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Side-by-side financial comparison of EAST WEST BANCORP INC (EWBC) and FIRST NATIONAL CORP (FXNC). Click either name above to swap in a different company.

EAST WEST BANCORP INC is the larger business by last-quarter revenue ($775.0M vs $3.5M, roughly 222.8× FIRST NATIONAL CORP). FIRST NATIONAL CORP runs the higher net margin — 158.2% vs 46.2%, a 112.0% gap on every dollar of revenue. On growth, EAST WEST BANCORP INC posted the faster year-over-year revenue change (2.1% vs -46.3%). Over the past eight quarters, EAST WEST BANCORP INC's revenue compounded faster (18.4% CAGR vs 17.0%).

East West Bank is an American bank that is the primary subsidiary of East West Bancorp. It is the largest publicly traded bank headquartered in Southern California. The company has been ranked the #1 performing U.S. bank with more than $10 billion in assets by S&P Global Market Intelligence, and the top performing bank in its asset size by Bank Director for three straight years since 2023.

VA Tech Wabag Ltd. is an Indian multinational company focussed on desalination and water treatment for municipal and industrial users. Founded in Breslau in 1924, the company is headquartered in Chennai.

EWBC vs FXNC — Head-to-Head

Bigger by revenue
EWBC
EWBC
222.8× larger
EWBC
$775.0M
$3.5M
FXNC
Growing faster (revenue YoY)
EWBC
EWBC
+48.4% gap
EWBC
2.1%
-46.3%
FXNC
Higher net margin
FXNC
FXNC
112.0% more per $
FXNC
158.2%
46.2%
EWBC
Faster 2-yr revenue CAGR
EWBC
EWBC
Annualised
EWBC
18.4%
17.0%
FXNC

Income Statement — Q1 2026 vs Q4 2025

Metric
EWBC
EWBC
FXNC
FXNC
Revenue
$775.0M
$3.5M
Net Profit
$358.0M
$5.5M
Gross Margin
Operating Margin
Net Margin
46.2%
158.2%
Revenue YoY
2.1%
-46.3%
Net Profit YoY
0.4%
689.9%
EPS (diluted)
$2.57
$0.60

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EWBC
EWBC
FXNC
FXNC
Q1 26
$775.0M
Q4 25
$657.8M
$3.5M
Q3 25
$677.5M
$4.1M
Q2 25
$617.1M
$3.4M
Q1 25
$600.2M
$3.3M
Q4 24
$587.6M
$6.5M
Q3 24
$572.7M
$2.7M
Q2 24
$553.2M
$2.5M
Net Profit
EWBC
EWBC
FXNC
FXNC
Q1 26
$358.0M
Q4 25
$356.3M
$5.5M
Q3 25
$368.4M
$5.5M
Q2 25
$310.3M
$5.1M
Q1 25
$290.3M
$1.6M
Q4 24
$293.1M
$-933.0K
Q3 24
$299.2M
$2.2M
Q2 24
$288.2M
$2.4M
Operating Margin
EWBC
EWBC
FXNC
FXNC
Q1 26
Q4 25
71.0%
Q3 25
68.6%
Q2 25
65.2%
Q1 25
65.2%
57.9%
Q4 24
60.6%
-29.0%
Q3 24
68.0%
Q2 24
65.9%
Net Margin
EWBC
EWBC
FXNC
FXNC
Q1 26
46.2%
Q4 25
54.2%
158.2%
Q3 25
54.4%
135.1%
Q2 25
50.3%
147.3%
Q1 25
48.4%
48.8%
Q4 24
49.9%
-14.4%
Q3 24
52.2%
84.7%
Q2 24
52.1%
97.3%
EPS (diluted)
EWBC
EWBC
FXNC
FXNC
Q1 26
$2.57
Q4 25
$2.55
$0.60
Q3 25
$2.65
$0.62
Q2 25
$2.24
$0.56
Q1 25
$2.08
$0.18
Q4 24
$2.10
$-0.26
Q3 24
$2.14
$0.36
Q2 24
$2.06
$0.39

