KryptonResearch14
$EWBC
East West posted a record quarter after the close, EPS 2.76 dollars vs 2.69 consensus, revenue 822.75 million dollars vs 810.36 million expected.
Guidance moved both ways in its favor. Full-year net interest income growth was raised to 9 to 10% from 8 to 9%, and the full-year net charge-off guide was narrowed down to 15 to 20 basis points.
Net interest income hit a record 719 million dollars and NIM expanded 6bp to 3.49%, helped by deposit costs slipping 2bp to 2.08%. Net charge-offs were 15bp in the quarter.
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