Document





			East West Bancorp, Inc.
			135 N. Los Robles Ave.
			Pasadena, CA 91101
			Tel. 626.768.6000


NEWS RELEASE

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

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

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

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

FINANCIAL HIGHLIGHTS



	Three Months Ended		June 30, 2026 % Change

($ in millions, except per share data)	June 30, 2026	March 31, 2026		June 30, 2025	Qtr-o-Qtr		Yr-o-Yr

Total Revenue	$791	$774		$703	2	%	12	%
Pre-tax, Pre-provision Income2	501	493		447	1		12
Net Income	364	358		310	2		17
Diluted Earnings per Share	$2.63	$2.57		$2.24	2		18
Book Value per Share	$67.48	$65.70		$59.51	3		13
Tangible Book Value per Share1	$64.06	$62.27		$56.10	3	%	14	%
Return on Average Assets	1.75%	1.79%		1.62%	-4 bps		13 bps
Return on Average Common Equity	16.01%	16.04%		15.42%	-3 bps		59 bps

Return on Average Tangible Common Equity1	16.88%	16.92%		16.39%	-4 bps		49 bps
Total Stockholders’ Equity to Assets Ratio	10.91%	10.86%		10.49%	5 bps		42 bps
Tangible Common Equity Ratio1	10.41%	10.35%		9.95%	6 bps		46 bps
Total Assets	$84,763	$82,886		$78,158	2	%	8	%




1 Return on average tangible common equity, tangible book value per share, and tangible common equity ratio are non-GAAP financial measures. See reconciliation of GAAP to non-GAAP measures in Table 14.
2 Pre-tax, pre-provision income is a non-GAAP financial measure. See reconciliation of GAAP to non-GAAP financial measures in Table 13.

BALANCE SHEET

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

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

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

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

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

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

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

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

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

CAPITAL STRENGTH

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



EWBC Capital
($ in millions)	June 30, 2026 (a)	March 31, 2026	June 30, 2025

Risk-Weighted Assets (“RWA”) (b)	$59,201	$58,559	$56,280
Risk-based capital ratios:
Total capital ratio	16.75%	16.45%	15.82%
CET1 capital ratio	15.44%	15.13%	14.51%
Tier 1 capital ratio	15.44%	15.13%	14.51%

Leverage ratio	11.00%	10.95%	10.60%
Total stockholders’ equity to assets ratio	10.91%	10.86%	10.49%
Tangible common equity ratio (c)	10.41%	10.35%	9.95%

(a)The Company’s June 30, 2026 regulatory capital ratios and RWA are preliminary.

(b)Under regulatory guidelines, on-balance sheet assets and credit equivalent amounts of derivatives and off-balance sheet items are assigned to one of several broad risk categories based on the nature of the obligor, or, if relevant, the guarantor or the nature of any collateral. The aggregate dollar value in each risk category is then multiplied by the risk weight associated with that category. The resulting weighted values from each of the risk categories are aggregated for determining total RWA.

(c)Tangible common equity ratio is a non-GAAP financial measure. See reconciliation of GAAP to non-GAAP measures in Table 14.

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

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.

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.com						E: angie.tang@eastwestbank.com

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.


EAST WEST BANCORP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEET
($ and shares in thousands, except per share data)
(unaudited)
Table 1

											June 30, 2026 % or Basis Point Change
		June 30, 2026			March 31, 2026			June 30, 2025			Qtr-o-Qtr			Yr-o-Yr
Assets




	Cash and cash equivalents, and deposits with banks	$	5,101,349		$	4,449,368		$	4,514,476		14.7	%		13.0	%
	Securities purchased under resale agreements (“resale agreements”)	425,000			425,000			425,000			—			—
	Available-for-sale (“AFS”) debt securities (amortized cost of $15,055,558, $14,546,038 and $13,035,258)	14,581,546			14,093,483			12,488,913			3.5			16.8
	Held-to-maturity (“HTM”) debt securities, at amortized cost (fair value of $2,443,494, $2,453,003 and $2,437,247)	2,845,364			2,858,978			2,892,982			(0.5)			(1.6)

	Total cash, resale agreements and debt securities	22,953,259			21,826,829			20,321,371			5.2			13.0

	Loans held-for-sale (“HFS”)	17,425			27,585			11,873			(36.8)			46.8
	Loans held-for-investment (“HFI”) (net of allowance for loan losses of $842,056, $835,874 and $760,416)	58,121,884			57,264,875			54,200,768			1.5			7.2

	Affordable housing partnership, tax credit and Community Reinvestment Act (“CRA”) investments, net	919,230			983,976			968,389			(6.6)			(5.1)
	Goodwill	465,697			465,697			465,697			—			—
	Operating lease right-of-use assets	149,110			134,129			80,523			11.2			85.2
	Other assets	2,136,867			2,183,061			2,109,446			(2.1)			1.3
	Total assets	$	84,763,472		$	82,886,152		$	78,158,067		2.3	%		8.5	%

Liabilities and Stockholders’ Equity
	Deposits	$	70,092,693		$	68,919,555		$	65,029,493		1.7	%		7.8	%






	Federal Home Loan Bank (“FHLB”) advances	3,000,000			3,000,000			3,500,000			—			(14.3)

	Securities sold under repurchase agreements (“repurchase agreements”)	956,894			494,027			—			93.7			100.0
	Long-term debt and finance lease liabilities	35,451			35,545			35,789			(0.3)			(0.9)
	Operating lease liabilities	164,973			148,731			86,987			10.9			89.7
	Accrued expenses and other liabilities	1,267,532			1,288,859			1,304,031			(1.7)			(2.8)
	Total liabilities	75,517,543			73,886,717			69,956,300			2.2			7.9
	Stockholders’ equity	9,245,929			8,999,435			8,201,767			2.7			12.7
	Total liabilities and stockholders’ equity	$	84,763,472		$	82,886,152		$	78,158,067		2.3	%		8.5	%

	Total cash, resale agreements and debt securities/total assets	27.08		%	26.33		%	26.00		%	75		bps	108		bps



	Total stockholders’ equity to assets ratio	10.91		%	10.86		%	10.49		%	5			42
	Tangible common equity (“TCE”) ratio (1)	10.41		%	10.35		%	9.95		%	6		bps	46		bps
	Book value per share	$	67.48		$	65.70		$	59.51		2.7	%		13.4	%
	Tangible book value (1) per share	$	64.06		$	62.27		$	56.10		2.9			14.2
	Number of common shares at period-end	137,011			136,979			137,816			0.0	%		(0.6)	%

(1)The TCE ratio and the tangible book value are non-GAAP financial measures. See reconciliation of GAAP to non-GAAP measures in Table 14.


