East West Bancorp Inc 8-K, filed Oct 20, 2026
East West Bancorp Inc (EWBC)
8-K
2026-10-20
For: 2026-10-20
View Original
Added on
October 20, 2026
About this 8-K
East West Bancorp Inc filed this 8-K on October 20, 2026.
East West Bancorp reported record third-quarter 2026 net income of $382 million, diluted EPS of $2.76 and revenue of $823 million; loans and deposits reached records of $59.7 billion and $71.5 billion as of September 30, 2026. AI summary
Items reported
- Item 2.02: Financial results
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
(Address of principal executive offices) (Zip code)
(626 ) 768-6000
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition
On October 20, 2026, East West Bancorp, Inc. (the “Company”) announced its financial results for the quarter ended September 30, 2026. A copy of the Company’s press release (the “Press Release”) is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference in this Item 2.02. The Press Release is “furnished” pursuant to General Instruction B.2 of Form 8-K and the information provided in Item 2.02 of this report, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of such Section. The information provided in Item 2.02 of this report, including Exhibit 99.1, shall not be deemed incorporated by reference into any filings the Company has made or may make under the Securities Act of 1933 (the “Securities Act”) or the Exchange Act, except as otherwise expressly stated in such filing.
Item 7.01. Regulation FD Disclosure
On October 20, 2026, the Company will hold a conference call to discuss its financial results for the quarter ended September 30, 2026 and other matters relating to the Company. The Company has also made available on its website, www.eastwestbank.com, presentation materials containing certain historical and forward-looking information relating to the Company (the “Presentation Materials”). The Presentation Materials are furnished as Exhibit 99.2 and are incorporated by reference in this Item 7.01. All information in Exhibit 99.2 is presented as of the particular date or dates referenced therein, and the Company does not undertake any obligation to, and disclaims any duty to, update any of the information provided. The information provided in Item 7.01 of this report, including Exhibit 99.2, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of such Section, nor shall such information be deemed incorporated by reference into any filings the Company has made or may make under the Securities Act or the Exchange Act, except as otherwise expressly stated in such filing.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
| Press Release, dated October 20, 2026. | |||||
| Presentation Materials, dated October 20, 2026. | |||||
| 104 | Cover Page Interactive Data (formatted in Inline XBRL). | ||||
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EAST WEST BANCORP, INC. | |||||||||||
| Date: October 20, 2026 | By: | /s/ Christopher J. Del Moral-Niles | |||||||||
| Christopher J. Del Moral-Niles | |||||||||||
| Executive Vice President and Chief Financial Officer | |||||||||||
3
 | East West Bancorp, Inc. | ||||
| 135 N. Los Robles Ave. | |||||
| Pasadena, CA 91101 | |||||
| Tel. 626.768.6000 | |||||
NEWS RELEASE | |||||||||||
EAST WEST BANCORP REPORTS RECORD QUARTERLY NET INCOME OF $382 MILLION AND RECORD QUARTERLY DILUTED EARNINGS PER SHARE OF $2.76 ON RECORD TOTAL REVENUE
Pasadena, California – October 20, 2026 – East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, reported third quarter 2026 net income of $382 million, or $2.76 per diluted share. Total loans and deposits reached new record levels of $59.7 billion and $71.5 billion, respectively, as of September 30, 2026. Return on average assets was 1.79%, return on average common equity was 16.3%, and return on average tangible common equity1 was 17.2%.
“I am pleased to report another record-breaking quarter for East West,” said Dominic Ng, Chairman and Chief Executive Officer. “Revenue, net interest income, pre-tax pre-provision income (“PTPP”), net income, and diluted earnings per share all set new records. Deposits and loans also finished the quarter at record levels, with noninterest-bearing demand deposits increasing nearly 15% year-over-year. This deposit growth underscores the success of our small business checking strategy and reflects our ability to build broader, more valuable relationships with our customers.”
“Fee income remained strong, increasing 11% year-over-year during the first nine months of 2026, supported by solid third-quarter growth in commercial deposit account fees. Our disciplined approach to credit and expense management continued to bear fruit this quarter. Asset quality remained resilient, and given continued uncertainty in the economic outlook, we further bolstered our allowance for loan losses,” said Ng.
“East West continues to operate from a position of strength. Our diversified business model, conservatively managed balance sheet, and industry-leading profitability should enable us to deliver top-quartile returns for our shareholders in the years ahead,” Ng concluded.
FINANCIAL HIGHLIGHTS
| Three Months Ended | September 30, 2026 % Change | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in millions, except per share data) | September 30, 2026 | June 30, 2026 | September 30, 2025 | Qtr-o-Qtr | Yr-o-Yr | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Revenue | $823 | $791 | $778 | 4 | % | 6 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Pre-tax, Pre-provision Income2 | 540 | 501 | 501 | 8 | 8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Income | 382 | 364 | 368 | 5 | 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Diluted Earnings per Share | $2.76 | $2.63 | $2.65 | 5 | 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Book Value per Share | $65.97 | $67.48 | $62.39 | (2) | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tangible Book Value per Share1 | $62.55 | $64.06 | $58.97 | (2 | %) | 6 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Return on Average Assets | 1.79% | 1.75% | 1.84% | 4 bps | -5 bps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Return on Average Common Equity | 16.30% | 16.01% | 17.44% | 29 bps | -114 bps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Return on Average Tangible Common Equity1 | 17.17% | 16.88% | 18.48% | 29 bps | -131 bps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Stockholders’ Equity to Assets Ratio | 10.51% | 10.91% | 10.77% | -40 bps | -26 bps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tangible Common Equity Ratio1 | 10.02% | 10.41% | 10.24% | -39 bps | -22 bps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Assets | $86,012 | $84,763 | $79,670 | 1 | % | 8 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||
1 Return on average tangible common equity, tangible book value per share, and tangible common equity ratio are non-GAAP financial measures. See reconciliation of GAAP to non-GAAP measures in Table 16. | |||||||||||
2 Pre-tax, pre-provision income is a non-GAAP financial measure. See reconciliation of GAAP to non-GAAP financial measures in Table 15. | |||||||||||
1
BALANCE SHEET
•Assets – Total assets were $86.0 billion as of September 30, 2026, an increase of $1.2 billion, or 1%, from $84.8 billion as of June 30, 2026. Year-over-year, total assets grew $6.3 billion, or 8%, from $79.7 billion as of September 30, 2025.
Third quarter 2026 average interest-earning assets of $81.8 billion were up $1.7 billion, or 2%, from $80.1 billion in the second quarter, primarily reflecting $1.0 billion of average securities growth and a $0.7 billion increase in average total loans outstanding.
•Loans – Total loans reached a record $59.7 billion as of September 30, 2026, an increase of $0.7 billion, or 1%, from $59.0 billion as of June 30, 2026. Year-over-year, total loans were up $3.9 billion, or 7%, from $55.8 billion as of September 30, 2025.
Third quarter 2026 average total loans grew by $0.7 billion, or 1%, to $58.9 billion, from $58.2 billion in the second quarter of 2026.
•Deposits – Total deposits reached a record $71.5 billion as of September 30, 2026, an increase of $1.4 billion, or 2%, from $70.1 billion as of June 30, 2026, reflecting growth across all deposit product types. Noninterest-bearing deposits made up 26% of total deposits as of September 30, 2026. Year-over-year, total deposits increased $4.9 billion, or 7%, from $66.6 billion as of September 30, 2025.
Third quarter 2026 total average deposits of $70.3 billion increased $1.6 billion, or 2.3% from the second quarter of 2026, primarily reflecting growth in average noninterest-bearing demand, money market, interest-bearing checking, and time deposits.
•Capital – As of September 30, 2026, stockholders’ equity was $9.0 billion, down 2% quarter-over-quarter. The total stockholders’ equity to assets ratio was 10.51% as of September 30, 2026, compared with 10.91% as of June 30, 2026.
Book value per share and tangible book value per share3 were $65.97 and $62.55, respectively, as of September 30, 2026, each down $1.51, or 2% quarter-over-quarter, primarily reflecting changes in the value of available-for-sale (“AFS”) debt securities net of tax.
East West’s regulatory capital ratios are well in excess of requirements for well-capitalized institutions, and well above regional bank averages.
CAPITAL STRENGTH
Capital metrics as of September 30, 2026, June 30, 2026, and September 30, 2025 are presented below.
| EWBC Capital | ||||||||||||||||||||||||||||||||||||||||||||
| ($ in millions) | September 30, 2026 (a) | June 30, 2026 | September 30, 2025 | |||||||||||||||||||||||||||||||||||||||||
Risk-Weighted Assets (“RWA”) (b) | $61,277 | $59,201 | $57,043 | |||||||||||||||||||||||||||||||||||||||||
| Risk-based capital ratios: | ||||||||||||||||||||||||||||||||||||||||||||
| Total capital ratio | 16.72% | 16.75% | 16.15% | |||||||||||||||||||||||||||||||||||||||||
| CET1 capital ratio | 15.41% | 15.44% | 14.83% | |||||||||||||||||||||||||||||||||||||||||
| Tier 1 capital ratio | 15.41% | 15.44% | 14.83% | |||||||||||||||||||||||||||||||||||||||||
| Leverage ratio | 11.11% | 11.00% | 10.66% | |||||||||||||||||||||||||||||||||||||||||
| Total stockholders’ equity to assets ratio | 10.51% | 10.91% | 10.77% | |||||||||||||||||||||||||||||||||||||||||
Tangible common equity ratio (c) | 10.02% | 10.41% | 10.24% | |||||||||||||||||||||||||||||||||||||||||
(a)The Company’s September 30, 2026 regulatory capital ratios and RWA are preliminary.
(b)Under regulatory guidelines, on-balance sheet assets and credit equivalent amounts of derivatives and off-balance sheet items are assigned to one of several broad risk categories based on the nature of the obligor, or, if relevant, the guarantor or the nature of any collateral. The aggregate dollar value in each risk category is then multiplied by the risk weight associated with that category. The resulting weighted values from each of the risk categories are aggregated for determining total RWA.
(c)Tangible common equity ratio is a non-GAAP financial measure. See reconciliation of GAAP to non-GAAP measures in Table 16.
3 Tangible book value per share is a non-GAAP financial measure. See reconciliation of GAAP to non-GAAP measures in Table 16. | ||||||||||||||
2
OPERATING RESULTS
Third Quarter Earnings – Third quarter 2026 revenue was a record $823 million, up $32 million, or 4% quarter-over-quarter, driven primarily by record quarterly net interest income. Pre-tax, pre-provision income4 totaled a record $540 million in the third quarter, up $39 million, or 8% quarter-over-quarter.
Third quarter 2026 net income was a record $382 million, an increase of $18 million, or 5% from the second quarter, and 4% from $368 million for the third quarter of 2025. Third quarter 2026 diluted earnings per share (“EPS”) were $2.76, an increase of 5% from $2.63 per diluted share for the second quarter and 4% from $2.65 per diluted share for the third quarter of 2025.
Third Quarter 2026 Compared to Second Quarter 2026 and Third Quarter 2025
Net Interest Income and Net Interest Margin
Net interest income totaled $719 million in the third quarter of 2026, an increase of over $34 million, or 5%, from $685 million in the prior quarter and $41 million, or 6%, from the third quarter of 2025. Net interest margin was 3.49% in the third quarter of 2026, a 6 basis-point increase from the prior quarter and a 4 basis-point decrease from the third quarter of 2025.
•The average loan yield was 6.05%, up 3 basis points from the prior quarter. The average interest-earning asset yield was 5.45%, up 4 basis points from the prior quarter.
•The average cost of interest-bearing deposits was 2.81%, unchanged from the prior quarter. The average cost of funds was 2.17%, down 2 basis points from the prior quarter.
Noninterest Income
Noninterest income totaled $104 million in the third quarter of 2026, a decrease of $3 million, or 2%, from the record level set in the second quarter and an increase of $3 million, or 3%, from the third quarter of 2025. Derivative mark-to-market and credit valuation adjustments resulted in a gain of $6 million in the third quarter, compared with a loss of $1 million in the second quarter. Fee income5 of $93 million decreased $2 million, or 2%, from $96 million in the prior quarter and increased $2 million, or 2%, from the third quarter of 2025.
•Foreign exchange income increased $3 million quarter-over-quarter and commercial and consumer deposit-related fees increased $1 million quarter-over-quarter, both reflecting higher customer activity.
•Wealth management fees decreased $4 million in the third quarter and lending and loan servicing fees decreased $2 million in the third quarter, both reflecting lower customer activity.
•Other income decreased $6 million quarter-over-quarter, primarily reflecting gains from investments held in connection with deferred compensation plans in the prior quarter.
•Other investment income increased $2 million quarter-over-quarter, reflecting higher income from investments.
Noninterest Expense
Total noninterest expense was $283 million in the third quarter, which included $24 million of amortization for tax credit and Community Reinvestment Act investments. Total operating noninterest expense was $259 million, a decrease of $9 million, or 3% from the second quarter and $2 million, or 1%, from the third quarter of 2025.
•Other operating expense was $33 million, a decrease of $6 million, reflecting expense recoveries related to the resolution of problem loans.
•Compensation and employee benefits expense was $170 million, a decrease of $3 million, primarily reflecting lower deferred compensation expense and certain benefit accrual adjustments in the prior quarter, partially offset by greater salary expense.
•Other real estate owned (“OREO”) expense decreased $2 million in the third quarter, primarily due to a gain recognized on the resolution of an OREO property.
•Computer and software related expenses were $18 million, an increase of $3 million, primarily reflecting a write-off of certain technology-related assets.
•The efficiency ratio was 34.4% in the third quarter, compared with 36.7% in the prior quarter.
4 Pre-tax, pre-provision income is a non-GAAP financial measure. See reconciliation of GAAP to non-GAAP financial measures in Table 15. | |||||||||||
5 Fee income includes commercial and consumer deposit-related fees, lending and loan servicing fees, foreign exchange income, wealth management fees, and customer derivative income. Refer to Table 3 for additional fee and noninterest income information. | |||||||||||
3
TAX RELATED ITEMS
Third quarter 2026 income tax expense was $113 million and the effective tax rate was 22.7%, compared with income tax expense of $104 million and 22.2% in the second quarter, primarily reflecting greater pre-tax income in the third quarter.
ASSET QUALITY
As of September 30, 2026, the credit quality of our loan portfolio remained solid.
•Third quarter 2026 net charge-offs were $22 million, or 0.15% annualized of average loans held-for-investment (“HFI”), compared with $27 million, or 0.19% annualized of average loans HFI, for the second quarter of 2026.
•The nonperforming assets ratio was 0.30% of total assets as of September 30, 2026, a 1 basis point increase from the prior quarter. Nonperforming assets increased $9 million to $256 million as of September 30, 2026, from $247 million as of June 30, 2026, driven primarily by an increase in OREO and partially offset by a decrease in commercial real estate and residential mortgage nonaccrual loans.
•The allowance for loan losses was $865 million, or 1.45% of loans HFI, as of September 30, 2026, compared with $842 million, or 1.43% of loans HFI, as of June 30, 2026.
•Third quarter 2026 provision for credit losses was $45 million, compared with $33 million in the second quarter of 2026.
DIVIDEND PAYOUT AND CAPITAL ACTIONS
East West’s Board of Directors has declared the fourth quarter 2026 dividend for the Company’s common stock. The common stock cash dividend of $0.80 per share is payable on November 17th, 2026 to shareholders of record as of November 2nd, 2026.
East West did not repurchase any shares of common stock during the third quarter of 2026. $117 million of East West’s share repurchase authorization remains available.
About East West
East West provides financial services that help customers reach further and connect to new opportunities. East West Bancorp, Inc. is a public company (Nasdaq: “EWBC”) with total assets of $86.0 billion as of September 30, 2026. The Company’s wholly-owned subsidiary, East West Bank, is the largest independent bank headquartered in Southern California, and operates over 110 locations in the United States and Asia. The Bank’s markets in the United States include California, Georgia, Illinois, Massachusetts, Nevada, New York, Texas, and Washington. For more information on East West, visit www.eastwestbank.com.
Conference Call
East West will host a conference call to discuss third quarter 2026 earnings with the public on Tuesday, October 20, 2026 at 2:00 p.m. PT/5:00 p.m. ET. The public and investment community are invited to listen as management discusses third quarter 2026 results and operating developments.
•The following dial-in information is provided for participation in the conference call: calls within the U.S. - (877) 506-6399; calls within Canada – (855) 669-9657; international calls – (412) 902-6699.
•A presentation to accompany the earnings call, a listen-only live broadcast of the call, and information to access a replay one hour after the call will all be available on the Investor Relations page of the Company’s website at www.eastwestbank.com/investors.
For Investor and Media Inquiries, Contact: | |||||
Adrienne Atkinson | |||||
| Director of Investor Relations and Corporate Development | |||||
T: (626) 788-7536 | |||||
| E: adrienne.atkinson@eastwestbank.com | |||||
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Forward-Looking Statements
Certain matters set forth herein (including any exhibits hereto) contain “forward-looking statements” intended to be covered by the safe harbor for such statements provided by the Private Securities Litigation Reform Act of 1995. East West Bancorp, Inc. (referred to herein on an unconsolidated basis as “East West” and on a consolidated basis as the “Company,” “we,” “our” or “EWBC”) may make forward-looking statements in other documents that it files with, or furnishes to, the U.S. Securities and Exchange Commission (“SEC”) and management may make forward-looking statements to analysts, investors, media members and others. Forward-looking statements are those that do not relate to historical facts and that are based on current assumptions, beliefs, estimates, expectations and projections, many of which, by their nature, are inherently uncertain and beyond the Company’s control. Forward-looking statements may relate to various matters, including the Company’s financial condition, results of operations, plans, objectives, future performance, business or industry, and usually can be identified by the use of forward-looking words, such as “anticipates,” “assumes,” “believes,” “can,” “continues,” “could,” “estimates,” “expects,” “forecasts,” “goal,” “intends,” “likely,” “may,” “might,” “objective,” “plans,” “potential,” “projects,” “remains,” “should,” “target,” “trend,” “will,” “would,” or similar expressions or variations thereof, and the negative thereof, although these terms are not the exclusive means of identifying such statements. You should not place undue reliance on forward-looking statements, as they are subject to known and unknown risks and uncertainties.
