0001069157false00010691572026-01-222026-01-22


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)
January 22, 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 January 22, 2026, East West Bancorp, Inc. (the “Company”) announced its financial results for the quarter and full year ended December 31, 2025. 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 January 22, 2026, the Company will hold a conference call to discuss its financial results for the quarter and full year ended December 31, 2025 and other matters relating to the Company. The Company has also made available on its website, www.eastwestbank.com, presentation materials containing certain historical and forward-looking information relating to the Company (the “Presentation Materials”). The Presentation Materials are furnished as Exhibit 99.2 and are incorporated by reference in this Item 7.01. All information in Exhibit 99.2 is presented as of the particular date or dates referenced therein, and the Company does not undertake any obligation to, and disclaims any duty to, update any of the information provided. The information provided in Item 7.01 of this report, including Exhibit 99.2, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of such Section, nor shall such information be deemed incorporated by reference into any filings the Company has made or may make under the Securities Act or the Exchange Act, except as otherwise expressly stated in such filing.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits
Press Release, dated January 22, 2026.
Presentation Materials, dated January 22, 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: January 22, 2026By:/s/ Christopher J. Del Moral-Niles 
Christopher J. Del Moral-Niles
  Executive Vice President and Chief Financial Officer



3

ewbc_logo-err011624a.jpg
East West Bancorp, Inc.
135 N. Los Robles Ave., 7th Fl.
Pasadena, CA 91101
Tel. 626.768.6000
NEWS RELEASE

EAST WEST BANCORP REPORTS RECORD NET INCOME FOR 2025 OF $1.3 BILLION AND DILUTED EARNINGS PER SHARE OF $9.52; INCREASES DIVIDEND 33%

Pasadena, California – January 22, 2026 – East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, reported its financial results for the full year and fourth quarter of 2025. Full year 2025 net income was $1.3 billion, or $9.52 per diluted share. Fourth quarter 2025 net income was $356 million, or $2.55 per diluted share. Full-year returns on average assets were 1.70%, returns on average common equity were 16.0%, and book value per share grew 15.9% year-over-year.

“2025 marked another record year for revenue, net interest income, fees, noninterest income, net income, and earnings per share,” said Dominic Ng, Chairman and Chief Executive Officer. “Our results underscore the breadth of value we provide our clients. I am particularly proud of our associates’ focus on driving growth in business checking account relationships. We added thousands of new business accounts in 2025 and experienced healthy growth in noninterest-bearing deposit balances. In doing so, we strengthened the durability of our business, generated a 17% return on average tangible common equity1 for shareholders, and increased tangible book value per share1 by 17% year-over-year,” Ng continued.

“Credit trends remained resilient, with net charge-offs and criticized loans both declining quarter-over-quarter,” Ng continued. “Given our strong capital and profitability, we are pleased to announce the board declared a $0.20 increase in our quarterly common stock dividend to $0.80 per quarter. We remain committed to delivering top-tier shareholder returns, supported by prudent balance sheet growth, industry-leading efficiency, and sound risk management,” concluded Ng.

FINANCIAL HIGHLIGHTS

Year Ended Year-over-Year Change
($ in millions, except per share data)December 31, 2025December 31, 2024$%
Total Revenue$2,932$2,614$31812 %
Net Income1,3251,16615914 
Pre-tax, Pre-provision Income2
1,8911,66123014 
Diluted Earnings per Share$9.52$8.33$1.1914 
Book Value per Share$64.68$55.79$8.8916 
Tangible Book Value per Share1
$61.27$52.39$8.8817 %
Return on Average Assets1.70%1.60%—10 bps
Return on Average Common Equity16.01%15.93%—8 bps
Return on Average Tangible Common Equity1
16.99%17.05%—-6 bps
Total Stockholders’ Equity to Assets Ratio11.06%10.17%—89 bps
Tangible Common Equity Ratio1
10.54%9.60%—94 bps
Total Deposits
$67,083$63,175$3,9086 %
Total Loans
$56,899$53,727$3,1726 %
Total Assets$80,435$75,976$4,4596 %

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 16.
2 Pre-tax, pre-provision income is a non-GAAP financial measure. See reconciliation of GAAP to non-GAAP financial measures in Table 15.

1

BALANCE SHEET
•Assets – Total assets were $80.4 billion as of December 31, 2025, an increase of $0.8 billion, or 1%, from $79.7 billion as of September 30, 2025. Year-over-year, total assets grew $4.5 billion, or 6%, from $76.0 billion as of December 31, 2024.

Fourth quarter 2025 average interest-earning assets of $76.6 billion were up $0.4 billion, or 1%, from $76.2 billion in the third quarter, primarily reflecting a $0.4 billion increase in average total loans outstanding, while average securities growth was driven by an offsetting decrease in average interest-bearing cash and deposits with banks.

•Loans – Total loans reached a record $56.9 billion as of December 31, 2025, an increase of $1.1 billion from $55.8 billion as of September 30, 2025. Year-over-year, total loans were up $3.2 billion, or 6%, from $53.7 billion as of December 31, 2024.

Fourth quarter 2025 average total loans grew by $0.4 billion, or 1%, to $55.6 billion, from $55.2 billion in the third quarter of 2025.

•Deposits – Total deposits reached a record $67.1 billion as of December 31, 2025, an increase of $0.5 billion from $66.6 billion as of September 30, 2025, primarily reflecting growth in noninterest-bearing demand and interest-bearing checking deposits. Noninterest-bearing deposits made up 25% of total deposits as of December 31, 2025. Year-over-year, total deposits increased $3.9 billion, or 6%, from $63.2 billion as of December 31, 2024.

Fourth quarter 2025 total average deposits of $66.8 billion increased $0.6 billion from the third quarter of 2025, primarily reflecting growth in average noninterest-bearing demand and time deposits partly offset by a decrease in average money market deposits.

•Capital – As of December 31, 2025, stockholders’ equity was $8.9 billion, up 4% quarter-over-quarter. The total stockholders’ equity to assets ratio was 11.06% as of December 31, 2025, compared with 10.77% as of September 30, 2025.

Book value per share was $64.68 as of December 31, 2025, up $2.29, or 4% quarter-over-quarter. As of December 31, 2025, tangible book value per share3 was $61.27, up $2.30, or 4% 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 December 31, 2025, September 30, 2025, and December 31, 2024 are presented below.
EWBC Capital
($ in millions)
December 31, 2025 (a)
September 30, 2025
December 31, 2024 (b)
Risk-Weighted Assets (“RWA”) (c)
$57,762$57,043$54,942
Risk-based capital ratios:
Total capital ratio16.42%16.15%15.58%
CET1 capital ratio15.10%14.83%14.27%
Tier 1 capital ratio15.10%14.83%14.27%
Leverage ratio10.95%10.66%10.42%
Total stockholders’ equity to assets ratio11.06%10.77%10.17%
Tangible common equity ratio (d)
10.54%10.24%9.60%
(a)The Company’s December 31, 2025 regulatory capital ratios and RWA are preliminary.
(b)The Company applied the 2020 Current Expected Credit Losses (“CECL”) transition provision in the December 31, 2024 regulatory capital ratio calculations. The CECL transition provision permitted certain banking organizations to exclude from regulatory capital the initial adoption impact of CECL, plus 25% of the cumulative changes in the allowance for credit losses under CECL for each period until December 31, 2021, followed by a three-year phase-out period in which the aggregate benefit was reduced by 25% in 2022, 50% in 2023 and 75% in 2024. The CECL transition was no longer in effect as of January 1, 2025.
(c)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.
(d)Tangible common equity ratio is a non-GAAP financial measure. See reconciliation of GAAP to non-GAAP measures in Table 16.
3 Tangible book value per share is a non-GAAP financial measure. See reconciliation of GAAP to non-GAAP measures in Table 16.
2

OPERATING RESULTS

Full Year Earnings - Full year 2025 revenue was a record $2.9 billion, up $318 million, or 12% year-over-year, driven by record annual net interest income and noninterest income. Full year pre-tax, pre-provision income4 was a record $1.9 billion, an increase of $230 million, or 14% year-over-year. Full year net income was a record $1.3 billion, or $9.52 per diluted share, both up 14% year-over-year.

Fourth Quarter Earnings – Fourth quarter 2025 net income was $356 million or $2.55 per diluted share. Fourth quarter 2025 revenue was $758 million and pre-tax, pre-provision income4 totaled $498 million.

Fourth Quarter 2025 Compared to Third Quarter 2025

Net Interest Income and Net Interest Margin

Net interest income totaled $658 million in the fourth quarter, a decrease of $20 million, or 3%, from $678 million, primarily reflecting $32 million of discount accretion and interest recoveries from the full payment on purchased credit impaired and workout loans recognized in the third quarter.
•Net interest margin was 3.41%, down 12 basis points from the prior quarter.
•The average loan yield was 6.20%, down 41 basis points from the prior quarter. The average interest-earning asset yield was 5.55%, down 33 basis points from the prior quarter.
•The average cost of funds and interest-bearing deposits was 2.37% and 3.05%, respectively in the fourth quarter, a 21 basis point decrease each from the prior quarter.

Noninterest Income

Noninterest income totaled $100 million in the fourth quarter, unchanged from the third quarter. Fee income5 totaled $87 million, down $4 million from $92 million in the prior quarter.

•Commercial and consumer deposit-related fees, lending and loan servicing fees, and foreign exchange income increased a combined $2 million in the fourth quarter, primarily reflecting higher customer activity.
•Customer derivative income and wealth management fees decreased a combined $7 million in the fourth quarter, primarily reflecting lower customer activity.
•Other investment income increased $7 million quarter-over-quarter, primarily due to recoveries related to the Company’s investment in DC Solar and higher income from investments.
•Other income decreased $4 million quarter-over-quarter, primarily reflecting the realization of a bank-owned life insurance-related event in the third quarter.

Noninterest Expense

Total noninterest expense was $261 million in the fourth quarter, which included $17 million of amortization for tax credit and Community Reinvestment Act investments. Total operating noninterest expense was $244 million, down $17 million from $261 million in the prior quarter.

•Compensation and employee benefits were $152 million, a decrease of $24 million, primarily reflecting $27 million of additional compensation expense from a change in equity award recognition for retirement eligible employees in the third quarter.
•Deposit insurance premiums and regulatory assessments were $4 million, a decrease of $5 million, reflecting a higher FDIC special assessment reversal quarter-over-quarter.
•Deposit account expense was $8 million, a decrease of $1 million, reflecting lower rates and balances in certain accounts.
•Computer and software related expenses were $15 million, an increase of $2 million, largely due to an increase in software-related expenses.
•Other operating expense was $49 million, an increase of $10 million, primarily reflecting an increase in net other real estate owned write-downs.
•The efficiency ratio was 34.5% in the fourth quarter, compared with 35.6% in the prior quarter.

4 Pre-tax, pre-provision income is a non-GAAP financial measure. See reconciliation of GAAP to non-GAAP financial measures in Table 15.
5 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

TAX RELATED ITEMS

Full year 2025 income tax expense was $400 million, and the effective tax rate was 23.2%, compared with income tax expense of $316 million and an effective tax rate of 21.3% for the full year of 2024. Fourth quarter 2025 income tax expense was $111 million and the effective tax rate was 23.7%, compared with income tax expense of $97 million and 20.8% in the third quarter of 2025, reflecting the timing of certain renewable energy tax credit investments that closed and were placed into service in the third quarter.

ASSET QUALITY

As of December 31, 2025, the credit quality of our loan portfolio remained resilient.
•Fourth quarter 2025 net charge-offs were $12 million, or annualized 0.08% of average loans HFI, compared with $18 million, or annualized 0.13% of average loans HFI, for the third quarter of 2025. Full year 2025 net charge-offs were $60 million, or 0.11% of average loans HFI, compared with $139 million, or 0.26% of average loans HFI for full year 2024.
•The criticized loans ratio decreased 13 basis points quarter-over-quarter to 2.01% of loans held-for-investment (“HFI”) as of December 31, 2025, compared with 2.14% as of September 30, 2025. Criticized loans decreased $50 million quarter-over-quarter to $1.1 billion as of December 31, 2025.
•The special mention loans ratio decreased 15 basis points quarter-over-quarter to 0.61% of loans HFI as of December 31, 2025, compared with 0.76% as of September 30, 2025, while the classified loans ratio increased 2 basis points to 1.40%.
•The allowance for loan losses increased to $810 million, or 1.42% of loans HFI, as of December 31, 2025, compared with $791 million, or 1.42% of loans HFI, as of September 30, 2025, driven primarily by loan growth.
•Nonperforming assets increased $7 million to $208 million as of December 31, 2025, from $201 million as of September 30, 2025. The nonperforming assets ratio was 0.26% of total assets as of December 31, 2025, up 1 basis point from the prior quarter.
•Fourth quarter 2025 provision for credit losses was $30 million, compared with $36 million in the third quarter of 2025.

