EWBC 8-K
East West Bancorp Inc (EWBC)
8-K
2026-07-21
For: 2026-07-21
View Original
Added on
July 21, 2026
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 July 21, 2026, East West Bancorp, Inc. (the “Company”) announced its financial results for the quarter ended June 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 July 21, 2026, the Company will hold a conference call to discuss its financial results for the quarter ended June 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 July 21, 2026. | |||||
| Presentation Materials, dated July 21, 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: July 21, 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 SECOND QUARTER 2026 RESULTS, WITH EARNINGS PER SHARE UP 18% YEAR-OVER-YEAR, DRIVEN BY RECORD TOTAL REVENUE
Pasadena, California – July 21, 2026 – East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, reported second quarter 2026 net income of $364 million, or $2.63 per diluted share. Total loans and deposits both reached new records as of June 30, 2026, at $59.0 billion and $70.1 billion, respectively. Return on average assets was 1.75%, return on average common equity was 16.0%, and book value per share grew 13% year-over-year.
“East West delivered another strong quarter of balanced growth, resulting in record levels of net interest income, revenue, loans, and deposits,” said Dominic Ng, Chairman and Chief Executive Officer. “Over the past year our relationship-focused strategy continued to drive the business forward, with noninterest-bearing deposits increasing significantly. We generated a return on average tangible common equity1 of 17% and grew tangible book value per share1 by 14% from a year ago.”
“Our above-peer returns reflect the growth opportunities we have captured across our markets, supported by disciplined execution and stable credit performance,” said Ng. “Strong earnings further bolstered our capital position and reinforced the balance sheet, positioning us well to deliver sustainable growth and long-term value for shareholders,” concluded Ng.
FINANCIAL HIGHLIGHTS
| Three Months Ended | June 30, 2026 % Change | ||||||||||||||||||||||||||||||||||
| ($ in millions, except per share data) | June 30, 2026 | March 31, 2026 | June 30, 2025 | Qtr-o-Qtr | Yr-o-Yr | ||||||||||||||||||||||||||||||
| Total Revenue | $791 | $774 | $703 | 2 | % | 12 | % | ||||||||||||||||||||||||||||
Pre-tax, Pre-provision Income2 | 501 | 493 | 447 | 1 | 12 | ||||||||||||||||||||||||||||||
| Net Income | 364 | 358 | 310 | 2 | 17 | ||||||||||||||||||||||||||||||
| Diluted Earnings per Share | $2.63 | $2.57 | $2.24 | 2 | 18 | ||||||||||||||||||||||||||||||
| Book Value per Share | $67.48 | $65.70 | $59.51 | 3 | 13 | ||||||||||||||||||||||||||||||
Tangible Book Value per Share1 | $64.06 | $62.27 | $56.10 | 3 | % | 14 | % | ||||||||||||||||||||||||||||
| Return on Average Assets | 1.75% | 1.79% | 1.62% | -4 bps | 13 bps | ||||||||||||||||||||||||||||||
| Return on Average Common Equity | 16.01% | 16.04% | 15.42% | -3 bps | 59 bps | ||||||||||||||||||||||||||||||
Return on Average Tangible Common Equity1 | 16.88% | 16.92% | 16.39% | -4 bps | 49 bps | ||||||||||||||||||||||||||||||
| Total Stockholders’ Equity to Assets Ratio | 10.91% | 10.86% | 10.49% | 5 bps | 42 bps | ||||||||||||||||||||||||||||||
Tangible Common Equity Ratio1 | 10.41% | 10.35% | 9.95% | 6 bps | 46 bps | ||||||||||||||||||||||||||||||
| Total Assets | $84,763 | $82,886 | $78,158 | 2 | % | 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 14. | |||||||||||
2 Pre-tax, pre-provision income is a non-GAAP financial measure. See reconciliation of GAAP to non-GAAP financial measures in Table 13. | |||||||||||
1
BALANCE SHEET
•Assets – Total assets were $84.8 billion as of June 30, 2026, an increase of $1.9 billion, or 2%, from $82.9 billion as of March 31, 2026. Year-over-year, total assets grew $6.6 billion, or 8%, from $78.2 billion as of June 30, 2025.
Second quarter 2026 average interest-earning assets of $80.1 billion were up $2.1 billion, or 3%, from $78.0 billion in the first quarter, primarily reflecting a $1.2 billion increase in average total loans outstanding and $0.8 billion of average securities growth.
•Loans – Total loans reached a record $59.0 billion as of June 30, 2026, an increase of $0.9 billion, or 1%, from $58.1 billion as of March 31, 2026. Year-over-year, total loans were up $4.0 billion, or 7%, from $55.0 billion as of June 30, 2025.
Second quarter 2026 average total loans grew by nearly $1.2 billion, or 2%, to $58.2 billion, from $57.1 billion in the first quarter of 2026.
•Deposits – Total deposits reached a record $70.1 billion as of June 30, 2026, an increase of $1.2 billion, or 2%, from $68.9 billion as of March 31, 2026, primarily reflecting growth in noninterest-bearing demand deposits. Noninterest-bearing deposits made up 26% of total deposits as of June 30, 2026. Year-over-year, total deposits increased $5.1 billion, or 8%, from $65.0 billion as of June 30, 2025.
Second quarter 2026 total average deposits of $68.7 billion increased $1.2 billion from the first quarter of 2026, primarily reflecting growth in average noninterest-bearing demand, money market, time, and savings deposits.
•Capital – As of June 30, 2026, stockholders’ equity was $9.2 billion, up 3% quarter-over-quarter. The total stockholders’ equity to assets ratio was 10.91% as of June 30, 2026, compared with 10.86% as of March 31, 2026.
Book value per share was $67.48 as of June 30, 2026, up $1.78, or 3% quarter-over-quarter. As of June 30, 2026, tangible book value per share3 was $64.06, up $1.79, or 3% quarter-over-quarter.
East West’s regulatory capital ratios are well in excess of requirements for well-capitalized institutions, and well above regional bank averages.
CAPITAL STRENGTH
Capital metrics as of June 30, 2026, March 31, 2026, and June 30, 2025 are presented below.
| EWBC Capital | |||||||||||||||||||||||||||||
| ($ in millions) | June 30, 2026 (a) | March 31, 2026 | June 30, 2025 | ||||||||||||||||||||||||||
Risk-Weighted Assets (“RWA”) (b) | $59,201 | $58,559 | $56,280 | ||||||||||||||||||||||||||
| Risk-based capital ratios: | |||||||||||||||||||||||||||||
| Total capital ratio | 16.75% | 16.45% | 15.82% | ||||||||||||||||||||||||||
| CET1 capital ratio | 15.44% | 15.13% | 14.51% | ||||||||||||||||||||||||||
| Tier 1 capital ratio | 15.44% | 15.13% | 14.51% | ||||||||||||||||||||||||||
| Leverage ratio | 11.00% | 10.95% | 10.60% | ||||||||||||||||||||||||||
| Total stockholders’ equity to assets ratio | 10.91% | 10.86% | 10.49% | ||||||||||||||||||||||||||
Tangible common equity ratio (c) | 10.41% | 10.35% | 9.95% | ||||||||||||||||||||||||||
(a)The Company’s June 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 14.
3 Tangible book value per share is a non-GAAP financial measure. See reconciliation of GAAP to non-GAAP measures in Table 14. | ||||||||||||||
2
OPERATING RESULTS
Second Quarter Earnings – Second quarter 2026 net income was $364 million, an increase of $6 million, or 2% from the first quarter, and 17% from $310 million for the second quarter of 2025. Second quarter 2026 diluted earnings per share (“EPS”) were $2.63, an increase of 2% from $2.57 per diluted share for the first quarter and 18% from $2.24 per diluted share for the second quarter of 2025.
Second Quarter 2026 Compared to First Quarter 2026 and Second Quarter 2025
Net Interest Income and Net Interest Margin
Net interest income totaled $685 million in the second quarter of 2026, an increase of over $13 million, or 2%, from $671 million in the prior quarter and $68 million, or 11%, from the second quarter of 2025. Net interest margin was 3.43% in the second quarter of 2026, a 6 basis-point decline from the prior quarter and an 8 basis-point increase from the second quarter of 2025.
•The average loan yield was 6.02%, down 9 basis points from the prior quarter. The average interest-earning asset yield was 5.41%, down 8 basis points from the prior quarter.
•The average cost of interest-bearing deposits was 2.81%, a 3 basis-point decrease from the prior quarter. The average cost of funds was 2.19%, down 2 basis points from the prior quarter.
Noninterest Income
Noninterest income totaled a record $106 million in the second quarter of 2026, an increase of $4 million, or 4%, from the first quarter and $20 million, or 24%, from the second quarter of 2025. Fee income4 of $96 million decreased $3 million, or 3%, from $99 million in the prior quarter and increased $15 million, or 19%, from the second quarter of 2025.
•Lending and loan servicing fees increased $2 million in the second quarter, reflecting higher syndication fees.
•Commercial and consumer deposit-related fees increased $1 million quarter-over-quarter, reflecting higher customer activity.
•Wealth management fees decreased $3 million in the second quarter, primarily reflecting lower customer activity from record levels set in the prior quarter.
•Customer derivative income decreased $3 million quarter-over-quarter, reflecting lower customer activity.
•Other income increased $9 million quarter-over-quarter, primarily reflecting gains from investments held in connection with deferred compensation plans.
•Other investment income decreased $3 million quarter-over-quarter, reflecting lower income from investments.
Noninterest Expense
Total noninterest expense was $291 million in the second quarter, which included $23 million of amortization for tax credit and Community Reinvestment Act investments. Total operating noninterest expense was $268 million, an increase of $9 million from the first quarter and $38 million, or 17%, from the second quarter of 2025.
•Other real estate owned (“OREO”) expense increased $3 million in the second quarter.
•Other operating expense was $39 million, an increase of $2 million, primarily reflecting higher loan-related expenses.
•Deposit insurance premiums and regulatory assessments were $10 million, an increase of $1 million quarter-over-quarter, reflecting an FDIC special assessment reversal in the prior quarter.
•Deposit account expense, occupancy and equipment expense, and computer and software related expense each increased $1 million quarter-over-quarter.
•The efficiency ratio was 36.7% in the second quarter, compared with 36.2% in the prior quarter.
TAX RELATED ITEMS
Second quarter 2026 income tax expense was $104 million and the effective tax rate was 22.2%, compared with income tax expense of $100 million and 21.8% in the first quarter, primarily due to stock-based compensation tax benefits in the first quarter and higher pretax income in the second quarter, partially offset by a tax settlement benefit in the second quarter.
4 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
ASSET QUALITY
As of June 30, 2026, the credit quality of our loan portfolio remained stable.
•Second quarter 2026 provision for credit losses was $33 million, compared with $36 million in the first quarter of 2026.
•The allowance for loan losses was $842 million, or 1.43% of loans held-for-investment (“HFI”), as of June 30, 2026, compared with $836 million, or 1.44% of loans HFI, as of March 31, 2026.
•The nonperforming assets ratio was 0.29% of total assets as of June 30, 2026, a 3 basis point increase from the prior quarter. Nonperforming assets increased $31 million to $247 million as of June 30, 2026, from $216 million as of March 31, 2026, driven primarily by increases in commercial real estate nonaccrual loans and OREO.
•Second quarter 2026 net charge-offs were $27 million, or annualized 0.19% of average loans HFI, compared with $12 million, or annualized 0.09% of average loans HFI, for the first quarter of 2026.
DIVIDEND PAYOUT AND CAPITAL ACTIONS
East West’s Board of Directors has declared the third quarter 2026 dividend for the Company’s common stock. The common stock cash dividend of $0.80 per share is payable on August 17th, 2026 to shareholders of record as of August 3rd, 2026.
