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East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, reported its financial results for the full year and fourth quarter of 2024. Full year 2024 net income was $1.2 billion, or $8.33 per diluted share. Fourth quarter 2024 net income was $293 million, or $2.10 per diluted share. Full-year returns on average assets were 1.60%, returns on average common equity were 15.9%, and book value per share grew 12% year-over-year. “Looking back on...

Pacific West Bancorp ("PWBK") Announces Fourth Quarter Financial Results PR Newswire PORTLAND, Ore., Jan. 23, 2025 PORTLAND, Ore. , Jan. 23, 2025 /PRNewswire/ -- Pacific West Bancorp (PWBK), the holding company of Pacific West Bank ("PWB"), today announced a fourth quarter net income of $155 thousand or $0.06 per diluted share, bringing its full-year 2024 net loss to ($338) thousand or ($0.13) per diluted share. Fourth Quarter Highlights: Core deposits grew by $7.2 million , while retiring $10.0...

East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), announced plans to host conference calls to review financial results on the following dates: Financial Period Earnings Release Date Conference Call Time Fourth Quarter and Full Year 2024 Thursday, January 23, 2025 2 p.m. PT/5 p.m. ET First Quarter 2025 Tuesday, April 22, 2025 2 p.m. PT/5 p.m. ET The financial results are scheduled to be released after the market closes on the dates noted above. The live audio webcast,...

Pacific West Bancorp ("PWBK") Announces Third Quarter Financial Results PR Newswire PORTLAND, Ore., Oct. 29, 2024 PORTLAND, Ore. , Oct. 29, 2024 /PRNewswire/ -- Pacific West Bancorp (PWBK), the holding company of Pacific West Bank ("PWB"), today announced a third quarter net loss of ($12) thousand . Third Quarter Highlights: Net deposits grew by $27.9 million , an 11.3% increase during the third quarter, consisting of a $52.2 million growth in Core Deposits offset by a $24.3 million retirement...

Pacific West Bancorp ("PWBK") Announces Second Quarter Financial Results PR Newswire PORTLAND, Ore., July 25, 2024 PORTLAND, Ore. , July 25, 2024 /PRNewswire/ -- Pacific West Bancorp (PWBK), the holding company of Pacific West Bank ("PWB"), today announced a second quarter net loss of ($230) thousand or ($0.09) per diluted share, an 8% improvement over the previous quarter. Second quarter demonstrated significant progress in the financial results compared to the first quarter. Total deposits...

Pacific West Bancorp ("PWBK") Announces First Quarter Financial Results PR Newswire PORTLAND, Ore., April 25, 2024 PORTLAND, Ore. , April 25, 2024 /PRNewswire/ -- Pacific West Bancorp, the holding company of Pacific West Bank ("PWB"), today announced a first quarter net loss of ($251) thousand or ($0.09) per diluted share. Year over year demonstrated continued balance sheet growth while first quarter, 2024 was seasonally quiet. Total deposits grew $12 million or 5.2% year over year and $2...

Pacific West Bancorp ("PWBK") Announces Fourth Quarter 2023 Earnings PR Newswire PORTLAND, Ore., Jan. 26, 2024 PORTLAND, Ore. , Jan. 26, 2024 /PRNewswire/ -- Pacific West Bancorp, the holding company of Pacific West Bank ("PWB"), today announced a fourth quarter net loss of ($151) thousand or ($0.06) per diluted share. PWB also announced its full-year 2023 results of a net loss of ($242) thousand or ($0.09) per diluted share, which included $535 thousand of provision for credit loss expense...

Pacific West Bancorp ("PWBK") Announces Third Quarter 2023 Earnings PR Newswire PORTLAND, Ore., Oct. 26, 2023 PORTLAND, Ore. , Oct. 26, 2023 /PRNewswire/ -- Pacific West Bancorp, the holding company of Pacific West Bank ("PWB"), today announced a third quarter net loss of ($205) thousand or ($0.08) per diluted share. Due to strong loan growth during the quarter, $250 thousand of provision for credit loss expense was recognized and added to the Allowance for Credit Losses ("ACL"), as a provision...

East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, earned the No. 1 Performing Bank ranking in Bank Director’s 2023 RankingBanking study in the $50 billion and above asset category. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230816077678/en/ (Graphic: Business Wire) East West Bancorp earned both rankings based on several factors including profitability, return on...

