East West Bancorp, Inc. (EWBC) financial statements (2020 and earlier)

Company profile

Business Address 135 N. LOS ROBLES AVE. 7TH FLOOR
PASADENA, CA 91101
State of Incorp.
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,0423,0012,1751,8791,6611,3791,153
Cash and cash equivalents3,0423,0012,1751,8791,3611,040896
Short-term investments    300339257
Disposal group, including discontinued operation     46 
Total current assets:3,0423,0012,1751,8791,6611,4251,153
Noncurrent Assets
Operating lease, right-of-use asset104
Property, plant and equipment121119121160167181178
Long-term investments and receivables      165
Long-term investments      165
Intangible assets, net (including goodwill)466466469497506515384
Goodwill466466469469469469337
Intangible assets, net (excluding goodwill)   28364547
Amortization method qualified affordable housing project investments190185163184194
Total noncurrent assets:880770753841866696727
Other undisclosed assets39,35237,27134,22232,06929,82426,61822,850
TOTAL ASSETS:43,27541,04237,15034,78932,35128,73824,730
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt48585060 795 
Total current liabilities:48585060 795 
Noncurrent Liabilities
Long-term debt and lease obligation152      
Other undisclosed long-term debt and lease obligation152      
Liabilities, other than long-term debt6681565762  
Qualified affordable housing project investments, commitment6681565762
Total noncurrent liabilities:21981565762  
Other undisclosed liabilities38,12636,48033,20231,24429,16625,09222,366
Total liabilities:38,39236,61833,30831,36129,22825,88722,366
Stockholders' equity
Stockholders' equity attributable to parent4,8834,4243,8423,4283,1232,8512,364
Common stock0000000
Treasury stock, value(479)(468)(452)(439)(436)(430)(537)
Additional paid in capital1,8171,7901,7551,7271,7011,6781,572
Accumulated other comprehensive income (loss)(1)(58)(38)(48)(15)4(30)
Retained earnings3,5463,1602,5762,1881,8731,5991,360
Total stockholders' equity:4,8834,4243,8423,4283,1232,8512,364
TOTAL LIABILITIES AND EQUITY:43,27541,04237,15034,78932,35128,73824,730

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,8111,5941,2771,1501,1261,170 
Net investment income1,8071,5881,2311,0669881,080 
Cost of revenue(98)(64)(46)(27)(14)(49)(18)
Provision for loan, lease, and other losses(98)(64)
Financial services costs(46)(27)(14)(49)(18)
Gross profit:1,7131,5301,2311,1231,1121,120(18)
Operating expenses(99)(64)(368)(407)(377)(404)(210)
Other operating income, net
(Noninterest Income, Other Operating Income)
14111930281935
Operating income (loss):1,6281,476882746763736(193)
Nonoperating income  8992216
Investment income, nonoperating  810 11 
Foreign currency transaction gain, before tax     1113
Bank owned life insurance income      4
Profit (loss) from real estate operations   (1)9  
Interest and debt expense(403)(265)(140)(105)(125)(113)(112)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    (68)(230)715
Income from continuing operations before equity method investments, income taxes:1,2241,211750650579415426
Other undisclosed loss from continuing operations before income taxes(395)(392)(15)(78)   
Income from continuing operations before income taxes:830819735572579415426
Income tax expense(171)(115)(229)(141)(194)(73)(131)
Net income attributable to parent:659704506432385342295
Preferred stock dividends and other adjustments      (3)
Net income available to common stockholders, basic:659704506432385342292
Other undisclosed net income (loss) available to common stockholders, diluted    (0)(0)2
Net income available to common stockholders, diluted:659704506432385342294

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:659704506432385342295
Other comprehensive income (loss)    (19)35(35)
Comprehensive income:659704506432365377260
Other undisclosed comprehensive income (loss), net of tax, attributable to parent89(14)11(33)   
Comprehensive income, net of tax, attributable to parent:748689516398365377260

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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