East West did not repurchase any shares of common stock during the second 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 $84.8 billion as of June 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 second quarter 2026 earnings with the public on Tuesday, July 21, 2026 at 2:00 p.m. PT/5:00 p.m. ET. The public and investment community are invited to listen as management discusses second 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 Inquiries, Contact: | For Media Inquiries, Contact: | |||||||
Adrienne Atkinson | Angie Tang | |||||||
Director of Investor Relations and Corporate Development | Director of Corporate Communications | |||||||
T: (626) 788-7536 | T: (626) 768-6853 | |||||||
| E: [email protected] | E: [email protected] | |||||||
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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 | ||||||||||||||||||||||||||||||||||||||
June 30, 2026 % or Basis Point Change | ||||||||||||||||||||||||||||||||||||||
| June 30, 2026 | March 31, 2026 | June 30, 2025 | Qtr-o-Qtr | Yr-o-Yr | ||||||||||||||||||||||||||||||||||
| Assets | ||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents, and deposits with banks | $ | 5,101,349 | $ | 4,449,368 | $ | 4,514,476 | 14.7 | % | 13.0 | % | ||||||||||||||||||||||||||||
| Securities purchased under resale agreements (“resale agreements”) | 425,000 | 425,000 | 425,000 | — | — | |||||||||||||||||||||||||||||||||
Available-for-sale (“AFS”) debt securities (amortized cost of $15,055,558, $14,546,038 and $13,035,258) | 14,581,546 | 14,093,483 | 12,488,913 | 3.5 | 16.8 | |||||||||||||||||||||||||||||||||
Held-to-maturity (“HTM”) debt securities, at amortized cost (fair value of $2,443,494, $2,453,003 and $2,437,247) | 2,845,364 | 2,858,978 | 2,892,982 | (0.5) | (1.6) | |||||||||||||||||||||||||||||||||
| Total cash, resale agreements and debt securities | 22,953,259 | 21,826,829 | 20,321,371 | 5.2 | 13.0 | |||||||||||||||||||||||||||||||||
| Loans held-for-sale (“HFS”) | 17,425 | 27,585 | 11,873 | (36.8) | 46.8 | |||||||||||||||||||||||||||||||||
Loans held-for-investment (“HFI”) (net of allowance for loan losses of $842,056, $835,874 and $760,416) | 58,121,884 | 57,264,875 | 54,200,768 | 1.5 | 7.2 | |||||||||||||||||||||||||||||||||
| Affordable housing partnership, tax credit and Community Reinvestment Act (“CRA”) investments, net | 919,230 | 983,976 | 968,389 | (6.6) | (5.1) | |||||||||||||||||||||||||||||||||
| Goodwill | 465,697 | 465,697 | 465,697 | — | — | |||||||||||||||||||||||||||||||||
| Operating lease right-of-use assets | 149,110 | 134,129 | 80,523 | 11.2 | 85.2 | |||||||||||||||||||||||||||||||||
| Other assets | 2,136,867 | 2,183,061 | 2,109,446 | (2.1) | 1.3 | |||||||||||||||||||||||||||||||||
| Total assets | $ | 84,763,472 | $ | 82,886,152 | $ | 78,158,067 | 2.3 | % | 8.5 | % | ||||||||||||||||||||||||||||
| Liabilities and Stockholders’ Equity | ||||||||||||||||||||||||||||||||||||||
| Deposits | $ | 70,092,693 | $ | 68,919,555 | $ | 65,029,493 | 1.7 | % | 7.8 | % | ||||||||||||||||||||||||||||
| Federal Home Loan Bank (“FHLB”) advances | 3,000,000 | 3,000,000 | 3,500,000 | — | (14.3) | |||||||||||||||||||||||||||||||||
Securities sold under repurchase agreements (“repurchase agreements”) | 956,894 | 494,027 | — | 93.7 | 100.0 | |||||||||||||||||||||||||||||||||
| Long-term debt and finance lease liabilities | 35,451 | 35,545 | 35,789 | (0.3) | (0.9) | |||||||||||||||||||||||||||||||||
| Operating lease liabilities | 164,973 | 148,731 | 86,987 | 10.9 | 89.7 | |||||||||||||||||||||||||||||||||
| Accrued expenses and other liabilities | 1,267,532 | 1,288,859 | 1,304,031 | (1.7) | (2.8) | |||||||||||||||||||||||||||||||||
| Total liabilities | 75,517,543 | 73,886,717 | 69,956,300 | 2.2 | 7.9 | |||||||||||||||||||||||||||||||||
| Stockholders’ equity | 9,245,929 | 8,999,435 | 8,201,767 | 2.7 | 12.7 | |||||||||||||||||||||||||||||||||
| Total liabilities and stockholders’ equity | $ | 84,763,472 | $ | 82,886,152 | $ | 78,158,067 | 2.3 | % | 8.5 | % | ||||||||||||||||||||||||||||
Total cash, resale agreements and debt securities/total assets | 27.08 | % | 26.33 | % | 26.00 | % | 75 | bps | 108 | bps | ||||||||||||||||||||||||||||
| Total stockholders’ equity to assets ratio | 10.91 | % | 10.86 | % | 10.49 | % | 5 | 42 | ||||||||||||||||||||||||||||||
Tangible common equity (“TCE”) ratio (1) | 10.41 | % | 10.35 | % | 9.95 | % | 6 | bps | 46 | bps | ||||||||||||||||||||||||||||
| Book value per share | $ | 67.48 | $ | 65.70 | $ | 59.51 | 2.7 | % | 13.4 | % | ||||||||||||||||||||||||||||
Tangible book value (1) per share | $ | 64.06 | $ | 62.27 | $ | 56.10 | 2.9 | 14.2 | ||||||||||||||||||||||||||||||
| Number of common shares at period-end | 137,011 | 136,979 | 137,816 | 0.0 | % | (0.6) | % | |||||||||||||||||||||||||||||||
(1)The TCE ratio and the tangible book value are non-GAAP financial measures. See reconciliation of GAAP to non-GAAP measures in Table 14.
6
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||||||||||||||
| TOTAL LOANS AND DEPOSITS DETAIL | ||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||||||||||||||
| Table 2 | ||||||||||||||||||||||||||||||||||||||
June 30, 2026 % Change | ||||||||||||||||||||||||||||||||||||||
| June 30, 2026 | March 31, 2026 | June 30, 2025 | Qtr-o-Qtr | Yr-o-Yr | ||||||||||||||||||||||||||||||||||
| Loans: | ||||||||||||||||||||||||||||||||||||||
| Commercial: | ||||||||||||||||||||||||||||||||||||||
| Commercial and industrial (“C&I”) | $ | 19,862,701 | $ | 19,550,953 | $ | 17,822,881 | 1.6 | % | 11.4 | % | ||||||||||||||||||||||||||||
| Commercial real estate (“CRE”): | ||||||||||||||||||||||||||||||||||||||
| CRE | 15,585,610 | 15,491,057 | 14,978,775 | 0.6 | 4.1 | |||||||||||||||||||||||||||||||||
| Multifamily residential | 5,251,556 | 5,129,247 | 4,978,915 | 2.4 | 5.5 | |||||||||||||||||||||||||||||||||
| Construction and land | 831,822 | 811,999 | 709,713 | 2.4 | 17.2 | |||||||||||||||||||||||||||||||||
| Total CRE | 21,668,988 | 21,432,303 | 20,667,403 | 1.1 | 4.8 | |||||||||||||||||||||||||||||||||
| Consumer: | ||||||||||||||||||||||||||||||||||||||
| Residential mortgage: | ||||||||||||||||||||||||||||||||||||||
| Single-family residential (“SFR”) | 15,336,309 | 15,119,709 | 14,569,997 | 1.4 | 5.3 | |||||||||||||||||||||||||||||||||
| Home equity lines of credit (“HELOCs”) | 2,039,285 | 1,945,867 | 1,850,965 | 4.8 | 10.2 | |||||||||||||||||||||||||||||||||
| Total residential mortgage | 17,375,594 | 17,065,576 | 16,420,962 | 1.8 | 5.8 | |||||||||||||||||||||||||||||||||
| Other consumer | 56,657 | 51,917 | 49,938 | 9.1 | 13.5 | |||||||||||||||||||||||||||||||||
Total loans HFI (1) | 58,963,940 | 58,100,749 | 54,961,184 | 1.5 | 7.3 | |||||||||||||||||||||||||||||||||
| Loans HFS | 17,425 | 27,585 | 11,873 | (36.8) | 46.8 | |||||||||||||||||||||||||||||||||
Total loans (1) | 58,981,365 | 58,128,334 | 54,973,057 | 1.5 | 7.3 | |||||||||||||||||||||||||||||||||
Allowance for loan and lease losses (“ALLL”) | (842,056) | (835,874) | (760,416) | 0.7 | 10.7 | |||||||||||||||||||||||||||||||||
Net loans (1) | $ | 58,139,309 | $ | 57,292,460 | $ | 54,212,641 | 1.5 | % | 7.2 | % | ||||||||||||||||||||||||||||
Deposits by product: | ||||||||||||||||||||||||||||||||||||||
| Noninterest-bearing demand | $ | 18,355,698 | $ | 17,480,959 | $ | 15,470,239 | 5.0 | % | 18.7 | % | ||||||||||||||||||||||||||||
| Interest-bearing checking | 8,047,826 | 8,069,468 | 8,143,893 | (0.3) | (1.2) | |||||||||||||||||||||||||||||||||
| Money market | 16,259,299 | 16,226,097 | 15,420,318 | 0.2 | 5.4 | |||||||||||||||||||||||||||||||||
| Savings | 1,891,021 | 1,731,547 | 1,683,703 | 9.2 | 12.3 | |||||||||||||||||||||||||||||||||
| Time deposits | 25,538,849 | 25,411,484 | 24,311,340 | 0.5 | 5.0 | |||||||||||||||||||||||||||||||||
| Total deposits | $ | 70,092,693 | $ | 68,919,555 | $ | 65,029,493 | 1.7 | % | 7.8 | % | ||||||||||||||||||||||||||||
Deposits by segment/region: | ||||||||||||||||||||||||||||||||||||||
| Consumer and Business Banking - U.S. | $ | 36,951,120 | $ | 35,847,814 | $ | 33,407,064 | 3.1 | % | 10.6 | % | ||||||||||||||||||||||||||||
Commercial Banking - U.S. (2) | 24,910,459 | 24,829,606 | 23,593,647 | 0.3 | 5.6 | |||||||||||||||||||||||||||||||||
International Branches (3) | 4,133,100 | 3,906,121 | 3,579,005 | 5.8 | 15.5 | |||||||||||||||||||||||||||||||||
Treasury and Other - U.S. (4) | 4,098,014 | 4,336,014 | 4,449,777 | (5.5) | (7.9) | |||||||||||||||||||||||||||||||||
| Total deposits | $ | 70,092,693 | $ | 68,919,555 | $ | 65,029,493 | 1.7 | % | 7.8 | % | ||||||||||||||||||||||||||||
Loan-to-deposit ratio | 84.15 | % | 84.34 | % | 84.54 | % | (19) | bps | (39) | bps | ||||||||||||||||||||||||||||
(1)Includes $13 million, $17 million and $74 million of net deferred loan fees and net unamortized premiums as of June 30, 2026, March 31, 2026 and June 30, 2025, respectively.
(2)Excludes deposits presented under International Branches.
(3)Deposits of our Hong Kong branch and China subsidiary bank branches are a subset of Commercial Banking segment deposits.
(4)Treasury and Other segment deposits reflect wholesale, public funds, and brokered deposits, primarily managed by the Company’s Treasury department.
7
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENT OF INCOME | |||||||||||||||||||||||||||||||||||
| ($ and shares in thousands, except per share data) | |||||||||||||||||||||||||||||||||||
| (unaudited) | |||||||||||||||||||||||||||||||||||
| Table 3 | |||||||||||||||||||||||||||||||||||
| Three Months Ended | June 30, 2026 % Change | ||||||||||||||||||||||||||||||||||
| June 30, 2026 | March 31, 2026 | June 30, 2025 | Qtr-o-Qtr | Yr-o-Yr | |||||||||||||||||||||||||||||||
| Interest and dividend income | $ | 1,080,823 | $ | 1,055,510 | $ | 1,058,999 | 2.4% | 2.1% | |||||||||||||||||||||||||||
| Interest expense | 396,172 | 384,317 | 441,925 | 3.1 | (10.4) | ||||||||||||||||||||||||||||||
| Net interest income before provision for credit losses | 684,651 | 671,193 | 617,074 | 2.0 | 11.0 | ||||||||||||||||||||||||||||||
| Provision for credit losses | 33,000 | 36,000 | 45,000 | (8.3) | (26.7) | ||||||||||||||||||||||||||||||
| Net interest income after provision for credit losses | 651,651 | 635,193 | 572,074 | 2.6% | 13.9% | ||||||||||||||||||||||||||||||
| Noninterest income: | |||||||||||||||||||||||||||||||||||
Commercial and consumer deposit-related fees | 31,621 | 30,619 | 26,865 | 3.3 | 17.7 | ||||||||||||||||||||||||||||||
| Lending and loan servicing fees | 27,961 | 26,070 | 25,586 | 7.3 | 9.3 | ||||||||||||||||||||||||||||||
| Foreign exchange income | 14,926 | 15,447 | 13,715 | (3.4) | 8.8 | ||||||||||||||||||||||||||||||
| Wealth management fees | 19,461 | 22,260 | 10,725 | (12.6) | 81.5 | ||||||||||||||||||||||||||||||
Customer derivative income | 1,895 | 4,595 | 3,645 | (58.8) | (48.0) | ||||||||||||||||||||||||||||||
| Total fee income | 95,864 | 98,991 | 80,536 | (3.2) | 19.0 | ||||||||||||||||||||||||||||||
Derivative mark-to-market and credit valuation adjustments | (732) | 934 | (1,444) | NM | (49.3) | ||||||||||||||||||||||||||||||
| Net gains on AFS debt securities | 2,931 | 616 | 746 | 375.8 | 292.9 | ||||||||||||||||||||||||||||||
| Other investment (loss) income | (49) | 2,956 | 678 | NM | NM | ||||||||||||||||||||||||||||||
| Other income (loss) | 8,478 | (941) | 5,662 | NM | 49.7 | ||||||||||||||||||||||||||||||
| Total noninterest income | 106,492 | 102,556 | 86,178 | 3.8% | 23.6% | ||||||||||||||||||||||||||||||
| Noninterest expense: | |||||||||||||||||||||||||||||||||||
Compensation and employee benefits (1) | 172,543 | 172,665 | 144,841 | (0.1)% | 19.1% | ||||||||||||||||||||||||||||||
| Occupancy and equipment expense | 19,553 | 18,248 | 16,289 | 7.2 | 20.0 | ||||||||||||||||||||||||||||||
| Computer and software related expenses | 15,433 | 14,747 | 13,446 | 4.7 | 14.8 | ||||||||||||||||||||||||||||||
Deposit insurance premiums and regulatory assessments (2) | 10,268 | 8,859 | 9,133 | 15.9 | 12.4 | ||||||||||||||||||||||||||||||
| Deposit account expense | 8,906 | 7,533 | 9,348 | 18.2 | (4.7) | ||||||||||||||||||||||||||||||
Other real estate owned (“OREO”) expense (income) | 2,254 | (264) | (493) | NM | NM | ||||||||||||||||||||||||||||||
| Other operating expense | 38,869 | 36,542 | 37,220 | 6.4 | 4.4 | ||||||||||||||||||||||||||||||
Total operating noninterest expense | 267,826 | 258,330 | 229,784 | 3.7 | 16.6 | ||||||||||||||||||||||||||||||
| Amortization of tax credit and CRA investments | 22,796 | 21,984 | 26,236 | 3.7 | (13.1) | ||||||||||||||||||||||||||||||
| Total noninterest expense | 290,622 | 280,314 | 256,020 | 3.7 | 13.5 | ||||||||||||||||||||||||||||||
| Income before income taxes | 467,521 | 457,435 | 402,232 | 2.2 | 16.2 | ||||||||||||||||||||||||||||||
| Income tax expense | 103,821 | 99,639 | 91,979 | 4.2 | 12.9 | ||||||||||||||||||||||||||||||
| Net income | $ | 363,700 | $ | 357,796 | $ | 310,253 | 1.7% | 17.2% | |||||||||||||||||||||||||||
| Earnings per share (“EPS”) | |||||||||||||||||||||||||||||||||||
| - Basic | $ | 2.65 | $ | 2.59 | $ | 2.25 | 2.1% | 17.6% | |||||||||||||||||||||||||||
| - Diluted | $ | 2.63 | $ | 2.57 | $ | 2.24 | 2.2 | 17.6 | |||||||||||||||||||||||||||
| Weighted-average number of shares outstanding | |||||||||||||||||||||||||||||||||||
| - Basic | 137,450 | 138,054 | 137,818 | (0.4)% | (0.3)% | ||||||||||||||||||||||||||||||
| - Diluted | 138,301 | 138,919 | 138,789 | (0.4) | (0.4) | ||||||||||||||||||||||||||||||
NM - Not meaningful.
