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East West Bancorp ( (EWBC) ) has issued an update.
East West Bancorp reported a robust financial performance for the third quarter of 2024, with a net income of $299 million and earnings per share of $2.14. The company saw significant growth in consumer and business banking deposits, and a diversified loan portfolio, driving net interest and fee income upwards. The disciplined approach to credit and expense management ensured stable operations, while shareholder book value increased by 6% quarter-over-quarter and 19% year-over-year, reflecting strong returns and a solid business strategy.
See more data about EWBC stock on TipRanks’ Stock Analysis page.