East west bancorp, inc. (EWBC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
INTEREST AND DIVIDEND INCOME
Loans receivable, including fees

1,717,415

1,503,514

1,198,440

1,035,377

968,625

1,059,205

979,394

945,530

945,798

998,589

587,163

AFS debt securities

67,838

60,911

58,670

53,399

41,375

44,684

43,846

58,184

89,469

70,052

116,286

Resale agreements

27,819

29,328

32,095

30,547

19,799

20,323

21,236

20,392

19,216

14,208

7,985

Restricted equity securities

2,468

3,146

2,524

3,427

6,077

6,272

-

-

-

-

-

Interest-bearing cash and deposits with banks

66,760

54,804

33,390

14,731

17,939

23,214

-

-

-

-

-

Investment in FHLB and Federal Reserve Bank stock

-

-

-

-

-

-

6,869

4,673

2,840

2,751

2,337

Investment in Federal Home Loan Bank stock

-

-

-

-

-

-

-

-

550

597

-

Due from banks and short-term investments

-

-

-

-

-

-

17,340

22,316

22,575

9,634

9,047

Total interest and dividend income

1,882,300

1,651,703

1,325,119

1,137,481

1,053,815

1,153,698

1,068,685

1,051,095

1,080,448

1,095,831

722,818

INTEREST EXPENSE
Deposits

375,802

234,752

116,391

84,224

73,505

65,486

63,496

75,895

107,110

116,737

129,477

Federal funds purchased and other short-term borrowings

1,763

1,398

1,003

713

58

0

6

-

-

-

-

FHLB advances

16,697

10,447

7,751

5,585

4,270

4,116

4,173

6,248

15,461

26,641

49,940

Repurchase agreements

13,582

12,110

9,476

9,304

20,907

38,395

41,381

46,166

48,561

48,993

49,725

Long-term debt and finance lease liabilities

6,643

6,488

5,429

5,017

4,636

4,823

3,436

3,855

5,832

6,420

7,816

Other borrowings

-

-

-

-

-

-

-

4

458

2,326

171

Total interest expense

414,487

265,195

140,050

104,843

103,376

112,820

112,492

132,168

177,422

201,117

237,129

Interest Income (Expense), Net

1,467,813

1,386,508

1,185,069

1,032,638

950,439

1,040,878

956,193

918,927

903,026

894,714

485,689

Provision for credit losses

98,685

64,255

46,266

27,479

14,217

49,158

22,364

-

-

-

528,666

Provision for loan losses on non-covered loans

-

-

-

-

-

-

-

60,168

92,584

195,934

-

Provision for loan losses on covered loans

-

-

-

-

-

-

-

5,016

2,422

-4,225

-

Net interest income after provision for credit losses

1,369,128

1,322,253

1,138,803

1,005,159

936,222

991,720

933,829

853,743

808,020

694,555

-42,977

NONINTEREST INCOME
Lending fees

63,670

59,758

58,395

-

-

-

-

-

-

-

-

Deposit account fees

38,648

39,176

40,299

-

-

-

-

-

-

-

-

Foreign exchange income

26,398

21,259

9,908

-

-

-

-

7,166

9,143

3,171

1,201

Decrease in FDIC indemnification asset and receivable

-

-

-

-

-

-

-

-

-100,141

-83,213

-23,338

Branch fees

-

-

-

39,654

39,495

37,866

32,036

30,906

31,510

32,634

22,326

Ancillary loan fees and other income

-

-

-

19,352

15,029

10,616

9,368

8,831

8,350

8,526

6,286

Wealth management fees

16,668

13,785

13,974

12,600

18,268

16,162

10,878

-

-

-

-

Interest rate contracts and other derivative income

39,865

18,980

17,671

-

-

-

-

-

-

-

-

Letters of credit fees and foreign exchange income

-

-

-

47,284

38,985

37,323

34,774

16,349

13,997

11,816

8,338

Letters of credit fees and commissions

-

-

-

-

-

-

-

19,104

-

-

-

Derivative fees and other income

-

-

-

16,781

16,493

10,991

-

-

-

-

-

Derivative commission income

-

-

-

-

-

-

8,813

-

-

-

-

Gain on acquisition

-

-

-

-

-

-

-

-

-

22,874

471,009

Impairment loss on investment securities

-

-

-

-

-

-

-

5,165

5,736

32,127

121,802

Less: Noncredit-related impairment loss recorded in other comprehensive income

-

-

-

-

-

-

-

-5,066

5,103

15,458

-14,131

Net impairment loss on investment securities recognized in earnings

-

-

-

-

-

-

-

99

633

16,669

-107,671

Income from life insurance policies

-

-

-

-

-

-

-

-

4,031

4,083

4,368

Gain (Loss) on Sales of Loans, Net

4,000

6,600

8,900

6,085

24,873

39,132

7,750

17,045

20,185

18,515

-

Debt Securities, Available-for-sale, Realized Gain (Loss), Excluding Other-than-temporary Impairment

