- East West Bancorp (EWBC, Financial) reports a net income of $290 million for Q1 2025, with diluted EPS of $2.08.
- The company's total revenue grew by 2% quarter-over-quarter to $693 million.
- Book value per share increased by 3% from the previous quarter and 14% year-over-year.
East West Bancorp, Inc. (Nasdaq: EWBC), headquartered in Pasadena, California, announced its financial results for the first quarter of 2025, reporting a net income of $290 million or $2.08 per diluted share. This performance reflects a 1% decrease in net income compared to the previous quarter.
The company achieved a return on average assets of 1.56% and a return on average tangible common equity of 15.92%, demonstrating strong profitability despite a marginal decline from the fourth quarter of 2024. Book value per share saw a 3% increase quarter-over-quarter, reaching $57.54, and marked a 14% rise year-over-year.
East West's total revenue for the quarter was $693 million, representing a 2% increase from the previous quarter. The company attributed this growth to its focus on deposit cost optimization and robust customer activity, which led to an 8% increase in fee income. The net interest margin expanded by 11 basis points quarter-over-quarter, contributing to over $600 million in net interest income.
Credit performance improved during the first quarter, with net charge-offs of $15 million, accounting for 12 basis points of total loans. Nonaccrual loans and nonperforming assets also saw reductions, while the allowance for loan losses was maintained at 1.35% of total loans, reflecting prudent financial management.
Overall, East West Bancorp's performance in the first quarter of 2025 highlights its strategic focus on maintaining a diversified balance sheet, strong capital levels, and industry-leading profitability, positioning the company well for future growth and stability in varying economic environments.
