East West Bancorp Q4 Adjusted Earnings, Revenue Rise; Share Buyback, Dividend Boosted

MT Newswires Live
01-24

East West Bancorp (EWBC) reported Q4 adjusted diluted earnings late Thursday of $2.08, up from $2 a year earlier.

Analysts polled by FactSet expected $2.12.

Revenue in the three months ended Dec. 31, expressed as a sum of total net interest income and noninterest income, rose to $675.8 million from $654.7 million a year earlier.

Analysts surveyed by FactSet expected $659.1 million.

The company increased its share buyback authorization by $300 million and boosted the dividend by 9%.

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