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East West Bancorp: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

PASADENA, Calif. (AP) — PASADENA, Calif. (AP) — East West Bancorp Inc. (EWBC) on Tuesday reported second-quarter profit of $288.2 million.

The Pasadena, California-based bank said it had earnings of $2.06 per share. Earnings, adjusted for one-time gains and costs, came to $2.07 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.97 per share.

The bank holding company posted revenue of $1.12 billion in the period. Its revenue net of interest expense was $637.9 million, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $634.6 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EWBC at https://www.zacks.com/ap/EWBC