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East West Bancorp (Nasdaq: EWBC) Q2 2026 EPS rises 18%

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8-K

Rhea-AI Filing Summary

East West Bancorp reported strong second-quarter 2026 results, with net income of $364 million and diluted EPS of $2.63, up 18% year-over-year, on record total revenue of $791 million. Net interest income rose 11% to $685 million, while record noninterest income reached $106 million.

Total loans grew to a record $59.0 billion and deposits to $70.1 billion as of June 30, 2026, up 7% and 8% year-over-year, with noninterest-bearing deposits representing 26% of total deposits. Return on average assets was 1.75% and return on average common equity 16.0%; return on average tangible common equity was 16.88%.

Credit quality remained stable, with a $33 million provision for credit losses, annualized net charge-offs of 0.19% of average loans, and nonperforming assets equal to 0.29% of total assets. Capital ratios stayed strong, including a CET1 ratio of 15.44% and tangible common equity ratio of 10.41%. The board declared a third-quarter 2026 common dividend of $0.80 per share.

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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 $364 million Second quarter 2026 net income; up 17% year-over-year
Diluted EPS $2.63 Q2 2026 diluted earnings per share; up 18% from $2.24 in Q2 2025
Total revenue $791 million Q2 2026 total revenue; 12% higher than $703 million a year earlier
Net interest income $685 million Net interest income in the second quarter of 2026; up 11% year-over-year
Total loans $59.0 billion Loans outstanding as of June 30, 2026; 7% above June 30, 2025
Total deposits $70.1 billion Deposits as of June 30, 2026; 8% higher than a year earlier
Return on average assets 1.75% Return on average assets for the quarter ended June 30, 2026
CET1 capital ratio 15.44% Common Equity Tier 1 capital ratio as of June 30, 2026
net interest margin financial
"Net interest margin was 3.43% in the second quarter of 2026"
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 was 10.41% as of June 30, 2026"
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 0.29% of total assets"
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
"Second quarter 2026 provision for credit losses was $33 million"
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.
Risk-Weighted Assets financial
"Risk-Weighted Assets (“RWA”) totaled $59,201 million at June 30, 2026"
Risk-weighted assets are a bank’s assets (like loans and investments) adjusted by how risky regulators consider each one, so safer items count less and riskier items count more. Think of it as packing a suitcase where heavy, fragile items take up more “real” space; higher risk-weighted assets mean a bank must hold more capital as a cushion. Investors watch this because it affects a bank’s safety, regulatory limits and ability to lend or return money to shareholders.
FDIC special assessment financial
"reflecting an FDIC special assessment reversal in the prior quarter"
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 $364 million up 17% year-over-year
Diluted EPS $2.63 up 18% year-over-year
Total revenue $791 million up 12% year-over-year
Net interest income $685 million up 11% year-over-year
Noninterest income $106 million up 24% year-over-year
Total loans $59.0 billion up 7% year-over-year
Total deposits $70.1 billion up 8% year-over-year
Guidance

For full-year 2026, the company expects end-of-period loans to grow 6% to 8% year-over-year, net interest income to grow 7% to 9%, operating noninterest expense to grow 8% to 9%, net charge-offs of 15 to 25 basis points, and an effective tax rate of 22% to 23%.

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FAQ

What were East West Bancorp (EWBC)'s Q2 2026 earnings and EPS?
East West Bancorp reported net income of $364 million in Q2 2026, with diluted EPS of $2.63, up 18% from $2.24 a year earlier. Net income increased 17% year-over-year from $310 million, driven by higher net interest and noninterest income.

How did EWBC's loans and deposits perform in Q2 2026?
End-of-period total loans reached a record $59.0 billion, up 7% year-over-year, while total deposits hit a record $70.1 billion, up 8%. Noninterest-bearing deposits were 26% of total deposits, supported by growth across demand, money market, time, and savings balances.

What were East West Bancorp (EWBC)'s key profitability and margin metrics in Q2 2026?
Return on average assets was 1.75% and return on average common equity 16.01% in Q2 2026. Return on average tangible common equity was 16.88%, while net interest margin was 3.43%, reflecting strong spreads despite slightly lower asset yields.

How strong is East West Bancorp (EWBC)'s capital position as of June 30, 2026?
Regulatory capital remained robust, with a CET1 ratio of 15.44%, total capital ratio of 16.75%, and leverage ratio of 11.00%. The tangible common equity ratio was 10.41%, and the total stockholders’ equity to assets ratio stood at 10.91%.

What dividend did East West Bancorp (EWBC) declare for Q3 2026?
The board declared a common stock cash dividend of $0.80 per share for the third quarter of 2026. The dividend is payable on August 17, 2026 to shareholders of record as of August 3, 2026, and no shares were repurchased during Q2.

What is East West Bancorp (EWBC)'s 2026 outlook for growth and credit costs?
For full-year 2026, East West Bancorp expects end-of-period loans to grow 6%–8% year-over-year and net interest income to grow 7%–9%. The company projects operating noninterest expense up 8%–9%, net charge-offs of 15–25 bps, and an effective tax rate of 22%–23%.
0001069157false00010691572026-07-212026-07-21


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)
July 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 July 21, 2026, East West Bancorp, Inc. (the “Company”) announced its financial results for the quarter ended June 30, 2026. A copy of the Company’s press release (the “Press Release”) is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference in this Item 2.02. The Press Release is “furnished” pursuant to General Instruction B.2 of Form 8-K and the information provided in Item 2.02 of this report, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of such Section. The information provided in Item 2.02 of this report, including Exhibit 99.1, shall not be deemed incorporated by reference into any filings the Company has made or may make under the Securities Act of 1933 (the “Securities Act”) or the Exchange Act, except as otherwise expressly stated in such filing.

Item 7.01. Regulation FD Disclosure

On July 21, 2026, the Company will hold a conference call to discuss its financial results for the quarter ended June 30, 2026 and other matters relating to the Company. The Company has also made available on its website, www.eastwestbank.com, presentation materials containing certain historical and forward-looking information relating to the Company (the “Presentation Materials”). The Presentation Materials are furnished as Exhibit 99.2 and are incorporated by reference in this Item 7.01. All information in Exhibit 99.2 is presented as of the particular date or dates referenced therein, and the Company does not undertake any obligation to, and disclaims any duty to, update any of the information provided. The information provided in Item 7.01 of this report, including Exhibit 99.2, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of such Section, nor shall such information be deemed incorporated by reference into any filings the Company has made or may make under the Securities Act or the Exchange Act, except as otherwise expressly stated in such filing.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits
99.1
Press Release, dated July 21, 2026.
99.2
Presentation Materials, dated July 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: July 21, 2026By:/s/ Christopher J. Del Moral-Niles 
Christopher J. Del Moral-Niles
  Executive Vice President and Chief Financial Officer



3


ewbc_logo-err011624.jpg
East West Bancorp, Inc.
135 N. Los Robles Ave.
Pasadena, CA 91101
Tel. 626.768.6000
NEWS RELEASE

EAST WEST BANCORP REPORTS SECOND QUARTER 2026 RESULTS, WITH EARNINGS PER SHARE UP 18% YEAR-OVER-YEAR, DRIVEN BY RECORD TOTAL REVENUE

Pasadena, California – July 21, 2026 – East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, reported second quarter 2026 net income of $364 million, or $2.63 per diluted share. Total loans and deposits both reached new records as of June 30, 2026, at $59.0 billion and $70.1 billion, respectively. Return on average assets was 1.75%, return on average common equity was 16.0%, and book value per share grew 13% year-over-year.

“East West delivered another strong quarter of balanced growth, resulting in record levels of net interest income, revenue, loans, and deposits,” said Dominic Ng, Chairman and Chief Executive Officer. “Over the past year our relationship-focused strategy continued to drive the business forward, with noninterest-bearing deposits increasing significantly. We generated a return on average tangible common equity1 of 17% and grew tangible book value per share1 by 14% from a year ago.”

“Our above-peer returns reflect the growth opportunities we have captured across our markets, supported by disciplined execution and stable credit performance,” said Ng. “Strong earnings further bolstered our capital position and reinforced the balance sheet, positioning us well to deliver sustainable growth and long-term value for shareholders,” concluded Ng.

FINANCIAL HIGHLIGHTS

Three Months Ended June 30, 2026
% Change
($ in millions, except per share data)June 30, 2026March 31, 2026June 30, 2025
Qtr-o-Qtr
Yr-o-Yr
Total Revenue$791$774$7032 %12 %
Pre-tax, Pre-provision Income2
5014934471 12 
Net Income3643583102 17 
Diluted Earnings per Share$2.63$2.57$2.242 18 
Book Value per Share$67.48$65.70$59.513 13 
Tangible Book Value per Share1
$64.06$62.27$56.103 %14 %
Return on Average Assets1.75%1.79%1.62%-4 bps13 bps
Return on Average Common Equity16.01%16.04%15.42%-3 bps59 bps
Return on Average Tangible Common Equity1
16.88%16.92%16.39%-4 bps49 bps
Total Stockholders’ Equity to Assets Ratio10.91%10.86%10.49%5 bps42 bps
Tangible Common Equity Ratio1
10.41%10.35%9.95%6 bps46 bps
Total Assets$84,763$82,886$78,1582 %8 %
1 Return on average tangible common equity, tangible book value per share, and tangible common equity ratio are non-GAAP financial measures. See reconciliation of GAAP to non-GAAP measures in Table 14.
2 Pre-tax, pre-provision income is a non-GAAP financial measure. See reconciliation of GAAP to non-GAAP financial measures in Table 13.


1

BALANCE SHEET

•Assets – Total assets were $84.8 billion as of June 30, 2026, an increase of $1.9 billion, or 2%, from $82.9 billion as of March 31, 2026. Year-over-year, total assets grew $6.6 billion, or 8%, from $78.2 billion as of June 30, 2025.

Second quarter 2026 average interest-earning assets of $80.1 billion were up $2.1 billion, or 3%, from $78.0 billion in the first quarter, primarily reflecting a $1.2 billion increase in average total loans outstanding and $0.8 billion of average securities growth.

•Loans – Total loans reached a record $59.0 billion as of June 30, 2026, an increase of $0.9 billion, or 1%, from $58.1 billion as of March 31, 2026. Year-over-year, total loans were up $4.0 billion, or 7%, from $55.0 billion as of June 30, 2025.

Second quarter 2026 average total loans grew by nearly $1.2 billion, or 2%, to $58.2 billion, from $57.1 billion in the first quarter of 2026.

•Deposits – Total deposits reached a record $70.1 billion as of June 30, 2026, an increase of $1.2 billion, or 2%, from $68.9 billion as of March 31, 2026, primarily reflecting growth in noninterest-bearing demand deposits. Noninterest-bearing deposits made up 26% of total deposits as of June 30, 2026. Year-over-year, total deposits increased $5.1 billion, or 8%, from $65.0 billion as of June 30, 2025.

Second quarter 2026 total average deposits of $68.7 billion increased $1.2 billion from the first quarter of 2026, primarily reflecting growth in average noninterest-bearing demand, money market, time, and savings deposits.

•Capital – As of June 30, 2026, stockholders’ equity was $9.2 billion, up 3% quarter-over-quarter. The total stockholders’ equity to assets ratio was 10.91% as of June 30, 2026, compared with 10.86% as of March 31, 2026.

Book value per share was $67.48 as of June 30, 2026, up $1.78, or 3% quarter-over-quarter. As of June 30, 2026, tangible book value per share3 was $64.06, up $1.79, or 3% quarter-over-quarter.

East West’s regulatory capital ratios are well in excess of requirements for well-capitalized institutions, and well above regional bank averages.

CAPITAL STRENGTH

Capital metrics as of June 30, 2026, March 31, 2026, and June 30, 2025 are presented below.