EAST WEST BANCORP, INC. AND SUBSIDIARIES
TOTAL LOANS AND DEPOSITS DETAIL
($ in thousands)
(unaudited)
Table 2

											June 30, 2026 % Change
		June 30, 2026			March 31, 2026			June 30, 2025			Qtr-o-Qtr			Yr-o-Yr
Loans:
Commercial:



	Commercial and industrial (“C&I”)	$	19,862,701		$	19,550,953		$	17,822,881		1.6	%		11.4	%
	Commercial real estate (“CRE”):
	CRE	15,585,610			15,491,057			14,978,775			0.6			4.1
	Multifamily residential	5,251,556			5,129,247			4,978,915			2.4			5.5
	Construction and land	831,822			811,999			709,713			2.4			17.2
	Total CRE	21,668,988			21,432,303			20,667,403			1.1			4.8
Consumer:
	Residential mortgage:


	Single-family residential (“SFR”)	15,336,309			15,119,709			14,569,997			1.4			5.3
	Home equity lines of credit (“HELOCs”)	2,039,285			1,945,867			1,850,965			4.8			10.2
	Total residential mortgage	17,375,594			17,065,576			16,420,962			1.8			5.8
	Other consumer	56,657			51,917			49,938			9.1			13.5
Total loans HFI (1)		58,963,940			58,100,749			54,961,184			1.5			7.3
Loans HFS		17,425			27,585			11,873			(36.8)			46.8
	Total loans (1)	58,981,365			58,128,334			54,973,057			1.5			7.3
Allowance for loan and lease losses (“ALLL”)		(842,056)			(835,874)			(760,416)			0.7			10.7
	Net loans (1)	$	58,139,309		$	57,292,460		$	54,212,641		1.5	%		7.2	%

Deposits by product:
	Noninterest-bearing demand	$	18,355,698		$	17,480,959		$	15,470,239		5.0	%		18.7	%
	Interest-bearing checking	8,047,826			8,069,468			8,143,893			(0.3)			(1.2)
	Money market	16,259,299			16,226,097			15,420,318			0.2			5.4
	Savings	1,891,021			1,731,547			1,683,703			9.2			12.3

	Time deposits	25,538,849			25,411,484			24,311,340			0.5			5.0

	Total deposits	$	70,092,693		$	68,919,555		$	65,029,493		1.7	%		7.8	%

Deposits by segment/region:
	Consumer and Business Banking - U.S.	$	36,951,120		$	35,847,814		$	33,407,064		3.1	%		10.6	%
	Commercial Banking - U.S. (2)	24,910,459			24,829,606			23,593,647			0.3			5.6
	International Branches (3)	4,133,100			3,906,121			3,579,005			5.8			15.5


	Treasury and Other - U.S. (4)	4,098,014			4,336,014			4,449,777			(5.5)			(7.9)
	Total deposits	$	70,092,693		$	68,919,555		$	65,029,493		1.7	%		7.8	%

	Loan-to-deposit ratio	84.15		%	84.34		%	84.54		%	(19)		bps	(39)		bps

(1)Includes $13 million, $17 million and $74 million of net deferred loan fees and net unamortized premiums as of June 30, 2026, March 31, 2026 and June 30, 2025, respectively.

(2)Excludes deposits presented under International Branches.

(3)Deposits of our Hong Kong branch and China subsidiary bank branches are a subset of Commercial Banking segment deposits.

(4)Treasury and Other segment deposits reflect wholesale, public funds, and brokered deposits, primarily managed by the Company’s Treasury department.


EAST WEST BANCORP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF INCOME
($ and shares in thousands, except per share data)
(unaudited)
Table 3

		Three Months Ended						June 30, 2026 % Change
		June 30, 2026		March 31, 2026		June 30, 2025		Qtr-o-Qtr	Yr-o-Yr
Interest and dividend income		$	1,080,823	$	1,055,510	$	1,058,999	2.4%	2.1%
Interest expense		396,172		384,317		441,925		3.1	(10.4)
Net interest income before provision for credit losses		684,651		671,193		617,074		2.0	11.0
Provision for credit losses		33,000		36,000		45,000		(8.3)	(26.7)
Net interest income after provision for credit losses		651,651		635,193		572,074		2.6%	13.9%
Noninterest income:



	Commercial and consumer deposit-related fees	31,621		30,619		26,865		3.3	17.7
	Lending and loan servicing fees	27,961		26,070		25,586		7.3	9.3
	Foreign exchange income	14,926		15,447		13,715		(3.4)	8.8
	Wealth management fees	19,461		22,260		10,725		(12.6)	81.5
	Customer derivative income	1,895		4,595		3,645		(58.8)	(48.0)
	Total fee income	95,864		98,991		80,536		(3.2)	19.0
	Derivative mark-to-market and credit valuation adjustments	(732)		934		(1,444)		NM	(49.3)

	Net gains on AFS debt securities	2,931		616		746		375.8	292.9



	Other investment (loss) income	(49)		2,956		678		NM	NM
	Other income (loss)	8,478		(941)		5,662		NM	49.7
Total noninterest income		106,492		102,556		86,178		3.8%	23.6%
Noninterest expense:
	Compensation and employee benefits (1)	172,543		172,665		144,841		(0.1)%	19.1%
	Occupancy and equipment expense	19,553		18,248		16,289		7.2	20.0
	Computer and software related expenses	15,433		14,747		13,446		4.7	14.8
	Deposit insurance premiums and regulatory assessments (2)	10,268		8,859		9,133		15.9	12.4
	Deposit account expense	8,906		7,533		9,348		18.2	(4.7)
	Other real estate owned (“OREO”) expense (income)	2,254		(264)		(493)		NM	NM







	Other operating expense	38,869		36,542		37,220		6.4	4.4
	Total operating noninterest expense	267,826		258,330		229,784		3.7	16.6
	Amortization of tax credit and CRA investments	22,796		21,984		26,236		3.7	(13.1)


Total noninterest expense		290,622		280,314		256,020		3.7	13.5
Income before income taxes		467,521		457,435		402,232		2.2	16.2
Income tax expense		103,821		99,639		91,979		4.2	12.9
Net income		$	363,700	$	357,796	$	310,253	1.7%	17.2%

Earnings per share (“EPS”)
- Basic		$	2.65	$	2.59	$	2.25	2.1%	17.6%
- Diluted		$	2.63	$	2.57	$	2.24	2.2	17.6
Weighted-average number of shares outstanding
- Basic		137,450		138,054		137,818		(0.4)%	(0.3)%
- Diluted		138,301		138,919		138,789		(0.4)	(0.4)

NM - Not meaningful.

(1)Includes $5 million and $6 million of additional compensation expense from the change in equity award expense recognition for retirement eligible employees for the three months ended June 30, 2026 and March 31, 2026, respectively.

(2)Includes $1 million and $833 thousand of FDIC special assessment reversals for the three months ended March 31, 2026 and June 30, 2025, respectively.


