East West Bancorp, Inc. Earns #1 Spot in S&P Global Market Intelligence Ranking
30 March 2023 - 06:13AM
Business Wire
S&P Global Market Intelligence Ranks East
West Bancorp Inc. Best Performing U.S. Public Bank in 2022
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.
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Janie Beaman Janie.beaman@eastwestbank.com
East West Bancorp (NASDAQ:EWBC)
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