East West Bancorp, Inc. reported a net income of $290.3 million for the first quarter of 2025, reflecting a slight increase of 1% from $285.1 million in the same period of 2024. The company's earnings per share rose to $2.10, up from $2.04 year-over-year. Total revenue for the quarter reached $692.3 million, a 7.6% increase compared to $643.6 million in the prior year, driven by a 6% rise in net interest income before provision for credit losses, which amounted to $600.2 million, and a 17% increase in noninterest income, totaling $92.1 million.
The company experienced a notable increase in its provision for credit losses, which rose to $49 million from $25 million in the previous year, attributed to net loan growth and a cautious economic outlook amid inflation and high-interest rates. Total loans held-for-investment increased to $54.3 billion, up from $53.7 billion at the end of 2024, with a significant portion of the growth coming from commercial and industrial loans. The allowance for loan losses also increased to $734.9 million, reflecting a proactive approach to managing credit risk.
In terms of operational metrics, East West Bancorp's total assets grew to $76.2 billion, up from $75.9 billion at the end of 2024. The company reported a loan-to-deposit ratio of 86%, consistent with the previous quarter. The bank's capital position remained strong, with stockholders' equity increasing to $7.9 billion, up from $7.7 billion, and a common equity tier 1 capital ratio of 14.3%, well above regulatory requirements.
Strategically, East West Bancorp continues to focus on expanding its presence in both the U.S. and Asia, leveraging its extensive branch network. The company has also been active in managing its interest rate risk through various hedging strategies, including interest rate swaps and collars. Looking ahead, the company remains cautious about the economic environment, particularly regarding inflation and potential recession risks, while continuing to monitor its credit quality and loan performance closely.
About EAST WEST BANCORP INC
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