East West Bancorp reported record third quarter 2026 financial results, characterized by all-time highs in revenue, net income, and earnings per share. The bank achieved significant balance sheet growth with record loans of $59.7 billion and deposits of $71.5 billion, while maintaining industry-leading profitability metrics including a 17.2% return on average tangible common equity.
Key Highlights
- Record total revenue of $823 million increased 4% sequentially, driven by record net interest income of $719 million.
- Net interest margin expanded by 6 basis points quarter-over-quarter to 3.49%, slightly exceeding analyst expectations of 3.48%.
- Total deposits reached a record $71.5 billion, supported by a nearly 15% year-over-year increase in noninterest-bearing demand deposits.
- Asset quality remains resilient with net charge-offs decreasing to 0.15% annualized, although the provision for credit losses was raised to $45 million to bolster the allowance for loan losses.