| --- | --- | |---------------------------------------------------------|-------| | | | | | | | EWBC Earnings Results First Quarter 2022 April 21, 2022 | | ANK Forward-Looking Statements Forward-Looking Statements This presentation contains forward-looking statements that are intended to be covered by the safe harbor for such statements provided by the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of the management of East West Bancorp, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-24939 EAST WEST BANCORP, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or o ...

Financial Performance - Net income for 4Q21 was $2178 million, and diluted EPS was $152[3] - Net income for 2021 was $873 million, and diluted EPS was $610[3] - Revenue for 4Q21 was $477 million, and for 2021 it was $18 billion[3] - Adjusted pre-tax, pre-provision income for 4Q21 was $251 million, with a profitability ratio of 191%[3] - Adjusted pre-tax, pre-provision income for 2021 was $979 million, with a profitability ratio of 194%[3] Balance Sheet - Total deposits as of 123121 were $534 billion[3,5] - Record loans as of 123121 were $417 billion[3,4] - Cash equivalents & ST investments decreased by $1059 million Q-o-Q[4] - Total assets decreased by $88 million Q-o-Q to $60871 billion[4] - Customer deposits decreased by $5 million Q-o-Q to $53351 billion[4] Asset Quality - Nonperforming assets decreased by 40% Q-o-Q to $1035 million, representing 017% of total assets[21] - Criticized loans decreased by 18% Q-o-Q to $833 million, representing 20% of loans[21]

East West Bancorp, Inc. (NASDAQ:EWBC) Q4 2021 Earnings Conference Call January 27, 2021 11:30 AM ET Company Participants Julianna Balicka - Head, IR Dominic Ng - Chairman, President & CEO Irene Oh - EVP & CFO Conference Call Participants Ebrahim Poonawala - Bank of America Chris McGratty - KBW Jared Shaw - Wells Fargo Securities Dave Rochester - Compass Point G. O’Hara - Jefferies. Brandon King - Truist Brock Vandervliet - UBS Gary Tenner - D.A. Davidson Matthew Clark - Piper Sandler Operator Good day, and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, par value $0.001 per share EWBC The Nasdaq Global Select Market FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commis ...

| --- | --- | |-----------------------------------------------------------|-------| | | | | EWBC Earnings Results Third Quarter 2021 October 21, 2021 | | ANK Forward-Looking Statements Forward-Looking Statements This presentation contains forward-looking statements that are intended to be covered by the safe harbor for such statements provided by the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of the management of East West Bancorp, In ...

