Key Developments: East West Bancorp Inc (EWBC.O)

EWBC.O on Nasdaq

34.47USD
21 Aug 2014
Price Change (% chg)

$0.47 (+1.40%)
Prev Close
$34.00
Open
$34.00
Day's High
$34.63
Day's Low
$33.85
Volume
461,365
Avg. Vol
555,130
52-wk High
$38.26
52-wk Low
$28.38

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Latest Key Developments (Source: Significant Developments)

East West Bancorp Inc raises FY 2014 EPS guidance; gives Q3 2014 EPS guidance in line with analysts' estimates
Wednesday, 16 Jul 2014 05:16pm EDT 

East West Bancorp Inc:Provides guidance for Q3 2014 and FY 2014.Estimates fully diluted earnings per share for FY 2014 will range from $2.29 to $2.33.Estimates that fully diluted earnings per share for Q3 2014 will range from $0.58 to $0.60.FY 2014 EPS of $2.33 - Thomson Reuters I/B/E/S.Q3 2014 EPS of $0.59 - Thomson Reuters I/B/E/S.  Full Article

East West Bancorp Inc declares third quarter dividend
Wednesday, 16 Jul 2014 05:16pm EDT 

East West Bancorp Inc:Declares third quarter dividend of $0.18.Payable on or about Aug. 15 to shareholders of record on Aug. 1.  Full Article

East West Bancorp Inc declares Q2 dividend
Wednesday, 16 Apr 2014 05:50pm EDT 

East West Bancorp Inc:Declared Q2 dividends of $0.18 for common stocks.Payment on or about May 19.Record date on May 2.  Full Article

East West Bancorp raises FY 2014 EPS guidance; gives Q2 2014 EPS guidance in line with analysts' estimates
Wednesday, 16 Apr 2014 05:50pm EDT 

East West Bancorp Inc:Estimates fully diluted earnings per share for FY 2014 will range from $2.27 to $2.31.Estimates fully diluted earnings per share for Q2 2014 will range from $0.56 to $0.58.FY 2014 EPS of $2.28 - Thomson Reuters I/B/E/S.Q2 2014 EPS of $0.57 - Thomson Reuters I/B/E/S.  Full Article

East West Bancorp Inc gives Q1, FY 2014 EPS guidance below analysts' estimates
Wednesday, 22 Jan 2014 05:23pm EST 

East West Bancorp Inc:Says FY 2014 fully diluted earnings per share to range from $2.24 to $2.28.Says Q1 2014 fully diluted earnings per share to range from $0.49 to $0.51.FY 2014 EPS of $2.31 - Thomson Reuters I/B/E/S.Q1 2014 EPS of $0.54 - Thomson Reuters I/B/E/S.  Full Article

East West Bancorp Inc declares first quarter dividend
Wednesday, 22 Jan 2014 05:23pm EST 

East West Bancorp Inc:Says it has declared first quarter dividends for the common stock.Says the common stock cash dividend of $0.18 is payable on or about Feb. 18, 2014 to shareholders of record on Feb. 3, 2014.Says represents an increase of $0.03 per share, or a 20 pct increase from the prior quarterly dividend of $0.15 per share.  Full Article

East West Bancorp Inc closes MetroCorp Bancshares Inc acquisition
Friday, 17 Jan 2014 08:30pm EST 

East West Bancorp Inc:Says it has completed the acquisition of MetroCorp Bancshares Inc, parent of MetroBank, N.A. and Metro United Bank, as of the close of business Jan. 17.Says the final consideration paid in the acquisition of MetroCorp was $268.0 mln, comprised of 5.6 mln shares of East West Bancorp common stock and $89.3 mln in cash.Says under the terms of the merger agreement, announced Sept. 18, 2013, MetroCorp shareholders are receiving two thirds of the merger consideration in East West Bancorp stock and one third in cash.Says this translates to 0.2985 shares of East West Bancorp stock and $4.78 in cash per MetroCorp shareholder, subject to cash in lieu of fractional shares.  Full Article

East West Bancorp Inc Declares Fourth Quarter Dividend
Wednesday, 16 Oct 2013 05:02pm EDT 

East West Bancorp Inc announced that its Board of Directors has declared fourth quarter dividends for the common stock. The common stock cash dividend of $0.15 is payable on or about November 15, 2013 to shareholders of record on October 31, 2013.  Full Article

East West Bancorp Inc Raises FY 2013 EPS Guidance; Issues Q4 2013 EPS Guidance In Line With Analysts' Estimates
Wednesday, 16 Oct 2013 05:02pm EDT 

East West Bancorp Inc announced that for fiscal 2013, it expects fully diluted earnings per share (EPS) to range from $2.09 to $2.11. For the fourth quarter of 2013, it expects diluted earnings per share to range from $0.53 to $0.55. According to I/B/E/S Estimates, analysts on an average are expecting the Company to EPS of $2.10 for fiscal 2013 and EPS of $0.54 for the fourth quarter of 2013.  Full Article

East West Bancorp Inc And Metrocorp Bancshares Inc Enter into Definitive Agreement For Merger
Wednesday, 18 Sep 2013 05:00pm EDT 

East West Bancorp, Inc. and MetroCorp Bancshares, Inc. announced that they have entered into a definitive agreement for the merger of MetroCorp into East West. MetroCorp operates 18 branches under its two subsidiary banks, MetroBank and Metro United Bank. MetroBank operates 12 branches in Houston and Dallas, and Metro United Bank operates 6 branches in Los Angeles, San Francisco and San Diego. Under the terms of the definitive agreement, East West will acquire the outstanding shares of MetroCorp for the lesser of $14.60 per share and 1.72 times the per share tangible equity, as adjusted, for an aggregate purchase price of approximately $273 million based on the 18,699,638 shares currently outstanding. The shareholders of MetroCorp will receive two thirds of the merger consideration in shares of East West common stock and the remainder in cash. The transaction, which has been unanimously approved by the East West and MetroCorp Boards of Directors, is expected to be completed during the first quarter of 2014, although delays may occur. Sandler O`Neill + Partners, L.P. delivered a fairness opinion to the Board of Directors of MetroCorp. Bracewell & Giuliani LLP served as legal counsel to MetroCorp. RBC Capital Markets delivered a fairness opinion to the Board of Directors of East West. Manatt, Phelps & Phillips, LLP served as legal counsel to East West.  Full Article

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