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EAST WEST BC   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2022202120202019201820172016201520142013
Period End Date12/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/2013
Loans receivable, including fees2,048.301,424.901,464.381,717.421,503.511,198.441,035.38968.631,059.21979.39
Short-term investments--------------17.9423.2117.34
Investment in Federal Home Loan Bank stock------------3.436.086.273.98
Investment in Federal Reserve Bank stock------------------2.89
Investment securities available-for-sale198.91143.9882.5567.8460.9158.6753.4041.3844.6843.85
Investment securities held-to-maturity--------------------
Restricted equity securities3.142.081.542.473.152.52--------
Interest-bearing deposits in other banks41.1115.5325.1866.7654.8033.3914.73------
Securities purchased under resale agreements29.7732.2421.3927.8229.3332.1030.5519.8020.3221.24
Investment securities held for trading--------------------
Total interest and dividend income2,321.231,618.731,595.041,882.301,651.701,325.121,137.481,053.821,153.701,068.69
Savings deposits251.84--184.74375.80234.75----------
Time deposits--69.16----------------
Money market accounts------------------15.02
Customer deposit accounts----------116.3984.2273.5165.4963.50
Checking accounts------------------3.56
Savings deposits------------------2.96
Time deposits:Less than $100,000------------------15.49
Time deposits:$100,000 or greater------------------26.48
Long-Term Debt5.603.086.056.646.495.435.024.644.823.44
Short-term borrowings--0.041.50--------0.06----
Federal Home Loan Bank advances1.756.8813.7916.7010.457.755.594.274.124.17
Junior subordinated debt securities--------------------
Federal Funds Purchased1.80----1.761.401.000.71------
Securities sold under repurchase agreements14.368.0011.7713.5812.119.489.3020.9138.4041.38
Other Borrowings----------------0.00--
Total Interest Expense275.3587.16217.85414.49265.20140.05104.84103.38112.82112.49
Net Interest Income2,045.881,531.571,377.191,467.811,386.511,185.071,032.64950.441,040.88956.19
Provision for loan losses73.50(35.00)210.6598.6964.2646.2727.4814.2249.1622.36
Provision for loan losses-Non-covered loans----------------44.1318.34
Provision for loan losses-Covered loans----------------5.034.03
Net interest income after provision for loan losses1,972.381,566.571,166.541,369.131,322.251,138.801,005.16936.22991.72933.83
Branch fees--------39.8642.4941.1839.5037.8732.04
Letters of credit fees and commissions--------56.2842.7845.7638.9925.9422.12
Ancillary loan fees--------24.0523.3319.3515.0310.629.37
Lending fees79.2177.7074.8463.67------------
Deposit account fees88.4471.2648.1538.65------------
Net gain on sales of investment securitiesavailable-for-sale--8.91--3.93------------
Net gain on investment securities available-for-sale1.311.5712.30--2.548.0410.3640.3710.8512.09
Impairment writedown on investment securities--------------------
Impairment loss securities-Impairment loss on investment securities--------------------
Dividend and other investment income7.0416.8510.645.2518.98------5.46--
Net gain on sales of loans6.41--4.504.046.598.876.0924.8739.137.75
Net gain on sales of securitized loans--------------------
Wealth management fees27.5725.7517.4916.6713.7914.6313.2418.27----
Net gain (loss) on trading securities--------------------
Other Operating Income11.4911.9613.5710.8010.67--30.16--19.0334.80
Foreign exchange income48.1648.9822.3726.40--------11.3812.66
Income from secondary market activities--------------------
Net gain on sale of real estate owned--------------------
Income from life insurance policies------------------3.78
Net gain (loss) on disposal of fixed assets------0.116.6877.39------1.52
Amortization of fair value of net assets acquired in excess of purchase price--------------------
