WASHINGTON (dpa-AFX) - East West Bancorp, Inc. (EWBC) Wednesday reported third-quarter profit of $73.2 million or $0.53 per share, up from $69.40 million or $0.48 per share in the same period last year.
Net-interest income dropped to $192.36 million or $196.29 million last year. Net-interest margin was 3.44 percent, compared to 3.95 percent last year. Non-interest income was a negative $41.42 million, compared to a positive $2.75 million last year.
Efficiency ratio for the quarter was 43.84 percent, compared to 42.20 percent last year.
Looking ahead to the fourth quarter, the company has forecast earnings in the range of $0.53 to $0.55 per share. Analysts currently expect the company to earn $0.54 per share for the quarter.
For the fiscal 2013, the company has forecast earnings in a range of $2.09 to $2.11 per share. Analysts currently expect full-year earnings of $2.10 per share.
Copyright RTT News/dpa-AFX
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