East West Bancorp reported a strong second quarter with robust growth, expanding profitability, and improving asset quality. Total loans reached a record $40.1 billion, and total deposits reached a record $52.6 billion. Net income for the second quarter of 2021 was $224.7 million, or $1.57 per diluted share.
Total loans reached a record $40.1 billion as of June 30, 2021.
Total deposits reached a record $52.6 billion as of June 30, 2021.
Noninterest-bearing demand deposits reached 41% of total deposits as of June 30, 2021.
Criticized loans fell by 15% quarter-over-quarter.
East West is positive about their outlook for the rest of the year and are well poised to help their communities and customers thrive as the economy expands.
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