East West Bancorp Reports Net Income for Third Quarter 2019 of $171 Million and Diluted Earnings Per Share of $1.17; Record Operating Revenue of $421 Million

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Go back to East West Bancorp Reports Net Income for Third Quarter 2019 of $171 Million and Diluted Earnings Per Share of $1.17; Record Operating Revenue of $421 Million

East-West Bancorp (EWBC) Misses Q3 EPS by 3c

October 17, 2019 8:01 AM EDT

East-West Bancorp (NASDAQ: EWBC) reported Q3 EPS of $1.17, $0.03 worse than the analyst estimate of $1.20.

HIGHLIGHTS OF RESULTS

Third Quarter Earnings Third quarter 2019 net income was $171.4 million, up by 14% compared to second quarter 2019 net income of $150.4 million, but 5% lower than second quarter adjusted2 net income of $180.5 million. Third quarter 2019 diluted earnings per share (EPS) were $1.17, up by 14% compared to second quarter 2019 diluted EPS of $1.03, but 5% lower than second quarter adjusted2 EPS of $1.24.Net Interest Income and Net Interest Margin Third quarter 2019 net interest income (NII) was $369.8 million, a quarterly increase of $2.5 million or 1%, and a year-over-year... More