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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	3,408	3,173	2,048	1,425	1,464	1,717
Interest Income on Investments	602.27	521.06	272.93	193.83	130.66	164.89
Total Interest Income	4,010	3,694	2,321	1,619	1,595	1,882
Interest Paid on Deposits	1,539	1,206	251.84	69.16	184.74	375.8
Interest Paid on Borrowings	207.22	176	23.51	18	33.11	38.69
Total Interest Expense	1,746	1,382	275.35	87.16	217.85	414.49
Net Interest Income	2,264	2,312	2,046	1,532	1,377	1,468
Net Interest Income Growth (YoY)	-2.58%	13.02%	33.58%	11.21%	-6.17%	5.86%
Trust Income	31.63	26.81	27.57	25.75	17.49	16.55
Gain (Loss) on Sale of Investments	-78.56	-127.16	-112.05	-120.89	-57.78	-94.45
Other Non-Interest Income	186.26	182.08	174.95	178.41	153.11	159.09
Total Non-Interest Income	236.78	174.97	185.31	163.44	165.47	123.86
Non-Interest Income Growth (YoY)	84.14%	-5.58%	13.38%	-1.23%	33.59%	2.13%
Revenues Before Loan Losses	2,501	2,487	2,231	1,695	1,543	1,592
Provision for Loan Losses	141	125	73.5	-35	210.65	98.69
Revenue	2,360	2,362	2,158	1,730	1,332	1,493
Revenue Growth (YoY)	0.22%	9.48%	24.72%	29.88%	-10.78%	3.43%
Salaries and Employee Benefits	486.27	468.67	440.03	401.16	374.83	370.94
Occupancy Expenses	61.35	62.76	62.5	63	66.49	69.73
Federal Deposit Insurance	117.49	103.31	19.45	17.56	15.13	12.93
Selling, General & Administrative	88.89	84.34	80.38	79.43	74.87	89.05
Other Non-Interest Expense	188.29	183.37	143.67	112.48	106.18	106.42
Total Non-Interest Expense	942.29	902.45	746.04	673.63	637.5	649.07
EBT Excluding Unusual Items	1,418	1,460	1,412	1,056	694.51	843.92
Other Unusual Items	-	-	-	-	-8.74	-
Pretax Income	1,418	1,460	1,412	1,056	685.77	843.92
Income Tax Expense	317.51	298.61	283.57	183.4	117.97	169.88
Net Income	1,100	1,161	1,128	872.98	567.8	674.04
Net Income to Common	1,100	1,161	1,128	872.98	567.8	674.04
Net Income Growth	-13.15%	2.93%	29.22%	53.75%	-15.76%	-4.22%
Basic Shares Outstanding	140	141	141	142	142	145
Diluted Shares Outstanding	141	142	142	143	143	146
Shares Change (YoY)	-0.74%	-0.41%	-0.45%	0.10%	-2.18%	0.01%
EPS (Basic)	7.85	8.23	7.98	6.16	3.99	4.63
EPS (Diluted)	7.80	8.18	7.92	6.10	3.97	4.61
EPS Growth	-12.61%	3.28%	29.84%	53.65%	-13.88%	-4.16%
Dividend Per Share	2.060	1.920	1.600	1.320	1.100	1.055
Dividend Growth	17.05%	20.00%	21.21%	20.00%	4.27%	22.67%
Effective Tax Rate	22.40%	20.46%	20.09%	17.36%	17.20%	20.13%

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