EAST WEST BANCORP INC
For the period ended Sep 30, 2024. Filed Nov 8, 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.
Sep 30, 2024 · Filed Nov 8, 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)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $362,167 | $444,793 |
| Interest-bearing cash with banks | 4,497,906 | 4,170,191 |
| Cash and cash equivalents | 4,860,073 | 4,614,984 |
| Interest-bearing deposits with banks | 116,101 | 10,498 |
| Securities purchased under resale agreements (“resale agreements”) | 425,000 | 785,000 |
| Debt securities: | ||
| Available-for-sale (“AFS”), at fair value (amortized cost of $10,667,293 and $6,916,491) | 10,133,877 | 6,188,337 |
| Held-to-maturity (“HTM”), at amortized cost (fair value of $2,510,352 and $2,453,971) | 2,928,399 | 2,956,040 |
| Loans held-for-sale | — | 116 |
| Loans held-for-investment (net of allowance for loan losses of $696,485 and $668,743) | 52,556,696 | 51,542,039 |
| Affordable housing partnership, tax credit and Community Reinvestment Act (“CRA”) investments, net | 924,439 | 905,036 |
| Premises and equipment (net of accumulated depreciation of $164,032 and $157,622) | 80,698 | 86,370 |
| Operating lease right-of-use assets | 82,775 | 94,024 |
| Goodwill | 465,697 | 465,697 |
| Other assets | 1,909,965 | 1,964,743 |
| TOTAL | $74,483,720 | $69,612,884 |
| LIABILITIES | ||
| Deposits: | ||
| Noninterest-bearing | $14,690,864 | $15,539,872 |
| Interest-bearing | 47,009,251 | 40,552,566 |
| Total deposits | 61,700,115 | 56,092,438 |
| 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 | 36,055 | 153,011 |
| Operating lease liabilities | 90,369 | 102,353 |
| Accrued expenses and other liabilities | 1,492,642 | 1,814,248 |
| Total liabilities | 66,819,181 | 62,662,050 |
| COMMITMENTS AND CONTINGENCIES (Note 11) | ||
| STOCKHOLDERS’ EQUITY | ||
| Common stock, $0.001 par value, 200,000,000 shares authorized; 169,888,355 and 169,372,230 shares issued | 170 | 169 |
| Additional paid-in capital | 2,018,105 | 1,980,818 |
| Retained earnings | 7,095,587 | 6,465,230 |
| Treasury stock, at cost 31,279,102 and 29,344,863 shares | (1,012,019) | (874,787) |
| Accumulated other comprehensive loss (“AOCI”), net of tax | (437,304) | (620,596) |
| Total stockholders’ equity | 7,664,539 | 6,950,834 |
| TOTAL | $74,483,720 | $69,612,884 |
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