East West Bancorp (NASDAQ:EWBC) reported its Q2 2019 financial results, and most of them were in line with the estimates. The company has reported its adjusted EPS to be $1.24. This figure was in line with the Zacks Consensus Estimate. When compared to the previous year’s result, the figure went up by 5.1%. The earnings year-over-year growth can be attributed to the increasing revenues as well as continuous improvement in loans and deposits.
The company has reported its net income at $150.4m. This figure decreased by 12.7% when compared to the previous year’s quarter. Net revenues came out at $420.1m which surpassed the Zacks Consensus Estimate of $416.4m. The current figure represented a gain of 7.7%
Shares of East West Bancorp stock gained 5.2% after the company released its Q2 2019 financial results.
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