East-West Bancorp (EWBC) Tops Q1 EPS by 14c

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Go back to East-West Bancorp (EWBC) Tops Q1 EPS by 14c

East West Bancorp Reports Net Income for First Quarter 2022 of $238 Million and Diluted Earnings Per Share of $1.66: Record Loans and Deposits

April 21, 2022 8:01 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 2022. For the first quarter of 2022, net income was $237.7 million, or $1.66 per diluted share, up 37% linked quarter annualized and up 16% year-over-year.

East West had an excellent start to the year. Financial results for the first quarter of 2022 were very strong, with an acceleration of loan and revenue growth, and a 14 basis point expansion in the net interest margin to 2.87%, stated Dominic Ng, Chairman... More