EWBC Capital
($ in millions)
June 30, 2026 (a)
March 31, 2026
June 30, 2025
Risk-Weighted Assets (“RWA”) (b)
$59,201$58,559$56,280
Risk-based capital ratios:
Total capital ratio16.75%16.45%15.82%
CET1 capital ratio15.44%15.13%14.51%
Tier 1 capital ratio15.44%15.13%14.51%
Leverage ratio11.00%10.95%10.60%
Total stockholders’ equity to assets ratio10.91%10.86%10.49%
Tangible common equity ratio (c)
10.41%10.35%9.95%
(a)The Company’s June 30, 2026 regulatory capital ratios and RWA are preliminary.
(b)Under regulatory guidelines, on-balance sheet assets and credit equivalent amounts of derivatives and off-balance sheet items are assigned to one of several broad risk categories based on the nature of the obligor, or, if relevant, the guarantor or the nature of any collateral. The aggregate dollar value in each risk category is then multiplied by the risk weight associated with that category. The resulting weighted values from each of the risk categories are aggregated for determining total RWA.
(c)Tangible common equity ratio is a non-GAAP financial measure. See reconciliation of GAAP to non-GAAP measures in Table 14.

3 Tangible book value per share is a non-GAAP financial measure. See reconciliation of GAAP to non-GAAP measures in Table 14.




2

OPERATING RESULTS

Second Quarter Earnings – Second quarter 2026 net income was $364 million, an increase of $6 million, or 2% from the first quarter, and 17% from $310 million for the second quarter of 2025. Second quarter 2026 diluted earnings per share (“EPS”) were $2.63, an increase of 2% from $2.57 per diluted share for the first quarter and 18% from $2.24 per diluted share for the second quarter of 2025.

Second Quarter 2026 Compared to First Quarter 2026 and Second Quarter 2025

Net Interest Income and Net Interest Margin

Net interest income totaled $685 million in the second quarter of 2026, an increase of over $13 million, or 2%, from $671 million in the prior quarter and $68 million, or 11%, from the second quarter of 2025. Net interest margin was 3.43% in the second quarter of 2026, a 6 basis-point decline from the prior quarter and an 8 basis-point increase from the second quarter of 2025.
•The average loan yield was 6.02%, down 9 basis points from the prior quarter. The average interest-earning asset yield was 5.41%, down 8 basis points from the prior quarter.
•The average cost of interest-bearing deposits was 2.81%, a 3 basis-point decrease from the prior quarter. The average cost of funds was 2.19%, down 2 basis points from the prior quarter.

Noninterest Income

Noninterest income totaled a record $106 million in the second quarter of 2026, an increase of $4 million, or 4%, from the first quarter and $20 million, or 24%, from the second quarter of 2025. Fee income4 of $96 million decreased $3 million, or 3%, from $99 million in the prior quarter and increased $15 million, or 19%, from the second quarter of 2025.
•Lending and loan servicing fees increased $2 million in the second quarter, reflecting higher syndication fees.
•Commercial and consumer deposit-related fees increased $1 million quarter-over-quarter, reflecting higher customer activity.
•Wealth management fees decreased $3 million in the second quarter, primarily reflecting lower customer activity from record levels set in the prior quarter.
•Customer derivative income decreased $3 million quarter-over-quarter, reflecting lower customer activity.
•Other income increased $9 million quarter-over-quarter, primarily reflecting gains from investments held in connection with deferred compensation plans.
•Other investment income decreased $3 million quarter-over-quarter, reflecting lower income from investments.

Noninterest Expense

Total noninterest expense was $291 million in the second quarter, which included $23 million of amortization for tax credit and Community Reinvestment Act investments. Total operating noninterest expense was $268 million, an increase of $9 million from the first quarter and $38 million, or 17%, from the second quarter of 2025.
•Other real estate owned (“OREO”) expense increased $3 million in the second quarter.
•Other operating expense was $39 million, an increase of $2 million, primarily reflecting higher loan-related expenses.
•Deposit insurance premiums and regulatory assessments were $10 million, an increase of $1 million quarter-over-quarter, reflecting an FDIC special assessment reversal in the prior quarter.
•Deposit account expense, occupancy and equipment expense, and computer and software related expense each increased $1 million quarter-over-quarter.
•The efficiency ratio was 36.7% in the second quarter, compared with 36.2% in the prior quarter.

TAX RELATED ITEMS

Second quarter 2026 income tax expense was $104 million and the effective tax rate was 22.2%, compared with income tax expense of $100 million and 21.8% in the first quarter, primarily due to stock-based compensation tax benefits in the first quarter and higher pretax income in the second quarter, partially offset by a tax settlement benefit in the second quarter.
4 Fee income includes commercial and consumer deposit-related fees, lending and loan servicing fees, foreign exchange income, wealth management fees, and customer derivative income. Refer to Table 3 for additional fee and noninterest income information.

3

ASSET QUALITY

As of June 30, 2026, the credit quality of our loan portfolio remained stable.
•Second quarter 2026 provision for credit losses was $33 million, compared with $36 million in the first quarter of 2026.
•The allowance for loan losses was $842 million, or 1.43% of loans held-for-investment (“HFI”), as of June 30, 2026, compared with $836 million, or 1.44% of loans HFI, as of March 31, 2026.
•The nonperforming assets ratio was 0.29% of total assets as of June 30, 2026, a 3 basis point increase from the prior quarter. Nonperforming assets increased $31 million to $247 million as of June 30, 2026, from $216 million as of March 31, 2026, driven primarily by increases in commercial real estate nonaccrual loans and OREO.
•Second quarter 2026 net charge-offs were $27 million, or annualized 0.19% of average loans HFI, compared with $12 million, or annualized 0.09% of average loans HFI, for the first quarter of 2026.

DIVIDEND PAYOUT AND CAPITAL ACTIONS

East West’s Board of Directors has declared the third quarter 2026 dividend for the Company’s common stock. The common stock cash dividend of $0.80 per share is payable on August 17th, 2026 to shareholders of record as of August 3rd, 2026.

East West did not repurchase any shares of common stock during the second quarter of 2026. $117 million of East West’s share repurchase authorization remains available.

About East West

East West provides financial services that help customers reach further and connect to new opportunities. East West Bancorp, Inc. is a public company (Nasdaq: “EWBC”) with total assets of $84.8 billion as of June 30, 2026. The Company’s wholly-owned subsidiary, East West Bank, is the largest independent bank headquartered in Southern California, and operates over 110 locations in the United States and Asia. The Bank’s markets in the United States include California, Georgia, Illinois, Massachusetts, Nevada, New York, Texas, and Washington. For more information on East West, visit www.eastwestbank.com.

Conference Call

East West will host a conference call to discuss second quarter 2026 earnings with the public on Tuesday, July 21, 2026 at 2:00 p.m. PT/5:00 p.m. ET. The public and investment community are invited to listen as management discusses second quarter 2026 results and operating developments.
•The following dial-in information is provided for participation in the conference call: calls within the U.S. - (877) 506-6399; calls within Canada – (855) 669-9657; international calls – (412) 902-6699.
•A presentation to accompany the earnings call, a listen-only live broadcast of the call, and information to access a replay one hour after the call will all be available on the Investor Relations page of the Company’s website at www.eastwestbank.com/investors.

For Investor Inquiries, Contact:
For Media Inquiries, Contact:
Adrienne Atkinson
Angie Tang
Director of Investor Relations and Corporate Development
Director of Corporate Communications
T: (626) 788-7536
T: (626) 768-6853
E: 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 U.S. Securities and Exchange Commission (“SEC”) and management may make forward-looking statements to analysts, investors, media members and others. Forward-looking statements are those that do not relate to historical facts and that are based on current assumptions, beliefs, estimates, expectations and projections, many of which, by their nature, are inherently uncertain and beyond the Company’s control. Forward-looking statements may relate to various matters, including the Company’s financial condition, results of operations, plans, objectives, future performance, business or industry, and usually can be identified by the use of forward-looking words, such as “anticipates,” “assumes,” “believes,” “can,” “continues,” “could,” “estimates,” “expects,” “forecasts,” “goal,” “intends,” “likely,” “may,” “might,” “objective,” “plans,” “potential,” “projects,” “remains,” “should,” “target,” “trend,” “will,” “would,” or similar expressions or variations thereof, and the negative thereof, although these terms are not the exclusive means of identifying such statements. You should not place undue reliance on forward-looking statements, as they are subject to known and unknown risks and uncertainties.

Factors that might cause future results to differ materially from historical performance and any forward-looking statements include, but are not limited to: changes in local, regional and global business, economic and political conditions and natural or geopolitical events; the soundness of other financial institutions and the impacts related to or resulting from bank failures and other industry volatility, including potential increased regulatory requirements, Federal Deposit Insurance Corporation (“FDIC”) insurance premiums and assessments, and deposit withdrawals; changes in trade, tariff, tax, monetary and fiscal policies; changes in immigration laws and enforcement practices, or travel and visa related policies; current or potential disputes between the U.S., the People’s Republic of China and other countries; armed conflict involving Iran or heightened geopolitical tensions in other regions, including resulting oil price volatility and energy and other supply disruptions; changes in the commercial and consumer real estate markets; changes in consumer or commercial spending, savings and borrowing habits, patterns and behaviors; the Company’s ability to compete effectively against financial institutions and other entities, including as a result of emerging technologies; the success and timing of the Company’s business strategies; the Company’s ability to retain key officers and employees; changes in market interest rates, competition, regulatory requirements and product mix; changes in the Company’s costs of operation, compliance and expansion; disruption, failure in, or breach of, the Company’s operational or security systems or infrastructure, or those of third party vendors with which the Company does business, including as a result of cyber-attacks, and the disclosure or misuse of confidential information; the adequacy of the Company’s risk management framework; future credit quality and performance, including expectations regarding future credit losses and allowance levels; adverse changes to the Company’s credit ratings; legal proceedings, regulatory investigations and their resolution; the Company’s capital requirements and its ability to generate capital internally or raise capital on favorable terms; the impact on the Company’s liquidity due to changes in its ability to receive dividends from subsidiaries; any strategic acquisitions or divestitures; and the introduction of new or expanded products and services or other events that may directly or indirectly result in a negative impact on the financial performance of the Company and its customers.

For a more detailed discussion of some of the factors that might cause future results to differ materially from historical performance and any forward-looking statements, see the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 27, 2026 under the heading Item 1A. Risk Factors and the Company’s subsequent filings with the SEC. Forward-looking statements speak only as of the date they are made and are based solely on information then actually known to the Company. The Company does not undertake, and expressly disclaims any obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of such statements, except as required by law.
5

EAST WEST BANCORP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEET
($ and shares in thousands, except per share data)
(unaudited)
Table 1   
June 30, 2026
% or Basis Point Change
 June 30, 2026March 31, 2026June 30, 2025Qtr-o-QtrYr-o-Yr
Assets   
Cash and cash equivalents, and deposits with banks
$5,101,349$4,449,368$4,514,47614.7 %13.0 %
 Securities purchased under resale agreements (“resale agreements”)425,000425,000425,000— — 
 
Available-for-sale (“AFS”) debt securities (amortized cost of $15,055,558, $14,546,038 and $13,035,258)
14,581,54614,093,48312,488,9133.5 16.8 
Held-to-maturity (“HTM”) debt securities, at amortized cost (fair value of $2,443,494, $2,453,003 and $2,437,247)
2,845,3642,858,9782,892,982(0.5)(1.6)
Total cash, resale agreements and debt securities22,953,25921,826,82920,321,3715.2 13.0 
 Loans held-for-sale (“HFS”)17,42527,58511,873(36.8)46.8 
 