3,930

2,535

8,037

10,362

40,367

10,715

12,089

757

9,703

31,237

11,923

Gain (Loss) on Disposition of Property Plant Equipment

114

6,683

77,388

3,178

3,567

-

-

-

2,274

-189

93

Gain (Loss) on Disposition of Business

0

31,470

3,807

0

0

-

-

-

-

-

-

Other investment income

5,249

1,207

3,903

-

-

-

-

-

-

-

-

Changes in Federal Deposit Insurance Corporation (FDIC) indemnification asset and receivable/payable

-

-

-

-

-37,980

-201,417

-228,585

-122,251

-

-

-

Dividend and other investment income

-

-

-

-

-

-

-

-439

-

-

-

Other income

10,800

9,466

15,496

26,982

24,286

26,898

20,409

17,013

12,505

6,485

-3,582

Total noninterest income

209,377

210,909

257,748

182,278

183,383

-11,714

-92,468

-5,618

10,924

39,270

390,953

NONINTEREST EXPENSE
Compensation and employee benefits

401,700

379,622

335,291

300,115

262,193

231,838

175,906

171,374

160,093

170,052

79,475

Occupancy and equipment expense

69,730

68,896

64,921

61,453

61,292

63,815

56,641

55,475

50,082

52,073

30,218

Amortization of premiums on deposits acquired

-

-

-

-

-

-

-

-

12,327

13,283

5,895

Deposit insurance premiums and regulatory assessments

12,928

21,211

23,735

23,279

18,772

21,922

16,550

14,130

20,531

25,201

28,073

Deposit related expenses

-

-

-

-

-

-

6,536

-

19,379

21,070

7,580

Loan related expense (income)

-

-

-

-

-

-

-

14,987

-

-

-

Other real estate owned (OREO) expense (income)

-

-

-

-

-

3,591

1,128

22,349

40,435

61,568

19,104

Legal expense

8,441

8,781

11,444

2,841

16,373

53,018

31,718

25,441

21,327

19,577

8,024

Prepayment penalty for FHLB advances and other borrowings

-

-

-

-

-

-

-

-

12,281

13,832

2,370

Data processing

13,533

13,177

12,093

11,683

10,185

15,888

9,095

9,231

8,598

10,615

5,641

Consulting expense

9,846

11,579

14,922

22,742

17,234

8,511

6,446

-

7,151

7,984

8,135

Deposit related expense

14,175

11,244

9,938

10,394

10,379

8,452

-

-

5,699

4,750

3,909

Computer software expense

26,471

22,286

18,183

12,914

8,660

7,493

-

-

-

-

-

Other operating expense

92,249

88,042

82,974

86,382

68,624

71,341

77,113

80,582

60,383

67,879

37,380

Amortization of tax credit and other investments

85,500

89,600

88,000

83,446

36,120

44,092

5,973

-

-

-

-

Amortization of investments in affordable housing partnerships and other tax credit investments

-

-

-

-

-

-

-

18,058

17,324

10,032

7,450

Amortization of core deposit intangibles

-

-

-

-

9,234

10,204

9,365

10,906

-

-

-

Repurchase agreements extinguishment costs

-

-

-

-

-21,818

0

0

-

-

-

-

Noninterest Expense

734,588

714,466

661,451

615,249

540,884

532,983

394,215

422,533

435,610

477,916

243,254

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

843,917

818,696

735,100

572,188

578,721

447,023

447,146

425,592

383,334

255,909

104,722

INCOME TAX EXPENSE

169,882

114,995

229,476

140,511

194,044

101,145

153,822

143,942

138,100

91,345

22,714

NET INCOME BEFORE EXTRAORDINARY ITEMS

-

-

-

-

-

-

-

-

-

-

82,008

Extraordinary item, net of tax

-

-

-

-

-

-

-

-

-

-

-5,366

Net Income (Loss) Attributable to Parent

674,035

703,701

505,624

431,677

384,677

345,878

293,324

281,650

245,234

164,564

76,642

PREFERRED STOCK DIVIDENDS

-

-

-

-

-

-

3,428

6,857

6,857

43,126

49,115

NET INCOME AVAILABLE TO COMMON STOCKHOLDERS

-

-

-

-

-

-

289,896

274,793

238,377

121,438

27,527

EARNINGS PER SHARE (“EPS”)
Earnings Per Share, Basic

4.63

4.86

3.50

3.00

2.67

2.42

2.10

1.92

1.62

0.88

0.35

Earnings Per Share, Diluted

4.61

4.81

3.47

2.97

2.66

2.41

2.09

1.89

1.60

0.83

0.33

WEIGHTED-AVERAGE NUMBER OF SHARES OUTSTANDING
Weighted Average Number of Shares Outstanding, Basic

145,497

144,862

144,444

144,087

143,818

142,952

137,342

141,457

147,093

137,478

78,770

Weighted Average Number of Shares Outstanding, Diluted

146,179

146,169

145,913

145,172

144,512

143,563

139,574

147,175

153,467

147,102

84,523

CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)

-

-

-

-

0.80

0.72

0.60

0.40

0.16

0.04

0.05