EAST WEST BANCORP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF INCOME
($ and shares in thousands, except per share data)
(unaudited)
Table 4

		Six Months Ended				June 30, 2026 % Change
		June 30, 2026		June 30, 2025		Yr-o-Yr
Interest and dividend income		$	2,136,333	$	2,090,801		2.2%
Interest expense		780,489		873,526			(10.7)
Net interest income before provision for credit losses		1,355,844		1,217,275			11.4
Provision for credit losses		69,000		94,000			(26.6)
Net interest income after provision for credit losses		1,286,844		1,123,275			14.6%
Noninterest income:


	Commercial and consumer deposit-related fees	62,240		53,940			15.4
	Lending and loan servicing fees	54,031		51,816			4.3
	Foreign exchange income	30,373		29,552			2.8
	Wealth management fees	41,721		24,404			71.0
	Customer derivative income	6,490		9,184			(29.3)
	Total fee income	194,855		168,896			15.4
	Derivative mark-to-market and credit valuation adjustments	202		(2,914)			NM

	Net gains on AFS debt securities	3,547		877			304.4


	Other investment income	2,907		2,940			(1.1)
	Other income	7,537		8,481			(11.1)
Total noninterest income		209,048		178,280			17.3%
Noninterest expense:
	Compensation and employee benefits (1)	345,208		291,276			18.5%
	Occupancy and equipment expense	37,801		31,978			18.2
	Computer and software related expenses	30,180		26,760			12.8
	Deposit insurance premiums and regulatory assessments (2)	19,127		19,518			(2.0)
	Deposit account expense	16,439		18,390			(10.6)
	OREO expense	1,990		3,673			(45.8)







	Other operating expense	75,411		74,595			1.1
	Total operating noninterest expense	526,156		466,190			12.9
	Amortization of tax credit and CRA investments	44,780		41,978			6.7

Total noninterest expense		570,936		508,168			12.4
Income before income taxes		924,956		793,387			16.6
Income tax expense		203,460		192,864			5.5
Net income		$	721,496	$	600,523		20.1%

EPS
- Basic		$	5.24	$	4.35		20.4%
- Diluted		$	5.21	$	4.32		20.6
Weighted-average number of shares outstanding
- Basic		137,757		138,009			(0.2)%
- Diluted		138,568		139,058			(0.4)

NM - Not meaningful.

(1)Includes $11 million of additional compensation expense from the change in equity award expense recognition for retirement eligible employees for the six months ended June 30, 2026.

(2)Includes $1 million of FDIC special assessment reversals for the six months ended June 30, 2026.


EAST WEST BANCORP, INC. AND SUBSIDIARIES
SELECTED AVERAGE BALANCES
($ in thousands)
(unaudited)
Table 5

		Three Months Ended						June 30, 2026 % Change		Six Months Ended				June 30, 2026 % Change
		June 30, 2026		March 31, 2026		June 30, 2025		Qtr-o-Qtr	Yr-o-Yr	June 30, 2026		June 30, 2025		Yr-o-Yr
Loans:
Commercial:
	C&I	$	19,452,052	$	18,752,867	$	17,363,095	3.7%	12.0%	$	19,104,391	$	17,115,622	11.6%
	CRE:
	CRE	15,532,163		15,424,498		14,864,277		0.7	4.5	15,478,628		14,798,445		4.6
	Multifamily residential	5,196,260		5,131,257		4,981,155		1.3	4.3	5,163,938		4,973,345		3.8
	Construction and land	822,119		766,414		689,713		7.3	19.2	794,420		682,738		16.4
	Total CRE	21,550,542		21,322,169		20,535,145		1.1	4.9	21,436,986		20,454,528		4.8
Consumer:
	Residential mortgage:
	Single-family residential	15,186,553		15,013,979		14,477,173		1.1	4.9	15,100,743		14,358,594		5.2
	HELOCs	1,987,280		1,914,101		1,858,881		3.8	6.9	1,950,892		1,835,084		6.3
	Total residential mortgage	17,173,833		16,928,080		16,336,054		1.5	5.1	17,051,635		16,193,678		5.3
	Other consumer	53,075		51,533		47,138		3.0	12.6	52,309		48,351		8.2
	Total loans (1)	$	58,229,502	$	57,054,649	$	54,281,432	2.1%	7.3%	$	57,645,321	$	53,812,179	7.1%



Interest-earning assets		$	80,089,545	$	77,967,079	$	73,903,125	2.7%	8.4%	$	79,034,175	$	73,314,428	7.8%
Total assets		$	83,150,969	$	81,080,258	$	76,862,028	2.6%	8.2%	$	82,121,334	$	76,246,907	7.7%

Deposits:
	Noninterest-bearing demand	$	17,362,645	$	16,877,461	$	15,114,806	2.9%	14.9%	$	17,121,393	$	15,109,447	13.3%
	Interest-bearing checking	7,530,547		7,652,611		7,597,103		(1.6)	(0.9)	7,591,242		7,672,963		(1.1)
	Money market	16,545,079		16,203,527		15,325,928		2.1	8.0	16,375,246		15,081,131		8.6
	Savings	1,905,782		1,701,913		1,745,220		12.0	9.2	1,804,410		1,749,062		3.2

	Time deposits	25,353,592		25,112,122		23,894,775		1.0	6.1	25,233,524		23,547,978		7.2
	Total deposits	$	68,697,645	$	67,547,634	$	63,677,832	1.7%	7.9%	$	68,125,815	$	63,160,581	7.9%

(1)Includes loans HFS.


EAST WEST BANCORP, INC. AND SUBSIDIARIES
QUARTER-TO-DATE AVERAGE BALANCES, YIELDS AND RATES
($ in thousands)
(unaudited)
Table 6

		Three Months Ended
		June 30, 2026						March 31, 2026

		Average Balance		Interest		Average Yield/Rate (1)		Average Balance		Interest		Average Yield/Rate (1)
Assets
Interest-earning assets:
	Interest-bearing cash and deposits with banks	$	3,985,838	$	31,216	3.14	%	$	3,865,615	$	29,851	3.13	%
	Resale agreements	425,000		1,624		1.53	%	425,000		1,625		1.55	%
	Debt securities:
	AFS	14,441,915		158,285		4.40	%	13,609,231		148,164		4.42	%
	HTM	2,849,553		12,044		1.70	%	2,861,401		12,014		1.70	%
	Total debt securities	17,291,468		170,329		3.95	%	16,470,632		160,178		3.94	%

	Loans:
	C&I	19,452,052		304,621		6.28	%	18,752,867		297,315		6.43	%
	CRE	21,550,542		320,535		5.97	%	21,322,169		315,923		6.01	%
	Residential mortgage	17,173,833		248,541		5.80	%	16,928,080		244,884		5.87	%
	Other consumer	53,075		792		5.98	%	51,533		756		5.95	%
	Total loans (2)	58,229,502		874,489		6.02	%	57,054,649		858,878		6.11	%