Loans held-for-investment (“HFI”) (net of allowance for loan losses of $842,056, $835,874 and $760,416)
58,121,88457,264,87554,200,7681.5 7.2 
Affordable housing partnership, tax credit and Community Reinvestment Act (“CRA”) investments, net919,230983,976968,389(6.6)(5.1)
 Goodwill465,697465,697465,697— — 
Operating lease right-of-use assets149,110134,12980,52311.2 85.2 
 Other assets 2,136,8672,183,0612,109,446(2.1)1.3 
 Total assets $84,763,472$82,886,152$78,158,0672.3 %8.5 %
Liabilities and Stockholders’ Equity   
 Deposits$70,092,693$68,919,555$65,029,4931.7 %7.8 %
Federal Home Loan Bank (“FHLB”) advances3,000,0003,000,0003,500,000 — (14.3)
Securities sold under repurchase agreements (“repurchase agreements”)
956,894494,027—93.7 100.0 
 Long-term debt and finance lease liabilities35,45135,54535,789(0.3)(0.9)
Operating lease liabilities 164,973148,73186,98710.9 89.7 
 Accrued expenses and other liabilities1,267,5321,288,8591,304,031(1.7)(2.8)
 Total liabilities75,517,54373,886,71769,956,3002.2 7.9 
 Stockholders’ equity9,245,9298,999,4358,201,7672.7 12.7 
 Total liabilities and stockholders’ equity $84,763,472$82,886,152$78,158,0672.3 %8.5 %
Total cash, resale agreements and debt securities/total assets
27.08%26.33%26.00%75 bps108 bps
Total stockholders’ equity to assets ratio10.91%10.86%10.49%5 42 
Tangible common equity (“TCE”) ratio (1)
10.41%10.35%9.95%6 bps46 bps
Book value per share $67.48$65.70$59.512.7 %13.4 %
Tangible book value (1) per share
$64.06$62.27$56.102.9 14.2 
Number of common shares at period-end137,011136,979137,8160.0 %(0.6)%
(1)The TCE ratio and the tangible book value are non-GAAP financial measures. See reconciliation of GAAP to non-GAAP measures in Table 14.
6

EAST WEST BANCORP, INC. AND SUBSIDIARIES
TOTAL LOANS AND DEPOSITS DETAIL
($ in thousands)
(unaudited)
Table 2
June 30, 2026
% Change
  June 30, 2026March 31, 2026June 30, 2025Qtr-o-QtrYr-o-Yr
Loans:   
Commercial:
Commercial and industrial (“C&I”)$19,862,701 $19,550,953 $17,822,881 1.6 %11.4 %
Commercial real estate (“CRE”):
 CRE15,585,610 15,491,057 14,978,775 0.6 4.1 
 Multifamily residential5,251,556 5,129,247 4,978,915 2.4 5.5 
 Construction and land831,822 811,999 709,713 2.4 17.2 
Total CRE21,668,988 21,432,303 20,667,403 1.1 4.8 
Consumer:
Residential mortgage:
Single-family residential (“SFR”)15,336,309 15,119,709 14,569,997 1.4 5.3 
 Home equity lines of credit (“HELOCs”)2,039,285 1,945,867 1,850,965 4.8 10.2 
Total residential mortgage17,375,594 17,065,576 16,420,962 1.8 5.8 
Other consumer56,657 51,917 49,938 9.1 13.5 
Total loans HFI (1)
58,963,940 

58,100,749 

54,961,184 1.5 7.3 
Loans HFS17,425 27,585 11,873 (36.8)46.8 
 
Total loans (1)
58,981,365 58,128,334 54,973,057 1.5 7.3 
Allowance for loan and lease losses (“ALLL”)
(842,056)(835,874)(760,416)0.7 10.7 
 
Net loans (1)
$58,139,309 $57,292,460 $54,212,641 1.5 %7.2 %
Deposits by product:
   
 Noninterest-bearing demand$18,355,698 $17,480,959 $15,470,239 5.0 %18.7 %
 Interest-bearing checking8,047,826 8,069,468 8,143,893 (0.3)(1.2)
 Money market16,259,299 16,226,097 15,420,318 0.2 5.4 
 Savings1,891,021 1,731,547 1,683,703 9.2 12.3 
 Time deposits25,538,849 25,411,484 24,311,340 0.5 5.0 
 Total deposits$70,092,693 $68,919,555 $65,029,493 1.7 %7.8 %
Deposits by segment/region:
Consumer and Business Banking - U.S.$36,951,120 $35,847,814 $33,407,064 3.1 %10.6 %
Commercial Banking - U.S. (2)
24,910,459 24,829,606 23,593,647 0.3 5.6 
International Branches (3)
4,133,100 3,906,121 3,579,005 5.8 15.5 
Treasury and Other - U.S. (4)
4,098,014 4,336,014 4,449,777 (5.5)(7.9)
Total deposits$70,092,693 $68,919,555 $65,029,493 1.7 %7.8 %
Loan-to-deposit ratio
84.15 %84.34 %84.54 %(19)bps(39)
bps
(1)Includes $13 million, $17 million and $74 million of net deferred loan fees and net unamortized premiums as of June 30, 2026, March 31, 2026 and June 30, 2025, respectively.
(2)Excludes deposits presented under International Branches.
(3)Deposits of our Hong Kong branch and China subsidiary bank branches are a subset of Commercial Banking segment deposits.
(4)Treasury and Other segment deposits reflect wholesale, public funds, and brokered deposits, primarily managed by the Company’s Treasury department.
7

EAST WEST BANCORP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF INCOME
($ and shares in thousands, except per share data)
(unaudited)
Table 3
Three Months Ended
June 30, 2026
% Change
June 30, 2026March 31, 2026June 30, 2025Qtr-o-QtrYr-o-Yr
Interest and dividend income$1,080,823 $1,055,510 $1,058,999 2.4%2.1%
Interest expense396,172 384,317 441,925 3.1(10.4)
Net interest income before provision for credit losses684,651 671,193 617,074 2.011.0
Provision for credit losses33,000 36,000 45,000 (8.3)(26.7)
Net interest income after provision for credit losses651,651 635,193 572,074 2.6%13.9%
Noninterest income:
Commercial and consumer deposit-related fees
31,621 30,619 26,865 3.317.7
 Lending and loan servicing fees27,961 26,070 25,586 7.39.3
 Foreign exchange income14,926 15,447 13,715 (3.4)8.8
 Wealth management fees19,461 22,260 10,725 (12.6)81.5
Customer derivative income
1,895 4,595 3,645 (58.8)(48.0)
Total fee income95,864 98,991 80,536 (3.2)19.0
Derivative mark-to-market and credit valuation adjustments
(732)934 (1,444)NM(49.3)
 Net gains on AFS debt securities2,931 616 746 375.8292.9
Other investment (loss) income(49)2,956 678 NMNM
Other income (loss)8,478 (941)5,662 NM49.7
Total noninterest income106,492 102,556 86,178 3.8%23.6%
Noninterest expense:  
 
Compensation and employee benefits (1)
172,543 172,665 144,841 (0.1)%19.1%
 Occupancy and equipment expense19,553 18,248 16,289 7.220.0
Computer and software related expenses15,433 14,747 13,446 4.714.8
Deposit insurance premiums and regulatory assessments (2)
10,268 8,859 9,133 15.912.4
Deposit account expense8,906 7,533 9,348 18.2(4.7)
Other real estate owned (“OREO”) expense (income)
2,254 (264)(493)NMNM
 Other operating expense38,869 36,542 37,220 6.44.4
Total operating noninterest expense
267,826 258,330 229,784 3.716.6
Amortization of tax credit and CRA investments22,796 21,984 26,236 3.7(13.1)
Total noninterest expense290,622 280,314 256,020 3.713.5
Income before income taxes 467,521 457,435 402,232 2.216.2
Income tax expense103,821 99,639 91,979 4.212.9
Net income $363,700 $357,796 $310,253 1.7%17.2%
Earnings per share (“EPS”)   
- Basic$2.65 $2.59 $2.25 2.1%17.6%
- Diluted $2.63 $2.57 $2.24 2.217.6
Weighted-average number of shares outstanding
- Basic137,450 138,054 137,818 (0.4)%(0.3)%
- Diluted 138,301 138,919 138,789 (0.4)(0.4)
NM - Not meaningful.
(1)Includes $5 million and $6 million of additional compensation expense from the change in equity award expense recognition for retirement eligible employees for the three months ended June 30, 2026 and March 31, 2026, respectively.
(2)Includes $1 million and $833 thousand of FDIC special assessment reversals for the three months ended March 31, 2026 and June 30, 2025, respectively.
8

EAST WEST BANCORP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF INCOME
($ and shares in thousands, except per share data)
(unaudited)
Table 4
 Six Months Ended
June 30, 2026
% Change
  June 30, 2026June 30, 2025Yr-o-Yr
Interest and dividend income$2,136,333 $2,090,801 2.2%
Interest expense780,489 873,526 (10.7)
Net interest income before provision for credit losses1,355,844 1,217,275 11.4
Provision for credit losses69,000 94,000 (26.6)
Net interest income after provision for credit losses1,286,844 1,123,275 14.6%
Noninterest income:
Commercial and consumer deposit-related fees62,240 53,940 15.4
Lending and loan servicing fees54,031 51,816 4.3
Foreign exchange income30,373 29,552 2.8
Wealth management fees41,721 24,404 71.0
Customer derivative income6,490 9,184 (29.3)
Total fee income194,855 168,896 15.4
Derivative mark-to-market and credit valuation adjustments202 (2,914)NM
Net gains on AFS debt securities3,547 877 304.4
Other investment income2,907 2,940 (1.1)
Other income7,537 8,481 (11.1)
Total noninterest income209,048 178,280 17.3%
Noninterest expense:
 
Compensation and employee benefits (1)
345,208 291,276 18.5%
 Occupancy and equipment expense37,801 31,978 18.2
Computer and software related expenses30,180 26,760 12.8
 
Deposit insurance premiums and regulatory assessments (2)
19,127 19,518 (2.0)
Deposit account expense16,439 18,390 (10.6)
OREO expense
1,990 3,673 (45.8)
 Other operating expense75,411 74,595 1.1
Total operating noninterest expense526,156 466,190 12.9
Amortization of tax credit and CRA investments44,780 41,978 6.7
Total noninterest expense570,936 508,168 12.4
Income before income taxes 924,956 793,387 16.6
Income tax expense203,460 192,864 5.5
Net income $721,496 $600,523 20.1%
EPS  
- Basic$5.24 $4.35 20.4%
- Diluted $5.21 $4.32 20.6
Weighted-average number of shares outstanding
- Basic137,757 138,009 (0.2)%
- Diluted 138,568 139,058 (0.4)
NM - Not meaningful.
(1)Includes $11 million of additional compensation expense from the change in equity award expense recognition for retirement eligible employees for the six months ended June 30, 2026.
(2)Includes $1 million of FDIC special assessment reversals for the six months ended June 30, 2026.

9

EAST WEST BANCORP, INC. AND SUBSIDIARIES
SELECTED AVERAGE BALANCES
($ in thousands)
(unaudited)
Table 5
Three Months Ended
June 30, 2026
% Change
Six Months Ended
June 30, 2026
% Change
  June 30, 2026March 31, 2026June 30, 2025Qtr-o-QtrYr-o-YrJune 30, 2026June 30, 2025Yr-o-Yr
Loans:     
Commercial:
 C&I$19,452,052 $18,752,867 $17,363,095 3.7%12.0%$19,104,391 $17,115,622 11.6%
CRE:
 CRE15,532,163 15,424,498 14,864,277 0.74.515,478,628 14,798,445 4.6
 Multifamily residential5,196,260 5,131,257 4,981,155 1.34.35,163,938 4,973,345 3.8
 Construction and land822,119 766,414 689,713 7.319.2794,420 682,738 16.4
Total CRE21,550,542 21,322,169 20,535,145 1.14.921,436,986 20,454,528 4.8
Consumer:
Residential mortgage:
 Single-family residential15,186,553 15,013,979 14,477,173 1.14.915,100,743 14,358,594 5.2
 HELOCs1,987,280 1,914,101 1,858,881 3.86.91,950,892 1,835,084 6.3
Total residential mortgage17,173,833 16,928,080 16,336,054 1.55.117,051,635 16,193,678 5.3
Other consumer53,075 51,533 47,138 3.012.652,309 48,351 8.2
 
Total loans (1)
$58,229,502 $57,054,649 $54,281,432 2.1%7.3%$57,645,321 $53,812,179 7.1%
Interest-earning assets$80,089,545 $77,967,079 $73,903,125 2.7%8.4%$79,034,175 $73,314,428 7.8%
Total assets$83,150,969 $81,080,258 $76,862,028 2.6%8.2%$82,121,334 $76,246,907 7.7%
Deposits:     
Noninterest-bearing demand$17,362,645 $16,877,461 $15,114,806 2.9%14.9%$17,121,393 $15,109,447 13.3%
Interest-bearing checking7,530,547 7,652,611 7,597,103 (1.6)(0.9)7,591,242 7,672,963 (1.1)
Money market16,545,079 16,203,527 15,325,928 2.18.016,375,246 15,081,131 8.6
Savings1,905,782 1,701,913 1,745,220 12.09.21,804,410 1,749,062 3.2
Time deposits25,353,592 25,112,122 23,894,775 1.06.125,233,524 23,547,978 7.2
Total deposits$68,697,645 $67,547,634 $63,677,832 1.7%7.9%$68,125,815 $63,160,581 7.9%
(1)Includes loans HFS.

