PASADENA, Calif.--(BUSINESS WIRE)-- East West Bancorp, Inc. (EWBC), parent company of East West Bank, the financial bridge between the United States and Greater China, today reported financial results for the second quarter of 2012. For the second quarter of 2012, net income was $70.6 million or $0.47 per dilutive share. East West increased second quarter net income by $10.0 million or 17% and increased earnings per dilutive share $0.08 or 21% from the prior year period.

Net income for East West for the second quarter of 2012 totaled $70.6 million or $0.47 per share, an increase in earnings per share of 21% compared to the prior year period, stated Dominic Ng, Chairman and Chief Executive Officer of East West. East Wests strong financial results for the second quarter are the result of our ability to drive growth and generate strong operating performance quarter after quarter. During the second quarter of 2012, we continued to focus on growing both noncovered loans and low-cost core deposits, and reducing credit costs. Since March 31, 2012, we grew our noncovered commercial and trade finance loans by $180.0 million or 6%, and increased core deposits by $476.9 million or 5% to $11.0 billion.

Ng continued, The increase in East Wests profitability is due to our success in growing key loan and deposit portfolios, combined with reduced credit costs and strong expense management. During the second quarter of 2012, the provision for loan losses decreased to $15.5 million and net charge-offs totaled $11.7 million, a decrease of 42% and 63%, respectively, from prior year. Nonperforming assets continued to decline, decreasing to $155.7 million or 0.72% of total assets as of June 30, 2012. Further, the efficiency ratio also improved during the second quarter, decreasing from 44% in the first quarter of 2012 to 42%.

East West continues to outperform peers and the industry, despite the challenging operating environment. We believe that our strong results quarter after quarter demonstrate that our differentiating focus as the premier financial bridge between East and West, provides us with exceptional opportunities to win new customers and strengthen relationships with existing customers. We are pleased with our operating results for the second quarter of 2012 and are excited about future opportunities to grow our business, increase earnings and return strong value to our shareholders, concluded Ng.

Quarterly Results Summary
			For the three months ended,
Dollars in millions, except per share			June 30, 2012					March 31, 2012					June 30, 2011
Net income			$	70.56				$	68.08				$	60.53
Net income available to common shareholders			$	68.84				$	66.37				$	58.81
Earnings per share (diluted)				0.47					0.45					0.39
Return on average assets				1.32	%				1.26	%				1.12	%
Return on average common equity				12.46	%				12.01	%				11.06	%
Net interest margin, adjusted(1)				4.01	%				4.21	%				4.03	%
Cost of deposits				0.45	%				0.47	%				0.70	%
Efficiency ratio				41.54	%				44.07	%				43.95	%

Second Quarter 2012 Highlights

• Strong Second Quarter Earnings For the second quarter of 2012, net income was $70.6 million or $0.47 per dilutive share. Net income grew 4% or $2.5 million from the first quarter of 2012 and 17% or $10.0 million from the second quarter of 2011. Earnings per dilutive share grew 4% or $0.02 from the first quarter of 2012 and 21% or $0.08 from the second quarter of 2011.
• Repurchase of 2.2 Million Shares of Common Stock During the second quarter of 2012, we repurchased 2.2 million shares of our common stock at a weighted average price of $21.95 per share.
• Strong Loan Growth Quarter to date, noncovered loans, excluding loans held for sale, grew $296.8 million or 3%. This growth was largely due to increases in commercial and trade finance loans, and single family loans, which grew $180.0 million or 6% and $64.8 million or 3%, respectively from March 31, 2012.
• Strong Core Deposit Growth Core deposits increased $476.9 million or 5% to a record $11.0 billion or 64% of total deposits. Total deposits remained unchanged at $17.3 billion, as we continued our strategy to reduce reliance on higher cost time deposits.
• Cost of Funds Down 4 bps from Q1 2012 and Down 29 bps from Q2 2011 The cost of funds improved 4 basis points from the first quarter of 2012 and 29 basis points from the second quarter of 2011 to 0.71% for the second quarter of 2012. Our cost of deposits improved 2 basis points from the first quarter of 2012 and 25 basis points from the second quarter of 2011 to 0.45% for the second quarter of 2012.
• Efficiency Ratio Improves to 41.54% For the second quarter of 2012, the efficiency ratio improved to 41.54% from 44.07% in the first quarter of 2012 and 43.95% in the second quarter of 2011.
• Nonperforming Assets Down to 0.72% of Total Assets Nonperforming assets decreased to $155.7 million, or 0.72% of total assets at June 30, 2012, an $11.5 million or 7% decrease from March 31, 2012 and a $25.5 million or 14% decrease from June 30, 2011.