Pacific West Bancorp (PWBK) Announces Second Quarter 2023 Earnings PR Newswire PORTLAND, Ore., July 26, 2023 PORTLAND, Ore. , July 26, 2023 /PRNewswire/ -- Pacific West Bancorp (PWBK), the holding company of Pacific West Bank (PWB), today announced a second quarter net loss of $122 thousand or $0.05 per diluted share. Additionally, PWBK announced year-to-date net income of $113 thousand or $0.04 per diluted share. Second Quarter 2023 highlights: Opened a new office location in Vancouver, WA's...

East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, reported its financial results for the second quarter of 2023. Second quarter 2023 net income was $312.0 million, or $2.20 per diluted share, up from $258.3 million, or $1.81 per diluted share in the prior year period. Year-over-year, net income and earnings per share both increased 21%. “We are pleased with our operating performance for the second quarter, which continues the...

East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, will release second quarter 2023 financial results before the market opens on Thursday, July 20, 2023. Conference Call Information Management will discuss second quarter 2023 financial results with the public on Thursday, July 20, 2023 at 8:30 A.M. Pacific Time/ 11:30 A.M. Eastern Time via conference call. The public and investment community are invited to listen as management...

East West Bancorp, Inc. (Nasdaq: EWBC), parent company of East West Bank , today reaffirmed its support of exceptional Asian American athletes by announcing its continued sponsorship of world-class golfer Rose Zhang as she begins her professional career. This announcement follows the bank’s prior sponsorship of Zhang during her career as a top amateur golfer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230601005945/en/ East West...

East West Bancorp, Inc. ("East West" or the "Company") (Nasdaq: EWBC), parent company of East West Bank , today announced the appointment of Dr. Jason Hsu , founder and Chief Investment Officer of Rayliant Global Advisors (“Rayliant”), as the Chief Economist for East West Bank. In tandem with Dr. Hsu’s appointment, East West Bancorp has signed a definitive agreement to acquire a non-controlling interest in Rayliant, the firm he founded in 2016 and will continue to run. This partnership...

OREGON BASED PACIFIC WEST BANCORP ASSURES FINANCIAL STABILITY DESPITE SIMILARLY NAMED BANK IN CALIFORNIA EXPERIENCING FINANCIAL TROUBLE PR Newswire PORTLAND, Ore., May 4, 2023 PORTLAND, Ore. , May 4, 2023 /PRNewswire/ -- Pacific West Bank (PWB) (Ticker symbol: PWBK), a leading financial institution in the Pacific Northwest, with headquarters in West Linn, Oregon , wants to assure its customers and shareholders that it is financially stable and has no relation to the similarly named Pacific...

Pacific West Bancorp (PWBK) Announces First Quarter 2023 Earnings PR Newswire PORTLAND, Ore., April 26, 2023 PORTLAND, Ore. , April 26, 2023 /PRNewswire/ -- Pacific West Bancorp (PWBK) the holding company of Pacific West Bank "PWB," today announced first quarter net income of $235 thousand or $0.09 per diluted share. First Quarter 2023 highlights: Strategic partnership formed between the leading banking-as-a-service platform, Unit, and PWB. Welcomed a new lending team in Vancouver, WA , with an...

East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, reported its financial results for the first quarter of 2023. First quarter 2023 net income was $322.4 million, or $2.27 per diluted share, up from $237.7 million, or $1.66 per diluted share in the prior year period. Year-over-year, earnings per share increased 37%. Total loans reached a record $48.9 billion as of March 31, 2023. “East West’s ability to consistently generate...

East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, will release first quarter 2023 financial results before the market opens on Thursday, April 20, 2023. Conference Call Information Management will discuss first quarter 2023 financial results with the public on Thursday, April 20, 2023 at 8:30 A.M. Pacific Time/ 11:30 A.M. Eastern Time via conference call. The public and investment community are invited to listen as management...

East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank , announced it has earned the number one spot in the 2022 Ranking of U.S. Public Banks by Financial Performance. This annual analysis by S&P Global Market Intelligence assesses the financial performance of publicly held banks with more than $10 billion in assets across the nation. S&P Global Market Intelligence first launched the annual rankings list in 2011 to assess the performance...

East West Bancorp, Inc. (Nasdaq: EWBC), parent company of East West Bank , the financial bridge between the United States and Asia, today announced its NIL sponsorship of the #1 ranked women’s amateur golfer Rose Zhang. This sponsorship marks the latest in the bank’s history of supporting Asian American athletes, which previously included work with notable sports celebrities such as elite Olympian Michelle Kwan. This press release features multimedia. View the full release here:...