10

EAST WEST BANCORP, INC. AND SUBSIDIARIES
QUARTER-TO-DATE AVERAGE BALANCES, YIELDS AND RATES
($ in thousands)
(unaudited)
Table 6
  Three Months Ended
  June 30, 2026March 31, 2026
  
Average Balance
Interest
Average Yield/Rate (1)
Average Balance
Interest
Average Yield/Rate (1)
Assets      
Interest-earning assets:      
 Interest-bearing cash and deposits with banks$3,985,838 $31,216 3.14%$3,865,615 $29,851 3.13%
 Resale agreements425,000 1,624 1.53%425,000 1,625 1.55%
Debt securities:
 AFS14,441,915 158,285 4.40%13,609,231 148,164 4.42%
HTM2,849,553 12,044 1.70%2,861,401 12,014 1.70%
Total debt securities17,291,468 170,329 3.95%16,470,632 160,178 3.94%
Loans:
C&I19,452,052 304,621 6.28%18,752,867 297,315 6.43%
CRE21,550,542 320,535 5.97%21,322,169 315,923 6.01%
Residential mortgage17,173,833 248,541 5.80%16,928,080 244,884 5.87%
Other consumer53,075 792 5.98%51,533 756 5.95%
 
Total loans (2)
58,229,502 874,489 6.02%57,054,649 858,878 6.11%
 FHLB and FRB stock157,737 3,165 8.05%151,183 4,978 13.35%
 Total interest-earning assets$80,089,545 $1,080,823 5.41%$77,967,079 $1,055,510 5.49%
Noninterest-earning assets:      
 Cash and due from banks311,337 450,219   
 
Allowance for loan, lease and securities’ losses
(854,564)(836,828)  
 Other assets 3,604,651 3,499,788   
 Total assets$83,150,969   $81,080,258   
Liabilities and Stockholders’ Equity     
Interest-bearing liabilities:      
 Checking deposits $7,530,547 $37,692 2.01%$7,652,611 $39,445 2.09%
 Money market deposits16,545,079 108,628 2.63%16,203,527 104,878 2.62%
 Savings deposits1,905,782 4,511 0.95%1,701,913 3,010 0.72%
 Time deposits25,353,592 208,591 3.30%25,112,122 208,079 3.36%
Total interest-bearing deposits
51,335,000 359,422 2.81%50,670,173 355,412 2.84%
 
Short-term borrowings and federal funds purchased
364 5 5.08%567 4 2.84%
 FHLB advances3,041,759 29,455 3.88%2,577,223 25,004 3.93%
Repurchase agreements
707,880 6,680 3.79%350,075 3,290 3.81%
 Long-term debt and finance lease liabilities35,480 610 6.89%35,566 607 6.93%
 Total interest-bearing liabilities$55,120,483 $396,172 2.88%$53,633,604 $384,317 2.91%
Noninterest-bearing liabilities and stockholders’ equity:    
 Demand deposits17,362,645 16,877,461 
 Accrued expenses and other liabilities1,553,445 1,521,820 
 Stockholders’ equity 9,114,396 9,047,373 
 Total liabilities and stockholders’ equity $83,150,969 $81,080,258 
Total deposits
$68,697,645 $359,422 2.10%$67,547,634 $355,412 2.13%
Interest rate spread 2.53%2.58%
Net interest income and net interest margin $684,651 3.43%$671,193 3.49%
(1)Annualized.
(2)Includes loans HFS.
11

EAST WEST BANCORP, INC. AND SUBSIDIARIES
QUARTER-TO-DATE AVERAGE BALANCES, YIELDS AND RATES
($ in thousands)
(unaudited)
Table 7
 Three Months Ended
June 30, 2026June 30, 2025
Average Balance
Interest
Average Yield/Rate (1)
Average Balance
Interest
Average Yield/Rate (1)
Assets      
Interest-earning assets:      
 Interest-bearing cash and deposits with banks$3,985,838 $31,216 3.14%$3,699,036 $34,935 3.79%
 
Resale agreements
425,000 1,624 1.53%425,000 1,624 1.53%
Debt securities:
 AFS14,441,915 158,285 4.40%12,435,531 141,496 4.56%
HTM2,849,553 12,044 1.70%2,896,410 12,292 1.70%
Total debt securities17,291,468 170,329 3.95%15,331,941 153,788 4.02%
Loans:
C&I19,452,052 304,621 6.28%17,363,095 303,791 7.02%
CRE21,550,542 320,535 5.97%20,535,145 319,666 6.24%
Residential mortgage17,173,833 248,541 5.80%16,336,054 241,666 5.93%
Other consumer53,075 792 5.98%47,138 572 4.86%
 
Total loans (2)
58,229,502 874,489 6.02%54,281,432 865,695 6.40%
 FHLB and FRB stock157,737 3,165 8.05%165,716 2,957 7.16%
 Total interest-earning assets$80,089,545 $1,080,823 5.41%$73,903,125 $1,058,999 5.75%
Noninterest-earning assets:      
 Cash and due from banks311,337 350,343   
 Allowance for loan and lease losses(854,564)(745,121)  
 Other assets 3,604,651 3,353,681   
 Total assets$83,150,969   $76,862,028   
Liabilities and Stockholders’ Equity     
Interest-bearing liabilities:      
 Checking deposits $7,530,547 $37,692 2.01%$7,597,103 $47,013 2.48%
 Money market deposits 16,545,079 108,628 2.63%15,325,928 124,282 3.25%
 Savings deposits 1,905,782 4,511 0.95%1,745,220 3,700 0.85%
 Time deposits 25,353,592 208,591 3.30%23,894,775 225,593 3.79%
Total interest-bearing deposits
51,335,000 359,422 2.81%48,563,026 400,588 3.31%
 Short-term borrowings and federal funds purchased364 5 5.08%659 1 0.66%
 FHLB advances3,041,759 29,455 3.88%3,500,003 39,313 4.51%
Repurchase agreements707,880 6,680 3.79%119,061 1,352 4.55%
 Long-term debt and finance lease liabilities35,480 610 6.89%35,811 671 7.52%
 Total interest-bearing liabilities$55,120,483 $396,172 2.88%$52,218,560 $441,925 3.39%
Noninterest-bearing liabilities and stockholders’ equity:     
 Demand deposits 17,362,645 15,114,806 
 Accrued expenses and other liabilities1,553,445 1,458,680 
 Stockholders’ equity 9,114,396 8,069,982 
 Total liabilities and stockholders’ equity $83,150,969 $76,862,028 
Total deposits
$68,697,645 $359,422 2.10%$63,677,832 $400,588 2.52%
Interest rate spread 2.53%2.36%
Net interest income and net interest margin $684,651 3.43%$617,074 3.35%
(1)Annualized.
(2)Includes loans HFS.

12

EAST WEST BANCORP, INC. AND SUBSIDIARIES
YEAR-TO-DATE AVERAGE BALANCES, YIELDS AND RATES
($ in thousands)
(unaudited)
Table 8
 Six Months Ended
June 30, 2026June 30, 2025
Average Balance
Interest
Average Yield/Rate (1)
Average Balance
Interest
Average Yield/Rate (1)
Assets      
Interest-earning assets:      
 Interest-bearing cash and deposits with banks$3,926,059 $61,067 3.14%$3,906,499 $74,072 3.82%
 
Resale agreements
425,000 3,249 1.54%425,000 3,234 1.53%
Debt securities:
 AFS14,027,873 306,449 4.41%12,102,837 277,015 4.62%
HTM2,855,444 24,058 1.70%2,902,373 24,557 1.71%
Total debt securities16,883,317 330,507 3.95%15,005,210 301,572 4.05%
Loans:
C&I19,104,391 601,936 6.35%17,115,622 597,205 7.04%
CRE21,436,986 636,458 5.99%20,454,528 631,052 6.22%
Residential mortgage17,051,635 493,425 5.84%16,193,678 476,557 5.93%
Other consumer52,309 1,548 5.97%48,351 1,293 5.39%
 
Total loans (2)
57,645,321 1,733,367 6.06%53,812,179 1,706,107 6.39%
 FHLB and FRB stock154,478 8,143 10.63%165,540 5,816 7.08%
 Total interest-earning assets$79,034,175 $2,136,333 5.45%$73,314,428 $2,090,801 5.75%
Noninterest-earning assets:      
 Cash and due from banks380,395 347,797   
 
Allowance for loan, lease and securities’ losses
(845,745)(730,768)  
 Other assets 3,552,509 3,315,450   
 Total assets$82,121,334 $76,246,907   
Liabilities and Stockholders’ Equity     
Interest-bearing liabilities:      
 Checking deposits$7,591,242 $77,137 2.05%$7,672,963 $94,924 2.49%
 Money market deposits16,375,246 213,506 2.63%15,081,131 240,300 3.21%
 Savings deposits1,804,410 7,521 0.84%1,749,062 7,147 0.82%
 Time deposits25,233,524 416,670 3.33%23,547,978 450,198 3.86%
Total interest-bearing deposits
51,004,422 714,834 2.83%48,051,134 792,569 3.33%
 Short-term borrowings and federal funds purchased465 9 3.73%544 7 2.56%
 FHLB advances2,810,775 54,459 3.91%3,500,002 78,179 4.50%
 Repurchase agreements529,966 9,970 3.79%63,183 1,429 4.56%
Long-term debt and finance lease liabilities35,523 1,217 6.91%35,864 1,342 7.55%
 Total interest-bearing liabilities$54,381,151 $780,489 2.89%$51,650,727 $873,526 3.41%
Noninterest-bearing liabilities and stockholders’ equity:
 Demand deposits17,121,393 15,109,447 
 Accrued expenses and other liabilities1,537,720 1,516,650 
 Stockholders’ equity 9,081,070 7,970,083 
 Total liabilities and stockholders’ equity $82,121,334 $76,246,907 
Total deposits
$68,125,815 $714,834 2.12%$63,160,581 $792,569 2.53%
Interest rate spread 2.56%2.34%
Net interest income and net interest margin $1,355,844 3.46%$1,217,275 3.35%
(1)Annualized.
(2)Includes loans HFS.