(1)Includes $5 million and $6 million of additional compensation expense from the change in equity award expense recognition for retirement eligible employees for the three months ended June 30, 2026 and March 31, 2026, respectively.
(2)Includes $1 million and $833 thousand of FDIC special assessment reversals for the three months ended March 31, 2026 and June 30, 2025, respectively.
8
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | |||||||||||||||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENT OF INCOME | |||||||||||||||||||||||||||||
| ($ and shares in thousands, except per share data) | |||||||||||||||||||||||||||||
| (unaudited) | |||||||||||||||||||||||||||||
| Table 4 | |||||||||||||||||||||||||||||
| Six Months Ended | June 30, 2026 % Change | ||||||||||||||||||||||||||||
| June 30, 2026 | June 30, 2025 | Yr-o-Yr | |||||||||||||||||||||||||||
| Interest and dividend income | $ | 2,136,333 | $ | 2,090,801 | 2.2% | ||||||||||||||||||||||||
| Interest expense | 780,489 | 873,526 | (10.7) | ||||||||||||||||||||||||||
| Net interest income before provision for credit losses | 1,355,844 | 1,217,275 | 11.4 | ||||||||||||||||||||||||||
| Provision for credit losses | 69,000 | 94,000 | (26.6) | ||||||||||||||||||||||||||
| Net interest income after provision for credit losses | 1,286,844 | 1,123,275 | 14.6% | ||||||||||||||||||||||||||
| Noninterest income: | |||||||||||||||||||||||||||||
| Commercial and consumer deposit-related fees | 62,240 | 53,940 | 15.4 | ||||||||||||||||||||||||||
| Lending and loan servicing fees | 54,031 | 51,816 | 4.3 | ||||||||||||||||||||||||||
| Foreign exchange income | 30,373 | 29,552 | 2.8 | ||||||||||||||||||||||||||
| Wealth management fees | 41,721 | 24,404 | 71.0 | ||||||||||||||||||||||||||
| Customer derivative income | 6,490 | 9,184 | (29.3) | ||||||||||||||||||||||||||
| Total fee income | 194,855 | 168,896 | 15.4 | ||||||||||||||||||||||||||
| Derivative mark-to-market and credit valuation adjustments | 202 | (2,914) | NM | ||||||||||||||||||||||||||
| Net gains on AFS debt securities | 3,547 | 877 | 304.4 | ||||||||||||||||||||||||||
| Other investment income | 2,907 | 2,940 | (1.1) | ||||||||||||||||||||||||||
| Other income | 7,537 | 8,481 | (11.1) | ||||||||||||||||||||||||||
| Total noninterest income | 209,048 | 178,280 | 17.3% | ||||||||||||||||||||||||||
| Noninterest expense: | |||||||||||||||||||||||||||||
Compensation and employee benefits (1) | 345,208 | 291,276 | 18.5% | ||||||||||||||||||||||||||
| Occupancy and equipment expense | 37,801 | 31,978 | 18.2 | ||||||||||||||||||||||||||
| Computer and software related expenses | 30,180 | 26,760 | 12.8 | ||||||||||||||||||||||||||
Deposit insurance premiums and regulatory assessments (2) | 19,127 | 19,518 | (2.0) | ||||||||||||||||||||||||||
| Deposit account expense | 16,439 | 18,390 | (10.6) | ||||||||||||||||||||||||||
OREO expense | 1,990 | 3,673 | (45.8) | ||||||||||||||||||||||||||
| Other operating expense | 75,411 | 74,595 | 1.1 | ||||||||||||||||||||||||||
| Total operating noninterest expense | 526,156 | 466,190 | 12.9 | ||||||||||||||||||||||||||
| Amortization of tax credit and CRA investments | 44,780 | 41,978 | 6.7 | ||||||||||||||||||||||||||
| Total noninterest expense | 570,936 | 508,168 | 12.4 | ||||||||||||||||||||||||||
| Income before income taxes | 924,956 | 793,387 | 16.6 | ||||||||||||||||||||||||||
| Income tax expense | 203,460 | 192,864 | 5.5 | ||||||||||||||||||||||||||
| Net income | $ | 721,496 | $ | 600,523 | 20.1% | ||||||||||||||||||||||||
| EPS | |||||||||||||||||||||||||||||
| - Basic | $ | 5.24 | $ | 4.35 | 20.4% | ||||||||||||||||||||||||
| - Diluted | $ | 5.21 | $ | 4.32 | 20.6 | ||||||||||||||||||||||||
| Weighted-average number of shares outstanding | |||||||||||||||||||||||||||||
| - Basic | 137,757 | 138,009 | (0.2)% | ||||||||||||||||||||||||||
| - Diluted | 138,568 | 139,058 | (0.4) | ||||||||||||||||||||||||||
NM - Not meaningful.
(1)Includes $11 million of additional compensation expense from the change in equity award expense recognition for retirement eligible employees for the six months ended June 30, 2026.
(2)Includes $1 million of FDIC special assessment reversals for the six months ended June 30, 2026.
9
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| SELECTED AVERAGE BALANCES | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| (unaudited) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Table 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | June 30, 2026 % Change | Six Months Ended | June 30, 2026 % Change | ||||||||||||||||||||||||||||||||||||||||||||||||||
| June 30, 2026 | March 31, 2026 | June 30, 2025 | Qtr-o-Qtr | Yr-o-Yr | June 30, 2026 | June 30, 2025 | Yr-o-Yr | ||||||||||||||||||||||||||||||||||||||||||||||
| Loans: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| C&I | $ | 19,452,052 | $ | 18,752,867 | $ | 17,363,095 | 3.7% | 12.0% | $ | 19,104,391 | $ | 17,115,622 | 11.6% | ||||||||||||||||||||||||||||||||||||||||
| CRE: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| CRE | 15,532,163 | 15,424,498 | 14,864,277 | 0.7 | 4.5 | 15,478,628 | 14,798,445 | 4.6 | |||||||||||||||||||||||||||||||||||||||||||||
| Multifamily residential | 5,196,260 | 5,131,257 | 4,981,155 | 1.3 | 4.3 | 5,163,938 | 4,973,345 | 3.8 | |||||||||||||||||||||||||||||||||||||||||||||
| Construction and land | 822,119 | 766,414 | 689,713 | 7.3 | 19.2 | 794,420 | 682,738 | 16.4 | |||||||||||||||||||||||||||||||||||||||||||||
| Total CRE | 21,550,542 | 21,322,169 | 20,535,145 | 1.1 | 4.9 | 21,436,986 | 20,454,528 | 4.8 | |||||||||||||||||||||||||||||||||||||||||||||
| Consumer: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Residential mortgage: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Single-family residential | 15,186,553 | 15,013,979 | 14,477,173 | 1.1 | 4.9 | 15,100,743 | 14,358,594 | 5.2 | |||||||||||||||||||||||||||||||||||||||||||||
| HELOCs | 1,987,280 | 1,914,101 | 1,858,881 | 3.8 | 6.9 | 1,950,892 | 1,835,084 | 6.3 | |||||||||||||||||||||||||||||||||||||||||||||
| Total residential mortgage | 17,173,833 | 16,928,080 | 16,336,054 | 1.5 | 5.1 | 17,051,635 | 16,193,678 | 5.3 | |||||||||||||||||||||||||||||||||||||||||||||
| Other consumer | 53,075 | 51,533 | 47,138 | 3.0 | 12.6 | 52,309 | 48,351 | 8.2 | |||||||||||||||||||||||||||||||||||||||||||||
Total loans (1) | $ | 58,229,502 | $ | 57,054,649 | $ | 54,281,432 | 2.1% | 7.3% | $ | 57,645,321 | $ | 53,812,179 | 7.1% | ||||||||||||||||||||||||||||||||||||||||
| Interest-earning assets | $ | 80,089,545 | $ | 77,967,079 | $ | 73,903,125 | 2.7% | 8.4% | $ | 79,034,175 | $ | 73,314,428 | 7.8% | ||||||||||||||||||||||||||||||||||||||||
| Total assets | $ | 83,150,969 | $ | 81,080,258 | $ | 76,862,028 | 2.6% | 8.2% | $ | 82,121,334 | $ | 76,246,907 | 7.7% | ||||||||||||||||||||||||||||||||||||||||
| Deposits: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Noninterest-bearing demand | $ | 17,362,645 | $ | 16,877,461 | $ | 15,114,806 | 2.9% | 14.9% | $ | 17,121,393 | $ | 15,109,447 | 13.3% | ||||||||||||||||||||||||||||||||||||||||
| Interest-bearing checking | 7,530,547 | 7,652,611 | 7,597,103 | (1.6) | (0.9) | 7,591,242 | 7,672,963 | (1.1) | |||||||||||||||||||||||||||||||||||||||||||||
| Money market | 16,545,079 | 16,203,527 | 15,325,928 | 2.1 | 8.0 | 16,375,246 | 15,081,131 | 8.6 | |||||||||||||||||||||||||||||||||||||||||||||
| Savings | 1,905,782 | 1,701,913 | 1,745,220 | 12.0 | 9.2 | 1,804,410 | 1,749,062 | 3.2 | |||||||||||||||||||||||||||||||||||||||||||||
| Time deposits | 25,353,592 | 25,112,122 | 23,894,775 | 1.0 | 6.1 | 25,233,524 | 23,547,978 | 7.2 | |||||||||||||||||||||||||||||||||||||||||||||
| Total deposits | $ | 68,697,645 | $ | 67,547,634 | $ | 63,677,832 | 1.7% | 7.9% | $ | 68,125,815 | $ | 63,160,581 | 7.9% | ||||||||||||||||||||||||||||||||||||||||
(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 | ||||||||||||||||||||||||||||||||||||||||||||
| June 30, 2026 | March 31, 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 | $ | 3,985,838 | $ | 31,216 | 3.14 | % | $ | 3,865,615 | $ | 29,851 | 3.13 | % | ||||||||||||||||||||||||||||||||
| Resale agreements | 425,000 | 1,624 | 1.53 | % | 425,000 | 1,625 | 1.55 | % | ||||||||||||||||||||||||||||||||||||
| Debt securities: | ||||||||||||||||||||||||||||||||||||||||||||
| AFS | 14,441,915 | 158,285 | 4.40 | % | 13,609,231 | 148,164 | 4.42 | % | ||||||||||||||||||||||||||||||||||||
| HTM | 2,849,553 | 12,044 | 1.70 | % | 2,861,401 | 12,014 | 1.70 | % | ||||||||||||||||||||||||||||||||||||
| Total debt securities | 17,291,468 | 170,329 | 3.95 | % | 16,470,632 | 160,178 | 3.94 | % | ||||||||||||||||||||||||||||||||||||
| Loans: | ||||||||||||||||||||||||||||||||||||||||||||
| C&I | 19,452,052 | 304,621 | 6.28 | % | 18,752,867 | 297,315 | 6.43 | % | ||||||||||||||||||||||||||||||||||||
| CRE | 21,550,542 | 320,535 | 5.97 | % | 21,322,169 | 315,923 | 6.01 | % | ||||||||||||||||||||||||||||||||||||
| Residential mortgage | 17,173,833 | 248,541 | 5.80 | % | 16,928,080 | 244,884 | 5.87 | % | ||||||||||||||||||||||||||||||||||||
| Other consumer | 53,075 | 792 | 5.98 | % | 51,533 | 756 | 5.95 | % | ||||||||||||||||||||||||||||||||||||
Total loans (2) | 58,229,502 | 874,489 | 6.02 | % | 57,054,649 | 858,878 | 6.11 | % | ||||||||||||||||||||||||||||||||||||
| FHLB and FRB stock | 157,737 | 3,165 | 8.05 | % | 151,183 | 4,978 | 13.35 | % | ||||||||||||||||||||||||||||||||||||
| Total interest-earning assets | $ | 80,089,545 | $ | 1,080,823 | 5.41 | % | $ | 77,967,079 | $ | 1,055,510 | 5.49 | % | ||||||||||||||||||||||||||||||||
| Noninterest-earning assets: | ||||||||||||||||||||||||||||||||||||||||||||
| Cash and due from banks | 311,337 | 450,219 | ||||||||||||||||||||||||||||||||||||||||||
Allowance for loan, lease and securities’ losses | (854,564) | (836,828) | ||||||||||||||||||||||||||||||||||||||||||
| Other assets | 3,604,651 | 3,499,788 | ||||||||||||||||||||||||||||||||||||||||||
| Total assets | $ | 83,150,969 | $ | 81,080,258 | ||||||||||||||||||||||||||||||||||||||||
| Liabilities and Stockholders’ Equity | ||||||||||||||||||||||||||||||||||||||||||||
| Interest-bearing liabilities: | ||||||||||||||||||||||||||||||||||||||||||||
| Checking deposits | $ | 7,530,547 | $ | 37,692 | 2.01 | % | $ | 7,652,611 | $ | 39,445 | 2.09 | % | ||||||||||||||||||||||||||||||||
| Money market deposits | 16,545,079 | 108,628 | 2.63 | % | 16,203,527 | 104,878 | 2.62 | % | ||||||||||||||||||||||||||||||||||||
| Savings deposits | 1,905,782 | 4,511 | 0.95 | % | 1,701,913 | 3,010 | 0.72 | % | ||||||||||||||||||||||||||||||||||||
| Time deposits | 25,353,592 | 208,591 | 3.30 | % | 25,112,122 | 208,079 | 3.36 | % | ||||||||||||||||||||||||||||||||||||
