earnings
confidence high
sentiment positive
materiality 0.75
East West Bancorp Q3 2021 net income $225M, EPS $1.57; loans and deposits at records
EAST WEST BANCORP INC
2021-Q3 EPS reported
$4.58
- Net income $225.4M, diluted EPS $1.57; ROAA 1.46%, ROAE 15.75%.
- Total loans (ex-PPP) grew 11% annualized QoQ to $39.7B; total deposits up 28% YoY to $53.4B.
- Noninterest-bearing deposits reached 43% of total vs 36% a year ago; revenue up 24% YoY.
- Adjusted pre-tax pre-provision income $302M, up 26% annualized QoQ and 78% YoY.
- Return on average tangible equity 17.25%; strong expense discipline maintained.