East-West Bancorp (EWBC) Tops Q1 EPS by 12c
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East West Bancorp Reports Net Income for First Quarter of 2023 of $322 Million and Diluted Earnings Per Share of $2.27, Up 37% Year-Over-Year
April 20, 2023 8:00 AM EDTPASADENA, 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 first quarter of 2023. First quarter 2023 net income was $322.4 million, or $2.27 per diluted share, up from $237.7 million, or $1.66 per diluted share in the prior year period. Year-over-year, earnings per share increased 37%. Total loans reached a record $48.9 billion as of March 31, 2023.
East Wests ability to consistently generate industry-leading profitability while maintaining above peer capital ratios are strengths in any business cycle. East West continued to deliver in... More
