EWBC · East West Bancorp, Inc.

East West Bancorp delivered strong Q1 2026 results with net income of $358 million and EPS of $2.57, reflecting 23% year-over-year growth fueled by record levels of loans, deposits, and fee income. Total revenue rose 12% YoY to $774 million, driven by net interest income expansion to $671 million (NIM up 14 bps to 3.49%) and record noninterest income of $103 million, with fee income hitting $99 million (+12% YoY) from robust wealth management, deposit-related fees, customer derivatives, and foreign exchange amid higher customer activity. Balance sheet growth was deposit-led, with end-of-period deposits reaching a record $68.9 billion (+9% YoY, +3% QoQ), including 25% noninterest-bearing, supporting margin improvement as deposit costs fell 21 bps QoQ to 2.84%. Loans also set a record at $58.1 billion (+7% YoY), led by commercial & industrial growth including capital call lines. CEO Dominic Ng highlighted resilient credit performance with stable net charge-offs at $12 million (0.09% annualized) and nonperforming assets at 0.26% of assets, while provision rose to $36 million and allowance for loan losses strengthened to 1.44% of loans. Operating efficiency held strong at 36.2%, with operating noninterest expense up 9% YoY due to seasonal compensation. Capital position remains robust, with CET1 at 15.13%, book value per share up 14% YoY to $65.70, and actions including $98 million in share repurchases (938,000 shares) and a $0.80 Q2 dividend. Management's FY2026 outlook projects 5-7% loan growth, 6-8% NII growth, 7-9% expense growth, NCOs of 15-25 bps, and ETR of 22-23%, positioning for continued top-tier returns amid no-rate-cut assumptions.