Gain on acquisition--------------------
Decrease in FDIC indemnification asset and receivable--------------(37.98)(201.42)(228.59)
Other commission and fee income----------19.40--28.1529.42--
Derivative commission fee income----------17.6716.7816.19----
Net gain on sale of business--------31.473.81--------
Interest rate contracts and other derivative income29.0622.9131.6939.87------------
Total Noninterest Income298.67285.90235.55209.38210.91258.41182.92183.38(11.71)(92.47)
Salaries, Compensation and employee benefits477.64433.73404.07401.70379.62335.29300.12262.19231.84175.91
Occupancy and equipment expense62.5063.0066.4969.7368.9064.9261.4561.2963.8256.64
Deposit insurance premiums and regulatory assessments19.4517.5615.1312.9321.2123.7423.2818.7721.9216.55
Amortization of investments in affordable housing partnerships----------------75.6627.27
Amortization of premiums on deposits acquired and excess of purchase price over fair value of net assets acquired----------6.948.099.2310.209.37
Amortization of real estate investment--122.4670.08--------------
Amortization of CRA and tax credit investments113.36----85.5289.6387.9583.4536.12----
Other real estate owned operations, net------------1.47(8.91)(3.59)(1.13)
Other Operating Expenses118.1781.8079.4992.2588.0476.7077.4687.0092.3664.59
Data processing14.5216.2616.6013.5313.1812.0911.6810.1915.899.10
Computer software expense28.2630.6029.0326.4722.2918.1812.91------
Deposit-related expenses25.5116.1513.5314.1811.249.9410.399.58--6.54
Consulting Expense--6.525.399.8511.5814.9222.7417.23--6.45
Legal expense--8.027.778.448.7811.442.8416.3753.0231.72
Loan related expense----------------3.4412.52
Loan related expenses--------------------
Prepayment penalty for FHLB advances--------------------
Repurchase agreements extinguishment costs----8.74------0.0021.82----
Total Noninterest Expense859.39796.09716.32734.59714.47662.11615.89540.88564.55415.51
Income before provision for income taxes1,411.651,056.38685.77843.92818.70735.10572.19578.72415.46425.85
Current income tax expense:Federal163.8084.25--107.3963.04120.9763.64(62.83)153.21131.24
Current income tax expense:State160.6395.94--86.5864.9272.8448.56(4.75)70.5344.39
Current income tax expense:Foreign3.13(1.55)--(2.49)3.511.821.350.413.850.21
Provision for income taxes283.57183.40117.97169.88115.00229.48140.51194.0472.97130.81
Deferred income tax benefit:Federal(23.48)1.53--(8.80)(11.87)40.0625.30199.86(116.24)(32.96)
Deferred income tax benefit:State(21.84)3.26--(16.39)(4.60)(6.20)1.8860.44(37.67)(13.68)
Deferred income tax benefit:Foreign1.33(0.03)--3.59----(0.21)0.92(0.71)1.61
Income before cumulative effect of change in accounting principle--------------------
Extraordinary item, net of tax--------------------
Cumulative effect of change in accounting principle, net of tax--------------------
Consolidated Net Income (Loss)1,128.08872.98567.80674.04703.70505.62431.68384.68342.48295.05
Preferred stock dividends--------------0.000.00--
Preferred Stock Dividends And Amortization Of Preferred Stock Discount------------------3.43
Earnings allocated to participating securities--------------0.00----
NET INCOME(LOSS) AVAILABLE TO COMMON SHAREHOLDERS1,128.08872.98567.80674.04703.70505.62431.68384.67342.48291.62
BASIC EARNINGS PER SHARE, BEFORE CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE, NET OF TAX--------------------
EARNINGS PER SHARE:Basic7.986.163.994.634.863.503.002.672.392.11
DILUTED EARNINGS PER SHARE, BEFORE CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE, NET OF TAX--------------------
EARNINGS PER SHARE:Diluted7.926.103.974.614.813.472.972.662.382.10
Weighted average shares outstanding: Basic141.33141.83142.34145.50144.86144.44144.09143.82142.95137.34
Weighted average shares outstanding:Diluted142.49143.14142.99146.18146.17145.91145.17144.51143.56139.57