	FHLB and FRB stock	157,737		3,165		8.05	%	151,183		4,978		13.35	%
	Total interest-earning assets	$	80,089,545	$	1,080,823	5.41	%	$	77,967,079	$	1,055,510	5.49	%

Noninterest-earning assets:
	Cash and due from banks	311,337						450,219
	Allowance for loan, lease and securities’ losses	(854,564)						(836,828)
	Other assets	3,604,651						3,499,788
	Total assets	$	83,150,969					$	81,080,258

Liabilities and Stockholders’ Equity
Interest-bearing liabilities:
	Checking deposits	$	7,530,547	$	37,692	2.01	%	$	7,652,611	$	39,445	2.09	%
	Money market deposits	16,545,079		108,628		2.63	%	16,203,527		104,878		2.62	%
	Savings deposits	1,905,782		4,511		0.95	%	1,701,913		3,010		0.72	%
	Time deposits	25,353,592		208,591		3.30	%	25,112,122		208,079		3.36	%
	Total interest-bearing deposits	51,335,000		359,422		2.81	%	50,670,173		355,412		2.84	%
	Short-term borrowings and federal funds purchased	364		5		5.08	%	567		4		2.84	%
	FHLB advances	3,041,759		29,455		3.88	%	2,577,223		25,004		3.93	%
	Repurchase agreements	707,880		6,680		3.79	%	350,075		3,290		3.81	%
	Long-term debt and finance lease liabilities	35,480		610		6.89	%	35,566		607		6.93	%
	Total interest-bearing liabilities	$	55,120,483	$	396,172	2.88	%	$	53,633,604	$	384,317	2.91	%

Noninterest-bearing liabilities and stockholders’ equity:
	Demand deposits	17,362,645						16,877,461
	Accrued expenses and other liabilities	1,553,445						1,521,820
	Stockholders’ equity	9,114,396						9,047,373
	Total liabilities and stockholders’ equity	$	83,150,969					$	81,080,258

	Total deposits	$	68,697,645	$	359,422	2.10	%	$	67,547,634	$	355,412	2.13	%

Interest rate spread						2.53	%					2.58	%

Net interest income and net interest margin				$	684,651	3.43	%			$	671,193	3.49	%

(1)Annualized.

(2)Includes loans HFS.


EAST WEST BANCORP, INC. AND SUBSIDIARIES
QUARTER-TO-DATE AVERAGE BALANCES, YIELDS AND RATES
($ in thousands)
(unaudited)
Table 7

		Three Months Ended
		June 30, 2026						June 30, 2025

		Average Balance		Interest		Average Yield/Rate (1)		Average Balance		Interest		Average Yield/Rate (1)
Assets
Interest-earning assets:
	Interest-bearing cash and deposits with banks	$	3,985,838	$	31,216	3.14	%	$	3,699,036	$	34,935	3.79	%
	Resale agreements	425,000		1,624		1.53	%	425,000		1,624		1.53	%
	Debt securities:
	AFS	14,441,915		158,285		4.40	%	12,435,531		141,496		4.56	%
	HTM	2,849,553		12,044		1.70	%	2,896,410		12,292		1.70	%
	Total debt securities	17,291,468		170,329		3.95	%	15,331,941		153,788		4.02	%
	Loans:
	C&I	19,452,052		304,621		6.28	%	17,363,095		303,791		7.02	%
	CRE	21,550,542		320,535		5.97	%	20,535,145		319,666		6.24	%
	Residential mortgage	17,173,833		248,541		5.80	%	16,336,054		241,666		5.93	%
	Other consumer	53,075		792		5.98	%	47,138		572		4.86	%
	Total loans (2)	58,229,502		874,489		6.02	%	54,281,432		865,695		6.40	%




	FHLB and FRB stock	157,737		3,165		8.05	%	165,716		2,957		7.16	%
	Total interest-earning assets	$	80,089,545	$	1,080,823	5.41	%	$	73,903,125	$	1,058,999	5.75	%

Noninterest-earning assets:
	Cash and due from banks	311,337						350,343
	Allowance for loan and lease losses	(854,564)						(745,121)
	Other assets	3,604,651						3,353,681
	Total assets	$	83,150,969					$	76,862,028

Liabilities and Stockholders’ Equity
Interest-bearing liabilities:
	Checking deposits	$	7,530,547	$	37,692	2.01	%	$	7,597,103	$	47,013	2.48	%
	Money market deposits	16,545,079		108,628		2.63	%	15,325,928		124,282		3.25	%
	Savings deposits	1,905,782		4,511		0.95	%	1,745,220		3,700		0.85	%
	Time deposits	25,353,592		208,591		3.30	%	23,894,775		225,593		3.79	%
	Total interest-bearing deposits	51,335,000		359,422		2.81	%	48,563,026		400,588		3.31	%
	Short-term borrowings and federal funds purchased	364		5		5.08	%	659		1		0.66	%
	FHLB advances	3,041,759		29,455		3.88	%	3,500,003		39,313		4.51	%
	Repurchase agreements	707,880		6,680		3.79	%	119,061		1,352		4.55	%
	Long-term debt and finance lease liabilities	35,480		610		6.89	%	35,811		671		7.52	%
	Total interest-bearing liabilities	$	55,120,483	$	396,172	2.88	%	$	52,218,560	$	441,925	3.39	%

Noninterest-bearing liabilities and stockholders’ equity:
	Demand deposits	17,362,645						15,114,806
	Accrued expenses and other liabilities	1,553,445						1,458,680
	Stockholders’ equity	9,114,396						8,069,982
	Total liabilities and stockholders’ equity	$	83,150,969					$	76,862,028

	Total deposits	$	68,697,645	$	359,422	2.10	%	$	63,677,832	$	400,588	2.52	%

Interest rate spread						2.53	%					2.36	%

Net interest income and net interest margin				$	684,651	3.43	%			$	617,074	3.35	%

(1)Annualized.

(2)Includes loans HFS.


EAST WEST BANCORP, INC. AND SUBSIDIARIES
YEAR-TO-DATE AVERAGE BALANCES, YIELDS AND RATES
($ in thousands)
(unaudited)
Table 8

		Six Months Ended
		June 30, 2026						June 30, 2025

		Average Balance		Interest		Average Yield/Rate (1)		Average Balance		Interest		Average Yield/Rate (1)
Assets
Interest-earning assets:
	Interest-bearing cash and deposits with banks	$	3,926,059	$	61,067	3.14	%	$	3,906,499	$	74,072	3.82	%
	Resale agreements	425,000		3,249		1.54	%	425,000		3,234		1.53	%
	Debt securities:
	AFS	14,027,873		306,449		4.41	%	12,102,837		277,015		4.62	%
	HTM	2,855,444		24,058		1.70	%	2,902,373		24,557		1.71	%
	Total debt securities	16,883,317		330,507		3.95	%	15,005,210		301,572		4.05	%
	Loans:
	C&I	19,104,391		601,936		6.35	%	17,115,622		597,205		7.04	%
	CRE	21,436,986		636,458		5.99	%	20,454,528		631,052		6.22	%
	Residential mortgage	17,051,635		493,425		5.84	%	16,193,678		476,557		5.93	%
	Other consumer	52,309		1,548		5.97	%	48,351		1,293		5.39	%
	Total loans (2)	57,645,321		1,733,367		6.06	%	53,812,179		1,706,107		6.39	%




