East West Bancorp, Inc.EWBC
NasdaqGS•Financial Services•Banks - Regional
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. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Treasury and Other. It accepts various deposit products, such as personal and business checking and savings accounts, money market, and time deposits. The company provides various loan products, such as mortgage and home equity, commercial and residential real estate, construction finance, commercial business lending, working capital lines of credit, trade finance, letters of credit, affordable housing lending, asset-based lending, asset-backed finance, project finance, equipment financing, loan syndication, and equipment loans, as well as financing services for clients to facilitate their business transactions between the United States and Asia. It also provides foreign exchange, treasury management, wealth management, and interest rate and commodity risk hedging services; and mobile, and online banking services. The company was founded in 1973 and is headquartered in Pasadena, California.
East West Bancorp, Inc. (EWBC) reported trailing twelve months revenue of $4.71B as of March 2026, a 3.5% increase year-over-year. Quarterly revenue reached $1.16B, reflecting continued top-line momentum.
East West Bancorp, Inc. generated $1.39B in TTM net income, with quarterly EBITDA of $519.83M. The operating margin expanded from 34.8% to 39.5%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (39.5%) and net margin (30.9%) indicates moderate non-operating costs. Net margin has improved from 25.8% a year ago, signaling stronger bottom-line efficiency.
EWBC trades at a P/E of 10.3x (below the broader market average) and a P/S of 3.0x. The price-to-book ratio of 1.6x reflects a moderate premium to book value.
The company generated $329.58M in free cash flow over the trailing twelve months, a 18.6% increase year-over-year, indicating cash generation ability. The balance sheet shows $82.89B in total assets with $35.55M in long-term debt against $9.00B in stockholders equity for a debt-to-equity ratio of 0.0, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~35.5%, suggesting durable pricing power and cost discipline.
ROE is positive at ~14.9% on average, adequate but below the threshold typically associated with wide moats.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~8.7% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~38.1% — no sign of cost or pricing stress.
FCF covers net income by 1.2x on average — earnings are well-supported by cash generation.
D/E ratio is 0.0 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.