East West Bancorp

EWBC · Nasdaq · Financials · Financials, fiscal 2016 to 2025

EWBC · Last close · October 26, 2026

$131.77

East West Bancorp's revenue rose 12.2% to $2.9 billion in fiscal 2025. Net income was $1.3 billion, up 13.7%. Its return on equity was 15.9%, about the same as 15.9% a year earlier. Its efficiency ratio was 35.7%, down from 36.6% a year earlier. It paid out $450 million in dividends and buybacks. The diluted share count fell 0.6%.

EAST WEST BANCORP, INC. Latest fiscal year ended December 31, 2025 10-K filed February 27, 2026 · 0001069157-26-000009 Updated October 18, 2026

Revenue

$2.9B

12.2%

Net income

$1.3B

13.7%

Return on equity

15.9%

0.0 pts

Return on tangible equity

16.9%

0.1 pts

Efficiency ratio

35.7%

1.0 pts

Market cap

$18.2B

Oct 26 close

P/E

12.7x

On $10.40 EPS, 4 qtrs

Return on equity is net income as a share of shareholders' equity; return on tangible equity leaves out goodwill and other intangible assets. The efficiency ratio is operating costs as a share of revenue, so lower means the bank spends less to earn each dollar. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

Charts show fiscal years, from the 10-K filings.

Revenue and returns

Revenue

US$ billions, fiscal years. Revenue is net of interest expense.

Return on equity

Percent. Net income over average equity; tangible equity excludes goodwill, intangibles and preferred stock.

Return on equityReturn on tangible common equity

Net income and earnings per share

From fiscal 2016 to 2025, earnings per share grew 13.8% a year and net income 13.3% a year, as buybacks cut the share count by 4%.

Net income

US$ billions, fiscal years; loss years in red.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Efficiency and income mix

Efficiency ratio and net interest income

Percent of revenue. The efficiency ratio is noninterest expense over revenue.

Efficiency ratioNet interest income share

Payouts and share count

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Valuation

Value East West Bancorp yourself from its earnings. A bank's cash flow is mostly the money it lends and takes in, so the cash flow model on other company pages doesn't suit it.

Price-to-earnings (P/E) method

Another common way to value a company is to multiply its earnings per share by a price-to-earnings (P/E) multiple: the number of years of today's earnings an investor pays for a share. A higher multiple usually means investors expect earnings to grow. Choose a multiple, for example from similar companies, to see the value it gives.

Value per share on three example scenarios, from East West Bancorp's earnings per share of $10.40 (over the last four quarters). Each grows earnings for a year at the cash flow scenarios' rates and applies a multiple to next year's earnings: 12.7×, the middle of East West Bancorp's own P/E today, its peers' median and its sector's median (East West Bancorp's own P/E today) for the base scenario, 20% less and more for the cautious and optimistic ones. The price is brought back a year at 10%, 9% and 8%. Select one to load it into the calculator. These are the model's arithmetic on those assumptions, not a forecast or a price target.

Earnings per share, US$

Diluted earnings per share over the four quarters to June 30, 2026, from the 10-Qs and 10-K.

P/E multiple

P/E today is the last close divided by the latest earnings per share, the four quarters' where available. Peers: Wintrust Financial, South State Bank, UMB Financial, Old National Bank.

Earnings growth in the years ahead (% a year) Starts at East West Bancorp's revenue growth over the last 3 years, 7.7% a year, as the base scenario does.

Earnings per share in the years ahead, US$

Year 1Year 2Year 3Year 4Year 5

Type your own estimate for any year; the years after it carry on at the growth rate.

Apply the multiple to earnings

A multiple on a future year's earnings gives the price then, brought back to today at the discount rate below.

Discount rate (% a year) The yearly return an investor wants for the risk, as in the cash flow model.

Value per share today at this multiple

—

Last close, October 26, 2026: $131.77
Value at this multiple, against the last close: —
East West Bancorp's P/E at the last close: 12.7×

Company	Last close	Earnings per share	P/E today
Old National BankONB	$25.03	$1.95	12.8×
East West BancorpEWBC	$131.77	$10.40	12.7×
Wintrust FinancialWTFC	$151.17	$12.45	12.1×
UMB FinancialUMBF	$134.26	$12.03	11.2×
South State BankSSB	$105.40	$9.51	11.1×

How the P/E method works. Value per share is earnings per share times the multiple. On a future year's earnings, that gives the price in that year, which is brought back to today at the discount rate: price ÷ (1 + discount rate) for each year ahead. It is quick and easy to compare across companies, but it ignores debt and cash, and earnings can swing with one-off gains and charges, so a multiple says most about steady, profitable businesses. Like the cash flow model, the result depends entirely on the assumptions you choose. It is not a forecast, a price target or a recommendation.

