East West Bancorp Q2 Profit Rises - Quick Facts

(RTTNews) - East West Bancorp, Inc. (EWBC) Wednesday reported second-quarter profit of $74.02 million, up from $70.56 million in the same period last year.

Net income available to common shareholders increased to $72.30 million or $0.52 per share from $0.52 million or $0.47 per share last year.

On average, 15 analysts polled by Thomson Reuters expected the company to earn $0.51 per share for the quarter. Analysts' estimates typically exclude special items.

Net-interest income, as adjusted, dropped to $192.17 million from $194.65 million last year. Net interest margin was 3.62 percent, compared to 4.01 percent last year.

For the fiscal year 2013, the company currently projects earnings in the range of $2.05 to $2.09 per share. Analysts currently expect full-year earnings of $2.03 per share.