East West Bancorp: 3Q Earnings Snapshot

PASADENA, Calif. (AP) _ East West Bancorp Inc. (EWBC) on Thursday reported third-quarter earnings of $171.3 million.

The Pasadena, California-based bank said it had earnings of $1.17 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.

The bank holding company posted revenue of $468.7 million in the period. Its revenue net of interest expense was $395.2 million, falling short of Street forecasts. Six analysts surveyed by Zacks expected $398.2 million.

East West Bancorp shares have dropped slightly more than 8 percent since the beginning of the year. The stock has declined slightly more than 2 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EWBC at https://www.zacks.com/ap/EWBC