13

EAST WEST BANCORP, INC. AND SUBSIDIARIES
SELECTED RATIOS
(unaudited)
Table 9
Three Months Ended (1)
June 30, 2026
Basis Point Change
  June 30, 2026March 31, 2026June 30, 2025Qtr-o-QtrYr-o-Yr
 Return on average assets1.75%1.79%1.62%(4)bps13 bps
Adjusted return on average assets (2)
1.75%1.79%1.65%(4)10 
 Return on average common equity 16.01%16.04%15.42%(3)59 
Adjusted return on average common equity (2)
16.01%16.01%15.71%— 30 
Return on average TCE (3)
16.88%16.92%16.39%(4)49 
Adjusted return on average TCE (3)
16.88%16.89%16.69%(1)19 
 Interest rate spread2.53%2.58%2.36%(5)17 
 Net interest margin3.43%3.49%3.35%(6)8 
Average loan yield6.02%6.11%6.40%(9)(38)
 Yield on average interest-earning assets5.41%5.49%5.75%(8)(34)
Average cost of interest-bearing deposits2.81%2.84%3.31%(3)(50)
 Average cost of deposits2.10%2.13%2.52%(3)(42)
 Average cost of funds2.19%2.21%2.63%(2)(44)
Operating noninterest expense/average assets1.29%1.29%1.20%— 9 
Efficiency ratio36.73%36.23%36.41%50 32 
Adjusted efficiency ratio (4)
36.73%36.36%36.52%37 21 
Efficiency ratio (fully taxable equivalent) (“FTE”) (4)
36.68%36.17%36.32%51 36 
Adjusted efficiency ratio (FTE) (4)
36.68%36.30%36.44%38 24 
Effective tax rate22.21%21.78%22.87%43 (66)
Adjusted effective tax rate (2)
22.21%21.78%21.28%43 bps93 bps
Six Months Ended (1)
June 30, 2026
Basis Point Change
June 30, 2026June 30, 2025Yr-o-Yr
Return on average assets1.77%1.59%18 bps
Adjusted return on average assets (2)
1.77%1.61%16 
Return on average common equity 16.02%15.19%83 
Adjusted return on average common equity (2)
16.01%15.36%65 
Return on average TCE (3)
16.90%16.16%74 
Adjusted return on average TCE (3)
16.89%16.33%56 
Interest rate spread2.56%2.34%22 
Net interest margin3.46%3.35%11 
Average loan yield6.06%6.39%(33)
Yield on average interest-earning assets5.45%5.75%(30)
Average cost of interest-bearing deposits2.83%3.33%(50)
Average cost of deposits2.12%2.53%(41)
Average cost of funds2.20%2.64%(44)
Operating noninterest expense/average assets1.29%1.23%6 
Efficiency ratio36.48%36.41%7 
Adjusted efficiency ratio (4)
36.55%36.41%14 
Efficiency ratio (FTE) (4)
36.43%36.34%9 
Adjusted efficiency ratio (FTE) (4)
36.49%36.34%15 
Effective tax rate22.00%24.31%(231)
Adjusted effective tax rate (2)
22.00%23.50%(150)bps
(1)Annualized except for efficiency ratio and effective tax rate.
(2)Adjusted return on average assets, adjusted return on average common equity and adjusted effective tax rate are non-GAAP financial measures. See reconciliation of GAAP to non-GAAP financial measures in Table 12.
(3)Return on average TCE and adjusted return on average TCE are non-GAAP financial measures. See reconciliation of GAAP to non-GAAP financial measures in Table 14.
(4)Adjusted efficiency ratio, efficiency ratio (FTE) and adjusted efficiency ratio (FTE) are non-GAAP financial measures. See reconciliation of GAAP to non-GAAP financial measures in Table 13.
14

EAST WEST BANCORP, INC. AND SUBSIDIARIES
ALLOWANCE FOR CREDIT LOSSES
($ in thousands)
(unaudited)
Table 10
Three Months Ended June 30, 2026
CommercialConsumer
CREResidential Mortgage
($ in thousands)C&ICREMultifamily ResidentialConstruction and LandSFRHELOCsOther ConsumerTotal
ALLL, March 31, 2026
$483,384 $231,802 $39,446 $17,170 $56,883 $5,899 $1,290 $835,874 
Provision for credit losses on loans(a)18,928 5,145 882 2,799 4,273 670 227 32,924 
Gross charge-offs(21,960)(6,848)— (1)(31)(11)(18)(28,869)
Gross recoveries394 1,252 12 — 123 2 3 1,786 
Total net (charge-offs) recoveries
(21,566)(5,596)12 (1)92 (9)(15)(27,083)
Foreign currency translation adjustment341 — — — — — — 341 
ALLL, June 30, 2026
$481,087 $231,351 $40,340 $19,968 $61,248 $6,560 $1,502 $842,056 


Three Months Ended March 31, 2026
CommercialConsumer
CREResidential Mortgage
($ in thousands)C&ICREMultifamily ResidentialConstruction and LandSFRHELOCsOther 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 June 30, 2025
CommercialConsumer
CREResidential Mortgage
($ in thousands)C&ICREMultifamily ResidentialConstruction and LandSFRHELOCsOther ConsumerTotal
ALLL, March 31, 2025
$421,288 $212,899 $32,324 $15,199 $46,929 $4,879 $1,338 $734,856 
Provision for (reversal of) credit losses on loans(a)27,595 8,007 (3,274)2,654 5,064 369 (259)40,156 
Gross charge-offs(8,151)(8,306)(3)— — — (4)(16,464)
Gross recoveries1,504 18 26 3 4 8 250 1,813 
Total net (charge-offs) recoveries (6,647)(8,288)23 3 4 8 246 (14,651)
Foreign currency translation adjustment55 — — — — — — 55 
ALLL, June 30, 2025
$442,291 $212,618 $29,073 $17,856 $51,997 $5,256 $1,325 $760,416 
15

EAST WEST BANCORP, INC. AND SUBSIDIARIES
ALLOWANCE FOR CREDIT LOSSES
($ in thousands)
(unaudited)
Table 10 (continued)
Six Months Ended June 30, 2026
CommercialConsumer
CREResidential Mortgage
($ in thousands)C&ICREMultifamily ResidentialConstruction and LandSFRHELOCsOther 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)36,820 16,305 3,762 5,392 7,792 762 (35)70,798 
Gross charge-offs(40,345)(8,153)— (894)(152)(11)(93)(49,648)
Gross recoveries8,312 1,705 23 2 145 5 254 10,446 
Total net (charge-offs) recoveries(32,033)(6,448)23 (892)(7)(6)161 (39,202)
Foreign currency translation adjustment687 — — — — — — 687 
ALLL, June 30, 2026
$481,087 $231,351 $40,340 $19,968 $61,248 $6,560 $1,502 $842,056 
Six Months Ended June 30, 2025
CommercialConsumer
CREResidential Mortgage
($ in thousands)C&ICREMultifamily ResidentialConstruction and LandSFRHELOCsOther 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)63,965 16,112 (3,073)2,349 7,136 2,108 (379)88,218 
Gross charge-offs(9,139)(22,243)(7)(1,996)(9)— (53)(33,447)
Gross recoveries3,068 72 36 6 54 16 263 3,515 
Total net (charge-offs) recoveries(6,071)(22,171)29 (1,990)45 16 210 (29,932)
Foreign currency translation adjustment78 — — — — — — 78 
ALLL, June 30, 2025
$442,291 $212,618 $29,073 $17,856 $51,997 $5,256 $1,325 $760,416 

Three Months EndedSix Months Ended
($ in thousands)June 30, 2026March 31, 2026June 30, 2025June 30, 2026June 30, 2025
Unfunded Credit Facilities
Allowance for unfunded credit commitments, beginning of period (1)
$47,005 $48,690 $40,464 $48,690 $39,526 
Provision for (reversal of) credit losses on unfunded credit commitments(b)76 (1,682)4,844 (1,606)5,782 
Foreign currency translation adjustment(4)(3)(1)(7)(1)
Allowance for unfunded credit commitments, end of period (1)
$47,077 $47,005 $45,307 $47,077 $45,307 
Provision for credit losses:
Provision for credit losses on loans and unfunded credit commitments
(a)+(b)$33,000 $36,192 $45,000 $69,192 $94,000 
Reversal of credit losses on AFS debt securities(c)— (192)— (192)— 
Total provision for credit losses
(a)+(b)+(c)$33,000 $36,000 $45,000 $69,000 $94,000 
(1)Included in Accrued expenses and other liabilities on the Condensed Consolidated Balance Sheet.
16

EAST WEST BANCORP, INC. AND SUBSIDIARIES
CRITICIZED LOANS, NONPERFORMING ASSETS, CREDIT QUALITY RATIOS AND
COMPOSITION OF ALLOWANCE BY PORTFOLIO
($ in thousands)
(unaudited)
Table 11
Criticized LoansJune 30, 2026March 31, 2026June 30, 2025
Special mention loans$433,342 $316,230 $446,665 
Classified loans854,382 913,386 736,228 
Total criticized loans (1)
$1,287,724 $1,229,616 $1,182,893 
(1)Excludes loans HFS.

Nonperforming Assets
June 30, 2026March 31, 2026June 30, 2025
Nonaccrual loans:
Commercial:
C&I$48,692 $61,063 $71,894 
Total CRE89,122 56,104 9,420 
Consumer:
Total residential mortgage67,082 63,452 58,003 
Other consumer62 29 137 
Total nonaccrual loans204,958 180,648 139,454 
OREO, net
24,576 14,917 32,224 
Nonperforming loans HFS17,425 20,759 — 
Total nonperforming assets$246,959 $216,324 $171,678 
Credit Quality RatiosJune 30, 2026March 31, 2026June 30, 2025
Annualized quarterly net charge-offs to average loans HFI 0.19 %0.09 %0.11 %
Annualized YTD net charge-offs to YTD average loans HFI0.14 %0.09 %0.11 %
Special mention loans to loans HFI0.73 %0.54 %0.81 %
Classified loans to loans HFI1.45 %1.57 %1.34 %
Criticized loans to loans HFI2.18 %2.12 %2.15 %
Nonperforming assets to total assets0.29 %0.26 %0.22 %
Nonaccrual loans to loans HFI0.35 %0.31 %0.25 %
ALLL to loans HFI
1.43 %1.44 %1.38 %

Composition of ALLL by Portfolio
June 30, 2026March 31, 2026June 30, 2025
Loan CategoryALLLALLL/
Loans HFI		ALLLALLL/
Loans HFI		ALLLALLL/
Loans HFI
C&I$481,087 2.42 %$483,384 2.47 %$442,291 2.48 %
Total CRE291,659 1.35 288,418 1.35 259,547 1.26 
Multifamily40,340 0.77 39,446 0.77 29,073 0.58 
Office65,489 2.85 65,546 2.87 60,354 2.78 
All other CRE185,830 1.32 183,426 1.31 170,120 1.26 
Total residential mortgage67,808 0.39 62,782 0.37 57,253 0.35 
Other consumer1,502 2.65 1,290 2.48 1,325 2.65 
Total loans$842,056 1.43 %$835,874 1.44 %$760,416 1.38 %

17

EAST WEST BANCORP, INC. AND SUBSIDIARIES
GAAP TO NON-GAAP RECONCILIATION
($ in thousands)
(unaudited)
Table 12
On June 30, 2025, the California single sales factor apportionment method (“CA SSF”) was approved for financial institutions in the 2025 tax year, which resulted in $6 million of additional income tax expense recorded in the second quarter of 2025. The table below provides the computation of the Company’s effective tax rate and adjusted effective tax rate excluding the impact of the CA SSF. Management believes that presenting the adjusted effective tax rate computation allows comparability among different periods.
Three Months EndedSix Months Ended
June 30, 2026March 31, 2026June 30, 2025June 30, 2026June 30, 2025
Income tax expense(a)$103,821 $99,639 $91,979 $203,460 $192,864 
Less: Impact of the CA SSF(b)— — (6,391)— (6,391)
Adjusted income tax expense(c)=(a)+(b)$103,821 $99,639 $85,588 $203,460 $186,473 
Income before income taxes(d)467,521 457,435 402,232 924,956 793,387 
Effective tax rate(a)/(d)22.21 %21.78 %22.87 %22.00 %24.31 %
Less: Impact of the CA SSF(b)/(d)— %— %(1.59)%— %(0.81)%
Adjusted effective tax rate(c)/(d)22.21 %21.78 %21.28 %22.00 %23.50 %
Adjusted net income and adjusted diluted EPS represent net income and diluted EPS adjusted for the tax-effected impacts of the FDIC special assessment reversals and the impact of the CA SSF. Management believes that presenting the computations of the adjusted net income, adjusted diluted EPS, adjusted return on average assets and adjusted return on average common equity provide clarity to financial statement users regarding the ongoing performance of the Company and allow comparability to prior periods.
•FDIC special assessment reversals are included in Deposit insurance premiums and regulatory assessments on the Condensed Consolidated Statement of Income.
•During the second quarter of 2025, the Company recorded $6 million of additional income tax expense due to the impact of the CA SSF.
Three Months EndedSix Months Ended
June 30, 2026March 31, 2026June 30, 2025June 30, 2026June 30, 2025
Net income(a)$363,700 $357,796 $310,253 $721,496 $600,523 
Less: FDIC special assessment reversals(b)— (1,015)(833)(1,015)— 
Tax effects of adjustments (1)
(b)— 284 235 284 — 
Add: Impact of the CA SSF(b)— — 6,391 — 6,391 
Adjusted net income(c)=(a)+∑(b)$363,700 $357,065 $316,046 $720,765 $606,914 
Diluted weighted-average number of shares outstanding(d)138,301 138,919 138,789 138,568 139,058 
Diluted EPS(e)$2.63 $2.57 $2.24 $5.21 $4.32 
Less: FDIC special assessment reversals(f)— — (0.01)(0.01)— 
Tax effects of adjustments (1)
(f)— — — — — 
Add: Impact of the CA SSF(f)— — 0.05 — 0.05 
Adjusted diluted EPS(g)=(e)+∑(f)$2.63 $2.57 $2.28 $5.20 $4.37 
Average total assets(h)$83,150,969 $81,080,258 $76,862,028 $82,121,334 $76,246,907 
Average stockholders’ equity(i)$9,114,396 $9,047,373 $8,069,982 $9,081,070 $7,970,083 
Return on average assets (2)
(a)/(h)1.75%1.79%1.62%1.77%1.59%
Adjusted return on average assets (2)
(c)/(h)1.75%1.79%1.65%1.77%1.61%
Return on average common equity (2)
(a)/(i)16.01%16.04%15.42%16.02%15.19%
Adjusted return on average common equity (2)
(c)/(i)16.01%16.01%15.71%16.01%15.36%
(1)Applied statutory tax rate of 28.02% for the three and six months ended June 30, 2026, and the three months ended March 31, 2026. Applied statutory tax rate of 28.18% for the three and six months ended June 30, 2025.
(2)Annualized.
18

EAST WEST BANCORP, INC. AND SUBSIDIARIES
GAAP TO NON-GAAP RECONCILIATION
($ in thousands)
(unaudited)
Table 13
The Company uses certain non-GAAP financial measures to provide supplemental information regarding the Company’s performance. Non-GAAP measures used consist of FTE net interest income and total revenue. The FTE adjustment relates to tax exempt interest on certain investment securities and loans. Adjusted noninterest expense reflects the FDIC special assessment.

