East West Bancorp : Second Quarter 2025 Investor Update

Published: 2025-06-09 16:40:06 ET EWBC

Published on 06/09/2025 at 16:40

2Q25 Investor Update

June 2025

Earnings Drivers FY 2025 Expectations vs. FY 2024 Results FY 2025 Expectation

Top Quartile Returns

Interest Rate Outlook  Assumes May 31st forward curve

End of Period Loans  Growing in the range of 4% to 6% Y-o-Y

Net Interest Income Total Revenue

Trending above 6%

Best-in-Class Efficiency

Total Operating Noninterest Expense(1)  Growing in the range of 7% to 9% Y-o-Y

Net Charge-offs  In the range of 25bps to 35bps

Tax Items

Effective tax rate of ~23%

Amortization of tax credit and CRA investment expense in the range of $70 to $80 million

1Q25 $290 million net income available to common equity, $2.08 diluted quarterly earnings per share

Growing Loans, Optimizing Deposits

Total EOP loans up 1% Q-o-Q (4% ann.)

Steady, balanced growth across residential mortgage, CRE, and C&I

Optimized deposits to further reduce cost

Reduced average deposit cost of interest-bearing deposits 29bps Q-o-Q

Record total quarterly revenue

Increasing Revenue

NII up 2% Q-o-Q

NIM expanded 11bps Q-o-Q

Record quarterly fee income of $88mm

Strong customer activity across the

board

Improving

Asset Quality

Nonaccrual loans down 2bps Q-o-Q to 28bps

Net charge-offs of $15mm (12bps)

Nonperforming assets down 2bps Q-o-Q to 24bps

Bolstered ALLL to 1.35%, reflecting changes in the economic forecast

15.0% ROACE (~16% ROTCE1)

Operating from a Position of Strength

1.56% Return on Average Assets (ROAA)

9.9% Tangible Common Equity (TCE)1 ratio

14.3% Common Equity Tier 1 (CET1) ratio

Ample on and off balance-sheet liquidity

Steady, balanced growth is supporting diversification and margin expansion

Average Loans End of Period Total Loan Growth by Category (4Q24 to 1Q25)

Y-o-Y

+3%

($ in billions)

$51.9

$52.4

$53.2

$53.3

16.3

16.2

16.5

17.0

16.8

($ in millions)

+4%

Residential mortgage

& other consumer

CRE (ex. Multifamily)

$207

Q-o-Q

+1%

(4% ann.)

$200

+$526mm

15.2

15.4

15.7

15.9

16.1

5.0

5.1

5.0

15.4

15.3

15.1

15.3

15.4

+6%

-1%

C&I $64

1Q24 2Q24 3Q24 4Q24 1Q25

Multifamily

$55

Optimized mix to further lower cost; with growing average balances across most categories

Average Deposits End of Period Total Deposit Growth by Category (4Q24 to 1Q25)

($ in billions) ($ in millions)

Y-o-Y

+9%

$69

$(281)

360)

$60.6

$61.9

$62.6

$57.4

$58.7

23.2

19.3

21.0

22.3

22.9

13.6

13.7

14.2

14.3

14.8

9.5

9.3

9.5

9.7

9.5

15.0

14.7

14.6

15.0

15.1

Time $449

+20%

Money Market

+9%

$(123)mm

Noninterest-bearing Demand

+1%

IB Checking & Savings $(

1Q24 2Q24 3Q24 4Q24 1Q25

Grew NII 2% and NIM 11bps Q-o-Q, with continued disciplined reduction in deposit cost

Net Interest Income (NII) & Net Interest Margin (NIM) End of Period Interest-bearing Deposit Cost (2Q24 to 1Q25)

($ in millions)

62bp decrease in interest-bearing deposit cost for 100bp of interest rate cuts

3.92%

3.73%

3.43%

3.30%

13bp decrease Q-o-Q

$600

$588

$573

$565

$553

3.27%

3.34%

3.24%

3.35%

1Q24 2Q24 3Q24 4Q24 1Q25

End of Period Interest-bearing Deposit Cost

Higher customer activity supported a record quarter

Fee Income1

($ in millions)

