# East-West Bancorp Inc (EWBC) — Stock CV

East-West Bancorp Inc is a $17.2B financial services company. Revenue grew 3.8% over the last year, and it keeps 30¢ of every dollar of sales as profit. It trades at 11.9× earnings — around the middle of its own history.

> East West Bancorp Inc operates in U.S. and Asia. The Bank provides range of personal and commercial banking services to individuals and businesses.

## Identity

- **Ticker**: EWBC
- **Sector**: Financial Services
- **Industry**: State Commercial Banks
- **Headquarters**: PASADENA, CA
- **Employees**: 3 500
- **Website**: https://www.eastwestbank.com
- **Market cap**: $17.2B
- **Last price**: $125.53
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $4.75B
- **Net income**: $1.45B
- **Free cash flow**: $1.86B
- **Net cash**: $4.15B
- **P/E**: 11.9
- **Revenue growth (YoY)**: 3.8%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 60 |
| Growth | 77 |
| Profitability | 95 |
| Health | 53 |
| Quality | 62 |
| Moat | 75 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +3.8% YoY
- [x] Profitable — $1.45B TTM
- [x] Profit growing — +6.4% YoY
- [x] Generates cash — $1.86B TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $17.2B market cap
- [x] Not printing shares — -2.7% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — Altman Z 0.2 — distress
- [x] Pays a dividend — yield 2.26%
- [x] Valuation not extreme — P/E 11.9

## Experience (career milestones)

- **FY2025** — Best year on record: $1.33B net income
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $1.32B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2010** — The company acquired the assets, including four branches, of Washington First International Bank of…
- **2009** — East West acquired the assets of San Francisco-based United Commercial Bank (UCB), via a transaction…
- **2007** — The company acquired Desert Community Bank, a community bank operating in the Victor Valley region of…
- **2006** — The company acquired Standard Bank, a Chinese-American bank headquartered in Monterey Park, California
- **2005** — The company acquired United National Bank, a commercial bank headquartered in San Marino, California
- **2004** — East West acquired Trust Bank, a Chinese American bank based in Monterey Park, California
- **1999** — The company acquired First Central Bank for $13.5 million in cash
- **Jul 31, 1995** — East West became a state-chartered commercial bank on July 31, 1995
- **1991** — During the savings and loan crisis, the company acquired Pacific Coast Savings
- **1973** — East West was founded in 1973 in Los Angeles to serve the Chinese American community

## Strengths

- Strongly profitable — 30.5% net margin
- Strong cash conversion — FCF is 39.2% of revenue
- Net cash position after subtracting debt from cash
- High returns on invested capital (ROIC 27.9%)
- Piotroski F-Score 7/9 — fundamentally strong checklist

## Watch-outs

- Altman Z-Score 0.17 — elevated financial-distress risk

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $1.90B | $873M | $1.16B |
| FY2022 | $2.62B | $1.13B | $2.07B |
| FY2023 | $3.99B | $1.16B | $1.42B |
| FY2024 | $4.53B | $1.17B | $1.41B |
| FY2025 | $4.67B | $1.33B | $1.50B |

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Source: https://stockcv.com/EWBC — derived from company filings; may be delayed or incomplete. Information, not investment advice.