EAST WEST BANCORP INC

For the period ended Sep 30, 2025. Filed Nov 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.

Sep 30, 2025 · Filed Nov 7, 2025

EWBC$130.74-0.2%Stored close · as of Nov 10, 2026

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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 and nine months ended September 30, 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 September 30,		Nine Months Ended September 30,
($ and shares in thousands, except per share data)	2025	2024	2025	2024
Basic:
Net income	$368,394	$299,166	$968,917	$872,471
Weighted-average number of shares outstanding	137,676	138,606	137,897	138,997
Basic EPS	$2.68	$2.16	$7.03	$6.28
Diluted:
Net income	$368,394	$299,166	$968,917	$872,471
Weighted-average number of shares outstanding	137,676	138,606	137,897	138,997
Add: Dilutive impact of unvested RSUs	1,266	1,042	1,193	942
Diluted weighted-average number of shares outstanding	138,942	139,648	139,090	139,939
Diluted EPS	$2.65	$2.14	$6.97	$6.23

Approximatelytwo thousand andnine thousand weighted-average shares of anti-dilutive RSUs were excluded from the diluted EPS computations for the three and nine months ended September 30, 2025, respectively. In comparison, approximatelyone thousand andfive thousand weighted-average shares of anti-dilutive RSUs were excluded from the diluted EPS computations for the three and nine months ended September 30, 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 $26 million and $114 million of common stock for the three and nine months ended September 30, 2025, respectively. For the three months ended September 30, 2024, there wereno share repurchases. For the nine months ended September 30, 2024, the Company repurchased $123 million of common stock.

Note 13 —Accumulated Other Comprehensive Income (Loss)

The following tables present the changes in the components of AOCI balances for the three and nine months ended September 30, 2025 and 2024:

($ in thousands)	Debt Securities (1)	Cash Flow Hedges	Foreign Currency Translation Adjustments (2)	Total
Balance, July 1, 2024	$(591,286)	$(44,059)	$(18,828)	$(654,173)
Net unrealized gains (losses) arising during the period	132,130	66,105	(1,126)	197,109
Amounts reclassified from AOCI	2,663	17,097	—	19,760
Changes, net of tax	134,793	83,202	(1,126)	216,869
Balance, September 30, 2024	$(456,493)	$39,143	$(19,954)	$(437,304)
Balance, July 1, 2025	$(466,566)	$28,622	$(24,436)	$(462,380)
Net unrealized gains (losses) arising during the period	76,760	(2,355)	2,074	76,479
Amounts reclassified from AOCI	6,187	4,157	—	10,344
Changes, net of tax	82,947	1,802	2,074	86,823
Balance, September 30, 2025	$(383,619)	$30,424	$(22,362)	$(375,557)

($ in thousands)	Debt Securities (1)	Cash Flow Hedges	Foreign Currency Translation Adjustments (2)	Total
Balance, January 1, 2024	$(601,881)	$2,624	$(21,339)	$(620,596)
Net unrealized gains (losses) arising during the period	138,621	(15,235)	1,385	124,771
Amounts reclassified from AOCI	6,767	51,754	—	58,521
Changes, net of tax	145,388	36,519	1,385	183,292
Balance, September 30, 2024	$(456,493)	$39,143	$(19,954)	$(437,304)
Balance, January 1, 2025	$(542,152)	$(20,787)	$(22,321)	$(585,260)
Net unrealized gains (losses) arising during the period	149,063	38,015	(41)	187,037
Amounts reclassified from AOCI	9,470	13,196	—	22,666
Changes, net of tax	158,533	51,211	(41)	209,703
Balance, September 30, 2025	$(383,619)	$30,424	$(22,362)	$(375,557)

(1)Includes after-tax unamortized losses related to AFS debt securities that were transferred to HTM in 2022.

(2)Represents foreign currency translation adjustments related to the Company’s net investment in non-U.S. operations, including related hedges. The functional currency and reporting currency of the Company’s foreign subsidiary was RMB and USD, respectively.

The following tables present the components of other comprehensive income (loss), reclassifications to net income and the related tax effects for the three and nine months ended September 30, 2025 and 2024:

	Three Months Ended September 30,
	2025			2024
($ in thousands)	Before-Tax	Tax Effect	Net-of-Tax	Before-Tax	Tax Effect	Net-of-Tax
Debt securities:
Net unrealized gains arising during the period	$98,241	$(21,481)	$76,760	$187,578	$(55,448)	$132,130
Reclassification adjustments:
Net realized losses (gains) on AFS debt securities reclassified into net income (1)	2,943	(858)	2,085	(145)	43	(102)
Amortization of unrealized losses on transferred securities (2)	3,785	317	4,102	3,926	(1,161)	2,765
Net change	104,969	(22,022)	82,947	191,359	(56,566)	134,793
Cash flow hedges:
Net unrealized (losses) gains arising during the period	(2,658)	303	(2,355)	93,842	(27,737)	66,105
Net realized losses reclassified into net income (3)	6,001	(1,844)	4,157	24,272	(7,175)	17,097
Net change	3,343	(1,541)	1,802	118,114	(34,912)	83,202
Foreign currency translation adjustments, net of hedges:
Net unrealized gains (losses) arising during the period	2,208	(134)	2,074	(1,126)	—	(1,126)
Net change	2,208	(134)	2,074	(1,126)	—	(1,126)
Other comprehensive income	$110,520	$(23,697)	$86,823	$308,347	$(91,478)	$216,869

	Nine Months Ended September 30,
	2025			2024
($ in thousands)	Before-Tax	Tax Effect	Net-of-Tax	Before-Tax	Tax Effect	Net-of-Tax
Debt securities:
Net unrealized gains arising during the period	$211,737	$(62,674)	$149,063	$196,717	$(58,096)	$138,621
Reclassification adjustments:
Net realized losses (gains) on AFS debt securities reclassified into net income (1)	2,066	(611)	1,455	(1,979)	585	(1,394)
Amortization of unrealized losses on transferred securities (2)	11,379	(3,364)	8,015	11,587	(3,426)	8,161
Net change	225,182	(66,649)	158,533	206,325	(60,937)	145,388
Cash flow hedges:
Net unrealized gains (losses) arising during the period	53,536	(15,521)	38,015	(21,629)	6,394	(15,235)
Net realized losses reclassified into net income (3)	18,584	(5,388)	13,196	73,471	(21,717)	51,754
Net change	72,120	(20,909)	51,211	51,842	(15,323)	36,519
Foreign currency translation adjustments, net of hedges:
Net unrealized (losses) gains arising during the period	(134)	93	(41)	1,558	(173)	1,385
Net change	(134)	93	(41)	1,558	(173)	1,385
Other comprehensive income	$297,168	$(87,465)	$209,703	$259,725	$(76,433)	$183,292

(1)Pre-tax amounts were reported in Net gains on AFS debt securities and Provision for Credit Losseson the Consolidated Statement of Income. Refer to Note 4 —Securities —Realized Gains and Credit Lossesfor further details.

(2)Represents unrealized losses amortized over the remaining lives of securities that were transferred from the AFS to HTM portfolio in 2022.

(3)Pre-tax amounts related to cash flow hedges on variable rate loans were reported in Interest and dividend income on the Consolidated Statement of Income.

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