Factors that might cause future results to differ materially from historical performance and any forward-looking statements include, but are not limited to: changes in local, regional and global business, economic and political conditions and natural or geopolitical events; the soundness of other financial institutions and the impacts related to or resulting from bank failures and other industry volatility, including potential increased regulatory requirements, Federal Deposit Insurance Corporation (“FDIC”) insurance premiums and assessments, and deposit withdrawals; changes in trade, tariff, tax, monetary and fiscal policies; changes in immigration laws and enforcement practices, or travel and visa related policies; current or potential disputes between the U.S., the People’s Republic of China and other countries; armed conflict involving Iran or heightened geopolitical tensions in other regions, including resulting oil price volatility and energy and other supply disruptions; changes in the commercial and consumer real estate markets; changes in consumer or commercial spending, savings and borrowing habits, patterns and behaviors; the Company’s ability to compete effectively against financial institutions and other entities, including as a result of emerging technologies; the success and timing of the Company’s business strategies; the Company’s ability to retain key officers and employees; changes in market interest rates, competition, regulatory requirements and product mix; changes in the Company’s costs of operation, compliance and expansion; disruption, failure in, or breach of, the Company’s operational or security systems or infrastructure, or those of third party vendors with which the Company does business, including as a result of cyber-attacks, and the disclosure or misuse of confidential information; the adequacy of the Company’s risk management framework; future credit quality and performance, including expectations regarding future credit losses and allowance levels; adverse changes to the Company’s credit ratings; legal proceedings, regulatory investigations and their resolution; the Company’s capital requirements and its ability to generate capital internally or raise capital on favorable terms; the impact on the Company’s liquidity due to changes in its ability to receive dividends from subsidiaries; any strategic acquisitions or divestitures; and the introduction of new or expanded products and services or other events that may directly or indirectly result in a negative impact on the financial performance of the Company and its customers.
For a more detailed discussion of some of the factors that might cause future results to differ materially from historical performance and any forward-looking statements, see the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 27, 2026 under the heading Item 1A. Risk Factors and the Company’s subsequent filings with the SEC. Forward-looking statements speak only as of the date they are made and are based solely on information then actually known to the Company. The Company does not undertake, and expressly disclaims any obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of such statements, except as required by law.
5
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||||||||||
| CONDENSED CONSOLIDATED BALANCE SHEET | |||||||||||||||||||||||||||||||||||||||||
| ($ and shares in thousands, except per share data) | |||||||||||||||||||||||||||||||||||||||||
| (unaudited) | |||||||||||||||||||||||||||||||||||||||||
| Table 1 | |||||||||||||||||||||||||||||||||||||||||
September 30, 2026 % or Basis Point Change | |||||||||||||||||||||||||||||||||||||||||
| September 30, 2026 | June 30, 2026 | September 30, 2025 | Qtr-o-Qtr | Yr-o-Yr | |||||||||||||||||||||||||||||||||||||
| Assets | |||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents, and deposits with banks | $ | 4,647,504 | $ | 5,101,349 | $ | 4,762,394 | (8.9)% | (2.4)% | |||||||||||||||||||||||||||||||||
| Securities purchased under resale agreements (“resale agreements”) | 425,000 | 425,000 | 425,000 | — | — | ||||||||||||||||||||||||||||||||||||
Available-for-sale (“AFS”) debt securities (amortized cost of $16,311,109, $15,055,558 and $13,189,313) | 15,185,584 | 14,581,546 | 12,741,152 | 4.1 | 19.2 | ||||||||||||||||||||||||||||||||||||
Held-to-maturity (“HTM”) debt securities, at amortized cost (fair value of $2,315,671, $2,443,494 and $2,467,362) | 2,834,710 | 2,845,364 | 2,880,682 | (0.4) | (1.6) | ||||||||||||||||||||||||||||||||||||
| Total cash, resale agreements and debt securities | 23,092,798 | 22,953,259 | 20,809,228 | 0.6 | 11.0 | ||||||||||||||||||||||||||||||||||||
| Loans held-for-sale (“HFS”) | 17,425 | 17,425 | 19,596 | — | (11.1) | ||||||||||||||||||||||||||||||||||||
Loans held-for-investment (“HFI”) (net of allowance for loan losses of $864,631, $842,056 and $790,520) | 58,846,086 | 58,121,884 | 54,976,252 | 1.2 | 7.0 | ||||||||||||||||||||||||||||||||||||
| Affordable housing partnership, tax credit and Community Reinvestment Act (“CRA”) investments, net | 885,343 | 919,230 | 982,247 | (3.7) | (9.9) | ||||||||||||||||||||||||||||||||||||
| Goodwill | 465,697 | 465,697 | 465,697 | — | — | ||||||||||||||||||||||||||||||||||||
| Operating lease right-of-use assets | 153,761 | 149,110 | 77,855 | 3.1 | 97.5 | ||||||||||||||||||||||||||||||||||||
| Other assets | 2,550,628 | 2,136,867 | 2,338,656 | 19.4 | 9.1 | ||||||||||||||||||||||||||||||||||||
| Total assets | $ | 86,011,738 | $ | 84,763,472 | $ | 79,669,531 | 1.5% | 8.0% | |||||||||||||||||||||||||||||||||
| Liabilities and Stockholders’ Equity | |||||||||||||||||||||||||||||||||||||||||
| Deposits | $ | 71,492,639 | $ | 70,092,693 | $ | 66,587,556 | 2.0% | 7.4% | |||||||||||||||||||||||||||||||||
| Short-term borrowings | — | — | 9,851 | — | (100.0) | ||||||||||||||||||||||||||||||||||||
| Federal Home Loan Bank (“FHLB”) advances | 3,000,000 | 3,000,000 | 3,000,000 | — | — | ||||||||||||||||||||||||||||||||||||
Securities sold under repurchase agreements (“repurchase agreements”) | 964,000 | 956,894 | 53,489 | 0.7 | NM | ||||||||||||||||||||||||||||||||||||
| Long-term debt and finance lease liabilities | 35,380 | 35,451 | 35,707 | (0.2) | (0.9) | ||||||||||||||||||||||||||||||||||||
| Operating lease liabilities | 173,876 | 164,973 | 83,998 | 5.4 | 107.0 | ||||||||||||||||||||||||||||||||||||
| Accrued expenses and other liabilities | 1,306,081 | 1,267,532 | 1,316,130 | 3.0 | (0.8) | ||||||||||||||||||||||||||||||||||||
| Total liabilities | 76,971,976 | 75,517,543 | 71,086,731 | 1.9 | 8.3 | ||||||||||||||||||||||||||||||||||||
| Stockholders’ equity | 9,039,762 | 9,245,929 | 8,582,800 | (2.2) | 5.3 | ||||||||||||||||||||||||||||||||||||
| Total liabilities and stockholders’ equity | $ | 86,011,738 | $ | 84,763,472 | $ | 79,669,531 | 1.5% | 8.0% | |||||||||||||||||||||||||||||||||
Total cash, resale agreements and debt securities/total assets | 26.85 | % | 27.08 | % | 26.12 | % | (23) | bps | 73 | bps | |||||||||||||||||||||||||||||||
| Total stockholders’ equity to assets ratio | 10.51 | % | 10.91 | % | 10.77 | % | (40) | (26) | |||||||||||||||||||||||||||||||||
Tangible common equity (“TCE”) ratio (1) | 10.02 | % | 10.41 | % | 10.24 | % | (39) | bps | (22) | bps | |||||||||||||||||||||||||||||||
| Book value per share | $ | 65.97 | $ | 67.48 | $ | 62.39 | (2.2)% | 5.7% | |||||||||||||||||||||||||||||||||
Tangible book value (1) per share | $ | 62.55 | $ | 64.06 | $ | 58.97 | (2.4) | 6.1 | |||||||||||||||||||||||||||||||||
| Number of common shares at period-end | 137,020 | 137,011 | 137,568 | 0.0% | (0.4)% | ||||||||||||||||||||||||||||||||||||
NM - Not meaningful.
(1)The TCE ratio and the tangible book value are non-GAAP financial measures. See reconciliation of GAAP to non-GAAP measures in Table 16.
6
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||||||||||||||
| TOTAL LOANS AND DEPOSITS DETAIL | ||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||||||||||||||
| Table 2 | ||||||||||||||||||||||||||||||||||||||
September 30, 2026 % Change | ||||||||||||||||||||||||||||||||||||||
| September 30, 2026 | June 30, 2026 | September 30, 2025 | Qtr-o-Qtr | Yr-o-Yr | ||||||||||||||||||||||||||||||||||
| Loans: | ||||||||||||||||||||||||||||||||||||||
| Commercial: | ||||||||||||||||||||||||||||||||||||||
| Commercial and industrial (“C&I”) | $ | 19,786,324 | $ | 19,862,701 | $ | 18,001,529 | (0.4) | % | 9.9 | % | ||||||||||||||||||||||||||||
| Commercial real estate (“CRE”): | ||||||||||||||||||||||||||||||||||||||
| CRE | 15,810,599 | 15,585,610 | 15,231,167 | 1.4 | 3.8 | |||||||||||||||||||||||||||||||||
| Multifamily residential | 5,529,717 | 5,251,556 | 5,037,284 | 5.3 | 9.8 | |||||||||||||||||||||||||||||||||
| Construction and land | 754,581 | 831,822 | 776,587 | (9.3) | (2.8) | |||||||||||||||||||||||||||||||||
| Total CRE | 22,094,897 | 21,668,988 | 21,045,038 | 2.0 | 5.0 | |||||||||||||||||||||||||||||||||
| Consumer: | ||||||||||||||||||||||||||||||||||||||
| Residential mortgage: | ||||||||||||||||||||||||||||||||||||||
| Single-family residential (“SFR”) | 15,708,065 | 15,336,309 | 14,820,911 | 2.4 | 6.0 | |||||||||||||||||||||||||||||||||
| Home equity loans | 2,058,958 | 2,039,285 | 1,852,408 | 1.0 | 11.2 | |||||||||||||||||||||||||||||||||
| Total residential mortgage | 17,767,023 | 17,375,594 | 16,673,319 | 2.3 | 6.6 | |||||||||||||||||||||||||||||||||
| Other consumer | 62,473 | 56,657 | 46,886 | 10.3 | 33.2 | |||||||||||||||||||||||||||||||||
Total loans HFI (1) | 59,710,717 | 58,963,940 | 55,766,772 | 1.3 | 7.1 | |||||||||||||||||||||||||||||||||
| Loans HFS | 17,425 | 17,425 | 19,596 | — | (11.1) | |||||||||||||||||||||||||||||||||
Total loans (1) | 59,728,142 | 58,981,365 | 55,786,368 | 1.3 | 7.1 | |||||||||||||||||||||||||||||||||
Allowance for loan and lease losses (“ALLL”) | (864,631) | (842,056) | (790,520) | 2.7 | 9.4 | |||||||||||||||||||||||||||||||||
Net loans (1) | $ | 58,863,511 | $ | 58,139,309 | $ | 54,995,848 | 1.2 | % | 7.0 | % | ||||||||||||||||||||||||||||
| Deposits by product: | ||||||||||||||||||||||||||||||||||||||
| Noninterest-bearing demand | $ | 18,539,391 | $ | 18,355,698 | $ | 16,141,954 | 1.0 | % | 14.9 | % | ||||||||||||||||||||||||||||
| Interest-bearing checking | 8,137,769 | 8,047,826 | 7,854,206 | 1.1 | 3.6 | |||||||||||||||||||||||||||||||||
| Money market | 16,934,855 | 16,259,299 | 15,609,931 | 4.2 | 8.5 | |||||||||||||||||||||||||||||||||
| Savings | 2,028,208 | 1,891,021 | 1,689,978 | 7.3 | 20.0 | |||||||||||||||||||||||||||||||||
| Time deposits | 25,852,416 | 25,538,849 | 25,291,487 | 1.2 | 2.2 | |||||||||||||||||||||||||||||||||
| Total deposits | $ | 71,492,639 | $ | 70,092,693 | $ | 66,587,556 | 2.0 | % | 7.4 | % | ||||||||||||||||||||||||||||
| Deposits by segment/region: | ||||||||||||||||||||||||||||||||||||||
| Consumer and Business Banking - U.S. | $ | 37,270,185 | $ | 36,951,120 | $ | 34,378,478 | 0.9 | % | 8.4 | % | ||||||||||||||||||||||||||||
| Commercial Banking - U.S. | 25,674,675 | 24,910,459 | 23,908,133 | 3.1 | 7.4 | |||||||||||||||||||||||||||||||||
International Branches (2) | 4,264,566 | 4,133,100 | 3,835,351 | 3.2 | 11.2 | |||||||||||||||||||||||||||||||||
Treasury and Other - U.S. (3) | 4,283,213 | 4,098,014 | 4,465,594 | 4.5 | (4.1) | |||||||||||||||||||||||||||||||||
| Total deposits | $ | 71,492,639 | $ | 70,092,693 | $ | 66,587,556 | 2.0 | % | 7.4 | % | ||||||||||||||||||||||||||||
Loan-to-deposit ratio | 83.54 | % | 84.15 | % | 83.78 | % | (61) | bps | (24) | bps | ||||||||||||||||||||||||||||
(1)Includes $11 million, $13 million and $24 million of net deferred loan fees and net unamortized premiums as of September 30, 2026, June 30, 2026 and September 30, 2025, respectively.
(2)Deposits of our Hong Kong branch and China subsidiary bank branches are a subset of Commercial Banking segment deposits.
(3)Treasury and Other segment deposits reflect wholesale, public funds, and brokered deposits, primarily managed by the Company’s Treasury department.
7
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENT OF INCOME | |||||||||||||||||||||||||||||||||||||||||
| ($ and shares in thousands, except per share data) | |||||||||||||||||||||||||||||||||||||||||
| (unaudited) | |||||||||||||||||||||||||||||||||||||||||
| Table 3 | |||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | September 30, 2026 % Change | ||||||||||||||||||||||||||||||||||||||||
| September 30, 2026 | June 30, 2026 | September 30, 2025 | Qtr-o-Qtr | Yr-o-Yr | |||||||||||||||||||||||||||||||||||||
Interest and dividend income (1) | $ | 1,124,729 | $ | 1,080,823 | $ | 1,129,732 | 4.1% | (0.4)% | |||||||||||||||||||||||||||||||||
| Interest expense | 405,833 | 396,172 | 452,202 | 2.4 | (10.3) | ||||||||||||||||||||||||||||||||||||
| Net interest income before provision for credit losses | 718,896 | 684,651 | 677,530 | 5.0 | 6.1 | ||||||||||||||||||||||||||||||||||||
| Provision for credit losses | 45,000 | 33,000 | 36,000 | 36.4 | 25.0 | ||||||||||||||||||||||||||||||||||||
| Net interest income after provision for credit losses | 673,896 | 651,651 | 641,530 | 3.4% | 5.0% | ||||||||||||||||||||||||||||||||||||
| Noninterest income: | |||||||||||||||||||||||||||||||||||||||||
Commercial and consumer deposit-related fees | 32,603 | 31,621 | 28,409 | 3.1 | 14.8 | ||||||||||||||||||||||||||||||||||||
| Lending and loan servicing fees | 25,790 | 27,961 | 27,605 | (7.8) | (6.6) | ||||||||||||||||||||||||||||||||||||
| Foreign exchange income | 17,798 | 14,926 | 14,491 | 19.2 | 22.8 | ||||||||||||||||||||||||||||||||||||
| Wealth management fees | 15,540 | 19,461 | 14,562 | (20.1) | 6.7 | ||||||||||||||||||||||||||||||||||||
Customer derivative income | 1,749 | 1,895 | 6,442 | (7.7) | (72.9) | ||||||||||||||||||||||||||||||||||||
| Total fee income | 93,480 | 95,864 | 91,509 | (2.5) | 2.2 | ||||||||||||||||||||||||||||||||||||
Derivative mark-to-market and credit valuation adjustments | 6,325 | (732) | (318) | NM | NM | ||||||||||||||||||||||||||||||||||||
| Net gains on AFS debt securities | 290 | 2,931 | 57 | (90.1) | 408.8 | ||||||||||||||||||||||||||||||||||||
Other investment income (loss) (2) | 1,699 | (49) | 705 | NM | 141.0 | ||||||||||||||||||||||||||||||||||||
| Other income | 2,059 | 8,478 | 8,564 | (75.7) | (76.0) | ||||||||||||||||||||||||||||||||||||
| Total noninterest income | 103,853 | 106,492 | 100,517 | (2.5)% | 3.3% | ||||||||||||||||||||||||||||||||||||
| Noninterest expense: | |||||||||||||||||||||||||||||||||||||||||
Compensation and employee benefits (3) | 169,575 | 172,543 | 175,585 | (1.7)% | (3.4)% | ||||||||||||||||||||||||||||||||||||
| Occupancy and equipment expense | 19,224 | 19,553 | 16,970 | (1.7) | 13.3 | ||||||||||||||||||||||||||||||||||||
| Computer and software related expenses | 17,991 | 15,433 | 12,949 | 16.6 | 38.9 | ||||||||||||||||||||||||||||||||||||
Deposit insurance premiums and regulatory assessments (4) | 10,519 | 10,268 | 8,644 | 2.4 | 21.7 | ||||||||||||||||||||||||||||||||||||
| Deposit account expense | 9,493 | 8,906 | 8,851 | 6.6 | 7.3 | ||||||||||||||||||||||||||||||||||||
Other real estate owned (“OREO”) (income) expense | (185) | 2,254 | 2,186 | NM | NM | ||||||||||||||||||||||||||||||||||||
Other operating expense (2) | 32,695 | 38,869 | 36,045 | (15.9) | (9.3) | ||||||||||||||||||||||||||||||||||||
Total operating noninterest expense | 259,312 | 267,826 | 261,230 | (3.2) | (0.7) | ||||||||||||||||||||||||||||||||||||
Amortization of tax credit and CRA investments (2) | 23,731 | 22,796 | 15,693 | 4.1 | 51.2 | ||||||||||||||||||||||||||||||||||||
| Total noninterest expense | 283,043 | 290,622 | 276,923 | (2.6) | 2.2 | ||||||||||||||||||||||||||||||||||||
| Income before income taxes | 494,706 | 467,521 | 465,124 | 5.8 | 6.4 | ||||||||||||||||||||||||||||||||||||
| Income tax expense | 112,510 | 103,821 | 96,730 | 8.4 | 16.3 | ||||||||||||||||||||||||||||||||||||
| Net income | $ | 382,196 | $ | 363,700 | $ | 368,394 | 5.1% | 3.7% | |||||||||||||||||||||||||||||||||
| Earnings per share (“EPS”) | |||||||||||||||||||||||||||||||||||||||||
| - Basic | $ | 2.78 | $ | 2.65 | $ | 2.68 | 5.1% | 3.9% | |||||||||||||||||||||||||||||||||
| - Diluted | $ | 2.76 | $ | 2.63 | $ | 2.65 | 4.8 | 4.0 | |||||||||||||||||||||||||||||||||
| Weighted-average number of shares outstanding | |||||||||||||||||||||||||||||||||||||||||
| - Basic | 137,471 | 137,450 | 137,676 | 0.0% | (0.1)% | ||||||||||||||||||||||||||||||||||||
| - Diluted | 138,461 | 138,301 | 138,942 | 0.1 | (0.3) | ||||||||||||||||||||||||||||||||||||
NM - Not meaningful.
