East West Bancorp Inc. Reports 6% Increase in Total Revenue and $2.08 EPS for Q1 2025, Net Income at $290 Million

Reuters
10 Jun
East West Bancorp Inc. Reports 6% Increase in Total Revenue and $2.08 EPS for Q1 2025, Net Income at $290 Million

East West Bancorp Inc. has reported its financial results for the first quarter of 2025, highlighting a net income available to common equity of $290 million. The company achieved a diluted quarterly earnings per share of $2.08. Net interest income before provision for credit losses was reported at $600.2 million, compared to $587.6 million in the previous quarter and $565.1 million in the same quarter last year. The FTE net interest income before provision for credit losses was $601.3 million, up from $588.9 million in the previous quarter and $566.7 million in the same quarter last year. Total noninterest income increased to $92.1 million, from $88.2 million in the previous quarter and $78.5 million in the same quarter of the previous year. This contributed to a total revenue of $692.3 million, compared to $675.8 million in the prior quarter and $643.6 million in the same quarter last year. The total revenue on a fully taxable equivalent basis was $693.4 million, up from $677.1 million in the previous quarter and $645.2 million year-over-year. For the full year 2025, East West Bancorp Inc. expects net interest income and total revenue to trend above 6% year-over-year. The company anticipates end-of-period loans to grow in the range of 4% to 6% year-over-year. Total operating noninterest expenses are projected to increase by 7% to 9% year-over-year. The effective tax rate is expected to be approximately 23%, with amortization of tax credit and CRA investment expenses ranging between $70 to $80 million. Net charge-offs are expected to be in the range of 25 to 35 basis points.

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