East West Bancorp Q2 revenue beats, EPS up
EWBC•Outlook
- Company did not provide specific guidance or forecasts for the current or future periods
Overview
- U.S. regional bank's Q2 revenue rose 12% yr/yr, beating analyst expectations
- Diluted EPS for Q2 increased 18% yr/yr
- Company cites balanced growth in loans and deposits, record net interest income
Result drivers
- Loan and deposit growth - Co said record loans and deposits drove results, supported by its relationship-focused strategy
- Noninterest deposit growth - Significant increase in noninterest-bearing deposits contributed to performance, per CEO Dominic Ng
- Disciplined execution - Disciplined execution and stable credit performance supported above-peer returns, according to CEO Dominic Ng
Key details and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $791 mln | $718.25 mln (13 Analysts) |
| Q2 EPS | $2.63 |
