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Earnings surge for East West Bancorp (Nasdaq: EWBC) in Q1 2026

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(High)
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(Neutral)
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8-K

Rhea-AI Filing Summary

East West Bancorp reported strong first quarter 2026 results, with earnings and balance sheet growth supported by record fees and stable credit quality. Net income was $358 million and diluted EPS was $2.57, both up 23% from a year earlier. Total revenue reached $774 million, a 12% year-over-year increase, driven by record fee income of $99 million.

Total loans rose to a record $58.1 billion and deposits to a record $68.9 billion as of March 31, 2026, up 7% and 9% year-over-year. Net interest income was $671 million, with net interest margin improving to 3.49%.

Profitability remained high, with return on average assets of 1.79% and return on average common equity of 16.04%. Asset quality stayed resilient: net charge-offs were $12 million (0.09% of average loans) and nonperforming assets were 0.26% of total assets. The allowance for loan losses increased to 1.44% of loans. The efficiency ratio was a lean 36.2%.

Capital was strong, with a tangible common equity ratio of 10.35% and CET1 ratio of 15.13%. The company declared a $0.80 common dividend for the second quarter of 2026 and repurchased about 938,000 shares for $98 million during the quarter.

Positive

  • Double-digit earnings and revenue growth: Q1 2026 net income of $358 million and diluted EPS of $2.57 were both up 23% year-over-year, while total revenue rose 12% to $774 million, indicating strong operating momentum.
  • Record balance sheet scale with disciplined profitability: Loans reached $58.1 billion and deposits $68.9 billion, both record levels, alongside a 3.49% net interest margin, 1.79% ROAA and 16.04% ROE, reflecting efficient growth.
  • Strong capital and active shareholder returns: CET1 of 15.13%, tangible common equity ratio of 10.35%, a declared $0.80 common dividend, and $98 million of share repurchases support a robust capital position with meaningful capital return.

Negative

  • None.

Insights

Q1 2026 shows double‑digit earnings growth, strong margin, robust capital and stable credit for East West Bancorp.

East West Bancorp delivered net income of $358 million and diluted EPS of $2.57, both up 23% year-over-year. Total revenue rose 12% to $774 million, supported by record fee income of $99 million and net interest income of $671 million. Net interest margin expanded to 3.49%, reflecting disciplined funding costs and loan growth.

Balance sheet growth was healthy: loans reached $58.1 billion and deposits $68.9 billion, up 7% and 9% year-over-year. Profitability metrics remained strong, with return on average assets at 1.79% and return on average common equity at 16.04%. The efficiency ratio of 36.2% indicates tight expense control even as compensation and regulatory costs increased.

Credit quality stayed solid, with net charge-offs of $12 million (0.09% of average loans) and nonperforming assets at 0.26% of total assets. The allowance for loan losses increased to $836 million, or 1.44% of loans, as management incorporated loan growth and portfolio mix. Capital remains a buffer, with CET1 at 15.13% and tangible common equity ratio at 10.35%. The Board’s $0.80 quarterly dividend and $98 million of share repurchases in Q1 2026 underscore confidence in capital strength.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Net income $358 million Q1 2026, up 23% year-over-year
Diluted EPS $2.57 Q1 2026, up 23% year-over-year
Total revenue $774 million Q1 2026, 12% higher than Q1 2025
Loans outstanding $58.1 billion Record level as of March 31, 2026; 7% year-over-year growth
Deposits $68.9 billion Record level as of March 31, 2026; 9% year-over-year growth
Net interest margin 3.49% Q1 2026, up 14 basis points year-over-year
Return on average assets 1.79% Q1 2026 bank-wide profitability metric
Allowance for loan losses ratio 1.44% Allowance as a percentage of loans HFI at March 31, 2026
net interest margin financial
"Net interest margin was 3.49%, an increase of 8 basis points from the prior quarter and 14 basis points from the year-ago quarter."
Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.
tangible common equity ratio financial
"Tangible common equity ratio 1 | | 10.35% | | 10.54% | | 9.85% |"
Tangible common equity ratio measures how much real, loss-absorbing capital common shareholders have relative to a company's tangible assets—calculated by removing intangible items (like goodwill) and preferred equity from total equity and comparing that net amount to tangible assets. Think of it as the thickness of a safety cushion made of solid, visible value rather than accounting entries; investors use it to judge how well a company could withstand losses and protect common shareholders' claims.
nonperforming assets financial
"The nonperforming assets ratio was 0.26% of total assets as of March 31, 2026, unchanged from the prior quarter."
Nonperforming assets are loans or investments that are not generating expected payments or returns because the borrower has fallen behind on payments or the investment has lost value. They matter to investors because a high level of nonperforming assets can indicate financial trouble for a bank or institution, potentially affecting its stability and profitability.
provision for credit losses financial
"First quarter 2026 provision for credit losses was $36 million, compared with $30 million in the fourth quarter of 2025."
Provision for credit losses is an amount set aside by a financial institution to cover potential future losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution manage risks and stay financially healthy. For investors, it signals how cautious a lender is about potential loan defaults and can impact the company's profitability and financial stability.
pre-tax, pre-provision income financial
"Pre-tax, Pre-provision Income 2 | | 493 | | 497 | | | | | |"
Pre-tax, pre-provision income is a measure of a financial firm's earnings before deducting taxes and the money it sets aside to cover potential loan losses. Think of it as the company’s operating profit before accounting for future bad debts and taxes; like a shop’s sales minus running costs but before any emergency savings for damaged goods. Investors use it to see core profitability and to compare operating performance across periods or firms without the noise of loan-loss reserves and tax effects.
FDIC special assessment financial
"Includes $1 million and $7 million of FDIC special assessment reversals for the three months ended March 31, 2026 and December 31, 2025, respectively."
A FDIC special assessment is a one-time or temporary charge the Federal Deposit Insurance Corporation can levy on insured banks to replenish the fund that protects depositors after unexpected losses. Think of it as an emergency invoice that raises a bank’s costs, which can reduce profits, eat into capital used for lending, and therefore matter to investors watching bank earnings, dividend capacity, and share price.
Net income $358 million +23% YoY
Diluted EPS $2.57 +23% YoY
Total revenue $774 million +12% YoY
Net interest income $671 million +12% YoY
Fee income $99 million +12% YoY
Understanding 8-K Material Events →
0001069157false00010691572026-04-212026-04-21


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)
April 21, 2026

EAST WEST BANCORP, INC.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of incorporation)

000-24939
(Commission File Number)

95-4703316
(IRS Employer Identification No.)

135 North Los Robles Ave., 7th Floor, Pasadena, California 91101
(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 classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.001 per shareEWBCThe Nasdaq Global Select Market

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 April 21, 2026, East West Bancorp, Inc. (the “Company”) announced its financial results for the quarter ended March 31, 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 April 21, 2026, the Company will hold a conference call to discuss its financial results for the quarter ended March 31, 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
99.1
Press Release, dated April 21, 2026.
99.2
Presentation Materials, dated April 21, 2026.
104Cover 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: April 21, 2026By:/s/ Christopher J. Del Moral-Niles 
Christopher J. Del Moral-Niles
  Executive Vice President and Chief Financial Officer



3


ewbc_logo-err011624a.jpg
East West Bancorp, Inc.
135 N. Los Robles Ave.
Pasadena, CA 91101
Tel. 626.768.6000
NEWS RELEASE

EAST WEST BANCORP REPORTS NET INCOME FOR FIRST QUARTER OF 2026 OF $358 MILLION AND DILUTED EARNINGS PER SHARE OF $2.57, BOTH UP 23% YEAR-OVER-YEAR,
DRIVEN BY RECORD LEVELS OF QUARTERLY FEE INCOME, LOANS AND DEPOSITS

Pasadena, California – April 21, 2026 – East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, reported first quarter 2026 net income of $358 million, or $2.57 per diluted share. Total loans and deposits both reached new records as of March 31, 2026, at $58.1 billion and $68.9 billion, respectively. Return on average assets was 1.79%, return on average common equity was 16.0%, and book value per share grew 14% year-over-year.

“East West reported record loans, deposits, and fee income in the first quarter, generating a 17% return on average tangible common equity1,” said Dominic Ng, Chairman and Chief Executive Officer. “Our balance sheet growth reflects the strength of our customer relationships and the success of the clients we serve. This performance was complemented by 12% year-over-year growth in fee income, driven by notable strength in wealth management and deposit account fees.”

“Credit performance remained resilient, with net charge-offs and nonperforming asset levels stable, while we bolstered our allowance for loan losses to 1.44% of loans,” Ng continued. “We continued to operate from a position of capital strength, which enabled us to support our customers with confidence while also returning capital to our shareholders. Looking ahead, we are well positioned to deliver top-tier shareholder returns through industry-leading profitability, strong balance sheet growth, and prudent risk management,” concluded Ng.

