East-West Bancorp (EWBC) Raises Quarterly Dividend 19.6% to $0.275; 2.1% Yield

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Go back to East-West Bancorp (EWBC) Raises Quarterly Dividend 19.6% to $0.275; 2.1% Yield

East West Bancorp Reports Net Income for First Quarter 2019 of $164 Million and Diluted Earnings Per Share of $1.12, Increases Quarterly Dividend by 20%

April 18, 2019 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 first quarter of 2019. For the first quarter of 2019, net income was $164.0 million or $1.12 per diluted share. First quarter 2019 return on average assets was 1.63% and return on average equity was 14.7%.

We started off the year with solid balance sheet growth. Our total assets reached a record $42.1 billion. Total loans grew $478 million, or 6% annualized, to a record $32.9... More