Total interest-bearing deposits | 51,335,000 | 359,422 | 2.81 | % | 50,670,173 | 355,412 | 2.84 | % | ||||||||||||||||||||||||||||||||||||
Short-term borrowings and federal funds purchased | 364 | 5 | 5.08 | % | 567 | 4 | 2.84 | % | ||||||||||||||||||||||||||||||||||||
| FHLB advances | 3,041,759 | 29,455 | 3.88 | % | 2,577,223 | 25,004 | 3.93 | % | ||||||||||||||||||||||||||||||||||||
Repurchase agreements | 707,880 | 6,680 | 3.79 | % | 350,075 | 3,290 | 3.81 | % | ||||||||||||||||||||||||||||||||||||
| Long-term debt and finance lease liabilities | 35,480 | 610 | 6.89 | % | 35,566 | 607 | 6.93 | % | ||||||||||||||||||||||||||||||||||||
| Total interest-bearing liabilities | $ | 55,120,483 | $ | 396,172 | 2.88 | % | $ | 53,633,604 | $ | 384,317 | 2.91 | % | ||||||||||||||||||||||||||||||||
| Noninterest-bearing liabilities and stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||
| Demand deposits | 17,362,645 | 16,877,461 | ||||||||||||||||||||||||||||||||||||||||||
| Accrued expenses and other liabilities | 1,553,445 | 1,521,820 | ||||||||||||||||||||||||||||||||||||||||||
| Stockholders’ equity | 9,114,396 | 9,047,373 | ||||||||||||||||||||||||||||||||||||||||||
| Total liabilities and stockholders’ equity | $ | 83,150,969 | $ | 81,080,258 | ||||||||||||||||||||||||||||||||||||||||
Total deposits | $ | 68,697,645 | $ | 359,422 | 2.10 | % | $ | 67,547,634 | $ | 355,412 | 2.13 | % | ||||||||||||||||||||||||||||||||
| Interest rate spread | 2.53 | % | 2.58 | % | ||||||||||||||||||||||||||||||||||||||||
| Net interest income and net interest margin | $ | 684,651 | 3.43 | % | $ | 671,193 | 3.49 | % | ||||||||||||||||||||||||||||||||||||
(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 | |||||||||||||||||||||||||||||||||||||||||
| June 30, 2026 | June 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 | $ | 3,985,838 | $ | 31,216 | 3.14 | % | $ | 3,699,036 | $ | 34,935 | 3.79 | % | |||||||||||||||||||||||||||||
Resale agreements | 425,000 | 1,624 | 1.53 | % | 425,000 | 1,624 | 1.53 | % | |||||||||||||||||||||||||||||||||
| Debt securities: | |||||||||||||||||||||||||||||||||||||||||
| AFS | 14,441,915 | 158,285 | 4.40 | % | 12,435,531 | 141,496 | 4.56 | % | |||||||||||||||||||||||||||||||||
| HTM | 2,849,553 | 12,044 | 1.70 | % | 2,896,410 | 12,292 | 1.70 | % | |||||||||||||||||||||||||||||||||
| Total debt securities | 17,291,468 | 170,329 | 3.95 | % | 15,331,941 | 153,788 | 4.02 | % | |||||||||||||||||||||||||||||||||
| Loans: | |||||||||||||||||||||||||||||||||||||||||
| C&I | 19,452,052 | 304,621 | 6.28 | % | 17,363,095 | 303,791 | 7.02 | % | |||||||||||||||||||||||||||||||||
| CRE | 21,550,542 | 320,535 | 5.97 | % | 20,535,145 | 319,666 | 6.24 | % | |||||||||||||||||||||||||||||||||
| Residential mortgage | 17,173,833 | 248,541 | 5.80 | % | 16,336,054 | 241,666 | 5.93 | % | |||||||||||||||||||||||||||||||||
| Other consumer | 53,075 | 792 | 5.98 | % | 47,138 | 572 | 4.86 | % | |||||||||||||||||||||||||||||||||
Total loans (2) | 58,229,502 | 874,489 | 6.02 | % | 54,281,432 | 865,695 | 6.40 | % | |||||||||||||||||||||||||||||||||
| FHLB and FRB stock | 157,737 | 3,165 | 8.05 | % | 165,716 | 2,957 | 7.16 | % | |||||||||||||||||||||||||||||||||
| Total interest-earning assets | $ | 80,089,545 | $ | 1,080,823 | 5.41 | % | $ | 73,903,125 | $ | 1,058,999 | 5.75 | % | |||||||||||||||||||||||||||||
| Noninterest-earning assets: | |||||||||||||||||||||||||||||||||||||||||
| Cash and due from banks | 311,337 | 350,343 | |||||||||||||||||||||||||||||||||||||||
| Allowance for loan and lease losses | (854,564) | (745,121) | |||||||||||||||||||||||||||||||||||||||
| Other assets | 3,604,651 | 3,353,681 | |||||||||||||||||||||||||||||||||||||||
| Total assets | $ | 83,150,969 | $ | 76,862,028 | |||||||||||||||||||||||||||||||||||||
| Liabilities and Stockholders’ Equity | |||||||||||||||||||||||||||||||||||||||||
| Interest-bearing liabilities: | |||||||||||||||||||||||||||||||||||||||||
| Checking deposits | $ | 7,530,547 | $ | 37,692 | 2.01 | % | $ | 7,597,103 | $ | 47,013 | 2.48 | % | |||||||||||||||||||||||||||||
| Money market deposits | 16,545,079 | 108,628 | 2.63 | % | 15,325,928 | 124,282 | 3.25 | % | |||||||||||||||||||||||||||||||||
| Savings deposits | 1,905,782 | 4,511 | 0.95 | % | 1,745,220 | 3,700 | 0.85 | % | |||||||||||||||||||||||||||||||||
| Time deposits | 25,353,592 | 208,591 | 3.30 | % | 23,894,775 | 225,593 | 3.79 | % | |||||||||||||||||||||||||||||||||
Total interest-bearing deposits | 51,335,000 | 359,422 | 2.81 | % | 48,563,026 | 400,588 | 3.31 | % | |||||||||||||||||||||||||||||||||
| Short-term borrowings and federal funds purchased | 364 | 5 | 5.08 | % | 659 | 1 | 0.66 | % | |||||||||||||||||||||||||||||||||
| FHLB advances | 3,041,759 | 29,455 | 3.88 | % | 3,500,003 | 39,313 | 4.51 | % | |||||||||||||||||||||||||||||||||
| Repurchase agreements | 707,880 | 6,680 | 3.79 | % | 119,061 | 1,352 | 4.55 | % | |||||||||||||||||||||||||||||||||
| Long-term debt and finance lease liabilities | 35,480 | 610 | 6.89 | % | 35,811 | 671 | 7.52 | % | |||||||||||||||||||||||||||||||||
| Total interest-bearing liabilities | $ | 55,120,483 | $ | 396,172 | 2.88 | % | $ | 52,218,560 | $ | 441,925 | 3.39 | % | |||||||||||||||||||||||||||||
| Noninterest-bearing liabilities and stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||
| Demand deposits | 17,362,645 | 15,114,806 | |||||||||||||||||||||||||||||||||||||||
| Accrued expenses and other liabilities | 1,553,445 | 1,458,680 | |||||||||||||||||||||||||||||||||||||||
| Stockholders’ equity | 9,114,396 | 8,069,982 | |||||||||||||||||||||||||||||||||||||||
| Total liabilities and stockholders’ equity | $ | 83,150,969 | $ | 76,862,028 | |||||||||||||||||||||||||||||||||||||
Total deposits | $ | 68,697,645 | $ | 359,422 | 2.10 | % | $ | 63,677,832 | $ | 400,588 | 2.52 | % | |||||||||||||||||||||||||||||
| Interest rate spread | 2.53 | % | 2.36 | % | |||||||||||||||||||||||||||||||||||||
| Net interest income and net interest margin | $ | 684,651 | 3.43 | % | $ | 617,074 | 3.35 | % | |||||||||||||||||||||||||||||||||
(1)Annualized.
(2)Includes loans HFS.
12
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||||||||||
| YEAR-TO-DATE AVERAGE BALANCES, YIELDS AND RATES | |||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | |||||||||||||||||||||||||||||||||||||||||
| (unaudited) | |||||||||||||||||||||||||||||||||||||||||
| Table 8 | |||||||||||||||||||||||||||||||||||||||||
| Six Months Ended | |||||||||||||||||||||||||||||||||||||||||
| June 30, 2026 | June 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 | $ | 3,926,059 | $ | 61,067 | 3.14 | % | $ | 3,906,499 | $ | 74,072 | 3.82 | % | |||||||||||||||||||||||||||||
Resale agreements | 425,000 | 3,249 | 1.54 | % | 425,000 | 3,234 | 1.53 | % | |||||||||||||||||||||||||||||||||
| Debt securities: | |||||||||||||||||||||||||||||||||||||||||
| AFS | 14,027,873 | 306,449 | 4.41 | % | 12,102,837 | 277,015 | 4.62 | % | |||||||||||||||||||||||||||||||||
| HTM | 2,855,444 | 24,058 | 1.70 | % | 2,902,373 | 24,557 | 1.71 | % | |||||||||||||||||||||||||||||||||
| Total debt securities | 16,883,317 | 330,507 | 3.95 | % | 15,005,210 | 301,572 | 4.05 | % | |||||||||||||||||||||||||||||||||
| Loans: | |||||||||||||||||||||||||||||||||||||||||
| C&I | 19,104,391 | 601,936 | 6.35 | % | 17,115,622 | 597,205 | 7.04 | % | |||||||||||||||||||||||||||||||||
| CRE | 21,436,986 | 636,458 | 5.99 | % | 20,454,528 | 631,052 | 6.22 | % | |||||||||||||||||||||||||||||||||
| Residential mortgage | 17,051,635 | 493,425 | 5.84 | % | 16,193,678 | 476,557 | 5.93 | % | |||||||||||||||||||||||||||||||||
| Other consumer | 52,309 | 1,548 | 5.97 | % | 48,351 | 1,293 | 5.39 | % | |||||||||||||||||||||||||||||||||
Total loans (2) | 57,645,321 | 1,733,367 | 6.06 | % | 53,812,179 | 1,706,107 | 6.39 | % | |||||||||||||||||||||||||||||||||
| FHLB and FRB stock | 154,478 | 8,143 | 10.63 | % | 165,540 | 5,816 | 7.08 | % | |||||||||||||||||||||||||||||||||
| Total interest-earning assets | $ | 79,034,175 | $ | 2,136,333 | 5.45 | % | $ | 73,314,428 | $ | 2,090,801 | 5.75 | % | |||||||||||||||||||||||||||||
| Noninterest-earning assets: | |||||||||||||||||||||||||||||||||||||||||
| Cash and due from banks | 380,395 | 347,797 | |||||||||||||||||||||||||||||||||||||||
Allowance for loan, lease and securities’ losses | (845,745) | (730,768) | |||||||||||||||||||||||||||||||||||||||
| Other assets | 3,552,509 | 3,315,450 | |||||||||||||||||||||||||||||||||||||||
| Total assets | $ | 82,121,334 | $ | 76,246,907 | |||||||||||||||||||||||||||||||||||||
| Liabilities and Stockholders’ Equity | |||||||||||||||||||||||||||||||||||||||||
| Interest-bearing liabilities: | |||||||||||||||||||||||||||||||||||||||||
| Checking deposits | $ | 7,591,242 | $ | 77,137 | 2.05 | % | $ | 7,672,963 | $ | 94,924 | 2.49 | % | |||||||||||||||||||||||||||||
| Money market deposits | 16,375,246 | 213,506 | 2.63 | % | 15,081,131 | 240,300 | 3.21 | % | |||||||||||||||||||||||||||||||||
| Savings deposits | 1,804,410 | 7,521 | 0.84 | % | 1,749,062 | 7,147 | 0.82 | % | |||||||||||||||||||||||||||||||||
| Time deposits | 25,233,524 | 416,670 | 3.33 | % | 23,547,978 | 450,198 | 3.86 | % | |||||||||||||||||||||||||||||||||
Total interest-bearing deposits | 51,004,422 | 714,834 | 2.83 | % | 48,051,134 | 792,569 | 3.33 | % | |||||||||||||||||||||||||||||||||
| Short-term borrowings and federal funds purchased | 465 | 9 | 3.73 | % | 544 | 7 | 2.56 | % | |||||||||||||||||||||||||||||||||
| FHLB advances | 2,810,775 | 54,459 | 3.91 | % | 3,500,002 | 78,179 | 4.50 | % | |||||||||||||||||||||||||||||||||
| Repurchase agreements | 529,966 | 9,970 | 3.79 | % | 63,183 | 1,429 | 4.56 | % | |||||||||||||||||||||||||||||||||
| Long-term debt and finance lease liabilities | 35,523 | 1,217 | 6.91 | % | 35,864 | 1,342 | 7.55 | % | |||||||||||||||||||||||||||||||||
| Total interest-bearing liabilities | $ | 54,381,151 | $ | 780,489 | 2.89 | % | $ | 51,650,727 | $ | 873,526 | 3.41 | % | |||||||||||||||||||||||||||||
| Noninterest-bearing liabilities and stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||
| Demand deposits | 17,121,393 | 15,109,447 | |||||||||||||||||||||||||||||||||||||||
| Accrued expenses and other liabilities | 1,537,720 | 1,516,650 | |||||||||||||||||||||||||||||||||||||||
| Stockholders’ equity | 9,081,070 | 7,970,083 | |||||||||||||||||||||||||||||||||||||||
| Total liabilities and stockholders’ equity | $ | 82,121,334 | $ | 76,246,907 | |||||||||||||||||||||||||||||||||||||
Total deposits | $ | 68,125,815 | $ | 714,834 | 2.12 | % | $ | 63,160,581 | $ | 792,569 | 2.53 | % | |||||||||||||||||||||||||||||
| Interest rate spread | 2.56 | % | 2.34 | % | |||||||||||||||||||||||||||||||||||||
| Net interest income and net interest margin | $ | 1,355,844 | 3.46 | % | $ | 1,217,275 | 3.35 | % | |||||||||||||||||||||||||||||||||
(1)Annualized.