Balance sheet

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Loans, net	—	—	51,542	53,025	56,068
Deposits	53,350	55,968	56,092	63,175	67,083
Loans to deposits	—	—	91.9%	83.9%	83.6%
Provision for credit losses	−35	74	125	174	160
Provision to average loans	—	—	—	0.3%	0.3%
Total assets	60,871	64,112	69,613	75,976	80,435
Shareholders' equity	5,837	5,985	6,951	7,723	8,899

US$ millions unless stated, at each fiscal year end.

Insider trades

Over the 12 months between October 27, 2025 and October 26, 2026, no insider bought East West Bancorp shares on the open market, and 9 insiders sold $27.4 million.

Date	Insider	Trade	Shares	Price	Value	Filing
Sep 8, 2026	Manuel Pham AlvarezDirector	Sold	810	$130.40	$105,624	Form 4
Aug 12, 2026	Jack C LiuDirector	Sold	1,000	$135.02	$135,020	Form 4
Aug 6, 2026	Douglas Paul KrauseVice Chairman	Sold	10,000	$132.37	$1.3 million	Form 4
Jun 15, 2026	Irene H OhChief Risk Officer	Sold	800	$133.19	$106,552	Form 4
Jun 12, 2026	Irene H OhChief Risk Officer	Sold	500	$132.50	$66,250	Form 4
Jun 11, 2026	Irene H OhChief Risk Officer	Sold	11,211	$129.00	$1.4 million	Form 4
May 27, 2026	Douglas Paul KrauseVice Chairman	Sold	10,000	$123.50	$1.2 million	Form 4
May 6, 2026	Dominic NgChief Executive Officer, Director	Sold	30,000	$125.31	$3.8 million	Form 4
May 5, 2026	Dominic NgChief Executive Officer, Director	Sold	30,000	$123.49	$3.7 million	Form 4
Apr 30, 2026	Archana DeskusDirector	Sold	1,800	$125.55	$225,990	Form 4
Feb 6, 2026	Gary TeoExecutive Vice President	Sold	7,000	$122.59	$858,130	Form 4
Feb 6, 2026	Molly CampbellDirector	Sold	1,800	$122.81	$221,058	Form 4

The latest 12 of 23 trades. Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Compare

Put East West Bancorp side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Net margin	Return on equity	Return on tangible equity	Efficiency ratio	Compare
East West Bancorp	FY25	12.2%	45.2%	15.9%	16.9%	35.7%
Wintrust Financial	FY25	11.2%	30.2%	12.1%	13.1%	55.5%	Compare
South State Bank	FY25	56.1%	29.8%	10.7%	16.9%	56.7%	Compare
UMB Financial	FY25	62.8%	26.5%	12.6%	15.5%	61.2%	Compare
Old National Bank	FY25	33.9%	26.5%	9.0%	13.4%	58.8%	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	1,215	1,443	1,604	1,690	1,613	1,818	2,344	2,605	2,614	2,932
Revenue growth	7.2%	18.8%	11.2%	5.4%	−4.6%	12.7%	29.0%	11.1%	0.3%	12.2%
Net interest income	1,033	1,185	1,386	1,468	1,377	1,532	2,046	2,312	2,279	2,553
Noninterest income	182	258	217	222	236	286	299	293	335	379
Noninterest expense	615	662	721	748	716	796	859	1,021	958	1,046
Provision for credit losses	28	46	64	99	211	−35	74	125	174	160
Net income	432	506	704	674	568	873	1,128	1,161	1,166	1,325
Diluted EPS (US$)	2.97	3.47	4.81	4.61	3.97	6.10	7.92	8.18	8.33	9.52
Diluted shares (millions)	145	146	146	146	143	143	142	142	140	139
Payouts
Dividends paid	116	117	126	155	158	189	228	275	308	334
Share buybacks	0	0	0	0	146	0	100	82	143	116
Balance sheet at fiscal year end
Loans, net	25,243	28,689	32,074	34,420	—	—	—	51,542	53,025	56,068
Deposits	29,891	31,615	35,440	37,324	44,863	53,350	55,968	56,092	63,175	67,083
Total assets	34,789	37,122	41,042	44,196	52,157	60,871	64,112	69,613	75,976	80,435
Shareholders' equity	3,428	3,842	4,424	5,018	5,269	5,837	5,985	6,951	7,723	8,899
Ratios
Return on equity	13.2%	13.9%	17.0%	14.3%	11.0%	15.7%	19.1%	17.9%	15.9%	15.9%
Return on tangible common equity	15.4%	16.0%	19.2%	15.8%	12.1%	17.2%	20.7%	19.4%	17.0%	16.9%
Return on assets	1.3%	1.4%	1.8%	1.6%	1.2%	1.5%	1.8%	1.7%	1.6%	1.7%
Efficiency ratio	50.6%	45.8%	45.0%	44.2%	44.4%	43.8%	36.6%	39.2%	36.6%	35.7%

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: East West Bancorp's Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with East West Bancorp.