East-West Bancorp (EWBC) Tops Q4 EPS by 2c
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East West Bancorp Reports Record Net Income for Full Year 2018 of $704 Million and Diluted Earnings Per Share of $4.81, Both up by 39% from the Prior Year
January 24, 2019 8:00 AM ESTPASADENA, 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 fourth quarter and full year of 2018. For the fourth quarter of 2018, net income was $173.0 million or $1.18 per diluted share. For the full year 2018, net income was $703.7 million or $4.81 per diluted share.
Total loans reached a record $32.4 billion as of December 31, 2018, growing $3.3 billion, or 11% year-over-year, stated Dominic Ng, Chairman and Chief Executive Officer of East West. Total deposits... More
