PASADENA, Calif. (AP) — PASADENA, Calif. (AP) — East West Bancorp Inc. (EWBC) on Tuesday reported second-quarter net income of $310.3 million.
The Pasadena, California-based bank said it had earnings of $2.24 per share. Earnings, adjusted for non-recurring costs, came to $2.28 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.23 per share.
The bank holding company posted revenue of $1.15 billion in the period. Its revenue net of interest expense was $703.3 million, also topping Street forecasts. Six analysts surveyed by Zacks expected $699 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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