PASADENA, Calif. (AP) — PASADENA, Calif. (AP) — East West Bancorp Inc. (EWBC) on Thursday reported fourth-quarter profit of $293.1 million.
The Pasadena, California-based bank said it had earnings of $2.10 per share. Earnings, adjusted for non-recurring gains, came to $2.08 per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.13 per share.
The bank holding company posted revenue of $1.15 billion in the period. Its revenue net of interest expense was $675.8 million, beating Street forecasts. Four analysts surveyed by Zacks expected $654.3 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EWBC at https://www.zacks.com/ap/EWBC
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