East West Bancorp(EWBC) - 2024 Q2 - Earnings Call Transcript

Criticized loans decreased during the quarter by 10%, driven by decreases in both special mention and substandard loans. The special mention loan ratio decreased 22 basis points quarter-over-quarter to 0.83% of loans and the classified loans ratio decreased three basis points to 1.22%. We recorded a higher provision for credit losses of $37 million in the second quarter, compared with $25 million for the first quarter. Within commercial real estate, we increased the reserve for office loans by $7 million, b ...