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East West Bancorp, Inc. Earns #1 Spot in S&P Global Market Intelligence Ranking
Rhea-AI Impact
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Rhea-AI Sentiment
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Rhea-AI Summary
East West Bancorp, Inc. (NASDAQ: EWBC) has been recognized as the best performing public bank in the U.S. for 2022 by S&P Global Market Intelligence. The ranking assesses public banks with over $10 billion in assets based on key metrics such as returns, growth, and efficiency. East West's strong capital and liquidity have contributed to its leading profitability. As the bank marks its 50th anniversary in 2023, Chairman and CEO Dominic Ng expressed gratitude to over 500,000 customers for their trust. The Company's assets total approximately $64.1 billion and it operates over 120 locations nationally and in Asia.
Positive
Ranked as the best performing public bank in the U.S. by S&P Global Market Intelligence.
Strong capital and liquidity levels contributing to leading profitability.
Celebrating 50 years of service in 2023, indicating stability and customer trust.
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S&P Global Market Intelligence Ranks East West Bancorp Inc. Best Performing U.S. Public Bank in 2022
PASADENA, Calif.--(BUSINESS WIRE)--
East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, announced it has earned the number one spot in the 2022 Ranking of U.S. Public Banks by Financial Performance. This annual analysis by S&P Global Market Intelligence assesses the financial performance of publicly held banks with more than $10 billion in assets across the nation.
S&P Global Market Intelligence first launched the annual rankings list in 2011 to assess the performance of banks based on returns, growth and efficiency, and places a premium on the strength and risk profile of balance sheets. East West secured the top spot in 2022, outperforming the industry on the combined metrics.
“We are honored to be named the top public bank in the United States by S&P Global Market Intelligence,” said East West Bancorp Inc. Chairman and CEO Dominic Ng. “As the bank celebrates its 50th anniversary in 2023, this achievement serves as a reminder of our continued legacy of remaining steadfast amid volatile market conditions. I remain grateful to our over 500,000 customers who continue to put their trust in us.”
East West’s conservatively managed balance sheet, strong capital and liquidity levels form a solid and stable foundation. These strengths, along with our diversified customer base and business model, allow us to have industry-leading profitability and high-quality earnings year after year. We look beyond our fifty years of history with the commitment to helping our customers build new bridges of opportunity and reach further. For more information or to set up a press interview, please contact CorporateCommunications@EastWestBank.com.
About East West
East West Bancorp, Inc. is a public company with total assets of $64.1 billion and is traded on the Nasdaq Global Select Market under the symbol “EWBC”. The Company’s wholly-owned subsidiary, East West Bank, is the largest independent bank headquartered in Southern California, operating over 120 locations in the United States and in Asia. The Company’s markets in the United States include California, Georgia, Illinois, Massachusetts, Nevada, New York, Texas and Washington. For more information on East West, visit the Company’s website at www.eastwestbank.com.
