East-west Bancorp (EWBC) Tops Q2 EPS by 2c

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Go back to East-west Bancorp (EWBC) Tops Q2 EPS by 2c

East West Bancorp Reports Net Income for Second Quarter 2016 of $103.3 Million, up 5% from Prior Year Quarter and Diluted Earnings Per Share of $0.71, up 4% from Prior Year Quarter

July 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 second quarter of 2016. For the second quarter of 2016, net income was $103.3 million or $0.71 per diluted share.

East West is pleased to report strong earnings of $103.3 million or $0.71 per diluted share for the second quarter of 2016, an increase in diluted earnings per share of $0.03 or 4% from the second quarter of 2015, stated Dominic Ng, Chairman and Chief Executive... More