$88

Q-o-Q

+8%

+2%

Commercial and Consumer Deposit-Related Fees

+6%

Lending Fees

-5%

Foreign Exchange Income

Highlights

Fee income1 of $88mm, up nearly $7mm, or +8% from $81mm

Wealth management, customer derivatives, and lending fee growth all reflect higher customer activity

$81

$77

$71

+46%

+39%

Wealth Management Fees Customer Derivative Income

1Q24 2Q24 3Q24 4Q24 1Q25

Fee income excludes mark-to-market adjustments related to customer and other derivatives; net gains (losses) on sales of loans; net gains on AFS debt securities; 9

other investment income and other income

Maintaining best-in-class efficiency while investing for future growth

Total Operating Noninterest Expense1

($ in millions)

$219

$220

136

133

140

146

142

$234

Q-o-Q

+3%

$231 $236

+5%

Compensation and Employee Benefits

Highlights

Total operating noninterest expense of

$236mm

Excludes $16mm of tax credit and CRA investment amortization expense

Efficiency Ratio3 and Operating Noninterest Expense/Average Assets Ratio

34.3%

36.9%

36.4%

1.20%

1.22%

1.27%

3Q24

4Q24

1Q25

Efficiency Ratio

Noninterest Expense / Avg. Assets

-4%

Computer and Software Related Expenses, All Other

-4%

+13%

Deposit-Related Expenses2 Occupancy and Equipment

1Q24 2Q24 3Q24 4Q24 1Q25

Total noninterest expense excluding amortization of tax credit and CRA investments

Deposit-related expenses include deposit account expenses and deposit insurance premiums and regulatory assessments, including FDIC special deposit 10

insurance assessment charges and reversals of $10 million, $2 million, $(3) million, and $833 thousand for 1Q24, 2Q24, 4Q24, and 1Q25 respectively

See reconciliation of GAAP to non-GAAP financial measures in the appendix and in the Company's earnings press releases

Operating from a position of strength with solid trends and declining net charge-offs and nonperforming assets

Provision for Credit Losses & Net Charge-offs Nonperforming Assets

($ in millions)

$70

$64

$49

$37

$42

$25 $23

$23

$29

$15

1Q24 2Q24 3Q24 4Q24 1Q25

($ in millions)

$196

$195

$165

$194

$182

03.31.24 06.30.24 09.30.24 12.31.24 03.31.25

NCO ratio (ann.) 0.17% 0.18% 0.22% 0.48% 0.12%

NPA / Total assets 0.23% 0.27% 0.26% 0.26% 0.24%

Criticized Loans / Loans HFI Criticized Ratio by Loans HFI Portfolio

1.05%

0.83%

0.88%

0.83%

1.25%

1.22%

1.20%

1.35%

03.31.24

06.30.24

09.30.24

12.31.24

03.31.25

2.30%

2.05%

2.08%

2.18%

2.29%

0.91%

1.38%

C&I CRE (ex. Multifamily) Multifamily Resi mortgage & consumer

3.76%

2.92% 3.07% 2.67% 2.99% 3.08%

1.45% 1.69% 1.81%

0.51% 0.52% 0.65%

Bolstered reserves by $33 million quarter-over-quarter

Allowance for Loan Losses (ALLL)

($ in millions)

$696

$702

$684

$670

1.29%

1.30%

1.31%

1.35%

$735

Highlights

- Increased reserves by $33mm, driven primarily by changes in the impact of the economic forecast

03.31.24 06.30.24 09.30.24 12.31.24 03.31.25

Composition of ALLL by Portfolio

($ in millions)

12.31.24 03.31.25

C&I

$ 373

2.29%

$ 384

2.21%

$ 421

2.41%

Loan category ALLL ALLL ratio ALLL ALLL ratio ALLL ALLL ratio

- Increased reserves for C&I by $37mm to capture potential effects of business cycle and trade dynamics