DIVIDEND PAYOUT AND CAPITAL ACTIONS

East West’s Board of Directors has declared the first quarter 2026 dividend for the Company’s common stock. The common stock cash dividend of $0.80 per share is payable on February 17, 2026 to shareholders of record as of February 2, 2026. This represents a 33% increase, or twenty cents per share, to the quarterly common stock dividend, up from $0.60 per share previously. The new annual dividend equivalent is $3.20 per share, compared with $2.40 per share previously.

East West repurchased approximately ten thousand shares of common stock during the fourth quarter of 2025 for $1 million. $215 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 $80.4 billion as of December 31, 2025. 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.







4

Conference Call

East West will host a conference call to discuss fourth quarter and full year 2025 earnings with the public on Thursday, January 22, 2026, at 2:00 p.m. PT/5:00 p.m. ET. The public and investment community are invited to listen as management discusses fourth quarter and full year 2025 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
 SVP - Director of Investor Relations
SVP - Director of Corporate Communications
 T: (626) 788-7536
T: (626) 768-6853
 E: adrienne.atkinson@eastwestbank.comE: angie.tang@eastwestbank.com


Forward-Looking Statements

Certain matters set forth herein (including any exhibits hereto) contain “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. East West Bancorp, Inc. (referred to herein on an unconsolidated basis as “East West” and on a consolidated basis as the “Company,” “we,” “us,” “our” or “EWBC”) may make forward-looking statements in other documents that it files with, or furnishes to, the United States (“U.S.”) Securities and Exchange Commission (“SEC”) and management may make forward-looking statements to analysts, investors, media members and others. Forward-looking statements are those that do not relate to historical facts and that are based on current assumptions, beliefs, estimates, expectations and projections, many of which, by their nature, are inherently uncertain and beyond the Company’s control. Forward-looking statements may relate to various matters, including the Company’s financial condition, results of operations, plans, objectives, future performance, business or industry, and usually can be identified by the use of forward-looking words, such as “anticipates,” “assumes,” “believes,” “can,” “continues,” “could,” “estimates,” “expects,” “forecasts,” “goal,” “intends,” “likely,” “may,” “might,” “objective,” “plans,” “potential,” “projects,” “remains,” “should,” “target,” “trend,” “will,” “would,” or similar expressions or variations thereof, and the negative thereof, but 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, 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. and the People’s Republic of China, Singapore, and other countries; changes in the commercial and consumer real estate markets; changes in consumer or commercial spending, savings and borrowing habits, and 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 the Company’s ability to receive dividends from its subsidiaries; and 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 such differences, see the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on February 28, 2025 under the heading Item 1A. Risk Factors and its subsequent filings with the SEC. You should treat forward-looking statements as speaking only as of the date they are made and 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 to reflect the occurrence of 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   
December 31, 2025
% or Basis Point Change
 December 31, 2025September 30, 2025December 31, 2024Qtr-o-QtrYr-o-Yr
Assets   
Cash and cash equivalents, and deposits with banks
$4,204,328$4,762,394$5,298,940(11.7)%(20.7)%
 Securities purchased under resale agreements (“resale agreements”)425,000425,000425,000— — 
 Available-for-sale (“AFS”) debt securities (amortized cost of $13,619,781, $13,189,313 and $11,505,775) 13,212,22012,741,15210,846,8113.7 21.8 
Held-to-maturity (“HTM”) debt securities, at amortized cost (fair value of $2,479,746, $2,467,362 and $2,387,754)
2,870,0582,880,6822,917,413(0.4)(1.6)
Total cash, resale agreements and debt securities20,711,60620,809,22819,488,164(0.5)6.3 
 Loans held-for-sale (“HFS”)20,97619,596—7.0 100.0 
 Loans held-for-investment (“HFI”) (net of allowance for loan losses of $809,773, $790,520 and $702,052) 56,068,39954,976,25253,024,5852.0 5.7 
Affordable housing partnership, tax credit and Community Reinvestment Act (“CRA”) investments, net969,492982,247926,640(1.3)4.6 
 Goodwill465,697465,697465,697— — 
Operating lease right-of-use assets125,40777,85581,96761.1 53.0 
 Other assets 2,073,4202,338,6561,989,422(11.3)4.2 
 Total assets $80,434,997$79,669,531$75,976,4751.0 %5.9 %
Liabilities and Stockholders’ Equity   
 Deposits$67,082,701$66,587,556$63,175,0230.7 %6.2 %
Short-term borrowings—9,851— (100.0)— 
Federal Home Loan Bank (“FHLB”) advances3,000,0003,000,0003,500,000 — (14.3)
Securities sold under repurchase agreements (“repurchase agreements”)
—53,489—(100.0)— 
 Long-term debt and finance lease liabilities35,64535,70735,974(0.2)(0.9)
Operating lease liabilities 138,20683,99889,26364.5 54.8 
 Accrued expenses and other liabilities1,279,2431,316,1301,453,161(2.8)(12.0)
 Total liabilities71,535,79571,086,73168,253,4210.6 4.8 
 Stockholders’ equity8,899,2028,582,8007,723,0543.7 15.2 
 Total liabilities and stockholders’ equity $80,434,997$79,669,531$75,976,4751.0 %5.9 %
Total cash, resale agreements and debt securities/total assets
25.75%26.12%25.65%(37)bps10 bps
Total stockholders’ equity to assets ratio11.06%10.77%10.17%29 89 
Tangible common equity (“TCE”) ratio (1)
10.54%10.24%9.60%30 bps94 bps
Book value per share $64.68$62.39$55.793.7 %15.9 %
Tangible book value (1) per share
$61.27$58.97$52.393.9 17.0 
Number of common shares at period-end137,579137,568138,4370.0 %(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 16.
6

EAST WEST BANCORP, INC. AND SUBSIDIARIES
TOTAL LOANS AND DEPOSITS DETAIL
($ in thousands)
(unaudited)
Table 2
December 31, 2025
% Change
  December 31, 2025September 30, 2025December 31, 2024Qtr-o-QtrYr-o-Yr
Loans:   
Commercial:
Commercial and industrial (“C&I”)$18,650,755 $18,001,529 $17,397,158 3.6 %7.2 %
Commercial real estate (“CRE”):
 CRE15,407,088 15,231,167 14,655,340 1.2 5.1 
 Multifamily residential5,112,328 5,037,284 4,953,442 1.5 3.2 
 Construction and land742,357 776,587 666,162 (4.4)11.4 
Total CRE21,261,773 21,045,038 20,274,944 1.0 4.9 
Consumer:
Residential mortgage:
 Single-family residential15,002,549 14,820,911 14,175,446 1.2 5.8 
 Home equity lines of credit (“HELOCs”)1,911,897 1,852,408 1,811,628 3.2 5.5 
Total residential mortgage16,914,446 16,673,319 15,987,074 1.4 5.8 
Other consumer51,198 46,886 67,461 9.2 (24.1)
Total loans HFI (1)
56,878,172 

55,766,772 

53,726,637 2.0 5.9 
Loans HFS20,976 19,596 — 7.0 100.0 
 
Total loans (1)
56,899,148 55,786,368 53,726,637 2.0 5.9 
Allowance for loan and lease losses (“ALLL”)
(809,773)(790,520)(702,052)2.4 15.3 
 
Net loans (1)
$56,089,375 $54,995,848 $53,024,585 2.0 %5.8 %
Deposits by product:
   
 Noninterest-bearing demand$16,697,099 $16,141,954 $15,450,428 3.4 %8.1 %
 Interest-bearing checking7,989,255 7,854,206 7,940,692 1.7 0.6 
 Money market15,439,729 15,609,931 14,816,511 (1.1)4.2 
 Savings1,671,804 1,689,978 1,751,620 (1.1)(4.6)
 Time deposits25,284,814 25,291,487 23,215,772 0.0 8.9 
 Total deposits$67,082,701 $66,587,556 $63,175,023 0.7 %6.2 %
Deposits by segment/region:
Consumer and Business Banking - U.S. (2)
$34,494,368 $34,378,478 $32,832,926 0.3 %5.1 %
Commercial Banking - U.S. (2)
24,367,113 24,126,028 23,405,769 1.0 4.1 
International Branches (3)
3,875,631 3,835,351 3,412,262 1.1 13.6 
Treasury and Other - U.S. (4)
4,345,589 4,247,699 3,524,066 2.3 23.3 
Total deposits$67,082,701 $66,587,556 $63,175,023 0.7 %6.2 %
(1)Includes $26 million, $24 million and $46 million of net deferred loan fees and net unamortized premiums as of December 31, 2025, September 30, 2025 and December 31, 2024, 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
December 31, 2025
% Change
December 31, 2025September 30, 2025December 31, 2024Qtr-o-QtrYr-o-Yr
Interest and dividend income (1)
$1,072,863 $1,129,732 $1,059,266 (5.0)%1.3%
Interest expense415,039 452,202 471,640 (8.2)(12.0)
Net interest income before provision for credit losses657,824 677,530 587,626 (2.9)11.9
Provision for credit losses30,000 36,000 70,000 (16.7)(57.1)
Net interest income after provision for credit losses627,824 641,530 517,626 (2.1)%21.3%
Noninterest income:
Commercial and consumer deposit-related fees
29,495 28,409 26,468 3.811.4
 Lending and loan servicing fees28,567 27,605 24,737 3.515.5
 Foreign exchange income14,862 14,491 16,643 2.6(10.7)
 Wealth management fees11,034 14,562 9,829 (24.2)12.3
Customer derivative income
3,427 6,442 3,782 (46.8)(9.4)
Total fee income87,385 91,509 81,459 (4.5)7.3
Derivative mark-to-market and credit valuation adjustments
1,035 (318)3,811 NM(72.8)
 Net gains on AFS debt securities29 57 90 (49.1)(67.8)
Other investment income (loss) (2)
7,223 705 (590)NMNM
Other income4,758 8,564 3,396 (44.4)40.1
Total noninterest income100,430 100,517 88,166 (0.1)%13.9%
Noninterest expense:  
 
Compensation and employee benefits (3)
151,892 175,585 139,870 (13.5)%8.6%
 Occupancy and equipment expense17,181 16,970 16,384 1.24.9
Deposit account expense7,977 8,851 10,923 (9.9)(27.0)
Computer and software related expenses15,028 12,949 13,099 16.114.7
Deposit insurance premiums and regulatory assessments (4)
3,563 8,644 6,201 (58.8)(42.5)
 
Other operating expense (2)
48,540 38,231 44,108 27.010.0
Total operating noninterest expense
244,181 261,230 230,585 (6.5)5.9
Amortization of tax credit and CRA investments (2)
17,124 15,693 19,383 9.1(11.7)
Total noninterest expense261,305 276,923 249,968 (5.6)4.5
Income before income taxes 466,949 465,124 355,824 0.431.2
Income tax expense110,678 96,730 62,709 14.476.5
Net income $356,271 $368,394 $293,115 (3.3)%21.5%
Earnings per share (“EPS”)   
- Basic$2.58 $2.68 $2.11 (3.7)%21.8%
- Diluted $2.55 $2.65 $2.10 (3.7)21.9
Weighted-average number of shares outstanding
- Basic138,302 137,676 138,604 0.5%(0.2)%
- Diluted 139,102 138,942 139,883 0.1(0.6)
NM - Not meaningful.
(1)Includes $32 million of discount accretion and interest recoveries from the full payment on purchased credit impaired and workout loans during the three months ended September 30, 2025.
(2)Includes DC Solar recoveries of $3 million and $700 thousand in Other investment income and Other operating expense, respectively, for the three months ended December 31, 2025. Includes $1 million, $50 thousand and $343 thousand of DC Solar recoveries in Amortization of tax credit and CRA investments for the three months ended December 31, 2025, September 30, 2025 and December 31, 2024, respectively.
(3)Includes $4 million and $27 million of additional compensation expense from the change in equity award expense recognition for retirement eligible employees for the three months ended December 31, 2025 and September 30, 2025, respectively.
(4)Includes $7 million, $2 million and $3 million of FDIC special assessment reversals for the three months ended December 31, 2025, September 30, 2025 and December 31, 2024, respectively.

