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Jun 30, 2021
East West Bancorp Q2 2021 Earnings Report
Reported a net income of $225 million and diluted earnings per share of $1.57.
Key Takeaways
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 Bancorp
East West Bancorp
Forward Guidance
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.