(1)Includes $32 million of discount accretion and interest recoveries from the full payment on purchased credit impaired and workout loans during the three months ended September 30, 2025.
(2)Includes DC Solar recoveries of $30 thousand and $293 thousand in Other investment income and Other operating expense, respectively, for the three months ended September 30, 2026, and $50 thousand of DC Solar recoveries in Amortization of tax credit and CRA investments for the three months ended September 30, 2025.
(3)Includes $6 million, $5 million and $27 million of additional compensation expense from the change in equity award expense recognition for retirement eligible employees for the three months ended September 30, 2026, June 30, 2026 and September 30, 2025, respectively.
(4)Includes $2 million of FDIC special assessment reversals for the three months ended September 30, 2025.
8
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | |||||||||||||||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENT OF INCOME | |||||||||||||||||||||||||||||
| ($ and shares in thousands, except per share data) | |||||||||||||||||||||||||||||
| (unaudited) | |||||||||||||||||||||||||||||
| Table 4 | |||||||||||||||||||||||||||||
| Nine Months Ended | September 30, 2026 % Change | ||||||||||||||||||||||||||||
| September 30, 2026 | September 30, 2025 | Yr-o-Yr | |||||||||||||||||||||||||||
Interest and dividend income (1) | $ | 3,261,062 | $ | 3,220,533 | 1.3% | ||||||||||||||||||||||||
| Interest expense | 1,186,322 | 1,325,728 | (10.5) | ||||||||||||||||||||||||||
| Net interest income before provision for credit losses | 2,074,740 | 1,894,805 | 9.5 | ||||||||||||||||||||||||||
| Provision for credit losses | 114,000 | 130,000 | (12.3) | ||||||||||||||||||||||||||
| Net interest income after provision for credit losses | 1,960,740 | 1,764,805 | 11.1% | ||||||||||||||||||||||||||
| Noninterest income: | |||||||||||||||||||||||||||||
| Commercial and consumer deposit-related fees | 94,843 | 82,349 | 15.2 | ||||||||||||||||||||||||||
| Lending and loan servicing fees | 79,821 | 79,421 | 0.5 | ||||||||||||||||||||||||||
| Foreign exchange income | 48,171 | 44,043 | 9.4 | ||||||||||||||||||||||||||
| Wealth management fees | 57,261 | 38,966 | 47.0 | ||||||||||||||||||||||||||
| Customer derivative income | 8,239 | 15,626 | (47.3) | ||||||||||||||||||||||||||
| Total fee income | 288,335 | 260,405 | 10.7 | ||||||||||||||||||||||||||
| Derivative mark-to-market and credit valuation adjustments | 6,527 | (3,232) | NM | ||||||||||||||||||||||||||
| Net gains on AFS debt securities | 3,837 | 934 | 310.8 | ||||||||||||||||||||||||||
Other investment income (2) | 4,606 | 3,645 | 26.4 | ||||||||||||||||||||||||||
| Other income | 9,596 | 17,045 | (43.7) | ||||||||||||||||||||||||||
| Total noninterest income | 312,901 | 278,797 | 12.2% | ||||||||||||||||||||||||||
| Noninterest expense: | |||||||||||||||||||||||||||||
Compensation and employee benefits (3) | 514,783 | 466,861 | 10.3% | ||||||||||||||||||||||||||
| Occupancy and equipment expense | 57,025 | 48,948 | 16.5 | ||||||||||||||||||||||||||
| Computer and software related expenses | 48,171 | 39,709 | 21.3 | ||||||||||||||||||||||||||
Deposit insurance premiums and regulatory assessments (4) | 29,646 | 28,162 | 5.3 | ||||||||||||||||||||||||||
| Deposit account expense | 25,932 | 27,241 | (4.8) | ||||||||||||||||||||||||||
OREO expense | 1,805 | 5,859 | (69.2) | ||||||||||||||||||||||||||
Other operating expense (2) | 108,106 | 110,640 | (2.3) | ||||||||||||||||||||||||||
| Total operating noninterest expense | 785,468 | 727,420 | 8.0 | ||||||||||||||||||||||||||
Amortization of tax credit and CRA investments (2) | 68,511 | 57,671 | 18.8 | ||||||||||||||||||||||||||
| Total noninterest expense | 853,979 | 785,091 | 8.8 | ||||||||||||||||||||||||||
| Income before income taxes | 1,419,662 | 1,258,511 | 12.8 | ||||||||||||||||||||||||||
| Income tax expense | 315,970 | 289,594 | 9.1 | ||||||||||||||||||||||||||
| Net income | $ | 1,103,692 | $ | 968,917 | 13.9% | ||||||||||||||||||||||||
| EPS | |||||||||||||||||||||||||||||
| - Basic | $ | 8.02 | $ | 7.03 | 14.1% | ||||||||||||||||||||||||
| - Diluted | $ | 7.97 | $ | 6.97 | 14.4 | ||||||||||||||||||||||||
| Weighted-average number of shares outstanding | |||||||||||||||||||||||||||||
| - Basic | 137,662 | 137,897 | (0.2)% | ||||||||||||||||||||||||||
| - Diluted | 138,512 | 139,090 | (0.4) | ||||||||||||||||||||||||||
NM - Not meaningful.
(1)Includes $32 million of discount accretion and interest recoveries from the full payment on purchased credit impaired and workout loans during the nine months ended September 30, 2025.
(2)Includes DC Solar recoveries of $30 thousand and $293 thousand in Other investment income and Other operating expense, respectively, for the nine months ended September 30, 2026, and $50 thousand of DC Solar recoveries in Amortization of tax credit and CRA investments for the nine months ended September 30, 2025.
(3)Includes $17 million and $27 million of additional compensation expense from the change in equity award expense recognition for retirement eligible employees for the nine months ended September 30, 2026 and 2025, respectively.
(4)Includes $1 million and $2 million of FDIC special assessment reversals for the nine months ended September 30, 2026 and 2025, respectively.
9
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| SELECTED AVERAGE BALANCES | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| (unaudited) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Table 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | September 30, 2026 % Change | Nine Months Ended | September 30, 2026 % Change | ||||||||||||||||||||||||||||||||||||||||||||||||||
| September 30, 2026 | June 30, 2026 | September 30, 2025 | Qtr-o-Qtr | Yr-o-Yr | September 30, 2026 | September 30, 2025 | Yr-o-Yr | ||||||||||||||||||||||||||||||||||||||||||||||
| Loans: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| C&I | $ | 19,442,270 | $ | 19,452,052 | $ | 17,799,708 | (0.1)% | 9.2% | $ | 19,218,255 | $ | 17,346,156 | 10.8% | ||||||||||||||||||||||||||||||||||||||||
| CRE: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| CRE | 15,662,228 | 15,532,163 | 15,110,134 | 0.8 | 3.7 | 15,540,500 | 14,903,483 | 4.3 | |||||||||||||||||||||||||||||||||||||||||||||
| Multifamily residential | 5,423,255 | 5,196,260 | 4,963,703 | 4.4 | 9.3 | 5,251,327 | 4,970,095 | 5.7 | |||||||||||||||||||||||||||||||||||||||||||||
| Construction and land | 780,455 | 822,119 | 752,402 | (5.1) | 3.7 | 789,714 | 706,215 | 11.8 | |||||||||||||||||||||||||||||||||||||||||||||
| Total CRE | 21,865,938 | 21,550,542 | 20,826,239 | 1.5 | 5.0 | 21,581,541 | 20,579,793 | 4.9 | |||||||||||||||||||||||||||||||||||||||||||||
| Consumer: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Residential mortgage: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Single-family residential | 15,498,607 | 15,186,553 | 14,688,172 | 2.1 | 5.5 | 15,234,821 | 14,469,661 | 5.3 | |||||||||||||||||||||||||||||||||||||||||||||
| Home equity loans | 2,042,206 | 1,987,280 | 1,848,524 | 2.8 | 10.5 | 1,981,665 | 1,839,613 | 7.7 | |||||||||||||||||||||||||||||||||||||||||||||
| Total residential mortgage | 17,540,813 | 17,173,833 | 16,536,696 | 2.1 | 6.1 | 17,216,486 | 16,309,274 | 5.6 | |||||||||||||||||||||||||||||||||||||||||||||
| Other consumer | 57,707 | 53,075 | 45,935 | 8.7 | 25.6 | 54,128 | 47,537 | 13.9 | |||||||||||||||||||||||||||||||||||||||||||||
Total loans (1) | $ | 58,906,728 | $ | 58,229,502 | $ | 55,208,578 | 1.2% | 6.7% | $ | 58,070,410 | $ | 54,282,760 | 7.0% | ||||||||||||||||||||||||||||||||||||||||
| Interest-earning assets | $ | 81,830,917 | $ | 80,089,545 | $ | 76,206,138 | 2.2% | 7.4% | $ | 79,976,667 | $ | 74,288,924 | 7.7% | ||||||||||||||||||||||||||||||||||||||||
| Total assets | $ | 84,866,588 | $ | 83,150,969 | $ | 79,310,698 | 2.1% | 7.0% | $ | 83,046,474 | $ | 77,279,375 | 7.5% | ||||||||||||||||||||||||||||||||||||||||
| Deposits: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Noninterest-bearing demand | $ | 18,269,023 | $ | 17,362,645 | $ | 15,767,292 | 5.2% | 15.9% | $ | 17,508,140 | $ | 15,331,138 | 14.2% | ||||||||||||||||||||||||||||||||||||||||
| Interest-bearing checking | 7,747,190 | 7,530,547 | 7,501,315 | 2.9 | 3.3 | 7,643,796 | 7,621,067 | 0.3 | |||||||||||||||||||||||||||||||||||||||||||||
| Money market | 16,787,308 | 16,545,079 | 16,565,937 | 1.5 | 1.3 | 16,514,110 | 15,581,506 | 6.0 | |||||||||||||||||||||||||||||||||||||||||||||
| Savings | 1,948,576 | 1,905,782 | 1,705,332 | 2.2 | 14.3 | 1,852,994 | 1,734,325 | 6.8 | |||||||||||||||||||||||||||||||||||||||||||||
| Time deposits | 25,539,637 | 25,353,592 | 24,649,891 | 0.7 | 3.6 | 25,336,683 | 23,913,370 | 6.0 | |||||||||||||||||||||||||||||||||||||||||||||
| Total deposits | $ | 70,291,734 | $ | 68,697,645 | $ | 66,189,767 | 2.3% | 6.2% | $ | 68,855,723 | $ | 64,181,406 | 7.3% | ||||||||||||||||||||||||||||||||||||||||
(1)Includes loans HFS.
10
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| QUARTER-TO-DATE AVERAGE BALANCES, YIELDS AND RATES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Table 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||
| September 30, 2026 | June 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||
Average Balance | Interest | Average Yield/Rate (1) | Average Balance | Interest | Average Yield/Rate (1) | |||||||||||||||||||||||||||||||||||||||||||||
| Assets | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest-earning assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest-bearing cash and deposits with banks | $ | 4,088,944 | $ | 31,340 | 3.04 | % | $ | 3,985,838 | $ | 31,216 | 3.14 | % | ||||||||||||||||||||||||||||||||||||||
| Resale agreements | 425,000 | 1,624 | 1.52 | % | 425,000 | 1,624 | 1.53 | % | ||||||||||||||||||||||||||||||||||||||||||
| Debt securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
| AFS | 15,413,280 | 173,084 | 4.46 | % | 14,441,915 | 158,285 | 4.40 | % | ||||||||||||||||||||||||||||||||||||||||||
| HTM | 2,837,584 | 12,013 | 1.68 | % | 2,849,553 | 12,044 | 1.70 | % | ||||||||||||||||||||||||||||||||||||||||||
| Total debt securities | 18,250,864 | 185,097 | 4.02 | % | 17,291,468 | 170,329 | 3.95 | % | ||||||||||||||||||||||||||||||||||||||||||
| Loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||
| C&I | 19,442,270 | 312,463 | 6.38 | % | 19,452,052 | 304,621 | 6.28 | % | ||||||||||||||||||||||||||||||||||||||||||
| CRE | 21,865,938 | 330,294 | 5.99 | % | 21,550,542 | 320,535 | 5.97 | % | ||||||||||||||||||||||||||||||||||||||||||
| Residential mortgage | 17,540,813 | 255,369 | 5.78 | % | 17,173,833 | 248,541 | 5.80 | % | ||||||||||||||||||||||||||||||||||||||||||
| Other consumer | 57,707 | 855 | 5.88 | % | 53,075 | 792 | 5.98 | % | ||||||||||||||||||||||||||||||||||||||||||
Total loans (2) | 58,906,728 | 898,981 | 6.05 | % | 58,229,502 | 874,489 | 6.02 | % | ||||||||||||||||||||||||||||||||||||||||||
| FHLB and FRB stock | 159,381 | 7,687 | 19.14 | % | 157,737 | 3,165 | 8.05 | % | ||||||||||||||||||||||||||||||||||||||||||
| Total interest-earning assets | $ | 81,830,917 | $ | 1,124,729 | 5.45 | % | $ | 80,089,545 | $ | 1,080,823 | 5.41 | % | ||||||||||||||||||||||||||||||||||||||
| Noninterest-earning assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash and due from banks | 301,160 | 311,337 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Allowance for loan and lease losses | (865,002) | (854,564) | ||||||||||||||||||||||||||||||||||||||||||||||||
| Other assets | 3,599,513 | 3,604,651 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Total assets | $ | 84,866,588 | $ | 83,150,969 | ||||||||||||||||||||||||||||||||||||||||||||||
| Liabilities and Stockholders’ Equity | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest-bearing liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Checking deposits | $ | 7,747,190 | $ | 40,714 | 2.08 | % | $ | 7,530,547 | $ | 37,692 | 2.01 | % | ||||||||||||||||||||||||||||||||||||||
| Money market deposits | 16,787,308 | 112,053 | 2.65 | % | 16,545,079 | 108,628 | 2.63 | % | ||||||||||||||||||||||||||||||||||||||||||
| Savings deposits | 1,948,576 | 5,002 | 1.02 | % | 1,905,782 | 4,511 | 0.95 | % | ||||||||||||||||||||||||||||||||||||||||||
| Time deposits | 25,539,637 | 210,632 | 3.27 | % | 25,353,592 | 208,591 | 3.30 | % | ||||||||||||||||||||||||||||||||||||||||||
Total interest-bearing deposits | 52,022,711 | 368,401 | 2.81 | % | 51,335,000 | 359,422 | 2.81 | % | ||||||||||||||||||||||||||||||||||||||||||
Short-term borrowings and federal funds purchased | 514 | 7 | 5.44 | % | 364 | 5 | 5.08 | % | ||||||||||||||||||||||||||||||||||||||||||
| FHLB advances | 3,040,218 | 29,902 | 3.90 | % | 3,041,759 | 29,455 | 3.88 | % | ||||||||||||||||||||||||||||||||||||||||||
Repurchase agreements | 710,815 | 6,904 | 3.85 | % | 707,880 | 6,680 | 3.79 | % | ||||||||||||||||||||||||||||||||||||||||||
| Long-term debt and finance lease liabilities | 35,376 | 619 | 6.94 | % | 35,480 | 610 | 6.89 | % | ||||||||||||||||||||||||||||||||||||||||||
| Total interest-bearing liabilities | $ | 55,809,634 | $ | 405,833 | 2.88 | % | $ | 55,120,483 | $ | 396,172 | 2.88 | % | ||||||||||||||||||||||||||||||||||||||
| Noninterest-bearing liabilities and stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Demand deposits | 18,269,023 | 17,362,645 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Accrued expenses and other liabilities | 1,483,003 | 1,553,445 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Stockholders’ equity | 9,304,928 | 9,114,396 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Total liabilities and stockholders’ equity | $ | 84,866,588 | $ | 83,150,969 | ||||||||||||||||||||||||||||||||||||||||||||||
Total deposits | $ | 70,291,734 | $ | 368,401 | 2.08 | % | $ | 68,697,645 | $ | 359,422 | 2.10 | % | ||||||||||||||||||||||||||||||||||||||
| Interest rate spread | 2.57 | % | 2.53 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Net interest income and net interest margin | $ | 718,896 | 3.49 | % | $ | 684,651 | 3.43 | % | ||||||||||||||||||||||||||||||||||||||||||
(1)Annualized.
