EAST WEST BANCORP INC

The Company maintains a strong capital base to support its anticipated asset growth, operating needs, and credit risks, and to ensure that the Company and the Bank are in compliance with all regulatory capital guidelines. The Company engages in regular capital planning processes on at least an annual basis to optimize the use of available capital and to appropriately plan for future capital needs, allocating capital to existing and future business activities. Furthermore, the Company conducts capital stress tests as part of its capital planning process. The stress tests enable the Company to assess the impact of adverse changes in the economy and interest rates on its capital base.

The Company’s stockholders’ equity as of March 31, 2025 increased $206 million or 3% to $7.9 billion from December 31, 2024. The increase was primarily due to $290 million of net income and $90 million of other comprehensive income, partially offset by $85 million of common stock repurchases and $84 million of cash dividends declared. For other factors that contributed to the changes in stockholders’ equity, refer to Item 1. Consolidated Financial Statements — Consolidated Statement of Changes in Stockholders’ Equity in this Form 10-Q.

On March 3, 2020, the Company’s Board of Directors authorized the repurchase of $500 million of East West common stock. On January 22, 2025, the Company’s Board of Directors authorized the repurchase of up to an additional $300 million of East West common stock, which will remain valid until December 31, 2026. The Company repurchased $85 millionand $82 million of East West common stock in the first quarters of 2025 and 2024, respectively.

The Company paid a quarterly common stock cash dividend of $0.60 and $0.55 per share during the first quarters of 2025 and 2024, respectively. In April 2025, the Company’s Board of Directors declared a second quarter 2025 cash dividend of $0.60 per share. The dividend is payable on May 16, 2025, to stockholders of record as of May 2, 2025.