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Stock impact report

East West Bancorp Reports Net Income for First Quarter 2020 of $145 Million and Diluted Earnings Per Share Of $1.00

East West Bancorp, Inc. (EWBC) 
Last east west bancorp, inc. earnings: 4/23 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: eastwestbank.com
Company Research Source: Business Wire
PASADENA, Calif.--(BUSINESS WIRE)--East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, the financial bridge between the United States and Greater China, today reported its financial results for the first quarter of 2020. For the first quarter of 2020, net income was $144.8 million or $1.00 per diluted share. First quarter 2020 return on average assets was 1.30% and return on average equity was 11.6%.“In these unprecedented times, East West Bank has a clear focus – to support our customers and communities by being a source of strength and stability. We have taken actions to ensure the safety and well-being of our customers and associates, especially those on the front-line, by modifying working arrangements and protocols. Despite the many challenges and the volatile economic and market conditions resulting from the worldwide efforts to combat COVID-19, all of our 3,200 associates at East West stand ready and able to help our comm Show less Read more
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