Overview

* East West Bancorp ( EWBC ) Q2 revenue of $703 mln beats analyst expectations, per LSEG data

* Adjusted EPS for Q2 beats estimates at $2.28, per LSEG data

* Co achieved record levels in total loans and deposits

Result Drivers

* LOAN AND DEPOSIT GROWTH - Co attributes record net interest income to $1 bln increase in average loans and deposits

* CREDIT TRENDS - Criticized loans and nonperforming assets declined, contributing to resilient credit trends

* CAPITAL STRENGTH - Tangible common equity ratio increased to 10%, supporting customer confidence and market opportunities

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $703 mln $621.10

Revenue mln (9

Analysts

)

Q2 Beat $2.28 $2.25

Adjusted (13

EPS Analysts

)

Q2 EPS $2.24

Q2 Net $310 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for East West Bancorp Inc ( EWBC ) is $111.00, about 2.3% above its July 21 closing price of $108.40

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)