East West Bancorp Inc (EWBC) News & EventsEWBCNews & EventsEast West Bancorp Inc

East West Bank Reports Q2 Revenue of $791M

Reports Q2 revenue $791M, consensus $784.3M. "East West delivered another strong quarter of balanced growth, resulting in record levels of net interest income, revenue, loans, and deposits," said Dominic Ng, Chairman and Chief Executive Officer. "Over the past year our relationship-focused strategy continued to drive the business forward, with noninterest-bearing deposits increasing significantly. We generated a return on average tangible common equity1 of 17% and grew tangible book value per share1 by 14% from a year ago."

AXS Partners with East West Bank

AXS announced a new partnership with East West Bank, which will serve as the company's first official business banking partner in North America. "This relationship, brought together by AEG Global Partnerships, marks a milestone for AXS as it continues to scale its financial operations and align with partners that support its long-term growth," the company said.