East West Bancorp, Inc. · NASDAQ:EWBC
East West Bancorp — Barclays conference 2025
30 slides from East West Bancorp's conference presentation, Sep 5, 2025
Slide 1: 3Q25 East West Bancorp, Inc. Investor Update
3Q 25 East West Bancorp, Inc. Investor Update September 2025
Slide 2: Forward-Looking Statements and Additional Information
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-looki
Slide 3: East West at a Glance
East West at a Glance 3 (1) See reconciliation of GAAP to non-GAAP financial measures in the appendix and in the Company’s earnings press releases $15B Market Cap $80B Assets $66B+ Deposits 17% Adj. ROTCE1 09.04.25 08.31.25 08.31.25 2Q25 ▪ Headquartered in Pasadena, California ▪ Over 25 years on Nas
Slide 4: 3Q25 Balance Sheet Update
3Q25 Balance Sheet Update 4 ($ in billions) Average Deposits Average Loans ($ in billions) $500mm of loan growth QTD, funded with core deposits Time MMDA IB Checking & Savings Noninterest-bearing Demand (DDA) C&I CRE (ex. Multifamily)Residential mortgage & other consumer Multifamily 14.6 15.0 15.1 1
Slide 5: Updated Management Outlook: Full Year 2025
Updated Management Outlook: Full Year 2025 5(1) Total noninterest expense excluding amortization of tax credit and CRA investments Earnings Drivers FY 2025 Expectations vs. FY 2024 Results Interest Rate Outlook ▪ Assumes August 31st forward curve End of Period Loans ▪ Growing in the range of 4% to 6
Slide 6: Appendix
Appendix > My) EAST WEST BANK
Slide 7: Financial Highlights 2Q25
Financial Highlights 7 2Q25 $310 million net income available to common equity, $2.24 diluted quarterly earnings per share ▪ Total average loans up 2% Q-o-Q − Strong growth in C&I and residential mortgage ▪ Total average deposits up 2% Q-o-Q − Strong growth from commercial and consumer customers − R
Slide 8: Deposits
14.7 14.6 15.0 15.1 15.1 9.3 9.5 9.7 9.5 9.4 13.7 14.2 14.3 14.8 15.3 21.0 22.3 22.9 23.2 23.9 $58.7 $60.6 $61.9 $62.6 $63.7 2Q24 3Q24 4Q24 1Q25 2Q25 Deposits 8 Sustained growth, with meaningful traction across products ($ in billions) Average Deposits End of Period Deposit Growth by Category (1Q25
Slide 9: Loans
($29) $166 $209 $362 Multifamily CRE (ex. Multifamily) Residential mortgage & other consumer C&I Loans 9 Prudent growth in our focus categories is bolstering diversification and supporting interest income ($ in billions) Average Loans End of Period Loan Growth by Category (1Q25 to 2Q25) ($ in millio
Slide 10: Net Interest Income & Net Interest Margin
$553 $573 $588 $600 $617 3.27% 3.24% 3.24% 3.35% 3.35% 2Q24 3Q24 4Q24 1Q25 2Q25 NII NIM Net Interest Income (NII) & Net Interest Margin (NIM) Net Interest Income & Net Interest Margin 10 Grew NII 3% Q-o-Q with continued disciplined reduction in deposit cost ($ in millions) Highlights End of Period I
Slide 11: Fee Income
4 4 4 5 4 10 11 10 14 11 13 13 16 16 14 24 26 25 26 25 26 27 26 27 27 $77 $81 $81 $88 $81 2Q24 3Q24 4Q24 1Q25 2Q25 Fee Income1 Fee Income 11 Sustained execution supporting continued strength ($ in millions) (1) Fee income excludes mark-to-market adjustments related to customer and other derivatives;
Slide 12: Operating Expense & Efficiency
15 17 16 16 16 23 21 17 19 19 48 46 58 55 50 133 136 140 146 145 $219 $220 $231 $236 $230 2Q24 3Q24 4Q24 1Q25 2Q25 Total Operating Noninterest Expense1 Operating Expense & Efficiency 12 Maintaining best-in-class efficiency ($ in millions) (1) Total noninterest expense excluding amortization of tax c
Slide 13: Asset Quality Metrics
1.22% 1.20% 1.35% 1.38% 1.34% 0.83% 0.88% 0.83% 0.91% 0.81% 2.05% 2.08% 2.18% 2.29% 2.15% 06.30.24 09.30.24 12.31.24 03.31.25 06.30.25 Classified loans / Loans HFI Special mention loans / Loans HFI $37 $42 $70 $49 $45 $23 $29 $64 $15 $15 $- $10 $20 $30 $40 $50 $60 $70 $80 2Q24 3Q24 4Q24 1Q25 2Q25 Pr
Slide 14: Allowance for Loan Losses
Allowance for Loan Losses 14 Bolstered reserves by $25 million quarter-over-quarter, reflecting changes in our economic outlook Highlights ▪ Bolstered ALLL in light of changes to the economic outlook ‒ Increased reserves by $25mm, driven primarily by changes in the impact of the economic forecast ‒
Slide 15: Capital
9.4% 9.7% 9.6% 9.9% 10.0% Tangible Common Equity Ratio 15.1% 15.4% 15.6% 15.6% 15.8% Total Capital Ratio 13.7% 14.1% 14.3% 14.3% 14.5% CET1 Ratio 10.4% 10.4% 10.4% 10.5% 10.6% Leverage Ratio 09.30.24 Capital 15 Operating from a position of strength Highlights 06.30.24 03.31.2512.31.24 ▪ Declared 3Q2
Slide 16: Diversified Loan Portfolio