	FHLB and FRB stock	154,478		8,143		10.63	%	165,540		5,816		7.08	%
	Total interest-earning assets	$	79,034,175	$	2,136,333	5.45	%	$	73,314,428	$	2,090,801	5.75	%

Noninterest-earning assets:
	Cash and due from banks	380,395						347,797
	Allowance for loan, lease and securities’ losses	(845,745)						(730,768)
	Other assets	3,552,509						3,315,450
	Total assets	$	82,121,334					$	76,246,907

Liabilities and Stockholders’ Equity
Interest-bearing liabilities:
	Checking deposits	$	7,591,242	$	77,137	2.05	%	$	7,672,963	$	94,924	2.49	%
	Money market deposits	16,375,246		213,506		2.63	%	15,081,131		240,300		3.21	%
	Savings deposits	1,804,410		7,521		0.84	%	1,749,062		7,147		0.82	%
	Time deposits	25,233,524		416,670		3.33	%	23,547,978		450,198		3.86	%
	Total interest-bearing deposits	51,004,422		714,834		2.83	%	48,051,134		792,569		3.33	%
	Short-term borrowings and federal funds purchased	465		9		3.73	%	544		7		2.56	%
	FHLB advances	2,810,775		54,459		3.91	%	3,500,002		78,179		4.50	%
	Repurchase agreements	529,966		9,970		3.79	%	63,183		1,429		4.56	%
	Long-term debt and finance lease liabilities	35,523		1,217		6.91	%	35,864		1,342		7.55	%
	Total interest-bearing liabilities	$	54,381,151	$	780,489	2.89	%	$	51,650,727	$	873,526	3.41	%

Noninterest-bearing liabilities and stockholders’ equity:
	Demand deposits	17,121,393						15,109,447
	Accrued expenses and other liabilities	1,537,720						1,516,650
	Stockholders’ equity	9,081,070						7,970,083
	Total liabilities and stockholders’ equity	$	82,121,334					$	76,246,907

	Total deposits	$	68,125,815	$	714,834	2.12	%	$	63,160,581	$	792,569	2.53	%

Interest rate spread						2.56	%					2.34	%

Net interest income and net interest margin				$	1,355,844	3.46	%			$	1,217,275	3.35	%

(1)Annualized.

(2)Includes loans HFS.


EAST WEST BANCORP, INC. AND SUBSIDIARIES
SELECTED RATIOS
(unaudited)
Table 9

		Three Months Ended (1)							June 30, 2026 Basis Point Change
		June 30, 2026		March 31, 2026		June 30, 2025			Qtr-o-Qtr		Yr-o-Yr
	Return on average assets	1.75	%	1.79	%	1.62	%		(4)	bps	13	bps
	Adjusted return on average assets (2)	1.75	%	1.79	%	1.65	%		(4)		10
	Return on average common equity	16.01	%	16.04	%	15.42	%		(3)		59
	Adjusted return on average common equity (2)	16.01	%	16.01	%	15.71	%		—		30
	Return on average TCE (3)	16.88	%	16.92	%	16.39	%		(4)		49
	Adjusted return on average TCE (3)	16.88	%	16.89	%	16.69	%		(1)		19

	Interest rate spread	2.53	%	2.58	%	2.36	%		(5)		17

	Net interest margin	3.43	%	3.49	%	3.35	%		(6)		8


	Average loan yield	6.02	%	6.11	%	6.40	%		(9)		(38)


	Yield on average interest-earning assets	5.41	%	5.49	%	5.75	%		(8)		(34)

	Average cost of interest-bearing deposits	2.81	%	2.84	%	3.31	%		(3)		(50)
	Average cost of deposits	2.10	%	2.13	%	2.52	%		(3)		(42)
	Average cost of funds	2.19	%	2.21	%	2.63	%		(2)		(44)


	Operating noninterest expense/average assets	1.29	%	1.29	%	1.20	%		—		9
	Efficiency ratio	36.73	%	36.23	%	36.41	%		50		32
	Adjusted efficiency ratio (4)	36.73	%	36.36	%	36.52	%		37		21
	Efficiency ratio (fully taxable equivalent) (“FTE”) (4)	36.68	%	36.17	%	36.32	%		51		36
	Adjusted efficiency ratio (FTE) (4)	36.68	%	36.30	%	36.44	%		38		24
	Effective tax rate	22.21	%	21.78	%	22.87	%		43		(66)
	Adjusted effective tax rate (2)	22.21	%	21.78	%	21.28	%		43	bps	93	bps



		Six Months Ended (1)				June 30, 2026 Basis Point Change
		June 30, 2026		June 30, 2025		Yr-o-Yr
	Return on average assets	1.77	%	1.59	%	18		bps
	Adjusted return on average assets (2)	1.77	%	1.61	%	16
	Return on average common equity	16.02	%	15.19	%	83
	Adjusted return on average common equity (2)	16.01	%	15.36	%	65
	Return on average TCE (3)	16.90	%	16.16	%	74
	Adjusted return on average TCE (3)	16.89	%	16.33	%	56

	Interest rate spread	2.56	%	2.34	%	22

	Net interest margin	3.46	%	3.35	%	11


	Average loan yield	6.06	%	6.39	%	(33)


	Yield on average interest-earning assets	5.45	%	5.75	%	(30)

	Average cost of interest-bearing deposits	2.83	%	3.33	%	(50)
	Average cost of deposits	2.12	%	2.53	%	(41)
	Average cost of funds	2.20	%	2.64	%	(44)


	Operating noninterest expense/average assets	1.29	%	1.23	%	6

	Efficiency ratio	36.48	%	36.41	%	7
	Adjusted efficiency ratio (4)	36.55	%	36.41	%	14
	Efficiency ratio (FTE) (4)	36.43	%	36.34	%	9
	Adjusted efficiency ratio (FTE) (4)	36.49	%	36.34	%	15
	Effective tax rate	22.00	%	24.31	%	(231)
	Adjusted effective tax rate (2)	22.00	%	23.50	%	(150)		bps

(1)Annualized except for efficiency ratio and effective tax rate.

(2)Adjusted return on average assets, adjusted return on average common equity and adjusted effective tax rate are non-GAAP financial measures. See reconciliation of GAAP to non-GAAP financial measures in Table 12.

(3)Return on average TCE and adjusted return on average TCE are non-GAAP financial measures. See reconciliation of GAAP to non-GAAP financial measures in Table 14.