(2)Includes loans HFS.
13
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||||||||||||||
| SELECTED RATIOS | ||||||||||||||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||||||||||||||
| Table 9 | ||||||||||||||||||||||||||||||||||||||
Three Months Ended (1) | June 30, 2026 Basis Point Change | |||||||||||||||||||||||||||||||||||||
| June 30, 2026 | March 31, 2026 | June 30, 2025 | Qtr-o-Qtr | Yr-o-Yr | ||||||||||||||||||||||||||||||||||
| Return on average assets | 1.75 | % | 1.79 | % | 1.62 | % | (4) | bps | 13 | bps | ||||||||||||||||||||||||||||
Adjusted return on average assets (2) | 1.75 | % | 1.79 | % | 1.65 | % | (4) | 10 | ||||||||||||||||||||||||||||||
| Return on average common equity | 16.01 | % | 16.04 | % | 15.42 | % | (3) | 59 | ||||||||||||||||||||||||||||||
Adjusted return on average common equity (2) | 16.01 | % | 16.01 | % | 15.71 | % | — | 30 | ||||||||||||||||||||||||||||||
Return on average TCE (3) | 16.88 | % | 16.92 | % | 16.39 | % | (4) | 49 | ||||||||||||||||||||||||||||||
Adjusted return on average TCE (3) | 16.88 | % | 16.89 | % | 16.69 | % | (1) | 19 | ||||||||||||||||||||||||||||||
| Interest rate spread | 2.53 | % | 2.58 | % | 2.36 | % | (5) | 17 | ||||||||||||||||||||||||||||||
| Net interest margin | 3.43 | % | 3.49 | % | 3.35 | % | (6) | 8 | ||||||||||||||||||||||||||||||
| Average loan yield | 6.02 | % | 6.11 | % | 6.40 | % | (9) | (38) | ||||||||||||||||||||||||||||||
| Yield on average interest-earning assets | 5.41 | % | 5.49 | % | 5.75 | % | (8) | (34) | ||||||||||||||||||||||||||||||
| Average cost of interest-bearing deposits | 2.81 | % | 2.84 | % | 3.31 | % | (3) | (50) | ||||||||||||||||||||||||||||||
| Average cost of deposits | 2.10 | % | 2.13 | % | 2.52 | % | (3) | (42) | ||||||||||||||||||||||||||||||
| Average cost of funds | 2.19 | % | 2.21 | % | 2.63 | % | (2) | (44) | ||||||||||||||||||||||||||||||
| Operating noninterest expense/average assets | 1.29 | % | 1.29 | % | 1.20 | % | — | 9 | ||||||||||||||||||||||||||||||
| Efficiency ratio | 36.73 | % | 36.23 | % | 36.41 | % | 50 | 32 | ||||||||||||||||||||||||||||||
Adjusted efficiency ratio (4) | 36.73 | % | 36.36 | % | 36.52 | % | 37 | 21 | ||||||||||||||||||||||||||||||
Efficiency ratio (fully taxable equivalent) (“FTE”) (4) | 36.68 | % | 36.17 | % | 36.32 | % | 51 | 36 | ||||||||||||||||||||||||||||||
Adjusted efficiency ratio (FTE) (4) | 36.68 | % | 36.30 | % | 36.44 | % | 38 | 24 | ||||||||||||||||||||||||||||||
| Effective tax rate | 22.21 | % | 21.78 | % | 22.87 | % | 43 | (66) | ||||||||||||||||||||||||||||||
Adjusted effective tax rate (2) | 22.21 | % | 21.78 | % | 21.28 | % | 43 | bps | 93 | bps | ||||||||||||||||||||||||||||
Six Months Ended (1) | June 30, 2026 Basis Point Change | |||||||||||||||||||||||||||||||||||||
| June 30, 2026 | June 30, 2025 | Yr-o-Yr | ||||||||||||||||||||||||||||||||||||
| Return on average assets | 1.77 | % | 1.59 | % | 18 | bps | ||||||||||||||||||||||||||||||||
Adjusted return on average assets (2) | 1.77 | % | 1.61 | % | 16 | |||||||||||||||||||||||||||||||||
| Return on average common equity | 16.02 | % | 15.19 | % | 83 | |||||||||||||||||||||||||||||||||
Adjusted return on average common equity (2) | 16.01 | % | 15.36 | % | 65 | |||||||||||||||||||||||||||||||||
Return on average TCE (3) | 16.90 | % | 16.16 | % | 74 | |||||||||||||||||||||||||||||||||
Adjusted return on average TCE (3) | 16.89 | % | 16.33 | % | 56 | |||||||||||||||||||||||||||||||||
| Interest rate spread | 2.56 | % | 2.34 | % | 22 | |||||||||||||||||||||||||||||||||
| Net interest margin | 3.46 | % | 3.35 | % | 11 | |||||||||||||||||||||||||||||||||
| Average loan yield | 6.06 | % | 6.39 | % | (33) | |||||||||||||||||||||||||||||||||
| Yield on average interest-earning assets | 5.45 | % | 5.75 | % | (30) | |||||||||||||||||||||||||||||||||
| Average cost of interest-bearing deposits | 2.83 | % | 3.33 | % | (50) | |||||||||||||||||||||||||||||||||
| Average cost of deposits | 2.12 | % | 2.53 | % | (41) | |||||||||||||||||||||||||||||||||
| Average cost of funds | 2.20 | % | 2.64 | % | (44) | |||||||||||||||||||||||||||||||||
| Operating noninterest expense/average assets | 1.29 | % | 1.23 | % | 6 | |||||||||||||||||||||||||||||||||
| Efficiency ratio | 36.48 | % | 36.41 | % | 7 | |||||||||||||||||||||||||||||||||
Adjusted efficiency ratio (4) | 36.55 | % | 36.41 | % | 14 | |||||||||||||||||||||||||||||||||
Efficiency ratio (FTE) (4) | 36.43 | % | 36.34 | % | 9 | |||||||||||||||||||||||||||||||||
Adjusted efficiency ratio (FTE) (4) | 36.49 | % | 36.34 | % | 15 | |||||||||||||||||||||||||||||||||
| Effective tax rate | 22.00 | % | 24.31 | % | (231) | |||||||||||||||||||||||||||||||||
Adjusted effective tax rate (2) | 22.00 | % | 23.50 | % | (150) | bps | ||||||||||||||||||||||||||||||||
(1)Annualized except for efficiency ratio and effective tax rate.
(2)Adjusted return on average assets, adjusted return on average common equity and adjusted effective tax rate are non-GAAP financial measures. See reconciliation of GAAP to non-GAAP financial measures in Table 12.
(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 14.
(4)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 13.
14
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||||||||||||||||||||||
ALLOWANCE FOR CREDIT LOSSES | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| (unaudited) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Table 10 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended June 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commercial | Consumer | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| CRE | Residential Mortgage | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | C&I | CRE | Multifamily Residential | Construction and Land | SFR | HELOCs | 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 March 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commercial | Consumer | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| CRE | Residential Mortgage | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | C&I | CRE | Multifamily Residential | Construction and Land | SFR | HELOCs | 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 (reversal of) credit losses on loans | (a) | 17,892 | 11,160 | 2,880 | 2,593 | 3,519 | 92 | (262) | 37,874 | ||||||||||||||||||||||||||||||||||||||||||||
| Gross charge-offs | (18,385) | (1,305) | — | (893) | (121) | — | (75) | (20,779) | |||||||||||||||||||||||||||||||||||||||||||||
| Gross recoveries | 7,918 | 453 | 11 | 2 | 22 | 3 | 251 | 8,660 | |||||||||||||||||||||||||||||||||||||||||||||
| Total net (charge-offs) recoveries | (10,467) | (852) | 11 | (891) | (99) | 3 | 176 | (12,119) | |||||||||||||||||||||||||||||||||||||||||||||
| Foreign currency translation adjustment | 346 | — | — | — | — | — | — | 346 | |||||||||||||||||||||||||||||||||||||||||||||
ALLL, March 31, 2026 | $ | 483,384 | $ | 231,802 | $ | 39,446 | $ | 17,170 | $ | 56,883 | $ | 5,899 | $ | 1,290 | $ | 835,874 | |||||||||||||||||||||||||||||||||||||
| Three Months Ended June 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commercial | Consumer | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| CRE | Residential Mortgage | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | C&I | CRE | Multifamily Residential | Construction and Land | SFR | HELOCs | Other Consumer | Total | |||||||||||||||||||||||||||||||||||||||||||||
ALLL, March 31, 2025 | $ | 421,288 | $ | 212,899 | $ | 32,324 | $ | 15,199 | $ | 46,929 | $ | 4,879 | $ | 1,338 | $ | 734,856 | |||||||||||||||||||||||||||||||||||||
| Provision for (reversal of) credit losses on loans | (a) | 27,595 | 8,007 | (3,274) | 2,654 | 5,064 | 369 | (259) | 40,156 | ||||||||||||||||||||||||||||||||||||||||||||
| Gross charge-offs | (8,151) | (8,306) | (3) | — | — | — | (4) | (16,464) | |||||||||||||||||||||||||||||||||||||||||||||
| Gross recoveries | 1,504 | 18 | 26 | 3 | 4 | 8 | 250 | 1,813 | |||||||||||||||||||||||||||||||||||||||||||||
| Total net (charge-offs) recoveries | (6,647) | (8,288) | 23 | 3 | 4 | 8 | 246 | (14,651) | |||||||||||||||||||||||||||||||||||||||||||||
| Foreign currency translation adjustment | 55 | — | — | — | — | — | — | 55 | |||||||||||||||||||||||||||||||||||||||||||||
ALLL, June 30, 2025 | $ | 442,291 | $ | 212,618 | $ | 29,073 | $ | 17,856 | $ | 51,997 | $ | 5,256 | $ | 1,325 | $ | 760,416 | |||||||||||||||||||||||||||||||||||||
15
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ALLOWANCE FOR CREDIT LOSSES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Table 10 (continued) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Six Months Ended June 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commercial | Consumer | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CRE | Residential Mortgage | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | C&I | CRE | Multifamily Residential | Construction and Land | SFR | HELOCs | 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 (reversal of) credit losses on loans | (a) | 36,820 | 16,305 | 3,762 | 5,392 | 7,792 | 762 | (35) | 70,798 | |||||||||||||||||||||||||||||||||||||||||||||||
| Gross charge-offs | (40,345) | (8,153) | — | (894) | (152) | (11) | (93) | (49,648) | ||||||||||||||||||||||||||||||||||||||||||||||||
| Gross recoveries | 8,312 | 1,705 | 23 | 2 | 145 | 5 | 254 | 10,446 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Total net (charge-offs) recoveries | (32,033) | (6,448) | 23 | (892) | (7) | (6) | 161 | (39,202) | ||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign currency translation adjustment | 687 | — | — | — | — | — | — | 687 | ||||||||||||||||||||||||||||||||||||||||||||||||
ALLL, June 30, 2026 | $ | 481,087 | $ | 231,351 | $ | 40,340 | $ | 19,968 | $ | 61,248 | $ | 6,560 | $ | 1,502 | $ | 842,056 | ||||||||||||||||||||||||||||||||||||||||
| Six Months Ended June 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commercial | Consumer | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CRE | Residential Mortgage | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | C&I | CRE | Multifamily Residential | Construction and Land | SFR | HELOCs | Other Consumer | Total | ||||||||||||||||||||||||||||||||||||||||||||||||
ALLL, December 31, 2024 | $ | 384,319 | 218,677 | 32,117 | 17,497 | 44,816 | 3,132 | $ | 1,494 | $ | 702,052 | |||||||||||||||||||||||||||||||||||||||||||||
| Provision for (reversal of) credit losses on loans | (a) | 63,965 | 16,112 | (3,073) | 2,349 | 7,136 | 2,108 | (379) | 88,218 | |||||||||||||||||||||||||||||||||||||||||||||||
| Gross charge-offs | (9,139) | (22,243) | (7) | (1,996) | (9) | — | (53) | (33,447) | ||||||||||||||||||||||||||||||||||||||||||||||||
| Gross recoveries | 3,068 | 72 | 36 | 6 | 54 | 16 | 263 | 3,515 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Total net (charge-offs) recoveries | (6,071) | (22,171) | 29 | (1,990) | 45 | 16 | 210 | (29,932) | ||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign currency translation adjustment | 78 | — | — | — | — | — | — | 78 | ||||||||||||||||||||||||||||||||||||||||||||||||
ALLL, June 30, 2025 | $ | 442,291 | $ | 212,618 | $ | 29,073 | $ | 17,856 | $ | 51,997 | $ | 5,256 | $ | 1,325 | $ | 760,416 | ||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||
| ($ in thousands) | June 30, 2026 | March 31, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | ||||||||||||||||||||||||||||||
| Unfunded Credit Facilities | |||||||||||||||||||||||||||||||||||
Allowance for unfunded credit commitments, beginning of period (1) | $ | 47,005 | $ | 48,690 | $ | 40,464 | $ | 48,690 | $ | 39,526 | |||||||||||||||||||||||||
| Provision for (reversal of) credit losses on unfunded credit commitments | (b) | 76 | (1,682) | 4,844 | (1,606) | 5,782 | |||||||||||||||||||||||||||||
| Foreign currency translation adjustment | (4) | (3) | (1) | (7) | (1) | ||||||||||||||||||||||||||||||
Allowance for unfunded credit commitments, end of period (1) | $ | 47,077 | $ | 47,005 | $ | 45,307 | $ | 47,077 | $ | 45,307 | |||||||||||||||||||||||||
Provision for credit losses: | |||||||||||||||||||||||||||||||||||
Provision for credit losses on loans and unfunded credit commitments | (a)+(b) | $ | 33,000 | $ | 36,192 | $ | 45,000 | $ | 69,192 | $ | 94,000 | ||||||||||||||||||||||||
| Reversal of credit losses on AFS debt securities | (c) | — | (192) | — | (192) | — | |||||||||||||||||||||||||||||
Total provision for credit losses | (a)+(b)+(c) | $ | 33,000 | $ | 36,000 | $ | 45,000 | $ | 69,000 | $ | 94,000 | ||||||||||||||||||||||||
(1)Included in Accrued expenses and other liabilities on the Condensed Consolidated Balance Sheet.
