East West Bancorp Reports Net Income for First Quarter of 2026 of $358 Million and Diluted Earnings Per Share of $2.57, Both Up 23% Year-Over-Year, Driven by Record Levels of Quarterly Fee Income, Loans and Deposits

PASADENA, Calif.--(BUSINESS WIRE)--East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, reported first quarter 2026 net income of $358 million, or $2.57 per diluted share. Total loans and deposits both reached new records as of March 31, 2026, at $58.1 billion and $68.9 billion, respectively. Return on average assets was 1.79%, return on average common equity was 16.0%, and book value per share grew 14% year-over-year. “East West reported record loans, deposits, and fee income in the first quarter, generating a 17% return on average tangible common equity1,” said Dominic Ng, Chairman and Chief Executive Officer. “Our balance sheet growth reflects the strength of our customer relationships and the success of the clients we serve. This performance was complemented by 12% year-over-year growth in fee income, driven by notable strength in wealth management and deposit account fees.” “Credit performance remained resilient, with net charge-offs and nonperforming asset levels stable, while we bolstered our allowance for loan losses to 1.44% of loans,” Ng continued. “We continued to operate from a position of capital strength, which enabled us to support our customers with confidence while also returning capital to our shareholders. Looking ahead, we are well positioned to deliver top-tier shareholder returns through industry-leading profitability, strong balance sheet growth, and prudent risk management,” concluded Ng. FINANCIAL HIGHLIGHTS Three Months Ended March 31, 2026 % Change ($ in millions, except per share data) March 31, 2026 Dec. 31, 2025 March 31, 2025 Qtr-o-Qtr Yr-o-Yr Total Revenue $ 774 $ 758 $ 692 2 % 12 % Pre-tax, Pre-provision Income2 493 497 440 (1 ) 12 Net Income 358 356 290 – 23 Diluted Earnings per Share $ 2.57 $ 2.55 $ 2.08 1 23 Book Value per Share $ 65.70 $ 64.68 $ 57.54 2 14 Tangible Book Value per Share1 $ 62.27 $ 61.27 $ 54.13 2 % 15 % Return on Average Assets 1.79 % 1.77 % 1.56 % 2 bps 23 bps Return on Average Common Equity 16.04 % 16.11 % 14.96 % -7 bps 108 bps Return on Average Tangible Common Equity1 16.92 % 17.03 % 15.92 % -11 bps 100 bps Total Stockholders’ Equity to Assets Ratio 10.86 % 11.06 % 10.41 % -20 bps 45 bps Tangible Common Equity Ratio1 10.35 % 10.54 % 9.85 % -19 bps 50 bps Total Assets $ 82,886 $ 80,435 $ 76,165 3 % 9 % 1 Return on average tangible common equity, tangible book value per share, and tangible common equity ratio are non-GAAP financial measures. See reconciliation of GAAP to non-GAAP measures in Table 12 of East West’s detailed 1Q26 earnings release and financial tables, available at www.eastwestbank.com/investors. 2 Pre-tax, pre-provision income is a non-GAAP financial measure. See reconciliation of GAAP to non-GAAP financial measures in Table 11 of East West’s detailed 1Q26 earnings release and financial tables, available at www.eastwestbank.com/investors. Earnings Press Release and Financial Tables East West’s first quarter 2026 earnings press release with accompanying financial tables can be accessed at www.eastwestbank.com/investors. Conference Call East West will host a conference call to discuss first quarter 2026 earnings with the public on Tuesday, April 21, 2026, at 2:00 p.m. PT/5:00 p.m. ET. The public and investment community are invited to listen as management discusses first quarter 2026 results and operating developments. The following dial-in information is provided for participation in the conference call: calls within the U.S. - (877) 506-6399; calls within Canada – (855) 669-9657; international calls – (412) 902-6699. A presentation to accompany the earnings call, a listen-only live broadcast of the call, and information to access a replay one hour after the call will all be available on the Investor Relations page of the Company’s website at www.eastwestbank.com/investors. About East West East West provides financial services that help customers reach further and connect to new opportunities. East West Bancorp, Inc. is a public company (Nasdaq: “EWBC”) with total assets of $82.9 billion as of March 31, 2026. The Company’s wholly-owned subsidiary, East West Bank, is the largest independent bank headquartered in Southern California, and operates over 110 locations in the United States and Asia. The Bank’s markets in the United States include California, Georgia, Illinois, Massachusetts, Nevada, New York, Texas, and Washington. For more information on East West, visit www.eastwestbank.com. Forward-Looking StatementsRead the full story here

East West Bancorp Reports Net Income for First Quarter of 2026 of $358 Million and Diluted Earnings Per Share of $2.57, Both Up 23% Year-Over-Year, Driven by Record Levels of Quarterly Fee Income, Loans and Deposits

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