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EWBC Latest Report

Earnings AnalystFriday, Jan 24, 2025 9:25 pm ET

1min read

EWBC --

Financial Report Performance

Based on the provided data, Ever Wealth Bancorp (EWBC) recorded a total operating revenue of RMB675,792,000 as of December 31, 2024, up from RMB654,737,000 as of December 31, 2023. The change in total operating revenue year-on-year reflects the company's improved performance in the market.

Key Financial Data

1. The total operating revenue of Ever Wealth Bancorp in 2024 was RMB675,792,000, up RMB21,055,000 from RMB654,737,000 in 2023, representing an increase of approximately 3.22%. This growth indicates a slight increase in the company's operating revenue, reflecting its enhanced competitiveness in the market.

2. Interest income net increased to RMB587,626,000 in 2024 from RMB574,834,000 in 2023, indicating an increase in the bank's interest income, possibly due to increased loan demand or higher interest rates.

3. Operating revenue increased from RMB327,239,000 to RMB355,824,000, indicating improved performance in the bank's core business.

4. If the total operating costs remain relatively stable or increase at a small rate, it could further enhance the growth rate of total operating revenue.

Peer Comparison

1. Industry-wide analysis: The overall financial industry experienced an increase in interest rates and a recovery in market demand in 2024, with many banks' operating revenues generally showing a growth trend. This positive industry-wide trend provided a good external environment for Ever Wealth Bancorp's revenue growth.

2. Peer evaluation analysis: Compared with other banks in the industry, Ever Wealth Bancorp's total operating revenue growth of 3.22% is at a medium level. Although the growth is not particularly outstanding, being able to achieve positive growth in the current economic environment is still a recognition of the company's operating capabilities.

Conclusion

Ever Wealth Bancorp achieved a slight increase in its total operating revenue in 2024, reflecting positive factors such as increased market demand and higher interest income. Although the growth is limited, the bank's performance is still commendable in the context of the overall positive trend in the financial industry.

Opportunities

1. Continued growth in market demand may provide Ever Wealth Bancorp with a more stable revenue source.

2. Higher interest rates will further boost the bank's interest income, thereby promoting overall revenue growth.

3. With improved performance in its core business, Ever Wealth Bancorp has the potential to further increase its operating revenue in the future.

Risks

1. If competition intensifies, it may put pressure on Ever Wealth Bancorp's operating revenue.

2. A decline in loan demand will affect the bank's interest income and, in turn, its overall operating revenue.

3. If cost control measures are not effectively implemented, operating costs may rise, eroding profits.

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