FINANCIAL HIGHLIGHTS

Three Months Ended
March 31, 2026 % Change
($ in millions, except per share data)March 31, 2026
Dec. 31, 2025
March 31, 2025
Qtr-o-Qtr
Yr-o-Yr
Total Revenue$774$758$6922 %12 %
Pre-tax, Pre-provision Income2
493497440(1)12 
Net Income358356290— 23 
Diluted Earnings per Share$2.57$2.55$2.081 23 
Book Value per Share$65.70$64.68$57.542 14 
Tangible Book Value per Share1
$62.27$61.27$54.132 %15 %
Return on Average Assets1.79%1.77%1.56%2 bps23 bps
Return on Average Common Equity16.04%16.11%14.96%-7 bps108 bps
Return on Average Tangible Common Equity1
16.92%17.03%15.92%-11 bps100 bps
Total Stockholders’ Equity to Assets Ratio10.86%11.06%10.41%-20 bps45 bps
Tangible Common Equity Ratio1
10.35%10.54%9.85%-19 bps50 bps
Total Assets$82,886$80,435$76,1653 %9 %
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 12.
2 Pre-tax, pre-provision income is a non-GAAP financial measure. See reconciliation of GAAP to non-GAAP financial measures in Table 11.


1

BALANCE SHEET

•Assets – Total assets were $82.9 billion as of March 31, 2026, an increase of $2.5 billion, or 3%, from $80.4 billion as of December 31, 2025. Year-over-year, total assets grew $6.7 billion, or 9%, from $76.2 billion as of March 31, 2025.

First quarter 2026 average interest-earning assets of $78.0 billion were up $1.3 billion, or 2%, from $76.6 billion in the fourth quarter, primarily reflecting a $1.4 billion increase in average total loans outstanding, while $0.4 billion of average securities growth was driven by a $0.5 billion decrease in average interest-bearing cash and deposits with banks.

•Loans – Total loans reached a record $58.1 billion as of March 31, 2026, an increase of $1.2 billion, or 2%, from $56.9 billion as of December 31, 2025. Year-over-year, total loans were up $3.9 billion, or 7%, from $54.3 billion as of March 31, 2025.

First quarter 2026 average total loans grew by $1.4 billion, or 3%, to $57.1 billion, from $55.6 billion in the fourth quarter of 2025.

•Deposits – Total deposits reached a record $68.9 billion as of March 31, 2026, an increase of $1.8 billion from $67.1 billion as of December 31, 2025, primarily reflecting growth in money market and noninterest-bearing demand deposits. Noninterest-bearing deposits made up 25% of total deposits as of March 31, 2026. Year-over-year, total deposits increased $5.9 billion, or 9%, from $63.1 billion as of March 31, 2025.

First quarter 2026 total average deposits of $67.5 billion increased $0.7 billion from the fourth quarter of 2025, primarily reflecting growth in average noninterest-bearing demand, money market, and checking deposits, partly offset by a decrease in average time deposits.

•Capital – As of March 31, 2026, stockholders’ equity was $9.0 billion, up 1% quarter-over-quarter. The total stockholders’ equity to assets ratio was 10.86% as of March 31, 2026, compared with 11.06% as of December 31, 2025.

Book value per share was $65.70 as of March 31, 2026, up $1.02, or 2% quarter-over-quarter. As of March 31, 2026, tangible book value per share3 was $62.27, up $1.00, or 2% 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 March 31, 2026, December 31, 2025, and March 31, 2025 are presented below.

EWBC Capital
($ in millions)
March 31, 2026 (a)
December 31, 2025
March 31, 2025
Risk-Weighted Assets (“RWA”) (b)
$58,559$57,760$55,366
Risk-based capital ratios:
Total capital ratio16.45%16.41%15.63%
CET1 capital ratio15.13%15.10%14.32%
Tier 1 capital ratio15.13%15.10%14.32%
Leverage ratio10.95%10.95%10.46%
Total stockholders’ equity to assets ratio10.86%11.06%10.41%
Tangible common equity ratio (c)
10.35%10.54%9.85%

(a)The Company’s March 31, 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 12.

3 Tangible book value per share is a non-GAAP financial measure. See reconciliation of GAAP to non-GAAP measures in Table 12.

2

OPERATING RESULTS

First Quarter Earnings – First quarter 2026 net income was $358 million, an increase of $2 million from the fourth quarter, and 23% from $290 million for the first quarter of 2025. First quarter 2026 diluted earnings per share (“EPS”) was $2.57, an increase of 1% from $2.55 per diluted share for the fourth quarter, and an increase of 23% from $2.08 per diluted share for the year-ago quarter.

First Quarter 2026 Compared to Fourth and First Quarter 2025

Net Interest Income and Net Interest Margin

Net interest income totaled $671 million in the first quarter, an increase of $13 million, or 2%, from $658 million in the prior quarter and $71 million, or 12% from the first quarter of 2025. Net interest margin was 3.49%, an increase of 8 basis points from the prior quarter and 14 basis points from the year-ago quarter.
•The average loan yield was 6.11%, down 9 basis points from the prior quarter. The average interest-earning asset yield was 5.49%, down 6 basis points from the prior quarter.
•The average cost of interest-bearing deposits was 2.84%, a 21 basis point decrease from the prior quarter. The average cost of funds was 2.21%, down 16 basis points from the prior quarter.

Noninterest Income

Noninterest income totaled a record $103 million in the first quarter, an increase of $2 million, or 2% from the fourth quarter and $10 million, or 11% from the first quarter of 2025. Record fee income4 of $99 million increased $12 million, or 13% from $87 million in the prior quarter and $11 million, or 12% from the first quarter of 2025.

•Wealth management fees, customer derivative income, commercial and consumer deposit-related fees, and foreign exchange income increased a combined $14 million in the first quarter, reflecting higher customer activity.
•Lending and loan servicing fees decreased $2 million in the first quarter, primarily due to lower syndication fees.
•Other income decreased $6 million quarter-over-quarter, primarily reflecting valuation adjustments on loans held-for-sale.
•Other investment income decreased $4 million quarter-over-quarter, primarily due to recoveries related to the Company’s investment in DC Solar in the prior quarter.

Noninterest Expense

Total noninterest expense was $280 million in the first quarter, which included $22 million of amortization for tax credit and Community Reinvestment Act investments. Total operating noninterest expense was $258 million, an increase of $14 million from the fourth quarter and $22 million, or 9%, from the first quarter of 2025.

•Compensation and employee benefits were $173 million, an increase of $21 million, reflecting seasonal factors, stock-based compensation associated with long-term incentive programs, and higher incentive compensation.
•Deposit insurance premiums and regulatory assessments were $9 million, an increase of $5 million quarter-over-quarter, reflecting a higher FDIC special assessment reversal in the prior quarter.
•Other operating expense was $37 million, a decrease of $5 million, primarily reflecting lower legal and professional expenses.
•Other real estate owned (“OREO”) expense decreased $7 million in the first quarter.
•The efficiency ratio was 36.2% in the first quarter, compared with 34.5% in the prior quarter.

TAX RELATED ITEMS

First quarter 2026 income tax expense was $100 million and the effective tax rate was 21.8%, compared with income tax expense of $111 million and 23.7% in the fourth quarter of 2025, primarily due to discrete tax benefits related to stock-based compensation in the first 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 March 31, 2026, the credit quality of our loan portfolio remained stable.
•First quarter 2026 net charge-offs were $12 million, or annualized 0.09% of average loans held-for-investment (“HFI”), compared with $12 million, or annualized 0.08% of average loans HFI, for the fourth quarter of 2025.
•The nonperforming assets ratio was 0.26% of total assets as of March 31, 2026, unchanged from the prior quarter. Nonperforming assets increased $8 million to $216 million as of March 31, 2026, from $208 million as of December 31, 2025.
•The allowance for loan losses increased to $836 million, or 1.44% of loans HFI, as of March 31, 2026, compared with $810 million, or 1.42% of loans HFI, as of December 31, 2025, driven by loan growth and a change in portfolio mix.
•First quarter 2026 provision for credit losses was $36 million, compared with $30 million in the fourth quarter of 2025.

DIVIDEND PAYOUT AND CAPITAL ACTIONS

East West’s Board of Directors has declared the second quarter 2026 dividend for the Company’s common stock. The common stock cash dividend of $0.80 per share is payable on May 18, 2026 to shareholders of record as of May 4, 2026.

East West repurchased approximately 938,000 shares of common stock during the first quarter of 2026 for $98 million. $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 $82.9 billion as of March 31, 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 first quarter 2026 earnings with the public on Tuesday, April 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 first 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: adrienne.atkinson@eastwestbank.comE: angie.tang@eastwestbank.com







4

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 United States (“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; 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   
March 31, 2026
% or Basis Point Change
 March 31, 2026December 31, 2025March 31, 2025Qtr-o-QtrYr-o-Yr
Assets   
Cash and cash equivalents, and deposits with banks
$4,449,368$4,204,328$3,481,0725.8 %27.8 %
 Securities purchased under resale agreements (“resale agreements”)425,000425,000425,000— — 
 
Available-for-sale (“AFS”) debt securities (amortized cost of $14,546,038, $13,619,781 and $12,962,469)
14,093,48313,212,22012,384,9126.7 13.8 
Held-to-maturity (“HTM”) debt securities, at amortized cost (fair value of $2,453,003, $2,479,746 and $2,435,292)
2,858,9782,870,0582,905,341(0.4)(1.6)
Total cash, resale agreements and debt securities21,826,82920,711,60619,196,3255.4 13.7 
 Loans held-for-sale (“HFS”)27,58520,976—31.5 100.0 
 
