East West Bancorp Inc (EWBC) released its first quarter results on Sunday, April 25, 2021. The company reported net earnings of $1.44 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 44 percent compared to the same period a year ago.
East West Bancorp, Inc. was incorporated in 1998 and is headquartered in Pasadena, California. East West Bancorp, Inc. operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States and Greater China. It operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.
East West Bancorp's revenue decreased 14 percent over the past trailing twelve-month period versus the previous twelve-month period. Operating margins increased to 53.86% over the same period. Net earnings for past trailing twelve months were $627.97 million, down 4% from the prior year.
Overall liquidity of the balance sheet, as measured by the current ratio, decreased 97.09% this past year. The current ratio for East West Bancorp now stands at 0.24. The company increased shares outstanding by 0.29%.
Shares of EWBC are currently trading around $76.15. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 17.25 and price to book ratio of 2.06.