East-West Bancorp (EWBC) Raises Quarterly Dividend 14.6% to $0.55; 3% Yield
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East West Bancorp Reports Net Income for Full Year 2023 of $1.2 Billion and Diluted Earnings Per Share of $8.18; Increases Dividend by 15%
January 23, 2024 4:08 PM ESTPASADENA, Calif.--(BUSINESS WIRE)-- 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 2023. Full year 2023 net income was $1.2 billion, or $8.18 per diluted share. Excluding $70 million pre-tax of FDIC Special Assessment-related expense (the FDIC charge) and $7 million of net losses on an AFS debt security, adjusted diluted earnings per share1 for the year were $8.56.
Fourth quarter 2023 net income was $239 million, or $1.69 per diluted share. Excluding the FDIC charge and a $3 million... More
