East West Bancorp: Q1 Earnings Snapshot
PASADENA, Calif. (AP) _ East West Bancorp Inc. (EWBC) on Thursday reported first-quarter net income of $237.7 million.
The Pasadena, California-based bank said it had earnings of $1.66 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.
The bank holding company posted revenue of $511.8 million in the period. Its revenue net of interest expense was $495.4 million, also topping Street forecasts. Four analysts surveyed by Zacks expected $481.5 million.