Efficiency ratio (FTE) represents noninterest expense divided by total revenue (FTE). Adjusted efficiency ratio and adjusted efficiency ratio (FTE) reflect the impacts of the aforementioned adjustments. Pre-tax, pre-provision income (FTE) represents total revenue (FTE) less noninterest expense. Adjusted pre-tax, pre-provision income (FTE) represents total revenue (FTE) less adjusted noninterest expense.
Three Months EndedSix Months Ended
June 30, 2026March 31, 2026June 30, 2025June 30, 2026June 30, 2025
Net interest income before provision for credit losses(a)$684,651 $671,193 $617,074 $1,355,844 $1,217,275 
FTE adjustment(b)1,196 1,250 1,603 2,446 2,749 
FTE net interest income before provision for credit losses(c)=(a)+(b)685,847 672,443 618,677 1,358,290 1,220,024 
Total noninterest income(d)106,492 102,556 86,178 209,048 178,280 
Total revenue(e)=(a)+(d)791,143 773,749 703,252 1,564,892 1,395,555 
Total revenue (FTE)(f)=(c)+(d)$792,339 $774,999 $704,855 $1,567,338 $1,398,304 
Total noninterest expense(g)$290,622 $280,314 $256,020 $570,936 $508,168 
Add: FDIC special assessment reversals(h)— 1,015 833 1,015 — 
Adjusted noninterest expense(i)=(g)+(h)$290,622 $281,329 $256,853 $571,951 $508,168 
Efficiency ratio(g)/(e)36.73 %36.23 %36.41 %36.48 %36.41 %
Adjusted efficiency ratio(i)/(e)36.73 %36.36 %36.52 %36.55 %36.41 %
Efficiency ratio (FTE)(g)/(f)36.68 %36.17 %36.32 %36.43 %36.34 %
Adjusted efficiency ratio (FTE)(i)/(f)36.68 %36.30 %36.44 %36.49 %36.34 %
Pre-tax, pre-provision income (“PTPP”)(e)-(g)$500,521 $493,435 $447,232 $993,956 $887,387 
PTPP (FTE)(f)-(g)$501,717 $494,685 $448,835 $996,402 $890,136 
Adjusted PTPP (FTE)(f)-(i)$501,717 $493,670 $448,002 $995,387 $890,136 



19

EAST WEST BANCORP, INC. AND SUBSIDIARIES
GAAP TO NON-GAAP RECONCILIATION
($ in thousands)
(unaudited)
Table 14   
The Company uses certain non-GAAP financial measures to provide supplemental information regarding the Company’s performance. Tangible book value, tangible book value per share and TCE ratio are non-GAAP financial measures. Tangible book value and tangible assets represent stockholders’ equity and total assets, respectively, which have been reduced by goodwill and mortgage servicing assets. Given that the use of such measures and ratios is more prevalent in the banking industry, and are used by banking regulators and analysts, the Company has included them below for discussion.
 June 30, 2026March 31, 2026June 30, 2025
Common stock$171 $171 $170 
Additional paid-in capital2,151,229 2,131,219 2,060,115 
Retained earnings8,800,428 8,547,820 7,744,221 
Treasury stock(1,292,113)(1,291,555)(1,140,359)
Accumulated other comprehensive income:
AFS debt securities net unrealized losses(396,324)(383,753)(466,568)
Cash flow hedges net unrealized (losses) gains(4,637)12,034 28,622 
Foreign currency translation adjustments(12,825)(16,501)(24,434)
Total accumulated other comprehensive loss(413,786)(388,220)(462,380)
Stockholders’ equity (a)$9,245,929 $8,999,435 $8,201,767 
Less: Goodwill(465,697)(465,697)(465,697)
Mortgage servicing assets(3,736)(3,978)(4,628)
Tangible book value(b)$8,776,496 $8,529,760 $7,731,442 
Number of common shares at period-end(c)137,011 136,979 137,816 
Book value per share(a)/(c)$67.48 $65.70 $59.51 
Tangible book value per share (b)/(c)$64.06 $62.27 $56.10 
Total assets(d)$84,763,472 $82,886,152 $78,158,067 
Less: Goodwill(465,697)(465,697)(465,697)
Mortgage servicing assets(3,736)(3,978)(4,628)
Tangible assets (e)$84,294,039 $82,416,477 $77,687,742 
Total stockholders’ equity to assets ratio(a)/(d)10.91%10.86%10.49%
TCE ratio (b)/(e)10.41%10.35%9.95%

20

EAST WEST BANCORP, INC. AND SUBSIDIARIES
GAAP TO NON-GAAP RECONCILIATION
($ in thousands)
(unaudited)
Table 14 (continued)
Return on average TCE represents tangible net income divided by average tangible book value. Tangible net income excludes the after-tax impacts of the amortization of mortgage servicing assets. Adjusted return on average TCE represents adjusted tangible net income divided by average tangible book value. Adjusted tangible net income is tangible net income excluding the tax-effected impacts of the FDIC special assessment reversals and the impact of the CA SSF. Given that the use of such measures and ratios is more prevalent in the banking industry, and are used by banking regulators and analysts, the Company has included them below for discussion.
Three Months EndedSix Months Ended
June 30, 2026March 31, 2026June 30, 2025June 30, 2026June 30, 2025
Net income(f)$363,700 $357,796 $310,253 $721,496 $600,523 
Add: Amortization of mortgage servicing assets264 149 316 413 609 
Tax effect of amortization adjustment (1)
(74)(42)(89)(116)(172)
Tangible net income(g)$363,890 $357,903 $310,480 $721,793 $600,960 
Less: FDIC special assessment reversals — (1,015)(833)(1,015)— 
Tax effects of adjustments (1)
— 284 235 284 — 
Add: Impact of the CA SSF
— — 6,391 — 6,391 
Adjusted tangible net income(h)$363,890 $357,172 $316,273 $721,062 $607,351 
Average stockholders’ equity (i)$9,114,396 $9,047,373 $8,069,982 $9,081,070 $7,970,083 
Less: Average goodwill(465,697)(465,697)(465,697)(465,697)(465,697)
Average mortgage servicing assets(3,884)(4,025)(4,825)(3,954)(4,971)
Average tangible book value(j)$8,644,815 $8,577,651 $7,599,460 $8,611,419 $7,499,415 
Return on average common equity (2)
(f)/(i)16.01%16.04%15.42%16.02%15.19%
Return on average TCE (2)
(g)/(j)16.88%16.92%16.39%16.90%16.16%
Adjusted return on average TCE (2)
(h)/(j)16.88%16.89%16.69%16.89%16.33%
(1)Applied statutory tax rate of 28.02% for the three and six months ended June 30, 2026, and the three months ended March 31, 2026. Applied statutory tax rate of 28.18% for the three and six months ended June 30, 2025.
(2)Annualized.
21
2Q 26 EWBC NasdaqListed East West Bancorp, Inc. 2Q Earnings Presentation July 21, 2026

 

2 Forward-Looking Statements and Additional Information In this presentation, “we”, “our”, “us”, “East West” and the “Company” refer to East West Bancorp, Inc., and its consolidated subsidiaries unless the context indicates otherwise. Forward-Looking Statements This presentation contains forward-looking statements that are intended to be covered by the safe harbor for such statements provided by the Private Securities Litigation Reform Act of 1995. These statements are based on the current assumptions, beliefs, estimates, and projections, many of which, by their nature, are inherently uncertain and beyond our control. You should not place undue reliance on these statements. There are various important factors that could cause the Company’s future results to differ materially from historical performance and any forward-looking statements, including the factors described in the Company’s filings with the Securities and Exchange Commission, including the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and in its subsequent Quarterly Reports on Form 10-Q. When considering these forward-looking statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements the Company may make. These statements speak only as of the date they are made and are based only on information then actually known to the Company. The Company does not undertake, and specifically disclaims, any obligation to update or revise any forward-looking statements, whether written or oral, except as required by law. Basis of Presentation The preparation of the Company’s consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements, income and expenses during the reporting periods, and the related disclosures. Although our estimates consider current conditions and how we expect them to change in the future, it is reasonably possible that actual results could be materially different from those estimates. Hence, the current period’s results of operations are not necessarily indicative of results that may be expected for any future interim period or for the year as a whole. Certain prior period information has been reclassified to conform to the current presentation. Industry Information This presentation includes statistical and other industry and market data that we obtained from government reports and other third-party sources. Although we believe that this information is accurate and reliable, we have not independently verified such information. Forward-looking information that we have obtained from these sources is subject to the same uncertainties and qualifications as other forward-looking statements contained herein. Non-GAAP Financial Measures Certain financial information in this presentation has not been prepared in accordance with GAAP and is presented on a non-GAAP basis. Investors should refer to the reconciliations included in the appendix to this presentation and should consider the Company’s non-GAAP measures in addition to, not as a substitute for or superior to, measures prepared in accordance with GAAP. These measures may not be comparable to similarly titled measures used by other companies.

