EAST WEST BANCORP INC

Listed Company

EWBCCIK 0001069157NasdaqLarge AcceleratedState Commercial BanksDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$1.33B

Total Assets

$80.43B

Equity

$8.90B

Shares Out

137.62M

Op. Cash Flow

$1.50B

Business

East West Bancorp Inc is a bank holding company that operates through its principal subsidiary, East West Bank, to provide commercial and consumer banking services. The company offers deposit products, commercial and residential loans, construction and project financing, trade finance and letters of credit, foreign exchange, treasury and payments services, wealth management, hedging and derivative contracts, and digital banking platforms. Its reported operating segments are Consumer and Business Banking, Commercial Banking, and Treasury and Other. The company distributes services through over 110 branches and offices, representative offices, and digital channels across the U.S. and Asia, focusing on cross-border U.S.-Asia business and the Asian American community.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loans receivable, including fees	3,495	3,491	3,173	2,048	1,425
Debt securities	622	449	276	199	144
Resale agreements	6	11	20	30	—
Restricted equity securities	11	10	4	3	2
Interest-bearing cash and deposits with banks	159	232	221	41	16
Total interest and dividend income	4,293	4,193	3,694	2,321	1,619
Deposits	1,595	1,720	1,206	252	69
Federal funds purchased and other short-term borrowings	22,000	42	157	2	42,000
FHLB advances	141	147	6	2	7
Securities sold under repurchase agreements (repurchase agreements)	2	197,000	1	14	8
Long-term debt and finance lease liabilities	3	5	11	6	3
Total interest expense	1,741	1,914	1,382	275	—
Net interest income before provision for credit losses	2,553	2,279	2,312	2,046	1,532
Provision for credit losses	160	174	125	74	−35
Net interest income after provision for credit losses	2,393	2,105	2,187	1,972	1,567
Commercial and consumer deposit-related fees	112	104	94	—	—
Lending and loan servicing fees	108	98	84	—	—
Foreign exchange income	59	55	48	41	—
Wealth management fees	50	39	27	28	—
Customer derivative income, net of mark-to-market adjustments	17	16	20	—	—
Net gains (losses) on AFS debt securities	963,000	2	−7	1	2
Other investment income	11	6	9	7	17
Other income	22	16	17	11	12
Total noninterest income	379	335	293	299	286
Compensation and employee benefits	619	551	509	478	434
Occupancy and equipment expense	66	64	65	63	63
Deposit account expense	35	47	43	26	16
Computer and software related expenses	55	47	44	43	47
Deposit insurance premiums and regulatory assessments	32	46	103	19	18
Other operating expense	165	148	136	118	96
Amortization of tax credit and CRA investments	75	54	120	113	—
Total noninterest expense	1,046	958	1,021	859	796
INCOME BEFORE INCOME TAXES	1,725	1,482	1,460	1,412	1,056
Income tax expense	400	316	299	284	183
NET INCOME	1,325	1,166	1,161	1,128	873
BASIC (in dollars per share)	9.58	8.39	8.23	7.98	6.16
DILUTED (in dollars per share)	9.52	8.33	8.18	7.92	6.1
BASIC (in shares)	138	139	141	141	142
DILUTED (in shares)	139	140	142	142	143