PART I — FINANCIAL INFORMATION [Item 1. Consolidated Financial Statements](index=3&type=section&id=Item%201.%20Consolidated%20Financial%20Statements) Presents unaudited consolidated financial statements, including balance sheet, income statement, and cash flows, for Q2 and H1 2021, with detailed notes [Consolidated Balance Sheet](index=4&type=section&id=Consolidated%20Balance%20Sheet) As of June 30, 2021, total assets increased to $59.85 billion, driven by growth in cash, securities, and loans, while total deposits grew significantly to $52.58 billion, primarily in noninterest-bearing accounts Consolidated Balance Sheet Summary (Unaudited) | Account | June 30, 2021 ($ in thousands) | December 31, 2020 ($ in thousands) | | :--- | :--- | :--- | | **Total Assets** | **$59,854,876** | **$52,156,913** | | Cash and cash equivalents | $5,997,805 | $4,017,971 | | AFS debt securities, at fair value | $8,399,460 | $5,544,658 | | Loans held-for-investment, net | $39,485,775 | $37,770,972 | | **Total Liabilities** | **$54,307,328** | **$46,887,738** | | Total deposits | $52,582,575 | $44,862,752 | | - Noninterest-bearing | $21,816,721 | $16,298,301 | | - Interest-bearing | $30,765,854 | $28,564,451 | | **Total Stockholders' Equity** | **$5,547,548** | **$5,269,175** | [Consolidated Statement of Income](index=5&type=section&id=Consolidated%20Statement%20of%20Income) For Q2 2021, net income surged to $224.7 million, driven by a $15.0 million reversal of provision for credit losses and higher net interest income, resulting in diluted EPS of $1.57 Consolidated Statement of Income Highlights (Unaudited) | Metric | Three Months Ended June 30, 2021 ($ in thousands) | Three Months Ended June 30, 2020 ($ in thousands) | Six Months Ended June 30, 2021 ($ in thousands) | Six Months Ended June 30, 2020 ($ in thousands) | | :--- | :--- | :--- | :--- | :--- | | Net interest income | $376,473 | $343,775 | $730,168 | $706,482 | | (Reversal of) provision for credit losses | $(15,000) | $102,443 | $(15,000) | $176,313 | | Total noninterest income | $68,431 | $55,707 | $141,297 | $111,213 | | Total noninterest expense | $189,523 | $184,766 | $380,600 | $365,099 | | **Net Income** | **$224,742** | **$99,352** | **$429,736** | **$244,176** | Earnings Per Share (Unaudited) | Metric | Three Months Ended June 30, 2021 | Three Months Ended June 30, 2020 | Six Months Ended June 30, 2021 | Six Months Ended June 30, 2020 | | :--- | :--- | :--- | :--- | :--- | | **Basic EPS** | $1.58 | $0.70 | $3.03 | $1.71 | | **Diluted EPS** | $1.57 | $0.70 | $3.01 | $1.70 | [Notes to Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes provide detailed explanations of accounting policies and methodologies, covering fair value measurements, securities and loan portfolios, derivatives, credit losses, segment reporting, and contingencies [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=56&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management analyzes Q2 and H1 2021 financial performance, highlighting net income growth, balance sheet changes, and risk management, including credit, liquidity, and market risks - Q2 2021 net income was **$224.7 million** (**$1.57/share**), a **126% increase** from Q2 2020, primarily due to a **$15.0 million reversal of provision for credit losses**, lower interest expense, and higher noninterest income[258](index=258&type=chunk) - Total assets grew **15% to $59.85 billion** as of June 30, 2021, from year-end 2020, driven by purchases of AFS debt securities and loan growth[263](index=263&type=chunk) - Total deposits increased **17% to $52.58 billion** from year-end 2020, with strong growth in noninterest-bearing demand deposits[265](index=265&type=chunk) - Asset quality improved, with criticized loans decreasing **15% to $1.03 billion** (**2.58% of loans**) from **$1.22 billion** (**3.17% of loans**) at year-end 2020[267](index=267&type=chunk) [Results of Operations](index=61&type=section&id=Results%20of%20Operations) Operational results improved significantly year-over-year, with net interest income rising 10% to $376.5 million, noninterest income growing 23% to $68.4 million, and an improved efficiency ratio of 42.60% Net Interest Margin Analysis | Metric | Q2 2021 | Q2 2020 | H1 2021 | H1 2020 | | :--- | :--- | :--- | :--- | :--- | | Net Interest Margin | 2.75% | 3.04% | 2.73% | 3.24% | | Yield on Avg. Earning Assets | 2.92% | 3.53% | 2.92% | 3.89% | | Avg. Cost of Funds | 0.18% | 0.53% | 0.20% | 0.71% | - Noninterest income for Q2 2021 increased by **23% YoY to $68.4 million**, primarily due to higher other investment income, foreign exchange income, deposit account fees, and wealth management fees[289](index=289&type=chunk) - Noninterest expense for Q2 2021 increased by **3% YoY to $189.5 million**, mainly from higher compensation and benefits, partially offset by the absence of a prior-year debt extinguishment cost[298](index=298&type=chunk) [Balance Sheet Analysis](index=72&type=section&id=Balance%20Sheet%20Analysis) The balance sheet expanded significantly in H1 2021, with AFS debt securities growing 51% to $8.40 billion, the loan portfolio increasing 5% to $39.49 billion, and deposits rising 17% to $52.58 billion - The fair value of AFS debt securities increased by **51% to $8.40 billion** as of June 30, 2021, from **$5.54 billion** at year-end 2020, with **89%** of the portfolio rated 'AA-' or higher[334](index=334&type=chunk)[335](index=335&type=chunk) Loan Portfolio Composition (June 30, 2021) | Loan Type | Amount ($ in thousands) | % of Total | | :--- | :--- | :--- | | Total Commercial | $29,182,304 | 73% | | - C&I | $13,790,461 | 35% | | - Total CRE | $15,391,843 | 38% | | Total Consumer | $10,889,195 | 27% | | - Total Residential Mortgage | $10,741,536 | 27% | | **Total Loans Held-for-Investment** | **$40,071,499** | **100%** | - Total deposits grew **17% to $52.58 billion** from year-end 2020, driven by a **34% increase** in noninterest-bearing demand deposits, which now constitute **42%** of total deposits[386](index=386&type=chunk) [Risk Management](index=86&type=section&id=Risk%20Management) The company manages risk through a comprehensive ERM framework, showing improved credit quality with criticized loans decreasing 15%, strong liquidity, and an asset-sensitive position to rising interest rates - Criticized loans decreased by **15% to $1.03 billion** (**2.58% of total loans**) as of June 30, 2021, from **$1.22 billion** (**3.17% of total loans**) at year-end 2020, indicating improved credit quality[415](index=415&type=chunk) - As of June 30, 2021, loans under COVID-19 related payment deferral programs decreased to **$863.5 million** (**2% of total loans**) from **$983.2 million** at year-end 2020[435](index=435&type=chunk) Net Interest Income Sensitivity (12-Month Simulation) | Change in Interest Rates (bps) | NII Volatility (June 30, 2021) | NII Volatility (Dec 31, 2020) | | :--- | :--- | :--- | | +200 | 15.6% | 12.6% | | +100 | 7.4% | 5.6% | [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=108&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section refers to the Market Risk Management discussion within Item 2 (MD&A) and Note 6 (Derivatives) for detailed disclosures about the company's market risk exposures - Disclosures regarding market risk are provided in the Management's Discussion and Analysis (Item 2) and the Notes to Consolidated Financial Statements (Note 6)[522](index=522&type=chunk) [Item 4. Controls and Procedures](index=108&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were effective as of June 30, 2021, with no material changes to internal control over financial reporting during the quarter - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective as of June 30, 2021[523](index=523&type=chunk) - No material changes were made to the company's internal control over financial reporting during the quarter ended June 30, 2021[525](index=525&type=chunk) PART II — OTHER INFORMATION [Item 1. Legal Proceedings](index=109&type=section&id=Item%201.%20Legal%20Proceedings) This section refers to Note 10 of the Consolidated Financial Statements for information regarding legal proceedings, where the company is a party to various legal actions arising in the ordinary course of business - The company is involved in various legal actions in the ordinary course of business; for details, refer to Note 10 — Commitments and Contingencies[528](index=528&type=chunk)[214](index=214&type=chunk) [Item 1A. Risk Factors](index=109&type=section&id=Item%201A.%20Risk%20Factors) The company states that there have been no material changes to the risk factors previously disclosed in its Annual Report on Form 10-K for the year ended December 31, 2020 - There has been no material change to the Company's risk factors as presented in the Company's 2020 Form 10-K[529](index=529&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=109&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reports that there were no unregistered sales of equity securities or stock repurchase activities during the six months ended June 30, 2021 - The company did not engage in any unregistered sales of equity securities or repurchase activities during the first half of 2021[530](index=530&type=chunk) [Item 6. Exhibits](index=110&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including certifications by the CEO and CFO as required by the Sarbanes-Oxley Act, and XBRL data files