 

3 2Q26 Financial Highlights 2Q26 net income of $364 million or $2.63 diluted quarterly earnings per share; diluted EPS up 18% Y-o-Y ▪ Grew EOP deposits 8% Y-o-Y − Strong growth Q-o-Q from noninterest bearing demand; total DDA up 19% Y-o-Y ▪ Grew EOP loans 7% Y-o-Y − Growth in resi. mortgage and C&I bolstering diversification ▪ Record revenue of $791mm, up 12% Y-o-Y ▪ Record NII of $685mm, up 11%Y-o-Y ▪ Record noninterest income of $106mm ▪ Total fee income of $96mm, up 19% Y-o-Y − Notable quarterly strength in deposit account and lending fees ▪ Net charge-offs at $27mm, or 19bps annualized - YTD net charge-offs of 14bps annualized ▪ Nonperforming assets at 29bps ▪ Provision for credit losses of $33mm ▪ Healthy ALLL at 1.43% Balanced Growth Record Revenue, NII, and Noninterest Income Resilient Asset Quality Position of Significant Strength (1) See reconciliation of GAAP to non-GAAP financial measures in the appendix and in the Company’s earnings press releases ▪ 10.4% Tangible Common Equity (TCE)1 ratio ▪ 16% ROACE (17% ROTCE)1 ▪ Book value per share up 13% Y-o-Y, tangible book value per share1 up 14% Y-o-Y ▪ Declared 3Q26 dividend of $0.80

 

15.1 15.8 16.4 16.9 17.4 9.4 9.2 9.2 9.3 9.4 15.3 16.6 16.0 16.2 16.5 23.9 24.6 25.2 25.1 25.4 $63.7 $66.2 $66.8 $67.5 $68.7 2Q25 3Q25 4Q25 1Q26 2Q26 4 4 Year CAGRs +11% Deposits Strong noninterest-bearing deposit growth Q-o-Q ($ in billions) Average Deposits End of Period Deposit Growth by Category (1Q26 to 2Q26) ($ in millions) +8% +1% +6% +15% Y-o-Y +8% Time MMDA IB Checking & Savings Noninterest-bearing Demand (DDA) +$1,173mm $33 $127 $138 $875 Money Market Time IB Checking & Savings Noninterest-bearing Demand

 

5 4 Year CAGRs +11% Loans Bolstered diversification, with prudent Q-o-Q growth in our focus categories ($ in billions) Average Loans End of Period Loan Growth by Category (1Q26 to 2Q26) ($ in millions) +5% +5% +12% +4% C&I CRE (ex. Multifamily)Residential mortgage & other consumer Multifamily Y-o-Y +7% +$853mm $115 $122 $307 $309 CRE (ex. Multifamily) Multifamily C&I Residential mortgage & other consumer 15.5 15.9 16.0 16.2 16.4 5.0 5.0 5.1 5.1 5.2 16.4 16.5 16.8 17.0 17.2 17.4 17.8 17.7 18.8 19.4 $54.3 $55.2 $55.6 $57.1 $58.2 2Q25 3Q25 4Q25 1Q26 2Q26

 

2.94% 2.84% 2.59% 2.51% 2.48% 2.39% 2.16% 2.10% 2.04% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3.92% 3.73% 3.43% 3.30% 3.25% 3.15% 2.87% 2.81% 2.76% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 $617 $678 $658 $671 $685 3.35% 3.53% 3.41% 3.49% 3.43% 2Q25 3Q25 4Q25 1Q26 2Q26 NII NIM 6 Net Interest Income & Net Interest Margin Positive deposit mix trends supported income Q-o-Q ($ in millions) Net Interest Income (NII) & Net Interest Margin (NIM) End of Period Interest-bearing Deposit Cost (2Q24 to 2Q26) End of Period Cost of Deposits (2Q24 to 2Q26)

 

25 28 29 26 28 27 28 29 31 32 4 6 3 5 214 15 15 15 15 11 15 11 22 19$81 $92 $87 $99 $96 2Q25 3Q25 4Q25 1Q26 2Q26 7 Fee Income1 Fee Income Strong Y-o-Y growth, driven by strong execution and relationship deepening ($ in millions) (1) Fee income excludes mark-to-market adjustments related to customer and other derivatives; net gains on AFS debt securities; other investment income and other income Highlights Wealth Management Fees Customer Derivative Income +9% +81% -48% +18% +9% Commercial and Consumer Deposit-Related Fees Lending and Loan Servicing Fees Foreign Exchange Income ▪ Fee income1 of $96mm, up $15mm or +19% Y-o-Y − Deposit-related fees and lending fees grew by a combined $3mm Q-o-Q, reflecting higher customer activity and syndication fees, respectively − Wealth management and customer derivative fees down by a combined $5mm Q-o-Q, reflecting lower customer activity Y-o-Y +19% Y-o-Y

 

16 17 17 18 20 19 17 12 16 19 13 13 15 15 15 37 38 48 36 41 145 176 152 173 173 $230 $261 $244 $258 $268 2Q25 3Q25 4Q25 1Q26 2Q26 8 Total Operating Noninterest Expense1 Operating Expense & Efficiency Maintained best-in-class efficiency while investing in people and platforms to sustain growth ($ in millions) (1) Total noninterest expense excluding amortization of tax credit and CRA investments (2) Other operating expense includes other real estate owned (“OREO”) (income) expense (3) Deposit-related expenses include deposit account expenses and deposit insurance premiums and regulatory assessments, including FDIC special deposit insurance assessment reversals of $833 thousand, $2 million, $7 million and $1 million for 2Q25, 3Q25, 4Q25, and 1Q26, respectively Highlights Efficiency Ratio and Operating Noninterest Expense/Average Assets Ratio1 Compensation and Employee Benefits Other Operating Expense2 Occupancy and Equipment Deposit-Related Expenses3 +20% +12% +19% +4% ▪ Total operating noninterest expense1 of $268mm, up $9mm Q-o-Q − Maintained best-in-class efficiency while investing for future growth Computer and Software Related Expenses +15% 36.4% 36.2% 36.7% 1.20% 1.29% 1.29% 2Q25 1Q26 2Q26 Efficiency Ratio Op. Noninterest Expense / Avg. Assets Y-o-Y

 

2.32% 3.78% 0.28% 0.50% 2.69% 3.64% 0.28% 0.56% 3.08% 3.39% 0.27% 0.60% C&I CRE (ex. Multifamily) Multifamily Resi mortgage & consumer 72 70 52 61 66 58 57 47 63 67 9 30 67 56 89 33 44 42 36 25 $172 $201 $208 $216 $247 06.30.25 09.30.25 12.31.25 03.31.26 06.30.26 OREO and other CRE Resi. mortgage & consumer C&I $45 $36 $30 $36 $33 $15 $18 $12 $12 $27 $- $5 $10 $15 $20 $25 $30 $35 $40 $45 $50 2Q25 3Q25 4Q25 1Q26 2Q26 Provision for credit losses Net charge- offs 1.34% 1.38% 1.40% 1.57% 1.45% 0.81% 0.76% 0.61% 0.54% 0.73% 2.15% 2.14% 2.01% 2.12% 2.18% 06.30.25 09.30.25 12.31.25 03.31.26 06.30.26 Classified loans / Loans HFI Special mention loans / Loans HFI 9 Asset Quality Metrics Credit performance remains stable Provision for Credit Losses & Net Charge-offs ($ in millions) Nonperforming Assets (NPAs) Criticized Loans / Loans HFI Criticized Ratio by Loans HFI Portfolio ($ in millions) NPAs / Total assets 0.22% 0.25% 0.26% 0.26% 0.29%NCO ratio (ann.) 0.11% 0.13% 0.08% 0.09% 0.19%

 

10 Allowance for Loan Losses Healthy allowance levels, up $6mm Q-o-Q reflecting loan growth and portfolio mix shift Allowance for Loan Losses (ALLL) ($ in millions) Composition of ALLL by Portfolio ($ in millions) 06.30.25 03.31.26 06.30.26 Loan category ALLL ALLL ratio ALLL ALLL ratio ALLL ALLL ratio C&I $ 442 2.48% $ 483 2.47% $ 481 2.42% Total CRE 260 1.26 289 1.35 292 1.35 Multifamily 29 0.58 40 0.77 40 0.77 Office 61 2.78 66 2.87 66 2.85 All Other CRE 170 1.26 183 1.31 186 1.32 Resi. mortgage 57 0.35 63 0.37 68 0.39 Other consumer 1 2.65 1 2.48 1 2.65 Total loans $ 760 1.38% $ 836 1.44% $ 842 1.43% $760 $791 $810 $836 $842 1.38% 1.42% 1.42% 1.44% 1.43% 1.35% 1.40% 1.45% 1.50% $650 $700 $750 $800 $850 $900 06.30.25 09.30.25 12.31.25 03.31.26 06.30.26 ALLL ALLL/Loans HFI

 

15.8% 16.1% 16.4% 16.4% 16.8% Total Capital Ratio 14.5% 14.8% 15.1% 15.1% 15.4% CET1 Ratio 10.6% 10.7% 10.9% 11.0% 11.0% Leverage Ratio 10.0% 10.2% 10.5% 10.3% 10.4% Tangible Common Equity Ratio 11 09.30.25 Capital Position of significant strength Highlights 06.30.25 03.31.2612.31.25 ▪ Strong book value per share growth ‒ Up 13% Y-o-Y, tangible book value per share1 up 14% Y-o-Y ▪ Capital priorities 1. Organic growth 2. Competitive dividend 3. Disciplined M&A 4. Share repurchases Regulatory well capitalized requirement Tangible Common Equity Ratio1 Regulatory Capital Ratios 6.5% 5.0% 10.0% 06.30.26 (1) See reconciliation of GAAP to non-GAAP financial measures in the appendix and in the Company’s earnings press release (2) The Company’s June 30, 2026 regulatory capital ratios and Risk-Weighted Assets (RWA) are preliminary 2

 

12 Management Outlook: Full Year 2026 (1) Total noninterest expense excluding amortization of tax credit and CRA investments Earnings Drivers FY 2025 Results (Y-o-Y) Updated FY 2026 Expectations 2Q26 Results (YTD) Interest Rate Outlook - ▪ Assumes flat rates - End of Period Loans 6% ($56.9bn) ▪ Growing 6% to 8% Y-o-Y (Up from 5% to 7%) 7% ($59.0bn) Net Interest Income 12% ($2.55bn) ▪ Growing 7% to 9% Y-o-Y (Up from 6% to 8%) 11% ($1.36bn) Total Operating Noninterest Expense1 7% ($972mm) ▪ Growing 8% to 9% Y-o-Y (Narrowing from 7% to 9%) 13% ($526mm) Net Charge-offs 11bps ▪ In the range of 15bps to 25bps 14bps Effective Tax Rate 23% ▪ In the range of 22% to 23% 22% Amortization of Tax Credit and CRA Investments $75mm ▪ In the range of $85 - $95 million $45mm Best-in-Class Efficiency Top Quartile Returns

 

Appendix

 

14 East West at a Glance (1) See reconciliation of GAAP to non-GAAP financial measures in the appendix and in the Company’s earnings press release $18B Market Cap $85B Assets $70B Deposits 17% ROTCE1 06.30.26 06.30.26 06.30.26 2Q26 ▪ Headquartered in Pasadena, California ▪ Over 25 years on Nasdaq ▪ Founded in 1973 - over 50 years in operation Roots in the U.S. Asian-American immigrant community, expanded to bridge businesses across the Pacific Award-winning Company #1 Top Performing Bank in 2025, $50+ Billion (Bank Director), marking our 3rd consecutive year Top 3 Performing Banks in 2025, $50+ Billion (American Banker) A Leading Regional Bank with Cross-Border Capabilities... …Well Positioned in Dense, Attractive Markets… TX NY NV CA WA MA GA Key Markets IL

 

2% 2% 2% 3% 4% 4% 4% 6% 15 1% 2% 2% 4% 4% 7% 8% 9% (as % of Total Loans, 06.30.26) Commercial Loans by Type Diversified Loan Portfolio Over 70% of loans support commercial customers, with broad diversification across industry and asset types (1) Industries with 1% of total loans outstanding: Technology & telecommunications, Healthcare, Hospitality & leisure, Equipment finance, Oil & gas, Art finance, Consumer finance Industries with 1% of total loans outstanding1 CRE $21.7bn C&I $19.9bn Total Loan Portfolio $59.0bn Media & entertainment Capital call lending Real estate investment & management Infrastructure & clean energy General & other Industrial Multifamily Retail Hotel Office Other Healthcare Construction and Land Manufacturing & wholesale Financial services Food production & distribution Resi. Mortgage and other consumer $17.4 29% CRE $21.7 37% C&I $19.9 34%

 

<=50% 49% >50% to 55% 15% >55% to 60% 16% >60% to 65% 11% >65% to 70% 5% >70% 4% 16 Commercial Real Estate Portfolio Detail Our CRE portfolio is granular - many loans have full recourse and personal guarantees 49% Average LTV1 Distribution by Loan-to-Value (LTV)1 Size and LTV by Property Type (as of 06.30.26) (as of 06.30.26) ▪ Fewer than 25% of CRE loans have an LTV over 60% Total Portfolio Size ($bn) Weighted Avg. LTV1 (%) Average Loan Size ($mm) Multifamily $5.3 50% $2 Retail 4.6 47 3 Industrial 4.1 46 3 Hotel 2.6 51 10 Office 2.3 53 4 Other 1.1 48 4 Healthcare 0.9 51 4 Construction & Land2 0.8 50 14 Total CRE $21.7 49% $3 (1) Weighted average LTV is based on most recent LTV, using most recent available appraisal and current loan commitment (2) Construction & Land average size based on total commitment

 