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	656	361	445	535	527
Interest-bearing cash with banks	3,532	4,890	4,170	2,947	3,386
Cash and cash equivalents	4,188	5,251	4,615	3,482	3,913
Interest-bearing deposits with banks	16	48	10	139	736
Securities purchased under resale agreements (resale agreements)	425	425	785	—	—
Available-for-sale (AFS), at fair value (amortized cost of $13,619,781 and $11,505,775)	13,212	10,847	6,188	6,035	9,965
Held-to-maturity (HTM), at amortized cost (fair value of $2,479,746 and $2,387,754)	2,870	2,917	2,956	—	—
Loans held-for-sale	21	0	116,000	26	635,000
Loans held-for-investment (net of allowance for loan and lease losses (ALLL) of $809,773 and $702,052)	56,068	53,025	51,542	—	—
Affordable housing partnership, tax credit and CRA investments, net	969	927	—	—	—
Premises and equipment (net of accumulated depreciation of $175,297 and $166,154)	82	82	86	89	97
Operating lease right-of-use assets	125	82	94	104	99
Goodwill	466	466	466	466	466
Other assets	1,991	1,907	1,965	1,608	1,460
TOTAL	80,435	75,976	69,613	64,112	60,871
Noninterest-bearing	16,697	15,450	15,540	21,051	22,845
Interest-bearing	50,386	47,725	40,553	34,917	30,505
Total deposits	67,083	63,175	56,092	55,968	53,351
Federal Home Loan Bank (FHLB) advances	3,000	3,500	0	0	249
Long-term debt and finance lease liabilities	36	36	153	152	152
Operating lease liabilities	138	89	102	112	106
Accrued expenses and other liabilities	1,279	1,453	1,814	1,595	876
Total liabilities	71,536	68,253	62,662	58,128	55,033
COMMITMENTS AND CONTINGENCIES (Note 12)	—	—	—	—	—
Common stock, $0.001 par value, 200,000,000 shares authorized; 170,487,574 and 169,925,379 shares issued	170,000	170,000	169,000	168,000	168,000
Additional paid-in capital	2,111	2,031	1,981	1,936	1,894
Retained earnings	8,302	7,312	6,465	5,583	4,684
Treasury stock, at cost 32,908,712 and 31,488,080 shares	−1,168	−1,034	−875	−769	−650
Accumulated other comprehensive loss (AOCI), net of tax	−346	−585	−621	−766	−90
Total stockholders equity	8,899	7,723	6,951	5,985	5,837
TOTAL	80,435	75,976	69,613	64,112	60,871

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, amortization and accretion, net	213	212	174	160	157
Stock compensation costs	76	46	40	38	33
Deferred income tax benefit	−8	−14	−49	−44	5
Net losses (gains) on other real estate owned (OREO) write-downs and sales	10	7	−3	—	—
Originations and purchases	−4	−3	−116,000	−447,000	−11
Proceeds from sales and paydowns/payoffs of loans originally classified as held-for-sale	4	3	0	461,000	13
Net change in accrued interest receivable and other assets	−97	64	−146	188	124
Net change in accrued expenses and other liabilities	−168	−242	105	461	−63
Other operating activities, net	−9	2	12	2	558,000
Total adjustments	177	246	264	938	295
Net cash provided by operating activities	1,502	1,412	1,425	2,066	1,168
Affordable housing partnership, tax credit and CRA investments	−352	−378	−229	−167	—
Interest-bearing deposits with banks	33	−38	129	597	73
Proceeds from paydowns and maturities	0	360	220	1,951	983
Purchases	0	0	−213	−390	−1,876
Proceeds from sales	952	1,429	3	129	309
Proceeds from repayments, maturities and redemptions	3,851	1,547	1,471	897	1,766
Purchases	−6,939	−7,599	−1,550	−1,071	−6,780
Proceeds from sales of loans originally classified as held-for-investment	310	715	712	603	606
Purchases	−963	−1,001	−601	−658	−1,045
Other changes in loans held-for-investment, net	−2,487	−1,342	−4,167	−6,516	−2,877
Proceeds from sales of OREO and other foreclosed assets	36	33	4	6	—
Proceeds from repayments and redemptions of HTM debt securities	63	54	62	76	0
Redemption (purchases) of FHLB stock, net	14	−84	0	—	—
Other investing activities, net	5	9	−88	−8	−5
Net cash used in investing activities	−5,477	−6,295	−4,247	−4,583	−9,117
Net change in deposits	3,864	7,108	144	2,709	8,464
Net change in short-term borrowings	2,000	−4,500	4,500	6,000	−21
Proceeds	2,500	4,000	6,000	4,950	400,000
Repayments	−3,000	−500	−6,000	−5,200	−405
Repayment	0	0	−300	—	—
Extinguishment cost	0	0	−4	0	0
Repayment of lease liabilities and junior subordinated debt	−836,000	−117	−871,000	−943,000	−1
Proceeds from issuance pursuant to various stock compensation plans and agreements	3	3	3	3	3
Stock tendered for payment of withholding taxes	−19	−15	−24	−19	−16
Repurchase of common stock pursuant to the stock repurchase program	−116	−143	−82	−100	0
Cash dividends paid	−334	−308	−275	−228	−189
Net cash provided by financing activities	2,897	5,528	3,962	2,114	7,835
Effect of exchange rate changes on cash and cash equivalents	15	−8	−7	−28	9
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	−1,063	636	1,133	−431	−105
Interest	1,742	2,058	1,213	250	88
Income taxes, net	278	247	292	281	139
Loans transferred from held-for-investment to held-for-sale	331	659	739	624	600
Loans transferred to OREO or other foreclosed assets	34	67	11	270,000	49

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