East West Bancorp Q4 Profit Meets Estimate - Quick Facts

(RTTNews) - East West Bancorp, Inc. (EWBC) Wednesday reported fourth-quarter net income of $75.8 million or $0.55 per share, compared to $70.2 million or $0.49 per share in the same period last year.

Analysts polled by Thomson Reuters expected the company to earn $0.55 per share. Analysts' estimates typically exclude special items.

Net-interest income dropped to $265.0 million or $244.9 million last year. Non-interest loss was $36.6 million, compared to a negative $18.5 million last year.

Looking ahead to the first quarter, the company has forecast earnings in the range of $0.49 to $0.51 per share. Analysts currently expect the company to earn $0.54 per share for the quarter.

For the fiscal 2014, the company has forecast earnings in a range of $2.24 to $2.28 per share. Analysts currently expect full-year earnings of $2.31 per share.