EAST WEST BANCORP INC
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
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 8. Consolidated Statement of Cash Flows
CONSOLIDATED STATEMENT OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $1,165,586 | $1,161,161 | $1,128,083 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 174,000 | 125,000 | 73,500 |
| Depreciation and amortization | 198,447 | 163,460 | 159,851 |
| Amortization of premiums (accretion of discount), net | 13,891 | 10,723 | 56,703 |
| Stock compensation costs | 45,535 | 39,867 | 37,601 |
| Deferred income tax benefit | (14,283) | (49,139) | (43,988) |
| Net gains on sales of loans | (44) | (3,634) | (6,411) |
| Net (gains) losses on AFS debt securities | (2,069) | 6,862 | (1,306) |
| Impairment on other real estate owned (“OREO”) and other foreclosed assets | 7,735 | — | 6,861 |
| Net gains on sales of OREO and other foreclosed assets | (460) | (3,451) | (3,042) |
| Loans held-for-sale: | |||
| Originations | (2,881) | (116) | (447) |
| Proceeds from sales and paydowns/payoffs of loans originally classified as held-for-sale | 3,020 | — | 461 |
| Distributions received from equity method investees | 5,645 | 11,282 | 7,586 |
| Net change in accrued interest receivable and other assets | 63,743 | (146,270) | 187,512 |
| Net change in accrued expenses and other liabilities | (242,443) | 105,304 | 461,385 |
| Other operating activities, net | (3,755) | 3,860 | 1,673 |
| Total adjustments | 246,081 | 263,748 | 937,939 |
| Net cash provided by operating activities | 1,411,667 | 1,424,909 | 2,066,022 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Net (increase) decrease in: | |||
| Affordable housing partnership, tax credit and CRA investments | (378,305) | (228,550) | (167,303) |
| Interest-bearing deposits with banks | (38,352) | 128,523 | 596,994 |
| Assets purchased under resale agreements: | |||
| Proceeds from paydowns and maturities | 360,000 | 219,917 | 1,951,388 |
| Purchases | — | (212,725) | (390,077) |
| AFS debt securities: | |||
| Proceeds from sales | 1,428,829 | 3,138 | 129,181 |
| Proceeds from repayments, maturities and redemptions | 1,547,058 | 1,470,819 | 896,726 |
| Purchases | (7,599,454) | (1,549,846) | (1,070,608) |
| HTM debt securities: | |||
| Proceeds from repayments, maturities and redemptions | 54,249 | 61,744 | 75,635 |
| Purchases | — | — | (50,000) |
| Loans held-for-investment: | |||
| Proceeds from sales of loans originally classified as held-for-investment | 715,088 | 711,862 | 602,725 |
| Purchases | (1,000,637) | (600,930) | (657,620) |
| Other changes in loans held-for-investment, net | (1,341,549) | (4,166,572) | (6,516,182) |
| Proceeds from sales of OREO and other foreclosed assets | 33,055 | 3,721 | 6,482 |
| Distributions received from equity method investees | 23,598 | 23,774 | 18,221 |
| Purchases of FHLB stock, net | (84,079) | — | — |
| Other investing activities, net | (14,704) | (112,036) | (8,454) |
| Net cash used in investing activities | (6,295,203) | (4,247,161) | (4,582,892) |
CONSOLIDATED STATEMENT OF CASH FLOWS
(Continued)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Net change in deposits | 7,108,377 | 144,468 | 2,709,427 |
| Net change in short-term borrowings | (4,500,000) | 4,500,000 | 6 |
| FHLB advances: | |||
| Proceeds | 4,000,400 | 6,000,000 | 4,950,200 |
| Repayments | (500,400) | (6,000,000) | (5,200,200) |
| Repurchase agreements: | |||
| Repayment | — | (300,000) | — |
| Extinguishment cost | — | (3,872) | — |
| Long-term debt and lease liabilities: | |||
| Repayment of junior subordinated debt and lease liabilities | (117,437) | (871) | (943) |
| Common stock: | |||
| Proceeds from issuance pursuant to various stock compensation plans and agreements | 3,023 | 3,208 | 3,178 |
| Stock tendered for payment of withholding taxes | (14,877) | (23,751) | (19,087) |
| Repurchase of common stock pursuant to the stock repurchase program | (143,082) | (82,174) | (99,990) |
| Cash dividends paid | (308,478) | (274,554) | (228,381) |
| Net cash provided by financing activities | 5,527,526 | 3,962,454 | 2,114,210 |
| Effect of exchange rate changes on cash and cash equivalents | (8,232) | (7,002) | (28,491) |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 635,758 | 1,133,200 | (431,151) |
| CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 4,614,984 | 3,481,784 | 3,912,935 |
| CASH AND CASH EQUIVALENTS, END OF YEAR | $5,250,742 | $4,614,984 | $3,481,784 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | |||
| Cash paid during the year for: | |||
| Interest | $2,057,967 | $1,213,319 | $249,587 |
| Income taxes, net | $246,945 | $291,685 | $281,269 |
| Noncash investing and financing activities: | |||
| Loans transferred from held-for-investment to held-for-sale | $659,322 | $739,379 | $623,777 |
| Securities transferred from AFS to HTM debt securities | $— | $— | $3,010,003 |
| Loans transferred to OREO or other foreclosed assets | $67,379 | $11,141 | $270 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.