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
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Noninterest Income
The following table presents the components of noninterest income for the third quarters and first nine months of 2025 and 2024:
| Three Months Ended September 30, · Nine Months Ended September 30, | |||||||
|---|---|---|---|---|---|---|---|
| ($ in thousands) · 2025 · 2024 · % Change · 2025 · 2024 · % Change | |||||||
| Commercial and consumer deposit-related fees | $28,409 | $26,815 | 6% | $82,349 | $77,412 | 6% | |
| Lending and loan servicing fees | 27,605 | 26,453 | 4% | 79,421 | 73,718 | 8% | |
| Foreign exchange income | 14,491 | 13,569 | 7% | 44,043 | 37,962 | 16% | |
| Wealth management fees | 14,562 | 10,683 | 36% | 38,966 | 28,798 | 35% | |
| Customer derivative income (loss), net of mark-to-market adjustments: | |||||||
| Customer derivative income | 6,442 | 3,774 | 71% | 15,626 | 11,141 | 40% | |
| Derivative mark-to-market and credit valuation adjustments | (318) | (4,480) | 93% | (3,232) | (2,333) | 39% | |
| Total customer derivative income (loss), net of mark-to-market adjustments | 6,124 | (706) | NM | 12,394 | 8,808 | 41% | |
| Net gains on AFS debt securities | 57 | 145 | (61)% | 934 | 1,979 | (53)% | |
| Other investment income | 705 | 2,800 | (75)% | 3,645 | 6,201 | (41)% | |
| Other income | 8,564 | 4,636 | 85% | 17,045 | 12,175 | 40% | |
| Total noninterest income | $100,517 | $84,395 | 19% | $278,797 | $247,053 | 13% | |
| Noninterest income as a percent of total revenue | 13% | 14% | 13% | 13% | |||
Noninterest income for the third quarter of 2025 was $101 million, a $16 million or 19% increase, compared with the same prior year period. The year-over-year increase was primarily due to increases in customer derivative income net of mark-to-market adjustments, other income and wealth management fees. Noninterest income for the first nine months of 2025 was $279 million, an increase of $32 million or 13%, compared with the first nine months of 2024. The year-over-year increase was primarily due to higher wealth management fees, foreign exchange income, lending and loan servicing fees, commercial and consumer deposit-related fees, and other income.
Commercial and consumer deposit-related fees were $28 million for the third quarter of 2025, an increase of $2 million or 6%, compared with the third quarter of 2024. For the first nine months of 2025, commercial and consumer deposit-related fees were $82 million, an increase of $5 million or 6%, compared with the first nine months 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 $28 million for the third quarter of 2025, an increase of $1 million or 4%, compared with the third quarter of 2024. For the first nine months of 2025, lending and loan servicing fees were $79 million, an increase of $6 million or 8%, compared with the first nine months of 2024. The year-over-year increases were primarily due to higher trade finance and credit enhancement fees driven by increased customer activity.
Foreign exchange income was $14 million for the third quarter of 2025, an increase of approximately $1 million or 7%, compared with the third quarter of 2024. For the first nine months of 2025, foreign exchange income was $44 million, an increase of $6 million or 16%, compared with the first nine months of 2024. The year-over-year increase for the first nine months of 2025 primarily reflected higher fees and gains on customer trades, partially offset by the unfavorable valuation of certain foreign currency denominated balance sheet items.
Wealth management fees were $15 million for the third quarter of 2025, an increase of $4 million or 36%, compared with the third quarter of 2024. For the first nine months of 2025, wealth management fees were $39 million, an increase of $10 million or 35%, compared with the first nine months of 2024. The year-over-year increases primarily reflected higher customer demand for wealth management products such as fixed-rate corporate bonds and fixed annuities.
Customer derivative income (loss), net of mark-to-market adjustments, was $6 million for the third quarter of 2025, an increase of $7 million compared with the third quarter of 2024. For the first nine months of 2025, customer derivative income, net of mark-to-market adjustments was $12 million, an increase of $4 million or 41%, compared with the first nine months of 2024. The year-over-year increases primarily reflected increased customer activity and favorable credit valuation adjustments.
Other income was $9 million for the third quarter of 2025, an increase of $4 million or 85%, compared with the third quarter of 2024. For the first nine months of 2025, other income was $17 million, an increase of $5 million or 40%, compared with the first nine months of 2024. These increases primarily reflected realized proceeds and higher returns from bank-owned life insurance.
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