8

EAST WEST BANCORP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF INCOME
($ and shares in thousands, except per share data)
(unaudited)
Table 4
 Year Ended
December 31, 2025
% Change
  December 31, 2025December 31, 2024Yr-o-Yr
Interest and dividend income (1)
$4,293,396 $4,193,196 2.4%
Interest expense1,740,767 1,914,480 (9.1)
Net interest income before provision for credit losses2,552,629 2,278,716 12.0
Provision for credit losses160,000 174,000 (8.0)
Net interest income after provision for credit losses2,392,629 2,104,716 13.7%
Noninterest income:
Commercial and consumer deposit-related fees111,844 103,880 7.7
Lending and loan servicing fees107,988 98,455 9.7
Foreign exchange income58,905 54,605 7.9
Wealth management fees50,000 38,627 29.4
Customer derivative income19,053 14,923 27.7
Total fee income347,790 310,490 12.0
Derivative mark-to-market and credit valuation adjustments(2,197)1,478 NM
Net gains on AFS debt securities963 2,069 (53.5)
Other investment income (2)
10,868 5,611 93.7
Other income21,803 15,570 40.0
Total noninterest income379,227 335,218 13.1%
Noninterest expense:
 
Compensation and employee benefits (3)
618,753 550,734 12.4%
 Occupancy and equipment expense66,129 64,399 2.7
Deposit account expense35,218 47,390 (25.7)
Computer and software related expenses54,737 47,271 15.8
 
Deposit insurance premiums and regulatory assessments (4)
31,725 45,736 (30.6)
 
Other operating expense (2)
165,039 148,301 11.3
Total operating noninterest expense971,601 903,831 7.5
Amortization of tax credit and CRA investments (2)
74,795 54,242 37.9
Total noninterest expense1,046,396 958,073 9.2
Income before income taxes 1,725,460 1,481,861 16.4
Income tax expense400,272 316,275 26.6
Net income $1,325,188 $1,165,586 13.7%
EPS  
- Basic$9.58 $8.39 14.1%
- Diluted $9.52 $8.33 14.3
Weighted-average number of shares outstanding
- Basic138,342 138,898 (0.4)%
- Diluted 139,130 139,958 (0.6)
NM - Not meaningful.
(1)Includes $32 million of discount accretion and interest recoveries from the full payment on purchased credit impaired and workout loans during the twelve months ended December 31, 2025.
(2)Includes $3 million of DC Solar recoveries in Other investment income and $700 thousand in Other operating expense for the twelve months ended December 31, 2025. Includes $1 million and $15 million of DC Solar recoveries in Amortization of tax credit and CRA investments for the twelve months ended December 31, 2025 and 2024, respectively.
(3)Includes $31 million of additional compensation expense from the change in equity award expense recognition for retirement eligible employees for the twelve months ended December 31, 2025.
(4)Includes $9 million of FDIC special assessment reversals and charges for each of the twelve months ended December 31, 2025 and 2024, respectively.

9

EAST WEST BANCORP, INC. AND SUBSIDIARIES
SELECTED AVERAGE BALANCES
($ in thousands)
(unaudited)
Table 5
Three Months Ended
December 31, 2025
% Change
Year Ended
December 31, 2025
% Change
  December 31, 2025September 30, 2025December 31, 2024Qtr-o-QtrYr-o-YrDecember 31, 2025December 31, 2024Yr-o-Yr
Loans:     
Commercial:
 C&I$17,747,561 $17,799,708 $17,010,327 (0.3)%4.3%$17,447,333 $16,492,472 5.8%
CRE:
 CRE15,299,691 15,110,134 14,580,509 1.34.915,003,349 14,587,444 2.9
 Multifamily residential5,053,711 4,963,703 5,046,676 1.80.14,991,171 5,061,821 (1.4)
 Construction and land742,191 752,402 680,374 (1.4)9.1715,283 666,748 7.3
Total CRE21,095,593 20,826,239 20,307,559 1.33.920,709,803 20,316,013 1.9
Consumer:
Residential mortgage:
 Single-family residential14,873,723 14,688,172 14,048,515 1.35.914,571,506 13,753,295 5.9
 HELOCs1,876,303 1,848,524 1,775,587 1.55.71,848,861 1,751,500 5.6
Total residential mortgage16,750,026 16,536,696 15,824,102 1.35.916,420,367 15,504,795 5.9
Other consumer47,216 45,935 59,273 2.8(20.3)47,456 55,500 (14.5)
 
Total loans (1)
$55,640,396 $55,208,578 $53,201,261 0.8%4.6%$54,624,959 $52,368,780 4.3%
Interest-earning assets$76,643,821 $76,206,138 $72,150,099 0.6%6.2%$74,882,487 $69,718,884 7.4%
Total assets$79,741,088 $79,310,698 $75,121,440 0.5%6.1%$77,899,862 $72,821,842 7.0%
Deposits:     
Noninterest-bearing demand$16,392,284 $15,767,292 $14,973,805 4.0%9.5%$15,598,605 $14,799,961 5.4%
Interest-bearing checking7,497,730 7,501,315 7,998,098 0.0(6.3)7,589,980 7,731,828 (1.8)
Money market15,992,899 16,565,937 14,313,494 (3.5)11.715,685,199 13,970,375 12.3
Savings1,675,200 1,705,332 1,731,414 (1.8)(3.2)1,719,422 1,770,041 (2.9)
Time deposits25,273,335 24,649,891 22,931,856 2.510.224,256,155 21,400,834 13.3
Total deposits$66,831,448 $66,189,767 $61,948,667 1.0%7.9%$64,849,361 $59,673,039 8.7%
(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
  December 31, 2025September 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$4,357,892 $37,839 3.44%$4,873,674 $47,170 3.84%
 Resale agreements425,000 1,625 1.52%425,000 1,616 1.51%
Debt securities:
 AFS13,196,788 149,608 4.50%12,650,323 146,336 4.59%
HTM2,873,386 12,195 1.68%2,884,267 12,226 1.68%
Total debt securities16,070,174 161,803 3.99%15,534,590 158,562 4.05%
Loans:
C&I17,747,561 299,013 6.68%17,799,708 345,947 7.71%
(2)
CRE21,095,593 322,936 6.07%20,826,239 327,168 6.23%
Residential mortgage16,750,026 246,404 5.84%16,536,696 245,728 5.90%
Other consumer47,216 683 5.74%45,935 675 5.83%
 
Total loans (3)
55,640,396 869,036 6.20%55,208,578 919,518 6.61%
(2)
 FHLB and FRB stock150,359 2,560 6.75%164,296 2,866 6.92%
 Total interest-earning assets$76,643,821 $1,072,863 5.55%$76,206,138 $1,129,732 5.88%
Noninterest-earning assets:      
 Cash and due from banks439,881 410,446   
 
Allowance for loan, lease and securities’ losses
(800,633)(789,195)  
 Other assets 3,458,019 3,483,309   
 Total assets$79,741,088   $79,310,698   
Liabilities and Stockholders’ Equity     
Interest-bearing liabilities:      
 Checking deposits $7,497,730 $41,613 2.20%$7,501,315 $46,725 2.47%
 Money market deposits15,992,899 114,245 2.83%16,565,937 133,951 3.21%
 Savings deposits1,675,200 3,019 0.71%1,705,332 3,353 0.78%
 Time deposits25,273,335 228,446 3.59%24,649,891 230,608 3.71%
Total interest-bearing deposits
50,439,164 387,323 3.05%50,422,475 414,637 3.26%
 
Short-term borrowings and federal funds purchased
1,391 12 3.42%474 3 2.51%
 FHLB advances2,508,153 26,553 4.20%3,228,262 36,740 4.52%
Repurchase agreements
45,974 505 4.36%13,012 148 4.51%
 Long-term debt and finance lease liabilities35,663 646 7.19%35,732 674 7.48%
 Total interest-bearing liabilities$53,030,345 $415,039 3.11%$53,699,955 $452,202 3.34%
Noninterest-bearing liabilities and stockholders’ equity:    
 Demand deposits16,392,284 15,767,292 
 Accrued expenses and other liabilities1,544,144 1,462,237 
 Stockholders’ equity 8,774,315 8,381,214 
 Total liabilities and stockholders’ equity $79,741,088 $79,310,698 
Total deposits
$66,831,448 $387,323 2.30%$66,189,767 $414,637 2.49%
Interest rate spread 2.44%2.54%
Adjusted interest rate spread (4)
2.44%2.37%
Net interest income and net interest margin $657,824 3.41%$677,530 3.53%
Adjusted net interest income and adjusted net interest margin (4)
$657,824 3.41%$645,234 3.36%
(1)Annualized.
(2)Includes $32 million of additional interest income from discount accretion and interest recoveries from the full payment on purchased credit impaired and workout loans during the three months ended September 30, 2025.
(3)Includes loans HFS.
(4)See reconciliation of GAAP to non-GAAP measures in Table 12.
11

EAST WEST BANCORP, INC. AND SUBSIDIARIES
QUARTER-TO-DATE AVERAGE BALANCES, YIELDS AND RATES
($ in thousands)
(unaudited)
Table 7
 Three Months Ended
December 31, 2025December 31, 2024
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$4,357,892 $37,839 3.44%$4,585,135 $47,946 4.16%
 
Resale agreements
425,000 1,625 1.52%425,000 1,591 1.49%
Debt securities:
 AFS13,196,788 149,608 4.50%10,852,569 125,628 4.61%
HTM2,873,386 12,195 1.68%2,921,096 12,330 1.68%
Total debt securities16,070,174 161,803 3.99%13,773,665 137,958 3.98%
Loans:
C&I17,747,561 299,013 6.68%17,010,327 317,374 7.42%
CRE21,095,593 322,936 6.07%20,307,559 317,526 6.22%
Residential mortgage16,750,026 246,404 5.84%15,824,102 233,147 5.86%
Other consumer47,216 683 5.74%59,273 749 5.03%
 
Total loans (2)
55,640,396 869,036 6.20%53,201,261 868,796 6.50%
 FHLB and FRB stock150,359 2,560 6.75%165,038 2,975 7.17%
 Total interest-earning assets$76,643,821 $1,072,863 5.55%$72,150,099 $1,059,266 5.84%
Noninterest-earning assets:      
 Cash and due from banks439,881 381,012   
 
Allowance for loan, lease and securities’ losses
(800,633)(707,689)  
 Other assets 3,458,019 3,298,018   
 Total assets$79,741,088   $75,121,440   
Liabilities and Stockholders’ Equity     
Interest-bearing liabilities:      
 Checking deposits $7,497,730 $41,613 2.20%$7,998,098 $56,640 2.82%
 Money market deposits 15,992,899 114,245 2.83%14,313,494 119,420 3.32%
 Savings deposits 1,675,200 3,019 0.71%1,731,414 3,829 0.88%
 Time deposits 25,273,335 228,446 3.59%22,931,856 248,533 4.31%
Total interest-bearing deposits
50,439,164 387,323 3.05%46,974,862 428,422 3.63%
 Short-term borrowings and federal funds purchased1,391 12 3.42%783 9 4.57%
 FHLB advances2,508,153 26,553 4.20%3,500,001 42,429 4.82%
Repurchase agreements45,974 505 4.36%4,337 55 5.05%
 Long-term debt and finance lease liabilities35,663 646 7.19%36,123 725 7.98%
 Total interest-bearing liabilities$53,030,345 $415,039 3.11%$50,516,106 $471,640 3.71%
Noninterest-bearing liabilities and stockholders’ equity:     
 Demand deposits 16,392,284 14,973,805 
 Accrued expenses and other liabilities1,544,144 1,900,205 
 Stockholders’ equity 8,774,315 7,731,324 
 Total liabilities and stockholders’ equity $79,741,088 $75,121,440 
Total deposits
$66,831,448 $387,323 2.30%$61,948,667 $428,422 2.75%
Interest rate spread 2.44%2.13%
Net interest income and net interest margin $657,824 3.41%$587,626 3.24%
(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
 Year Ended
December 31, 2025December 31, 2024
Average Balance
InterestAverage Yield/Rate
Average Balance
InterestAverage Yield/Rate
Assets      
Interest-earning assets:      
 Interest-bearing cash and deposits with banks$4,264,056 $159,081 3.73%$4,936,550 $231,794 4.70%
 
Resale agreements
425,000 6,475 1.52%519,263 11,254 2.17%
Debt securities:
 AFS12,516,569 572,959 4.58%8,811,274 399,280 4.53%
HTM2,890,503 48,978 1.69%2,935,937 49,785 1.70%
Total debt securities15,407,072 621,937 4.04%11,747,211 449,065 3.82%
Loans:
C&I17,447,333 1,242,165 7.12%
(1)
16,492,472 1,294,451 7.85%
CRE20,709,803 1,281,156 6.19%20,316,013 1,292,973 6.36%
Residential mortgage16,420,367 968,689 5.90%15,504,795 900,514 5.81%
Other consumer47,456 2,651 5.59%55,500 3,041 5.48%
 
Total loans (2)
54,624,959 3,494,661 6.40%
(1)
52,368,780 3,490,979 6.67%
 FHLB and FRB stock161,400 11,242 6.97%147,080 10,104 6.87%
 Total interest-earning assets$74,882,487 $4,293,396 5.73%$69,718,884 $4,193,196 6.01%
Noninterest-earning assets:      
 Cash and due from banks386,798 345,056   
 
Allowance for loan, lease and securities’ losses
(763,105)(688,448)  
 Other assets 3,393,682 3,446,350   
 Total assets$77,899,862 $72,821,842   
Liabilities and Stockholders’ Equity     
Interest-bearing liabilities:      
 Checking deposits$7,589,980 $183,262 2.41%$7,731,828 $221,367 2.86%
 Money market deposits15,685,199 488,496 3.11%13,970,375 525,870 3.76%
 Savings deposits1,719,422 13,519 0.79%1,770,041 17,764 1.00%
 Time deposits24,256,155 909,252 3.75%21,400,834 955,173 4.46%
Total interest-bearing deposits
49,250,756 1,594,529 3.24%44,873,078 1,720,174 3.83%
 
BTFP, short-term borrowings and federal funds purchased
740 22 2.97%962,061 42,163 4.38%
 FHLB advances3,181,509 141,472 4.45%2,752,733 147,269 5.35%
 Repurchase agreements46,199 2,082 4.51%3,613 197 5.45%
Long-term debt and finance lease liabilities35,780 2,662 7.44%58,467 4,677 8.00%
 Total interest-bearing liabilities$52,514,984 $1,740,767 3.31%$48,649,952 $1,914,480 3.94%
Noninterest-bearing liabilities and stockholders’ equity:
 Demand deposits15,598,605 14,799,961 
 Accrued expenses and other liabilities1,509,865 2,056,755 
 Stockholders’ equity 8,276,408 7,315,174 
 Total liabilities and stockholders’ equity $77,899,862 $72,821,842 
Total deposits
$64,849,361 $1,594,529 2.46%$59,673,039 $1,720,174 2.88%
Interest rate spread 2.42%2.07%
Adjusted interest rate spread (3)
2.38%2.07%
Net interest income and net interest margin $2,552,629 3.41%$2,278,716 3.27%
Adjusted net interest income and adjusted net interest margin (3)
$2,520,333 3.37%$2,278,716 3.27%
(1)Includes $32 million of additional interest income from discount accretion and interest recoveries from the full payment on purchased credit impaired and workout loans during the twelve months ended December 31, 2025.
(2)Includes loans HFS.
(3)See reconciliation of GAAP to non-GAAP measures in Table 12.