MFR

0.75

0.65

Total CRE (incl. MFR) 236 1.16 268 1.32 261 1.27

All Other CRE

137

1.05

168

1.27

166

1.24

Office 61 2.73 68 3.20 62 2.90

Resi mortgage & consumer 61 0.40 50 0.31 53 0.33

Total

$ 670

1.29%

$ 702

1.31%

$ 735

1.35%

Healthy capital position: $85 million of share repurchases in 1Q25

Tangible Common Equity Ratio1 Regulatory Capital Ratios2

10.1% 10.4% 10.4% 10.4% 10.5%

Highlights

Tangible Common Equity Ratio

9.9%

9.7%

9.6%

9.4%

9.3%

10.0%

Leverage Ratio

13.5% 13.7% 14.1% 14.3% 14.3%

CET1 Ratio

14.8% 15.1% 15.4% 15.6% 15.6%

Total Capital Ratio

5.0%

Repurchased $85mm (~920K shares) in 1Q25

6.5%

Grew both book and tangible book value1 3% Q-o-Q

$244 million of East West's share repurchase authorization remains available; we remain opportunistic

Payable on May 16, 2025 to

shareholders of record on May 2, 2025

Regulatory well capitalized requirement

See reconciliation of GAAP to non-GAAP financial measures in the appendix and in the Company's earnings press release

The Company has applied the 2020 Current Expected Credit Losses (CECL) transition provision in the December 31, 2024, September 30, 2024, June 30, 2024, and March 31, 2024 regulatory capital ratio calculations. The CECL transition provision permits certain banking organizations to exclude from regulatory capital the initial adoption impact of CECL,

plus 25% of the cumulative changes in the allowance for credit losses under CECL for each period until December 31, 2021, followed by a three-year phase-out period in which the 13

aggregate benefit is reduced by 25% in 2022, 50% in 2023, and 75% in 2024. The CECL transition effect is no longer in effect as of March 31, 2025

03.31.25 03.31.25 03.31.25

$12B Market Cap

$76B Assets

$63B Deposits

16% ROTCE1

…Producing Consistent Top-Tier Shareholder Returns…



Headquartered in Pasadena, California



Roots in the U.S. Asian-American immigrant community, expanded to bridge businesses across the Pacific

A Leading Regional Bank with Cross-Border Capabilities...

ROTCE1

21.3%

16.7%17.2%

17.1%

19.4%

15.2%

17.0%

14.2%

10.0%

12.4%

2020 2021 2022 2023 2024

1.8%

1.7%

1.6%

1.2%

1.3%

1.5%

1.1%

1.0%

0.8%

1.0%

ROAA

#1 Top Performing Bank in 2024, $50+ Billion (Bank Director) #1 Top Performing Bank in 2022, $10+ Billion (S&P Global) Outstanding CRA Rating

2020 2021 2022 2023 2024

See reconciliation of GAAP to non-GAAP financial measures in the appendix and in the Company's earnings press releases 14

EWBC peers include BKU, BOKF, BPOP, CFG, CFR, CMA, COLB, FCNC.A, FITB, HBAN, KEY, MTB, NTRS, PNFP, RF, SSB, SNV, VLY, WAL, WTFC, and ZION.

Source: S&P Capital IQ

70% of loans support commercial customers, with broad diversification across industry and asset types

Commercial Loans by Type

(as % of Total Loans, 03.31.25)

C&I

$17.5 32%

CRE

$20.5 38%

Resi. Mortgage and other consumer

$16.3

30%

$17.5bn

Total Loan Portfolio

$54.3bn

CRE

$20.5bn

General

Real Estate Investment & Mgmt.

Capital Call Lending

Media & Entertainment Manufacturing and Wholesale

Financial Services

Infrastructure & Clean Energy

Industries with 1% of total loans outstanding1

(1) Industries with 1% of total loans outstanding: Art Finance, Consumer Finance, Food Production & Distribution, Equipment Finance, Healthcare Services, Hospitality & Leisure, Oil & Gas, Tech & Telecom

Multifamily

Retail

Industrial

Hotel

Office

All other CRE Healthcare Construction and Land

Our CRE portfolio is granular - many loans have full recourse and personal guarantees

Distribution by Loan-to-Value (LTV)1 Size and LTV by Property Type

(as of 03.31.25)

>70%

(as of 03.31.25)

Total Portfolio

Size

Weighted

Avg. LTV1

Average

Loan Size

($bn)

(%)

($mm)

Multifamily

$5.0

51%

Retail

4.4

Industrial

4.1

Hotel

2.4

Office

2.1

Healthcare

0.8

Other

1.1

Construction & Land2

0.6

>65% to 70%

>60% to 65%

13%

>55% to 60%

15%

49%

Average LTV1

<=50%

49%

>50% to 55%

15%

Total CRE $20.5 49% $3

Fewer than 25% of CRE loans have an LTV over 60%

Weighted average LTV is based on most recent LTV, using most recent available appraisal and current loan commitment

Construction & Land average size based on total commitment

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 03.31.25)

Washington Other NY, 1% 6%

Manhattan, 1%

Other Regions

(as of 03.31.25)

Loan Size

Balance ($ in mm)

No. of Loans

Avg.

