East West Bancorp Q2 Profit Rises - Quick Facts

(RTTNews) - East West Bancorp Inc. (EWBC), parent company of East West Bank, Wednesday reported second-quarter net income available to common shareholders of $83.99 million or $0.58 per share, up from $72.30 million or $0.52 per share last year.

On average, 12 analysts polled by Thomson Reuters estimated earnings of $0.58 per share for the quarter. Analysts' estimates typically exclude one-time items.

Net interest income for the quarter rose to $266.45 million from $227.64 million last year. Analysts expected revenues of $239.19 million for the quarter.

The company expects third-quarter earnings of $0.58 to $0.60 per share. Analysts currently estimate earnings of $0.59 per share last year.

Looking forward, the company now expects earnings of $2.29 to $2.33 per share for the full year 2014, up from its prior expectation of $2.27 to $2.31 per share. Analysts currently expect earnings of $2.10 per share.