13

EAST WEST BANCORP, INC. AND SUBSIDIARIES
SELECTED RATIOS
(unaudited)
Table 9
Three Months Ended (1)
December 31, 2025
Basis Point Change
  December 31, 2025September 30, 2025December 31, 2024Qtr-o-QtrYr-o-Yr
 Return on average assets1.77%1.84%1.55%(7)bps22 bps
Adjusted return on average assets (2)
1.75%1.82%1.54%(7)21 
 Return on average common equity 16.11%17.44%15.08%(133)103 
Adjusted return on average common equity (2)
15.86%17.20%14.95%(134)91 
Return on average TCE (3)
17.03%18.48%16.07%(145)96 
Adjusted return on average TCE (3)
16.77%18.23%15.93%(146)84 
 Interest rate spread2.44%2.54%2.13%(10)31 
Adjusted interest rate spread (4)
2.44%2.37%2.13%7 31 
 Net interest margin3.41%3.53%3.24%(12)17 
Adjusted net interest margin (4)
3.41%3.36%3.24%5 17 
Average loan yield6.20%6.61%6.50%(41)(30)
Adjusted average loan yield (4)
6.20%6.38%6.50%(18)(30)
 Yield on average interest-earning assets5.55%5.88%5.84%(33)(29)
Adjusted yield on average interest-earning assets (4)
5.55%5.71%5.84%(16)(29)
Average cost of interest-bearing deposits3.05%3.26%3.63%(21)(58)
 Average cost of deposits2.30%2.49%2.75%(19)(45)
 Average cost of funds2.37%2.58%2.87%(21)(50)
Operating noninterest expense/average assets1.21%1.31%1.22%(10)(1)
Efficiency ratio34.46%35.59%36.99%(113)(253)
Adjusted efficiency ratio (5)
35.17%33.76%37.54%141 (237)
Efficiency ratio (fully taxable equivalent) (“FTE”) (5)
34.42%35.51%36.92%(109)(250)
Adjusted efficiency ratio (FTE) (5)
35.13%33.67%37.47%146 (234)
Effective tax rate23.70%20.80%17.62%290 608 
Adjusted effective tax rate (6)
23.70%20.80%17.62%290 bps608 bps
Refer to table footnotes on the following page.


14

EAST WEST BANCORP, INC. AND SUBSIDIARIES
SELECTED RATIOS
(unaudited)
Table 9 (continued)
Year Ended
December 31, 2025
Basis Point Change
December 31, 2025December 31, 2024Yr-o-Yr
Return on average assets1.70%1.60%10 bps
Adjusted return on average assets (2)
1.70%1.59%11 
Return on average common equity 16.01%15.93%8 
Adjusted return on average common equity (2)
15.96%15.88%8 
Return on average TCE (3)
16.99%17.05%(6)
Adjusted return on average TCE (3)
16.93%16.99%(6)
Interest rate spread2.42%2.07%35 
Adjusted interest rate spread (4)
2.38%2.07%31 
Net interest margin3.41%3.27%14 
Adjusted net interest margin (4)
3.37%3.27%10 
Average loan yield6.40%6.67%(27)
Adjusted average loan yield (4)
6.34%6.67%(33)
Yield on average interest-earning assets5.73%6.01%(28)
Adjusted yield on average interest-earning assets (4)
5.69%6.01%(32)
Average cost of interest-bearing deposits3.24%3.83%(59)
Average cost of deposits2.46%2.88%(42)
Average cost of funds2.56%3.02%(46)
Operating noninterest expense/average assets1.25%1.24%1 
Efficiency ratio35.69%36.65%(96)
Adjusted efficiency ratio (5)
35.41%36.88%(147)
Efficiency ratio (FTE) (5)
35.62%36.59%(97)
Adjusted efficiency ratio (FTE) (5)
35.34%36.81%(147)
Effective tax rate23.20%21.34%186 
Adjusted effective tax rate (6)
22.83%21.34%149 bps
December 31, 2025
Basis Point Change
December 31, 2025September 30, 2025December 31, 2024Qtr-o-QtrYr-o-Yr
Loan-to-deposit ratio84.82%83.78%85.04%104 (22)
(1)Annualized except for efficiency ratio and effective tax rate.
(2)Adjusted return on average assets and adjusted return on average common equity are non-GAAP financial measures. See reconciliation of GAAP to non-GAAP financial measures in Table 14.
(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 16.
(4)Adjusted interest rate spread, adjusted net interest margin, adjusted average loan yield and adjusted yield on average interest-earning assets are non-GAAP financial measures. See reconciliation of GAAP to non-GAAP financial measures in Table 12.
(5)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 15.
(6)Adjusted effective tax rate is a non-GAAP financial measures. See reconciliation of GAAP to non-GAAP financial measures in Table 13.



15

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


Three Months Ended September 30, 2025
CommercialConsumer
CREResidential Mortgage
($ in thousands)C&ICREMultifamily ResidentialConstruction and LandSingle-Family ResidentialHELOCsOther ConsumerTotal
ALLL, June 30, 2025
$442,291 $212,618 $29,073 $17,856 $51,997 $5,256 $1,325 $760,416 
ALLL recognized on purchased credit-deteriorated (“PCD”) loans
18,175 — — — — — — 18,175 
(Reversal of) provision for credit losses on loans(a)(992)14,552 6,101 671 8,873 854 (143)29,916 
Gross charge-offs(25,325)(5)— — — — (73)(25,403)
Gross recoveries7,236 2 13 3 6 3 — 7,263 
Total net (charge-offs) recoveries(18,089)(3)13 3 6 3 (73)(18,140)
Foreign currency translation adjustment153 — — — — — — 153 
ALLL, September 30, 2025
$441,538 $227,167 $35,187 $18,530 $60,876 $6,113 $1,109 $790,520 


Three Months Ended December 31, 2024
CommercialConsumer
CREResidential Mortgage
($ in thousands)C&ICREMultifamily ResidentialConstruction and LandSingle-Family ResidentialHELOCsOther ConsumerTotal
ALLL, September 30, 2024
$378,315 $221,244 $31,782 $12,208 $48,231 $3,210 $1,495 $696,485 
Provision for (reversal of) credit losses on loans(a)66,318 (2,634)149 5,286 (3,416)(81)3,921 69,543 
Gross charge-offs(62,021)(1)(4)— — (5)(3,922)(65,953)
Gross recoveries2,140 68 190 3 1 8 — 2,410 
Total net (charge-offs) recoveries (59,881)67 186 3 1 3 (3,922)(63,543)
Foreign currency translation adjustment(433)— — — — — — (433)
ALLL, December 31, 2024
$384,319 $218,677 $32,117 $17,497 $44,816 $3,132 $1,494 $702,052 
16

EAST WEST BANCORP, INC. AND SUBSIDIARIES
ALLOWANCE FOR CREDIT LOSSES
($ in thousands)
(unaudited)
Table 10 (continued)
Year Ended December 31, 2025
CommercialConsumer
CREResidential Mortgage
($ in thousands)C&ICREMultifamily ResidentialConstruction and LandSingle-Family ResidentialHELOCsOther ConsumerTotal
ALLL, December 31, 2024
$384,319 $218,677 $32,117 $17,497 $44,816 $3,132 $1,494 $702,052 
ALLL recognized on PCD loans
18,175 — — — — — — 18,175 
Provision for (reversal of) credit losses on loans(a)106,941 26,825 4,386 (45)8,398 2,656 (229)148,932 
Gross charge-offs(44,996)(24,237)(8)(1,996)(57)(6)(152)(71,452)
Gross recoveries10,721 229 60 12 306 22 263 11,613 
Total net (charge-offs) recoveries(34,275)(24,008)52 (1,984)249 16 111 (59,839)
Foreign currency translation adjustment453 — — — — — — 453 
ALLL, December 31, 2025
$475,613 $221,494 $36,555 $15,468 $53,463 $5,804 $1,376 $809,773 
Year Ended December 31, 2024
CommercialConsumer
CREResidential Mortgage
($ in thousands)C&ICREMultifamily ResidentialConstruction and LandSingle-Family ResidentialHELOCsOther ConsumerTotal
ALLL, December 31, 2023
$392,685 170,592 34,375 10,469 55,018 3,947 $1,657 $668,743 
Provision for (reversal of) credit losses on loans(a)110,791 61,908 (2,684)9,114 (10,176)(873)4,096 172,176 
Gross charge-offs(125,413)(14,236)(10)(2,289)(35)(15)(4,259)(146,257)
Gross recoveries6,505 413 436 203 9 73 — 7,639 
Total net (charge-offs) recoveries(118,908)(13,823)426 (2,086)(26)58 (4,259)(138,618)
Foreign currency translation adjustment(249)— — — — — — (249)
ALLL, December 31, 2024
$384,319 $218,677 $32,117 $17,497 $44,816 $3,132 $1,494 $702,052 

Three Months EndedYear Ended
($ in thousands)December 31, 2025September 30, 2025December 31, 2024December 31, 2025December 31, 2024
Unfunded Credit Facilities
Allowance for unfunded credit commitments, beginning of period (1)
$48,390 $45,307 $39,062 $39,526 $37,698 
Provision for credit losses on unfunded credit commitments(b)302 3,084 457 9,168 1,824 
Foreign currency translation adjustment(2)(1)7 (4)4 
Allowance for unfunded credit commitments, end of period (1)
$48,690 $48,390 $39,526 $48,690 $39,526 
Provision for credit losses:
Provision for credit losses on loans and unfunded credit commitments
(a)+(b)$31,100 $33,000 $70,000 $158,100 $174,000 
(Reversal of) provision for credit losses on AFS debt securities(c)(1,100)3,000 — 1,900 — 
Total provision for credit losses
(a)+(b)+(c)$30,000 $36,000 $70,000 $160,000 $174,000 
(1)Included in Accrued expenses and other liabilities on the Condensed Consolidated Balance Sheet.

17

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 LoansDecember 31, 2025September 30, 2025December 31, 2024
Special mention loans$344,876 $422,751 $447,290 
Classified loans796,273 768,568 725,863 
Total criticized loans (1)
$1,141,149 $1,191,319 $1,173,153 
(1)Excludes loans HFS.

