East West Bancorp(US:EWBC)2021-07-22 17:36Financial Highlights - Net income for Q2 2021 was $225 million [6] - Diluted EPS for Q2 2021 was $1.57 [6] - Total revenue for Q2 2021 reached $445 million [6] - Record loans reached $40.1 billion [6,7,10,14] - Record deposits reached $52.6 billion [6,7] - Record demand deposits reached $21.8 billion [6,7] Balance Sheet Strength (as of June 30, 2021) - Total assets were $59.855 billion, a $2.981 billion increase from the previous quarter [6] - Customer deposits totaled $52.583 billion, a $3.036 billion increase from the previous quarter [6] - Gross loans (excluding PPP) were $38.640 billion, a $1.124 billion increase from the previous quarter [6] - PPP loans decreased to $1.433 billion from $2.073 billion in the previous quarter [6,13] - Total stockholders' equity was $5.548 billion, a $263 million increase from the previous quarter [6] Asset Quality - Criticized loans decreased by 15% Q-o-Q, representing 2.6% of loans HFI [24] - Nonperforming assets decreased by 13% Q-o-Q, representing 0.38% of total assets [24] - ALLL coverage of loans was 1.46% as of June 30, 2021 [6,27]