(4)Adjusted efficiency ratio, efficiency ratio (FTE) and adjusted efficiency ratio (FTE) are non-GAAP financial measures. See reconciliation of GAAP to non-GAAP financial measures in Table 13.


EAST WEST BANCORP, INC. AND SUBSIDIARIES
ALLOWANCE FOR CREDIT LOSSES
($ in thousands)
(unaudited)
Table 10



		Three Months Ended June 30, 2026
		Commercial								Consumer
				CRE							Residential Mortgage
($ in thousands)		C&I		CRE		Multifamily Residential		Construction and Land			SFR		HELOCs		Other Consumer		Total
ALLL, March 31, 2026		$	483,384	$	231,802	$	39,446	$	17,170		$	56,883	$	5,899	$	1,290	$	835,874


Provision for credit losses on loans	(a)	18,928		5,145		882		2,799			4,273		670		227		32,924
Gross charge-offs		(21,960)		(6,848)		—		(1)			(31)		(11)		(18)		(28,869)
Gross recoveries		394		1,252		12		—			123		2		3		1,786
Total net (charge-offs) recoveries		(21,566)		(5,596)		12		(1)			92		(9)		(15)		(27,083)
Foreign currency translation adjustment		341		—		—		—			—		—		—		341
ALLL, June 30, 2026		$	481,087	$	231,351	$	40,340	$	19,968		$	61,248	$	6,560	$	1,502	$	842,056



		Three Months Ended March 31, 2026
		Commercial								Consumer
				CRE							Residential Mortgage
($ in thousands)		C&I		CRE		Multifamily Residential		Construction and Land			SFR		HELOCs		Other Consumer		Total
ALLL, December 31, 2025		$	475,613	$	221,494	$	36,555	$	15,468		$	53,463	$	5,804	$	1,376	$	809,773

Provision for (reversal of) credit losses on loans	(a)	17,892		11,160		2,880		2,593			3,519		92		(262)		37,874
Gross charge-offs		(18,385)		(1,305)		—		(893)			(121)		—		(75)		(20,779)
Gross recoveries		7,918		453		11		2			22		3		251		8,660
Total net (charge-offs) recoveries		(10,467)		(852)		11		(891)			(99)		3		176		(12,119)
Foreign currency translation adjustment		346		—		—		—			—		—		—		346
ALLL, March 31, 2026		$	483,384	$	231,802	$	39,446	$	17,170		$	56,883	$	5,899	$	1,290	$	835,874








		Three Months Ended June 30, 2025
		Commercial								Consumer
				CRE							Residential Mortgage
($ in thousands)		C&I		CRE		Multifamily Residential		Construction and Land			SFR		HELOCs		Other Consumer		Total
ALLL, March 31, 2025		$	421,288	$	212,899	$	32,324	$	15,199		$	46,929	$	4,879	$	1,338	$	734,856


Provision for (reversal of) credit losses on loans	(a)	27,595		8,007		(3,274)		2,654			5,064		369		(259)		40,156
Gross charge-offs		(8,151)		(8,306)		(3)		—			—		—		(4)		(16,464)
Gross recoveries		1,504		18		26		3			4		8		250		1,813
Total net (charge-offs) recoveries		(6,647)		(8,288)		23		3			4		8		246		(14,651)
Foreign currency translation adjustment		55		—		—		—			—		—		—		55
ALLL, June 30, 2025		$	442,291	$	212,618	$	29,073	$	17,856		$	51,997	$	5,256	$	1,325	$	760,416


EAST WEST BANCORP, INC. AND SUBSIDIARIES
ALLOWANCE FOR CREDIT LOSSES
($ in thousands)
(unaudited)
Table 10 (continued)



		Six Months Ended June 30, 2026
		Commercial								Consumer
				CRE							Residential Mortgage
($ in thousands)		C&I		CRE		Multifamily Residential		Construction and Land			SFR		HELOCs		Other Consumer		Total
ALLL, December 31, 2025		$	475,613	$	221,494	$	36,555	$	15,468		$	53,463	$	5,804	$	1,376	$	809,773


Provision for (reversal of) credit losses on loans	(a)	36,820		16,305		3,762		5,392			7,792		762		(35)		70,798
Gross charge-offs		(40,345)		(8,153)		—		(894)			(152)		(11)		(93)		(49,648)
Gross recoveries		8,312		1,705		23		2			145		5		254		10,446
Total net (charge-offs) recoveries		(32,033)		(6,448)		23		(892)			(7)		(6)		161		(39,202)
Foreign currency translation adjustment		687		—		—		—			—		—		—		687
ALLL, June 30, 2026		$	481,087	$	231,351	$	40,340	$	19,968		$	61,248	$	6,560	$	1,502	$	842,056



		Six Months Ended June 30, 2025
		Commercial								Consumer
				CRE							Residential Mortgage
($ in thousands)		C&I		CRE		Multifamily Residential		Construction and Land			SFR		HELOCs		Other Consumer		Total


ALLL, December 31, 2024		$	384,319	218,677		32,117		17,497			44,816		3,132		$	1,494	$	702,052
Provision for (reversal of) credit losses on loans	(a)	63,965		16,112		(3,073)		2,349			7,136		2,108		(379)		88,218
Gross charge-offs		(9,139)		(22,243)		(7)		(1,996)			(9)		—		(53)		(33,447)
Gross recoveries		3,068		72		36		6			54		16		263		3,515
Total net (charge-offs) recoveries		(6,071)		(22,171)		29		(1,990)			45		16		210		(29,932)
Foreign currency translation adjustment		78		—		—		—			—		—		—		78
ALLL, June 30, 2025		$	442,291	$	212,618	$	29,073	$	17,856		$	51,997	$	5,256	$	1,325	$	760,416















		Three Months Ended						Six Months Ended
($ in thousands)		June 30, 2026		March 31, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Unfunded Credit Facilities
Allowance for unfunded credit commitments, beginning of period (1)		$	47,005	$	48,690	$	40,464	$	48,690	$	39,526

Provision for (reversal of) credit losses on unfunded credit commitments	(b)	76		(1,682)		4,844		(1,606)		5,782
Foreign currency translation adjustment		(4)		(3)		(1)		(7)		(1)
Allowance for unfunded credit commitments, end of period (1)		$	47,077	$	47,005	$	45,307	$	47,077	$	45,307


Provision for credit losses:
Provision for credit losses on loans and unfunded credit commitments	(a)+(b)	$	33,000	$	36,192	$	45,000	$	69,192	$	94,000
Reversal of credit losses on AFS debt securities	(c)	—		(192)		—		(192)		—
Total provision for credit losses	(a)+(b)+(c)	$	33,000	$	36,000	$	45,000	$	69,000	$	94,000

(1)Included in Accrued expenses and other liabilities on the Condensed Consolidated Balance Sheet.


