East-West Bancorp (EWBC) Tops Q1 EPS by 20c

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Go back to East-West Bancorp (EWBC) Tops Q1 EPS by 20c

East West Bancorp Reports Net Income for First Quarter 2021 of $205 Million and Diluted Earnings Per Share of $1.44

April 22, 2021 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, today reported its financial results for the first quarter of 2021. Net income for the first quarter of 2021 was $205.0 million, or $1.44 per diluted share. First quarter 2021 return on average assets was 1.50% and return on average equity was 15.6%.

East West had a strong start to 2021. In the first quarter, our loans and deposits grew at a robust pace, our revenue and profitability expanded, and credit quality was stable, resulting in net income growth of 25%... More