External reports (aggregated public sources), Value Investors Club

Value Investors Club

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External reports (aggregated public sources)

Equity Bottom-Up

Key points<ul><li>Short shares of EWBC, a medium-sized regional bank serving the Chinese/Asian expat community</li><li>Trading at 1.5x price/TBV with compression in NIM and increased deposit costs</li><li>Concerns about CRE exposure, uninsured deposits, investments in China/HK, and creditworthiness due to uniquely correlated customer base and soft guidance from management</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key pointsShort shares of EWBC, a medium-sized regional bank serving the Chinese/Asian expat communityTrading at 1.5x price/TBV with compression in NIM and increased deposit costsConcerns about CRE exposure, uninsured deposits, investments in China/HK, and creditworthiness due to uniquely correlated customer base and soft guidance from managementThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

East West Bancorp Inc (EWBC) - Tuesday, Feb 6, 2024