East West Bancorp (EWBC) Q2 2026 earnings summary

Executive summary

• Achieved net income of $358 million and diluted EPS of $2.57 in 1Q26, up 23% year-over-year.

• End-of-period deposits grew 9% year-over-year, with strong contributions from both consumer and commercial customers.

• End-of-period loans increased 7% year-over-year, driven by capital call line utilization.

• Maintained best-in-class efficiency with a 36.2% efficiency ratio.

• Repurchased $98 million in shares and declared a $0.80 dividend for 2Q26.

Financial highlights

• Net interest income (NII) reached $671 million, up 12% year-over-year.

• Record fee income of $99 million, up 12% year-over-year and 13% sequentially.

• Book value per share increased 14% year-over-year; tangible book value per share up 15%.

• Tangible common equity (TCE) ratio at 10.3% as of 1Q26.

• Return on average common equity (ROACE) at 16%, return on average tangible common equity (ROTCE) at 17%.

Outlook and guidance

• Management expects end-of-period loans to grow 5% to 7% year-over-year in 2026.

• Net interest income projected to grow 6% to 8% year-over-year.

• Operating noninterest expense expected to rise 7% to 9% year-over-year.

• Net charge-offs anticipated in the range of 15 to 25 basis points.

• Effective tax rate forecasted between 22% and 23%.