Yes that's what the data sheet says. It is worth remembering that although we typically talk of 20mA per LED this is not normally what you want as it is too bright if on all the time.
A value of 20mA is useful when you are multiplexing the LEDs and they are not on all the time. Also there is not so much current as to blow them up if the multiplexing stopped for any software reason. As it would be the case if you used the higher peak current value.