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East West Bancorp (EWBC)

East West Bancorp, Inc. is a publicly owned company with total assets of $52.2 billion. The Company's wholly owned subsidiary, East West Bank, is one of the largest independent banks headquartered in California, operating over 120 locations in the United States and Greater China. U.S. markets include California, Georgia, Massachusetts, Nevada, New York, Texas and Washington. In Greater China, East West's presence includes full service branches in Hong Kong, Shanghai, Shantou and Shenzhen, and representative offices in Beijing, Chongqing, Guangzhou, and Xiamen.

Company profile

Ticker
EWBC
Exchange
CEO
Dominic Ng
Employees
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
E-W Services, Inc. • East West Bank (China) Limited • East-West Investment, Inc. • East West VELO Technology • East West Insurance Services, Inc. • East West Markets, LLC • East West Investment Management LLC ...
IRS number
954703316

EWBC stock data

Calendar

8 Aug 22
28 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.9B 1.9B 1.9B 1.9B 1.9B 1.9B
Cash burn (monthly) 648.88M 341.31M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 1.92B 1.01B n/a n/a n/a n/a
Cash remaining -13.7M 894.37M n/a n/a n/a n/a
Runway (months of cash) -0.0 2.6 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
18 Aug 22 Lester Sussman Common Stock Gift Dispose G No No 0 200 0 19,577
30 Jun 22 Paul H Irving Common Stock Grant Acquire A No No 0 2,006 0 36,568
30 Jun 22 Lester Sussman Common Stock Grant Acquire A No No 0 2,006 0 19,777
30 Jun 22 Sabrina Kay Common Stock Grant Acquire A No No 0 2,006 0 2,006
30 Jun 22 Manuel Pham Alvarez Common Stock Grant Acquire A No No 0 2,006 0 2,695
88.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 393 415 -5.3%
Opened positions 39 62 -37.1%
Closed positions 61 66 -7.6%
Increased positions 153 152 +0.7%
Reduced positions 145 143 +1.4%
13F shares Current Prev Q Change
Total value 16.63B 42.88B -61.2%
Total shares 124.35M 125.74M -1.1%
Total puts 68.3K 84.1K -18.8%
Total calls 108.4K 287K -62.2%
Total put/call ratio 0.6 0.3 +115.0%
Largest owners Shares Value Change
Vanguard 14.02M $908.33M +1.5%
BLK Blackrock 12.55M $812.98M -0.2%
Capital International Investors 11.85M $768.34M -2.8%
FMR 5.77M $374.2M +25.0%
Boston Partners 5.54M $358.89M +9.5%
STT State Street 4.89M $316.64M -5.8%
MCQEF Macquarie 4.05M $262.41M -3.5%
Ci Investments 3.65M $236.3M +20.5%
Capital Research Global Investors 2.86M $185.55M -32.4%
TROW T. Rowe Price 2.82M $182.74M -3.5%
Largest transactions Shares Bought/sold Change
Capital Research Global Investors 2.86M -1.38M -32.4%
FMR 5.77M +1.16M +25.0%
Citadel Advisors 1.38M -929.33K -40.3%
Bain Capital Public Equity Management II 0 -920.6K EXIT
Ci Investments 3.65M +620.51K +20.5%
Ardevora Asset Management 711.94K -548.62K -43.5%
Schroder Investment Management 2.25M +508.07K +29.1%
Boston Partners 5.54M +482.64K +9.5%
JPM JPMorgan Chase & Co. 1.8M -469.61K -20.7%
GS Goldman Sachs 1.53M +438.65K +40.3%

Financial report summary

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Management Discussion
  • The Company’s primary source of revenue is net interest income, which is the interest income earned on interest-earning assets less interest expense paid on interest-bearing liabilities. Net interest margin is the ratio of net interest income to average interest-earning assets. Net interest income and net interest margin are impacted by several factors, including changes in average balances and the composition of interest-earning assets and funding sources, market interest rate fluctuations and the slope of the yield curve, repricing characteristics and maturity of interest-earning assets and interest-bearing liabilities, the volume of noninterest-bearing sources of funds, and asset quality.
  • Second quarter 2022 net interest income before provision for credit losses was $473.0 million, an increase of $96.5 million or 26%, compared with $376.5 million for the second quarter 2021. For the first half of 2022, net interest income was $888.6 million, an increase of $158.4 million or 22%, compared with $730.2 million for the first half of 2021. Second quarter 2022 net interest margin was 3.23%, an increase of 48 bps from 2.75% for the second quarter of 2021. For the first half of 2022, net interest margin was 3.05%, an increase of 32 bps from 2.73% for the first half of 2021. The year-over-year changes in net interest income and net interest margin primarily reflected strong loan growth, higher loan yields, and higher debt securities yield and volume. Yields expanded year-over-year due to rising interest rates.
  • Average interest-earning assets were $58.67 billion for the second quarter of 2022, an increase of $3.77 billion or 7% from $54.90 billion for the second quarter of 2021. For the first half of 2022, the average interest-earning assets were $58.68 billion, an increase of $4.80 billion or 9% from $53.88 billion for the first half of 2021. The increases in average interest-earning assets in both periods primarily reflected growth in loans and debt securities, partially offset by a decrease in interest-bearing cash and deposits with banks.

Content analysis

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