East-West Bancorp (EWBC) Tops Q2 EPS by 9c

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Go back to East-West Bancorp (EWBC) Tops Q2 EPS by 9c

East West Bancorp Reports Net Income for Second Quarter 2018 of $172 Million and Diluted Earnings Per Share of $1.18

July 19, 2018 8:00 AM 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 2018. For the second quarter of 2018, net income was $172 million or $1.18 per diluted share.

Total loans grew $644 million, or 9% annualized, to a record $30.2 billion as of June 30, 2018 from $29.6 billion as of March 31, 2018, stated Dominic Ng, Chairman and Chief Executive Officer of East West. Total deposits grew $167 million, or 2% annualized, to a record $32.8 billion as... More