East West Bancorp, Inc. (EWBC) Wednesday reported first-quarter profit of $72.09 million, up from $68.08 million in the same period last year.
Net income available to common shareholders improved to $70.38 million or $0.50 per share from $66.37 million or $0.45 per share last year.
On average, 16 analysts polled by Thomson Reuters expected the company to earn $0.49 per share for the quarter. Analysts' estimates typically exclude special items.
Net interest income decreased to $209.29 million from $218.92 million last year. Adjusted net-interest income was $184.62 million, compared to $204.21 million last year. Adjusted net-interest margin was $3.62 percent.
Non-interest income for the quarter was a negative $2.10 million, compared to $21.74 million last year.
Looking ahead to the second quarter, the company has forecast earnings in the range of $0.50 to $0.51 per share. Analysts' currently expect second-quarter earnings of $0.51 per share.
For the fiscal year 2013, the management reaffirmed its earnings guidance range of $2.00 to $2.04 per share. Analysts, currently expect the company to report full-year earnings of $2.04 per share.
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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.