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Jun 30, 2022
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.
East West Bancorp
East West Bancorp
Forward Guidance
No specific forward guidance was provided in the document.