025.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does East West Bancorp (EWBC) have what it takes?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does East West Bancorp (EWBC) have what it takes?
Sixteen companies are boosting their dividends, with an average increase of 8.2%, signaling financial health and stability, particularly among regional banks. My investment strategy focuses on companies with consistently rising dividends and outperforming benchmarks, aiming for long-term wealth accumulation. I use data from the "U.S. Dividend Champions" spreadsheet and NASDAQ to identify companies with at least five years of dividend growth.
U.S. stock futures were slightly lower this morning, with the Nasdaq futures falling around 0.1% on Friday.
EWBC's fourth-quarter 2024 results miss estimates due to a significant jump in provisions. Yet, higher NII & fee income, alongside lower expenses, is a tailwind.
East West Bancorp, Inc. (NASDAQ:EWBC ) Q4 2024 Earnings Conference Call January 23, 2025 5:00 PM ET Company Participants Adrienne Atkinson - Director of Investor Relations Dominic Ng - Chairman and Chief Executive Officer Chris Del Moral-Niles - Chief Financial Officer Irene Oh - Chief Risk Officer Conference Call Participants Jared Shaw - Barclays Manan Gosalia - Morgan Stanley Ebrahim Poonawala - Bank of America ML Timur Braziler - Wells Fargo Ben Gerlinger - Citi Chris McGratty - KBW Gary Tenner - D.A. Davidson Operator Good day, and welcome to the East West Bancorp's Fourth Quarter 2024 Earnings Call.
East West Bancorp (EWBC) came out with quarterly earnings of $2.08 per share, missing the Zacks Consensus Estimate of $2.13 per share. This compares to earnings of $2.02 per share a year ago.