East West Bancorp Q3 2023 Earnings Report
Key Takeaways
East West Bancorp reported a net income of $288 million, or $2.02 per diluted share, for Q3 2023. The company achieved record quarterly revenue and net interest income. Total loans reached a record $50.9 billion as of September 30, 2023. The board of directors has approved a restart of the share repurchase program in the fourth quarter.
Net income for the third quarter of 2023 was $288 million, or $2.02 per diluted share.
Total loans reached a record $50.9 billion as of September 30, 2023.
Return on average assets was 1.66%, return on average common equity was 17.28%.
The board of directors has approved a restart of the share repurchase program in the fourth quarter.
East West Bancorp
East West Bancorp
Forward Guidance
East West Bank is on track for another year of record earnings for 2023, and the company looks forward to entering 2024 with strength.