East West Bancorp (EWBC) Q1 FY2025 earnings: revenue $692 million, up 7.5% on the year

East West Bancorp Inc. (EWBC) reported revenue of $692 million for Q1 FY2025, the quarter ended 31 March 2025, up 7.5% on the same quarter a year earlier. Net income was $290 million, up 1.8% on the year, and diluted earnings per share $2.08. The figures are the company's own, from the 10-Q it filed with the SEC on 9 May 2025.

Revenue$692 millionup 7.5%

Net income$290 millionup 1.8%

Diluted EPS$2.08

QuarterQ1 FY2025ended 31 March 2025

The quarter, against the one before and a year earlier

Line	Q1 FY2025	Q4 FY2024	Q1 FY2024	Change on the year
Revenue	692	674	644	+7.5%
Interest expense	n/a	n/a	458	n/a
Pre-tax income	391	356	372	+5.1%
Income tax	101	62.7	87.2	+15.7%
Effective tax rate	25.8%	17.6%	23.4%
Net income	290	293	285	+1.8%
Net margin	41.9%	43.5%	44.3%
Diluted EPS	$2.08	$2.10	$2.03	+2.5%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

Line	Q1 FY2025	Q4 FY2024	Q1 FY2024	Change on the year
Operating cash flow	278	500	266	+4.4%
Capital expenditure	2.5	n/a	n/a	n/a
Free cash flow	275	n/a	n/a	n/a
Cash from investing	-2,035	-1,516	-1,872	n/a
Cash from financing	-45.7	1,421	1,202	n/a
Depreciation and amortisation	49.4	58.7	51.6	-4.3%
Share-based compensation	13.2	11.2	13.0	+1.5%
Buybacks	85.4	19.9	82.4	+3.6%
Dividend per share	$0.60	n/a	$0.55	+9.1%
Diluted shares, weighted	139m	140m	140m	-0.7%
Shares outstanding at period end	138m	138m	139m	-0.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q1 FY2025	Q4 FY2024	Q1 FY2024	Change on the year
Shareholders' equity	7,929	7,723	7,023	+12.9%
Deposits	63,052	63,175	58,561	+7.7%
Debt	35.9	36.0	36.4	-1.5%
Other liabilities	5,148	5,042	5,255	-2.1%
Total liabilities and equity	76,165	75,976	70,876	+7.5%
Fixed assets	82.0	82.2	84.0	-2.4%
Goodwill	466	466	466	+0.0%
Securities held for sale or to maturity	15,290	13,764	11,349	+34.7%
Loans	53,518	53,025	n/a	n/a
Cash and equivalents	3,448	5,251	4,211	-18.1%
Other assets	3,361	3,389	54,766	-93.9%
Total assets	76,165	75,976	70,876	+7.5%

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024 †	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	648	655	644	638	657	674	692	703	778	758	774	791
Interest expense	391	416	458	481	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Pre-tax income	354	327	372	364	389	356	391	402	465	467	457	468
Tax rate	19%	27%	23%	21%	23%	18%	26%	23%	21%	24%	22%	22%
Net income	288	239	285	288	299	293	290	310	368	356	358	364
Net margin	44%	36%	44%	45%	46%	43%	42%	44%	47%	47%	46%	46%
Diluted EPS	$2.02	$1.69	$2.03	$2.06	$2.14	$2.10	$2.08	$2.24	$2.65	$2.55	$2.57	$2.63
Operating cash flow	382	562	266	259	386	500	278	279	232	713	429	601
Capital expenditure	n/a	n/a	n/a	n/a	n/a	n/a	2.5	2.1	n/a	n/a	99.0	13.5
Free cash flow	n/a	n/a	n/a	n/a	n/a	n/a	275	277	n/a	n/a	330	588
Buybacks	0.0	82.2	82.4	40.8	0.0	19.9	85.4	3.7	25.4	1.0	97.8	-0.0
Shares outstanding	141m	140m	139m	139m	139m	138m	138m	138m	138m	138m	137m	137m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 31 March 2025, filed 9 May 2025, accession 0001069157-25-000052: the filing on EDGAR. All of East West Bancorp Inc.'s filings: EDGAR company page.

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