Management Guidance

The Company is providing guidance for the third quarter and full year of 2012. Management currently estimates that fully diluted earnings per share for the full year of 2012 will range from $1.84 to $1.86, an increase of 15% to 16% from the full year of 2011. Also, this updated guidance for the full year of 2012 is an increase of approximately $0.05 per dilutive share from our previously released guidance.

Management currently estimates that fully diluted earnings per share for the third quarter of 2012 will range from $0.45 to $0.47 per dilutive share. This EPS guidance for the third quarter of 2012 is based on the following assumptions:

• Stable balance sheet
• A stable interest rate environment and an adjusted net interest margin of approximately 4.00%¹
• Provision for loan losses of approximately $12 to $15 million for the quarter
• Total noninterest expense of approximately $100 million for the quarter, net of amounts to be reimbursed by the FDIC
• Effective tax rate of approximately 35%

Balance Sheet Summary

At June 30, 2012, total assets equaled $21.5 billion compared to $21.7 billion at March 31, 2012. Average earning assets decreased slightly during the second quarter of 2012, down $14.1 million compared to the prior quarter. The small decrease in total assets and average earning assets during the second quarter was primarily attributable to a decrease in investment securities of $833.0 million, due to sales, calls and maturities, offset by purchases. As of June 30, 2012, excess cash from these activities had not yet been reinvested, resulting in an increase in cash and cash equivalents of $793.8 million.

Total loans receivable at June 30, 2012 equaled $14.3 billion, compared to $14.5 billion as of March 31, 2012. During the second quarter noncovered loan balances excluding loans held for sale, grew $296.8 million or 3%. This growth was largely due to increases in commercial and trade finance loans, and single family loans, which grew $180.0 million or 6% and $64.8 million or 3%, respectively.

Covered Loans

Covered loans totaled $3.4 billion as of June 30, 2012, a decrease of $267.1 million or 7% from March 31, 2012. The decrease in the covered loan portfolio was primarily due to payoffs and paydown activity, as well as charge-offs.

The covered loan portfolio is comprised of loans acquired from the FDIC-assisted acquisitions of United Commercial Bank (UCB) and Washington First International Bank (WFIB) which are covered under loss share agreements with the FDIC. During the second quarter of 2012, we recorded a net decrease in the FDIC indemnification asset and receivable included in noninterest (loss)/income of ($40.3) million, largely due to continued improved credit performance of the UCB portfolio as compared to our original estimate.

Deposits and Borrowings

At June 30, 2012, total deposits equaled $17.3 billion, unchanged from March 31, 2012. In the second quarter of 2012, we continued to execute our strategy to grow low-cost, commercial deposits while reducing our reliance on higher cost time deposits. Core deposits increased to a record $11.0 billion at June 30, 2012, or an increase of $476.9 million or 5% from March 31, 2012. Time deposits decreased by $473.6 million or 7% from March 31, 2012 to $6.3 billion at June 30, 2012.

During the second quarter of 2012, the Company prepaid $30.0 million of FHLB advances carrying an effective interest rate of 2.43%, incurring a prepayment penalty of $2.3 million, which is included in noninterest expense.