Loan Size ($ in mm)

Weighted Avg. LTV (%)

New Jersey

Other TX 4%

37%

Other Los Angeles

>$30mm

$277

$40

55%

$20mm - $30mm

419

$10mm - $20mm

498

$5mm - $10mm

419

<$5mm

532

401

Total

$2,145

517

53%

County

Dallas 4%

Houston 3%

Other CA, 1%

San Francisco

Other Bay Area

12%

Other SoCal

Downtown Los Angeles and Adjacent Neighborhoods

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 03.31.25)

Washington

Other Regions

12%

28%

Other Los Angeles

County

(as of 03.31.25)

Loan Size

Balance ($ in mm)

No. of Loans

Avg.

Loan Size ($ in mm)

Weighted Avg. LTV (%)

Other NY

Manhattan

New Jersey, 1%

Other TX, 2%

Dallas, 2%

Houston 6%

Other

CA 2%

San Francisco

10%

Other

18%

Other SoCal

>$30mm

$339

$38

48%

$20mm - $30mm

480

$10mm - $20mm

751

$5mm - $10mm

790

115

<$5mm

2,036

1,503

Total

$4,396

1,702

47%

Downtown

Los Angeles and Adjacent Neighborhoods

Bay Area

Our multifamily portfolio is amongst our most granular

CRE Multifamily: Geographic Mix by Metro Area CRE Multifamily by Size Segment

(as of 03.31.25)

Nevada

Other Regions

(as of 03.31.25)

Loan Size

Balance ($ in mm)

No. of Loans

Avg.

Loan Size ($ in mm)

Weighted Avg. LTV (%)

Arizona 3%

Washington

31%

Other Los Angeles

>$30mm

$607

$38

57%

$20mm - $30mm

650

$10mm - $20mm

650

$5mm - $10mm

688

<$5mm

2,413

2,599

Total

$5,008

2,788

51%

County

Other NY 3%

Manhattan, 2%

Oklahoma Other Texas, 1%

Dallas

Houston

Other

CA 6%

12%

Other

Downtown Los Angeles and

Adjacent Neighborhoods

San Francisco

Other Bay Area

SoCal

Our residential mortgage portfolio benefits from both low LTVs and smaller average loan size

Resi. Mortgage Distribution by LTV1 Portfolio Highlights as of 03.31.25

>60%

11%

>55% to 60%

27%

<=50%

50%

>50%

to 55%

12%

(as of 03.31.25) Outstandings

$16.2bn loans outstanding

51%

Average LTV1

Resi. Mortgage Distribution by Geography3

(as of 03.31.25)

$438,000

Average loan size2

 +1% Q-o-Q and +6% Y-o-Y

$0.8bn in 1Q25, unchanged from the prior quarter

Primarily originated through East West Bank branches

$14.4bn loans outstanding

Other 9%

Texas 2%

Washington 6%

New York 25%

Southern California 42%

Northern California 16%

 +1% Q-o-Q and +6% Y-o-Y

$1.8bn loans outstanding

$3.5bn in undisbursed commitments

34% utilization, unchanged from 12.31.24

77% of commitments in first lien position

Combined LTV for 1st and 2nd liens; based on commitment

Enhanced liquidity while supporting earnings with high-quality liquid assets

Average Total Securities Portfolio and Cash

($ in billions)

Highlights

$18.8

$19.2

$16.1

$17.7

$16.0

$10.2

3.19%

4.03%

3.93%

$12.7

$11.9

3.98%

$14.2

4.08%

$15.1

$4.1

$5.9

$5.0

$4.1

$4.6

1Q24 2Q24 3Q24 4Q24 1Q25

Securities Portfolio Composition by Risk-Weighted Asset (RWA) Distribution

$4.4

$0.1

$0.7

($ in billions, as of 03.31.25)

