East West Bancorp (EWBC) AGM 2025 summary

Opening remarks and agenda

• A quorum was present; the formal agenda covered director elections, an advisory vote on 2024 executive compensation, and ratification of KPMG as independent auditor for 2025.

Financial performance review

• FY2024 set records for revenue, fee income, net income, EPS, loans, and deposits; deposit growth exceeded $7 billion while asset quality remained strong.

• FY2024 return on average tangible common equity was 17%, return on average assets was 1.6%, and operating efficiency was described as best in class.

• Q1 2025 end-of-period loans rose 1% QoQ to a record $54 billion; fee income also reached a record, and assets exceeded $76 billion.

• Over the past four years, tangible book value per share grew 12% and dividends per share grew 19% annualized; 1-, 3-, and 5-year total shareholder returns exceeded the peer median.

Board and executive committee updates

• All director nominees received support from holders of more than a majority of shares and were elected to serve until their successors are elected and qualified.