Second Quarter 2012 Operating Results

Net Interest Income

Net interest income, adjusted for the net impact of covered loan dispositions, totaled $194.7 million for the second quarter of 2012, a decrease of $9.5 million from $204.2 million in the prior quarter.¹ The core net interest margin, excluding the net impact to interest income of $38.5 million resulting from covered loan activity and amortization of the FDIC indemnification asset, totaled 4.01% for the second quarter of 2012. This compares to a core net interest margin, excluding the net impact to interest income of $14.7 million resulting from covered loan activity and amortization of the FDIC indemnification asset, of 4.21% for the first quarter of 2012.¹

The decrease in the core net interest margin in the second quarter of 2012 compared to the first quarter of 2012 is primarily due to the larger impact of covered loan dispositions and amortization activity in the second quarter and the continued downward repricing of the investment securities and loan portfolios. The extended low interest rate environment continues to be a challenge for East West and the rest of the banking industry. East West continues to look for opportunities to minimize our cost of funds and maximize our asset yields, while also ensuring prudent interest rate risk management. In the second quarter of 2012, East West prepaid $30.0 million of FHLB advances at an average effective cost of 2.43%. The cost of funds decreased 4 basis points from 0.75% in the first quarter of 2012 to 0.71% in the second quarter of 2012.

The reduction in the cost of funds and interest expense is primarily due to managements ongoing actions to reduce high-cost time deposits and grow core deposits. During the second quarter, the Company reduced both the balance of time deposits by 7% and also the average cost of time deposits, which decreased from 0.88% in the first quarter of 2012 to 0.84% in the second quarter of 2012. In addition, the Company increased core deposit balances by 5%, quarter over quarter. These combined actions resulted in an overall reduction in the cost of deposits of 2 basis points to 0.45% for the second quarter of 2012 from 0.47% in the prior quarter.

Management expects to maintain a relatively stable net interest margin and expects the adjusted net interest margin to be approximately 4.00% for the third quarter of 2012.

Noninterest (Loss)/Income & Expense

The Company reported total noninterest (loss) for the second quarter of 2012 of ($11.7) million, a decrease from noninterest income of $21.7 million in the first quarter of 2012 and $12.5 million in the second quarter of 2011. The decrease in noninterest income from the prior quarter and prior year is primarily attributable to an increase in the net reduction of the FDIC indemnification asset and FDIC receivable.

Branch fees, letter of credit and foreign exchange income, ancillary loan fees and other operating income increased and totaled $22.2 million in the second quarter of 2012, as compared to $21.6 million in the first quarter of 2012 and $22.1 million in the second quarter of 2011. In addition, included in noninterest (loss) for the second quarter of 2012 were net gains on sales of loans of $6.4 million, and net gains on sales of investment securities of $71 thousand. A summary of fees and other income for the second quarter of 2012, compared to the first quarter of 2012 and second quarter of 2011, is detailed below:

			Quarter Ended												% Change
($ in thousands)			June 30, 2012				March 31, 2012				June 30, 2011				(Yr/Yr)
Branch fees			$	8,641			$	8,294			$	9,078			-5	%
Letters of credit fees and foreign exchange income				5,101				6,071				6,216			-18	%
Ancillary loan fees				2,188				2,008				2,055			6	%
Other operating income				6,277				5,186				4,771			32	%
Total fees & other operating income			$	22,207			$	21,559			$	22,120			0	%

Noninterest expense totaled $101.6 million for the second quarter of 2012, a decrease of $13.2 million from the first quarter of 2012 and $16.0 million from the second quarter of 2011.

Noninterest expense, excluding amounts to be reimbursed by the FDIC on covered assets and prepayment penalties for FHLB advances, totaled $96.6 million for the second quarter of 2012.¹ A summary of noninterest expense for the second quarter 2012, compared to the first quarter of 2012 and second quarter of 2011, is detailed below:

			Quarter ended
($ in thousands)			June 30, 2012				March 31, 2012				June 30, 2011
Total noninterest expense:			$	101,608			$	114,763			$	117,597
Amounts to be reimbursed by the FDIC on covered assets (80% of actual expense amount)				2,683				12,122				13,574
Prepayment penalties for FHLB advances				2,336				1,321				4,433
Noninterest expense excluding reimbursable amounts and prepayment penalties for FHLB advances			$	96,589			$	101,320			$	99,590