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EWBC
EWBC
FXNC
FXNC
Cash + ST InvestmentsLiquidity on hand
$160.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$9.0B
$186.2M
Total Assets
$82.9B
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EWBC
EWBC
FXNC
FXNC
Q1 26
Q4 25
$4.2B
$160.9M
Q3 25
$4.7B
$189.3M
Q2 25
$4.4B
$194.3M
Q1 25
$3.4B
$206.0M
Q4 24
$5.3B
$162.9M
Q3 24
$4.9B
$126.5M
Q2 24
$4.4B
$135.6M
Total Debt
EWBC
EWBC
FXNC
FXNC
Q1 26
Q4 25
$35.6M
Q3 25
$35.7M
Q2 25
$35.8M
Q1 25
$35.9M
Q4 24
$36.0M
Q3 24
$36.1M
Q2 24
$36.1M
Stockholders' Equity
EWBC
EWBC
FXNC
FXNC
Q1 26
$9.0B
Q4 25
$8.9B
$186.2M
Q3 25
$8.6B
$181.2M
Q2 25
$8.2B
$173.5M
Q1 25
$7.9B
$168.7M
Q4 24
$7.7B
$166.5M
Q3 24
$7.7B
$125.1M
Q2 24
$7.2B
$119.9M
Total Assets
EWBC
EWBC
FXNC
FXNC
Q1 26
$82.9B
Q4 25
$80.4B
$2.0B
Q3 25
$79.7B
$2.0B
Q2 25
$78.2B
$2.0B
Q1 25
$76.2B
$2.0B
Q4 24
$76.0B
$2.0B
Q3 24
$74.5B
$1.5B
Q2 24
$72.5B
$1.5B
Debt / Equity
EWBC
EWBC
FXNC
FXNC
Q1 26
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.01×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EWBC
EWBC
FXNC
FXNC
Operating Cash FlowLast quarter
$8.4M
Free Cash FlowOCF − Capex
$6.9M
FCF MarginFCF / Revenue
199.4%
Capex IntensityCapex / Revenue
43.3%
Cash ConversionOCF / Net Profit
1.53×
TTM Free Cash FlowTrailing 4 quarters
$20.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EWBC
EWBC
FXNC
FXNC
Q1 26
Q4 25
$713.4M
$8.4M
Q3 25
$231.7M
$8.4M
Q2 25
$278.7M
$4.7M
Q1 25
$277.9M
$3.5M
Q4 24
$500.1M
$-36.7M
Q3 24
$386.1M
$6.1M
Q2 24
$259.2M
$3.6M
Free Cash Flow
EWBC
EWBC
FXNC
FXNC
Q1 26
Q4 25
$6.9M
Q3 25
$6.8M
Q2 25
$4.1M
Q1 25
$3.0M
Q4 24
$-37.8M
Q3 24
$4.9M
Q2 24
$3.0M
FCF Margin
EWBC
EWBC
FXNC
FXNC
Q1 26
Q4 25
199.4%
Q3 25
166.4%
Q2 25
120.0%
Q1 25
92.9%
Q4 24
-583.7%
Q3 24
186.1%
Q2 24
118.7%
Capex Intensity
EWBC
EWBC
FXNC
FXNC
Q1 26
Q4 25
43.3%
Q3 25
39.0%
Q2 25
17.2%
Q1 25
14.7%
Q4 24
17.5%
Q3 24
45.4%
Q2 24
26.0%
Cash Conversion
EWBC
EWBC
FXNC
FXNC
Q1 26
Q4 25
2.00×
1.53×
Q3 25
0.63×
1.52×
Q2 25
0.90×
0.93×
Q1 25
0.96×
2.21×
Q4 24
1.71×
Q3 24
1.29×
2.73×
Q2 24
0.90×
1.49×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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