East West Bancorp, Inc. (NASDAQ:EWBC) Q2 2021 Earnings Conference Call July 22, 2021 11:30 AM ET Company Participants Julianna Balicka - Director, Investor Relations Dominic Ng - Chairman & Chief Executive Officer Irene Oh - Chief Financial Officer Conference Call Participants Ebrahim Poonawala - Bank of America Ken Zerbe - Morgan Stanley Jared Shaw - Wells Fargo Securities Vilas Abraham - UBS Matthew Clark - Piper Sandler Dave Rochester - Compass Point Elan Zanger - Jefferies Brandon King - Truist Chris M ...

Financial Highlights - Net income for Q2 2021 was $225 million [6] - Diluted EPS for Q2 2021 was $1.57 [6] - Total revenue for Q2 2021 reached $445 million [6] - Record loans reached $40.1 billion [6,7,10,14] - Record deposits reached $52.6 billion [6,7] - Record demand deposits reached $21.8 billion [6,7] Balance Sheet Strength (as of June 30, 2021) - Total assets were $59.855 billion, a $2.981 billion increase from the previous quarter [6] - Customer deposits totaled $52.583 billion, a $3.036 billion increase from the previous quarter [6] - Gross loans (excluding PPP) were $38.640 billion, a $1.124 billion increase from the previous quarter [6] - PPP loans decreased to $1.433 billion from $2.073 billion in the previous quarter [6,13] - Total stockholders' equity was $5.548 billion, a $263 million increase from the previous quarter [6] Asset Quality - Criticized loans decreased by 15% Q-o-Q, representing 2.6% of loans HFI [24] - Nonperforming assets decreased by 13% Q-o-Q, representing 0.38% of total assets [24] - ALLL coverage of loans was 1.46% as of June 30, 2021 [6,27]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, par value $0.001 per share EWBC The Nasdaq Global Select Market FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission ...