EWBCEAST WEST BANCORP INC
State Commercial Banks
- Revenue
- —
- Operating margin
- —
- EBITDA
- —
- Market cap
- $18.8B
- Employees
- 3,350
- Net debt / EBITDA
- —
- −$5.1B net debt
- AI in 10-K
- 0.1
- mentions per 10K words
Takeover score 4 of 13
Fixable underperformance 1 of 7
- TSR below peersNo0 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$9M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo113% of net incomeCash flow under 80% of net income
- Dilutive SBCYes138% of revenueOver 10% of revenue
- Payouts exceed cash flowNo8% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo1% of assetsOver 40% of assets
- Shareholder dissentNo95% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeYes$17K · 15th pctBottom quartile of its SIC industry
- Quiet on AIYes0.1 per 10K words · 8th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$18.8B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$27M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Net income | $873M | $1.1B | $1.2B | $1.2B | $1.3B | 14% |
| Operating cash flow | $1.2B | $2.1B | $1.4B | $1.4B | $1.5B | 6.4% |
| Capex | $6M | — | — | — | — | |
| Stock-based comp | $33M | $38M | $40M | $46M | $76M | 67% |
| Buybacks | $0 | $100M | $82M | $143M | $116M | 19% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $27M · 26
- Net
- −$27M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $10M | $19M | 254 | 196 |
| FY2024 | $9M | $23M | 224 | 133 |
| FY2023 | $8M | $15M | 161 | 104 |
| FY2022 | $9M | $7M | 135 | 105 |
| FY2021 | $9M | $28M | 162 | 126 |