East-West Bancorp (EWBC) Tops Q3 EPS by 6c
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East West Bancorp Reports Net Income for Third Quarter 2021 of $225 Million and Diluted Earnings Per Share Of $1.57
October 21, 2021 8:00 AM EDTPASADENA, Calif.--(BUSINESS WIRE)-- East West Bancorp, Inc. (East West or the Company) (Nasdaq: EWBC), parent company of East West Bank, today reported its financial results for the third quarter of 2021. Third quarter 2021 net income was $225.4 million, or $1.57 per diluted share; return on average assets was 1.46%, and return on average equity was 15.75%.
This was another quarter of outstanding results. Our total loans reached a record $40.5 billion as of September 30, 2021. Loans grew by 11% annualized from June 30, 2021, and by 11% from September 30, 2020, excluding the impact of the Paycheck Protection Program. This growth has come from... More
