East West Bancorp Reports Advance In Q4 Income, Beats estimates

(RTTNews) - East West Bancorp (EWBC) reported earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $336.76 million, or $2.37 per share. This compares with $217.80 million, or $1.52 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $2.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

East West Bancorp earnings at a glance (GAAP) :

-Earnings (Q4): $336.76 Mln. vs. $217.80 Mln. last year. -EPS (Q4): $2.37 vs. $1.52 last year. -Analyst Estimate: $2.24