East West Bancorp: Q2 Earnings Snapshot

PASADENA, Calif. (AP) _ East West Bancorp Inc. (EWBC) on Thursday reported second-quarter earnings of $224.7 million.

The bank, based in Pasadena, California, said it had earnings of $1.57 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.

The bank holding company posted revenue of $467.8 million in the period. Its revenue net of interest expense was $444.9 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $430.2 million.

East West Bancorp shares have risen 39% since the beginning of the year. The stock has climbed 97% in the last 12 months.


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