East-west Bancorp, Inc. (EWBC) Tops Q1 EPS by 5c, Raises FY EPS Guidance

East-west Bancorp, Inc. (NASDAQ: EWBC) reported Q1 EPS of $0.69, $0.05 better than the analyst estimate of $0.64. Revenue for the quarter came in at $0 versus the consensus estimate of $252.41 million.

East-west Bancorp, Inc. sees Q2 2015 EPS of $0.63-$0.65, versus the consensus of $0.65.

East-west Bancorp, Inc. sees FY2015 EPS of $2.64-$2.68, versus prior guidance of $2.60-$2.64 and the consensus of $2.64.

• This EPS guidance for the remainder of the 2015 year assumes:
• Federal funds target rate increases by 25 basis points in the fourth quarter of 2015
• An adjusted net interest margin ranging from 3.35% to 3.40% for the remainder of 2015
• Annualized loan growth of approximately 8.00%
• Provision for loan losses of approximately $5.0 million to $7.5 million per quarter
• Noninterest expense of approximately $132.0 million to $136.0 million per quarter
• An effective tax rate of 32%

For earnings history and earnings-related data on East-west Bancorp, Inc. (EWBC) click here.

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