(2)Includes loans HFS.
11
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| QUARTER-TO-DATE AVERAGE BALANCES, YIELDS AND RATES | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| (unaudited) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Table 7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| September 30, 2026 | September 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Average Balance | Interest | Average Yield/Rate (1) | Average Balance | Interest | Average Yield/Rate (1) | ||||||||||||||||||||||||||||||||||||||||||||||||
| Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest-earning assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest-bearing cash and deposits with banks | $ | 4,088,944 | $ | 31,340 | 3.04 | % | $ | 4,873,674 | $ | 47,170 | 3.84 | % | |||||||||||||||||||||||||||||||||||||||||
Resale agreements | 425,000 | 1,624 | 1.52 | % | 425,000 | 1,616 | 1.51 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Debt securities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| AFS | 15,413,280 | 173,084 | 4.46 | % | 12,650,323 | 146,336 | 4.59 | % | |||||||||||||||||||||||||||||||||||||||||||||
| HTM | 2,837,584 | 12,013 | 1.68 | % | 2,884,267 | 12,226 | 1.68 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Total debt securities | 18,250,864 | 185,097 | 4.02 | % | 15,534,590 | 158,562 | 4.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Loans: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| C&I | 19,442,270 | 312,463 | 6.38 | % | 17,799,708 | 345,947 | 7.71 | % | (2) | ||||||||||||||||||||||||||||||||||||||||||||
| CRE | 21,865,938 | 330,294 | 5.99 | % | 20,826,239 | 327,168 | 6.23 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Residential mortgage | 17,540,813 | 255,369 | 5.78 | % | 16,536,696 | 245,728 | 5.90 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Other consumer | 57,707 | 855 | 5.88 | % | 45,935 | 675 | 5.83 | % | |||||||||||||||||||||||||||||||||||||||||||||
Total loans (3) | 58,906,728 | 898,981 | 6.05 | % | 55,208,578 | 919,518 | 6.61 | % | (2) | ||||||||||||||||||||||||||||||||||||||||||||
| FHLB and FRB stock | 159,381 | 7,687 | 19.14 | % | 164,296 | 2,866 | 6.92 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Total interest-earning assets | $ | 81,830,917 | $ | 1,124,729 | 5.45 | % | $ | 76,206,138 | $ | 1,129,732 | 5.88 | % | |||||||||||||||||||||||||||||||||||||||||
| Noninterest-earning assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash and due from banks | 301,160 | 410,446 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Allowance for loan, lease and securities’ losses | (865,002) | (789,195) | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Other assets | 3,599,513 | 3,483,309 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Total assets | $ | 84,866,588 | $ | 79,310,698 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Liabilities and Stockholders’ Equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest-bearing liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Checking deposits | $ | 7,747,190 | $ | 40,714 | 2.08 | % | $ | 7,501,315 | $ | 46,725 | 2.47 | % | |||||||||||||||||||||||||||||||||||||||||
| Money market deposits | 16,787,308 | 112,053 | 2.65 | % | 16,565,937 | 133,951 | 3.21 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Savings deposits | 1,948,576 | 5,002 | 1.02 | % | 1,705,332 | 3,353 | 0.78 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Time deposits | 25,539,637 | 210,632 | 3.27 | % | 24,649,891 | 230,608 | 3.71 | % | |||||||||||||||||||||||||||||||||||||||||||||
Total interest-bearing deposits | 52,022,711 | 368,401 | 2.81 | % | 50,422,475 | 414,637 | 3.26 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Short-term borrowings and federal funds purchased | 514 | 7 | 5.44 | % | 474 | 3 | 2.62 | % | |||||||||||||||||||||||||||||||||||||||||||||
| FHLB advances | 3,040,218 | 29,902 | 3.90 | % | 3,228,262 | 36,740 | 4.52 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Repurchase agreements | 710,815 | 6,904 | 3.85 | % | 13,012 | 148 | 4.51 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Long-term debt and finance lease liabilities | 35,376 | 619 | 6.94 | % | 35,732 | 674 | 7.49 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Total interest-bearing liabilities | $ | 55,809,634 | $ | 405,833 | 2.88 | % | $ | 53,699,955 | $ | 452,202 | 3.34 | % | |||||||||||||||||||||||||||||||||||||||||
| Noninterest-bearing liabilities and stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Demand deposits | 18,269,023 | 15,767,292 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Accrued expenses and other liabilities | 1,483,003 | 1,462,237 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Stockholders’ equity | 9,304,928 | 8,381,214 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Total liabilities and stockholders’ equity | $ | 84,866,588 | $ | 79,310,698 | |||||||||||||||||||||||||||||||||||||||||||||||||
Total deposits | $ | 70,291,734 | $ | 368,401 | 2.08 | % | $ | 66,189,767 | $ | 414,637 | 2.49 | % | |||||||||||||||||||||||||||||||||||||||||
| Interest rate spread | 2.57 | % | 2.54 | % | |||||||||||||||||||||||||||||||||||||||||||||||||
Adjusted interest rate spread (4) | 2.57 | % | 2.37 | % | |||||||||||||||||||||||||||||||||||||||||||||||||
| Net interest income and net interest margin | $ | 718,896 | 3.49 | % | $ | 677,530 | 3.53 | % | |||||||||||||||||||||||||||||||||||||||||||||
Adjusted net interest income and adjusted net interest margin (4) | $ | 718,896 | 3.49 | % | $ | 645,234 | 3.36 | % | |||||||||||||||||||||||||||||||||||||||||||||
(1)Annualized.
(2)Includes $32 million of additional interest income from discount accretion and interest recoveries from the full payment on purchased credit impaired and workout loans during the three months ended September 30, 2025.
(3)Includes loans HFS.
(4)See reconciliation of GAAP to non-GAAP measures in Table 12.
12
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| YEAR-TO-DATE AVERAGE BALANCES, YIELDS AND RATES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Table 8 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Nine Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||
| September 30, 2026 | September 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||
Average Balance | Interest | Average Yield/Rate (1) | Average Balance | Interest | Average Yield/Rate (1) | |||||||||||||||||||||||||||||||||||||||||||||
| Assets | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest-earning assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest-bearing cash and deposits with banks | $ | 3,980,951 | $ | 92,407 | 3.10 | % | $ | 4,232,434 | $ | 121,242 | 3.83 | % | ||||||||||||||||||||||||||||||||||||||
Resale agreements | 425,000 | 4,873 | 1.53 | % | 425,000 | 4,850 | 1.53 | % | ||||||||||||||||||||||||||||||||||||||||||
| Debt securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
| AFS | 14,494,750 | 479,533 | 4.42 | % | 12,287,338 | 423,351 | 4.61 | % | ||||||||||||||||||||||||||||||||||||||||||
| HTM | 2,849,426 | 36,071 | 1.69 | % | 2,896,271 | 36,783 | 1.70 | % | ||||||||||||||||||||||||||||||||||||||||||
| Total debt securities | 17,344,176 | 515,604 | 3.97 | % | 15,183,609 | 460,134 | 4.05 | % | ||||||||||||||||||||||||||||||||||||||||||
| Loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||
| C&I | 19,218,255 | 914,399 | 6.36 | % | 17,346,156 | 943,152 | 7.27 | % | (2) | |||||||||||||||||||||||||||||||||||||||||
| CRE | 21,581,541 | 966,752 | 5.99 | % | 20,579,793 | 958,220 | 6.23 | % | ||||||||||||||||||||||||||||||||||||||||||
| Residential mortgage | 17,216,486 | 748,794 | 5.81 | % | 16,309,274 | 722,285 | 5.92 | % | ||||||||||||||||||||||||||||||||||||||||||
| Other consumer | 54,128 | 2,403 | 5.94 | % | 47,537 | 1,968 | 5.54 | % | ||||||||||||||||||||||||||||||||||||||||||
Total loans (3) | 58,070,410 | 2,632,348 | 6.06 | % | 54,282,760 | 2,625,625 | 6.47 | % | (2) | |||||||||||||||||||||||||||||||||||||||||
| FHLB and FRB stock | 156,130 | 15,830 | 13.56 | % | 165,121 | 8,682 | 7.03 | % | ||||||||||||||||||||||||||||||||||||||||||
| Total interest-earning assets | $ | 79,976,667 | $ | 3,261,062 | 5.45 | % | $ | 74,288,924 | $ | 3,220,533 | 5.80 | % | ||||||||||||||||||||||||||||||||||||||
| Noninterest-earning assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash and due from banks | 348,826 | 368,909 | ||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan, lease and securities’ losses | (852,234) | (750,458) | ||||||||||||||||||||||||||||||||||||||||||||||||
| Other assets | 3,573,215 | 3,372,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Total assets | $ | 83,046,474 | $ | 77,279,375 | ||||||||||||||||||||||||||||||||||||||||||||||
| Liabilities and Stockholders’ Equity | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest-bearing liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Checking deposits | $ | 7,643,796 | $ | 117,851 | 2.06 | % | $ | 7,621,067 | $ | 141,649 | 2.48 | % | ||||||||||||||||||||||||||||||||||||||
| Money market deposits | 16,514,110 | 325,559 | 2.64 | % | 15,581,506 | 374,251 | 3.21 | % | ||||||||||||||||||||||||||||||||||||||||||
| Savings deposits | 1,852,994 | 12,523 | 0.90 | % | 1,734,325 | 10,500 | 0.81 | % | ||||||||||||||||||||||||||||||||||||||||||
| Time deposits | 25,336,683 | 627,302 | 3.31 | % | 23,913,370 | 680,806 | 3.81 | % | ||||||||||||||||||||||||||||||||||||||||||
Total interest-bearing deposits | 51,347,583 | 1,083,235 | 2.82 | % | 48,850,268 | 1,207,206 | 3.30 | % | ||||||||||||||||||||||||||||||||||||||||||
| Short-term borrowings and federal funds purchased | 481 | 16 | 4.34 | % | 520 | 10 | 2.57 | % | ||||||||||||||||||||||||||||||||||||||||||
| FHLB advances | 2,888,096 | 84,361 | 3.91 | % | 3,408,426 | 114,919 | 4.51 | % | ||||||||||||||||||||||||||||||||||||||||||
| Repurchase agreements | 590,911 | 16,874 | 3.82 | % | 46,275 | 1,577 | 4.56 | % | ||||||||||||||||||||||||||||||||||||||||||
| Long-term debt and finance lease liabilities | 35,473 | 1,836 | 6.92 | % | 35,820 | 2,016 | 7.53 | % | ||||||||||||||||||||||||||||||||||||||||||
| Total interest-bearing liabilities | $ | 54,862,544 | $ | 1,186,322 | 2.89 | % | $ | 52,341,309 | $ | 1,325,728 | 3.39 | % | ||||||||||||||||||||||||||||||||||||||
| Noninterest-bearing liabilities and stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Demand deposits | 17,508,140 | 15,331,138 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Accrued expenses and other liabilities | 1,519,281 | 1,498,313 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Stockholders’ equity | 9,156,509 | 8,108,615 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Total liabilities and stockholders’ equity | $ | 83,046,474 | $ | 77,279,375 | ||||||||||||||||||||||||||||||||||||||||||||||
Total deposits | $ | 68,855,723 | $ | 1,083,235 | 2.10 | % | $ | 64,181,406 | $ | 1,207,206 | 2.51 | % | ||||||||||||||||||||||||||||||||||||||
| Interest rate spread | 2.56 | % | 2.41 | % | ||||||||||||||||||||||||||||||||||||||||||||||
Adjusted interest rate spread (4) | 2.56 | % | 2.35 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Net interest income and net interest margin | $ | 2,074,740 | 3.47 | % | $ | 1,894,805 | 3.41 | % | ||||||||||||||||||||||||||||||||||||||||||
Adjusted net interest income and adjusted net interest margin (4) | $ | 2,074,740 | 3.47 | % | $ | 1,862,509 | 3.35 | % | ||||||||||||||||||||||||||||||||||||||||||
(1)Annualized.
(2)Includes $32 million of additional interest income from discount accretion and interest recoveries from the full payment on purchased credit impaired and workout loans during the nine months ended September 30, 2025.
(3)Includes loans HFS.
(4)See reconciliation of GAAP to non-GAAP measures in Table 12.
13
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||||||||||||||
| SELECTED RATIOS | ||||||||||||||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||||||||||||||
| Table 9 | ||||||||||||||||||||||||||||||||||||||
Three Months Ended (1) | September 30, 2026 Basis Point Change | |||||||||||||||||||||||||||||||||||||
| September 30, 2026 | June 30, 2026 | September 30, 2025 | Qtr-o-Qtr | Yr-o-Yr | ||||||||||||||||||||||||||||||||||
| Return on average assets | 1.79 | % | 1.75 | % | 1.84 | % | 4 | bps | (5) | bps | ||||||||||||||||||||||||||||
Adjusted return on average assets (2) | 1.79 | % | 1.75 | % | 1.82 | % | 4 | (3) | ||||||||||||||||||||||||||||||
| Return on average common equity | 16.30 | % | 16.01 | % | 17.44 | % | 29 | (114) | ||||||||||||||||||||||||||||||
Adjusted return on average common equity (2) | 16.29 | % | 16.01 | % | 17.20 | % | 28 | (91) | ||||||||||||||||||||||||||||||
Return on average TCE (3) | 17.17 | % | 16.88 | % | 18.48 | % | 29 | (131) | ||||||||||||||||||||||||||||||
Adjusted return on average TCE (3) | 17.16 | % | 16.88 | % | 18.23 | % | 28 | (107) | ||||||||||||||||||||||||||||||
| Interest rate spread | 2.57 | % | 2.53 | % | 2.54 | % | 4 | 3 | ||||||||||||||||||||||||||||||
Adjusted interest rate spread (4) | 2.57 | % | 2.53 | % | 2.37 | % | 4 | 20 | ||||||||||||||||||||||||||||||
| Net interest margin | 3.49 | % | 3.43 | % | 3.53 | % | 6 | (4) | ||||||||||||||||||||||||||||||
Adjusted net interest margin (4) | 3.49 | % | 3.43 | % | 3.36 | % | 6 | 13 | ||||||||||||||||||||||||||||||
| Average loan yield | 6.05 | % | 6.02 | % | 6.61 | % | 3 | (56) | ||||||||||||||||||||||||||||||
Adjusted average loan yield (4) | 6.05 | % | 6.02 | % | 6.38 | % | 3 | (33) | ||||||||||||||||||||||||||||||
| Yield on average interest-earning assets | 5.45 | % | 5.41 | % | 5.88 | % | 4 | (43) | ||||||||||||||||||||||||||||||
Adjusted yield on average interest-earning assets (4) | 5.45 | % | 5.41 | % | 5.71 | % | 4 | (26) | ||||||||||||||||||||||||||||||
| Average cost of interest-bearing deposits | 2.81 | % | 2.81 | % | 3.26 | % | — | (45) | ||||||||||||||||||||||||||||||
| Average cost of deposits | 2.08 | % | 2.10 | % | 2.49 | % | (2) | (41) | ||||||||||||||||||||||||||||||
| Average cost of funds | 2.17 | % | 2.19 | % | 2.58 | % | (2) | (41) | ||||||||||||||||||||||||||||||
| Operating noninterest expense/average assets | 1.21 | % | 1.29 | % | 1.31 | % | (8) | (10) | ||||||||||||||||||||||||||||||
| Efficiency ratio | 34.40 | % | 36.73 | % | 35.59 | % | (233) | (119) | ||||||||||||||||||||||||||||||
Adjusted efficiency ratio (5) | 34.44 | % | 36.73 | % | 33.76 | % | (229) | 68 | ||||||||||||||||||||||||||||||
Efficiency ratio (fully taxable equivalent) (“FTE”) (5) | 34.35 | % | 36.68 | % | 35.51 | % | (233) | (116) | ||||||||||||||||||||||||||||||
Adjusted efficiency ratio (FTE) (5) | 34.39 | % | 36.68 | % | 33.67 | % | (229) | 72 | ||||||||||||||||||||||||||||||
| Effective tax rate | 22.74 | % | 22.21 | % | 20.80 | % | 53 | 194 | ||||||||||||||||||||||||||||||
Adjusted effective tax rate (6) | 22.74 | % | 22.21 | % | 20.80 | % | 53 | bps | 194 | bps | ||||||||||||||||||||||||||||
Refer to table footnotes on the following page.