Loans held-for-investment (“HFI”) (net of allowance for loan losses of $835,874, $809,773 and $734,856)
57,264,87556,068,39953,517,8782.1 7.0 
Affordable housing partnership, tax credit and Community Reinvestment Act (“CRA”) investments, net983,976969,492930,0581.5 5.8 
 Goodwill465,697465,697465,697— — 
Operating lease right-of-use assets134,129125,40780,2397.0 67.2 
 Other assets 2,183,0612,073,4201,974,8165.3 10.5 
 Total assets $82,886,152$80,434,997$76,165,0133.0 %8.8 %
Liabilities and Stockholders’ Equity   
 Deposits$68,919,555$67,082,701$63,052,1052.7 %9.3 %
Federal Home Loan Bank (“FHLB”) advances3,000,0003,000,0003,500,000 — (14.3)
Securities sold under repurchase agreements (“repurchase agreements”)
494,027—270,111100.0 82.9 
 Long-term debt and finance lease liabilities35,54535,64535,880(0.3)(0.9)
Operating lease liabilities 148,731138,20687,1577.6 70.6 
 Accrued expenses and other liabilities1,288,8591,279,2431,290,2950.8 (0.1)
 Total liabilities73,886,71771,535,79568,235,5483.3 8.3 
 Stockholders’ equity8,999,4358,899,2027,929,4651.1 13.5 
 Total liabilities and stockholders’ equity $82,886,152$80,434,997$76,165,0133.0 %8.8 %
Total cash, resale agreements and debt securities/total assets
26.33%25.75%25.20%58 bps113 bps
Total stockholders’ equity to assets ratio10.86%11.06%10.41%(20)45 
Tangible common equity (“TCE”) ratio (1)
10.35%10.54%9.85%(19)bps50 bps
Book value per share $65.70$64.68$57.541.6 %14.2 %
Tangible book value (1) per share
$62.27$61.27$54.131.6 15.0 
Number of common shares at period-end136,979137,579137,802(0.4)%(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 12.
6

EAST WEST BANCORP, INC. AND SUBSIDIARIES
TOTAL LOANS AND DEPOSITS DETAIL
($ in thousands)
(unaudited)
Table 2
March 31, 2026
% Change
  March 31, 2026December 31, 2025March 31, 2025Qtr-o-QtrYr-o-Yr
Loans:   
Commercial:
Commercial and industrial (“C&I”)$19,550,953 $18,650,755 $17,460,744 4.8 %12.0 %
Commercial real estate (“CRE”):
 CRE15,491,057 15,407,088 14,868,361 0.5 4.2 
 Multifamily residential5,129,247 5,112,328 5,007,969 0.3 2.4 
 Construction and land811,999 742,357 653,630 9.4 24.2 
Total CRE21,432,303 21,261,773 20,529,960 0.8 4.4 
Consumer:
Residential mortgage:
 Single-family residential15,119,709 15,002,549 14,383,562 0.8 5.1 
 Home equity lines of credit (“HELOCs”)1,945,867 1,911,897 1,827,837 1.8 6.5 
Total residential mortgage17,065,576 16,914,446 16,211,399 0.9 5.3 
Other consumer51,917 51,198 50,631 1.4 2.5 
Total loans HFI (1)
58,100,749 

56,878,172 

54,252,734 2.1 7.1 
Loans HFS27,585 20,976 — 31.5 100.0 
 
Total loans (1)
58,128,334 56,899,148 54,252,734 2.2 7.1 
Allowance for loan and lease losses (“ALLL”)
(835,874)(809,773)(734,856)3.2 13.7 
 
Net loans (1)
$57,292,460 $56,089,375 $53,517,878 2.1 %7.1 %
Deposits by product:
   
 Noninterest-bearing demand$17,480,959 $16,697,099 $15,169,775 4.7 %15.2 %
 Interest-bearing checking8,069,468 7,989,255 7,591,847 1.0 6.3 
 Money market16,226,097 15,439,729 14,885,732 5.1 9.0 
 Savings1,731,547 1,671,804 1,740,044 3.6 (0.5)
 Time deposits25,411,484 25,284,814 23,664,707 0.5 7.4 
 Total deposits$68,919,555 $67,082,701 $63,052,105 2.7 %9.3 %
Deposits by segment/region:
Consumer and Business Banking - U.S. (2)
$35,847,814 $34,494,368 $33,023,738 3.9 %8.6 %
Commercial Banking - U.S. (2)
24,829,606 24,115,647 22,569,920 3.0 10.0 
International Branches (3)
3,906,121 3,875,631 3,524,223 0.8 10.8 
Treasury and Other - U.S. (4)
4,336,014 4,597,055 3,934,224 (5.7)10.2 
Total deposits$68,919,555 $67,082,701 $63,052,105 2.7 %9.3 %
Loan-to-deposit ratio
84.34 %84.82 %86.04 %(48)bps(170)
bps
(1)Includes $17 million, $26 million and $36 million of net deferred loan fees and net unamortized premiums as of March 31, 2026, December 31, 2025 and March 31, 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
March 31, 2026
% Change
March 31, 2026December 31, 2025March 31, 2025Qtr-o-QtrYr-o-Yr
Interest and dividend income$1,055,510 $1,072,863 $1,031,802 (1.6)%2.3%
Interest expense384,317 415,039 431,601 (7.4)(11.0)
Net interest income before provision for credit losses671,193 657,824 600,201 2.011.8
Provision for credit losses36,000 30,000 49,000 20.0(26.5)
Net interest income after provision for credit losses635,193 627,824 551,201 1.2%15.2%
Noninterest income:
Commercial and consumer deposit-related fees
30,619 29,495 27,075 3.813.1
 Lending and loan servicing fees26,070 28,567 26,230 (8.7)(0.6)
 Foreign exchange income15,447 14,862 15,837 3.9(2.5)
 Wealth management fees22,260 11,034 13,679 101.762.7
Customer derivative income
4,595 3,427 5,539 34.1(17.0)
Total fee income98,991 87,385 88,360 13.312.0
Derivative mark-to-market and credit valuation adjustments
934 1,035 (1,470)(9.8)NM
 Net gains on AFS debt securities616 29 131 NM370.2
Other investment income (1)
2,956 7,223 2,262 (59.1)30.7
Other (loss) income
(941)4,758 2,819 NMNM
Total noninterest income102,556 100,430 92,102 2.1%11.4%
Noninterest expense:  
 
Compensation and employee benefits (2)
172,665 151,892 146,435 13.7%17.9%
 Occupancy and equipment expense18,248 17,181 15,689 6.216.3
Computer and software related expenses14,747 15,028 13,314 (1.9)10.8
Deposit insurance premiums and regulatory assessments (3)
8,859 3,563 10,385 148.6(14.7)
Deposit account expense7,533 7,977 9,042 (5.6)(16.7)
Other real estate owned (“OREO”) (income) expense
(264)7,114 4,166 NMNM
 
Other operating expense (1)
36,542 41,426 37,375 (11.8)(2.2)
Total operating noninterest expense
258,330 244,181 236,406 5.89.3
Amortization of tax credit and CRA investments (1)
21,984 17,124 15,742 28.439.7
Total noninterest expense280,314 261,305 252,148 7.311.2
Income before income taxes 457,435 466,949 391,155 (2.0)16.9
Income tax expense99,639 110,678 100,885 (10.0)(1.2)
Net income $357,796 $356,271 $290,270 0.4%23.3%
Earnings per share (“EPS”)   
- Basic$2.59 $2.58 $2.10 0.6%23.4%
- Diluted $2.57 $2.55 $2.08 0.723.4
Weighted-average number of shares outstanding
- Basic138,054 138,302 138,201 (0.2)%(0.1)%
- Diluted 138,919 139,102 139,291 (0.1)(0.3)
NM - Not meaningful.
(1)Includes DC Solar recoveries of $3 million in Other investment income and $700 thousand in Other operating expense for the three months ended December 31, 2025. Includes $1 million of DC Solar recoveries in Amortization of tax credit and CRA investments for the three months ended December 31, 2025.
(2)Includes $6 million and $4 million of additional compensation expense from the change in equity award expense recognition for retirement eligible employees for the three months ended March 31, 2026 and December 31, 2025, respectively.
(3)Includes $1 million and $7 million of FDIC special assessment reversals for the three months ended March 31, 2026 and December 31, 2025, respectively. Includes $833 thousand of FDIC special assessment charges for the three months ended March 31, 2025.

8

EAST WEST BANCORP, INC. AND SUBSIDIARIES
SELECTED AVERAGE BALANCES
($ in thousands)
(unaudited)
Table 4
Three Months Ended
March 31, 2026
% Change
  March 31, 2026December 31, 2025March 31, 2025Qtr-o-QtrYr-o-Yr
Loans:   
Commercial:
 C&I$18,752,867 $17,747,561 $16,865,399 5.7%11.2%
CRE:
 CRE15,424,498 15,299,691 14,731,881 0.84.7
 Multifamily residential5,131,257 5,053,711 4,965,448 1.53.3
 Construction and land766,414 742,191 675,686 3.313.4
Total CRE21,322,169 21,095,593 20,373,015 1.14.7
Consumer:
Residential mortgage:
 Single-family residential15,013,979 14,873,723 14,238,697 0.95.4
 HELOCs1,914,101 1,876,303 1,811,022 2.05.7
Total residential mortgage16,928,080 16,750,026 16,049,719 1.15.5
Other consumer51,533 47,216 49,578 9.13.9
 
Total loans (1)
$57,054,649 $55,640,396 $53,337,711 2.5%7.0%
Interest-earning assets$77,967,079 $76,643,821 $72,690,586 1.7%7.3%
Total assets$81,080,258 $79,741,088 $75,624,952 1.7%7.2%
Deposits:   
Noninterest-bearing demand$16,877,461 $16,392,284 $15,104,028 3.0%11.7%
Interest-bearing checking7,652,611 7,497,730 7,749,665 2.1(1.3)
Money market16,203,527 15,992,899 14,833,615 1.39.2
Savings1,701,913 1,675,200 1,752,946 1.6(2.9)
Time deposits25,112,122 25,273,335 23,197,328 (0.6)8.3
Total deposits$67,547,634 $66,831,448 $62,637,582 1.1%7.8%
(1)Includes loans HFS.