Securities portfolio well-positioned as a source of liquidity, interest rate risk management, and earnings support

Total securities average yield up 10bps Q-o-Q

95% of investment portfolio 0% - 20% risk-weighted (HQLA)

56% fixed-rate securities, 44% floating

Portfolio includes ~$7bn of Ginnie Mae

0% RWA

1%‒20% RWA

$10.1

floating-rate securities

$15.3bn Securities Portfolio

21%‒50% RWA

51%‒100% RWA

Hedge Impact and Outlook Loan Portfolio by Index Rate

(as of 03.31.25)

$7mm negative impact to 1Q25 NII from cash flow hedges (4bps to NIM)

$1bn of forward starting hedges expected to come on in 2H25, with a blended receive-fixed rate of ~4%

$1bn of negative carry swaps rolled off in 1Q, which provided significant lift to hedge impact in February and March

28%

21%

30%

Total fixed rate and hybrid in fixed period: 42%

Average Loan Rate by Portfolio

C&I

CRE

Residential Mortgage

8.06%

8.01%

7.93%

7.42%

7.06%

6.39% 6.41% 6.44% 6.22% 6.20%

5.71% 5.80% 5.86% 5.86% 5.94%

90% variable rate

56%* variable rate

SFR: 45% hybrid in fixed-rate period & 40% fixed rate

*47% had customer-level interest rate derivative contracts 04.15.25 rate sheet price for 30-year fixed: 6.750%

Average Deposit and Liability Cost

3.85%

3.92%

3.94%

4.07%

3.93%

4.05%

3.63%

3.71%

3.34%

3.43%

2.84%

2.96%

2.98%

2.75%

2.54%

1Q24 2Q24 3Q24 4Q24 1Q25

Average Deposit Rate by Portfolio

Interest-bearing Checking

2.51%

2.81% 2.84% 2.98% 2.82%

Money Market

Time

3.97% 3.97%

3.82%

3.32%

3.17%

3.93%

4.44% 4.56% 4.55% 4.31%

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. Non-GAAP measures used consist of fully taxable equivalent ("FTE") net interest

income and total revenue. The FTE adjustment relates to tax exempt interest on certain investment securities and loans. Efficiency ratio represents noninterest expenses divided by total revenue (FTE). Pre-tax, pre-provision income represents total revenue (FTE) less noninterest expense.

Three Months Ended

March 31, 2025

December 31, 2024

March 31, 2024

Net interest income before provision for credit losses

(a)

$ 600,201

$ 587,626

$ 565,139

FTE adjustment

(b)

1,146

1,276

1,576

FTE net interest income before provision for credit losses

(c)=(a)+(b)

601,347

588,902

566,715

Total noninterest income

(d)

92,102

88,166

78,487

Total revenue

(e)=(a)+(d)

692,303

675,792

643,626

Total revenue (FTE)

(f)=(c)+(d)

$ 693,449

$ 677,068

$ 645,202

Total noninterest expense

(g)

$ 252,148

$ 249,968

$ 246,374

Efficiency ratio

(g)/(e)

36.42 %

36.99 %

38.28 %

Efficiency ratio (FTE)

(g)/(f)

36.36 %

36.92 %

38.19 %

Pre-tax, pre-provision income

(f)-(g)

$ 441,301

$ 427,100

$ 398,828

EAST WEST BANCORP, INC. AND SUBSIDIARIES GAAP TO NON-GAAP RECONCILIATION

($ in thousands) (unaudited)

Adjusted net income represents net income adjusted for the tax-effected adjustments below. Adjusted diluted EPS represents diluted EPS adjusted for the tax-effected adjustments below. Management believes that

the measures and ratios presented below provide clarity to financial statement users regarding the ongoing performance of the Company and allow comparability to prior periods. During the first quarters of 2025 and 2024, the Company recorded $833 thousand and $10 million, respectively, of pre-tax FDIC special assessment charges. The Company recorded a $3 million FDIC special assessment reversal during the fourth quarter of 2024. Pre-tax FDIC special assessment charges/reversals are included in Deposit insurance premiums and regulatory assessments on the Condensed Consolidated Statement of Income. During the fourth quarter of 2024, the Company recorded $343 thousand in pre-tax DC Solar recoveries (included in Amortization of Tax Credit and CRA Investments on the Condensed Consolidated Statement of Income) related to the Company's investment in DC Solar.

