East West Bancorp reported record third-quarter 2026 results, with net income of $382 million, up 5% from the prior quarter, and diluted EPS of $2.76. Total revenue rose 4% to $823 million, led by a 5% increase in net interest income to $719 million and a net interest margin of 3.49%. Total deposits grew $1.4 billion to $71.5 billion, while total loans rose 1% to $59.7 billion, driven by residential mortgage and multifamily lending. Net charge-offs were $22 million, and management raised its full-year net interest income growth guidance to 9% to 10% and narrowed its net charge-off guidance to 15 to 20 basis points. The bank also flagged a slight rise in criticized C&I loans and warned that higher rates could push customers to shift away from noninterest-bearing deposits.
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East West Bancorp (NASDAQ: EWBC) reported record third-quarter 2026 revenue of $823 million and record net interest income of $719 million, with net income of $382 million and diluted EPS of $2.76, each up 5% from the prior quarter. Net interest margin widened 6 basis points to 3.49% as deposit costs fell, while total deposits reached $71.5 billion and total loans $59.7 billion, led by residential mortgage and multifamily growth. Management raised its full-year net interest income growth outlook to 9% to 10% and narrowed its net charge-off guidance to 15 to 20 basis points, citing solid year-to-date performance. Criticized C&I loans rose slightly, and management warned that higher rates could prompt customers to reassess how much they pay in opportunity costs, potentially reducing noninterest-bearing deposits.
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