Nonperforming Assets
December 31, 2025September 30, 2025December 31, 2024
Nonaccrual loans:
Commercial:
C&I$52,244 $70,065 $86,165 
Total CRE66,648 29,772 18,318 
Consumer:
Total residential mortgage46,808 57,024 54,469 
Other consumer142 73 66 
Total nonaccrual loans165,842 156,934 159,018 
Other real estate owned, net21,183 24,208 35,077 
Nonperforming loans HFS20,976 19,596 — 
Total nonperforming assets$208,001 $200,738 $194,095 
Credit Quality RatiosDecember 31, 2025September 30, 2025December 31, 2024
Annualized quarterly net charge-offs to average loans HFI 0.08 %0.13 %0.48 %
Annual net charge-offs to average loans HFI0.11 %N/A0.26 %
Special mention loans to loans HFI0.61 %0.76 %0.83 %
Classified loans to loans HFI1.40 %1.38 %1.35 %
Criticized loans to loans HFI2.01 %2.14 %2.18 %
Nonperforming assets to total assets0.26 %0.25 %0.26 %
Nonaccrual loans to loans HFI0.29 %0.28 %0.30 %
ALLL to loans HFI
1.42 %1.42 %1.31 %

Composition of ALLL by Portfolio
December 31, 2025September 30, 2025December 31, 2024
Loan CategoryALLLALLL/
Loans HFI		ALLLALLL/
Loans HFI		ALLLALLL/
Loans HFI
C&I$475,613 2.55 %$441,538 2.45 %$384,319 2.21 %
Total CRE273,517 1.29 280,884 1.33 268,291 1.32 
Multifamily36,555 0.72 35,187 0.70 32,117 0.65 
Office62,091 2.78 64,211 2.93 68,015 3.20 
All other CRE174,871 1.26 181,486 1.31 168,159 1.27 
Residential mortgage & consumer60,643 0.36 68,098 0.41 49,442 0.31 
Total loans$809,773 1.42 %$790,520 1.42 %$702,052 1.31 %

18

EAST WEST BANCORP, INC. AND SUBSIDIARIES
GAAP TO NON-GAAP RECONCILIATION
($ in thousands)
(unaudited)
Table 12
Management believes that presenting the adjusted average C&I and loan yields, adjusted yield on average interest-earning assets, adjusted interest rate spread, and adjusted net interest margin that exclude the Q3 2025 impact of discount accretion and interest recoveries from the full payment on purchased credit impaired and workout loans provide clarity to financial statement users regarding the changes in yields and margins, and allows comparability to current and prior periods.
Three Months EndedYear Ended
Average C&I loan yieldDecember 31, 2025September 30, 2025December 31, 2024December 31, 2025December 31, 2024
Interest income on C&I loans(a)$299,013 $345,947 $317,374 $1,242,165 $1,294,451 
Less: Loan payoff discount accretion and interest recoveries— (32,296)— (32,296)— 
Adjusted interest income on loans(b)$299,013 $313,651 $317,374 $1,209,869 $1,294,451 
Average C&I loans(c)$17,747,561 $17,799,708 $17,010,327 $17,447,333 $16,492,472 
Average C&I loan yield(a)/(c)6.68 %
(1)
7.71 %
(1)
7.42 %
(1)
7.12 %7.85 %
Adjusted average C&I loan yield(b)/(c)6.68 %
(1)
6.99 %
(1)
7.42 %
(1)
6.93 %7.85 %
Average loan yield
Interest income on loans(d)$869,036 $919,518 $868,796 $3,494,661 $3,490,979 
Less: Loan payoff discount accretion and interest recoveries— (32,296)— (32,296)— 
Adjusted interest income on loans(e)$869,036 $887,222 $868,796 $3,462,365 $3,490,979 
Average loans(f)$55,640,396 $55,208,578 $53,201,261 $54,624,959 $52,368,780 
Average loan yield(d)/(f)6.20 %
(1)
6.61 %
(1)
6.50 %
(1)
6.40 %6.67 %
Adjusted average loan yield(e)/(f)6.20 %
(1)
6.38 %
(1)
6.50 %
(1)
6.34 %6.67 %
Yield on average interest-earning assets
Interest and dividend income(g)$1,072,863 $1,129,732 $1,059,266 $4,293,396 $4,193,196 
Less: Loan payoff discount accretion and interest recoveries— (32,296)— (32,296)— 
Adjusted interest and dividend income(h)$1,072,863 $1,097,436 $1,059,266 $4,261,100 $4,193,196 
Average interest-earning assets(i)$76,643,821 $76,206,138 $72,150,099 $74,882,487 $69,718,884 
Yield on average interest-earning assets(j)=(g)/(i)5.55 %
(1)
5.88 %
(1)
5.84 %
(1)
5.73 %6.01 %
Adjusted yield on average interest-earning assets(k)=(h)/(i)5.55 %
(1)
5.71 %
(1)
5.84 %
(1)
5.69 %6.01 %
Interest rate spread
Interest on average interest-bearing liabilities(l)3.11 %
(1)
3.34 %
(1)
3.71 %
(1)
3.31 %3.94 %
Interest rate spread(j)-(l)2.44 %2.54 %2.13 %2.42 %2.07 %
Adjusted interest rate spread(k)-(l)2.44 %2.37 %2.13 %2.38 %2.07 %
Net interest margin
Net interest income(m)$657,824 $677,530 $587,626 $2,552,629 $2,278,716 
Less: Loan payoff discount accretion and interest recoveries— (32,296)— (32,296)— 
Adjusted net interest income(n)$657,824 $645,234 $587,626 $2,520,333 $2,278,716 
Average interest-earning assets(o)$76,643,821 $76,206,138 $72,150,099 $74,882,487 $69,718,884 
Net interest margin(m)/(o)3.41 %
(1)
3.53 %
(1)
3.24 %
(1)
3.41 %3.27 %
Adjusted net interest margin(n)/(o)3.41 %
(1)
3.36 %
(1)
3.24 %
(1)
3.37 %3.27 %
(1)Annualized.
19

EAST WEST BANCORP, INC. AND SUBSIDIARIES
GAAP TO NON-GAAP RECONCILIATION
($ in thousands)
(unaudited)
Table 13
On June 30, 2025, California approved the single sales factor apportionment method (“CA SSF”) for financial institutions for 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 to prior periods.
Three Months EndedYear Ended
December 31, 2025September 30, 2025December 31, 2024December 31, 2025December 31, 2024
Income tax expense
(a)$110,678 $96,730 $62,709 $400,272 $316,275 
Less: Impact of the CA SSF
(b)— — — (6,391)— 
Adjusted income tax expense
(c)=(a)+(b)$110,678 $96,730 $62,709 $393,881 $316,275 
Income before income taxes
(d)
466,949 465,124 355,824 1,725,460 1,481,861 
Effective tax rate
(a)/(d)
23.70 %20.80 %17.62 %23.20 %21.34 %
Less: Impact of the CA SSF
(b)/(d)
— %— %— %(0.37)%— %
Adjusted effective tax rate
(c)/(d)
23.70 %20.80 %17.62 %22.83 %21.34 %





































20

EAST WEST BANCORP, INC. AND SUBSIDIARIES
GAAP TO NON-GAAP RECONCILIATION
($ in thousands)
(unaudited)
Table 14
Adjusted net income and adjusted diluted EPS represent net income and diluted EPS adjusted for the following tax-effected impacts: discount accretion and interest recoveries from the full payment on purchased credit impaired and workout loans, change in equity award expense recognition for retirement eligible employees, FDIC special assessment and DC Solar adjustments; 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 that exclude the aforementioned tax-effected adjustments and the impact of the CA SSF provide clarity to financial statement users regarding the ongoing performance of the Company and allow comparability to prior periods.
•Discount accretion and interest recoveries from the full payment on purchased credit impaired and workout loans are included in Interest and dividend income on the Condensed Consolidated Statement of Income.
•During the fourth and third quarters of 2025, the Company recorded $4 million and $27 million, respectively, of additional compensation due to the change in equity award expense recognition for retirement eligible employees (included in Compensation and employee benefits on the Condensed Consolidated Statement of Income).
•FDIC special assessment reversals/charges are included in Deposit insurance premiums and regulatory assessments on the Condensed Consolidated Statement of Income.
•Recoveries related to the Company’s investment in DC Solar are included in Amortization of tax credit and CRA investments, Other investment income (as applicable) and Other operating expense (as applicable) on the Condensed Consolidated Statement of Income.

Three Months EndedYear Ended
December 31, 2025September 30, 2025December 31, 2024December 31, 2025December 31, 2024
Net income(a)$356,271 $368,394 $293,115 $1,325,188 $1,165,586 
Less: Loan payoff discount accretion and interest recoveries(b)— (32,296)— (32,296)— 
Add: Change in equity award expense recognition for retirement eligible employees(b)4,328 27,141 — 31,469 — 
Less/Add: FDIC special assessment (reversal) charge (b)(6,874)(1,927)(3,385)(8,801)8,800 
Less: DC Solar recoveries(b)(4,997)(50)(343)(5,047)(14,690)
Tax effects of adjustments (1)
(b)2,114 2,010 1,109 4,112 1,751 
Add: Impact of the CA SSF(b)— — — 6,391 — 
Adjusted net income(c)=(a)+∑(b)$350,842 $363,272 $290,496 $1,321,016 $1,161,447 
Diluted weighted-average number of shares outstanding(d)139,102 138,942 139,883 139,130 139,958 
Diluted EPS(e)$2.55 $2.65 $2.10 $9.52 $8.33 
Less: Loan payoff discount accretion and interest recoveries(f)— (0.23)— (0.23)— 
Add: Change in equity award expense recognition for retirement eligible employees(f)0.03 0.19 — 0.23 — 
Less/Add: FDIC special assessment (reversal) charge(f)(0.05)(0.01)(0.03)(0.06)0.06 
Less: DC Solar recoveries(f)(0.03)— — (0.04)(0.10)
Tax effects of adjustments (1)
(f)0.02 0.01 0.01 0.03 0.01 
Add: Impact of the CA SSF(f)— — — 0.04 — 
Adjusted diluted EPS(g)=(e)+∑(f)$2.52 $2.61 $2.08 $9.49 $8.30 
Average total assets(h)$79,741,088 $79,310,698 $75,121,440 $77,899,862 $72,821,842 
Average stockholders’ equity(i)$8,774,315 $8,381,214 $7,731,324 $8,276,408 $7,315,174 
Return on average assets(a)/(h)1.77%
(2)
1.84%
(2)
1.55%
(2)
1.70%1.60%
Adjusted return on average assets(c)/(h)1.75%
(2)
1.82%
(2)
1.54%
(2)
1.70%1.59%
Return on average common equity(a)/(i)16.11%
(2)
17.44%
(2)
15.08%
(2)
16.01%15.93%
Adjusted return on average common equity(c)/(i)15.86%
(2)
17.20%
(2)
14.95%
(2)
15.96%15.88%
(1)Applied statutory tax rate of 28.02% for the three and twelve months ended December 31, 2025. Applied statutory tax rate of 28.18% for the three months ended September 30, 2025. Applied statutory tax rate of 29.73% for the three and twelve months ended December 31, 2024.
(2)Annualized.
21

EAST WEST BANCORP, INC. AND SUBSIDIARIES
GAAP TO NON-GAAP RECONCILIATION
($ in thousands)
(unaudited)
Table 15
The Company uses certain non-GAAP financial measures to provide supplemental information regarding the Company’s performance. Non-GAAP measures used consist of FTE net interest income and total revenue. The FTE adjustment relates to tax exempt interest on certain investment securities and loans. Adjusted total revenue and adjusted total revenue (FTE) reflect the adjustments related to the discount accretion and interest recoveries from the full payment on purchased credit impaired and workout loans and DC Solar recoveries (as applicable). Adjusted noninterest expense reflects the change in equity award expense recognition for retirement eligible employees, the FDIC special assessment and DC Solar recoveries.

Efficiency ratio (FTE) represents noninterest expense divided by total revenue (FTE). Adjusted efficiency ratio and adjusted efficiency ratio (FTE) reflect the impacts of the aforementioned adjustments. Pre-tax, pre-provision income represents total revenue (FTE) less noninterest expense. Adjusted pre-tax, pre-provision income represents adjusted total revenue (FTE) less adjusted noninterest expense.
Three Months EndedYear Ended
December 31, 2025September 30, 2025December 31, 2024December 31, 2025December 31, 2024
Net interest income before provision for credit losses(a)$657,824 $677,530 $587,626 $2,552,629 $2,278,716 
FTE adjustment(b)830 1,887 1,276 5,466 4,767 
FTE net interest income before provision for credit losses(c)=(a)+(b)658,654 679,417 588,902 2,558,095 2,283,483 
Total noninterest income(d)100,430 100,517 88,166 379,227 335,218 
Total revenue(e)=(a)+(d)758,254 778,047 675,792 2,931,856 2,613,934 
Total revenue (FTE)(f)=(c)+(d)$759,084 $779,934 $677,068 $2,937,322 $2,618,701 
Less: Loan payoff discount accretion and interest recoveries(g)— (32,296)— (32,296)— 
Less: DC Solar recoveries (1)
(g)(3,337)— — (3,337)— 
Adjusted total revenue(h)=(e)+∑(g)754,917 745,751 675,792 2,896,223 2,613,934 
Adjusted total revenue (FTE)(i)=(f)+∑(g)$755,747 $747,638 $677,068 $2,901,689 $2,618,701 
Total noninterest expense(j)$261,305 $276,923 $249,968 $1,046,396 $958,073 
Less: Change in equity award expense recognition for retirement eligible employees(k)(4,328)(27,141)— (31,469)— 
Add/less: FDIC special assessment reversal (charge)(k)6,874 1,927 3,385 8,801 (8,800)
Add: DC Solar recoveries (2)
(k)1,660 50 343 1,710 14,690 
Adjusted noninterest expense(l)=(j)+∑(k)$265,511 $251,759 $253,696 $1,025,438 $963,963 
Efficiency ratio(j)/(e)34.46 %35.59 %36.99 %35.69 %36.65 %
Adjusted efficiency ratio(l)/(h)35.17 %33.76 %37.54 %35.41 %36.88 %
Efficiency ratio (FTE)(j)/(f)34.42 %35.51 %36.92 %35.62 %36.59 %
Adjusted efficiency ratio (FTE)(l)/(i)35.13 %33.67 %37.47 %35.34 %36.81 %
Pre-tax, pre-provision income(f)-(j)$497,779 $503,011 $427,100 $1,890,926 $1,660,628 
Adjusted pre-tax, pre-provision income(i)-(l)$490,236 $495,879 $423,372 $1,876,251 $1,654,738 
(1)Included in Other investment income for the three and twelve months ended December 31, 2025.
(2)Amounts were included in Amortization of tax credit and CRA investments, except for $700 thousand which was included in Other operating expense for the three and twelve months ended December 31, 2025.


