East West Bancorp, Inc. (EWBC)

East West Bancorp Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	3,603	3,173	2,048	1,425	1,464	1,717
Interest Income on Investments	521.06	521.06	272.93	193.83	130.66	164.89
Total Interest Income	4,124	3,694	2,321	1,619	1,595	1,882
Interest Paid on Deposits	1,682	1,206	251.84	69.16	184.74	375.8
Interest Paid on Borrowings	176	176	23.51	18	33.11	38.69
Total Interest Expense	1,858	1,382	275.35	87.16	217.85	414.49
Net Interest Income	2,266	2,312	2,046	1,532	1,377	1,468
Net Interest Income Growth (YoY)	-3.29%	13.02%	33.58%	11.21%	-6.17%	5.86%
Trust Income	36.39	26.81	27.57	25.75	17.49	16.55
Gain (Loss) on Sale of Investments	-34.32	-127.16	-112.05	-120.89	-57.78	-94.45
Other Non-Interest Income	186.07	182.08	174.95	178.41	153.11	159.09
Total Non-Interest Income	288.89	174.97	185.31	163.44	165.47	123.86
Non-Interest Income Growth (YoY)	188.99%	-5.58%	13.38%	-1.23%	33.59%	2.13%
Revenues Before Loan Losses	2,555	2,487	2,231	1,695	1,543	1,592
Provision for Loan Losses	141	125	73.5	-35	210.65	98.69
Revenue	2,414	2,362	2,158	1,730	1,332	1,493
Revenue Growth (YoY)	3.60%	9.48%	24.72%	29.88%	-10.78%	3.43%
Salaries and Employee Benefits	501.79	468.67	440.03	401.16	374.83	370.94
Occupancy Expenses	62.23	62.76	62.5	63	66.49	69.73
Federal Deposit Insurance	118.09	103.31	19.45	17.56	15.13	12.93
Selling, General & Administrative	85.35	84.34	80.38	79.43	74.87	89.05
Other Non-Interest Expense	193.07	183.37	143.67	112.48	106.18	106.42
Total Non-Interest Expense	960.53	902.45	746.04	673.63	637.5	649.07
EBT Excluding Unusual Items	1,453	1,460	1,412	1,056	694.51	843.92
Other Unusual Items	-	-	-	-	-8.74	-
Pretax Income	1,453	1,460	1,412	1,056	685.77	843.92
Income Tax Expense	341.85	298.61	283.57	183.4	117.97	169.88
Net Income	1,111	1,161	1,128	872.98	567.8	674.04
Net Income to Common	1,111	1,161	1,128	872.98	567.8	674.04
Net Income Growth	-11.72%	2.93%	29.22%	53.75%	-15.76%	-4.22%
Basic Shares Outstanding	139	141	141	142	142	145
Diluted Shares Outstanding	140	142	142	143	143	146
Shares Change (YoY)	-1.20%	-0.41%	-0.45%	0.10%	-2.18%	0.01%
EPS (Basic)	7.97	8.23	7.98	6.16	3.99	4.63
EPS (Diluted)	7.92	8.18	7.92	6.10	3.97	4.61
EPS Growth	-10.67%	3.28%	29.84%	53.65%	-13.88%	-4.16%
Dividend Per Share	2.130	1.920	1.600	1.320	1.100	1.055
Dividend Growth	15.76%	20.00%	21.21%	20.00%	4.27%	22.67%
Effective Tax Rate	23.52%	20.46%	20.09%	17.36%	17.20%	20.13%

Source: S&P Capital IQ. Banks template. Financial Sources.