East West Bancorp Earnings Rise 7% In Q1

(RTTNews) - East West Bancorp (EWBC) announced a profit for its first quarter that rose from last year.

The company said its bottom line came in at $107.52 million, or $0.74 per share. This was up from $100.03 million, or $0.69 per share, in last year's first quarter.

Analysts had expected the company to earn $0.67 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.0% to $252.20 million. This was up from $235.72 million last year.

East West Bancorp earnings at a glance:

-Earnings (Q1): $107.52 Mln. vs. $100.03 Mln. last year. -Earnings Growth (Y-o-Y): 7.5% -EPS (Q1): $0.74 vs. $0.69 last year. -EPS Growth (Y-o-Y): 7.2% -Analysts Estimate: $0.67 -Revenue (Q1): $252.20 Mln vs. $235.72 Mln last year. -Revenue Change (Y-o-Y): 7.0%

-Guidance: Next quarter EPS guidance: $0.69 - $0.71 Full year EPS guidance: $2.86 - $2.90