East West Banking Corporation (PSE:EW)

East West Banking Income Statement

Financials in millions PHP. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	39,258	36,627	29,841	22,410	21,102	28,004
Interest Income on Investments	6,323	5,701	4,721	3,710	2,151	2,706
Total Interest Income	45,581	42,328	34,561	26,120	23,252	30,710
Interest Paid on Deposits	7,617	7,037	5,231	2,262	1,768	3,561
Interest Paid on Borrowings	1,937	1,805	1,106	533.54	457.71	646.13
Total Interest Expense	9,554	8,842	6,337	2,795	2,226	4,207
Net Interest Income	36,026	33,486	28,225	23,325	21,027	26,503
Net Interest Income Growth (YoY)	13.18%	18.64%	21.00%	10.93%	-20.66%	23.46%
Trust Income	142.24	137.17	126.73	121.23	99.83	79.27
Income From Trading Activities	524.6	401.14	337.83	-395.64	-841.42	1,464
Gain (Loss) on Sale of Assets	-976.39	-688.09	183.08	105.35	-223.61	20.74
Gain (Loss) on Sale of Investments	-	-	-	-	1,850	3,675
Other Non-Interest Income	8,969	7,878	6,174	5,098	5,623	1,793
Total Non-Interest Income	9,851	8,919	7,436	4,919	5,984	6,880
Non-Interest Income Growth (YoY)	25.85%	19.95%	51.16%	-17.79%	-13.03%	-4.85%
Revenues Before Loan Losses	45,877	42,405	35,660	28,244	27,010	33,383
Provision for Loan Losses	11,136	9,566	7,672	4,951	4,149	9,834
Revenue	34,741	32,839	27,988	23,294	22,861	23,549
Revenue Growth (YoY)	14.34%	17.33%	20.15%	1.89%	-2.92%	-4.49%
Salaries and Employee Benefits	8,960	8,533	7,349	5,960	5,671	5,711
Occupancy Expenses	2,121	2,092	1,640	1,985	2,229	1,957
Amortization of Goodwill & Intangibles	326.58	258.29	199.65	181.43	168.3	186.28
Selling, General & Administrative	1,691	1,750	1,617	971.76	824.19	886.07
Other Non-Interest Expense	11,254	10,645	9,372	7,831	7,553	7,442
Total Non-Interest Expense	24,436	23,165	20,329	17,159	16,682	16,483
EBT Excluding Unusual Items	10,305	9,675	7,659	6,135	6,179	7,066
Asset Writedown	-13.66	-13.66	-15.99	-	-	-
Legal Settlements	-145.03	-145.03	-115.9	-76.45	-73.71	-48.22
Pretax Income	10,146	9,516	7,527	6,059	6,105	7,018
Income Tax Expense	1,893	1,908	1,444	1,433	1,590	510.16
Net Income	8,253	7,608	6,083	4,625	4,515	6,508
Net Income to Common	8,253	7,608	6,083	4,625	4,515	6,508
Net Income Growth	31.65%	25.06%	31.52%	2.44%	-30.62%	4.26%
Basic Shares Outstanding	2,250	2,250	2,250	2,250	2,250	2,250
Diluted Shares Outstanding	2,250	2,250	2,250	2,250	2,250	2,250
EPS (Basic)	3.67	3.38	2.70	2.06	2.01	2.89
EPS (Diluted)	3.67	3.38	2.70	2.06	2.01	2.89
EPS Growth	31.77%	25.06%	31.52%	2.44%	-30.62%	4.42%
Dividend Per Share	-	-	0.540	0.410	0.400	-
Dividend Growth	-	-	31.71%	2.50%	-	-
Effective Tax Rate	18.66%	20.05%	19.18%	23.66%	26.05%	7.27%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.