9

EAST WEST BANCORP, INC. AND SUBSIDIARIES
QUARTER-TO-DATE AVERAGE BALANCES, YIELDS AND RATES
($ in thousands)
(unaudited)
Table 5
  Three Months Ended
  March 31, 2026December 31, 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$3,865,615 $29,851 3.13%$4,357,892 $37,839 3.44%
 Resale agreements425,000 1,625 1.55%425,000 1,625 1.52%
Debt securities:
 AFS13,609,231 148,164 4.42%13,196,788 149,608 4.50%
HTM2,861,401 12,014 1.70%2,873,386 12,195 1.68%
Total debt securities16,470,632 160,178 3.94%16,070,174 161,803 3.99%
Loans:
C&I18,752,867 297,315 6.43%17,747,561 299,013 6.68%
CRE21,322,169 315,923 6.01%21,095,593 322,936 6.07%
Residential mortgage16,928,080 244,884 5.87%16,750,026 246,404 5.84%
Other consumer51,533 756 5.95%47,216 683 5.74%
 
Total loans (2)
57,054,649 858,878 6.11%55,640,396 869,036 6.20%
 FHLB and FRB stock151,183 4,978 13.35%150,359 2,560 6.75%
 Total interest-earning assets$77,967,079 $1,055,510 5.49%$76,643,821 $1,072,863 5.55%
Noninterest-earning assets:      
 Cash and due from banks450,219 439,881   
 
Allowance for loan, lease and securities’ losses
(836,828)(800,633)  
 Other assets 3,499,788 3,458,019   
 Total assets$81,080,258   $79,741,088   
Liabilities and Stockholders’ Equity     
Interest-bearing liabilities:      
 Checking deposits $7,652,611 $39,445 2.09%$7,497,730 $41,613 2.20%
 Money market deposits16,203,527 104,878 2.62%15,992,899 114,245 2.83%
 Savings deposits1,701,913 3,010 0.72%1,675,200 3,019 0.71%
 Time deposits25,112,122 208,079 3.36%25,273,335 228,446 3.59%
Total interest-bearing deposits
50,670,173 355,412 2.84%50,439,164 387,323 3.05%
 
Short-term borrowings and federal funds purchased
567 4 2.86%1,391 12 3.42%
 FHLB advances2,577,223 25,004 3.93%2,508,153 26,553 4.20%
Repurchase agreements
350,075 3,290 3.81%45,974 505 4.36%
 Long-term debt and finance lease liabilities35,566 607 6.92%35,663 646 7.19%
 Total interest-bearing liabilities$53,633,604 $384,317 2.91%$53,030,345 $415,039 3.11%
Noninterest-bearing liabilities and stockholders’ equity:    
 Demand deposits16,877,461 16,392,284 
 Accrued expenses and other liabilities1,521,820 1,544,144 
 Stockholders’ equity 9,047,373 8,774,315 
 Total liabilities and stockholders’ equity $81,080,258 $79,741,088 
Total deposits
$67,547,634 $355,412 2.13%$66,831,448 $387,323 2.30%
Interest rate spread 2.58%2.44%
Net interest income and net interest margin $671,193 3.49%$657,824 3.41%
(1)Annualized.
(2)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
March 31, 2026March 31, 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$3,865,615 $29,851 3.13%$4,087,664 $39,137 3.88%
 
Resale agreements
425,000 1,625 1.55%425,000 1,610 1.54%
Debt securities:
 AFS13,609,231 148,164 4.42%11,766,446 135,519 4.67%
HTM2,861,401 12,014 1.70%2,908,402 12,265 1.71%
Total debt securities16,470,632 160,178 3.94%14,674,848 147,784 4.08%
Loans:
C&I18,752,867 297,315 6.43%16,865,399 293,414 7.06%
CRE21,322,169 315,923 6.01%20,373,015 311,386 6.20%
Residential mortgage16,928,080 244,884 5.87%16,049,719 234,891 5.94%
Other consumer51,533 756 5.95%49,578 721 5.90%
 
Total loans (2)
57,054,649 858,878 6.11%53,337,711 840,412 6.39%
 FHLB and FRB stock151,183 4,978 13.35%165,363 2,859 7.01%
 Total interest-earning assets$77,967,079 $1,055,510 5.49%$72,690,586 $1,031,802 5.76%
Noninterest-earning assets:      
 Cash and due from banks450,219 373,827   
 
Allowance for loan, lease and securities’ losses
(836,828)(716,255)  
 Other assets 3,499,788 3,276,794   
 Total assets$81,080,258   $75,624,952   
Liabilities and Stockholders’ Equity     
Interest-bearing liabilities:      
 Checking deposits $7,652,611 $39,445 2.09%$7,749,665 $47,911 2.51%
 Money market deposits 16,203,527 104,878 2.62%14,833,615 116,018 3.17%
 Savings deposits 1,701,913 3,010 0.72%1,752,946 3,447 0.80%
 Time deposits 25,112,122 208,079 3.36%23,197,328 224,605 3.93%
Total interest-bearing deposits
50,670,173 355,412 2.84%47,533,554 391,981 3.34%
 Short-term borrowings and federal funds purchased567 4 2.86%428 6 5.69%
 FHLB advances2,577,223 25,004 3.93%3,500,001 38,866 4.50%
Repurchase agreements350,075 3,290 3.81%6,684 77 4.67%
 Long-term debt and finance lease liabilities35,566 607 6.92%35,919 671 7.58%
 Total interest-bearing liabilities$53,633,604 $384,317 2.91%$51,076,586 $431,601 3.43%
Noninterest-bearing liabilities and stockholders’ equity:     
 Demand deposits 16,877,461 15,104,028 
 Accrued expenses and other liabilities1,521,820 1,575,264 
 Stockholders’ equity 9,047,373 7,869,074 
 Total liabilities and stockholders’ equity $81,080,258 $75,624,952 
Total deposits
$67,547,634 $355,412 2.13%$62,637,582 $391,981 2.54%
Interest rate spread 2.58%2.33%
Net interest income and net interest margin $671,193 3.49%$600,201 3.35%
(1)Annualized.
(2)Includes loans HFS.

11

EAST WEST BANCORP, INC. AND SUBSIDIARIES
SELECTED RATIOS
(unaudited)
Table 7
Three Months Ended (1)
March 31, 2026
Basis Point Change
  March 31, 2026December 31, 2025March 31, 2025Qtr-o-QtrYr-o-Yr
 Return on average assets1.79%1.77%1.56%2 bps23 bps
Adjusted return on average assets (2)
1.79%1.73%1.56%6 23 
 Return on average common equity 16.04%16.11%14.96%(7)108 
Adjusted return on average common equity (2)
16.01%15.72%14.99%29 102 
Return on average TCE (3)
16.92%17.03%15.92%(11)100 
Adjusted return on average TCE (3)
16.89%16.62%15.96%27 93 
 Interest rate spread2.58%2.44%2.33%14 25 
 Net interest margin3.49%3.41%3.35%8 14 
Average loan yield6.11%6.20%6.39%(9)(28)
 Yield on average interest-earning assets5.49%5.55%5.76%(6)(27)
Average cost of interest-bearing deposits2.84%3.05%3.34%(21)(50)
 Average cost of deposits2.13%2.30%2.54%(17)(41)
 Average cost of funds2.21%2.37%2.64%(16)(43)
Operating noninterest expense/average assets1.29%1.21%1.27%8 2 
Efficiency ratio36.23%34.46%36.42%177 (19)
Adjusted efficiency ratio (4)
36.36%35.74%36.30%62 6 
Efficiency ratio (fully taxable equivalent) (“FTE”) (4)
36.17%34.42%36.36%175 (19)
Adjusted efficiency ratio (FTE) (4)
36.30%35.70%36.24%60 6 
Effective tax rate21.78%23.70%25.79%(192)
bps
(401)
bps
(1)Annualized except for efficiency ratio and effective tax rate.
(2)Adjusted return on average assets and adjusted return on average common equity are non-GAAP financial measures. See reconciliation of GAAP to non-GAAP financial measures in Table 10.
(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 12.
(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 11.
12

EAST WEST BANCORP, INC. AND SUBSIDIARIES
ALLOWANCE FOR CREDIT LOSSES
($ in thousands)
(unaudited)
Table 8
Three Months Ended March 31, 2026
CommercialConsumer
CREResidential Mortgage
($ in thousands)C&ICREMultifamily ResidentialConstruction and LandSingle-Family ResidentialHELOCsOther ConsumerTotal
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 recoveries7,918 453 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 adjustment346 — — — — — — 346 
ALLL, March 31, 2026
$483,384 $231,802 $39,446 $17,170 $56,883 $5,899 $1,290 $835,874 


