East West Bancorp Q3 2023 Earnings Report

Reported a net income of $288 million and diluted earnings per share of $2.02, driven by record third quarter revenue and net interest income.

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.