Jan. 23 at 3:52 PM
$EWBC beats earnings but shares drop — what gives? 🤔
Q4 EPS of
$2.52 topped the Zacks Consensus Estimate, driven by higher net interest and non-interest income, as well as increased loan balances. Yet, higher non-interest expenses among other factors put a damper on the results, causing shares to fall 1.6% after hours.
Full earnings breakdown here 👉 https://www.zacks.com/stock/news/2822090/ewbc-stock-dips-despite-q4-earnings-beat-revenues-costs-rise-yy?cid=sm-stocktwits-2-2822090-body-30243&ADID=SYND_STOCKTWITS_TWEET_2_2822090_BODY_30243