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PASADENA, Calif.--(BUSINESS WIRE)--East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, will release third quarter 2023 financial results before the market opens on Thursday, October 19, 2023. Conference Call Information Management will discuss third quarter 2023 financial results with the public on Thursday, October 19, 2023 at 8:30 A.M. Pacific Time/ 11:30 A.M. Eastern Time via conference call. The public and investment community are invited.

East West Bancorp is a profitable and growing bank with over 120 locations in the U.S. and Asia. EWBC's success is driven by its unmatched efficiency, low-cost deposit base, and strategic approach to lending. The bank's ability to sustain profitability and growth makes it an attractive investment option in the financial landscape.

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East West Bancorp (EWBC) came out with quarterly earnings of $2.20 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.81 per share a year ago.

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East West Bancorp has an extraordinary growth prospect that is completely overlooked. The bank is fundamentally sound, with above-average profitability in every significant metric.

A decent loan demand and higher interest rates are likely to keep supporting East West Bancorp (EWBC). However, mounting non-interest expenses and weak asset quality are headwinds.

Higher net interest income and an increase in loan balances support East West Bancorp's (EWBC) Q1 earnings, while a rise in provisions, and expenses hurt.