East West Bancorp reports Q1 adjusted EPS $2.32, consensus $2.20

Reports Q1 revenue $44.62. Reports Q1 CET1 capital ratio 13.06% "East West’s ability to consistently generate industry-leading profitability while maintaining above peer capital ratios are strengths in any business cycle. East West continued to deliver in the first quarter, despite the banking industry and market disruption that occurred in mid-March," stated Dominic Ng, Chairman and Chief Executive Officer of East West. "For the first quarter of 2023, we earned industry-leading returns of 2.0% on average assets and 22.9% on average tangible common equity1. Net interest margin was a healthy 3.96%, asset quality continued to be excellent with net charge-offs of 0.01% annualized. With our strong earnings, all capital ratios expanded, and our total capital ratio increased to 14.5%."