EAST WEST BANCORP INC
For the period ended Jun 30, 2026. Filed Aug 7, 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.
Jun 30, 2026 · Filed Aug 7, 2026
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Income Taxes
The following table presents income before income taxes, income tax expense and the effective tax rate for the second quarters of 2026 and 2025:
| Three Months Ended June 30, · Six Months Ended June 30, | |||||||
|---|---|---|---|---|---|---|---|
| ($ in thousands) · 2026 · 2025 · % Change · 2026 · 2025 · % Change | |||||||
| Income before income taxes | $467,521 | $402,232 | 16% | $924,956 | $793,387 | 17% | |
| Income tax expense | $103,821 | $91,979 | 13% | $203,460 | $192,864 | 5% | |
| Effective tax rate | 22.2% | 22.9% | 22.0% | 24.3% | |||
Second quarter 2026 income tax expense was $104 million, and the effective tax rate was 22.2%, compared with second quarter 2025 income tax expense of $92 million and an effective tax rate of 22.9%. For the first half of 2026, income tax expense was $203 million, and the effective tax rate was 22.0%, compared with income tax expense of $193 million and an effective tax rate of 24.3% for the same period in 2025. The increase in income tax expense is primarily due to higher pre-tax income, partially offset by the release of a valuation allowance related to foreign tax credits in 2026 and the one-time revaluation of deferred tax assets recorded in 2025 due to the adoption of the California state tax apportionment in 2025.
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