earnings
confidence high
sentiment positive
materiality 0.75
East West Bancorp Q2 net income $258M, EPS $1.81; record NII $473M, NIM up 36bp to 3.23%
EAST WEST BANCORP INC
2022-Q2 EPS reported
$3.47
- Diluted EPS of $1.81, up 38% linked quarter annualized and 15% YoY; net income $258.3M.
- Record net interest income of $473M, up 55% linked quarter annualized; NIM expanded 36bp to 3.23%.
- Average total loans grew $2.5B to $44.6B with broad-based growth; noninterest-bearing demand deposits 44% of deposits.
- Adjusted pre-tax pre-provision income grew 62% linked quarter annualized to $370M; ROA 1.66%, ROE 18.2%.
- Total revenue $551M, up 45% linked quarter annualized and 24% YoY.