16
| 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 | June 30, 2026 | March 31, 2026 | June 30, 2025 | ||||||||||||||||||||
| Special mention loans | $ | 433,342 | $ | 316,230 | $ | 446,665 | |||||||||||||||||
| Classified loans | 854,382 | 913,386 | 736,228 | ||||||||||||||||||||
Total criticized loans (1) | $ | 1,287,724 | $ | 1,229,616 | $ | 1,182,893 | |||||||||||||||||
(1)Excludes loans HFS.
Nonperforming Assets | June 30, 2026 | March 31, 2026 | June 30, 2025 | ||||||||||||||||||||
| Nonaccrual loans: | |||||||||||||||||||||||
| Commercial: | |||||||||||||||||||||||
| C&I | $ | 48,692 | $ | 61,063 | $ | 71,894 | |||||||||||||||||
| Total CRE | 89,122 | 56,104 | 9,420 | ||||||||||||||||||||
| Consumer: | |||||||||||||||||||||||
| Total residential mortgage | 67,082 | 63,452 | 58,003 | ||||||||||||||||||||
| Other consumer | 62 | 29 | 137 | ||||||||||||||||||||
| Total nonaccrual loans | 204,958 | 180,648 | 139,454 | ||||||||||||||||||||
OREO, net | 24,576 | 14,917 | 32,224 | ||||||||||||||||||||
| Nonperforming loans HFS | 17,425 | 20,759 | — | ||||||||||||||||||||
| Total nonperforming assets | $ | 246,959 | $ | 216,324 | $ | 171,678 | |||||||||||||||||
| Credit Quality Ratios | June 30, 2026 | March 31, 2026 | June 30, 2025 | ||||||||||||||||||||
| Annualized quarterly net charge-offs to average loans HFI | 0.19 | % | 0.09 | % | 0.11 | % | |||||||||||||||||
| Annualized YTD net charge-offs to YTD average loans HFI | 0.14 | % | 0.09 | % | 0.11 | % | |||||||||||||||||
| Special mention loans to loans HFI | 0.73 | % | 0.54 | % | 0.81 | % | |||||||||||||||||
| Classified loans to loans HFI | 1.45 | % | 1.57 | % | 1.34 | % | |||||||||||||||||
| Criticized loans to loans HFI | 2.18 | % | 2.12 | % | 2.15 | % | |||||||||||||||||
| Nonperforming assets to total assets | 0.29 | % | 0.26 | % | 0.22 | % | |||||||||||||||||
| Nonaccrual loans to loans HFI | 0.35 | % | 0.31 | % | 0.25 | % | |||||||||||||||||
ALLL to loans HFI | 1.43 | % | 1.44 | % | 1.38 | % | |||||||||||||||||
Composition of ALLL by Portfolio | June 30, 2026 | March 31, 2026 | June 30, 2025 | ||||||||||||||||||||||||||||||||||||||
| Loan Category | ALLL | ALLL/ Loans HFI | ALLL | ALLL/ Loans HFI | ALLL | ALLL/ Loans HFI | |||||||||||||||||||||||||||||||||||
| C&I | $ | 481,087 | 2.42 | % | $ | 483,384 | 2.47 | % | $ | 442,291 | 2.48 | % | |||||||||||||||||||||||||||||
| Total CRE | 291,659 | 1.35 | 288,418 | 1.35 | 259,547 | 1.26 | |||||||||||||||||||||||||||||||||||
| Multifamily | 40,340 | 0.77 | 39,446 | 0.77 | 29,073 | 0.58 | |||||||||||||||||||||||||||||||||||
| Office | 65,489 | 2.85 | 65,546 | 2.87 | 60,354 | 2.78 | |||||||||||||||||||||||||||||||||||
| All other CRE | 185,830 | 1.32 | 183,426 | 1.31 | 170,120 | 1.26 | |||||||||||||||||||||||||||||||||||
| Total residential mortgage | 67,808 | 0.39 | 62,782 | 0.37 | 57,253 | 0.35 | |||||||||||||||||||||||||||||||||||
| Other consumer | 1,502 | 2.65 | 1,290 | 2.48 | 1,325 | 2.65 | |||||||||||||||||||||||||||||||||||
| Total loans | $ | 842,056 | 1.43 | % | $ | 835,874 | 1.44 | % | $ | 760,416 | 1.38 | % | |||||||||||||||||||||||||||||
17
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||||||||||||||
| GAAP TO NON-GAAP RECONCILIATION | ||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||||||||||||||
| Table 12 | ||||||||||||||||||||||||||||||||||||||
| On June 30, 2025, the California single sales factor apportionment method (“CA SSF”) was approved for financial institutions in 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 | Six Months Ended | |||||||||||||||||||||||||||||||||||||
| June 30, 2026 | March 31, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | ||||||||||||||||||||||||||||||||||
| Income tax expense | (a) | $ | 103,821 | $ | 99,639 | $ | 91,979 | $ | 203,460 | $ | 192,864 | |||||||||||||||||||||||||||
| Less: Impact of the CA SSF | (b) | — | — | (6,391) | — | (6,391) | ||||||||||||||||||||||||||||||||
| Adjusted income tax expense | (c)=(a)+(b) | $ | 103,821 | $ | 99,639 | $ | 85,588 | $ | 203,460 | $ | 186,473 | |||||||||||||||||||||||||||
| Income before income taxes | (d) | 467,521 | 457,435 | 402,232 | 924,956 | 793,387 | ||||||||||||||||||||||||||||||||
| Effective tax rate | (a)/(d) | 22.21 | % | 21.78 | % | 22.87 | % | 22.00 | % | 24.31 | % | |||||||||||||||||||||||||||
| Less: Impact of the CA SSF | (b)/(d) | — | % | — | % | (1.59) | % | — | % | (0.81) | % | |||||||||||||||||||||||||||
| Adjusted effective tax rate | (c)/(d) | 22.21 | % | 21.78 | % | 21.28 | % | 22.00 | % | 23.50 | % | |||||||||||||||||||||||||||
Adjusted net income and adjusted diluted EPS represent net income and diluted EPS adjusted for the tax-effected impacts of the FDIC special assessment reversals 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. •FDIC special assessment reversals are included in Deposit insurance premiums and regulatory assessments on the Condensed Consolidated Statement of Income. •During the second quarter of 2025, the Company recorded $6 million of additional income tax expense due to the impact of the CA SSF. | ||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||||||||||||||||||||||||
| June 30, 2026 | March 31, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | ||||||||||||||||||||||||||||||||||
| Net income | (a) | $ | 363,700 | $ | 357,796 | $ | 310,253 | $ | 721,496 | $ | 600,523 | |||||||||||||||||||||||||||
| Less: FDIC special assessment reversals | (b) | — | (1,015) | (833) | (1,015) | — | ||||||||||||||||||||||||||||||||
Tax effects of adjustments (1) | (b) | — | 284 | 235 | 284 | — | ||||||||||||||||||||||||||||||||
| Add: Impact of the CA SSF | (b) | — | — | 6,391 | — | 6,391 | ||||||||||||||||||||||||||||||||
| Adjusted net income | (c)=(a)+∑(b) | $ | 363,700 | $ | 357,065 | $ | 316,046 | $ | 720,765 | $ | 606,914 | |||||||||||||||||||||||||||
| Diluted weighted-average number of shares outstanding | (d) | 138,301 | 138,919 | 138,789 | 138,568 | 139,058 | ||||||||||||||||||||||||||||||||
| Diluted EPS | (e) | $ | 2.63 | $ | 2.57 | $ | 2.24 | $ | 5.21 | $ | 4.32 | |||||||||||||||||||||||||||
| Less: FDIC special assessment reversals | (f) | — | — | (0.01) | (0.01) | — | ||||||||||||||||||||||||||||||||
Tax effects of adjustments (1) | (f) | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Add: Impact of the CA SSF | (f) | — | — | 0.05 | — | 0.05 | ||||||||||||||||||||||||||||||||
| Adjusted diluted EPS | (g)=(e)+∑(f) | $ | 2.63 | $ | 2.57 | $ | 2.28 | $ | 5.20 | $ | 4.37 | |||||||||||||||||||||||||||
| Average total assets | (h) | $ | 83,150,969 | $ | 81,080,258 | $ | 76,862,028 | $ | 82,121,334 | $ | 76,246,907 | |||||||||||||||||||||||||||
| Average stockholders’ equity | (i) | $ | 9,114,396 | $ | 9,047,373 | $ | 8,069,982 | $ | 9,081,070 | $ | 7,970,083 | |||||||||||||||||||||||||||
Return on average assets (2) | (a)/(h) | 1.75 | % | 1.79 | % | 1.62 | % | 1.77 | % | 1.59 | % | |||||||||||||||||||||||||||
Adjusted return on average assets (2) | (c)/(h) | 1.75 | % | 1.79 | % | 1.65 | % | 1.77 | % | 1.61 | % | |||||||||||||||||||||||||||
Return on average common equity (2) | (a)/(i) | 16.01 | % | 16.04 | % | 15.42 | % | 16.02 | % | 15.19 | % | |||||||||||||||||||||||||||
Adjusted return on average common equity (2) | (c)/(i) | 16.01 | % | 16.01 | % | 15.71 | % | 16.01 | % | 15.36 | % | |||||||||||||||||||||||||||
(1)Applied statutory tax rate of 28.02% for the three and six months ended June 30, 2026, and the three months ended March 31, 2026. Applied statutory tax rate of 28.18% for the three and six months ended June 30, 2025.
(2)Annualized.
