East West Bancorp Announces Date for Fourth Quarter and Full Year 2022 Financial Results; Updates Fourth Quarter 2022 Tax Credit Amortization and Tax Rate
10 January 2023 - 08:00AM
Business Wire
East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq:
EWBC), parent company of East West Bank, the financial bridge
between the United States and Greater China, will release fourth
quarter and full year 2022 financial results before the market
opens on Thursday, January 26, 2023.
Conference Call Information
Management will discuss fourth quarter and full year 2022
financial results with the public on Thursday, January 26, 2023, at
8:30 A.M. Pacific Time/ 11:30 A.M. Eastern Time via conference
call. The public and investment community are invited to listen as
management discusses fourth quarter and full year operating
developments.
Dial-In Numbers:
Within the U.S.
Within Canada
International
(877) 506-6399
(855) 669-9657
(412) 902-6699
Replay Numbers:
Within the U.S.
Within Canada
International
Replay Access Code
(877) 344-7529
(855) 669-9658
(412) 317-0088
4372128
Replay will be available from January 26, 2023, at 11:30 A.M.
Pacific Time/ 2:30 P.M. Eastern Time until February 26, 2023.
Information for the conference call and replay are provided on
the Investor Relations page at www.eastwestbank.com/investors.
Update to Fourth Quarter 2022 Tax Credit Amortization and
Effective Tax Rate
East West would also like to update its tax credit amortization
for the fourth quarter of 2022 to $65 million and its effective tax
rate to 13% for the same period, due to the timing of when some tax
credit investments closed and went into service. For the full year
2022, the effective tax rate will be 20%.
About East West
East West Bancorp, Inc. is a public company with total assets of
$62.6 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 China. The Company’s markets in the United States
include California, Georgia, Illinois, Massachusetts, Nevada, New
York, Texas and Washington. In China, East West’s presence includes
full-service branches in Hong Kong, Shanghai, Shantou and Shenzhen,
and representative offices in Beijing, Chongqing, Guangzhou, and
Xiamen. For more information on East West, visit the Company’s
website at www.eastwestbank.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230108005109/en/
INVESTOR RELATIONS CONTACTS: Irene Oh Chief Financial
Officer T: (626) 768-6360 E: irene.oh@eastwestbank.com
Julianna Balicka Director of Investor Relations and Corporate
Finance T: (626) 768-6985 E: julianna.balicka@eastwestbank.com
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