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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	37,881	36,627	29,841	22,410	21,102	28,004
Interest Income on Investments	6,026	5,701	4,721	3,710	2,151	2,706
Total Interest Income	43,907	42,328	34,561	26,120	23,252	30,710
Interest Paid on Deposits	7,374	7,037	5,231	2,262	1,768	3,561
Interest Paid on Borrowings	1,949	1,805	1,106	533.54	457.71	646.13
Total Interest Expense	9,323	8,842	6,337	2,795	2,226	4,207
Net Interest Income	34,584	33,486	28,225	23,325	21,027	26,503
Net Interest Income Growth (YoY)	14.15%	18.64%	21.00%	10.93%	-20.66%	23.46%
Trust Income	139.51	137.17	126.73	121.23	99.83	79.27
Income From Trading Activities	440.72	401.14	337.83	-395.64	-841.42	1,464
Gain (Loss) on Sale of Assets	-876.44	-688.09	183.08	105.35	-223.61	20.74
Gain (Loss) on Sale of Investments	-	-	-	-	1,850	3,675
Other Non-Interest Income	8,487	7,878	6,174	5,098	5,623	1,793
Total Non-Interest Income	9,382	8,919	7,436	4,919	5,984	6,880
Non-Interest Income Growth (YoY)	23.69%	19.95%	51.16%	-17.79%	-13.03%	-4.85%
Revenues Before Loan Losses	43,966	42,405	35,660	28,244	27,010	33,383
Provision for Loan Losses	10,365	9,566	7,672	4,951	4,149	9,834
Revenue	33,601	32,839	27,988	23,294	22,861	23,549
Revenue Growth (YoY)	14.23%	17.33%	20.15%	1.89%	-2.92%	-4.49%
Salaries and Employee Benefits	8,732	8,533	7,349	5,960	5,671	5,711
Occupancy Expenses	2,145	2,092	1,640	1,985	2,229	1,957
Amortization of Goodwill & Intangibles	316.14	258.29	199.65	181.43	168.3	186.28
Selling, General & Administrative	1,725	1,750	1,617	971.76	824.19	886.07
Other Non-Interest Expense	10,842	10,645	9,372	7,831	7,553	7,442
Total Non-Interest Expense	23,780	23,165	20,329	17,159	16,682	16,483
EBT Excluding Unusual Items	9,822	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	9,663	9,516	7,527	6,059	6,105	7,018
Income Tax Expense	1,920	1,908	1,444	1,433	1,590	510.16
Net Income	7,743	7,608	6,083	4,625	4,515	6,508
Net Income to Common	7,743	7,608	6,083	4,625	4,515	6,508
Net Income Growth	24.79%	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
Shares Change (YoY)	0.16%	-	-	-	-	-
EPS (Basic)	3.44	3.38	2.70	2.06	2.01	2.89
EPS (Diluted)	3.44	3.38	2.70	2.06	2.01	2.89
EPS Growth	24.58%	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	19.87%	20.05%	19.18%	23.66%	26.05%	7.27%

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