East-West Bancorp (EWBC) Tops Q2 EPS by 18c
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East West Bancorp Reports Net Income for Second Quarter 2021 of $225 Million and Diluted Earnings Per Share Of $1.57
July 22, 2021 8:00 AM EDTPASADENA, 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 second quarter of 2021. Net income for the second quarter of 2021 was $224.7 million, or $1.57 per diluted share. Second quarter 2021 return on average assets was 1.56% and return on average equity was 16.6%.
East West had a very strong quarter of robust growth, expanding profitability and improving asset quality, stated Dominic Ng, Chairman and Chief Executive Officer of East West. As of June 30, 2021, our total loans reached a record $40.1... More
