East West Bancorp Q1 net income $322M, diluted EPS $2.27 (+37% YoY); loans hit record $48.9B

EAST WEST BANCORP INC

2023-Q1 EPS reported $2.27

Q1 net income $322.4M ($2.27 diluted EPS), up 37% YoY from $1.66.
Total loans reached record $48.9B, up 12.5% YoY; net interest margin 3.96%.
Return on avg assets 2.01%, ROATCE 22.94%; net charge-offs annualized 0.01%.
Total deposits $54.7B, down slightly; total capital ratio expanded to 14.5%.
CEO cited industry-leading profitability and strong capital despite market disruption.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EAST WEST BANCORP INC reported the first quarter of 2023 results: net income $322.4 million, EPS $2.27 per diluted share.

Period: the first quarter of 2023
Net income: $322.4 million
EPS: $2.27 per diluted share
Result: reported results

Exact text from the filing

First quarter 2023 net income was $322.4 million, or $2.27 per diluted share, up from $237.7 million, or $1.66 per diluted share in the prior year period.

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Source: SEC EDGAR

accession 0001069157-23-000038

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