Q1 2026 East West Bancorp Inc Earnings Call Transcript
Key Points
- East West Bancorp Inc (EWBC) reported a record quarter for loans, deposits, and fee income, with total deposits growing by 9% year over year.
- Noninterest-bearing deposits increased by nearly $800 million, showcasing strong growth driven by retail and small business customers.
- The company achieved a 12% year-over-year growth in fee income, with significant contributions from wealth management and deposit-related fees.
- Credit performance remained stable with low net charge-offs and non-performing assets, reflecting disciplined risk management.
- East West Bancorp Inc (EWBC) maintained a strong capital position with a tangible capital ratio of 10.3% and a common equity Tier 1 capital ratio of 15.1%.
- Residential mortgage growth was slower than expected in the first quarter, although pipelines are expected to improve in the second quarter.
- The competitive landscape for deposits remains challenging, with pricing pressure expected to continue due to a flat rate environment.
- Despite strong loan growth, the company maintained a conservative loan growth guidance of 5% to 7% for the full year.
- There was an increase in the provision for credit losses to $36 million in the first quarter, up from $30 million in the previous quarter.
- The company faces ongoing pressure to manage deposit costs effectively, as the environment for deposit pricing remains competitive.
Good day and welcome to the East West Bancorp's first-quarter 2026 earnings call.
(Operator Instructions) Please note this event is being recorded.
I would now like to turn the conference over to Adrienne Atkinson, Director of Investor Relations. Please go ahead.
Thank you, operator. Good afternoon and thank you, everyone, for joining us to review East West Bancorp's first-quarter 2026 financial results.
With me are Dominic Ng, Chairman and Chief Executive Officer; Chris Del Moral-Niles, Chief Financial Officer; and Irene Oh, our Chief Risk Officer.
This call is being recorded and will be available for replay on our Investor Relations website. The slide deck referenced during this call is available on our Investor Relations site.
Management may make projections or other forward-looking statements, which may differ materially from the actual results due to a number of risks and uncertainties. Management may discuss non
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