Three Months Ended December 31, 2025
CommercialConsumer
CREResidential Mortgage
($ in thousands)C&ICREMultifamily ResidentialConstruction and LandSingle-Family ResidentialHELOCsOther ConsumerTotal
ALLL, September 30, 2025
$441,538 $227,167 $35,187 $18,530 $60,876 $6,113 $1,109 $790,520 
Provision for (reversal of) credit losses on loans(a)43,968 (3,839)1,358 (3,065)(7,611)(306)293 30,798 
Gross charge-offs(10,532)(1,989)(1)— (48)(6)(26)(12,602)
Gross recoveries417 155 11 3 246 3 — 835 
Total net (charge-offs) recoveries(10,115)(1,834)10 3 198 (3)(26)(11,767)
Foreign currency translation adjustment222 — — — — — — 222 
ALLL, December 31, 2025
$475,613 $221,494 $36,555 $15,468 $53,463 $5,804 $1,376 $809,773 


Three Months Ended March 31, 2025
CommercialConsumer
CREResidential Mortgage
($ in thousands)C&ICREMultifamily ResidentialConstruction and LandSingle-Family ResidentialHELOCsOther ConsumerTotal
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)36,370 8,105 201 (305)2,072 1,739 (120)48,062 
Gross charge-offs(988)(13,937)(4)(1,996)(9)— (49)(16,983)
Gross recoveries1,564 54 10 3 50 8 13 1,702 
Total net recoveries (charge-offs)576 (13,883)6 (1,993)41 8 (36)(15,281)
Foreign currency translation adjustment23 — — — — — — 23 
ALLL, March 31, 2025
$421,288 $212,899 $32,324 $15,199 $46,929 $4,879 $1,338 $734,856 
13




EAST WEST BANCORP, INC. AND SUBSIDIARIES
ALLOWANCE FOR LOAN LOSSES & OFF-BALANCE-SHEET CREDIT EXPOSURES
($ in thousands)
(unaudited)
Table 8 (continued)
Three Months Ended
($ in thousands)March 31, 2026December 31, 2025March 31, 2025
Unfunded Credit Facilities
Allowance for unfunded credit commitments, beginning of period (1)
$48,690 $48,390 $39,526 
(Reversal of) provision for credit losses on unfunded credit commitments
(b)(1,682)302 938 
Foreign currency translation adjustment(3)(2)— 
Allowance for unfunded credit commitments, end of period (1)
$47,005 $48,690 $40,464 
Provision for credit losses:
Provision for credit losses on loans and unfunded credit commitments
(a)+(b)$36,192 $31,100 $49,000 
Reversal of credit losses on AFS debt securities
(c)(192)(1,100)— 
Total provision for credit losses
(a)+(b)+(c)$36,000 $30,000 $49,000 
(1)Included in Accrued expenses and other liabilities on the Condensed Consolidated Balance Sheet.

14

EAST WEST BANCORP, INC. AND SUBSIDIARIES
CRITICIZED LOANS, NONPERFORMING ASSETS, CREDIT QUALITY RATIOS AND
COMPOSITION OF ALLOWANCE BY PORTFOLIO
($ in thousands)
(unaudited)
Table 9
Criticized LoansMarch 31, 2026December 31, 2025March 31, 2025
Special mention loans$316,230 $344,876 $494,444 
Classified loans913,386 796,273 750,570 
Total criticized loans (1)
$1,229,616 $1,141,149 $1,245,014 
(1)Excludes loans HFS.

Nonperforming Assets
March 31, 2026December 31, 2025March 31, 2025
Nonaccrual loans:
Commercial:
C&I$61,063 $52,244 $75,579 
Total CRE56,104 66,648 10,108 
Consumer:
Total residential mortgage63,452 46,808 67,416 
Other consumer29 142 97 
Total nonaccrual loans180,648 165,842 153,200 
OREO, net
14,917 21,183 29,003 
Nonperforming loans HFS20,759 20,976 — 
Total nonperforming assets$216,324 $208,001 $182,203 
Credit Quality RatiosMarch 31, 2026December 31, 2025March 31, 2025
Annualized quarterly net charge-offs to average loans HFI 0.09 %0.08 %0.12 %
Special mention loans to loans HFI0.54 %0.61 %0.91 %
Classified loans to loans HFI1.57 %1.40 %1.38 %
Criticized loans to loans HFI2.12 %2.01 %2.29 %
Nonperforming assets to total assets0.26 %0.26 %0.24 %
Nonaccrual loans to loans HFI0.31 %0.29 %0.28 %
ALLL to loans HFI
1.44 %1.42 %1.35 %

Composition of ALLL by Portfolio
March 31, 2026December 31, 2025March 31, 2025
Loan CategoryALLLALLL/
Loans HFI		ALLLALLL/
Loans HFI		ALLLALLL/
Loans HFI
C&I$483,384 2.47 %$475,613 2.55 %$421,288 2.41 %
Total CRE288,418 1.35 273,517 1.29 260,422 1.27 
Multifamily39,446 0.77 36,555 0.72 32,324 0.65 
Office65,546 2.87 62,091 2.78 62,265 2.90 
All other CRE183,426 1.31 174,871 1.26 165,833 1.24 
Residential mortgage & consumer64,072 0.37 60,643 0.36 53,146 0.33 
Total loans$835,874 1.44 %$809,773 1.42 %$734,856 1.35 %

15

EAST WEST BANCORP, INC. AND SUBSIDIARIES
GAAP TO NON-GAAP RECONCILIATION
($ in thousands)
(unaudited)
Table 10
Adjusted net income and adjusted diluted EPS represent net income and diluted EPS adjusted for the tax-effected impacts of the FDIC special assessment and DC Solar adjustments. 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/charges are included in Deposit insurance premiums and regulatory assessments on the Condensed Consolidated Statement of Income.
•Recoveries related to the Company’s investment in DC Solar are included in Amortization of tax credit and CRA investments, Other investment income (as applicable) and Other operating expense (as applicable) on the Condensed Consolidated Statement of Income.

Three Months Ended
March 31, 2026December 31, 2025March 31, 2025
Net income(a)$357,796 $356,271 $290,270 
Less/Add: FDIC special assessment (reversal) charge (b)(1,015)(6,874)833 
Less: DC Solar recoveries(b)— (4,997)— 
Tax effects of adjustments (1)
(b)284 3,326 (248)
Adjusted net income(c)=(a)+∑(b)$357,065 $347,726 $290,855 
Diluted weighted-average number of shares outstanding(d)138,919 139,102 139,291 
Diluted EPS(e)$2.57 $2.55 $2.08 
Less/Add: FDIC special assessment (reversal) charge(f)— (0.05)0.01 
Less: DC Solar recoveries(f)— (0.03)— 
Tax effects of adjustments (1)
(f)— 0.03 — 
Adjusted diluted EPS(g)=(e)+∑(f)$2.57 $2.50 $2.09 
Average total assets(h)$81,080,258 $79,741,088 $75,624,952 
Average stockholders’ equity(i)$9,047,373 $8,774,315 $7,869,074 
Return on average assets (2)
(a)/(h)1.79%1.77%1.56%
Adjusted return on average assets (2)
(c)/(h)1.79%1.73%1.56%
Return on average common equity (2)
(a)/(i)16.04%16.11%14.96%
Adjusted return on average common equity (2)
(c)/(i)16.01%15.72%14.99%
(1)Applied statutory tax rate of 28.02% for the three months ended March 31, 2026 and December 31, 2025. Applied statutory tax rate of 29.73% for the three months ended March 31, 2025.
(2)Annualized.
16

EAST WEST BANCORP, INC. AND SUBSIDIARIES
GAAP TO NON-GAAP RECONCILIATION
($ in thousands)
(unaudited)
Table 11
The Company uses certain non-GAAP financial measures to provide supplemental information regarding the Company’s performance. Non-GAAP measures used consist of FTE net interest income and total revenue. The FTE adjustment relates to tax exempt interest on certain investment securities and loans. Adjusted total revenue and adjusted total revenue (FTE) reflect the DC Solar recoveries (as applicable). Adjusted noninterest expense reflects the FDIC special assessment and DC Solar recoveries.

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 adjusted total revenue (FTE) less adjusted noninterest expense.
Three Months Ended
March 31, 2026December 31, 2025March 31, 2025
Net interest income before provision for credit losses(a)$671,193 $657,824 $600,201 
FTE adjustment(b)1,250 830 1,146 
FTE net interest income before provision for credit losses(c)=(a)+(b)672,443 658,654 601,347 
Total noninterest income(d)102,556 100,430 92,102 
Total revenue(e)=(a)+(d)773,749 758,254 692,303 
Total revenue (FTE)(f)=(c)+(d)$774,999 $759,084 $693,449 
Less: DC Solar recoveries (1)
(g)— (3,337)— 
Adjusted total revenue(h)=(e)+(g)773,749 754,917 692,303 
Adjusted total revenue (FTE)(i)=(f)+(g)$774,999 $755,747 $693,449 
Total noninterest expense(j)$280,314 $261,305 $252,148 
Add/less: FDIC special assessment reversal (charge)(k)1,015 6,874 (833)
Add: DC Solar recoveries (2)
(k)— 1,660 — 
Adjusted noninterest expense(l)=(j)+∑(k)$281,329 $269,839 $251,315 
Efficiency ratio(j)/(e)36.23 %34.46 %36.42 %
Adjusted efficiency ratio(l)/(h)36.36 %35.74 %36.30 %
Efficiency ratio (FTE)(j)/(f)36.17 %34.42 %36.36 %
Adjusted efficiency ratio (FTE)(l)/(i)36.30 %35.70 %36.24 %
Pre-tax, pre-provision income (“PTPP”)(e)-(j)$493,435 $496,949 $440,155 
PTPP (FTE)(f)-(j)$494,685 $497,779 $441,301 
Adjusted PTPP (FTE)(i)-(l)$493,670 $485,908 $442,134 
(1)Included in Other investment income for the three months ended December 31, 2025.
(2)Amounts were included in Amortization of tax credit and CRA investments, except for $700 thousand which was included in Other operating expense for the three months ended December 31, 2025.