EAST WEST BANCORP, INC. AND SUBSIDIARIES
CRITICIZED LOANS, NONPERFORMING ASSETS, CREDIT QUALITY RATIOS AND
COMPOSITION OF ALLOWANCE BY PORTFOLIO
($ in thousands)
(unaudited)
Table 11


Criticized Loans	June 30, 2026		March 31, 2026		June 30, 2025
Special mention loans	$	433,342	$	316,230	$	446,665
Classified loans	854,382		913,386		736,228
Total criticized loans (1)	$	1,287,724	$	1,229,616	$	1,182,893

(1)Excludes loans HFS.
















Nonperforming Assets		June 30, 2026			March 31, 2026			June 30, 2025
Nonaccrual loans:
Commercial:
	C&I	$	48,692		$	61,063		$	71,894




	Total CRE	89,122			56,104			9,420
Consumer:




	Total residential mortgage	67,082			63,452			58,003
	Other consumer	62			29			137
	Total nonaccrual loans	204,958			180,648			139,454
OREO, net		24,576			14,917			32,224


Nonperforming loans HFS		17,425			20,759			—
	Total nonperforming assets	$	246,959		$	216,324		$	171,678



Credit Quality Ratios		June 30, 2026			March 31, 2026			June 30, 2025
Annualized quarterly net charge-offs to average loans HFI		0.19		%	0.09		%	0.11		%
Annualized YTD net charge-offs to YTD average loans HFI		0.14		%	0.09		%	0.11		%

Special mention loans to loans HFI		0.73		%	0.54		%	0.81		%
Classified loans to loans HFI		1.45		%	1.57		%	1.34		%
Criticized loans to loans HFI		2.18		%	2.12		%	2.15		%
Nonperforming assets to total assets		0.29		%	0.26		%	0.22		%
Nonaccrual loans to loans HFI		0.35		%	0.31		%	0.25		%
ALLL to loans HFI		1.43		%	1.44		%	1.38		%




Composition of ALLL by Portfolio		June 30, 2026				March 31, 2026				June 30, 2025
Loan Category		ALLL		ALLL/ Loans HFI		ALLL		ALLL/ Loans HFI		ALLL		ALLL/ Loans HFI
	C&I	$	481,087	2.42	%	$	483,384	2.47	%	$	442,291	2.48	%
	Total CRE	291,659		1.35		288,418		1.35		259,547		1.26
	Multifamily	40,340		0.77		39,446		0.77		29,073		0.58
	Office	65,489		2.85		65,546		2.87		60,354		2.78
	All other CRE	185,830		1.32		183,426		1.31		170,120		1.26
	Total residential mortgage	67,808		0.39		62,782		0.37		57,253		0.35




	Other consumer	1,502		2.65		1,290		2.48		1,325		2.65
Total loans		$	842,056	1.43	%	$	835,874	1.44	%	$	760,416	1.38	%


EAST WEST BANCORP, INC. AND SUBSIDIARIES
GAAP TO NON-GAAP RECONCILIATION
($ in thousands)
(unaudited)
Table 12













On June 30, 2025, the California single sales factor apportionment method (“CA SSF”) was approved for financial institutions in the 2025 tax year, which resulted in $6 million of additional income tax expense recorded in the second quarter of 2025. The table below provides the computation of the Company’s effective tax rate and adjusted effective tax rate excluding the impact of the CA SSF. Management believes that presenting the adjusted effective tax rate computation allows comparability among different periods.

		Three Months Ended									Six Months Ended
		June 30, 2026			March 31, 2026			June 30, 2025			June 30, 2026			June 30, 2025
Income tax expense	(a)	$	103,821		$	99,639		$	91,979		$	203,460		$	192,864
Less: Impact of the CA SSF	(b)	—			—			(6,391)			—			(6,391)
Adjusted income tax expense	(c)=(a)+(b)	$	103,821		$	99,639		$	85,588		$	203,460		$	186,473

Income before income taxes	(d)	467,521			457,435			402,232			924,956			793,387

Effective tax rate	(a)/(d)	22.21		%	21.78		%	22.87		%	22.00		%	24.31		%
Less: Impact of the CA SSF	(b)/(d)	—		%	—		%	(1.59)		%	—		%	(0.81)		%
Adjusted effective tax rate	(c)/(d)	22.21		%	21.78		%	21.28		%	22.00		%	23.50		%


Adjusted net income and adjusted diluted EPS represent net income and diluted EPS adjusted for the tax-effected impacts of the FDIC special assessment reversals and the impact of the CA SSF. Management believes that presenting the computations of the adjusted net income, adjusted diluted EPS, adjusted return on average assets and adjusted return on average common equity provide clarity to financial statement users regarding the ongoing performance of the Company and allow comparability to prior periods. •FDIC special assessment reversals are included in Deposit insurance premiums and regulatory assessments on the Condensed Consolidated Statement of Income. •During the second quarter of 2025, the Company recorded $6 million of additional income tax expense due to the impact of the CA SSF.

		Three Months Ended									Six Months Ended
		June 30, 2026			March 31, 2026			June 30, 2025			June 30, 2026			June 30, 2025
Net income	(a)	$	363,700		$	357,796		$	310,253		$	721,496		$	600,523



Less: FDIC special assessment reversals	(b)	—			(1,015)			(833)			(1,015)			—

Tax effects of adjustments (1)	(b)	—			284			235			284			—


Add: Impact of the CA SSF	(b)	—			—			6,391			—			6,391
Adjusted net income	(c)=(a)+∑(b)	$	363,700		$	357,065		$	316,046		$	720,765		$	606,914

Diluted weighted-average number of shares outstanding	(d)	138,301			138,919			138,789			138,568			139,058
Diluted EPS	(e)	$	2.63		$	2.57		$	2.24		$	5.21		$	4.32


Less: FDIC special assessment reversals	(f)	—			—			(0.01)			(0.01)			—

Tax effects of adjustments (1)	(f)	—			—			—			—			—
Add: Impact of the CA SSF	(f)	—			—			0.05			—			0.05


Adjusted diluted EPS	(g)=(e)+∑(f)	$	2.63		$	2.57		$	2.28		$	5.20		$	4.37

Average total assets	(h)	$	83,150,969		$	81,080,258		$	76,862,028		$	82,121,334		$	76,246,907
Average stockholders’ equity	(i)	$	9,114,396		$	9,047,373		$	8,069,982		$	9,081,070		$	7,970,083
Return on average assets (2)	(a)/(h)	1.75		%	1.79		%	1.62		%	1.77		%	1.59		%
Adjusted return on average assets (2)	(c)/(h)	1.75		%	1.79		%	1.65		%	1.77		%	1.61		%
Return on average common equity (2)	(a)/(i)	16.01		%	16.04		%	15.42		%	16.02		%	15.19		%
Adjusted return on average common equity (2)	(c)/(i)	16.01		%	16.01		%	15.71		%	16.01		%	15.36		%

(1)Applied statutory tax rate of 28.02% for the three and six months ended June 30, 2026, and the three months ended March 31, 2026. Applied statutory tax rate of 28.18% for the three and six months ended June 30, 2025.

