EAST WEST BANCORP INC
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
EWBC$130.74-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Consolidated Financial Statements
CONSOLIDATED BALANCE SHEETS
($ in thousands, except shares)
| March 31,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $382,484 | $444,793 |
| Interest-bearing cash with banks | 3,828,317 | 4,170,191 |
| Cash and cash equivalents | 4,210,801 | 4,614,984 |
| Interest-bearing deposits with banks | 24,593 | 10,498 |
| Securities purchased under resale agreements (“resale agreements”) | 485,000 | 785,000 |
| Securities: | ||
| Available-for-sale (“AFS”) debt securities, at fair value (amortized cost of $9,131,953 and $6,916,491) | 8,400,468 | 6,188,337 |
| Held-to-maturity (“HTM”) debt securities, at amortized cost (fair value of $2,414,478 and $2,453,971) | 2,948,642 | 2,956,040 |
| Loans held-for-sale | 13,280 | 116 |
| Loans held-for-investment (net of allowance for loan losses of $670,280 and $668,743) | 51,322,224 | 51,542,039 |
| Affordable housing partnership, tax credit and Community Reinvestment Act (“CRA”) investments, net | 933,187 | 905,036 |
| Premises and equipment (net of accumulated depreciation of $159,760 and $157,622) | 83,989 | 86,370 |
| Goodwill | 465,697 | 465,697 |
| Operating lease right-of-use assets | 87,535 | 94,024 |
| Other assets | 1,900,254 | 1,964,743 |
| TOTAL | $70,875,670 | $69,612,884 |
| LIABILITIES | ||
| Deposits: | ||
| Noninterest-bearing | $14,798,927 | $15,539,872 |
| Interest-bearing | 43,761,697 | 40,552,566 |
| Total deposits | 58,560,624 | 56,092,438 |
| Short-term borrowings | 19,173 | — |
| Bank Term Funding Program (“BTFP”) borrowings | — | 4,500,000 |
| Federal Home Loan Bank (“FHLB”) advances | 3,500,000 | — |
| Long-term debt and finance lease liabilities | 36,428 | 153,011 |
| Operating lease liabilities | 95,643 | 102,353 |
| Accrued expenses and other liabilities | 1,640,570 | 1,814,248 |
| Total liabilities | 63,852,438 | 62,662,050 |
| COMMITMENTS AND CONTINGENCIES (Note 11) | ||
| STOCKHOLDERS’ EQUITY | ||
| Common stock, $0.001 par value, 200,000,000 shares authorized; 169,835,469 and 169,372,230 shares issued | 170 | 169 |
| Additional paid-in capital | 1,993,806 | 1,980,818 |
| Retained earnings | 6,662,919 | 6,465,230 |
| Treasury stock, at cost 30,714,307 and 29,344,863 shares | (970,930) | (874,787) |
| Accumulated other comprehensive loss (“AOCI”), net of tax | (662,733) | (620,596) |
| Total stockholders’ equity | 7,023,232 | 6,950,834 |
| TOTAL | $70,875,670 | $69,612,884 |
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