Three Months Ended

March 31, 2025

December 31, 2024

March 31, 2024

Net income

$ 290,270

$ 293,115

$ 285,075

Less/Add: FDIC special assessment charge (reversal)

833

(3,385)

10,305

Less: DC Solar recovery

(343)

Tax effect of adjustments (1)

(248)

1,109

(3,046)

Adjusted net income

$ 290,855

$ 290,496

$ 292,334

Diluted weighted-average number of shares outstanding

139,291

139,883

140,261

Diluted EPS

$ 2.08

$ 2.10

$ 2.03

Less/Add: FDIC special assessment charge (reversal)

0.01

(0.03)

0.07

Less: DC Solar recovery

Tax effect of adjustments (1)

0.01

(0.02)

Adjusted diluted EPS

$ 2.09

$ 2.08

(1) Applied statutory tax rate of 29.73% for the three months ended March 31, 2025 and December 31, 2024. Applied statutory tax rate of 29.56% for the three months ended March 31, 2024

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, respectivel y, which have been reduced by goodwill and other intangible 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.

March 31, 2025

December 31, 2024

March 31, 2024

Common Stock

$ 170

Additional paid-in capital

2,043,898

2,030,712

1,993,806

Retained earnings

7,517,711

7,311,542

6,662,919

Treasury stock

(1,137,299)

(1,034,110)

(970,930)

Accumulated other comprehensive income:

AFS debt securities net unrealized losses

(482,175)

(542,152)

(601,511)

Cash flow hedges net unrealized (losses) gains

10,493

(20,787)

(43,705)

Foreign currency translation adjustments

(23,333)

(22,321)

(17,517)

Total accumulated other comprehensive loss

(495,015)

(585,260)

(662,733)

Stockholders' equity

(a)

$ 7,929,465

$ 7,723,054

$ 7,023,232

Less: Goodwill

(465,697)

Mortgage servicing assets

(4,940)

(5,234)

(6,234)

Tangible book value

(b)

$ 7,458,828

$ 7,252,123

$ 6,551,301

Number of common shares at period-end

(c)

137,802

138,437

139,121

Book value per share

(a)/(c)

$ 57.54

$ 55.79

$ 50.48

Tangible book value per share

(b)/(c)

$ 54.13

$ 52.39

$ 47.09

Total assets

(d)

$ 76,165,013

$ 75,976,475

$ 70,875,670

Less: Goodwill

(465,697)

Mortgage servicing assets

(4,940)

(5,234)

(6,234)

Tangible assets

(e)

$ 75,694,376

$ 75,505,544

$ 70,403,739

Total stockholders' equity to assets ratio

(a)/(d)

10.41%

10.17%

9.91%

TCE ratio

(b)/(e)

9.85%

9.60%

9.31%

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 core deposit intangibles 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.

Three Months Ended

March 31, 2025

December 31, 2024

March 31, 2024

Net income

(f)

$ 290,270

$ 293,115

$ 285,075

Add: Amortization of mortgage servicing assets

293

334

308

Tax effect of amortization adjustments (1)

(87)

(99)

(91)

Tangible net income

(g)

$ 290,476

$ 293,350

$ 285,292

Average stockholders' equity

(h)

$ 7,869,074

$7,731,324

$ 6,992,558

Less: Average goodwill

(465,697)

Average mortgage servicing assets

(5,120)

(5,445)

(6,473)

Average tangible book value

(i)

$ 7,398,257

$7,260,182

$ 6,520,388

Return on average common equity (2)

(f)/(h)

14.96%

15.08%

16.40%

Return on average TCE (2)

(g)/(i)

15.92%

16.07%

17.60%

Applied statutory tax rate of 29.73% for the three months ended March 31, 2025 and December 31, 2024. Applied statutory tax rate of 29.56% for the three months ended March 31, 2024

Annualized

Disclaimer

East West Bancorp Inc. published this content on June 10, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 09, 2025 at 20:39 UTC.