14
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||||||||||||||
| SELECTED RATIOS | ||||||||||||||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||||||||||||||
| Table 9 (continued) | ||||||||||||||||||||||||||||||||||||||
Nine Months Ended (1) | September 30, 2026 Basis Point Change | |||||||||||||||||||||||||||||||||||||
| September 30, 2026 | September 30, 2025 | Yr-o-Yr | ||||||||||||||||||||||||||||||||||||
| Return on average assets | 1.78 | % | 1.68 | % | 10 | bps | ||||||||||||||||||||||||||||||||
Adjusted return on average assets (2) | 1.78 | % | 1.68 | % | 10 | |||||||||||||||||||||||||||||||||
| Return on average common equity | 16.12 | % | 15.98 | % | 14 | |||||||||||||||||||||||||||||||||
Adjusted return on average common equity (2) | 16.10 | % | 16.00 | % | 10 | |||||||||||||||||||||||||||||||||
Return on average TCE (3) | 16.99 | % | 16.97 | % | 2 | |||||||||||||||||||||||||||||||||
Adjusted return on average TCE (3) | 16.98 | % | 16.99 | % | (1) | |||||||||||||||||||||||||||||||||
| Interest rate spread | 2.56 | % | 2.41 | % | 15 | |||||||||||||||||||||||||||||||||
Adjusted interest rate spread (4) | 2.56 | % | 2.35 | % | 21 | |||||||||||||||||||||||||||||||||
| Net interest margin | 3.47 | % | 3.41 | % | 6 | |||||||||||||||||||||||||||||||||
Adjusted net interest margin (4) | 3.47 | % | 3.35 | % | 12 | |||||||||||||||||||||||||||||||||
| Average loan yield | 6.06 | % | 6.47 | % | (41) | |||||||||||||||||||||||||||||||||
Adjusted average loan yield (4) | 6.06 | % | 6.39 | % | (33) | |||||||||||||||||||||||||||||||||
| Yield on average interest-earning assets | 5.45 | % | 5.80 | % | (35) | |||||||||||||||||||||||||||||||||
Adjusted yield on average interest-earning assets (4) | 5.45 | % | 5.74 | % | (29) | |||||||||||||||||||||||||||||||||
| Average cost of interest-bearing deposits | 2.82 | % | 3.30 | % | (48) | |||||||||||||||||||||||||||||||||
| Average cost of deposits | 2.10 | % | 2.51 | % | (41) | |||||||||||||||||||||||||||||||||
| Average cost of funds | 2.19 | % | 2.62 | % | (43) | |||||||||||||||||||||||||||||||||
| Operating noninterest expense/average assets | 1.26 | % | 1.26 | % | — | |||||||||||||||||||||||||||||||||
| Efficiency ratio | 35.77 | % | 36.12 | % | (35) | |||||||||||||||||||||||||||||||||
Adjusted efficiency ratio (5) | 35.82 | % | 35.49 | % | 33 | |||||||||||||||||||||||||||||||||
Efficiency ratio (FTE) (5) | 35.71 | % | 36.04 | % | (33) | |||||||||||||||||||||||||||||||||
Adjusted efficiency ratio (FTE) (5) | 35.77 | % | 35.41 | % | 36 | |||||||||||||||||||||||||||||||||
| Effective tax rate | 22.26 | % | 23.01 | % | (75) | |||||||||||||||||||||||||||||||||
Adjusted effective tax rate (6) | 22.26 | % | 22.50 | % | (24) | bps | ||||||||||||||||||||||||||||||||
(1)Annualized except for efficiency ratio and effective tax rate.
(2)Adjusted return on average assets and adjusted return on average common equity are non-GAAP financial measures. See reconciliation of GAAP to non-GAAP financial measures in Table 14.
(3)Return on average TCE and adjusted return on average TCE are non-GAAP financial measures. See reconciliation of GAAP to non-GAAP financial measures in Table 16.
(4)Adjusted interest rate spread, adjusted net interest margin, adjusted average loan yield and adjusted yield on average interest-earning assets are non-GAAP financial measures. See reconciliation of GAAP to non-GAAP financial measures in Table 12.
(5)Adjusted efficiency ratio, efficiency ratio (FTE) and adjusted efficiency ratio (FTE) are non-GAAP financial measures. See reconciliation of GAAP to non-GAAP financial measures in Table 15.
(6)Adjusted effective tax rate is a non-GAAP financial measure. See reconciliation of GAAP to non-GAAP financial measures in Table 13.
15
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ALLOWANCE FOR CREDIT LOSSES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Table 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended September 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commercial | Consumer | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CRE | Residential Mortgage | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | C&I | CRE | Multifamily Residential | Construction and Land | SFR | Home equity loans | Other Consumer | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
ALLL, June 30, 2026 | $ | 481,087 | $ | 231,351 | $ | 40,340 | $ | 19,968 | $ | 61,248 | $ | 6,560 | $ | 1,502 | $ | 842,056 | ||||||||||||||||||||||||||||||||||||||||||||||
| Provision for (reversal of) credit losses on loans | (a) | 28,596 | 6,314 | 5,164 | (1,862) | 5,850 | (282) | 107 | 43,887 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gross charge-offs | (27,663) | (2,145) | — | — | — | — | (55) | (29,863) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gross recoveries | 8,183 | 2 | 111 | — | 3 | 3 | 1 | 8,303 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total net (charge-offs) recoveries | (19,480) | (2,143) | 111 | — | 3 | 3 | (54) | (21,560) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign currency translation adjustment | 248 | — | — | — | — | — | — | 248 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
ALLL, September 30, 2026 | $ | 490,451 | $ | 235,522 | $ | 45,615 | $ | 18,106 | $ | 67,101 | $ | 6,281 | $ | 1,555 | $ | 864,631 | ||||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended June 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commercial | Consumer | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CRE | Residential Mortgage | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | C&I | CRE | Multifamily Residential | Construction and Land | SFR | Home equity loans | Other Consumer | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ALLL, March 31, 2026 | $ | 483,384 | $ | 231,802 | $ | 39,446 | $ | 17,170 | $ | 56,883 | $ | 5,899 | $ | 1,290 | $ | 835,874 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Provision for credit losses on loans | (a) | 18,928 | 5,145 | 882 | 2,799 | 4,273 | 670 | 227 | 32,924 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gross charge-offs | (21,960) | (6,848) | — | (1) | (31) | (11) | (18) | (28,869) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gross recoveries | 394 | 1,252 | 12 | — | 123 | 2 | 3 | 1,786 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total net (charge-offs) recoveries | (21,566) | (5,596) | 12 | (1) | 92 | (9) | (15) | (27,083) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign currency translation adjustment | 341 | — | — | — | — | — | — | 341 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ALLL, June 30, 2026 | $ | 481,087 | $ | 231,351 | $ | 40,340 | $ | 19,968 | $ | 61,248 | $ | 6,560 | $ | 1,502 | $ | 842,056 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended September 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commercial | Consumer | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CRE | Residential Mortgage | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | C&I | CRE | Multifamily Residential | Construction and Land | SFR | Home equity loans | Other Consumer | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ALLL, June 30, 2025 | $ | 442,291 | $ | 212,618 | $ | 29,073 | $ | 17,856 | $ | 51,997 | $ | 5,256 | $ | 1,325 | $ | 760,416 | |||||||||||||||||||||||||||||||||||||||||||||||||
| ALLL recognized on purchased credit-deteriorated (“PCD”) loans | 18,175 | — | — | — | — | — | — | 18,175 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (Reversal of) provision for credit losses on loans | (a) | (992) | 14,552 | 6,101 | 671 | 8,873 | 854 | (143) | 29,916 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gross charge-offs | (25,325) | (5) | — | — | — | — | (73) | (25,403) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gross recoveries | 7,236 | 2 | 13 | 3 | 6 | 3 | — | 7,263 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total net (charge-offs) recoveries | (18,089) | (3) | 13 | 3 | 6 | 3 | (73) | (18,140) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign currency translation adjustment | 153 | — | — | — | — | — | — | 153 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ALLL, September 30, 2025 | $ | 441,538 | $ | 227,167 | $ | 35,187 | $ | 18,530 | $ | 60,876 | $ | 6,113 | $ | 1,109 | $ | 790,520 | |||||||||||||||||||||||||||||||||||||||||||||||||
16
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ALLOWANCE FOR CREDIT LOSSES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Table 10 (continued) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Nine Months Ended September 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commercial | Consumer | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CRE | Residential Mortgage | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | C&I | CRE | Multifamily Residential | Construction and Land | SFR | Home equity loans | Other Consumer | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
ALLL, December 31, 2025 | $ | 475,613 | $ | 221,494 | $ | 36,555 | $ | 15,468 | $ | 53,463 | $ | 5,804 | $ | 1,376 | $ | 809,773 | ||||||||||||||||||||||||||||||||||||||||||||||
| Provision for credit losses on loans | (a) | 65,416 | 22,619 | 8,926 | 3,530 | 13,642 | 480 | 72 | 114,685 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gross charge-offs | (68,008) | (10,298) | — | (894) | (152) | (11) | (148) | (79,511) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gross recoveries | 16,495 | 1,707 | 134 | 2 | 148 | 8 | 255 | 18,749 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total net (charge-offs) recoveries | (51,513) | (8,591) | 134 | (892) | (4) | (3) | 107 | (60,762) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign currency translation adjustment | 935 | — | — | — | — | — | — | 935 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
ALLL, September 30, 2026 | $ | 490,451 | $ | 235,522 | $ | 45,615 | $ | 18,106 | $ | 67,101 | $ | 6,281 | $ | 1,555 | $ | 864,631 | ||||||||||||||||||||||||||||||||||||||||||||||
| Nine Months Ended September 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commercial | Consumer | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CRE | Residential Mortgage | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | C&I | CRE | Multifamily Residential | Construction and Land | SFR | Home equity loans | Other Consumer | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ALLL, December 31, 2024 | $ | 384,319 | 218,677 | 32,117 | 17,497 | 44,816 | 3,132 | 1,494 | $ | 702,052 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ALLL recognized on PCD loans | 18,175 | — | — | — | — | — | — | 18,175 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Provision for (reversal of) credit losses on loans | (a) | 62,973 | 30,664 | 3,028 | 3,020 | 16,009 | 2,962 | (522) | 118,134 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gross charge-offs | (34,464) | (22,248) | (7) | (1,996) | (9) | — | (126) | (58,850) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gross recoveries | 10,304 | 74 | 49 | 9 | 60 | 19 | 263 | 10,778 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total net (charge-offs) recoveries | (24,160) | (22,174) | 42 | (1,987) | 51 | 19 | 137 | (48,072) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign currency translation adjustment | 231 | — | — | — | — | — | — | 231 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ALLL, September 30, 2025 | $ | 441,538 | $ | 227,167 | $ | 35,187 | $ | 18,530 | $ | 60,876 | $ | 6,113 | $ | 1,109 | $ | 790,520 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||||||
| ($ in thousands) | September 30, 2026 | June 30, 2026 | September 30, 2025 | September 30, 2026 | September 30, 2025 | ||||||||||||||||||||||||||||||
| Unfunded Credit Facilities | |||||||||||||||||||||||||||||||||||
Allowance for unfunded credit commitments, beginning of period (1) | $ | 47,077 | $ | 47,005 | $ | 45,307 | $ | 48,690 | $ | 39,526 | |||||||||||||||||||||||||
| Provision for (reversal of) credit losses on unfunded credit commitments | (b) | 1,113 | 76 | 3,084 | (493) | 8,866 | |||||||||||||||||||||||||||||
| Foreign currency translation adjustment | (3) | (4) | (1) | (10) | (2) | ||||||||||||||||||||||||||||||
Allowance for unfunded credit commitments, end of period (1) | $ | 48,187 | $ | 47,077 | $ | 48,390 | $ | 48,187 | $ | 48,390 | |||||||||||||||||||||||||
Provision for credit losses: | |||||||||||||||||||||||||||||||||||
Provision for credit losses on loans and unfunded credit commitments | (a)+(b) | $ | 45,000 | $ | 33,000 | $ | 33,000 | $ | 114,192 | $ | 127,000 | ||||||||||||||||||||||||
| Provision for (reversal of) credit losses on AFS debt securities | (c) | — | — | 3,000 | (192) | 3,000 | |||||||||||||||||||||||||||||
Total provision for credit losses | (a)+(b)+(c) | $ | 45,000 | $ | 33,000 | $ | 36,000 | $ | 114,000 | $ | 130,000 | ||||||||||||||||||||||||
(1)Included in Accrued expenses and other liabilities on the Condensed Consolidated Balance Sheet.
17
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||
CRITICIZED LOANS, NONPERFORMING ASSETS, CREDIT QUALITY RATIOS AND | ||||||||||||||||||||||||||
| COMPOSITION OF ALLOWANCE BY PORTFOLIO | ||||||||||||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||
| Table 11 | ||||||||||||||||||||||||||
| Criticized Loans | September 30, 2026 | June 30, 2026 | September 30, 2025 | |||||||||||||||||||||||
| Special mention loans | $ | 475,469 | $ | 433,342 | $ | 422,751 | ||||||||||||||||||||
| Classified loans | 878,139 | 854,382 | 768,568 | |||||||||||||||||||||||
Total criticized loans (1) | $ | 1,353,608 | $ | 1,287,724 | $ | 1,191,319 | ||||||||||||||||||||
(1)Excludes loans HFS.
Nonperforming Assets | September 30, 2026 | June 30, 2026 | September 30, 2025 | |||||||||||||||||||||||
| Nonaccrual loans: | ||||||||||||||||||||||||||
| Commercial: | ||||||||||||||||||||||||||
| C&I | $ | 49,768 | $ | 48,692 | $ | 70,065 | ||||||||||||||||||||
| Total CRE | 64,056 | 89,122 | 29,772 | |||||||||||||||||||||||
| Consumer: | ||||||||||||||||||||||||||
| Total residential mortgage | 60,515 | 67,082 | 57,024 | |||||||||||||||||||||||
| Other consumer | 16 | 62 | 73 | |||||||||||||||||||||||
| Total nonaccrual loans | 174,355 | 204,958 | 156,934 | |||||||||||||||||||||||
OREO, net | 64,362 | 24,576 | 24,208 | |||||||||||||||||||||||
| Nonperforming loans HFS | 17,425 | 17,425 | 19,596 | |||||||||||||||||||||||
| Total nonperforming assets | $ | 256,142 | $ | 246,959 | $ | 200,738 | ||||||||||||||||||||
| Credit Quality Ratios | September 30, 2026 | June 30, 2026 | September 30, 2025 | |||||||||||||||||||||||
| Annualized quarterly net charge-offs to average loans HFI | 0.15 | % | 0.19 | % | 0.13 | % | ||||||||||||||||||||
| Annualized YTD net charge-offs to YTD average loans HFI | 0.14 | % | 0.14 | % | 0.12 | % | ||||||||||||||||||||
| Special mention loans to loans HFI | 0.80 | % | 0.73 | % | 0.76 | % | ||||||||||||||||||||
| Classified loans to loans HFI | 1.47 | % | 1.45 | % | 1.38 | % | ||||||||||||||||||||
| Criticized loans to loans HFI | 2.27 | % | 2.18 | % | 2.14 | % | ||||||||||||||||||||
| Nonperforming assets to total assets | 0.30 | % | 0.29 | % | 0.25 | % | ||||||||||||||||||||
| Nonaccrual loans to loans HFI | 0.29 | % | 0.35 | % | 0.28 | % | ||||||||||||||||||||
ALLL to loans HFI | 1.45 | % | 1.43 | % | 1.42 | % | ||||||||||||||||||||
Composition of ALLL by Portfolio | September 30, 2026 | June 30, 2026 | September 30, 2025 | |||||||||||||||||||||||||||||||||||||||||
| Loan Category | ALLL | ALLL/ Loans HFI | ALLL | ALLL/ Loans HFI | ALLL | ALLL/ Loans HFI | ||||||||||||||||||||||||||||||||||||||
| C&I | $ | 490,451 | 2.48 | % | $ | 481,087 | 2.42 | % | $ | 441,538 | 2.45 | % | ||||||||||||||||||||||||||||||||
| Total CRE | 299,243 | 1.35 | 291,659 | 1.35 | 280,884 | 1.33 | ||||||||||||||||||||||||||||||||||||||
| Multifamily | 45,615 | 0.82 | 40,340 | 0.77 | 35,187 | 0.70 | ||||||||||||||||||||||||||||||||||||||
| Office | 68,361 | 2.78 | 65,489 | 2.85 | 64,211 | 2.93 | ||||||||||||||||||||||||||||||||||||||
| All other CRE | 185,267 | 1.31 | 185,830 | 1.32 | 181,486 | 1.31 | ||||||||||||||||||||||||||||||||||||||
| Total residential mortgage | 73,382 | 0.41 | 67,808 | 0.39 | 66,989 | 0.40 | ||||||||||||||||||||||||||||||||||||||
| Other consumer | 1,555 | 2.49 | 1,502 | 2.65 | 1,109 | 2.37 | ||||||||||||||||||||||||||||||||||||||
| Total loans | $ | 864,631 | 1.45 | % | $ | 842,056 | 1.43 | % | $ | 790,520 | 1.42 | % | ||||||||||||||||||||||||||||||||
18
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||||||||||||||||||||
| GAAP TO NON-GAAP RECONCILIATION | ||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||||||||||||||||||||
| Table 12 | ||||||||||||||||||||||||||||||||||||||||||||
| In Q3 2025, the Company received full payment on purchased credit-impaired and workout loans. Management believes that excluding the impact of the loan payoff discount accretion and interest recoveries from adjusted average C&I and loan yields, adjusted yield on average interest-earning assets, adjusted interest rate spread, and adjusted net interest margin provides clarity to financial statement users regarding changes in yields and margins and allows comparability to current and prior periods. | ||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||||||||||||
| Average C&I loan yield | September 30, 2026 | June 30, 2026 | September 30, 2025 | September 30, 2026 | September 30, 2025 | |||||||||||||||||||||||||||||||||||||||
| Interest income on C&I loans | (a) | $ | 312,463 | $ | 304,621 | $ | 345,947 | $ | 914,399 | $ | 943,152 | |||||||||||||||||||||||||||||||||
| Less: Loan payoff discount accretion and interest recoveries | — | — | (32,296) | — | (32,296) | |||||||||||||||||||||||||||||||||||||||
| Adjusted interest income on loans | (b) | $ | 312,463 | $ | 304,621 | $ | 313,651 | $ | 914,399 | $ | 910,856 | |||||||||||||||||||||||||||||||||
| Average C&I loans | (c) | $ | 19,442,270 | $ | 19,452,052 | $ | 17,799,708 | $ | 19,218,255 | $ | 17,346,156 | |||||||||||||||||||||||||||||||||
Average C&I loan yield (1) | (a)/(c) | 6.38 | % | 6.28 | % | 7.71 | % | 6.36 | % | 7.27 | % | |||||||||||||||||||||||||||||||||
Adjusted average C&I loan yield (1) | (b)/(c) | 6.38 | % | 6.28 | % | 6.99 | % | 6.36 | % | 7.02 | % | |||||||||||||||||||||||||||||||||
| Average loan yield | ||||||||||||||||||||||||||||||||||||||||||||
| Interest income on loans | (d) | $ | 898,981 | $ | 874,489 | $ | 919,518 | $ | 2,632,348 | $ | 2,625,625 | |||||||||||||||||||||||||||||||||
| Less: Loan payoff discount accretion and interest recoveries | — | — | (32,296) | — | (32,296) | |||||||||||||||||||||||||||||||||||||||
| Adjusted interest income on loans | (e) | $ | 898,981 | $ | 874,489 | $ | 887,222 | $ | 2,632,348 | $ | 2,593,329 | |||||||||||||||||||||||||||||||||
| Average loans | (f) | $ | 58,906,728 | $ | 58,229,502 | $ | 55,208,578 | $ | 58,070,410 | $ | 54,282,760 | |||||||||||||||||||||||||||||||||
Average loan yield (1) | (d)/(f) | 6.05 | % | 6.02 | % | 6.61 | % | 6.06 | % | 6.47 | % | |||||||||||||||||||||||||||||||||
Adjusted average loan yield (1) | (e)/(f) | 6.05 | % | 6.02 | % | 6.38 | % | 6.06 | % | 6.39 | % | |||||||||||||||||||||||||||||||||
| Yield on average interest-earning assets | ||||||||||||||||||||||||||||||||||||||||||||
| Interest and dividend income | (g) | $ | 1,124,729 | $ | 1,080,823 | $ | 1,129,732 | $ | 3,261,062 | $ | 3,220,533 | |||||||||||||||||||||||||||||||||
| Less: Loan payoff discount accretion and interest recoveries | — | — | (32,296) | — | (32,296) | |||||||||||||||||||||||||||||||||||||||
| Adjusted interest and dividend income | (h) | $ | 1,124,729 | $ | 1,080,823 | $ | 1,097,436 | $ | 3,261,062 | $ | 3,188,237 | |||||||||||||||||||||||||||||||||
| Average interest-earning assets | (i) | $ | 81,830,917 | $ | 80,089,545 | $ | 76,206,138 | $ | 79,976,667 | $ | 74,288,924 | |||||||||||||||||||||||||||||||||
Yield on average interest-earning assets (1) | (j)=(g)/(i) | 5.45 | % | 5.41 | % | 5.88 | % | 5.45 | % | 5.80 | % | |||||||||||||||||||||||||||||||||
Adjusted yield on average interest-earning assets (1) | (k)=(h)/(i) | 5.45 | % | 5.41 | % | 5.71 | % | 5.45 | % | 5.74 | % | |||||||||||||||||||||||||||||||||
| Interest rate spread | ||||||||||||||||||||||||||||||||||||||||||||
Interest on average interest-bearing liabilities (1) | (l) | 2.88 | % | 2.88 | % | 3.34 | % | 2.89 | % | 3.39 | % | |||||||||||||||||||||||||||||||||
| Interest rate spread | (j)-(l) | 2.57 | % | 2.53 | % | 2.54 | % | 2.56 | % | 2.41 | % | |||||||||||||||||||||||||||||||||
| Adjusted interest rate spread | (k)-(l) | 2.57 | % | 2.53 | % | 2.37 | % | 2.56 | % | 2.35 | % | |||||||||||||||||||||||||||||||||
| Net interest margin | ||||||||||||||||||||||||||||||||||||||||||||
| Net interest income | (m) | $ | 718,896 | $ | 684,651 | $ | 677,530 | $ | 2,074,740 | $ | 1,894,805 | |||||||||||||||||||||||||||||||||
| Less: Loan payoff discount accretion and interest recoveries | — | — | (32,296) | — | (32,296) | |||||||||||||||||||||||||||||||||||||||
| Adjusted net interest income | (n) | $ | 718,896 | $ | 684,651 | $ | 645,234 | $ | 2,074,740 | $ | 1,862,509 | |||||||||||||||||||||||||||||||||
| Average interest-earning assets | (o) | $ | 81,830,917 | $ | 80,089,545 | $ | 76,206,138 | $ | 79,976,667 | $ | 74,288,924 | |||||||||||||||||||||||||||||||||
Net interest margin (1) | (m)/(o) | 3.49 | % | 3.43 | % | 3.53 | % | 3.47 | % | 3.41 | % | |||||||||||||||||||||||||||||||||
Adjusted net interest margin (1) | (n)/(o) | 3.49 | % | 3.43 | % | 3.36 | % | 3.47 | % | 3.35 | % | |||||||||||||||||||||||||||||||||
(1)Annualized.
