East-west Bancorp, Inc. (EWBC) Tops Q3 EPS by 6c, Guides Q4 In-Line

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East West Bancorp Reports Net Income for Third Quarter 2016 of $110 Million, and Diluted Earnings Per Share of $0.76, Both up 7% from Prior Quarter

October 19, 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 third quarter of 2016. For the third quarter of 2016, net income was $110.1 million or $0.76 per diluted share.

East West is pleased to report strong earnings of $110.1 million or $0.76 per diluted share for the third quarter of 2016, an increase in diluted earnings per share of $0.05 or 7% from the prior quarter and $0.11 or 17% from the third quarter of 2015, stated... More