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East West Bancorp: Q4 Earnings Snapshot

By AP News - Jan 26, 2023, 08:21 AM ET

Last Updated - Jun 23, 2023, 12:46 AM EDT

East West Bancorp: Q4 Earnings Snapshot

PASADENA, Calif. (AP) _ East West Bancorp Inc. (EWBC) on Thursday reported fourth-quarter profit of $336.8 million.

The Pasadena, California-based bank said it had earnings of $2.37 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.22 per share.

The bank holding company posted revenue of $826.1 million in the period. Its revenue net of interest expense was $670.4 million, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $654.2 million.

For the year, the company reported profit of $1.13 billion, or $7.92 per share. Revenue was reported as $2.34 billion.

_____

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

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