(2)Annualized.


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

		Three Months Ended									Six Months Ended
		June 30, 2026			March 31, 2026			June 30, 2025			June 30, 2026			June 30, 2025
Net interest income before provision for credit losses	(a)	$	684,651		$	671,193		$	617,074		$	1,355,844		$	1,217,275
FTE adjustment	(b)	1,196			1,250			1,603			2,446			2,749
FTE net interest income before provision for credit losses	(c)=(a)+(b)	685,847			672,443			618,677			1,358,290			1,220,024
Total noninterest income	(d)	106,492			102,556			86,178			209,048			178,280

Total revenue	(e)=(a)+(d)	791,143			773,749			703,252			1,564,892			1,395,555
Total revenue (FTE)	(f)=(c)+(d)	$	792,339		$	774,999		$	704,855		$	1,567,338		$	1,398,304











Total noninterest expense	(g)	$	290,622		$	280,314		$	256,020		$	570,936		$	508,168

Add: FDIC special assessment reversals	(h)	—			1,015			833			1,015			—

Adjusted noninterest expense	(i)=(g)+(h)	$	290,622		$	281,329		$	256,853		$	571,951		$	508,168

Efficiency ratio	(g)/(e)	36.73		%	36.23		%	36.41		%	36.48		%	36.41		%
Adjusted efficiency ratio	(i)/(e)	36.73		%	36.36		%	36.52		%	36.55		%	36.41		%
Efficiency ratio (FTE)	(g)/(f)	36.68		%	36.17		%	36.32		%	36.43		%	36.34		%
Adjusted efficiency ratio (FTE)	(i)/(f)	36.68		%	36.30		%	36.44		%	36.49		%	36.34		%
Pre-tax, pre-provision income (“PTPP”)	(e)-(g)	$	500,521		$	493,435		$	447,232		$	993,956		$	887,387
PTPP (FTE)	(f)-(g)	$	501,717		$	494,685		$	448,835		$	996,402		$	890,136
Adjusted PTPP (FTE)	(f)-(i)	$	501,717		$	493,670		$	448,002		$	995,387		$	890,136


EAST WEST BANCORP, INC. AND SUBSIDIARIES
GAAP TO NON-GAAP RECONCILIATION
($ in thousands)
(unaudited)
Table 14

The Company uses certain non-GAAP financial measures to provide supplemental information regarding the Company’s performance. Tangible book value, tangible book value per share and TCE ratio are non-GAAP financial measures. Tangible book value and tangible assets represent stockholders’ equity and total assets, respectively, which have been reduced by goodwill and mortgage servicing assets. Given that the use of such measures and ratios is more prevalent in the banking industry, and are used by banking regulators and analysts, the Company has included them below for discussion.

		June 30, 2026			March 31, 2026			June 30, 2025
Common stock		$	171		$	171		$	170
Additional paid-in capital		2,151,229			2,131,219			2,060,115
Retained earnings		8,800,428			8,547,820			7,744,221
Treasury stock		(1,292,113)			(1,291,555)			(1,140,359)
Accumulated other comprehensive income:
AFS debt securities net unrealized losses		(396,324)			(383,753)			(466,568)
Cash flow hedges net unrealized (losses) gains		(4,637)			12,034			28,622
Foreign currency translation adjustments		(12,825)			(16,501)			(24,434)
Total accumulated other comprehensive loss		(413,786)			(388,220)			(462,380)
Stockholders’ equity	(a)	$	9,245,929		$	8,999,435		$	8,201,767
Less: Goodwill		(465,697)			(465,697)			(465,697)
Mortgage servicing assets		(3,736)			(3,978)			(4,628)
Tangible book value	(b)	$	8,776,496		$	8,529,760		$	7,731,442
Number of common shares at period-end	(c)	137,011			136,979			137,816
Book value per share	(a)/(c)	$	67.48		$	65.70		$	59.51
Tangible book value per share	(b)/(c)	$	64.06		$	62.27		$	56.10
Total assets	(d)	$	84,763,472		$	82,886,152		$	78,158,067
Less: Goodwill		(465,697)			(465,697)			(465,697)
Mortgage servicing assets		(3,736)			(3,978)			(4,628)
Tangible assets	(e)	$	84,294,039		$	82,416,477		$	77,687,742
Total stockholders’ equity to assets ratio	(a)/(d)	10.91		%	10.86		%	10.49		%
TCE ratio	(b)/(e)	10.41		%	10.35		%	9.95		%


EAST WEST BANCORP, INC. AND SUBSIDIARIES
GAAP TO NON-GAAP RECONCILIATION
($ in thousands)
(unaudited)
Table 14 (continued)

Return on average TCE represents tangible net income divided by average tangible book value. Tangible net income excludes the after-tax impacts of the amortization of mortgage servicing assets. Adjusted return on average TCE represents adjusted tangible net income divided by average tangible book value. Adjusted tangible net income is tangible net income excluding the tax-effected impacts of the FDIC special assessment reversals and the impact of the CA SSF. Given that the use of such measures and ratios is more prevalent in the banking industry, and are used by banking regulators and analysts, the Company has included them below for discussion.
		Three Months Ended									Six Months Ended
		June 30, 2026			March 31, 2026			June 30, 2025			June 30, 2026			June 30, 2025
Net income	(f)	$	363,700		$	357,796		$	310,253		$	721,496		$	600,523

Add: Amortization of mortgage servicing assets		264			149			316			413			609
Tax effect of amortization adjustment (1)		(74)			(42)			(89)			(116)			(172)
Tangible net income	(g)	$	363,890		$	357,903		$	310,480		$	721,793		$	600,960





Less: FDIC special assessment reversals		—			(1,015)			(833)			(1,015)			—

Tax effects of adjustments (1)		—			284			235			284			—
Add: Impact of the CA SSF		—			—			6,391			—			6,391



Adjusted tangible net income	(h)	$	363,890		$	357,172		$	316,273		$	721,062		$	607,351
Average stockholders’ equity	(i)	$	9,114,396		$	9,047,373		$	8,069,982		$	9,081,070		$	7,970,083
Less: Average goodwill		(465,697)			(465,697)			(465,697)			(465,697)			(465,697)
Average mortgage servicing assets		(3,884)			(4,025)			(4,825)			(3,954)			(4,971)
Average tangible book value	(j)	$	8,644,815		$	8,577,651		$	7,599,460		$	8,611,419		$	7,499,415
Return on average common equity (2)	(f)/(i)	16.01		%	16.04		%	15.42		%	16.02		%	15.19		%
Return on average TCE (2)	(g)/(j)	16.88		%	16.92		%	16.39		%	16.90		%	16.16		%
Adjusted return on average TCE (2)	(h)/(j)	16.88		%	16.89		%	16.69		%	16.89		%	16.33		%

(2)Annualized.