East-West Bancorp (EWBC) Tops Q1 EPS by 7c; Guides FY16 EPS Above Views

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Go back to East-West Bancorp (EWBC) Tops Q1 EPS by 7c; Guides FY16 EPS Above Views

East West Bancorp Reports Net Income for First Quarter 2016 of $107.5 Million and Diluted Earnings Per Share of $0.74, Both Up 17% from Prior Quarter

April 20, 2016 5:00 PM EDT

PASADENA, Calif.--(BUSINESS WIRE)-- East West Bancorp, Inc. (East West or the Company) (Nasdaq: EWBC), parent company of East West Bank, the financial bridge between the United States and Greater China, today reported its financial results for the first quarter of 2016. For the first quarter of 2016, net income was $107.5 million or $0.74 per diluted share.

East West is pleased to report strong earnings of $107.5 million or $0.74 per diluted share for the first quarter of 2016, an increase in diluted earnings per share of $0.11 or 17% from the fourth quarter of 2015, stated Dominic Ng, Chairman and Chief Executive Officer of East... More