East West Bancorp Posts Record Q3 with EPS of $2.76 and Revenue of $823M, Both Topping Estimates

East West Bancorp reported a record-breaking third quarter, with net income of $382 million and GAAP earnings per share of $2.76, beating analyst expectations by $0.05. Revenue came in at $823 million, surpassing the consensus estimate by approximately $11.93 million. Both figures marked an increase from the same period a year earlier.

Chairman and CEO Dominic Ng described the results as another record-breaking quarter for the bank. The beats on both the top and bottom lines signal continued momentum for the Los Angeles-based lender, which focuses on serving the Chinese-American and broader Asian-American communities as well as businesses engaged in trade between the United States and Greater China.