East-West Bancorp (EWBC) Tops Q4 EPS by 12c
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East West Bancorp Reports Record Net Income for Full Year 2022 of $1.1 Billion and Record Diluted Earnings Per Share of $7.92; Increases Dividend By 20%
January 26, 2023 8:00 AM ESTÂ
PASADENA, Calif.--(BUSINESS WIRE)-- East West Bancorp, Inc. (East West or the Company) (Nasdaq: EWBC), parent company of East West Bank, reported its financial results for the full year and fourth quarter of 2022. Full year 2022 net income was a record $1.1 billion, or $7.92 per diluted share, which grew 30% year-over-year. Fourth quarter 2022 net income was $336.8 million, or $2.37 per diluted share, which grew 56% year-over-year. Total loans reached a record $48.2 billion as of December 31, 2022, up 16% year-over-year, and total deposits grew to a record $56.0 billion, up 5% from a year ago.
2023 marks... More