19
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||||||||||||||||||||
| GAAP TO NON-GAAP RECONCILIATION | ||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||||||||||||||||||||
| Table 13 | ||||||||||||||||||||||||||||||||||||||||||||
| On June 30, 2025, the California single sales factor apportionment method (“CA SSF”) was approved for financial institutions for the 2025 tax year, which resulted in $6 million of additional income tax expense recorded in the second quarter of 2025. The table below provides the computation of the Company’s effective tax rate and adjusted effective tax rate excluding the impact of the CA SSF. Management believes that presenting the adjusted effective tax rate computation allows comparability among different periods. | ||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||||||||||||
| September 30, 2026 | June 30, 2026 | September 30, 2025 | September 30, 2026 | September 30, 2025 | ||||||||||||||||||||||||||||||||||||||||
| Income tax expense | (a) | $ | 112,510 | $ | 103,821 | $ | 96,730 | $ | 315,970 | $ | 289,594 | |||||||||||||||||||||||||||||||||
| Less: Impact of the CA SSF | (b) | — | — | — | — | (6,391) | ||||||||||||||||||||||||||||||||||||||
| Adjusted income tax expense | (c)=(a)+(b) | $ | 112,510 | $ | 103,821 | $ | 96,730 | $ | 315,970 | $ | 283,203 | |||||||||||||||||||||||||||||||||
| Income before income taxes | (d) | 494,706 | 467,521 | 465,124 | 1,419,662 | 1,258,511 | ||||||||||||||||||||||||||||||||||||||
| Effective tax rate | (a)/(d) | 22.74 | % | 22.21 | % | 20.80 | % | 22.26 | % | 23.01 | % | |||||||||||||||||||||||||||||||||
| Less: Impact of the CA SSF | (b)/(d) | — | % | — | % | — | % | — | % | (0.51) | % | |||||||||||||||||||||||||||||||||
| Adjusted effective tax rate | (c)/(d) | 22.74 | % | 22.21 | % | 20.80 | % | 22.26 | % | 22.50 | % | |||||||||||||||||||||||||||||||||
20
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||||||||||||||||||||
| GAAP TO NON-GAAP RECONCILIATION | ||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||||||||||||||||||||
| Table 14 | ||||||||||||||||||||||||||||||||||||||||||||
Adjusted net income and adjusted diluted EPS represent net income and diluted EPS adjusted for the following tax-effected impacts: discount accretion and interest recoveries from the full payment on purchased credit-impaired and workout loans, change in equity award expense recognition for retirement eligible employees, FDIC special assessment and DC Solar recoveries; and the impact of the CA SSF. Management believes that presenting the computations of the adjusted net income, adjusted diluted EPS, adjusted return on average assets and adjusted return on average common equity provide clarity to financial statement users regarding the ongoing performance of the Company and allow comparability to prior periods. •Discount accretion and interest recoveries from the full payment on purchased credit impaired and workout loans are included in Interest and dividend income on the Condensed Consolidated Statement of Income. •During the third quarter and first nine months of 2025, the Company recorded $27 million of additional compensation due to the change in equity award expense recognition for retirement eligible employees (included in Compensation and employee benefits on the Condensed Consolidated Statement of Income). •FDIC special assessment reversals are included in Deposit insurance premiums and regulatory assessments on the Condensed Consolidated Statement of Income. •Recoveries related to the Company’s investment in DC Solar are included in Other investment income, Other operating expense, and Amortization of Tax Credit and CRA Investments, as applicable, on the Condensed Consolidated Statement of Income. | ||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||||||||||||
| September 30, 2026 | June 30, 2026 | September 30, 2025 | September 30, 2026 | September 30, 2025 | ||||||||||||||||||||||||||||||||||||||||
| Net income | (a) | $ | 382,196 | $ | 363,700 | $ | 368,394 | $ | 1,103,692 | $ | 968,917 | |||||||||||||||||||||||||||||||||
| Less: Loan payoff discount accretion and interest recoveries | (b) | — | — | (32,296) | — | (32,296) | ||||||||||||||||||||||||||||||||||||||
| Add: Change in equity award expense recognition for retirement eligible employees | (b) | — | — | 27,141 | — | 27,141 | ||||||||||||||||||||||||||||||||||||||
| Less: FDIC special assessment reversals | (b) | — | — | (1,927) | (1,015) | (1,927) | ||||||||||||||||||||||||||||||||||||||
| Less: DC Solar recoveries | (b) | (323) | — | (50) | (323) | (50) | ||||||||||||||||||||||||||||||||||||||
Tax effects of adjustments (1) | (b) | 91 | — | 2,010 | 375 | 2,010 | ||||||||||||||||||||||||||||||||||||||
| Add: Impact of the CA SSF | (b) | — | — | — | — | 6,391 | ||||||||||||||||||||||||||||||||||||||
| Adjusted net income | (c)=(a)+∑(b) | $ | 381,964 | $ | 363,700 | $ | 363,272 | $ | 1,102,729 | $ | 970,186 | |||||||||||||||||||||||||||||||||
| Diluted weighted-average number of shares outstanding | (d) | 138,461 | 138,301 | 138,942 | 138,512 | 139,090 | ||||||||||||||||||||||||||||||||||||||
| Diluted EPS | (e) | $ | 2.76 | $ | 2.63 | $ | 2.65 | $ | 7.97 | $ | 6.97 | |||||||||||||||||||||||||||||||||
| Less: Loan payoff discount accretion and interest recoveries | (f) | — | — | (0.23) | — | (0.23) | ||||||||||||||||||||||||||||||||||||||
| Add: Change in equity award expense recognition for retirement eligible employees | (f) | — | — | 0.19 | — | 0.19 | ||||||||||||||||||||||||||||||||||||||
| Less: FDIC special assessment reversals | (f) | — | — | (0.01) | (0.01) | (0.01) | ||||||||||||||||||||||||||||||||||||||
| Less: DC Solar recoveries | (f) | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Tax effects of adjustments (1) | (f) | — | — | 0.01 | — | 0.01 | ||||||||||||||||||||||||||||||||||||||
| Add: Impact of the CA SSF | (f) | — | — | — | — | 0.05 | ||||||||||||||||||||||||||||||||||||||
| Adjusted diluted EPS | (g)=(e)+∑(f) | $ | 2.76 | $ | 2.63 | $ | 2.61 | $ | 7.96 | $ | 6.98 | |||||||||||||||||||||||||||||||||
| Average total assets | (h) | $ | 84,866,588 | $ | 83,150,969 | $ | 79,310,698 | $ | 83,046,474 | $ | 77,279,375 | |||||||||||||||||||||||||||||||||
| Average stockholders’ equity | (i) | $ | 9,304,928 | $ | 9,114,396 | $ | 8,381,214 | $ | 9,156,509 | $ | 8,108,615 | |||||||||||||||||||||||||||||||||
Return on average assets (2) | (a)/(h) | 1.79 | % | 1.75 | % | 1.84 | % | 1.78 | % | 1.68 | % | |||||||||||||||||||||||||||||||||
Adjusted return on average assets (2) | (c)/(h) | 1.79 | % | 1.75 | % | 1.82 | % | 1.78 | % | 1.68 | % | |||||||||||||||||||||||||||||||||
Return on average common equity (2) | (a)/(i) | 16.30 | % | 16.01 | % | 17.44 | % | 16.12 | % | 15.98 | % | |||||||||||||||||||||||||||||||||
Adjusted return on average common equity (2) | (c)/(i) | 16.29 | % | 16.01 | % | 17.20 | % | 16.10 | % | 16.00 | % | |||||||||||||||||||||||||||||||||
(1)Applied statutory tax rate of 28.02% for the three and nine months ended September 30, 2026, and the three months ended June 30, 2026.
Applied statutory tax rate of 28.18% for the three and nine months ended September 30, 2025.
(2)Annualized.
21
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||||||||||||||
| GAAP TO NON-GAAP RECONCILIATION | ||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||||||||||||||
| Table 15 | ||||||||||||||||||||||||||||||||||||||
| The Company uses certain non-GAAP financial measures to provide supplemental information regarding the Company’s performance. Non-GAAP measures used consist of FTE net interest income and total revenue. The FTE adjustment relates to tax exempt interest on certain investment securities and loans. Adjusted total revenue and adjusted total revenue (FTE) reflect the adjustments related to the discount accretion and interest recoveries from the full payment on purchased credit-impaired and workout loans and DC Solar recoveries (as applicable). Adjusted noninterest expense reflects the change in equity award expense recognition for retirement eligible employees, the FDIC special assessment and DC Solar recoveries (as applicable). Efficiency ratio (FTE) represents noninterest expense divided by total revenue (FTE). Adjusted efficiency ratio and adjusted efficiency ratio (FTE) reflect the impacts of the aforementioned adjustments. Pre-tax, pre-provision income (FTE) represents total revenue (FTE) less noninterest expense. Adjusted pre-tax, pre-provision income (FTE) represents total revenue (FTE) less adjusted noninterest expense. | ||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||||||
| September 30, 2026 | June 30, 2026 | September 30, 2025 | September 30, 2026 | September 30, 2025 | ||||||||||||||||||||||||||||||||||
| Net interest income before provision for credit losses | (a) | $ | 718,896 | $ | 684,651 | $ | 677,530 | $ | 2,074,740 | $ | 1,894,805 | |||||||||||||||||||||||||||
| FTE adjustment | (b) | 1,157 | 1,196 | 1,887 | 3,603 | 4,636 | ||||||||||||||||||||||||||||||||
| FTE net interest income before provision for credit losses | (c)=(a)+(b) | 720,053 | 685,847 | 679,417 | 2,078,343 | 1,899,441 | ||||||||||||||||||||||||||||||||
| Total noninterest income | (d) | 103,853 | 106,492 | 100,517 | 312,901 | 278,797 | ||||||||||||||||||||||||||||||||
| Total revenue | (e)=(a)+(d) | 822,749 | 791,143 | 778,047 | 2,387,641 | 2,173,602 | ||||||||||||||||||||||||||||||||
| Total revenue (FTE) | (f)=(c)+(d) | $ | 823,906 | $ | 792,339 | $ | 779,934 | $ | 2,391,244 | $ | 2,178,238 | |||||||||||||||||||||||||||
| Less: Loan payoff discount accretion and interest recoveries | (g) | — | — | (32,296) | — | (32,296) | ||||||||||||||||||||||||||||||||
Less: DC Solar recoveries (1) | (g) | (30) | — | — | (30) | — | ||||||||||||||||||||||||||||||||
| Adjusted total revenue | (h)=(e)+(g) | 822,719 | 791,143 | 745,751 | 2,387,611 | 2,141,306 | ||||||||||||||||||||||||||||||||
| Adjusted total revenue (FTE) | (i)=(f)+(g) | $ | 823,876 | $ | 792,339 | $ | 747,638 | $ | 2,391,214 | $ | 2,145,942 | |||||||||||||||||||||||||||
| Total noninterest expense | (j) | $ | 283,043 | $ | 290,622 | $ | 276,923 | $ | 853,979 | $ | 785,091 | |||||||||||||||||||||||||||
| Less: Change in equity award expense recognition for retirement eligible employees | (k) | — | — | (27,141) | — | (27,141) | ||||||||||||||||||||||||||||||||
| Add: FDIC special assessment reversals | (k) | — | — | 1,927 | 1,015 | 1,927 | ||||||||||||||||||||||||||||||||
Add: DC Solar recoveries (2) | (k) | 293 | — | 50 | 293 | 50 | ||||||||||||||||||||||||||||||||
| Adjusted noninterest expense | (l)=(j)+Σ(k) | $ | 283,336 | $ | 290,622 | $ | 251,759 | $ | 855,287 | $ | 759,927 | |||||||||||||||||||||||||||
| Efficiency ratio | (j)/(e) | 34.40 | % | 36.73 | % | 35.59 | % | 35.77 | % | 36.12 | % | |||||||||||||||||||||||||||
| Adjusted efficiency ratio | (l)/(h) | 34.44 | % | 36.73 | % | 33.76 | % | 35.82 | % | 35.49 | % | |||||||||||||||||||||||||||
| Efficiency ratio (FTE) | (j)/(f) | 34.35 | % | 36.68 | % | 35.51 | % | 35.71 | % | 36.04 | % | |||||||||||||||||||||||||||
| Adjusted efficiency ratio (FTE) | (l)/(i) | 34.39 | % | 36.68 | % | 33.67 | % | 35.77 | % | 35.41 | % | |||||||||||||||||||||||||||
| Pre-tax, pre-provision income (“PTPP”) | (e)-(j) | $ | 539,706 | $ | 500,521 | $ | 501,124 | $ | 1,533,662 | $ | 1,388,511 | |||||||||||||||||||||||||||
| Adjusted PTPP | (h)-(l) | $ | 539,383 | $ | 500,521 | $ | 493,992 | $ | 1,532,324 | $ | 1,381,379 | |||||||||||||||||||||||||||
| PTPP (FTE) | (f)-(j) | $ | 540,863 | $ | 501,717 | $ | 503,011 | $ | 1,537,265 | $ | 1,393,147 | |||||||||||||||||||||||||||
| Adjusted PTPP (FTE) | (i)-(l) | $ | 540,540 | $ | 501,717 | $ | 495,879 | $ | 1,535,927 | $ | 1,386,015 | |||||||||||||||||||||||||||
(1)Included in Other investment income for the three and nine months ended September 30, 2026.
(2)Amounts were included in Other operating expenses for the three and nine months ended September 30, 2026, except for $50 thousand which was included in Amortization of tax credit and CRA investments for the three and nine months ended September 30, 2025.
