East-West Bancorp (EWBC) Tops Q1 EPS by 42c

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Go back to East-West Bancorp (EWBC) Tops Q1 EPS by 42c

East West Bancorp Reports Net Income for First Quarter 2017 of $169.7 Million and Diluted Earnings Per Share of $1.16, Both up 53% from the Prior Quarter

April 19, 2017 5:45 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 2017. For the first quarter of 2017, net income was $169.7 million or $1.16 per diluted share. First quarter 2017 return on average assets was 1.97%, return on average equity was 19.7% and return on average tangible1 equity was 23.2%.

East West had a strong start to the year. In the first quarter of 2017, total loans grew $1.0 billion or 15% annualized to a... More