22

EAST WEST BANCORP, INC. AND SUBSIDIARIES
GAAP TO NON-GAAP RECONCILIATION
($ in thousands)
(unaudited)
Table 16   
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.
 December 31, 2025September 30, 2025December 31, 2024
Common stock
$170 $170 $170 
Additional paid-in capital
2,111,316 2,096,227 2,030,712 
Retained earnings
8,301,522 8,028,882 7,311,542 
Treasury stock
(1,168,196)(1,166,922)(1,034,110)
Accumulated other comprehensive income:
AFS debt securities net unrealized losses(353,233)(383,621)(542,152)
Cash flow hedges net unrealized gains (losses)28,209 30,425 (20,787)
Foreign currency translation adjustments(20,586)(22,361)(22,321)
Total accumulated other comprehensive loss(345,610)(375,557)(585,260)
Stockholders’ equity (a)$8,899,202 $8,582,800 $7,723,054 
Less: Goodwill(465,697)(465,697)(465,697)
Mortgage servicing assets(4,119)(4,362)(5,234)
Tangible book value(b)$8,429,386 $8,112,741 $7,252,123 
Number of common shares at period-end(c)137,579 137,568 138,437 
Book value per share(a)/(c)$64.68 $62.39 $55.79 
Tangible book value per share (b)/(c)$61.27 $58.97 $52.39 
Total assets(d)$80,434,997 $79,669,531 $75,976,475 
Less: Goodwill(465,697)(465,697)(465,697)
Mortgage servicing assets(4,119)(4,362)(5,234)
Tangible assets (e)$79,965,181 $79,199,472 $75,505,544 
Total stockholders’ equity to assets ratio(a)/(d)11.06%10.77%10.17%
TCE ratio (b)/(e)10.54%10.24%9.60%

23

EAST WEST BANCORP, INC. AND SUBSIDIARIES
GAAP TO NON-GAAP RECONCILIATION
($ in thousands)
(unaudited)
Table 16 (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 following tax-effected impacts: discount accretion and interest recoveries from the full payment on purchased credit impaired and workout loans, change in equity award expense recognition for retirement eligible employees, FDIC special assessment and DC Solar adjustments, 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 EndedYear Ended
December 31, 2025September 30, 2025December 31, 2024December 31, 2025December 31, 2024
Net income
(f)
$356,271 $368,394 $293,115 $1,325,188 $1,165,586 
Add: Amortization of mortgage servicing assets249 266 334 1,124 1,322 
Tax effect of amortization adjustment (1)
(70)(75)(99)(315)(393)
Tangible net income(g)$356,450 $368,585 $293,350 $1,325,997 $1,166,515 
Less: Loan payoff discount accretion and interest recoveries— (32,296)— (32,296)— 
Add: Change in equity award expense recognition for retirement eligible employees4,328 27,141 — 31,469 — 
Less/Add: FDIC special assessment (reversal) charge
(6,874)(1,927)(3,385)(8,801)8,800 
Less: DC Solar recoveries(4,997)(50)(343)(5,047)(14,690)
Tax effects of adjustments (1)
2,114 2,010 1,109 4,112 1,751 
Add: Impact of the CA SSF
— — — 6,391 — 
Adjusted tangible net income
(h)
$351,021 $363,463 $290,731 $1,321,825 $1,162,376 
Average stockholders’ equity
(i)
$8,774,315 $8,381,214 $7,731,324 $8,276,408 $7,315,174 
Less: Average goodwill(465,697)(465,697)(465,697)(465,697)(465,697)
Average mortgage servicing assets(4,270)(4,534)(5,445)(4,684)(5,953)
Average tangible book value
(j)
$8,304,348 $7,910,983 $7,260,182 $7,806,027 $6,843,524 
Return on average common equity (2)
(f)/(i)16.11%17.44%15.08%16.01%15.93%
Return on average TCE (2)
(g)/(j)17.03%18.48%16.07%16.99%17.05%
Adjusted return on average TCE (2)
(h)/(j)16.77%18.23%15.93%16.93%16.99%
(1)Applied statutory tax rate of 28.02% for the three and twelve months ended December 31, 2025. Applied statutory tax rate 28.18% for the three months ended September 30, 2025. Applied statutory tax rate of 29.73% for the three and twelve months ended December 31, 2024.
(2)Annualized.
24
East West Bancorp, Inc. Fourth Quarter and Full Year 2025 Earnings Presentation January 22, 2026

 
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, 2024 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 have 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. 2

 
Full Year and 4Q25 Financial Highlights 3 Record 2025 net income of $1.325 billion, $9.52 diluted full-year earnings per share 4Q25 net income of $356 million, $2.55 diluted quarterly earnings per share ▪ Grew EOP deposits $3.9bn Y-o-Y (6.2%) − 8%+ growth in noninterest-bearing and time deposits ▪ Grew EOP loans $3.2bn Y-o-Y (5.9%) − Growth in C&I and residential mortgage bolstering diversification ▪ Record full-year NII of $2.6bn and noninterest income of $379mm ▪ Record full-year fee income of $348mm (+12.0%) − Notable strength in wealth management, customer derivative income, and deposit account fees ▪ Full-year net charge-offs of 11bps ▪ Criticized loans to loans HFI down 13bps Q-o-Q to 2.01% ▪ Nonperforming assets broadly stable at 26bps ▪ ALLL steady at 1.42% ▪ 4Q25 credit provision of $30mm Prudent Balance Sheet Growth Record Full-Year NII, Fees, 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 ▪ Book value per share up 16% Y-o-Y, tangible book value per share1 up 17% Y-o-Y ▪ Full-year 16% ROACE (17% ROTCE)1 ▪ Raising quarterly dividend to $0.80 from $0.60, a 33% increase ▪ 10.5% Tangible Common Equity (TCE)1 ratio

 
4 Year CAGRs +11% 8.5 9.5 16.3 21.4 24.29.3 9.6 9.8 9.5 9.3 12.4 12.4 11.7 14.0 15.721.3 22.8 17.2 14.8 15.6 $51.5 $54.3 $55.0 $59.7 $64.8 2021 2022 2023 2024 2025 Deposits 4 Grew end-of-period deposits 6% Y-o-Y, with over $500 million of Q-o-Q growth in noninterest-bearing demand ($ in billions) Average Deposits End of Period Deposit Growth by Category (3Q25 to 4Q25) ($ in millions) +12% -2% +5% 13% Noninterest-bearing Demand (DDA) MMDA IB Checking & Savings Time 4 Year CAGR +6% $(170) $(7) $117 $555 Money Market Time IB Checking & Savings Noninterest-bearing Demand Q-o-Q +1% +1% +3% 0% -1% Y-o-Y +9% 4 Year CAGRs +11% +4% 0% +8% +9% Y-o-Y +6%

 
4 Year CAGRs +11% $75 $142 $245 $649 Multifamily CRE (ex. Multifamily) Residential mortgage & other consumer C&I 12.1 13.6 15.0 15.2 15.7 3.2 4.3 4.8 5.1 5.0 10.7 12.4 14.2 15.6 16.5 13.7 15.0 15.5 16.5 17.4 $39.7 $45.3 $49.5 $52.4 $54.6 2021 2022 2023 2024 2025 Loans 5 Bolstered diversification with prudent Y-o-Y and Q-o-Q growth in our focus categories ($ in billions) Average Loans End of Period Loan Growth by Category (3Q25 to 4Q25) ($ in millions) +6% +3% +6% -1% C&I CRE (ex. Multifamily)Residential mortgage & other consumer Multifamily Q-o-Q +2% +1% +1% +1% +4% Y-o-Y +4%4 Year CAGR +8% 4 Year CAGRs +11% +6% +3% +7% +5% Y-o-Y +6%

 
Net Interest Income & Net Interest Margin 6 Strong deposit mix trends supported margin and income Q-o-Q ($ in millions) Net Interest Income (NII) & Net Interest Margin (NIM) End of Period Deposit Cost (2Q24 to 4Q25) 2.94% 3.92% 2.84% 3.73% 2.59% 3.43% 2.51% 3.30% 2.48% 3.25% 2.39% 3.15% 2.16% 2.87% Cost of Deposits Cost of Interest-bearing Deposits 06.30.24 09.30.24 12.31.24 03.31.25 06.30.25 09.30.25 12.31.25 $588 $600 $617 $678 $645 $658 3.24% 3.35% 3.35% 3.53% 3.36% 3.41% 4Q24 1Q25 2Q25 Reported 3Q25 3Q25 Adj. 4Q25 NII NIM Adjusted NII and NIM1 (1) See reconciliation of GAAP to non-GAAP financial measures in the appendix and in the Company’s earnings press releases

 
4 Year CAGRs +11% Y-o-Y +12% 78 79 84 98 108 76 95 94 104 11211 15 23 15 19 44 41 48 54 59 26 28 27 39 50 $235 $258 $276 $310 $348 2021 2022 2023 2024 2025 Fee Income1 Fee Income 7 Sustained execution supported strong Y-o-Y growth ($ 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 +10% +29% +28% +8% +8% Commercial and Consumer Deposit-Related Fees Lending and Loan Servicing Fees Foreign Exchange Income ▪ Record full-year fee income1 of $348mm, up $37mm or +12% Y-o-Y − Y-o-Y growth in wealth management, customer derivatives, lending fees, and foreign exchange income up by a combined ~$29mm, reflecting higher customer activity − Commercial and consumer deposit- related fees up nearly $8mm Y-o-Y, reflecting higher treasury management and service-related fee income 4 Year CAGR +10%

 
4 Year CAGRs +11% 63 63 63 64 66 34 45 76 84 76 143 160 184 196 220 434 478 509 551 619 70 9 $674 $746 $902 $904 $972 2021 2022 2023 2024 2025 Total Operating Noninterest Expense1 Operating Expense & Efficiency 8 Maintained best-in-class efficiency ($ in millions) (1) Total noninterest expense excluding amortization of tax credit and CRA investments (2) Calculation and deposit expenses exclude FDIC special assessment charge (reversal) of $70 million, $9 million, and $(9) million for 2023, 2024, and 2025, respectively Highlights Efficiency Ratio and Operating Noninterest Expense/Average Assets Ratio1 Compensation and Employee Benefits Computer and Software Related Expenses, All Other Occupancy and Equipment Deposit-Related Expenses2 +3% +12% +12% -10% ▪ Full-year total operating noninterest expense1 of $972mm, up 7% Y-o-YY-o-Y +7% FDIC Special Assessment 36.4% 35.6% 34.5% 1.20% 1.31% 1.21% 2Q25 3Q25 4Q25 Efficiency Ratio Op. Noninterest Expense / Avg. Assets 4 Year CAGR2 +10% (9)

 
1.35% 1.38% 1.34% 1.38% 1.40% 0.83% 0.91% 0.81% 0.76% 0.61% 2.18% 2.29% 2.15% 2.14% 2.01% 12.31.24 03.31.25 06.30.25 09.30.25 12.31.25 Classified loans / Loans HFI Special mention loans / Loans HFI $70 $49 $45 $36 $30 $64 $15 $15 $18 $12 $- $10 $20 $30 $40 $50 $60 $70 $80 4Q24 1Q25 2Q25 3Q25 4Q25 Provision for credit losses Net charge- offs Asset Quality Metrics 9 Resilient credit – measures holding at low absolute levels Provision for Credit Losses & Net Charge-offs ($ in millions) Nonperforming Assets Criticized Loans / Loans HFI Criticized Ratio by Loans HFI Portfolio ($ in millions) NPA / Total assets 0.26% 0.24% 0.22% 0.25% 0.26% 86 76 72 70 52 54 67 58 57 47 19 10 9 30 67 35 29 33 44 42 $194 $182 $172 $201 $208 12.31.24 03.31.25 06.30.25 09.30.25 12.31.25 OREO and Other CRE Resi. mortgage & consumer C&I Annual NCO ratio 0.26% 0.11% FY2024 FY2025 2.05% 4.28% 1.16% 0.54% 2.47% 4.06% 0.31% 0.49% 2.32% 3.78% 0.28% 0.50% C&I CRE (ex. Multifamily) Multifamily Resi mortgage & consumer

