East West Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
January 24, 2019 at 01:00 pm
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East West Bancorp, Inc. announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced net interest income was USD 369.416 million compared to USD 319.701 million a year ago. Net income was USD 173.018 million compared to USD 84.898 million a year ago. Basic earnings per share was USD 1.19 compared to USD 0.59 a year ago. Diluted earnings per share was USD 1.18 compared to USD 0.58 a year ago. For the full year, net interest income was USD 1,386.508 million compared to USD 1,185.069 million a year ago. Net income was USD 703.701 million compared to USD 505.624 million a year ago. Basic earnings per share was USD 4.86 compared to USD 3.5 a year ago. Diluted earnings per share was USD 4.81 compared to USD 3.47 a year ago.
East West Bancorp, Inc. is a bank holding company that offers a full range of banking services to individuals and businesses through its subsidiary bank, East West Bank (the Bank). Its segments include Consumer and Business Banking, Commercial Banking and Other. The Consumer and Business Banking segment provides financial products and services to consumer and commercial customers through its domestic branch network and digital banking platforms. This segment also offers consumer and commercial deposits, mortgage and home equity loans, and other products and services. The Commercial Banking segment generates commercial loans and deposits. Commercial loan products include construction finance, commercial business lending, working capital lines of credit, trade finance, letters of credit and others. Commercial deposit products and other financial services include treasury management, foreign exchange services and others. It operates in over 120 locations in the United States and Asia.
EAST WEST BANCORP, INC. 
