earnings
confidence high
sentiment positive
materiality 0.75
East West Bancorp Q1 net income $238M, EPS $1.66; record loans $43.5B and deposits $54.9B
EAST WEST BANCORP INC
2022-Q1 EPS reported
$1.66
- Net income $237.7M, diluted EPS $1.66, up 37% linked quarter annualized and 16% YoY.
- Net interest margin expanded 14 bps to 2.87%; adjusted pre-tax pre-provision income $320.3M.
- Total loans reached record $43.5B; excluding PPP, grew $2.0B (20% annualized linked quarter).
- Total deposits record $54.9B, up $1.6B (12% annualized); demand deposits 45% of deposits.
- Return on assets 1.56% (+17 bps), return on equity 16.5% (+157 bps) sequentially.