East West Bancorp Q2 2022 Earnings Report

Net income of $258 million and diluted earnings per share of $1.81 were reported, with record net interest income of $473 million.

Key Takeaways

East West Bancorp reported strong financial results for Q2 2022, with net income of $258.3 million, or $1.81 per diluted share. Total revenue was $551 million, driven by strong growth in net interest income, which reached a record $473 million. The company's balance sheet is well-positioned for rising interest rates with average total loans increasing to $44.6 billion.

Net income for the second quarter 2022 was $258.3 million, or $1.81 per diluted share.

Total revenue for the second quarter was $551 million.

Net interest income increased to a record $473 million.

Average total loans increased $2.5 billion to $44.6 billion.