17

EAST WEST BANCORP, INC. AND SUBSIDIARIES
GAAP TO NON-GAAP RECONCILIATION
($ in thousands)
(unaudited)
Table 12   
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.
 March 31, 2026December 31, 2025March 31, 2025
Common stock
$171 $170 $170 
Additional paid-in capital
2,131,219 2,111,316 2,043,898 
Retained earnings
8,547,820 8,301,522 7,517,711 
Treasury stock
(1,291,555)(1,168,196)(1,137,299)
Accumulated other comprehensive income:
AFS debt securities net unrealized losses(383,753)(353,233)(482,175)
Cash flow hedges net unrealized gains12,034 28,209 10,493 
Foreign currency translation adjustments(16,501)(20,586)(23,333)
Total accumulated other comprehensive loss(388,220)(345,610)(495,015)
Stockholders’ equity (a)$8,999,435 $8,899,202 $7,929,465 
Less: Goodwill(465,697)(465,697)(465,697)
Mortgage servicing assets(3,978)(4,119)(4,940)
Tangible book value(b)$8,529,760 $8,429,386 $7,458,828 
Number of common shares at period-end(c)136,979 137,579 137,802 
Book value per share(a)/(c)$65.70 $64.68 $57.54 
Tangible book value per share (b)/(c)$62.27 $61.27 $54.13 
Total assets(d)$82,886,152 $80,434,997 $76,165,013 
Less: Goodwill(465,697)(465,697)(465,697)
Mortgage servicing assets(3,978)(4,119)(4,940)
Tangible assets (e)$82,416,477 $79,965,181 $75,694,376 
Total stockholders’ equity to assets ratio(a)/(d)10.86%11.06%10.41%
TCE ratio (b)/(e)10.35%10.54%9.85%

18

EAST WEST BANCORP, INC. AND SUBSIDIARIES
GAAP TO NON-GAAP RECONCILIATION
($ in thousands)
(unaudited)
Table 12 (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 and DC Solar adjustments. 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, 2026December 31, 2025March 31, 2025
Net income
(f)
$357,796 $356,271 $290,270 
Add: Amortization of mortgage servicing assets149 249 293 
Tax effect of amortization adjustment (1)
(42)(70)(87)
Tangible net income(g)$357,903 $356,450 $290,476 
Less/Add: FDIC special assessment (reversal) charge
(1,015)(6,874)833 
Less: DC Solar recoveries— (4,997)— 
Tax effects of adjustments (1)
284 3,326 (248)
Adjusted tangible net income
(h)
$357,172 $347,905 $291,061 
Average stockholders’ equity
(i)
$9,047,373 $8,774,315 $7,869,074 
Less: Average goodwill(465,697)(465,697)(465,697)
Average mortgage servicing assets(4,025)(4,270)(5,120)
Average tangible book value
(j)
$8,577,651 $8,304,348 $7,398,257 
Return on average common equity (2)
(f)/(i)16.04%16.11%14.96%
Return on average TCE (2)
(g)/(j)16.92%17.03%15.92%
Adjusted return on average TCE (2)
(h)/(j)16.89%16.62%15.96%
(1)Applied statutory tax rate of 28.02% for the three months ended March 31, 2026 and December 31, 2025. Applied statutory tax rate of 29.73% for the three months ended March 31, 2025.
(2)Annualized.
19
1Q 26 EWBC NasdaqListed East West Bancorp, Inc. 1Q Earnings Presentation April 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 1Q26 Financial Highlights 1Q26 net income of $358 million or $2.57 diluted quarterly earnings per share; up 23% Y-o-Y ▪ Grew EOP deposits 9% Y-o-Y − Strong growth from consumer and commercial customers; noninterest- bearing demand up 15% Y-o-Y ▪ Grew EOP loans 7% Y-o-Y − Notable growth in capital call line utilization ▪ NII of $671mm, up 12%Y-o-Y ▪ Record fee income of $99mm, up 12% Y-o-Y − Continued strength in wealth management and deposit account fees ▪ 1Q26 efficiency ratio of 36.2% ▪ Stable net charge-offs at $12mm ▪ Stable nonperforming assets at 26bps ▪ Provision for credit losses of $36mm ▪ Bolstered ALLL 2bps to 1.44%, reflecting loan growth and a change in portfolio mix Deposit-Led Growth Growing NII, Record Fees and Best-in-Class Efficiency Stable 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 ▪ Repurchased $98mm shares in 1Q26 at an average price under $105/share ▪ Declared 2Q26 dividend of $0.80 ▪ Book value per share up 14% Y-o-Y, tangible book value per share1 up 15% Y-o-Y ▪ 16% ROACE (17% ROTCE)1 ▪ 10.3% Tangible Common Equity (TCE)1 ratio

 

$127 $140 $784 $786 Time IB Checking & Savings Noninterest-bearing Demand Money Market 15.1 15.1 15.8 16.4 16.9 9.5 9.4 9.2 9.2 9.3 14.8 15.3 16.6 16.0 16.2 23.2 23.9 24.6 25.2 25.1 $62.6 $63.7 $66.2 $66.8 $67.5 1Q25 2Q25 3Q25 4Q25 1Q26 4 4 Year CAGRs +11% Deposits Grew end-of-period deposits 3% Q-o-Q, with nearly $800 million of Q-o-Q growth in noninterest-bearing demand ($ in billions) Average Deposits End of Period Deposit Growth by Category (4Q25 to 1Q26) ($ in millions) +9% -2% +8% +12% Y-o-Y +8% Time MMDA IB Checking & Savings Noninterest-bearing Demand (DDA) +$1,837mm

 

15.4 15.5 15.9 16.0 16.2 5.0 5.0 5.0 5.1 5.1 16.1 16.4 16.5 16.8 17.0 16.8 17.4 17.8 17.7 18.8 $53.3 $54.3 $55.2 $55.6 $57.1 1Q25 2Q25 3Q25 4Q25 1Q26 5 4 Year CAGRs +11% Loans Strong C&I growth, with utilization increasing and notable growth in capital call ($ in billions) Average Loans End of Period Loan Growth by Category (4Q25 to 1Q26) ($ in millions) +5% +5% +11% +3% C&I CRE (ex. Multifamily)Residential mortgage & other consumer Multifamily Y-o-Y +7% +$1,229mm $17 $154 $157 $901 Multifamily CRE (ex. Multifamily) Residential mortgage & other consumer C&I

 

2% 2% 2% 2% 4% 4% 4% 7% 6 1% 2% 2% 4% 4% 7% 8% 9% (as % of Total Loans, 03.31.26) 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: Consumer Finance, Healthcare Services, Tech & Telecom, Hospitality & Leisure, Oil & Gas, Art Finance, Equipment Finance Industries with 1% of total loans outstanding1 CRE $21.4bn C&I $19.6bn Total Loan Portfolio $58.1bn Media & Entertainment Capital Call Lending Real Estate Investment & Mgmt. Infrastructure & Clean Energy General & Other Industrial Multifamily Retail Hotel Office All other CRE Healthcare Construction and Land Manufacturing and Wholesale Financial Services Food Production and Distribution Resi. Mortgage and other consumer $17.1 29% CRE $21.4 37% C&I $19.6 34%

 

2.2 2.5 2.5 2.6 2.5 1.6 1.9 1.9 1.8 2.4 1.4 1.3 1.4 1.4 1.41.0 1.0 1.0 1.0 1.1 0.5 0.6 0.7 0.8 0.9 $6.7 $7.3 $7.5 $7.6 $8.3 1Q25 2Q25 3Q25 4Q25 1Q26 C&I Nondepository Financial Institution (NDFI) Loans 7 Our NDFI portfolio is granular with diversification across industry and category types ($ in billions) Other Private Equity Mortgage Credit Consumer Credit Business Credit (1) The Company’s 1Q26 NDFI loan mix by Call Report Category is preliminary 4 Year CAGRs x -$59mm -$50mm +$76mm +$593mm Q-o-Q ($) +$658mm +$98mm 1 Highlights ▪ Well diversified by underlying asset and borrower ▪ Approximately 30% 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

 