 
Allowance for Loan Losses 10 ALLL ratio remains stable, increased $19mm reflecting Q-o-Q loan growth Highlights ▪ ALLL ratio remains stable ‒ Increased reserves by $19mm Q-o-Q, primarily reflecting Q-o-Q net loan growth, with the ALLL ratio remaining unchanged at 1.42% ‒ Increased C&I reserves while decreasing total CRE and residential mortgage reserves, primarily reflecting changes in the economic forecast Allowance for Loan Losses (ALLL) ($ in millions) Composition of ALLL by Portfolio ($ in millions) 12.31.24 09.30.25 12.31.25 Loan category ALLL ALLL ratio ALLL ALLL ratio ALLL ALLL ratio C&I $ 384 2.21% $ 442 2.45% $ 476 2.55% Total CRE 268 1.32 281 1.33 273 1.29 Multifamily 32 0.65 35 0.70 36 0.72 Office 68 3.20 64 2.93 62 2.78 All Other CRE 168 1.27 182 1.31 175 1.26 Resi mortgage & consumer 50 0.31 68 0.41 61 0.36 Total loans $ 702 1.31% $ 791 1.42% $ 810 1.42% $702 $735 $760 $791 $810 1.31% 1.35% 1.38% 1.42% 1.42% 12.31.24 03.31.25 06.30.25 09.30.25 12.31.25 ALLL ALLL/Loans HFI

 
15.6% 15.6% 15.8% 16.1% 16.4% Total Capital Ratio 14.3% 14.3% 14.5% 14.8% 15.1% CET1 Ratio 10.4% 10.5% 10.6% 10.7% 10.9% Leverage Ratio 9.6% 9.9% 10.0% 10.2% 10.5% Tangible Common Equity Ratio 03.31.25 Capital 11 Position of significant strength Highlights 12.31.24 09.30.2506.30.25 ▪ Declared 1Q26 dividend of $0.80 ‒ Payable on February 17, 2026 to shareholders of record on February 2, 2026 ▪ Strong book value growth ‒ Up 16% Y-o-Y, tangible book value1 up 17% Y-o-Y ▪ Repurchased $1mm shares in 4Q25 ‒ $215 million of East West’s share repurchase authorization remains available; we remain opportunistic Regulatory well capitalized requirement Tangible Common Equity Ratio1 Regulatory Capital Ratios2 6.5% 5.0% 10.0% 12.31.253 (1) See reconciliation of GAAP to non-GAAP financial measures in the appendix and in the Company’s earnings press release (2) The Company applied the 2020 Current Expected Credit Losses (“CECL”) transition provision in the December 31, 2024 regulatory capital ratio calculations. The CECL transition provision permitted certain banking organizations to exclude from regulatory capital the initial adoption impact of CECL, plus 25% of the cumulative changes in the allowance for credit losses under CECL for each period until December 31, 2021, followed by a three-year phase-out period in which the aggregate benefit was reduced by 25% in 2022, 50% in 2023 and 75% in 2024. The CECL transition was no longer in effect as of January 1, 2025. (3) The Company’s December 31, 2025 regulatory capital ratios and Risk-Weighted Assets (RWA) are preliminary

 
Management Outlook: Full Year 2026 12(1) Total noninterest expense excluding amortization of tax credit and CRA investments Earnings Drivers FY 2025 Results FY 2026 Expectations Interest Rate Outlook - ▪ Assumes December 31st forward curve End of Period Loans 6% ($56.9bn) ▪ Growing 5% to 7% Y-o-Y Net Interest Income 12% ($2.55bn) ▪ Growing 5% to 7% Y-o-Y Total Operating Noninterest Expense1 7% ($972mm) ▪ Growing 7% to 9% Y-o-Y Net Charge-offs 11bps ▪ In the range of 20bps to 30bps Tax Items 23% $75mm ▪ Effective tax rate of 22% to 23% ▪ Amortization of tax credit and CRA investment expense of $85 - 95 million Best-in-Class Efficiency Top Quartile Returns FY 2026 Expectation

 
Appendix

 
East West at a Glance 14 (1) See reconciliation of GAAP to non-GAAP financial measures in the appendix and in the Company’s earnings press release ~$15B Market Cap $80B Assets $67B Deposits 17% ROTCE1 12.31.25 12.31.25 12.31.25 4Q25 ▪ 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

 
1% 2% 2% 4% 4% 7% 8% 9% 2% 2% 2% 2% 4% 4% 4% 7% (as % of Total Loans, 12.31.25) Commercial Loans by Type Diversified Loan Portfolio 15 70% of loans support commercial customers, with broad diversification across industry and asset types (1) Industries with 1% of total loans outstanding: Healthcare Services, Tech & Telecom, Hospitality & Leisure, Oil & Gas, Art Finance, Equipment Finance Industries with 1% of total loans outstanding1 CRE $21.3bn C&I $18.6bn Total Loan Portfolio $56.9bn Media & Entertainment Capital Call Lending Real Estate Investment & Mgmt. Infrastructure & Clean Energy General Industrial Multifamily Retail Hotel Office All other CRE Healthcare Construction and Land Manufacturing and Wholesale Financial Services Food Production and Distribution Resi. Mortgage and other consumer $17.0 30% CRE $21.3 37% C&I $18.6 33%

 
<=50% 49% >50% to 55% 15% >55% to 60% 15% >60% to 65% 12% >65% to 70% 5% >70% 4% Commercial Real Estate Portfolio Detail 16 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 12.31.25) (as of 12.31.25) ▪ Fewer than 25% of CRE loans have an LTV over 60% Total Portfolio Size ($bn) Weighted Avg. LTV1 (%) Average Loan Size ($mm) Multifamily $5.1 50% $2 Retail 4.5 47 3 Industrial 4.2 46 4 Hotel 2.5 51 9 Office 2.2 52 4 Healthcare 0.9 51 4 Other 1.1 49 4 Construction & Land2 0.8 50 14 Total CRE $21.3 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

 
38% 6% 12% 8% 6% 2% 2% 4% 6% 9% CRE Office – Additional Information 17 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 12.31.25) (as of 12.31.25) Loan Size Balance ($ in mm) No. of Loans Avg. Loan Size ($ in mm) Weighted Avg. LTV (%) >$30mm $389 10 $39 55% $20mm - $30mm 384 16 24 58 $10mm - $20mm 490 34 14 55 $5mm - $10mm 436 60 7 52 <$5mm 535 396 1 43 Total $2,234 516 $4 52% Other Los Angeles County Other SoCal Other Bay Area San Francisco Other CA, 1% Houston Dallas Manhattan, 3% Other TX Washington Other Regions New Jersey, 2% Other NY, 1% Downtown Los Angeles and Adjacent Neighborhoods

 
30% 3% 19% 9% 2% 4% 6% 3% 4% 3% 12% CRE Retail – Additional Information 18 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 12.31.25) (as of 12.31.25) Loan Size Balance ($ in mm) No. of Loans Avg. Loan Size ($ in mm) Weighted Avg. LTV (%) >$30mm $228 6 $38 46% $20mm - $30mm 548 22 25 58 $10mm - $20mm 816 60 14 48 $5mm - $10mm 790 116 7 47 <$5mm 2,127 1,526 1 44 Total $4,509 1,730 $3 47% Other Los Angeles County Downtown Los Angeles and Adjacent Neighborhoods Other SoCalOther Bay Area San Francisco, Other CA Houston Dallas, 2% Manhattan Other TX, 2% Washington Other Regions Other NY New Jersey, 1%

 
31% 3% 13% 7% 5% 6% 6% 3% 1% 5% 3% 4% 3% 6% Oklahoma, 2% CRE Multifamily – Additional Information 19 Our multifamily portfolio is amongst our most granular CRE Multifamily: Geographic Mix by Metro Area CRE Multifamily by Size Segment (as of 12.31.25) (as of 12.31.25) Loan Size Balance ($ in mm) No. of Loans Avg. Loan Size ($ in mm) Weighted Avg. LTV (%) >$30mm $730 18 $41 59% $20mm - $30mm 647 27 24 55 $10mm - $20mm 608 45 14 53 $5mm - $10mm 724 104 7 53 <$5mm 2,403 2,606 1 45 Total $5,112 2,800 $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 42% Northern California 17% New York 23% Washington 6% Texas 3% Other 9% <=50% 52% >50% to 55% 12% >55% to 60% 24% >60% 12% Residential Mortgage Portfolio 20 Our residential mortgage portfolio benefits from both low LTVs and smaller average loan size Resi. Mortgage Distribution by LTV1 Portfolio Highlights as of 12.31.25 (as of 12.31.25) Outstandings ▪ $16.9bn loans outstanding ▪ +1% Q-o-Q and +6% Y-o-Y Originations ▪ $0.8bn in 4Q25 ▪ Primarily originated through East West Bank branches Single-family Residential ▪ $15.0bn loans outstanding ▪ +1% Q-o-Q and +6% Y-o-Y HELOC ▪ $1.9bn loans outstanding ▪ $3.6bn in undisbursed commitments ▪ 35% utilization as of 12.31.25 ▪ 75% of commitments in first lien position Resi. Mortgage Distribution by Geography3 50% Average LTV1 $439,000 Average loan size2 (as of 12.31.25) (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

 
$0.5 $0.1 $4.2 $11.3 100% RWA 50% RWA 20% RWA 0% RWA $13.8 $14.7 $15.4 $15.5 $16.1 $5.0 $4.5 $4.1 $5.3 $4.8 $18.8 $19.2 $19.5 $20.8 $20.9 3.98% 4.08% 4.02% 4.05% 3.99% 4Q24 1Q25 2Q25 3Q25 4Q25 Total Securities Cash, Equivalent, and Resale Agreements Total Securities Average Yield Average Total Securities Portfolio and Cash Cash and Securities 21 Strong on balance sheet liquidity levels ($ in billions) ▪ Securities portfolio well-positioned as a source of liquidity, interest rate risk management, and earnings support − Total securities average yield down 6bps Q-o-Q − 97% of investment portfolio 0% - 20% risk-weighted (HQLA) − 66% fixed-rate securities, 34% floating Highlights Securities Portfolio Composition by Risk-Weighted Asset (RWA) Distribution ($ in billions, as of 12.31.25) $16.1bn Securities Portfolio

 
5.86% 5.94% 5.93% 5.90% 5.84% 6.22% 6.20% 6.24% 6.23% 6.07% 7.42% 7.06% 7.02% 7.71% 6.68% 20% 22% 32% 26% Fixed rate Hybrid in fixed rate period Variable - SOFR Variable - Prime, all other rates Loan Yields 22 Loan Portfolio by Index Rate (as of 12.31.25) Average C&I Loan Rate Average Residential Mortgage Loan Rate Average CRE Loan Rate 91% variable rate 58%* variable rate *49% had customer-level interest rate derivative contracts SFR: 47% hybrid in fixed-rate period & 39% fixed rate 01.08.26 rate sheet price for 30-year fixed: 6.375% Total fixed rate and hybrid in fixed period: 42% 4Q24 1Q25 2Q25 3Q25 4Q25 4Q24 1Q25 2Q25 3Q25 4Q25

 
4.31% 3.93% 3.79% 3.71% 3.59% Time 3.32% 3.17% 3.25% 3.21% 2.83% Money Market 2.82% 2.51% 2.48% 2.47% 2.20% Interest-bearing Checking 2.75% 2.54% 2.52% 2.49% 2.30% 3.63% 3.34% 3.31% 3.26% 3.05% 3.71% 3.43% 3.39% 3.34% 3.11% 4Q24 1Q25 2Q25 3Q25 4Q25 Average cost of deposits Average cost of interest-bearing deposits Average cost of interest-bearing liabilities Average Deposit and Liability Cost Deposit and Funding Cost 23 Average Deposit Rate by Portfolio 4Q24 1Q25 2Q25 3Q25 4Q25

 
Appendix: GAAP to Non-GAAP Reconciliation 24 EAST WEST BANCORP, INC. AND SUBSIDIARIES GAAP TO NON-GAAP RECONCILIATION ($ in thousands) (unaudited) Management believes that presenting the adjusted net interest margin that excludes the Q3 2025 impact of discount accretion and interest recoveries from the full payment on purchased credit impaired and workout loans provide clarity to financial statement users regarding the changes in yields and margins, and allows comparability to current and prior periods. Three Months Ended Year Ended December 31, 2025 September 30, 2025 December 31, 2024 December 31, 2025 December 31, 2024 Net interest margin Net interest income (a) $ 657,824 $ 677,530 $ 587,626 $ 2,552,629 $ 2,278,716 Less: Loan payoff discount accretion and interest recoveries - (32,296) - (32,296) - Adjusted net interest income (b) $ 657,824 $ 645,234 $ 587,626 $ 2,520,333 $ 2,278,716 Average interest-earning assets (c) $ 76,643,821 $ 76,206,138 $ 72,150,099 $ 74,882,487 $ 69,718,884 Net interest margin (a)/(c) 3.41%1 3.53%1 3.24%1 3.41% 3.27% Adjusted net interest margin (b)/(c) 3.41%1 3.36%1 3.24%1 3.37% 3.27% (1) Annualized.

