EAST WEST BANCORP INC
For the period ended Jun 30, 2025. Filed Aug 7, 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.
Jun 30, 2025 · Filed Aug 7, 2025
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Noninterest Income
The following table presents the components of noninterest income for the second quarters and first halves of 2025 and 2024:
| Three Months Ended June 30, · Six Months Ended June 30, | |||||||
|---|---|---|---|---|---|---|---|
| ($ in thousands) · 2025 · 2024 · % Change · 2025 · 2024 · % Change | |||||||
| Commercial and consumer deposit-related fees | $26,865 | $25,649 | 5% | $53,940 | $50,597 | 7% | |
| Lending and loan servicing fees | 25,586 | 24,340 | 5% | 51,816 | 47,265 | 10% | |
| Foreign exchange income | 13,715 | 12,924 | 6% | 29,552 | 24,393 | 21% | |
| Wealth management fees | 10,725 | 9,478 | 13% | 24,404 | 18,115 | 35% | |
| Customer derivative income: | |||||||
| Derivative income | 3,645 | 4,230 | (14)% | 9,184 | 7,367 | 25% | |
| Derivative mark-to-market and credit valuation adjustments | (1,444) | 1,534 | NM | (2,914) | 2,147 | NM | |
| Total customer derivative income | 2,201 | 5,764 | (62)% | 6,270 | 9,514 | (34)% | |
| Net gains on AFS debt securities | 746 | 1,785 | (58)% | 877 | 1,834 | (52)% | |
| Other investment income | 678 | 586 | 16% | 2,940 | 3,401 | (14)% | |
| Other income | 5,662 | 3,645 | 55% | 8,481 | 7,539 | 12% | |
| Total noninterest income | $86,178 | $84,171 | 2% | $178,280 | $162,658 | 10% | |
| Noninterest income as a percent of total revenue | 12% | 13% | 13% | 13% | |||
Noninterest income for the second quarter of 2025 was $86 million, an increase of $2 million or 2%, compared with the same prior year period. The year-over-year increase was primarily due to increases in other income, wealth management, lending and loan servicing, and commercial and consumer deposit-related fees, partially offset by lower customer derivative income. Noninterest income for the first half of 2025 was $178 million, an increase of $16 million or 10%, compared with the first half of 2024. The year-over-year increase was primarily due to higher wealth management fees, foreign exchange income, lending and loan servicing fees, and commercial and consumer deposit-related fees, partially offset by lower customer derivative income.
Commercial and consumer deposit-related fees were $27 million for the second quarter of 2025, an increase of $1 million or 5%, compared with the second quarter of 2024. For the first half of 2025, commercial and consumer deposit-related fees were $54 million, an increase of $3 million or 7%, compared with the first half of 2024. The year-over-year increases were primarily due to an increase in analysis service fees due to higher commercial customer activity.
Lending and loan servicing fees were $26 million for the second quarter of 2025, an increase of $1 million or 5%, compared with the second quarter of 2024. For the first half of 2025, lending and loan servicing fees were $52 million, an increase of $5 million or 10%, compared with the first half of 2024. The year-over-year increases were primarily due to higher credit enhancement and trade finance fees driven by increased customer activity.
Foreign exchange income was $14 million for the second quarter of 2025, an increase of approximately $1 million or 6%, compared with the second quarter of 2024. For the first half of 2025, foreign exchange income was $30 million, an increase of $5 million or 21%, compared with the first half of 2024. The year-over-year increases primarily reflected the favorable valuation of certain foreign currency denominated balance sheet items.
Wealth management fees were $11 million for the second quarter of 2025, an increase of $1 million or 13%, compared with the second quarter of 2024. For the first half of 2025, wealth management fees were $24 million, an increase of $6 million or 35%, compared with the first half of 2024. The year-over-year increases primarily reflected higher customer demand for wealth management products such as fixed-rate bonds and fixed income annuities.
Customer derivative income was $2 million for the second quarter of 2025, a decrease of $4 million or 62%, compared with the second quarter of 2024. For the first half of 2025, customer derivative income was $6 million, a decrease of $3 million or 34%, compared with the first half of 2024. The year-over-year decreases primarily reflected unfavorable credit valuation adjustments.
Other income was $6 million for the second quarter of 2025, an increase of $2 million or 55%, compared with the second quarter of 2024. This increase primarily reflected higher returns from bank-owned life insurance. For the first half of 2025, other income was $8 million, an increase of approximately $1 million or 12%, compared with the first half of 2024. This increase primarily reflected an increase in advisory fees from the Company’s broker-dealer subsidiary and greater returns from bank-owned life insurance.
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