$600 $617 $678 $658 $671 3.35% 3.35% 3.53% 3.41% 3.49% 1Q25 2Q25 3Q25 4Q25 1Q26 NII NIM 8 Net Interest Income & Net Interest Margin Strong deposit mix trends supported margin and income Q-o-Q ($ in millions) Net Interest Income (NII) & Net Interest Margin (NIM) End of Period Interest-bearing Deposit Cost (2Q24 to 1Q26) 3.92% 3.73% 3.43% 3.30% 3.25% 3.15% 2.87% 2.81% 06.30.24 09.30.24 12.31.24 03.31.25 06.30.25 09.30.25 12.31.25 03.31.26 2.94% 2.84% 2.59% 2.51% 2.48% 2.39% 2.16% 2.10% 06.30.24 09.30.24 12.31.24 03.31.25 06.30.25 09.30.25 12.31.25 03.31.26 End of Period Cost of Deposits (2Q24 to 1Q26)

 

26 25 28 29 26 27 27 28 29 31 5 4 6 3 5 16 14 15 15 15 14 11 15 11 22 $88 $81 $92 $87 $99 1Q25 2Q25 3Q25 4Q25 1Q26 9 4 Year CAGRs +11% Y-o-Y +12% Fee Income1 Fee Income Record quarterly fees driven by strong execution and relationship deepening ($ 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 -1% +63% -17% +13% -2% Commercial and Consumer Deposit-Related Fees Lending and Loan Servicing Fees Foreign Exchange Income ▪ Record fee income1 of $99mm, up $12mm or +13% Q-o-Q and up $11mm or +12% Y-o-Y − Wealth management, customer derivative income, deposit-related fees, and foreign exchange income grew by a combined $14mm Q-o-Q due to higher customer activity − Lending and loan servicing fees down $2mm Q-o-Q, primarily driven by lower syndications

 

10 4 Year CAGRs +11% Total Operating Noninterest Expense1 Operating Expense & Efficiency Maintained best-in-class efficiency ($ 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 charges and reversals of $833 thousand, $(833) thousand, $(2) million, $(7) million and $(1) million for 1Q25, 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 +16% -13% +18% -16% ▪ Total operating noninterest expense1 of $258mm, up $14mm Q-o-Q ‒ Compensation and employee benefits of $173mm, up $21mm Q-o-Q reflecting seasonal factors, stock- based and incentive compensation Y-o-Y +9% 35.6% 34.5% 36.2% 1.31% 1.21% 1.29% 3Q25 4Q25 1Q26 Efficiency Ratio Op. Noninterest Expense / Avg. Assets Computer and Software Related Expenses +11% 16 16 17 17 18 19 19 17 12 16 13 13 13 15 15 42 37 38 48 36 146 145 176 152 173 $236 $230 $261 $244 $258 1Q25 2Q25 3Q25 4Q25 1Q26

 

$49 $45 $36 $30 $36 $15 $15 $18 $12 $12 $- $10 $20 $30 $40 $50 $60 1Q25 2Q25 3Q25 4Q25 1Q26 Provision for credit losses Net charge- offs 76 72 70 52 61 67 58 57 47 63 10 9 30 67 56 29 33 44 42 36$182 $172 $201 $208 $216 03.31.25 06.30.25 09.30.25 12.31.25 03.31.26 OREO and Other CRE Resi. mortgage & consumer C&I 2.47% 4.06% 0.31% 0.49% 2.32% 3.78% 0.28% 0.50% 2.69% 3.64% 0.28% 0.56% C&I CRE (ex. Multifamily) Multifamily Resi mortgage & consumer 1.38% 1.34% 1.38% 1.40% 1.57% 0.91% 0.81% 0.76% 0.61% 0.54% 2.29% 2.15% 2.14% 2.01% 2.12% 03.31.25 06.30.25 09.30.25 12.31.25 03.31.26 Classified loans / Loans HFI Special mention loans / Loans HFI 11 Asset Quality Metrics Stable credit – measures holding at low absolute levels Provision for Credit Losses & Net Charge-offs ($ in millions) Nonperforming Assets (NPAs) Criticized Loans / Loans HFI Criticized Ratio by Loans HFI Portfolio ($ in millions) NPAs / Total assets 0.24% 0.22% 0.25% 0.26% 0.26%NCO ratio (ann.) 0.12% 0.11% 0.13% 0.08% 0.09%

 

12 Allowance for Loan Losses Bolstered ALLL ratio, increased $26mm reflecting Q-o-Q loan growth and portfolio mix shift Allowance for Loan Losses (ALLL) ($ in millions) Composition of ALLL by Portfolio ($ in millions) 03.31.25 12.31.25 03.31.26 Loan category ALLL ALLL ratio ALLL ALLL ratio ALLL ALLL ratio C&I $ 421 2.41% $ 476 2.55% $ 483 2.47% Total CRE 261 1.27 273 1.29 289 1.35 Multifamily 33 0.65 36 0.72 40 0.77 Office 62 2.90 62 2.78 66 2.87 All Other CRE 166 1.24 175 1.26 183 1.31 Resi mortgage & consumer 53 0.33 61 0.36 64 0.37 Total loans $ 735 1.35% $ 810 1.42% $ 836 1.44% $735 $760 $791 $810 $836 1.35% 1.38% 1.42% 1.42% 1.44% $(100) $100 $300 $500 $700 $900 03.31.25 06.30.25 09.30.25 12.31.25 03.31.26 ALLL ALLL/Loans HFI

 

15.6% 15.8% 16.1% 16.4% 16.4% Total Capital Ratio 14.3% 14.5% 14.8% 15.1% 15.1% CET1 Ratio 10.5% 10.6% 10.7% 10.9% 11.0% Leverage Ratio 9.9% 10.0% 10.2% 10.5% 10.3% Tangible Common Equity Ratio 13 06.30.25 Capital Opportunistic repurchase activity while maintaining a position of strength Highlights 03.31.25 12.31.2509.30.25 ▪ Strong book value per share growth ‒ Up 14% Y-o-Y, tangible book value per share1 up 15% Y-o-Y ▪ Clear capital priorities 1. Organic growth 2. Competitive dividend 3. Disciplined M&A 4. Share repurchases ▪ Repurchased $98mm shares in 1Q26 ‒ $117 million of East West’s share repurchase authorization remains available; we remain opportunistic Regulatory well capitalized requirement Tangible Common Equity Ratio1 Regulatory Capital Ratios 6.5% 5.0% 10.0% 03.31.262 (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 March 31, 2026 regulatory capital ratios and Risk-Weighted Assets (RWA) are preliminary

 

14 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) 1Q26 Results (Y-o-Y) FY 2026 Expectations Interest Rate Outlook - - ▪ Assumes March 31st forward curve (no cuts) End of Period Loans 6% ($56.9bn) 7% ($58.1bn) ▪ Growing 5% to 7% Y-o-Y Net Interest Income 12% ($2.55bn) 12% ($671mm) ▪ Growing 6% to 8% Y-o-Y Total Operating Noninterest Expense1 7% ($972mm) 9% ($258mm) ▪ Growing 7% to 9% Y-o-Y Net Charge-offs 11bps 9bps ▪ In the range of 15bps to 25bps Effective Tax Rate 23% 22% ▪ In the range of 22% to 23% Amortization of Tax Credit and CRA Investments $75mm $22mm ▪ In the range of $85 - $95 million Best-in-Class Efficiency Top Quartile Returns

 

Appendix

 

16 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 ~$15B Market Cap $83B Assets $69B Deposits 17% ROTCE1 03.31.26 03.31.26 03.31.26 1Q26 ▪ 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

 

<=50% 49% >50% to 55% 15% >55% to 60% 15% >60% to 65% 11% >65% to 70% 5% >70% 5% 17 Commercial Real Estate Portfolio Detail Our CRE portfolio is granular - many loans have full recourse and personal guarantees 50% Average LTV1 Distribution by Loan-to-Value (LTV)1 Size and LTV by Property Type (as of 03.31.26) (as of 03.31.26) ▪ Fewer than 25% of CRE loans have an LTV over 60% Total Portfolio Size ($bn) Weighted Avg. LTV1 (%) Average Loan Size ($mm) Multifamily $5.1 51% $2 Retail 4.6 47 3 Industrial 4.1 46 3 Hotel 2.5 51 10 Office 2.3 53 4 Healthcare 0.9 51 4 Other 1.1 49 4 Construction & Land2 0.8 61 14 Total CRE $21.4 50% $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

 

39% 5% 13% 8% 6% 2% 2% 4% 6% 8% 18 CRE Office – Additional Information Our office portfolio has low LTVs across segments and low average loan sizes CRE Office: Geographic Mix by Metro Area CRE Office by Size Segment (as of 03.31.26) (as of 03.31.26) Loan Size Balance ($ in mm) No. of Loans Avg. Loan Size ($ in mm) Weighted Avg. LTV (%) >$30mm $388 10 $39 54% $20mm - $30mm 455 19 24 58 $10mm - $20mm 456 32 14 57 $5mm - $10mm 441 61 7 52 <$5mm 546 393 1 43 Total $2,286 515 $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% 2% 4% 6% 2% 3% 4% 4% 11% 19 CRE Retail – Additional Information Our retail portfolio has a weighted average LTV profile of 47% CRE Retail: Geographic Mix by Metro Area CRE Retail by Size Segment (as of 03.31.26) (as of 03.31.26) Loan Size Balance ($ in mm) No. of Loans Avg. Loan Size ($ in mm) Weighted Avg. LTV (%) >$30mm $227 6 $38 46% $20mm - $30mm 520 21 25 57 $10mm - $20mm 824 61 14 49 $5mm - $10mm 801 117 7 48 <$5mm 2,178 1,559 1 44 Total $4,550 1,764 $3 47% Other Los Angeles County Downtown Los Angeles and Adjacent Neighborhoods Other SoCalOther Bay Area San Francisco, Other CA Houston Dallas, 2% Manhattan Other TX, 2% Washington Other Regions Other NY New Jersey, 1%

