EAST WEST BANCORP INC
For the period ended Mar 31, 2026. Filed May 8, 2026.
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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.
Mar 31, 2026 · Filed May 8, 2026
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Noninterest Expense
The following table presents the components of noninterest expense for the first quarters of 2026 and 2025:
| Three Months Ended March 31, | |||
|---|---|---|---|
| ($ in thousands) | 2026 | 2025 | % Change |
| Compensation and employee benefits | $172,665 | $146,435 | 18% |
| Occupancy and equipment expense | 18,248 | 15,689 | 16% |
| Computer and software related expenses | 14,747 | 13,314 | 11% |
| Deposit insurance premiums and regulatory assessments | 8,859 | 10,385 | (15)% |
| Deposit account expense | 7,533 | 9,042 | (17)% |
| Other real estate owned (“OREO”) (income) expense | (264) | 4,166 | NM |
| Other operating expense | 36,542 | 37,375 | (2)% |
| Amortization of tax credit and Community Reinvestment Act (“CRA”) investments | 21,984 | 15,742 | 40% |
| Total noninterest expense | $280,314 | $252,148 | 11% |
NM - Not meaningful.
Noninterest expense was $280 million for the first quarter of 2026, a $28 million or 11% increase compared with the first quarter of 2025. The year-over-year increase was primarily due to increases in compensation and employee benefits and amortization of tax credit and CRA investments, partially offset by OREO income.
Compensation and employee benefits were $173 million for the first quarter of 2026, a $26 million or 18% increase compared with the first quarter of 2025. The increase was primarily driven by higher incentive compensation and staffing growth.
Occupancy and equipment expense was $18 million for the first quarter of 2026, a $3 million or 16% increase compared with the first quarter of 2025. The increase was primarily due to higher rental expense and increased depreciation related to a building purchase.
OREO income was $264 thousand for the first quarter of 2026, compared with OREO expense of $4 million for the first quarter of 2025. OREO income of $264 thousand for the first quarter of 2026 was primarily due to gains recorded on the sale of an OREO property, partially offset by OREO write-downs and operating expenses, compared with $4 million of OREO write-downs for the same prior year period.
Amortization of tax credit and CRA investments was $22 million for the first quarter of 2026, a $6 million or 40% increase compared with the first quarter of 2025. The year-over-year increase was primarily due to the timing of tax credit investments that closed in a given period.
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