East West Bancorp, Inc. (Nasdaq: EWBC) reported record financial results for the third quarter of 2026. The company announced net income of $382 million, or $2.76 per diluted share, for the three months ended September 30, 2026. This represents a 5% increase from the second quarter of 2026 and a 4% increase from the same period in the prior year.
Total revenue reached a record $823 million for the quarter, a 4% increase from the prior quarter. Net interest income totaled $719 million, up 5% from the second quarter. The company’s return on average assets was 1.79%, while return on average common equity was 16.3%.
On the balance sheet, total assets stood at $86.0 billion as of September 30, 2026. Total loans reached a record $59.7 billion, and total deposits reached a record $71.5 billion. Noninterest-bearing demand deposits increased nearly 15% year-over-year. The company’s efficiency ratio improved to 34.4% in the third quarter.
Asset quality metrics remained solid. The allowance for loan losses was $865 million, or 1.45% of loans held-for-investment. Net charge-offs were $22 million, or 0.15% annualized. The nonperforming assets ratio was 0.30% of total assets.
The company’s Board of Directors declared a fourth quarter 2026 cash dividend of $0.80 per share, payable on November 17, 2026, to shareholders of record as of November 2, 2026. East West did not repurchase any shares of common stock during the third quarter of 2026, with $117 million of share repurchase authorization remaining available.
