East-West Bancorp (EWBC) Tops Q2 EPS by 11c

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Go back to East-West Bancorp (EWBC) Tops Q2 EPS by 11c

East West Bancorp Reports Net Income for Second Quarter 2022 of $258 Million and Diluted Earnings Per Share of $1.81; Record Net Interest Income of $473 Million

July 21, 2022 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 second quarter of 2022. Second quarter 2022 net income was $258.3 million, or $1.81 per diluted share; diluted earnings per share grew 38% linked quarter annualized and 15% year-over-year.

East Wests outstanding results for the second quarter demonstrate the strengths of our business model. Total revenue for the second quarter was $551 million, or an increase of 45% linked quarter annualized, driven by strong growth in net interest income and stable fee income.... More