earnings
confidence high
sentiment positive
materiality 0.80
East West Bancorp Q2 net income $224.7M, EPS $1.57; loans $40.1B, deposits $52.6B
EAST WEST BANCORP INC
2021-Q2 EPS reported
$3.01
- Net income $224.7M ($1.57 diluted EPS); ROAA 1.56%, ROAE 16.6%.
- Total loans record $40.1B; total deposits record $52.6B with 41% noninterest-bearing demand deposits.
- Adjusted pre-tax pre-provision income grew 33% annualized QoQ; adjusted PTPP profitability 2.0%.
- Asset quality improved: criticized loans -15% QoQ, net charge-offs 0.13%, NPA ratio 0.38%.
- Negative $15M provision for credit losses; PPP-excluded loans grew 12% annualized.