East West Bancorp Q4 Profit Rises - Quick Facts

(RTTNews) - East West Bancorp, Inc. (EWBC), parent company of East West Bank, reported fourth-quarter net income of $93.00 million or $0.65 per share, compared to $75.78 million or $0.55 per share, prior year.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.65 for the quarter. Analysts' estimates typically exclude special items.

Net interest income after provision for loan losses totalled $240.49 million, compared to $259.54 million, last year. Total noninterest income was $7.81 million, for the quarter. Analysts expected revenue of $246.25 million for the quarter.

The company expects earnings per share for the full year of 2015 will range from $2.60 to $2.64. Analysts expect the company to report full year earnings per share of $2.62.

The company currently estimates earnings per share for the first quarter of 2015 will range from $0.63 to $0.65. Analysts expect the company to report first-quarter earnings per share of $0.61.