Total noninterest expense for the second quarter, excluding amounts to be reimbursed by the FDIC on covered assets and prepayment penalties for FHLB advances, decreased $4.7 million or 5% from the first quarter of 2012 to $96.6 million. The decrease in noninterest expense, excluding amounts to be reimbursed by the FDIC on covered assets and prepayment penalties for FHLB advances, was primarily due to a reduction in compensation and employee benefits. Compensation and employee benefits decreased $3.5 million or 8% from the first quarter of 2012 primarily due to a decrease in payroll taxes and an increase in the offset to compensation expense from deferred loan costs due to an increase in origination volume.

Credit cycle costs, which include other real estate owned expense, loan related expense, and legal expense decreased $9.7 million or 43% from the first quarter 2012, totaling $12.8 million for the second quarter, as compared to $22.5 million for the first quarter 2012 and $25.7 million for the second quarter of 2011. Of the total credit cycle costs incurred in the second quarter, $3.4 million is related to covered loans and other real estate owned for which we expect that 80% or $2.7 million is reimbursable by the FDIC.

Management anticipates that for the third quarter of 2012, noninterest expense will total approximately $100.0 million, net of amounts reimbursable from the FDIC.

The effective tax rate for the second quarter was 32.4% as compared to 36.8% in the prior quarter. The decrease in the effective tax rate for the second quarter of 2012 compared to the first quarter of 2012 was primarily due to a $3.0 million benefit from a settlement with the California Franchise Tax Board. The effective tax rate is reduced from the statutory tax rate primarily due to the utilization of tax credits related to affordable housing investments. The expected effective tax rate for the remainder of 2012 is approximately 35%.

Credit Quality

During the second quarter of 2012, the provision for loan losses and nonperforming assets were lower than the previous quarter and the prior year as a result of continued credit quality improvement. The provision for loan losses was $15.5 million for the second quarter of 2012, a decrease of 14% or $2.6 million from the prior quarter, and a decrease of 42% or $11.0 million as compared to the second quarter of 2011. Additionally, nonaccrual loans excluding covered loans, decreased to $112.4 million or 0.78% of total loans as of June 30, 2012.

Gross charge-offs totaled $14.8 million and recoveries totaled $3.1 million for the second quarter of 2012. Total net charge-offs increased slightly to $11.7 million for the second quarter of 2012, from $10.3 million in the first quarter of 2012 due to the high level of recoveries during the first quarter of 2012. East West continues to maintain a strong allowance for noncovered loan losses at $219.5 million or 2.03% of noncovered loans receivable at June 30, 2012. This compares to an allowance for noncovered loan losses of $214.3 million or 2.04% of noncovered loans at March 31, 2012 and $213.8 million or 2.29% of noncovered loans at June 30, 2011.

The total nonperforming assets, excluding covered assets, to total assets ratio was under 1.00% for the eleventh consecutive quarter with nonperforming assets of $155.7 million or 0.72% of total assets at June 30, 2012.

Capital Strength
(Dollars in millions)
			June 30, 2012			Well Capitalized Regulatory Requirement			Total Excess Above Well Capitalized Requirement
Tier 1 leverage capital ratio			9.7%			5.00%			$	988
Tier 1 risk-based capital ratio			15.7%			6.00%				1,264
Total risk-based capital ratio			17.3%			10.00%				952
Tangible common equity to tangible assets ratio			8.6%			N/A				N/A
Tangible common equity to risk weighted assets ratio			13.9%			N/A				N/A

Our capital ratios remain very strong. As of June 30, 2012, our Tier 1 leverage capital ratio totaled 9.7%, our Tier 1 risk-based capital ratio totaled 15.7% and our total risk-based capital ratio totaled 17.3%. East West exceeds well capitalized requirements for all regulatory guidelines by more than $900 million. The Company is focused on active capital management and is committed to maintaining strong capital levels that exceed regulatory requirements while also supporting balance sheet growth and providing a strong return to our shareholders. During the second quarter of 2012, the Company repurchased 2.2 million shares of common stock at an average price of $21.95 per share, or $49.0 million in total cost. Under the repurchase program authorized by East Wests Board of Directors earlier in the year, management has the authority to repurchase up to a total of $200.0 million of the Companys common stock. As of June 30, 2012, the Company had repurchased a total of 6.8 million shares of common stock under the repurchase program at a total cost of $149.9 million.

