EAST WEST BANCORP INC
For the period ended Mar 31, 2025. Filed May 9, 2025.
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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, 2025 · Filed May 9, 2025
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12 — Stockholders’ Equity and Earnings Per Share
Note 12 —Stockholders’ Equity and Earnings Per Share
The following table presents the basic and diluted EPS calculations for the three months ended March 31, 2025 and 2024. For more information on the calculation of EPS, see Note 1 — Summary of Significant Accounting Policies — Significant Accounting Policies — Earnings Per Share to the Consolidated Financial Statements in the Company’s 2024 Form 10-K.
| Three Months Ended March 31, | ||
|---|---|---|
| ($ and shares in thousands, except per share data) | 2025 | 2024 |
| Basic: | ||
| Net income | $290,270 | $285,075 |
| Weighted-average number of shares outstanding | 138,201 | 139,409 |
| Basic EPS | $2.10 | $2.04 |
| Diluted: | ||
| Net income | $290,270 | $285,075 |
| Weighted-average number of shares outstanding | 138,201 | 139,409 |
| Add: Dilutive impact of unvested RSUs | 1,090 | 852 |
| Diluted weighted-average number of shares outstanding | 139,291 | 140,261 |
| Diluted EPS | $2.08 | $2.03 |
Approximately 91 thousand and 170 thousand weighted-average shares of anti-dilutive RSUs were excluded from the diluted EPS computations for the three months ended March 31, 2025 and 2024, respectively.
Stock Repurchase Program— On January 22, 2025, the Company’s Board of Directors authorized a stock repurchase of $300 million of the Company’s common stock. The Company repurchased $85 millionand $82 million of common stock for the three months ended March 31, 2025 and 2024, respectively.
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