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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8 — Goodwill
Note 8 —Goodwill
Total goodwill was $466 million as of both December 31, 2024 and 2023. The Company’s goodwill impairment test is performed annually, as of December 31, or more frequently as events occur or circumstances change that would more-likely-than-not reduce the fair value of a reporting unit below its carrying value. The Company completed its annual goodwill impairment test as of December 31, 2024 by using a qualitative assessment, and concluded goodwill wasnot impaired. Additional information pertaining to the Company’s accounting policy for goodwill is summarized in Note 1— Summary of Significant Accounting Policies— Significant Accounting Policies— Goodwillto the Consolidated Financial Statements in this Form 10-K.
The Company has an equity method investment in Rayliant and its carrying value was $108 million as of December 31, 2024, of which $101 million was comprised of equity method goodwill.
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