18
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||||||||||||||
| GAAP TO NON-GAAP RECONCILIATION | ||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||||||||||||||
| Table 13 | ||||||||||||||||||||||||||||||||||||||
| 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 noninterest expense reflects the FDIC special assessment. 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 | Six Months Ended | |||||||||||||||||||||||||||||||||||||
| June 30, 2026 | March 31, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | ||||||||||||||||||||||||||||||||||
| Net interest income before provision for credit losses | (a) | $ | 684,651 | $ | 671,193 | $ | 617,074 | $ | 1,355,844 | $ | 1,217,275 | |||||||||||||||||||||||||||
| FTE adjustment | (b) | 1,196 | 1,250 | 1,603 | 2,446 | 2,749 | ||||||||||||||||||||||||||||||||
| FTE net interest income before provision for credit losses | (c)=(a)+(b) | 685,847 | 672,443 | 618,677 | 1,358,290 | 1,220,024 | ||||||||||||||||||||||||||||||||
| Total noninterest income | (d) | 106,492 | 102,556 | 86,178 | 209,048 | 178,280 | ||||||||||||||||||||||||||||||||
| Total revenue | (e)=(a)+(d) | 791,143 | 773,749 | 703,252 | 1,564,892 | 1,395,555 | ||||||||||||||||||||||||||||||||
| Total revenue (FTE) | (f)=(c)+(d) | $ | 792,339 | $ | 774,999 | $ | 704,855 | $ | 1,567,338 | $ | 1,398,304 | |||||||||||||||||||||||||||
| Total noninterest expense | (g) | $ | 290,622 | $ | 280,314 | $ | 256,020 | $ | 570,936 | $ | 508,168 | |||||||||||||||||||||||||||
| Add: FDIC special assessment reversals | (h) | — | 1,015 | 833 | 1,015 | — | ||||||||||||||||||||||||||||||||
| Adjusted noninterest expense | (i)=(g)+(h) | $ | 290,622 | $ | 281,329 | $ | 256,853 | $ | 571,951 | $ | 508,168 | |||||||||||||||||||||||||||
| Efficiency ratio | (g)/(e) | 36.73 | % | 36.23 | % | 36.41 | % | 36.48 | % | 36.41 | % | |||||||||||||||||||||||||||
| Adjusted efficiency ratio | (i)/(e) | 36.73 | % | 36.36 | % | 36.52 | % | 36.55 | % | 36.41 | % | |||||||||||||||||||||||||||
| Efficiency ratio (FTE) | (g)/(f) | 36.68 | % | 36.17 | % | 36.32 | % | 36.43 | % | 36.34 | % | |||||||||||||||||||||||||||
| Adjusted efficiency ratio (FTE) | (i)/(f) | 36.68 | % | 36.30 | % | 36.44 | % | 36.49 | % | 36.34 | % | |||||||||||||||||||||||||||
| Pre-tax, pre-provision income (“PTPP”) | (e)-(g) | $ | 500,521 | $ | 493,435 | $ | 447,232 | $ | 993,956 | $ | 887,387 | |||||||||||||||||||||||||||
| PTPP (FTE) | (f)-(g) | $ | 501,717 | $ | 494,685 | $ | 448,835 | $ | 996,402 | $ | 890,136 | |||||||||||||||||||||||||||
| Adjusted PTPP (FTE) | (f)-(i) | $ | 501,717 | $ | 493,670 | $ | 448,002 | $ | 995,387 | $ | 890,136 | |||||||||||||||||||||||||||
19
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||
| GAAP TO NON-GAAP RECONCILIATION | ||||||||||||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||
| Table 14 | ||||||||||||||||||||||||||
| 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. | ||||||||||||||||||||||||||
| June 30, 2026 | March 31, 2026 | June 30, 2025 | ||||||||||||||||||||||||
| Common stock | $ | 171 | $ | 171 | $ | 170 | ||||||||||||||||||||
| Additional paid-in capital | 2,151,229 | 2,131,219 | 2,060,115 | |||||||||||||||||||||||
| Retained earnings | 8,800,428 | 8,547,820 | 7,744,221 | |||||||||||||||||||||||
| Treasury stock | (1,292,113) | (1,291,555) | (1,140,359) | |||||||||||||||||||||||
| Accumulated other comprehensive income: | ||||||||||||||||||||||||||
| AFS debt securities net unrealized losses | (396,324) | (383,753) | (466,568) | |||||||||||||||||||||||
| Cash flow hedges net unrealized (losses) gains | (4,637) | 12,034 | 28,622 | |||||||||||||||||||||||
| Foreign currency translation adjustments | (12,825) | (16,501) | (24,434) | |||||||||||||||||||||||
| Total accumulated other comprehensive loss | (413,786) | (388,220) | (462,380) | |||||||||||||||||||||||
| Stockholders’ equity | (a) | $ | 9,245,929 | $ | 8,999,435 | $ | 8,201,767 | |||||||||||||||||||
| Less: Goodwill | (465,697) | (465,697) | (465,697) | |||||||||||||||||||||||
| Mortgage servicing assets | (3,736) | (3,978) | (4,628) | |||||||||||||||||||||||
| Tangible book value | (b) | $ | 8,776,496 | $ | 8,529,760 | $ | 7,731,442 | |||||||||||||||||||
| Number of common shares at period-end | (c) | 137,011 | 136,979 | 137,816 | ||||||||||||||||||||||
| Book value per share | (a)/(c) | $ | 67.48 | $ | 65.70 | $ | 59.51 | |||||||||||||||||||
| Tangible book value per share | (b)/(c) | $ | 64.06 | $ | 62.27 | $ | 56.10 | |||||||||||||||||||
| Total assets | (d) | $ | 84,763,472 | $ | 82,886,152 | $ | 78,158,067 | |||||||||||||||||||
| Less: Goodwill | (465,697) | (465,697) | (465,697) | |||||||||||||||||||||||
| Mortgage servicing assets | (3,736) | (3,978) | (4,628) | |||||||||||||||||||||||
| Tangible assets | (e) | $ | 84,294,039 | $ | 82,416,477 | $ | 77,687,742 | |||||||||||||||||||
| Total stockholders’ equity to assets ratio | (a)/(d) | 10.91 | % | 10.86 | % | 10.49 | % | |||||||||||||||||||
| TCE ratio | (b)/(e) | 10.41 | % | 10.35 | % | 9.95 | % | |||||||||||||||||||
20
| EAST WEST BANCORP, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||||||||||||||
| GAAP TO NON-GAAP RECONCILIATION | ||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||||||||||||||
| Table 14 (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 tax-effected impacts of the FDIC special assessment reversals 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 | Six Months Ended | |||||||||||||||||||||||||||||||||||||
| June 30, 2026 | March 31, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | ||||||||||||||||||||||||||||||||||
| Net income | (f) | $ | 363,700 | $ | 357,796 | $ | 310,253 | $ | 721,496 | $ | 600,523 | |||||||||||||||||||||||||||
| Add: Amortization of mortgage servicing assets | 264 | 149 | 316 | 413 | 609 | |||||||||||||||||||||||||||||||||
Tax effect of amortization adjustment (1) | (74) | (42) | (89) | (116) | (172) | |||||||||||||||||||||||||||||||||
| Tangible net income | (g) | $ | 363,890 | $ | 357,903 | $ | 310,480 | $ | 721,793 | $ | 600,960 | |||||||||||||||||||||||||||
| Less: FDIC special assessment reversals | — | (1,015) | (833) | (1,015) | — | |||||||||||||||||||||||||||||||||
Tax effects of adjustments (1) | — | 284 | 235 | 284 | — | |||||||||||||||||||||||||||||||||
Add: Impact of the CA SSF | — | — | 6,391 | — | 6,391 | |||||||||||||||||||||||||||||||||
| Adjusted tangible net income | (h) | $ | 363,890 | $ | 357,172 | $ | 316,273 | $ | 721,062 | $ | 607,351 | |||||||||||||||||||||||||||
| Average stockholders’ equity | (i) | $ | 9,114,396 | $ | 9,047,373 | $ | 8,069,982 | $ | 9,081,070 | $ | 7,970,083 | |||||||||||||||||||||||||||
| Less: Average goodwill | (465,697) | (465,697) | (465,697) | (465,697) | (465,697) | |||||||||||||||||||||||||||||||||
| Average mortgage servicing assets | (3,884) | (4,025) | (4,825) | (3,954) | (4,971) | |||||||||||||||||||||||||||||||||
| Average tangible book value | (j) | $ | 8,644,815 | $ | 8,577,651 | $ | 7,599,460 | $ | 8,611,419 | $ | 7,499,415 | |||||||||||||||||||||||||||
Return on average common equity (2) | (f)/(i) | 16.01 | % | 16.04 | % | 15.42 | % | 16.02 | % | 15.19 | % | |||||||||||||||||||||||||||
Return on average TCE (2) | (g)/(j) | 16.88 | % | 16.92 | % | 16.39 | % | 16.90 | % | 16.16 | % | |||||||||||||||||||||||||||
Adjusted return on average TCE (2) | (h)/(j) | 16.88 | % | 16.89 | % | 16.69 | % | 16.89 | % | 16.33 | % | |||||||||||||||||||||||||||
(1)Applied statutory tax rate of 28.02% for the three and six months ended June 30, 2026, and the three months ended March 31, 2026. Applied statutory tax rate of 28.18% for the three and six months ended June 30, 2025.
(2)Annualized.
21
2Q 26 EWBC NasdaqListed East West Bancorp, Inc. 2Q Earnings Presentation July 21, 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 2Q26 Financial Highlights 2Q26 net income of $364 million or $2.63 diluted quarterly earnings per share; diluted EPS up 18% Y-o-Y ▪ Grew EOP deposits 8% Y-o-Y − Strong growth Q-o-Q from noninterest bearing demand; total DDA up 19% Y-o-Y ▪ Grew EOP loans 7% Y-o-Y − Growth in resi. mortgage and C&I bolstering diversification ▪ Record revenue of $791mm, up 12% Y-o-Y ▪ Record NII of $685mm, up 11%Y-o-Y ▪ Record noninterest income of $106mm ▪ Total fee income of $96mm, up 19% Y-o-Y − Notable quarterly strength in deposit account and lending fees ▪ Net charge-offs at $27mm, or 19bps annualized - YTD net charge-offs of 14bps annualized ▪ Nonperforming assets at 29bps ▪ Provision for credit losses of $33mm ▪ Healthy ALLL at 1.43% Balanced Growth Record Revenue, NII, and Noninterest Income 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 ▪ 10.4% Tangible Common Equity (TCE)1 ratio ▪ 16% ROACE (17% ROTCE)1 ▪ Book value per share up 13% Y-o-Y, tangible book value per share1 up 14% Y-o-Y ▪ Declared 3Q26 dividend of $0.80
15.1 15.8 16.4 16.9 17.4 9.4 9.2 9.2 9.3 9.4 15.3 16.6 16.0 16.2 16.5 23.9 24.6 25.2 25.1 25.4 $63.7 $66.2 $66.8 $67.5 $68.7 2Q25 3Q25 4Q25 1Q26 2Q26 4 4 Year CAGRs +11% Deposits Strong noninterest-bearing deposit growth Q-o-Q ($ in billions) Average Deposits End of Period Deposit Growth by Category (1Q26 to 2Q26) ($ in millions) +8% +1% +6% +15% Y-o-Y +8% Time MMDA IB Checking & Savings Noninterest-bearing Demand (DDA) +$1,173mm $33 $127 $138 $875 Money Market Time IB Checking & Savings Noninterest-bearing Demand
5 4 Year CAGRs +11% Loans Bolstered diversification, with prudent Q-o-Q growth in our focus categories ($ in billions) Average Loans End of Period Loan Growth by Category (1Q26 to 2Q26) ($ in millions) +5% +5% +12% +4% C&I CRE (ex. Multifamily)Residential mortgage & other consumer Multifamily Y-o-Y +7% +$853mm $115 $122 $307 $309 CRE (ex. Multifamily) Multifamily C&I Residential mortgage & other consumer 15.5 15.9 16.0 16.2 16.4 5.0 5.0 5.1 5.1 5.2 16.4 16.5 16.8 17.0 17.2 17.4 17.8 17.7 18.8 19.4 $54.3 $55.2 $55.6 $57.1 $58.2 2Q25 3Q25 4Q25 1Q26 2Q26
2.94% 2.84% 2.59% 2.51% 2.48% 2.39% 2.16% 2.10% 2.04% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3.92% 3.73% 3.43% 3.30% 3.25% 3.15% 2.87% 2.81% 2.76% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 $617 $678 $658 $671 $685 3.35% 3.53% 3.41% 3.49% 3.43% 2Q25 3Q25 4Q25 1Q26 2Q26 NII NIM 6 Net Interest Income & Net Interest Margin Positive deposit mix trends supported income Q-o-Q ($ in millions) Net Interest Income (NII) & Net Interest Margin (NIM) End of Period Interest-bearing Deposit Cost (2Q24 to 2Q26) End of Period Cost of Deposits (2Q24 to 2Q26)
25 28 29 26 28 27 28 29 31 32 4 6 3 5 214 15 15 15 15 11 15 11 22 19$81 $92 $87 $99 $96 2Q25 3Q25 4Q25 1Q26 2Q26 7 Fee Income1 Fee Income Strong Y-o-Y growth, driven by strong execution and relationship deepening ($ 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 +9% +81% -48% +18% +9% Commercial and Consumer Deposit-Related Fees Lending and Loan Servicing Fees Foreign Exchange Income ▪ Fee income1 of $96mm, up $15mm or +19% Y-o-Y − Deposit-related fees and lending fees grew by a combined $3mm Q-o-Q, reflecting higher customer activity and syndication fees, respectively − Wealth management and customer derivative fees down by a combined $5mm Q-o-Q, reflecting lower customer activity Y-o-Y +19% Y-o-Y
16 17 17 18 20 19 17 12 16 19 13 13 15 15 15 37 38 48 36 41 145 176 152 173 173 $230 $261 $244 $258 $268 2Q25 3Q25 4Q25 1Q26 2Q26 8 Total Operating Noninterest Expense1 Operating Expense & Efficiency Maintained best-in-class efficiency while investing in people and platforms to sustain growth ($ 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 $833 thousand, $2 million, $7 million and $1 million for 2Q25, 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 +20% +12% +19% +4% ▪ Total operating noninterest expense1 of $268mm, up $9mm Q-o-Q − Maintained best-in-class efficiency while investing for future growth Computer and Software Related Expenses +15% 36.4% 36.2% 36.7% 1.20% 1.29% 1.29% 2Q25 1Q26 2Q26 Efficiency Ratio Op. Noninterest Expense / Avg. Assets Y-o-Y
