EAST WEST BANCORP INC
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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— Parent Company Condensed Financial Statements
Note 18 —Parent Company Condensed Financial Statements
The following tables present the Parent Company-only condensed financial statements:
CONDENSED BALANCE SHEET
| December 31, | ||
|---|---|---|
| ($ in thousands) | 2025 | 2024 |
| ASSETS | ||
| Cash and cash equivalents | $664,002 | $394,919 |
| Investments in subsidiaries: | ||
| Bank | 8,151,065 | 7,251,084 |
| Nonbank | 11,003 | 10,423 |
| Other assets | 130,535 | 125,552 |
| TOTAL | $8,956,605 | $7,781,978 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Long-term debt | $32,320 | $32,001 |
| Other liabilities | 25,083 | 26,923 |
| Stockholders’ equity | 8,899,202 | 7,723,054 |
| TOTAL | $8,956,605 | $7,781,978 |
CONDENSED STATEMENT OF INCOME
| Year Ended December 31, | |||
|---|---|---|---|
| ($ in thousands) | 2025 | 2024 | 2023 |
| Dividends from subsidiaries: | |||
| Bank | $750,000 | $540,000 | $704,000 |
| Nonbank | 66 | 127 | 322 |
| Other investment income (losses) (1) | 2,115 | (954) | (2,738) |
| Other income | 714 | 31 | — |
| Total income | 752,895 | 539,204 | 701,584 |
| Interest expense on long-term debt | 2,527 | 4,507 | 10,889 |
| Compensation and employee benefits | 11,132 | 7,283 | 7,204 |
| Other expense (income) (2) | 1,850 | 1,839 | (1,086) |
| Total expense | 15,509 | 13,629 | 17,007 |
| Income before income tax benefit and equity in undistributed income of subsidiaries | 737,386 | 525,575 | 684,577 |
| Income tax benefit | 3,510 | 4,143 | 5,844 |
| Undistributed earnings of subsidiaries, primarily bank | 584,292 | 635,868 | 470,740 |
| Net income | $1,325,188 | $1,165,586 | $1,161,161 |
(1)Includes $1 million in DC Solar recoveries for the year ended December 31, 2025.
(2)Includes $307 thousand and $3 million in DC Solar recoveries for the years ended December 31, 2025 and 2023, respectively.
CONDENSED STATEMENT OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| ($ in thousands) | 2025 | 2024 | 2023 |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $1,325,188 | $1,165,586 | $1,161,161 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Undistributed earnings of subsidiaries, principally bank | (584,292) | (635,868) | (470,740) |
| Deferred income tax expense | 62 | 2,788 | 948 |
| Net change in other assets | (5,549) | (6,912) | (4,160) |
| Net change in other liabilities | (1,686) | (802) | (47) |
| Other operating activities, net | 1,083 | 1,265 | 2,443 |
| Net cash provided by operating activities | 734,806 | 526,057 | 689,605 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| AFS debt securities: | |||
| Proceeds from maturities | 1,945,000 | — | — |
| Purchases | (1,944,333) | — | — |
| Redemption of trust preferred securities | — | 3,558 | — |
| Other investing activities, net | (732) | (494) | (95,095) |
| Net cash (used in) provided by investing activities | (65) | 3,064 | (95,095) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Long-term debt: | |||
| Repayment of junior subordinated debt | — | (116,558) | — |
| Common stock: | |||
| Proceeds from issuance pursuant to various stock compensation plans and agreements | 3,212 | 3,023 | 3,208 |
| Stock tendered for payment of withholding taxes | (19,239) | (14,877) | (23,751) |
| Repurchase of common stock pursuant to the stock repurchase program | (115,590) | (143,082) | (82,174) |
| Cash dividends paid | (334,041) | (308,478) | (274,554) |
| Net cash used in financing activities | (465,658) | (579,972) | (377,271) |
| Net increase (decrease) in cash and cash equivalents | 269,083 | (50,851) | 217,239 |
| Cash and cash equivalents, beginning of year | 394,919 | 445,770 | 228,531 |
| Cash and cash equivalents, end of year | $664,002 | $394,919 | $445,770 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.