22
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||
| GAAP TO NON-GAAP RECONCILIATION | ||||||||||||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||
| Table 16 | ||||||||||||||||||||||||||
| The Company uses certain non-GAAP financial measures to provide supplemental information regarding the Company’s performance. Tangible book value, tangible book value per share and TCE ratio are non-GAAP financial measures. Tangible book value and tangible assets represent stockholders’ equity and total assets, respectively, which have been reduced by goodwill and mortgage servicing assets. Given that the use of such measures and ratios is more prevalent in the banking industry, and are used by banking regulators and analysts, the Company has included them below for discussion. | ||||||||||||||||||||||||||
| September 30, 2026 | June 30, 2026 | September 30, 2025 | ||||||||||||||||||||||||
| Common stock | $ | 171 | $ | 171 | $ | 170 | ||||||||||||||||||||
| Additional paid-in capital | 2,166,851 | 2,151,229 | 2,096,227 | |||||||||||||||||||||||
| Retained earnings | 9,071,609 | 8,800,428 | 8,028,882 | |||||||||||||||||||||||
| Treasury stock | (1,293,174) | (1,292,113) | (1,166,922) | |||||||||||||||||||||||
| Accumulated other comprehensive income: | ||||||||||||||||||||||||||
| AFS debt securities net unrealized losses | (852,700) | (396,324) | (383,621) | |||||||||||||||||||||||
| Cash flow hedges net unrealized (losses) gains | (42,723) | (4,637) | 30,425 | |||||||||||||||||||||||
| Foreign currency translation adjustments | (10,272) | (12,825) | (22,361) | |||||||||||||||||||||||
| Total accumulated other comprehensive loss | (905,695) | (413,786) | (375,557) | |||||||||||||||||||||||
| Stockholders’ equity | (a) | $ | 9,039,762 | $ | 9,245,929 | $ | 8,582,800 | |||||||||||||||||||
| Less: Goodwill | (465,697) | (465,697) | (465,697) | |||||||||||||||||||||||
| Mortgage servicing assets | (3,475) | (3,736) | (4,362) | |||||||||||||||||||||||
| Tangible book value | (b) | $ | 8,570,590 | $ | 8,776,496 | $ | 8,112,741 | |||||||||||||||||||
| Number of common shares at period-end | (c) | 137,020 | 137,011 | 137,568 | ||||||||||||||||||||||
| Book value per share | (a)/(c) | $ | 65.97 | $ | 67.48 | $ | 62.39 | |||||||||||||||||||
| Tangible book value per share | (b)/(c) | $ | 62.55 | $ | 64.06 | $ | 58.97 | |||||||||||||||||||
| Total assets | (d) | $ | 86,011,738 | $ | 84,763,472 | $ | 79,669,531 | |||||||||||||||||||
| Less: Goodwill | (465,697) | (465,697) | (465,697) | |||||||||||||||||||||||
| Mortgage servicing assets | (3,475) | (3,736) | (4,362) | |||||||||||||||||||||||
| Tangible assets | (e) | $ | 85,542,566 | $ | 84,294,039 | $ | 79,199,472 | |||||||||||||||||||
| Total stockholders’ equity to assets ratio | (a)/(d) | 10.51 | % | 10.91 | % | 10.77 | % | |||||||||||||||||||
| TCE ratio | (b)/(e) | 10.02 | % | 10.41 | % | 10.24 | % | |||||||||||||||||||
23
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||||||||||||||
| GAAP TO NON-GAAP RECONCILIATION | ||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||||||||||||||
| Table 16 (continued) | ||||||||||||||||||||||||||||||||||||||
| Return on average TCE represents tangible net income divided by average tangible book value. Tangible net income excludes the after-tax impacts of the amortization of mortgage servicing assets. Adjusted return on average TCE represents adjusted tangible net income divided by average tangible book value. Adjusted tangible net income is tangible net income excluding the following tax-effected impacts: discount accretion and interest recoveries from the full payment on purchased credit-impaired and workout loans, change in equity award expense recognition for retirement eligible employees, FDIC special assessment and DC Solar recoveries, and the impact of the CA SSF. Given that the use of such measures and ratios is more prevalent in the banking industry, and are used by banking regulators and analysts, the Company has included them below for discussion. | ||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||||||
| September 30, 2026 | June 30, 2026 | September 30, 2025 | September 30, 2026 | September 30, 2025 | ||||||||||||||||||||||||||||||||||
| Net income | (f) | $ | 382,196 | $ | 363,700 | $ | 368,394 | $ | 1,103,692 | $ | 968,917 | |||||||||||||||||||||||||||
| Add: Amortization of mortgage servicing assets | 269 | 264 | 266 | 682 | 875 | |||||||||||||||||||||||||||||||||
Tax effect of amortization adjustment (1) | (75) | (74) | (75) | (191) | (247) | |||||||||||||||||||||||||||||||||
| Tangible net income | (g) | $ | 382,390 | $ | 363,890 | $ | 368,585 | $ | 1,104,183 | $ | 969,545 | |||||||||||||||||||||||||||
| Less: Loan payoff discount accretion and interest recoveries | — | — | (32,296) | — | (32,296) | |||||||||||||||||||||||||||||||||
| Add: Change in equity award expense recognition for retirement eligible employees | — | — | 27,141 | — | 27,141 | |||||||||||||||||||||||||||||||||
| Less: FDIC special assessment reversals | — | — | (1,927) | (1,015) | (1,927) | |||||||||||||||||||||||||||||||||
| Less: DC Solar recoveries | (323) | — | (50) | (323) | (50) | |||||||||||||||||||||||||||||||||
Tax effects of adjustments (1) | 91 | — | 2,010 | 375 | 2,010 | |||||||||||||||||||||||||||||||||
Add: Impact of the CA SSF | — | — | — | — | 6,391 | |||||||||||||||||||||||||||||||||
| Adjusted tangible net income | (h) | $ | 382,158 | $ | 363,890 | $ | 363,463 | $ | 1,103,220 | $ | 970,814 | |||||||||||||||||||||||||||
| Average stockholders’ equity | (i) | $ | 9,304,928 | $ | 9,114,396 | $ | 8,381,214 | $ | 9,156,509 | $ | 8,108,615 | |||||||||||||||||||||||||||
| Less: Average goodwill | (465,697) | (465,697) | (465,697) | (465,697) | (465,697) | |||||||||||||||||||||||||||||||||
| Average mortgage servicing assets | (3,640) | (3,884) | (4,534) | (3,848) | (4,824) | |||||||||||||||||||||||||||||||||
| Average tangible book value | (j) | $ | 8,835,591 | $ | 8,644,815 | $ | 7,910,983 | $ | 8,686,964 | $ | 7,638,094 | |||||||||||||||||||||||||||
Return on average common equity (2) | (f)/(i) | 16.30 | % | 16.01 | % | 17.44 | % | 16.12 | % | 15.98 | % | |||||||||||||||||||||||||||
Return on average TCE (2) | (g)/(j) | 17.17 | % | 16.88 | % | 18.48 | % | 16.99 | % | 16.97 | % | |||||||||||||||||||||||||||
Adjusted return on average TCE (2) | (h)/(j) | 17.16 | % | 16.88 | % | 18.23 | % | 16.98 | % | 16.99 | % | |||||||||||||||||||||||||||
(1)Applied statutory tax rate of 28.02% for the three and nine months ended September 30, 2026, and the three months ended June 30, 2026. Applied statutory tax rate of 28.18% for the three and nine months ended September 30, 2025.
(2)Annualized.
24
3Q 26 EWBC NasdaqListed East West Bancorp, Inc. 3Q Earnings Presentation October 20, 2026
2 Forward-Looking Statements and Additional Information In this presentation, “we”, “our”, “us”, “East West” and the “Company” refer to East West Bancorp, Inc., and its consolidated subsidiaries unless the context indicates otherwise. Forward-Looking Statements This presentation contains forward-looking statements that are intended to be covered by the safe harbor for such statements provided by the Private Securities Litigation Reform Act of 1995. These statements are based on the current assumptions, beliefs, estimates, and projections, many of which, by their nature, are inherently uncertain and beyond our control. You should not place undue reliance on these statements. There are various important factors that could cause the Company’s future results to differ materially from historical performance and any forward-looking statements, including the factors described in the Company’s filings with the Securities and Exchange Commission, including the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and in its subsequent Quarterly Reports on Form 10-Q. When considering these forward-looking statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements the Company may make. These statements speak only as of the date they are made and are based only on information then actually known to the Company. The Company does not undertake, and specifically disclaims, any obligation to update or revise any forward-looking statements, whether written or oral, except as required by law. Basis of Presentation The preparation of the Company’s consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements, income and expenses during the reporting periods, and the related disclosures. Although our estimates consider current conditions and how we expect them to change in the future, it is reasonably possible that actual results could be materially different from those estimates. Hence, the current period’s results of operations are not necessarily indicative of results that may be expected for any future interim period or for the year as a whole. Certain prior period information has been reclassified to conform to the current presentation. Industry Information This presentation includes statistical and other industry and market data that we obtained from government reports and other third-party sources. Although we believe that this information is accurate and reliable, we have not independently verified such information. Forward-looking information that we have obtained from these sources is subject to the same uncertainties and qualifications as other forward-looking statements contained herein. Non-GAAP Financial Measures Certain financial information in this presentation has not been prepared in accordance with GAAP and is presented on a non-GAAP basis. Investors should refer to the reconciliations included in the appendix to this presentation and should consider the Company’s non-GAAP measures in addition to, not as a substitute for or superior to, measures prepared in accordance with GAAP. These measures may not be comparable to similarly titled measures used by other companies.
3 3Q26 Financial Highlights Record quarterly net income of $382 million or $2.76 diluted quarterly earnings per share ▪ Grew EOP deposits over 7% Y-o-Y − Strong growth Q-o-Q from non- maturity deposits via deepening customer relationships ▪ Grew EOP loans 7% Y-o-Y − Prudent growth Q-o-Q in SFR and multifamily bolstering diversification ▪ Record quarterly revenue of $823mm − YTD revenue up 10% Y-o-Y ▪ Record quarterly NII of $719mm − YTD NII up 9.5% Y-o-Y ▪ Record quarterly net income of $382mm, diluted EPS of $2.76 − YTD each up 14% ▪ Net charge-offs at $22mm, or 15bps annualized − YTD net charge-offs of 14bps annualized ▪ Nonperforming assets at 30bps ▪ Healthy ALLL at 1.45% ▪ Provision for credit losses of $45mm Deposit-Led Growth Record Revenue, NII, Profitability Resilient Asset Quality Position of Significant Strength (1) See reconciliation of GAAP to non-GAAP financial measures in the appendix and in the Company’s earnings press releases ▪ 10.0% Tangible Common Equity (TCE)1 ratio; 15.3% Common Equity Tier 1 (CET1) ▪ YTD 16% ROACE (17% ROTCE)1 ▪ Ample liquidity: 27% of assets in cash and securities ▪ Declared 4Q26 dividend of $0.80
15.8 16.4 16.9 17.4 18.3 9.2 9.2 9.3 9.4 9.7 16.6 16.0 16.2 16.5 16.8 24.6 25.2 25.1 25.4 25.5 $66.2 $66.8 $67.5 $68.7 $70.3 3Q25 4Q25 1Q26 2Q26 3Q26 4 4 Year CAGRs +11% Deposits Strong noninterest-bearing deposit growth Y-o-Y ($ in billions) Average Deposits End of Period Deposit Growth by Category (2Q26 to 3Q26) ($ in millions) +1% +5% +16% +4% Y-o-Y +6% Time MMDA IB Checking & Savings Noninterest-bearing Demand (DDA) +$1,400mm $184 $227 $314 $675 Noninterest-bearing Demand IB Checking & Savings Time Money Market
($76) $148 $278 $397 C&I CRE (ex. Multifamily) Multifamily Residential mortgage & other consumer 5 4 Year CAGRs +11% Loans Prudent growth Y-o-Y, aligned with our areas of focus ($ in billions) Average Loans End of Period Loan Growth by Category (2Q26 to 3Q26) ($ in millions) +6% +4% +9% +9% C&I CRE (ex. Multifamily)Residential mortgage & other consumer Multifamily Y-o-Y +7% 15.9 16.0 16.2 16.4 16.5 5.0 5.1 5.1 5.2 5.4 16.5 16.8 17.0 17.2 17.6 17.8 17.7 18.8 19.4 19.4 $55.2 $55.6 $57.1 $58.2 $58.9 3Q25 4Q25 1Q26 2Q26 3Q26 +$747mm
$678 $658 $671 $685 $719 3.53% 3.41% 3.49% 3.43% 3.49% 3Q25 4Q25 1Q26 2Q26 3Q26 NII NIM 6 Net Interest Income & Net Interest Margin Lower total average deposit costs, asset repricing supported NII growth and NIM ($ in millions) Net Interest Income (NII) & Net Interest Margin (NIM) 3Q26 Highlights ▪ Record NII of $719mm, up $34mm Q-o-Q ▪ Total average deposit cost of 2.08%, down 2bps Q-o-Q ▪ Total average interest-earning asset yield of 5.45%, up 4bps Q-o-Q, supported by loan and securities yield expansion ▪ NIM up 6bps Q-o-Q − $4 billion of active cash flow hedges provide incremental protection to a downrate scenario − NIM expected to remain broadly stable in Q4
7 Fee Income1 Fee Income Strong Y-o-Y growth in wealth management, deposit-related fees, and foreign exchange income ($ in millions) (1) Fee income excludes mark-to-market adjustments related to customer and other derivatives; net gains on AFS debt securities; other investment income and other income Highlights Wealth Management Fees Customer Derivative Income -7% +7% -73% +15% +23% Commercial and Consumer Deposit-Related Fees Lending and Loan Servicing Fees Foreign Exchange Income ▪ Fee income1 of $93mm − Deposit-related fees and foreign exchange income grew by a combined $4mm Q-o-Q Y-o-Y 28 29 26 28 26 6 3 5 2 2 15 11 22 19 15 15 15 15 15 18 28 29 31 32 32 $92 $87 $99 $96 $93 3Q25 4Q25 1Q26 2Q26 3Q26 $260 $288 YTD 2025 YTD 2026 Y-o-Y +11% Fee Income1, Nine Months Ended 09/30/2026 ($ in millions)
17 17 18 20 19 17 12 16 19 20 13 15 15 15 18 38 48 36 41 32 176 152 173 173 170 $261 $244 $258 $268 $259 3Q25 4Q25 1Q26 2Q26 3Q26 8 Total Operating Noninterest Expense1 Operating Expense & Efficiency Maintained best-in-class efficiency while investing in people and platforms to sustain growth ($ in millions) (1) Total noninterest expense excluding amortization of tax credit and CRA investments (2) Other operating expense includes other real estate owned (“OREO”) (income) expense (3) Deposit-related expenses include deposit account expenses and deposit insurance premiums and regulatory assessments, including FDIC special deposit insurance assessment reversals of $2 million, $7 million and $1 million for 3Q25, 4Q25, and 1Q26, respectively Highlights Efficiency Ratio and Operating Noninterest Expense/Average Assets Ratio1 Compensation and Employee Benefits Other Operating Expense2 Occupancy and Equipment Deposit-Related Expenses3 +13% -15% -3% +14% ▪ Total operating noninterest expense1 of $259mm, down $9mm Q-o-Q − Maintained best-in-class efficiency while investing for future growth Computer and Software Related Expenses +39% 35.6% 36.7% 34.4% 1.31% 1.29% 1.21% 3Q25 2Q26 3Q26 Efficiency Ratio Op. Noninterest Expense / Avg. Assets Y-o-Y
2.69% 3.64% 0.28% 0.56% 3.08% 3.39% 0.27% 0.60% 3.48% 3.24% 0.26% 0.64% C&I CRE (ex. Multifamily) Multifamily Resi mortgage & consumer $36 $30 $36 $33 $45 $18 $12 $12 $27 $22 $- $5 $10 $15 $20 $25 $30 $35 $40 $45 $50 3Q25 4Q25 1Q26 2Q26 3Q26 Provision for credit losses Net charge- offs 1.38% 1.40% 1.57% 1.45% 1.47% 0.76% 0.61% 0.54% 0.73% 0.80% 2.14% 2.01% 2.12% 2.18% 2.27% 09.30.25 12.31.25 03.31.26 06.30.26 09.30.26 Classified loans / Loans HFI Special mention loans / Loans HFI 9 Asset Quality Metrics Credit performance remained resilient Provision for Credit Losses & Net Charge-offs ($ in millions) Nonperforming Assets (NPAs) Criticized Loans / Loans HFI Criticized Ratio by Loans HFI Portfolio ($ in millions) NPAs / Total assets 0.25% 0.26% 0.26% 0.29% 0.30%NCO ratio (ann.) 0.13% 0.08% 0.09% 0.19% 0.15% 20 21 21 17 17 24 21 15 25 64 70 52 61 49 50 57 47 63 67 61 30 67 56 89 64$201 $208 $216 $247 $256 09.30.25 12.31.25 03.31.26 06.30.26 09.30.26 CRE Resi. mortgage & consumer C&I OREO, net Loans HFS