Dividend Payout

East Wests Board of Directors has declared third quarter dividends on the common stock and Series A Preferred Stock. The common stock cash dividend of $0.10 is payable on or about August 24, 2012 to shareholders of record on August 10, 2012. The dividend on the Series A Preferred Stock of $20.00 per share is payable on August 1, 2012 to shareholders of record on July 15, 2012.

Conference Call

East West will host a conference call to discuss second quarter 2012 earnings with the public on Thursday, July 19, 2012 at 8:30 a.m. PDT/ 11:30 a.m. EDT. The public and investment community are invited to listen as management discusses second quarter results and operating developments. The following dial-in information is provided for participation in the conference call: Call within the US (877) 317-6789; Call within Canada (866) 605-3852; International call (412) 317-6789. A listen-only live broadcast of the call also will be available on the investor relations page of the Company's website at www.eastwestbank.com.

About East West

East West Bancorp is a publicly owned company with $21.5 billion in assets and is traded on the Nasdaq Global Select Market under the symbol EWBC. The Companys wholly owned subsidiary, East West Bank, is one of the largest independent banks headquartered in California. East West is a premier bank focused exclusively on the United States and Greater China markets and operates over 125 locations worldwide, including in the United States markets of California, New York, Georgia, Massachusetts, Texas and Washington. In Greater China, East Wests presence includes a full service branch in Hong Kong and representative offices in Beijing, Shenzhen and Taipei. Through a wholly-owned subsidiary bank, East Wests presence in Greater China also includes full service branches in Shanghai and Shantou and a representative office in Guangzhou. For more information on East West Bancorp, visit the Company's website at www.eastwestbank.com.

Forward-Looking Statements

Certain matters set forth herein (including any exhibits hereto) constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements relating to the Companys current business plans and expectations regarding future operating results. These forward-looking statements are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from those projected. These risks and uncertainties include, but are not limited to, local, regional, national and international economic, political or industry conditions and events and the impact they may have on us and our customers; our ability to attract deposits and other sources of liquidity; continued deterioration in values of real estate in California and other states where our bank makes loans, both residential and commercial; our ability to manage the loan portfolios acquired from FDIC-assisted acquisitions within the limits of the loss protection provided by the FDIC; changes in the financial performance and/or condition of our borrowers; changes in the level of nonperforming assets, reserve requirements, and charge-offs; the effect of changes in laws, regulations, and accounting standards, and related costs of these changes; inflation, interest rate, securities market and monetary fluctuations; changes in the competitive environment among financial and bank holding companies and other financial service providers; changes in our organization, management; the adequacy of our enterprise risk management framework; the ability to manage our growth and the effect of acquisitions we may make and the integration of acquired businesses and branching efforts; our success at managing the risks involved in the foregoing items and other factors set forth in the Companys public reports including its Annual Report on Form 10-K for the year ended December 31, 2011, and particularly the discussion of risk factors within that document.

¹ See reconciliation of the GAAP financial measure to the non-GAAP financial measure in the tables attached.