1% 2% 2% 4% 4% 8% 8% 9% Resi. Mortgage and other consumer $16.5 30% CRE $20.7 38% C&I $17.8 32% (as % of Total Loans, 06.30.25) Commercial Loans by Type Diversified Loan Portfolio 16 70% of loans support commercial customers, with broad diversification across industry and asset types (1) Industries
Slide 17: Commercial Real Estate Portfolio Detail
<=50% 49% >50% to 55% 16% >55% to 60% 14% >60% to 65% 13% >65% to 70% 5% >70% 3% Commercial Real Estate Portfolio Detail 17 Our CRE portfolio is granular - many loans have full recourse and personal guarantees 49% Average LTV1 Distribution by Loan-to-Value (LTV)1 Size and LTV by Property Type (as of
Slide 18: CRE Office – Additional Information
38% 6% 12% 9% 7% 3% 4% 4% 2% 6% 6% CRE Office – Additional Information 18 Our office portfolio has low LTVs across segments and low average loan sizes CRE Office: Geographic Mix by Metro Area CRE Office by Size Segment (as of 06.30.25) (as of 06.30.25) Loan Size Balance ($ in mm) No. of Loans Avg. L
Slide 19: CRE Retail – Additional Information
29% 3% 19% 9% 2% 4% 6% 2% 3% 5% 3% 12% CRE Retail – Additional Information 19 Our retail portfolio has a weighted average LTV profile of 47% CRE Retail: Geographic Mix by Metro Area CRE Retail by Size Segment (as of 06.30.25) (as of 06.30.25) Loan Size Balance ($ in mm) No. of Loans Avg. Loan Size (
Slide 20: CRE Multifamily – Additional Information
Oklahoma 31% 3% 12% 8% 5% 6% 7% 3% 3% 3% 3% 4% 3% 6% CRE Multifamily – Additional Information 20 Our multifamily portfolio is amongst our most granular CRE Multifamily: Geographic Mix by Metro Area CRE Multifamily by Size Segment (as of 06.30.25) (as of 06.30.25) Loan Size Balance ($ in mm) No. of L
Slide 21: Residential Mortgage Portfolio
Southern California 42% Northern California 16% New York 24% Washington 6% Texas 3% Other 9% <=50% 51% >50% to 55% 12% >55% to 60% 26% >60% 11% Residential Mortgage Portfolio 21 Our residential mortgage portfolio benefits from both low LTVs and smaller average loan size Resi. Mortgage Distribution b
Slide 22: Cash and Securities
$0.6 $0.1 $4.4 $10.3 51%‒100% RWA 21%‒50% RWA 1%‒20% RWA 0% RWA $11.9 $12.7 $14.2 $15.1 $15.8 $4.1 $5.0 $4.6 $4.1 $3.7 $16.0 $17.7 $18.8 $19.2 $19.5 3.93% 4.03% 3.98% 4.08% 4.02% 2Q24 3Q24 4Q24 1Q25 2Q25 Total Securities & Resale Agreements Cash & Equivalent Total Securities Average Yield Average To
Slide 23: Loan Yields
20% 22% 30% 28% Fixed rate Hybrid in fixed rate period Variable - SOFR Variable - Prime, all other rates Loan Yields 23 Loan Portfolio by Index Rate (as of 06.30.25) Average C&I Loan Rate Average Residential Mortgage Loan Rate Average CRE Loan Rate 91% variable rate1 8.01% 7.93% 7.42% 7.06% 7.02% 6.
Slide 24: Deposit and Funding Cost
4.56% 4.55% 4.31% 3.93% 3.79% Time 3.97% 3.82% 3.32% 3.17% 3.25% Money Market 2.84% 2.98% 2.82% 2.51% 2.48% Interest-bearing Checking 2.96% 2.98% 2.75% 2.54% 2.52% 3.94% 3.93% 3.63% 3.34% 3.31% 4.07% 4.05% 3.71% 3.43% 3.39% 2Q24 3Q24 4Q24 1Q25 2Q25 Average cost of deposits Average cost of interest-b
Slide 25: Appendix: GAAP to Non-GAAP Reconciliation
Appendix: GAAP to Non-GAAP Reconciliation 25 EAST WEST BANCORP, INC. AND SUBSIDIARIES GAAP TO NON-GAAP RECONCILIATION ($ in thousands) (unaudited) On June 30, 2025, the California single sales factor apportionment method (“CA SSF”) was approved for financial institutions in the 2025 tax year, which
Slide 26: Appendix: GAAP to Non-GAAP Reconciliation
Appendix: GAAP to Non-GAAP Reconciliation 26 EAST WEST BANCORP, INC. AND SUBSIDIARIES GAAP TO NON-GAAP RECONCILIATION ($ in thousands) (unaudited) Adjusted net income represents net income adjusted for the tax-effected FDIC special assessment and DC Solar adjustments and the impact of the CA SSF. Ma
Slide 27: Appendix: GAAP to Non-GAAP Reconciliation
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 cons
Slide 28: Appendix: GAAP to Non-GAAP Reconciliation
Appendix: GAAP to Non-GAAP Reconciliation 28 EAST WEST BANCORP, INC. AND SUBSIDIARIES GAAP TO NON-GAAP RECONCILIATION ($ in thousands) (unaudited) Adjusted net income represents net income adjusted for the tax-effected FDIC special assessment and DC Solar adjustments and the impact of the CA SSF. (R
Slide 29: Appendix: GAAP to Non-GAAP Reconciliation
Appendix: GAAP to Non-GAAP Reconciliation 29 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, tangib
Slide 30: Appendix: GAAP to Non-GAAP Reconciliation
Appendix: GAAP to Non-GAAP Reconciliation 30 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 am