East West Bancorp: Q4 Earnings Snapshot

PASADENA, Calif. (AP) — PASADENA, Calif. (AP) — East West Bancorp Inc. (EWBC) on Thursday reported fourth-quarter net income 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 did not meet 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, which beat Street forecasts. Four analysts surveyed by Zacks expected $654.3 million.

For the year, the company reported profit of $1.17 billion, or $8.33 per share. Revenue was reported as $2.61 billion.

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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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