10 Allowance for Loan Losses Healthy allowance levels, up $23mm Q-o-Q Allowance for Loan Losses (ALLL) ($ in millions) Composition of ALLL by Portfolio ($ in millions) 09.30.25 06.30.26 09.30.26 Loan category ALLL ALLL ratio ALLL ALLL ratio ALLL ALLL ratio C&I $ 442 2.45% $ 481 2.42% $ 491 2.48% Total CRE 281 1.33 292 1.35 299 1.35 Multifamily 35 0.70 40 0.77 46 0.82 Office 64 2.93 66 2.85 68 2.78 All Other CRE 182 1.31 186 1.32 185 1.31 Resi. mortgage 67 0.40 68 0.39 73 0.41 Other consumer 1 2.37 1 2.65 2 2.49 Total loans $ 791 1.42% $ 842 1.43% $ 865 1.45% $791 $810 $836 $842 $865 1.42% 1.42% 1.44% 1.43% 1.45% 1.38% 1.40% 1.42% 1.44% 1.46% 1.48% 1.50% $700 $750 $800 $850 $900 09.30.25 12.31.25 03.31.26 06.30.26 09.30.26 ALLL ALLL/Loans HFI
16.1% 16.4% 16.4% 16.8% 16.7% Total Capital Ratio 14.8% 15.1% 15.1% 15.4% 15.4% CET1 Ratio 10.7% 10.9% 11.0% 11.0% 11.1% Leverage Ratio 10.2% 10.5% 10.3% 10.4% 10.0% Tangible Common Equity Ratio 11 12.31.25 Capital Position of significant strength Highlights 09.30.25 06.30.2603.31.26 ▪ 10.0% (TCE)1 ratio, with regulatory capital well in excess of requirements and well above regional bank averages ▪ Declared 4Q26 dividend of $0.80 ▪ $117mm of repurchase authorization remains available ▪ Capital priorities 1. Organic growth 2. Competitive dividend 3. Disciplined M&A 4. Share repurchases Regulatory well capitalized requirement Tangible Common Equity Ratio1 Regulatory Capital Ratios 6.5% 5.0% 10.0% 09.30.26 (1) See reconciliation of GAAP to non-GAAP financial measures in the appendix and in the Company’s earnings press release (2) The Company’s September 30, 2026 regulatory capital ratios and Risk-Weighted Assets (RWA) are preliminary 2
12 Management Outlook: Full Year 2026 (1) Total noninterest expense excluding amortization of tax credit and CRA investments Earnings Drivers FY 2025 Results (Y-o-Y) FY 2026 Expectations 9 mos. Y-o-Y / YTD Results Interest Rate Outlook - ▪ Assumes flat rates - End of Period Loans 6% ($56.9bn) ▪ Growing 6% to 8% Y-o-Y 7.1% ($59.7bn) Net Interest Income 12% ($2.55bn) ▪ Growing 9% to 10% Y-o-Y (Up from 8% to 9%) 9.5% ($2.07bn) Total Operating Noninterest Expense1 7% ($972mm) ▪ Growing 8% to 9% Y-o-Y 8.0% ($785mm) Net Charge-offs 11bps ▪ In the range of 15bps to 20bps (Narrowing the range from 15bps to 25bps) 14bps Effective Tax Rate 23% ▪ In the range of 22% to 23% 22.3% Amortization of Tax Credit and CRA Investments $75mm ▪ In the range of $90 - $95 million (Narrowing the range from $85 - $95 million) $69mm Best-in-Class Efficiency Top Quartile Returns
Appendix
14 East West at a Glance (1) See reconciliation of GAAP to non-GAAP financial measures in the appendix and in the Company’s earnings press release $17B Market Cap $86B Assets $71B Deposits 17% ROTCE1 09.30.26 09.30.26 09.30.26 3Q26 ▪ Headquartered in Pasadena, California ▪ Over 25 years on Nasdaq ▪ Founded in 1973 - over 50 years in operation Roots in the U.S. Asian-American immigrant community, expanded to bridge businesses across the Pacific Award-winning Company #1 Top Performing Bank in 2025, $50+ Billion (Bank Director), marking our 3rd consecutive year Top 3 Performing Banks in 2025, $50+ Billion (American Banker) A Leading Regional Bank with Cross-Border Capabilities... …Well Positioned in Dense, Attractive Markets… TX NY NV CA WA MA GA Key Markets IL
2% 2% 2% 2% 4% 4% 4% 7% 15 1% 2% 2% 4% 4% 7% 8% 9% (as % of Total Loans, 09.30.26) Commercial Loans by Type Diversified Loan Portfolio Approximately 70% of loans support commercial customers, with broad diversification across industry and asset types (1) Industries with 1% of total loans outstanding: Technology & telecommunications, Hospitality & leisure, Healthcare, Equipment finance, Oil & gas, Art finance Industries with 1% of total loans outstanding1 CRE $22.1bn C&I $19.8bn Total Loan Portfolio $59.7bn Media & entertainment Capital call lending Real estate investment & management Infrastructure & clean energy General & other Industrial Multifamily Retail Hotel Office Other Healthcare Construction and Land Manufacturing & wholesale Financial services Food production & distribution Resi. Mortgage and other consumer $17.8 30% CRE $22.1 37% C&I $19.8 33%
2.5 2.6 2.5 2.6 2.5 1.9 1.8 2.4 2.4 2.4 1.4 1.4 1.4 1.5 1.4 1.0 1.0 1.1 1.0 1.1 0.7 0.8 0.9 0.8 0.7$7.5 $7.6 $8.3 $8.3 $8.1 3Q25 4Q25 1Q26 2Q26 3Q26 C&I Nondepository Financial Institution (NDFI) Loans 16 Our NDFI portfolio is granular with diversification across industry and category types ($ in billions) Other Private Equity Mortgage Credit Consumer Credit Business Credit (1) The Company’s 3Q26 NDFI loan mix by Call Report Category is preliminary 4 Year CAGRs x -$86mm -$99mm +$95mm +$35mm Q-o-Q ($) -$199mm -$144mm 1 Highlights ▪ Well diversified by underlying asset and borrower ▪ Virtually no net charge- offs in the past decade ▪ 99.99%+ loans are current NDFI Outstanding: Loan Mix by Call Report Category
<=50% 48% >50% to 55% 15% >55% to 60% 16% >60% to 65% 12% >65% to 70% 5% >70% 4% 17 Commercial Real Estate Portfolio Detail Our CRE portfolio is granular - many loans have full recourse and personal guarantees 49% Average LTV1 Distribution by Loan-to-Value (LTV)1 Size and LTV by Property Type (as of 09.30.26) (as of 09.30.26) ▪ Fewer than 25% of CRE loans have an LTV over 60% Total Portfolio Size ($bn) Weighted Avg. LTV1 (%) Average Loan Size ($mm) Multifamily $5.5 50% $2 Retail 4.7 47 3 Industrial 4.1 46 3 Hotel 2.6 50 10 Office 2.5 54 5 Other 1.1 48 4 Healthcare 0.9 51 4 Construction & Land2 0.7 51 14 Total CRE $22.1 49% $3 (1) Weighted average LTV is based on most recent LTV, using most recent available appraisal and current loan commitment (2) Construction & Land average size based on total commitment
41% 7% 11% 10% 6% 2% 2% 3% 5% 8% 18 CRE Office – Additional Information Our office portfolio has low LTVs across segments and low average loan sizes CRE Office: Geographic Mix by Metro Area CRE Office by Size Segment (as of 09.30.26) (as of 09.30.26) Loan Size Balance ($ in mm) No. of Loans Avg. Loan Size ($ in mm) Weighted Avg. LTV (%) >$30mm $547 14 $39 55% $20mm - $30mm 480 20 24 59 $10mm - $20mm 455 32 14 58 $5mm - $10mm 446 62 7 53 <$5mm 534 387 1 44 Total $2,462 515 $5 54% Other Los Angeles County Other SoCal Other Bay Area San Francisco Other CA, 1% Houston Dallas Manhattan, 2% Other TX Washington Other Regions New Jersey, 1% Other NY, 1% Downtown Los Angeles and Adjacent Neighborhoods
30% 3% 18% 9% 4% 6% 3% 5% 3% 12% 19 CRE Retail – Additional Information Our retail portfolio has a weighted average LTV profile of 47% CRE Retail: Geographic Mix by Metro Area CRE Retail by Size Segment (as of 09.30.26) (as of 09.30.26) Loan Size Balance ($ in mm) No. of Loans Avg. Loan Size ($ in mm) Weighted Avg. LTV (%) >$30mm $225 6 $38 46% $20mm - $30mm 522 21 25 59 $10mm - $20mm 798 58 14 48 $5mm - $10mm 922 134 7 47 <$5mm 2,222 1,590 1 44 Total $4,689 1,809 $3 47% Other Los Angeles County Downtown Los Angeles and Adjacent Neighborhoods Other SoCalOther Bay Area San Francisco, 2% Other CA Houston Dallas, 2% Manhattan Other TX, 2% Washington Other Regions Other NY New Jersey, 1% Other NY
31% 3% 13% 6% 5% 6% 7% 3% 4% 3% 5% 3% 6% 20 Oklahoma, 2% CRE Multifamily – Additional Information Our multifamily portfolio is amongst our most granular CRE Multifamily: Geographic Mix by Metro Area CRE Multifamily by Size Segment (as of 09.30.26) (as of 09.30.26) Loan Size Balance ($ in mm) No. of Loans Avg. Loan Size ($ in mm) Weighted Avg. LTV (%) >$30mm $715 19 $38 59% $20mm - $30mm 820 34 24 54 $10mm - $20mm 707 53 13 51 $5mm - $10mm 774 109 7 54 <$5mm 2,514 2,662 1 45 Total $5,530 2,877 $2 50% Other Los Angeles County Downtown Los Angeles and Adjacent Neighborhoods Other SoCal Other Bay Area San Francisco Other CA Houston Dallas Arizona Nevada Other Regions Washington Manhattan, 2% Other NY Other Texas, 1%
Southern California 43% Northern California 17% New York 22% Washington 6% Texas 2% Other 10% <=50% 51% >50% to 55% 13% >55% to 60% 21% >60% 15% 21 Residential Mortgage Portfolio Our residential mortgage portfolio benefits from both low LTVs and smaller average loan size Resi. Mortgage Distribution by LTV1 Portfolio Highlights as of 09.30.26 (as of 09.30.26) Outstandings ▪ $17.8bn loans outstanding ▪ +2% Q-o-Q and +7% Y-o-Y Originations ▪ $1.2bn in 3Q26 ▪ Primarily originated through East West Bank branches Single-family Residential ▪ $15.7bn loans outstanding ▪ +2% Q-o-Q and +6% Y-o-Y HELOC ▪ $2.1bn loans outstanding ▪ $3.8bn in undisbursed commitments ▪ 35% utilization as of 09.30.26 ▪ 74% of commitments in first lien position Resi. Mortgage Distribution by Geography3 51% Average LTV1 $444,000 Average loan size2 (as of 09.30.26) (1) Combined LTV for 1st and 2nd liens; based on commitment (2) Average loan size based on loan outstanding for single-family residential and commitment for HELOC (3) Geographic distribution based on commitment size
$0.3 $- $5.3 $12.4 100% RWA 50% RWA 20% RWA 0% RWA 22 Average Total Securities Portfolio and Cash Cash and Securities Strong on-balance-sheet liquidity levels ($ in billions) ▪ Securities portfolio well-positioned as a source of liquidity, interest rate risk management, and earnings support − Total securities average yield up 7bps Q-o-Q − 98% of investment portfolio 0% - 20% risk-weighted (HQLA) − 79% fixed-rate securities, 21% floating Highlights Securities Portfolio Composition by Risk-Weighted Asset (RWA) Distribution ($ in billions, as of 09.30.26) $18.0bn Securities Portfolio $15.5 $16.1 $16.5 $17.3 $18.3 $5.3 $4.8 $4.3 $4.4 $4.5 $20.8 $20.9 $20.8 $21.7 $22.8 4.05% 3.99% 3.94% 3.95% 4.02% 3Q25 4Q25 1Q26 2Q26 3Q26 Total Securities Interest-bearing Cash, Equivalent, and Resale Agreements Total Securities Average Yield
5.90% 5.84% 5.87% 5.80% 5.78% 6.23% 6.07% 6.01% 5.97% 5.99% 7.71% 6.68% 6.43% 6.28% 6.38% 19% 20% 34% 27% Fixed rate Hybrid in fixed rate period Variable - SOFR Variable - Prime, all other rates 23 Loan Yields Loan Portfolio by Index Rate (as of 09.30.26) Average C&I Loan Rate Average Residential Mortgage Loan Rate Average CRE Loan Rate 92% variable rate 64%* variable rate *40% had customer-level interest rate derivative contracts SFR: 48% hybrid in fixed-rate period & 40% fixed rate 10.06.26 rate sheet price for 30-year fixed: 7.125% Total fixed rate and hybrid in fixed period: 39% 3Q25 4Q25 1Q26 2Q26 3Q26 3Q25 4Q25 1Q26 2Q26 3Q26
3.71% 3.59% 3.36% 3.30% 3.27% Time 3.21% 2.83% 2.62% 2.63% 2.65% Money Market 2.47% 2.20% 2.09% 2.01% 2.08% Interest-bearing Checking 2.49% 2.30% 2.13% 2.10% 2.08% 3.26% 3.05% 2.84% 2.81% 2.81% 3.34% 3.11% 2.91% 2.88% 2.88% 3Q25 4Q25 1Q26 2Q26 3Q26 Average cost of deposits Average cost of interest-bearing deposits Average cost of interest-bearing liabilities 24 Average Deposit and Liability Cost Deposit and Funding Cost Average Deposit Rate by Portfolio 3Q25 4Q25 1Q26 2Q26 3Q26
25 Appendix: GAAP to Non-GAAP Reconciliation EAST WEST BANCORP, INC. AND SUBSIDIARIES GAAP TO NON-GAAP RECONCILIATION ($ in thousands) (unaudited) The Company uses certain non-GAAP financial measures to provide supplemental information regarding the Company’s performance. Tangible book value, tangible book value per share and TCE ratio are non-GAAP financial measures. Tangible book value and tangible assets represent stockholders’ equity and total assets, respectively, wh ich have been reduced by goodwill and mortgage servicing assets. Given that the use of such measures and ratios is more prevalent in the banking industry, and are used by banking regulators and analysts, the Company has included them below for discussion. September 30, 2026 June 30, 2026 September 30, 2025 Common stock $ 171 $ 171 $ 170 Additional paid-in capital 2,166,851 2,151,229 2,096,227 Retained earnings 9,071,609 8,800,428 8,028,882 Treasury stock (1,293,174) (1,292,113) (1,166,922) Accumulated other comprehensive income: AFS debt securities net unrealized losses (852,700) (396,324) (383,621) Cash flow hedges net unrealized (losses) gains (42,723) (4,637) 30,425 Foreign currency translation adjustments (10,272) (12,825) (22,361) Total accumulated other comprehensive loss (905,695) (413,786) (375,557) Stockholders’ equity (a) $ 9,039,762 $ 9,245,929 $ 8,582,800 Less: Goodwill (465,697) (465,697) (465,697) Mortgage servicing assets (3,475) (3,736) (4,362) Tangible book value (b) $ 8,570,590 $ 8,776,496 $ 8,112,741 Number of common shares at period-end (c) 137,020 137,011 137,568 Book value per share (a)/(c) $ 65.97 $ 67.48 $ 62.39 Tangible book value per share (b)/(c) $ 62.55 $ 64.06 $ 58.97 Total assets (d) $ 86,011,738 $ 84,763,472 $ 79,669,531 Less: Goodwill (465,697) (465,697) (465,697) Mortgage servicing assets (3,475) (3,736) (4,362) Tangible assets (e) $ 85,542,566 $ 84,294,039 $ 79,199,472 Total stockholders’ equity to assets ratio (a)/(d) 10.51% 10.91% 10.77% TCE ratio (b)/(e) 10.02% 10.41% 10.24%
26 Appendix: GAAP to Non-GAAP Reconciliation EAST WEST BANCORP, INC. AND SUBSIDIARIES GAAP TO NON-GAAP RECONCILIATION ($ in thousands) (unaudited) Return on average TCE represents tangible net income divided by average tangible book value. Tangible net income excludes the after-tax impacts of the amortization of mortgage servicing assets. Adjusted return on average TCE represents adjusted tangible net income divided by average tangible book value. Adjusted tangible net income is tangible net income excluding the following tax-effected impacts: discount accretion and interest recoveries from the full payment on purchased credit-impaired and workout loans, change in equity award expense recognition for retirement eligible employees, FDIC special assessment and DC Solar recoveries, and the impact of the CA SSF. Given that the use of such measures and ratios is more prevalent in the banking industry, and are used by banking regulators and analysts, the Company has included them below for discussion. (1) Applied statutory tax rate of 28.02% for the three and nine months ended September 30, 2026, and the three months ended June 30, 2026. Applied statutory tax rate of iiiiiiii28.18% for the three and nine months ended September 30, 2025. (2) Annualized. Three Months Ended Nine Months Ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 Net income (a) $ 382,196 $ 363,700 $ 368,394 $ 1,103,692 $ 968,917 Add: Amortization of mortgage servicing assets 269 264 266 682 875 Tax effect of amortization adjustment1 (75) (74) (75) (191) (247) Tangible net income (b) $ 382,390 $ 363,890 $ 368,585 $ 1,104,183 $ 969,545 Less: Loan payoff discount accretion and interest recoveries - - (32,296) - (32,296) Add: Change in equity award expense recognition for retirement eligible employees - - 27,141 - 27,141 Less: FDIC special assessment reversals - - (1,927) (1,015) (1,927) Less: DC Solar recoveries (323) - (50) (323) (50) Tax effects of adjustments1 91 - 2,010 375 2,010 Add: Impact of the CA SSF - - - - 6,391 Adjusted tangible net income (c) $ 382,158 $ 363,890 $ 363,463 $ 1,103,220 $ 970,814 Average stockholders' equity (d) $ 9,304,928 $ 9,114,396 $ 8,381,214 $ 9,156,509 $ 8,108,615 Less: Average goodwill (465,697) (465,697) (465,697) (465,697) (465,697) Average mortgage servicing assets (3,640) (3,884) (4,534) (3,848) (4,824) Average tangible book value (e) $ 8,835,591 $ 8,644,815 $ 7,910,983 $ 8,686,964 $ 7,638,094 Return on average common equity2 (a)/(d) 16.30% 16.01% 17.44% 16.12% 15.98% Return on average TCE2 (b)/(e) 17.17% 16.88% 18.48% 16.99% 16.97% Adjusted return on average TCE2 (c)/(e) 17.16% 16.88% 18.23% 16.98% 16.99%