EAST WEST BANCORP INC
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
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19 — Subsequent Events
Note 19 —Subsequent Events
Declaration of Dividend and Repurchase Authorization —On January 23, 2025, the Company’s Board of Directors declared first quarter 2025 cash dividends for the Company’s common stock. The common stock cash dividend of $0.60 per share was paid on February 17, 2025 to stockholders of record as of February 3, 2025. In addition, on January 22, 2025, East West’s Board of Directors authorized the repurchase of up to an additional $300 million of East West stock.
Southern California Wildfires —In January 2025, several wildfires affected Los Angeles and its surrounding areas. Based on the Company’s assessment of available information regarding its loan portfolio and related collateral within the affected areas, the Company has determined that the impact to its consolidated financial statements is immaterial through the date of filing of this Form 10-K.
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