 

31% 3% 13% 7% 5% 6% 7% 3% 4% 3% 4% 3% 6% 20 Oklahoma, 2% CRE Multifamily – Additional Information Our multifamily portfolio is amongst our most granular CRE Multifamily: Geographic Mix by Metro Area CRE Multifamily by Size Segment (as of 03.31.26) (as of 03.31.26) Loan Size Balance ($ in mm) No. of Loans Avg. Loan Size ($ in mm) Weighted Avg. LTV (%) >$30mm $723 19 $38 59% $20mm - $30mm 648 27 24 55 $10mm - $20mm 619 46 13 52 $5mm - $10mm 721 103 7 54 <$5mm 2,418 2,618 1 46 Total $5,129 2,813 $2 51% 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 42% Northern California 17% New York 23% Washington 6% Texas 2% Other 10% <=50% 52% >50% to 55% 12% >55% to 60% 23% >60% 13% 21 Residential Mortgage Portfolio Our residential mortgage portfolio benefits from both low LTVs and smaller average loan size Resi. Mortgage Distribution by LTV1 Portfolio Highlights as of 03.31.26 (as of 03.31.26) Outstandings ▪ $17.1bn loans outstanding ▪ +1% Q-o-Q and +5% Y-o-Y Originations ▪ $0.8bn in 1Q26 ▪ Primarily originated through East West Bank branches Single-family Residential ▪ $15.1bn loans outstanding ▪ +1% Q-o-Q and +5% Y-o-Y HELOC ▪ $1.9bn loans outstanding ▪ $3.6bn in undisbursed commitments ▪ 35% utilization as of 03.31.26 ▪ 75% of commitments in first lien position Resi. Mortgage Distribution by Geography3 50% Average LTV1 $439,000 Average loan size2 (as of 03.31.26) (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

 

$14.7 $15.4 $15.5 $16.1 $16.5 $4.5 $4.1 $5.3 $4.8 $4.3 $19.2 $19.5 $20.8 $20.9 $20.8 4.08% 4.02% 4.05% 3.99% 3.94% 1Q25 2Q25 3Q25 4Q25 1Q26 Total Securities Interest-bearing Cash, Equivalent, and Resale Agreements Total Securities Average Yield 22 Average Total Securities Portfolio and Cash Cash and Securities Strong on balance sheet liquidity levels ($ in billions) ▪ Securities portfolio well-positioned as a source of liquidity, interest rate risk management, and earnings support − Total securities average yield down 5bps Q-o-Q − 97% of investment portfolio 0% - 20% risk-weighted (HQLA) − 69% fixed-rate securities, 31% floating Highlights Securities Portfolio Composition by Risk-Weighted Asset (RWA) Distribution ($ in billions, as of 03.31.26) $17bn Securities Portfolio $0.4 $0.1 $4.2 $12.3 100% RWA 50% RWA 20% RWA 0% RWA

 

19% 22% 33% 26% Fixed rate Hybrid in fixed rate period Variable - SOFR Variable - Prime, all other rates 5.94% 5.93% 5.90% 5.84% 5.87% 6.20% 6.24% 6.23% 6.07% 6.01% 7.06% 7.02% 7.71% 6.68% 6.43% 23 Loan Yields Loan Portfolio by Index Rate (as of 03.31.26) Average C&I Loan Rate Average Residential Mortgage Loan Rate Average CRE Loan Rate 91% variable rate 58%* variable rate *48% had customer-level interest rate derivative contracts SFR: 47% hybrid in fixed-rate period & 40% fixed rate 04.09.26 rate sheet price for 30-year fixed: 6.5% Total fixed rate and hybrid in fixed period: 41% 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26

 

3.93% 3.79% 3.71% 3.59% 3.36% Time 3.17% 3.25% 3.21% 2.83% 2.62% Money Market 2.51% 2.48% 2.47% 2.20% 2.09% Interest-bearing Checking 2.54% 2.52% 2.49% 2.30% 2.13% 3.34% 3.31% 3.26% 3.05% 2.84% 3.43% 3.39% 3.34% 3.11% 2.91% 1Q25 2Q25 3Q25 4Q25 1Q26 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 1Q25 2Q25 3Q25 4Q25 1Q26

 

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. March 31, 2026 December 31, 2025 March 31, 2025 Common stock $ 171 $ 170 $ 170 Additional paid-in capital 2,131,219 2,111,316 2,043,898 Retained earnings 8,547,820 8,301,522 7,517,711 Treasury stock (1,291,555) (1,168,196) (1,137,299) Accumulated other comprehensive income: AFS debt securities net unrealized losses (383,753) (353,233) (482,175) Cash flow hedges net unrealized gains 12,034 28,209 10,493 Foreign currency translation adjustments (16,501) (20,586) (23,333) Total accumulated other comprehensive loss (388,220) (345,610) (495,015) Stockholders’ equity (a) $ 8,999,435 $ 8,899,202 $ 7,929,465 Less: Goodwill (465,697) (465,697) (465,697) Mortgage servicing assets (3,978) (4,119) (4,940) Tangible book value (b) $ 8,529,760 $ 8,429,386 $ 7,458,828 Number of common shares at period-end (c) 136,979 137,579 137,802 Book value per share (a)/(c) $ 65.70 $ 64.68 $ 57.54 Tangible book value per share (b)/(c) $ 62.27 $ 61.27 $ 54.13 Total assets (d) $ 82,886,152 $ 80,434,997 $ 76,165,013 Less: Goodwill (465,697) (465,697) (465,697) Mortgage servicing assets (3,978) (4,119) (4,940) Tangible assets (e) $ 82,416,477 $ 79,965,181 $ 75,694,376 Total stockholders’ equity to assets ratio (a)/(d) 10.86% 11.06% 10.41% TCE ratio (b)/(e) 10.35% 10.54% 9.85%

 

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 and DC Solar adjustments. 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 months ended March 31, 2026 and December 31, 2025. Applied statutory tax rate of 29.73% for the three months ended iiiiiiiiMarch 31, 2025. (2) Annualized. Three Months Ended March 31, 2026 December 31, 2025 March 31, 2025 Net income (a) $ 357,796 $ 356,271 $ 290,270 Add: Amortization of mortgage servicing assets 149 249 293 Tax effect of amortization adjustment1 (42) (70) (87) Tangible net income (b) $ 357,903 $ 356,450 $ 290,476 Less/Add: FDIC special assessment (reversal) charge (1,015) (6,874) 833 Less: DC Solar recoveries — (4,997) — Tax effects of adjustments1 284 3,326 (248) Adjusted tangible net income (c) $ 357,172 $ 347,905 $ 291,061 Average stockholders' equity (d) $ 9,047,373 $ 8,774,315 $ 7,869,074 Less: Average goodwill (465,697) (465,697) (465,697) Average mortgage servicing assets (4,025) (4,270) (5,120) Average tangible book value (e) $ 8,577,651 $ 8,304,348 $ 7,398,257 Return on average common equity2 (a)/(d) 16.04% 16.11% 14.96% Return on average TCE2 (b)/(e) 16.92% 17.03% 15.92% Adjusted return on average TCE2 (c)/(e) 16.89% 16.62% 15.96%

 

Source: View Original Filing on SEC EDGAR

FAQ

How did East West Bancorp (EWBC) perform financially in Q1 2026?

East West Bancorp reported net income of $358 million and diluted EPS of $2.57 in Q1 2026, both up 23% year-over-year. Total revenue grew 12% to $774 million, supported by higher net interest income and record fee income of $99 million.

What were East West Bancorp (EWBC) loan and deposit levels as of March 31, 2026?

As of March 31, 2026, East West Bancorp’s total loans were $58.1 billion and total deposits were $68.9 billion, both at record levels. Loans rose 7% and deposits increased 9% year-over-year, reflecting continued customer growth.

How strong was East West Bancorp (EWBC) profitability in Q1 2026?

Profitability remained robust in Q1 2026, with return on average assets of 1.79% and return on average common equity of 16.04%. The net interest margin improved to 3.49%, while the efficiency ratio was a lean 36.2%, indicating disciplined cost management.

What is the asset quality picture for East West Bancorp (EWBC) in Q1 2026?

Asset quality remained stable. Net charge-offs were $12 million, or 0.09% of average loans, and nonperforming assets were 0.26% of total assets. The allowance for loan losses increased to $836 million, or 1.44% of loans held-for-investment.

What capital ratios did East West Bancorp (EWBC) report for March 31, 2026?

At March 31, 2026, East West Bancorp reported a 15.13% CET1 capital ratio, 16.45% total capital ratio, 10.95% leverage ratio, and 10.35% tangible common equity ratio. These levels are well above well-capitalized regulatory thresholds and prior-year ratios.

What dividend and share repurchases did East West Bancorp (EWBC) announce around Q1 2026?

The Board declared a $0.80 per share common dividend for the second quarter of 2026, payable May 18, 2026. During Q1 2026, East West Bancorp repurchased about 938,000 shares of common stock for approximately $98 million.

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