East West Bancorp Inc. (EWBC) reported first-quarter net income available to common stockholders of $66.37 million or $0.45 per share, up from $54.36 million or $0.37 per share in the same quarter of last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.43 per share for the quarter. Analysts' estimates typically exclude special items.
Earnings per share for the first quarter of 2012 was 22% higher than the prior year. This increase in earnings is reflective of healthy, profitable and prudent growth in our loan and deposit portfolios, which has resulted in a strong net interest margin of 4.21% and a reduced cost of deposits down to 0.47%.
Net interest income for the quarter rose to $218.92 million from $208.83 million in the prior year quarter. Non-interest income was $21.74 million, up from $11.04 million in year ago quarter.
The company expects earnings per share for the second quarter of 2012 to be in the range of $0.43 to $0.45 per share. Analysts expect the company to report earnings of $0.45 per share for the second-quarter.
The company currently estimates that earnings per share for the full year of 2012 will range from $1.78 to $1.82, or an increase of 11% to 14% from 2011. Also, this updated guidance for the full year 2012 is an increase of $0.04 per share from its previous guidance. Analysts expect the company to report earnings of $1.83 per share for fiscal 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.