40% 5% 12% 8% 6% 2% 2% 4% 6% 8% 17 CRE Office – Additional Information Our office portfolio has low LTVs across segments and low average loan sizes CRE Office: Geographic Mix by Metro Area CRE Office by Size Segment (as of 06.30.26) (as of 06.30.26) Loan Size Balance ($ in mm) No. of Loans Avg. Loan Size ($ in mm) Weighted Avg. LTV (%) >$30mm $387 10 $39 54% $20mm - $30mm 454 19 24 58 $10mm - $20mm 456 32 14 57 $5mm - $10mm 455 63 7 53 <$5mm 544 391 1 44 Total $2,296 515 $4 53% Other Los Angeles County Other SoCal Other Bay Area San Francisco Other CA, 1% Houston Dallas Manhattan, 3% Other TX Washington Other Regions New Jersey, 2% Other NY, 1% Downtown Los Angeles and Adjacent Neighborhoods

 

30% 3% 19% 9% 4% 6% 2% 3% 5% 3% 12% 18 CRE Retail – Additional Information Our retail portfolio has a weighted average LTV profile of 47% CRE Retail: Geographic Mix by Metro Area CRE Retail by Size Segment (as of 06.30.26) (as of 06.30.26) Loan Size Balance ($ in mm) No. of Loans Avg. Loan Size ($ in mm) Weighted Avg. LTV (%) >$30mm $226 6 $38 46% $20mm - $30mm 517 21 25 57 $10mm - $20mm 791 58 14 48 $5mm - $10mm 873 126 7 48 <$5mm 2,208 1,575 1 44 Total $4,615 1,786 $3 47% Other Los Angeles County Downtown Los Angeles and Adjacent Neighborhoods Other SoCalOther Bay Area San Francisco, 2% Other CA Houston Dallas, Manhattan Other TX, 1% Washington Other Regions Other NY New Jersey, 1%

 

31% 3% 13% 7% 5% 6% 6% 3% 4% 3% 5% 3% 6% 19 Oklahoma, 2% CRE Multifamily – Additional Information Our multifamily portfolio is amongst our most granular CRE Multifamily: Geographic Mix by Metro Area CRE Multifamily by Size Segment (as of 06.30.26) (as of 06.30.26) Loan Size Balance ($ in mm) No. of Loans Avg. Loan Size ($ in mm) Weighted Avg. LTV (%) >$30mm $687 18 $38 59% $20mm - $30mm 706 29 24 54 $10mm - $20mm 667 50 13 52 $5mm - $10mm 728 104 7 54 <$5mm 2,464 2,640 1 45 Total $5,252 2,841 $2 50% Other Los Angeles County Downtown Los Angeles and Adjacent Neighborhoods Other SoCal Other Bay Area San Francisco Other CA Houston Dallas Arizona Nevada Other Regions Washington Manhattan, 2% Other NY Other Texas, 1%

 

Southern California 43% Northern California 17% New York 22% Washington 6% Texas 2% Other 10% <=50% 52% >50% to 55% 13% >55% to 60% 22% >60% 13% 20 Residential Mortgage Portfolio Our residential mortgage portfolio benefits from both low LTVs and smaller average loan size Resi. Mortgage Distribution by LTV1 Portfolio Highlights as of 06.30.26 (as of 06.30.26) Outstandings ▪ $17.4bn loans outstanding ▪ +2% Q-o-Q and +6% Y-o-Y Originations ▪ $1.2bn in 2Q26 ▪ Primarily originated through East West Bank branches Single-family Residential ▪ $15.3bn loans outstanding ▪ +1% Q-o-Q and +5% Y-o-Y HELOC ▪ $2.1bn loans outstanding ▪ $3.7bn in undisbursed commitments ▪ 36% utilization as of 06.30.26 ▪ 75% of commitments in first lien position Resi. Mortgage Distribution by Geography3 52% Average LTV1 $442,000 Average loan size2 (as of 06.30.26) (1) Combined LTV for 1st and 2nd liens; based on commitment (2) Average loan size based on loan outstanding for single-family residential and commitment for HELOC (3) Geographic distribution based on commitment size

 

2.5 2.5 2.6 2.5 2.6 1.9 1.9 1.8 2.4 2.4 1.3 1.4 1.4 1.4 1.5 1.0 1.0 1.0 1.1 1.00.6 0.7 0.8 0.9 0.8 $7.3 $7.5 $7.6 $8.3 $8.3 2Q25 3Q25 4Q25 1Q26 2Q26 C&I Nondepository Financial Institution (NDFI) Loans 21 Our NDFI portfolio is granular with diversification across industry and category types ($ in billions) Other Private Equity Mortgage Credit Consumer Credit Business Credit (1) The Company’s 2Q26 NDFI loan mix by Call Report Category is preliminary 4 Year CAGRs x +$194mm +$93mm -$84mm -$71mm Q-o-Q ($) +$24mm -$108mm 1 Highlights ▪ Well diversified by underlying asset and borrower ▪ Approximately 32% of loans are underwritten as capital call lines ▪ Virtually no net charge- offs in the past decade ▪ 99.99%+ loans are current NDFI Outstanding: Loan Mix by Call Report Category

 

$0.3 $0.1 $4.9 $12.1 100% RWA 50% RWA 20% RWA 0% RWA 22 Average Total Securities Portfolio and Cash Cash and Securities Strong on-balance-sheet liquidity levels ($ in billions) ▪ Securities portfolio well-positioned as a source of liquidity, interest rate risk management, and earnings support − Total securities average yield up 1bp Q-o-Q − 98% of investment portfolio 0% - 20% risk-weighted (HQLA) − 76% fixed-rate securities, 24% floating Highlights Securities Portfolio Composition by Risk-Weighted Asset (RWA) Distribution ($ in billions, as of 06.30.26) $17.4bn Securities Portfolio $15.4 $15.5 $16.1 $16.5 $17.3 $4.1 $5.3 $4.8 $4.3 $4.4 $19.5 $20.8 $20.9 $20.8 $21.7 4.02% 4.05% 3.99% 3.94% 3.95% 2Q25 3Q25 4Q25 1Q26 2Q26 Total Securities Interest-bearing Cash, Equivalent, and Resale Agreements Total Securities Average Yield

 

5.93% 5.90% 5.84% 5.87% 5.80% 6.24% 6.23% 6.07% 6.01% 5.97% 7.02% 7.71% 6.68% 6.43% 6.28% 19% 22% 33% 26% Fixed rate Hybrid in fixed rate period Variable - SOFR Variable - Prime, all other rates 23 Loan Yields Loan Portfolio by Index Rate (as of 06.30.26) Average C&I Loan Rate Average Residential Mortgage Loan Rate Average CRE Loan Rate 91% variable rate 59%* variable rate *46% had customer-level interest rate derivative contracts SFR: 48% hybrid in fixed-rate period & 40% fixed rate 07.08.26 rate sheet price for 30-year fixed: 6.625% Total fixed rate and hybrid in fixed period: 41% 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26

 

3.79% 3.71% 3.59% 3.36% 3.30% Time 3.25% 3.21% 2.83% 2.62% 2.63% Money Market 2.48% 2.47% 2.20% 2.09% 2.01% Inerest-bearing Checking 2.52% 2.49% 2.30% 2.13% 2.10% 3.31% 3.26% 3.05% 2.84% 2.81% 3.39% 3.34% 3.11% 2.91% 2.88% 2Q25 3Q25 4Q25 1Q26 2Q26 Average cost of deposits Average cost of interest-bearing deposits Average cost of interest-bearing liabilities 24 Average Deposit and Liability Cost Deposit and Funding Cost Average Deposit Rate by Portfolio 2Q25 3Q25 4Q25 1Q26 2Q26

 

25 Appendix: GAAP to Non-GAAP Reconciliation EAST WEST BANCORP, INC. AND SUBSIDIARIES GAAP TO NON-GAAP RECONCILIATION ($ in thousands) (unaudited) The Company uses certain non-GAAP financial measures to provide supplemental information regarding the Company’s performance. Tangible book value, tangible book value per share and TCE ratio are non-GAAP financial measures. Tangible book value and tangible assets represent stockholders’ equity and total assets, respectively, wh ich have been reduced by goodwill and mortgage servicing assets. Given that the use of such measures and ratios is more prevalent in the banking industry, and are used by banking regulators and analysts, the Company has included them below for discussion. June 30, 2026 March 31, 2026 June 30, 2025 Common stock $ 171 $ 171 $ 170 Additional paid-in capital 2,151,229 2,131,219 2,060,115 Retained earnings 8,800,428 8,547,820 7,744,221 Treasury stock (1,292,113) (1,291,555) (1,140,359) Accumulated other comprehensive income: AFS debt securities net unrealized losses (396,325) (383,753) (466,568) Cash flow hedges net unrealized (losses) gains (4,636) 12,034 28,622 Foreign currency translation adjustments (12,825) (16,501) (24,434) Total accumulated other comprehensive loss (413,786) (388,220) (462,380) Stockholders’ equity (a) $ 9,245,929 $ 8,999,435 $ 8,201,767 Less: Goodwill (465,697) (465,697) (465,697) Mortgage servicing assets (3,736) (3,978) (4,628) Tangible book value (b) $ 8,776,496 $ 8,529,760 $ 7,731,442 Number of common shares at period-end (c) 137,011 136,979 137,816 Book value per share (a)/(c) $ 67.48 $ 65.70 $ 59.51 Tangible book value per share (b)/(c) $ 64.06 $ 62.27 $ 56.10 Total assets (d) $ 84,763,472 $ 82,886,152 $ 78,158,067 Less: Goodwill (465,697) (465,697) (465,697) Mortgage servicing assets (3,736) (3,978) (4,628) Tangible assets (e) $ 84,294,039 $ 82,416,477 $ 77,687,742 Total stockholders’ equity to assets ratio (a)/(d) 10.91% 10.86% 10.49% TCE ratio (b)/(e) 10.41% 10.35% 9.95%

 

26 Appendix: GAAP to Non-GAAP Reconciliation EAST WEST BANCORP, INC. AND SUBSIDIARIES GAAP TO NON-GAAP RECONCILIATION ($ in thousands) (unaudited) Return on average TCE represents tangible net income divided by average tangible book value. Tangible net income excludes the after-tax impacts of the amortization of mortgage servicing assets. Adjusted return on average TCE represents adjusted tangible net income divided by average tangible book value. Adjusted tangible net income is tangible net income excluding the tax-effected impacts of the FDIC special assessment reversals and the impact of the CA SSF. Given that the use of such measures and ratios is more prevalent in the banking industry, and are used by banking regulators and analysts, the Company has included them below for discussion. (1) Applied statutory tax rate of 28.02% for the three and six months ended June 30, 2026, and the three months ended March 31, 2026. Applied statutory tax rate of 28.18% iiiiiiiiifor the three and six months ended June 30, 2025. (2) Annualized. Three Months Ended Six Months Ended June 30, 2026 March 31, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Net income (a) $ 363,700 $ 357,796 $ 310,253 $ 721,496 $ 600,523 Add: Amortization of mortgage servicing assets 264 149 316 413 609 Tax effect of amortization adjustment1 (74) (42) (89) (116) (172) Tangible net income (b) $ 363,890 $ 357,903 $ 310,480 $ 721,793 $ 600,960 Less: FDIC special assessment reversals - (1,015) (833) (1,015) - Tax effects of adjustments1 - 284 235 284 - Add: Impact of the CA SSF - - 6,391 - 6,391 Adjusted tangible net income (c) $ 363,890 $ 357,172 $ 316,273 $ 721,062 $ 607,351 Average stockholders' equity (d) $ 9,114,396 $ 9,047,373 $ 8,069,982 $ 9,081,070 $ 7,970,083 Less: Average goodwill (465,697) (465,697) (465,697) (465,697) (465,697) Average mortgage servicing assets (3,884) (4,025) (4,825) (3,954) (4,971) Average tangible book value (e) $ 8,644,815 $ 8,577,651 $ 7,599,460 $ 8,611,419 $ 7,499,415 Return on average common equity2 (a)/(d) 16.01% 16.04% 15.42% 16.02% 15.19% Return on average TCE2 (b)/(e) 16.88% 16.92% 16.39% 16.90% 16.16% Adjusted return on average TCE2 (c)/(e) 16.88% 16.89% 16.69% 16.89% 16.33%

 

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