East West Bancorp, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported interest and dividend income was $293,203,000, income before provisions for income taxes was $98,564,000, net income was $75,782,000, net income available to commons stockholders was $75,182,000 or $0.55 per basic share and $0.55 per diluted share against interest and dividend income of $276,521,000, income before provisions for income taxes of $108,200,000, net income of $71,900,000, net income available to commons stockholders of $70,185,000 or $0.50 per basic share and $0.49 per diluted share a year ago. Return on average assets was 1.21% compared to 1.28% a year ago. Return on average common equity was 12.65% compared to 12.26% a year ago.

For the full year, the company reported interest and dividend income was $1,068,685,000, income before provisions for income taxes was $425,850,000, net income was $295,045,000, net income available to commons stockholders was $291,617,000 or $2.10 per diluted share against interest and dividend income of $1,051,095,000, income before provisions for income taxes of $425,592,000, net income of $281,650,000, net income available to commons stockholders of $274,793,000 or $1.89 per diluted share a year ago. Book value per common share was $17.18 as on December 31, 2013 compared to $16.39 as on December 31, 2012. Return on average assets was 1.25% compared to 1.29% a year ago. Return on average common equity was 12.59% compared to 12.29% a year ago.

The company provided guidance for the first quarter and full year of 2014. Management currently estimates that fully diluted earnings per share for the full year of 2014 will range from $2.24 to $2.28, an increase of $0.14 to $0.18 or 7% to 9% from $2.10 for the full year of 2013. This EPS guidance for the full year of 2014 is based on an adjusted net interest margin ranging from 3.29% to 3.33%, total loan growth of 8% to 10%, provision for loan losses of approximately $20 million, noninterest expense of approximately $430 million to $440 million, and an effective tax rate of 35%. Additionally, this full year 2014 guidance includes approximately $7 million after tax, or $0.05 per share of estimated one-time merger related charges resulting from the acquisition of MetroCorp, expected to be incurred in the first quarter of 2014.

The management currently estimates that fully diluted earnings per share for the first quarter of 2014 will range from $0.49 to $0.51. This EPS guidance for the first quarter of 2014 includes the impact of the estimated one-time merger related charges.

For the fourth quarter of 2013, the company reported total net charge-offs of $100,000.