East West Bancorp(US:EWBC)2020-10-23 17:25Financial Performance - The company's net income for 3Q20 was $159.5 million, with diluted EPS of $1.12[2, 33] - Total revenue for 3Q20 was $374 million[2] - Adjusted efficiency ratio for 3Q20 was 41.3%[2] - Return on average assets was 1.58% in 3Q19, 0.83% in 2Q20 and 1.26% in 3Q20[2] Balance Sheet - Record loans reached $37.4 billion as of 09/30/20[2, 4] - Record deposits reached $41.7 billion as of 09/30/20[2, 4] - Record demand deposits reached $14.9 billion as of 09/30/20[2] - Book value per share was $36.22 as of 09/30/20, a 3% increase Q-o-Q and 8% increase Y-o-Y[6] Loan Portfolio - Total CRE loans amounted to $14.7 billion as of 09/30/20, representing 39% of total loans[9, 12] - C&I loans (excluding PPP) totaled $11.5 billion, representing 31% of total loans[4, 9] - PPP loans amounted to $1.8 billion as of 09/30/20, representing 5% of total loans[4, 9] Asset Quality - Loans on COVID-19 related deferral were $1.3 billion as of 10/20/20, representing 3.4% of total loans, down from 4.2% as of 09/30/20 and 8.0% as of 06/30/20[24]