PASADENA, Calif. (AP) — PASADENA, Calif. (AP) — East West Bancorp Inc. (EWBC) on Tuesday reported first-quarter earnings of $357.8 million.
The Pasadena, California-based bank said it had earnings of $2.57 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.46 per share.
The bank holding company posted revenue of $1.16 billion in the period. Its revenue net of interest expense was $773.7 million, which also topped Street forecasts. Five analysts surveyed by Zacks expected $754.6 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
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