601M 2.9%
Total Revenue QoQ (USD) - Q2 '24

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Income Statement (USD)

Q2 '24 QoQ
Revenue 601M 2.9%
Gross Profit 327M 5.7%
Cost of Revenue 273M 0.6%
Operating expense 26M 0.6%
Net Income 288M 1.1%
EBITDA -11M 45.5%

Balance Sheet (USD)

Q2 '24 QoQ
Total Assets 72.5B 2.2%
Total Liabilities 65.3B 2.2%
Total Equity 7.22B 2.7%
Shares Outstanding 139M 0.3%

Cash Flow (USD)

Q2 '24 QoQ
Cash from operations 259M 2.7%
Cash from investing -1.41B 24.5%
Cash from financing 1.31B 9.1%

EPS

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Financial Highlights for East West Bancorp in Q2 '24

East West Bancorp reported a revenue of 601M, which is a -2.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. A decline in revenue can be concerning, as it might indicate reduced sales or challenges in the market. It's important to investigate further to understand the underlying causes.

Gross Profit stood at 327M, marking a -5.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.

Cost of Revenue was 273M, a 0.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.

Operating Expenses for this period were 26M, showing a -0.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.

Net Income for the quarter was 288M, showing a 1.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.

The company's EBITDA for the quarter was -11M, showing a 45.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.

East West Bancorp faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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