East-West Bancorp (EWBC) Tops Q3 EPS by 3c
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East West Bancorp Reports Net Income for Third Quarter 2018 of $171 Million and Diluted Earnings Per Share of $1.17, Both Up By 29% Year-Over-Year
October 18, 2018 8:00 AM EDTPASADENA, Calif.--(BUSINESS WIRE)-- East West Bancorp, Inc. (East West or the Company) (Nasdaq: EWBC), parent company of East West Bank, the financial bridge between the United States and Greater China, today reported its financial results for the third quarter of 2018. For the third quarter of 2018, net income was $171 million, or $1.17 per diluted share, up by 29% year-over-year compared to $133 million, or $0.91 per diluted share, for the third quarter of 2017. Third quarter 2018 return on average assets of 1.76%, return on average equity of 16.2% and return on average tangible1 equity of 18.5% were all up significantly year-over-year.
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