East West Bancorp Reports Net Income for Second Quarter 2020 of $99.4 Million and Diluted Earnings Per Share Of $0.70

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Go back to East West Bancorp Reports Net Income for Second Quarter 2020 of $99.4 Million and Diluted Earnings Per Share Of $0.70

UPDATE: East-West Bancorp (EWBC) Misses Q2 EPS by 6c

July 23, 2020 8:05 AM EDT

(Updated - July 23, 2020 8:05 AM EDT)

East-West Bancorp (NASDAQ: EWBC) reported Q2 EPS of $0.70, $0.06 worse than the analyst estimate of $0.76. Revenue for the quarter came in at $343.8 million versus the consensus estimate of $343.97 million.

East West is steadfast in its commitment to support our existing and new customers and the communities we operate in. Despite the challenges presented by adapting to the COVID-19 pandemic, total loans grew $1.3 billion, or 15% annualized, to a record $37.2 billion as of June 30, 2020 from $35.9 billion... More