 
Appendix: GAAP to Non-GAAP Reconciliation 25 EAST WEST BANCORP, INC. AND SUBSIDIARIES GAAP TO NON-GAAP RECONCILIATION ($ in thousands) (unaudited) Adjusted net income and adjusted diluted EPS represent net income and diluted EPS adjusted for the following tax-effected impacts: discount accretion and interest recoveries from the full payment on purchased credit impaired and workout loans, change in equity award expense recognition for retirement eligible employees, FDIC special assessment and DC Solar adjustments; 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 that exclude the aforementioned tax- effected adjustments and the impact of the CA SSF provide clarity to financial statement users regarding the ongoing performance of the Company and allow comparability to prior periods. • Discount accretion and interest recoveries from the full payment on purchased credit impaired and workout loans are included in Interest and dividend income on the Condensed Consolidated Statement of Income. • During the fourth and third quarters of 2025, the Company recorded $4 million and $27 million, respectively, of additional compensation due to the change in equity award expense recognition for retirement eligible employees (included in Compensation and employee benefits on the Condensed Consolidated Statement of Income). • FDIC special assessment reversals/charges are included in Deposit insurance premiums and regulatory assessments on the Condensed Consolidated Statement of Income. • Recoveries related to the Company’s investment in DC Solar are included in Amortization of tax credit and CRA investments, Other investment income (as applicable) and Other operating expense (as applicable) on the Condensed Consolidated Statement of Income. (1) Applied statutory tax rate of 28.02% for the three and twelve months ended December 31, 2025. Applied statutory tax rate of 28.18% for the three months ended September 30, 2025. Applied statutory tax rate of 29.73% for the three and twelve months ended December 31, 2024. Three Months Ended Year Ended December 31, 2025 September 30, 2025 December 31, 2024 December 31, 2025 December 31, 2024 Net income (a) $ 356,271 $ 368,394 $ 293,115 $ 1,325,188 $ 1,165,586 Less: Loan payoff discount accretion and interest recoveries (b) - (32,296) - (32,296) - Add: Change in equity award expense recognition for retirement eligible employees (b) 4,328 27,141 - 31,469 - Less/Add: FDIC special assessment (reversal) charge (b) (6,874) (1,927) (3,385) (8,801) 8,800 Less: DC Solar recoveries (b) (4,997) (50) (343) (5,047) (14,690) Tax effects of adjustments1 (b) 2,114 2,010 1,109 4,112 1,751 Add: Impact of the CA SSF (b) - - - 6,391 - Adjusted net income (c)=(a)+∑(b) $ 350,842 $ 363,272 $ 290,496 $ 1,321,016 $ 1,161,447 Diluted weighted-average number of shares outstanding (d) 139,102 138,942 139,883 139,130 139,958 Diluted EPS (e) $ 2.55 $ 2.65 $ 2.10 $ 9.52 $ 8.33 Less: Loan payoff discount accretion and interest recoveries (f) - (0.23) - (0.23) - Add: Change in equity award expense recognition for retirement eligible employees (f) 0.03 0.19 - 0.23 - Less/Add: FDIC special assessment (reversal) charge (f) (0.05) (0.01) (0.03) (0.06) 0.06 Less: DC Solar recoveries (f) (0.03) - - (0.04) (0.10) Tax effects of adjustments1 (f) 0.02 0.01 0.01 0.03 0.01 Add: Impact of the CA SSF (f) - - - 0.04 - Adjusted diluted EPS (g)=(e)+∑(f) $ 2.52 $ 2.61 $ 2.08 $ 9.49 $ 8.30

 
Appendix: GAAP to Non-GAAP Reconciliation (Continued from Slide 25) 26 EAST WEST BANCORP, INC. AND SUBSIDIARIES GAAP TO NON-GAAP RECONCILIATION ($ in thousands) (unaudited) (1) Annualized. Three Months Ended Year Ended December 31, 2025 September 30, 2025 December 31, 2024 December 31, 2025 December 31, 2024 Average total assets (h) $ 79,741,088 $ 79,310,698 $ 75,121,440 $ 77,899,862 $ 72,821,842 Average stockholders' equity (i) $ 8,774,315 $ 8,381,214 $ 7,731,324 $ 8,276,408 $ 7,315,174 Return on average assets (a)/(h) 1.77%1 1.84%1 1.55%1 1.70% 1.60% Adjusted return on average assets (c)/(h) 1.75%1 1.82%1 1.54%1 1.70% 1.59% Return on average common equity (a)/(i) 16.11%1 17.44%1 15.08%1 16.01% 15.93% Adjusted return on average common equity (c)/(i) 15.86%1 17.20%1 14.95%1 15.96% 15.88%

 
Appendix: GAAP to Non-GAAP Reconciliation 27 EAST WEST BANCORP, INC. AND SUBSIDIARIES GAAP TO NON-GAAP RECONCILIATION ($ in thousands) (unaudited) The Company uses certain non-GAAP financial measures to provide supplemental information regarding the Company’s performance. Non-GAAP measures used consist of FTE net interest income and total revenue. The FTE adjustment relates to tax exempt interest on certain investment securities and loans. Adjusted total revenue and adjusted total revenue (FTE) reflect the adjustments related to the discount accretion and interest recoveries from the full payment on purchased credit impaired and workout loans and DC Solar recoveries (as applicable). Adjusted noninterest expense reflects the change in equity award expense recognition for retirement eligible employees, the FDIC special assessment and DC Solar recoveries. Efficiency ratio (FTE) represents noninterest expense divided by total revenue (FTE). Adjusted efficiency ratio and adjusted efficiency ratio (FTE) reflect the impacts of the aforementioned adjustments. Pre-tax, pre-provision income represents total revenue (FTE) less noninterest expense. Adjusted pre-tax, pre-provision income represents adjusted total revenue (FTE) less adjusted noninterest expense. Three Months Ended Year Ended December 31, 2025 September 30, 2025 December 31, 2024 December 31, 2025 December 31, 2024 Net interest income before provision for credit losses (a) $ 657,824 $ 677,530 $ 587,626 $ 2,552,629 $ 2,278,716 FTE adjustment (b) 830 1,887 1,276 5,466 4,767 FTE net interest income before provision for credit losses (c)=(a)+(b) 658,654 679,417 588,902 2,558,095 2,283,483 Total noninterest income (d) 100,430 100,517 88,166 379,227 335,218 Total revenue (e)=(a)+(d) 758,254 778,047 675,792 2,931,856 2,613,934 Total revenue (FTE) (f)=(c)+(d) $ 759,084 $ 779,934 $ 677,068 $ 2,937,322 $ 2,618,701 Less: Loan payoff discount accretion and interest recoveries (g) - (32,296) - (32,296) - Less: DC Solar recoveries1 (g) (3,337) - - (3,337) - Adjusted total revenue (h)=(e)+∑(g) 754,917 745,751 675,792 2,896,223 2,613,934 Adjusted total revenue (FTE) (i)=(f)+∑(g) $ 755,747 $ 747,638 $ 677,068 $ 2,901,689 $ 2,618,701 Total noninterest expense (j) $ 261,305 $ 276,923 $ 249,968 $ 1,046,396 $ 958,073 Less: Change in equity award expense recognition for retirement eligible employees (k) (4,328) (27,141) - (31,469) - Add/less: FDIC special assessment reversal (charge) (k) 6,874 1,927 3,385 8,801 (8,800) Add: DC Solar recoveries2 (k) 1,660 50 343 1,710 14,690 Adjusted noninterest expense (l)=(j)+∑(k) $ 265,511 $ 251,759 $ 253,696 $ 1,025,438 $ 963,963 Efficiency ratio (j)/(e) 34.46% 35.59% 36.99% 35.69% 36.65% Adjusted efficiency ratio (l)/(h) 35.17% 33.76% 37.54% 35.41% 36.88% Efficiency ratio (FTE) (j)/(f) 34.42% 35.51% 36.92% 35.62% 36.59% Adjusted efficiency ratio (FTE) (l)/(i) 35.13% 33.67% 37.47% 35.34% 36.81% Pre-tax, pre-provision income (f)-(j) $ 497,779 $ 503,011 $ 427,100 $ 1,890,926 $ 1,660,628 Adjusted pre-tax, pre-provision income (i)-(l) $ 490,236 $ 495,879 $ 423,372 $ 1,876,251 $ 1,654,738 (1) Included in Other investment income for the three and twelve months ended December 31, 2025. (2) Amounts were included in Amortization of tax credit and CRA investments, except for $700 thousand which was included in Other operating expense for the three and twelve months ended December 31, 2025.

 
Appendix: GAAP to Non-GAAP Reconciliation 28 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, 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. December 31, 2025 September 30, 2025 December 31, 2024 Common stock $ 170 $ 170 $ 170 Additional paid-in capital 2,111,316 2,096,227 2,030,712 Retained earnings 8,301,522 8,028,882 7,311,542 Treasury stock (1,168,196) (1,166,922) (1,034,110) Accumulated other comprehensive income: AFS debt securities net unrealized losses (353,233) (383,621) (542,152) Cash flow hedges net unrealized gains (losses) 28,209 30,425 (20,787) Foreign currency translation adjustments (20,586) (22,361) (22,321) Total accumulated other comprehensive loss (345,610) (375,557) (585,260) Stockholders' equity (a) $ 8,899,202 $ 8,582,800 $ 7,723,054 Less: Goodwill (465,697) (465,697) (465,697) Mortgage servicing assets (4,119) (4,362) (5,234) Tangible book value (b) $ 8,429,386 $ 8,112,741 $ 7,252,123 Number of common shares at period-end (c) 137,579 137,568 138,437 Book value per share (a)/(c) $ 64.68 $ 62.39 $ 55.79 Tangible book value per share (b)/(c) $ 61.27 $ 58.97 $ 52.39 Total assets (d) $ 80,434,997 $ 79,669,531 $ 75,976,475 Less: Goodwill (465,697) (465,697) (465,697) Mortgage servicing assets (4,119) (4,362) (5,234) Tangible assets (e) $ 79,965,181 $ 79,199,472 $ 75,505,544 Total stockholders' equity to assets ratio (a)/(d) 11.06% 10.77% 10.17% TCE ratio (b)/(e) 10.54% 10.24% 9.60%

 
Appendix: GAAP to Non-GAAP Reconciliation 29 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 following tax-effected impacts: discount accretion and interest recoveries from the full payment on purchased credit impaired and workout loans, change in equity award expense recognition for retirement eligible employees, FDIC special assessment and DC Solar adjustments, 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 Year Ended December 31, 2025 September 30, 2025 December 31, 2024 December 31, 2025 December 31, 2024 Net income (a) $ 356,271 $ 368,394 $ 293,115 $ 1,325,188 $ 1,165,586 Add: Amortization of mortgage servicing assets 249 266 334 1,124 1,322 Tax effect of amortization adjustment1 (70) (75) (99) (315) (393) Tangible net income (b) $ 356,450 $ 368,585 $ 293,350 $ 1,325,997 $ 1,166,515 Less: Loan payoff discount accretion and interest recoveries - (32,296) - (32,296) - Add: Change in equity award expense recognition for retirement eligible employees 4,328 27,141 - 31,469 - Less/Add: FDIC special assessment (reversal) charge (6,874) (1,927) (3,385) (8,801) 8,800 Less: DC Solar recoveries (4,997) (50) (343) (5,047) (14,690) Tax effects of adjustments1 2,114 2,010 1,109 4,112 1,751 Add: Impact of the CA SSF - - - 6,391 - Adjusted tangible net income (c) $ 351,021 $ 363,463 $ 290,731 $ 1,321,825 $ 1,162,376 Average stockholders' equity (d) $ 8,774,315 $ 8,381,214 $ 7,731,324 $ 8,276,408 $ 7,315,174 Less: Average goodwill (465,697) (465,697) (465,697) (465,697) (465,697) Average mortgage servicing assets (4,270) (4,534) (5,445) (4,684) (5,953) Average tangible book value (e) $ 8,304,348 $ 7,910,983 $ 7,260,182 $ 7,806,027 $ 6,843,524 Return on average common equity2 (a)/(d) 16.11% 17.44% 15.08% 16.01% 15.93% Return on average TCE2 (b)/(e) 17.03% 18.48% 16.07% 16.99% 17.05% Adjusted return on average TCE2 (c)/(e) 16.77% 18.23% 15.93% 16.93% 16.99% (1) Applied statutory tax rate of 28.02% for the three and twelve months ended December 31, 2025. Applied statutory tax rate of 28.18% for the three months ended September 30, 2025. Applied statutory tax rate of 29.73% for the three and twelve months ended December 31, 2024. (2) Annualized.