2.32% 3.78% 0.28% 0.50% 2.69% 3.64% 0.28% 0.56% 3.08% 3.39% 0.27% 0.60% C&I CRE (ex. Multifamily) Multifamily Resi mortgage & consumer 72 70 52 61 66 58 57 47 63 67 9 30 67 56 89 33 44 42 36 25 $172 $201 $208 $216 $247 06.30.25 09.30.25 12.31.25 03.31.26 06.30.26 OREO and other CRE Resi. mortgage & consumer C&I $45 $36 $30 $36 $33 $15 $18 $12 $12 $27 $- $5 $10 $15 $20 $25 $30 $35 $40 $45 $50 2Q25 3Q25 4Q25 1Q26 2Q26 Provision for credit losses Net charge- offs 1.34% 1.38% 1.40% 1.57% 1.45% 0.81% 0.76% 0.61% 0.54% 0.73% 2.15% 2.14% 2.01% 2.12% 2.18% 06.30.25 09.30.25 12.31.25 03.31.26 06.30.26 Classified loans / Loans HFI Special mention loans / Loans HFI 9 Asset Quality Metrics Credit performance remains stable Provision for Credit Losses & Net Charge-offs ($ in millions) Nonperforming Assets (NPAs) Criticized Loans / Loans HFI Criticized Ratio by Loans HFI Portfolio ($ in millions) NPAs / Total assets 0.22% 0.25% 0.26% 0.26% 0.29%NCO ratio (ann.) 0.11% 0.13% 0.08% 0.09% 0.19%
10 Allowance for Loan Losses Healthy allowance levels, up $6mm Q-o-Q reflecting loan growth and portfolio mix shift Allowance for Loan Losses (ALLL) ($ in millions) Composition of ALLL by Portfolio ($ in millions) 06.30.25 03.31.26 06.30.26 Loan category ALLL ALLL ratio ALLL ALLL ratio ALLL ALLL ratio C&I $ 442 2.48% $ 483 2.47% $ 481 2.42% Total CRE 260 1.26 289 1.35 292 1.35 Multifamily 29 0.58 40 0.77 40 0.77 Office 61 2.78 66 2.87 66 2.85 All Other CRE 170 1.26 183 1.31 186 1.32 Resi. mortgage 57 0.35 63 0.37 68 0.39 Other consumer 1 2.65 1 2.48 1 2.65 Total loans $ 760 1.38% $ 836 1.44% $ 842 1.43% $760 $791 $810 $836 $842 1.38% 1.42% 1.42% 1.44% 1.43% 1.35% 1.40% 1.45% 1.50% $650 $700 $750 $800 $850 $900 06.30.25 09.30.25 12.31.25 03.31.26 06.30.26 ALLL ALLL/Loans HFI
15.8% 16.1% 16.4% 16.4% 16.8% Total Capital Ratio 14.5% 14.8% 15.1% 15.1% 15.4% CET1 Ratio 10.6% 10.7% 10.9% 11.0% 11.0% Leverage Ratio 10.0% 10.2% 10.5% 10.3% 10.4% Tangible Common Equity Ratio 11 09.30.25 Capital Position of significant strength Highlights 06.30.25 03.31.2612.31.25 ▪ Strong book value per share growth ‒ Up 13% Y-o-Y, tangible book value per share1 up 14% Y-o-Y ▪ 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% 06.30.26 (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 June 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) Updated FY 2026 Expectations 2Q26 Results (YTD) Interest Rate Outlook - ▪ Assumes flat rates - End of Period Loans 6% ($56.9bn) ▪ Growing 6% to 8% Y-o-Y (Up from 5% to 7%) 7% ($59.0bn) Net Interest Income 12% ($2.55bn) ▪ Growing 7% to 9% Y-o-Y (Up from 6% to 8%) 11% ($1.36bn) Total Operating Noninterest Expense1 7% ($972mm) ▪ Growing 8% to 9% Y-o-Y (Narrowing from 7% to 9%) 13% ($526mm) Net Charge-offs 11bps ▪ In the range of 15bps to 25bps 14bps Effective Tax Rate 23% ▪ In the range of 22% to 23% 22% Amortization of Tax Credit and CRA Investments $75mm ▪ In the range of $85 - $95 million $45mm 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 $18B Market Cap $85B Assets $70B Deposits 17% ROTCE1 06.30.26 06.30.26 06.30.26 2Q26 ▪ 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% 3% 4% 4% 4% 6% 15 1% 2% 2% 4% 4% 7% 8% 9% (as % of Total Loans, 06.30.26) Commercial Loans by Type Diversified Loan Portfolio Over 70% of loans support commercial customers, with broad diversification across industry and asset types (1) Industries with 1% of total loans outstanding: Technology & telecommunications, Healthcare, Hospitality & leisure, Equipment finance, Oil & gas, Art finance, Consumer finance Industries with 1% of total loans outstanding1 CRE $21.7bn C&I $19.9bn Total Loan Portfolio $59.0bn 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 $17.4 29% CRE $21.7 37% C&I $19.9 34%
<=50% 49% >50% to 55% 15% >55% to 60% 16% >60% to 65% 11% >65% to 70% 5% >70% 4% 16 Commercial Real Estate Portfolio Detail Our CRE portfolio is granular - many loans have full recourse and personal guarantees 49% Average LTV1 Distribution by Loan-to-Value (LTV)1 Size and LTV by Property Type (as of 06.30.26) (as of 06.30.26) ▪ Fewer than 25% of CRE loans have an LTV over 60% Total Portfolio Size ($bn) Weighted Avg. LTV1 (%) Average Loan Size ($mm) Multifamily $5.3 50% $2 Retail 4.6 47 3 Industrial 4.1 46 3 Hotel 2.6 51 10 Office 2.3 53 4 Other 1.1 48 4 Healthcare 0.9 51 4 Construction & Land2 0.8 50 14 Total CRE $21.7 49% $3 (1) Weighted average LTV is based on most recent LTV, using most recent available appraisal and current loan commitment (2) Construction & Land average size based on total commitment
40% 5% 12% 8% 6% 2% 2% 4% 6% 8% 17 CRE Office – Additional Information Our office portfolio has low LTVs across segments and low average loan sizes CRE Office: Geographic Mix by Metro Area CRE Office by Size Segment (as of 06.30.26) (as of 06.30.26) Loan Size Balance ($ in mm) No. of Loans Avg. Loan Size ($ in mm) Weighted Avg. LTV (%) >$30mm $387 10 $39 54% $20mm - $30mm 454 19 24 58 $10mm - $20mm 456 32 14 57 $5mm - $10mm 455 63 7 53 <$5mm 544 391 1 44 Total $2,296 515 $4 53% Other Los Angeles County Other SoCal Other Bay Area San Francisco Other CA, 1% Houston Dallas Manhattan, 3% Other TX Washington Other Regions New Jersey, 2% Other NY, 1% Downtown Los Angeles and Adjacent Neighborhoods
30% 3% 19% 9% 4% 6% 2% 3% 5% 3% 12% 18 CRE Retail – Additional Information Our retail portfolio has a weighted average LTV profile of 47% CRE Retail: Geographic Mix by Metro Area CRE Retail by Size Segment (as of 06.30.26) (as of 06.30.26) Loan Size Balance ($ in mm) No. of Loans Avg. Loan Size ($ in mm) Weighted Avg. LTV (%) >$30mm $226 6 $38 46% $20mm - $30mm 517 21 25 57 $10mm - $20mm 791 58 14 48 $5mm - $10mm 873 126 7 48 <$5mm 2,208 1,575 1 44 Total $4,615 1,786 $3 47% Other Los Angeles County Downtown Los Angeles and Adjacent Neighborhoods Other SoCalOther Bay Area San Francisco, 2% Other CA Houston Dallas, Manhattan Other TX, 1% Washington Other Regions Other NY New Jersey, 1%
31% 3% 13% 7% 5% 6% 6% 3% 4% 3% 5% 3% 6% 19 Oklahoma, 2% CRE Multifamily – Additional Information Our multifamily portfolio is amongst our most granular CRE Multifamily: Geographic Mix by Metro Area CRE Multifamily by Size Segment (as of 06.30.26) (as of 06.30.26) Loan Size Balance ($ in mm) No. of Loans Avg. Loan Size ($ in mm) Weighted Avg. LTV (%) >$30mm $687 18 $38 59% $20mm - $30mm 706 29 24 54 $10mm - $20mm 667 50 13 52 $5mm - $10mm 728 104 7 54 <$5mm 2,464 2,640 1 45 Total $5,252 2,841 $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% 52% >50% to 55% 13% >55% to 60% 22% >60% 13% 20 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 06.30.26 (as of 06.30.26) Outstandings ▪ $17.4bn loans outstanding ▪ +2% Q-o-Q and +6% Y-o-Y Originations ▪ $1.2bn in 2Q26 ▪ Primarily originated through East West Bank branches Single-family Residential ▪ $15.3bn loans outstanding ▪ +1% Q-o-Q and +5% Y-o-Y HELOC ▪ $2.1bn loans outstanding ▪ $3.7bn in undisbursed commitments ▪ 36% utilization as of 06.30.26 ▪ 75% of commitments in first lien position Resi. Mortgage Distribution by Geography3 52% Average LTV1 $442,000 Average loan size2 (as of 06.30.26) (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
2.5 2.5 2.6 2.5 2.6 1.9 1.9 1.8 2.4 2.4 1.3 1.4 1.4 1.4 1.5 1.0 1.0 1.0 1.1 1.00.6 0.7 0.8 0.9 0.8 $7.3 $7.5 $7.6 $8.3 $8.3 2Q25 3Q25 4Q25 1Q26 2Q26 C&I Nondepository Financial Institution (NDFI) Loans 21 Our NDFI portfolio is granular with diversification across industry and category types ($ in billions) Other Private Equity Mortgage Credit Consumer Credit Business Credit (1) The Company’s 2Q26 NDFI loan mix by Call Report Category is preliminary 4 Year CAGRs x +$194mm +$93mm -$84mm -$71mm Q-o-Q ($) +$24mm -$108mm 1 Highlights ▪ Well diversified by underlying asset and borrower ▪ Approximately 32% of loans are underwritten as capital call lines ▪ Virtually no net charge- offs in the past decade ▪ 99.99%+ loans are current NDFI Outstanding: Loan Mix by Call Report Category
$0.3 $0.1 $4.9 $12.1 100% RWA 50% RWA 20% RWA 0% RWA 22 Average Total Securities Portfolio and Cash Cash and Securities Strong on-balance-sheet liquidity levels ($ in billions) ▪ Securities portfolio well-positioned as a source of liquidity, interest rate risk management, and earnings support − Total securities average yield up 1bp Q-o-Q − 98% of investment portfolio 0% - 20% risk-weighted (HQLA) − 76% fixed-rate securities, 24% floating Highlights Securities Portfolio Composition by Risk-Weighted Asset (RWA) Distribution ($ in billions, as of 06.30.26) $17.4bn Securities Portfolio $15.4 $15.5 $16.1 $16.5 $17.3 $4.1 $5.3 $4.8 $4.3 $4.4 $19.5 $20.8 $20.9 $20.8 $21.7 4.02% 4.05% 3.99% 3.94% 3.95% 2Q25 3Q25 4Q25 1Q26 2Q26 Total Securities Interest-bearing Cash, Equivalent, and Resale Agreements Total Securities Average Yield
5.93% 5.90% 5.84% 5.87% 5.80% 6.24% 6.23% 6.07% 6.01% 5.97% 7.02% 7.71% 6.68% 6.43% 6.28% 19% 22% 33% 26% Fixed rate Hybrid in fixed rate period Variable - SOFR Variable - Prime, all other rates 23 Loan Yields Loan Portfolio by Index Rate (as of 06.30.26) Average C&I Loan Rate Average Residential Mortgage Loan Rate Average CRE Loan Rate 91% variable rate 59%* variable rate *46% had customer-level interest rate derivative contracts SFR: 48% hybrid in fixed-rate period & 40% fixed rate 07.08.26 rate sheet price for 30-year fixed: 6.625% Total fixed rate and hybrid in fixed period: 41% 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26
3.79% 3.71% 3.59% 3.36% 3.30% Time 3.25% 3.21% 2.83% 2.62% 2.63% Money Market 2.48% 2.47% 2.20% 2.09% 2.01% Inerest-bearing Checking 2.52% 2.49% 2.30% 2.13% 2.10% 3.31% 3.26% 3.05% 2.84% 2.81% 3.39% 3.34% 3.11% 2.91% 2.88% 2Q25 3Q25 4Q25 1Q26 2Q26 Average cost of deposits Average cost of interest-bearing deposits Average cost of interest-bearing liabilities 24 Average Deposit and Liability Cost Deposit and Funding Cost Average Deposit Rate by Portfolio 2Q25 3Q25 4Q25 1Q26 2Q26
25 Appendix: GAAP to Non-GAAP Reconciliation EAST WEST BANCORP, INC. AND SUBSIDIARIES GAAP TO NON-GAAP RECONCILIATION ($ 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. June 30, 2026 March 31, 2026 June 30, 2025 Common stock $ 171 $ 171 $ 170 Additional paid-in capital 2,151,229 2,131,219 2,060,115 Retained earnings 8,800,428 8,547,820 7,744,221 Treasury stock (1,292,113) (1,291,555) (1,140,359) Accumulated other comprehensive income: AFS debt securities net unrealized losses (396,325) (383,753) (466,568) Cash flow hedges net unrealized (losses) gains (4,636) 12,034 28,622 Foreign currency translation adjustments (12,825) (16,501) (24,434) Total accumulated other comprehensive loss (413,786) (388,220) (462,380) Stockholders’ equity (a) $ 9,245,929 $ 8,999,435 $ 8,201,767 Less: Goodwill (465,697) (465,697) (465,697) Mortgage servicing assets (3,736) (3,978) (4,628) Tangible book value (b) $ 8,776,496 $ 8,529,760 $ 7,731,442 Number of common shares at period-end (c) 137,011 136,979 137,816 Book value per share (a)/(c) $ 67.48 $ 65.70 $ 59.51 Tangible book value per share (b)/(c) $ 64.06 $ 62.27 $ 56.10 Total assets (d) $ 84,763,472 $ 82,886,152 $ 78,158,067 Less: Goodwill (465,697) (465,697) (465,697) Mortgage servicing assets (3,736) (3,978) (4,628) Tangible assets (e) $ 84,294,039 $ 82,416,477 $ 77,687,742 Total stockholders’ equity to assets ratio (a)/(d) 10.91% 10.86% 10.49% TCE ratio (b)/(e) 10.41% 10.35% 9.95%
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 tax-effected impacts of the FDIC special assessment reversals 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 six months ended June 30, 2026, and the three months ended March 31, 2026. Applied statutory tax rate of 28.18% iiiiiiiiifor the three and six months ended June 30, 2025. (2) Annualized. Three Months Ended Six Months Ended June 30, 2026 March 31, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Net income (a) $ 363,700 $ 357,796 $ 310,253 $ 721,496 $ 600,523 Add: Amortization of mortgage servicing assets 264 149 316 413 609 Tax effect of amortization adjustment1 (74) (42) (89) (116) (172) Tangible net income (b) $ 363,890 $ 357,903 $ 310,480 $ 721,793 $ 600,960 Less: FDIC special assessment reversals - (1,015) (833) (1,015) - Tax effects of adjustments1 - 284 235 284 - Add: Impact of the CA SSF - - 6,391 - 6,391 Adjusted tangible net income (c) $ 363,890 $ 357,172 $ 316,273 $ 721,062 $ 607,351 Average stockholders' equity (d) $ 9,114,396 $ 9,047,373 $ 8,069,982 $ 9,081,070 $ 7,970,083 Less: Average goodwill (465,697) (465,697) (465,697) (465,697) (465,697) Average mortgage servicing assets (3,884) (4,025) (4,825) (3,954) (4,971) Average tangible book value (e) $ 8,644,815 $ 8,577,651 $ 7,599,460 $ 8,611,419 $ 7,499,415 Return on average common equity2 (a)/(d) 16.01% 16.04% 15.42% 16.02% 15.19% Return on average TCE2 (b)/(e) 16.88% 16.92% 16.39% 16.90% 16.16% Adjusted return on average TCE2 (c)/(e) 16.88% 16.89% 16.69% 16.89% 16.33%