EAST WEST BANCORP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except per share amounts)
(unaudited)
				June 30, 2012					March 31, 2012					June 30, 2011
Assets
	Cash and cash equivalents			$	2,459,614				$	1,665,854				$	1,598,498
	Short-term investments				254,714					177,576					85,479
	Securities purchased under resale agreements				675,000					650,000					812,281
	Investment securities				1,873,739					2,706,720					3,206,108
	Loans receivable, excluding covered loans (net of allowance for loan losses of $219,454, $214,253 and $213,825)				10,693,466					10,545,656					9,428,015
	Covered loans, net				3,416,613					3,683,698					4,356,595
	Total loans receivable, net				14,110,079					14,229,354					13,784,610
	Federal Home Loan Bank and Federal Reserve Bank stock				171,971					178,144					197,187
	FDIC indemnification asset				409,287					457,265					637,535
	Other real estate owned, net				43,222					46,343					16,464
	Other real estate owned covered, net				35,577					55,586					123,050
	Premiums on deposits acquired, net				61,480					64,317					73,182
	Goodwill				337,438					337,438					337,438
	Other assets				1,093,613					1,181,185					1,000,876
	Total assets			$	21,525,734				$	21,749,782				$	21,872,708
Liabilities and Stockholders' Equity
	Deposits			$	17,341,872				$	17,338,569				$	17,135,753
	Federal Home Loan Bank advances				362,885					394,719					532,951
	Securities sold under repurchase agreements				995,000					995,000					1,052,615
	Long-term debt				212,178					212,178					225,261
	Other borrowings				-					-					29,924
	Accrued expenses and other liabilities				318,859					526,019					666,872
	Total liabilities				19,230,794					19,466,485					19,643,376
	Stockholders' equity				2,294,940					2,283,297					2,229,332
	Total liabilities and stockholders' equity			$	21,525,734				$	21,749,782				$	21,872,708
	Book value per common share			$	15.51				$	15.19				$	14.43
	Number of common shares at period end				142,646					144,871					148,751
	Ending Balances
				June 30, 2012					March 31, 2012					June 30, 2011
Loans receivable
	Real estate - single family			$	2,017,877				$	1,953,123				$	1,286,235
	Real estate - multifamily				912,941					916,753					950,981
	Real estate - commercial				3,444,957					3,454,641					3,408,560
	Real estate - land and construction				299,740					322,233					420,069
	Commercial				3,418,636					3,238,605					2,684,472
	Consumer				700,719					612,758					588,940
	Total noncovered loans receivable, excluding loans held for sale				10,794,870					10,498,113					9,339,257
	Loans held for sale				137,812					280,830					326,841
	Covered loans, net				3,416,613					3,683,698					4,356,595
	Total loans receivable				14,349,295					14,462,641					14,022,693
Unearned fees, premiums and discounts					(19,762	)				(19,034	)				(24,258	)
Allowance for loan losses on noncovered loans					(219,454	)				(214,253	)				(213,825	)
	Net loans receivable			$	14,110,079				$	14,229,354				$	13,784,610
Deposits
	Noninterest-bearing demand			$	3,828,116				$	3,690,131				$	3,151,660
	Interest-bearing checking				1,044,439					967,772					792,330
	Money market				4,913,524					4,668,156					4,311,583
	Savings				1,254,072					1,237,190					1,099,065
	Total core deposits				11,040,151					10,563,249					9,354,638
	Time deposits				6,301,721					6,775,320					7,781,115
	Total deposits			$	17,341,872				$	17,338,569				$	17,135,753

EAST WEST BANCORP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share amounts)
(unaudited)
				Quarter Ended
				June 30, 2012					March 31, 2012					June 30, 2011
Interest and dividend income				$	266,362				$	254,050				$	274,468
Interest expense					(33,205	)				(35,132	)				(47,132	)
Net interest income before provision for loan losses					233,157					218,918					227,336
Provision for loan losses					(15,500	)				(18,100	)				(26,500	)
Net interest income after provision for loan losses					217,657					200,818					200,836
Noninterest (loss) income					(11,655	)				21,740					12,491
Noninterest expense					(101,608	)				(114,763	)				(117,597	)
Income before provision for income taxes					104,394					107,795					95,730
Provision for income taxes					33,837					39,712					35,205
Net income					70,557					68,083					60,525
Preferred stock dividend					(1,714	)				(1,714	)				(1,714	)
Net income available to common stockholders				$	68,843				$	66,369				$	58,811
Net income per share, basic				$	0.48				$	0.46				$	0.40
Net income per share, diluted				$	0.47				$	0.45				$	0.39
Shares used to compute per share net income:
- Basic					142,107					145,347					147,011
- Diluted					147,786					151,996					153,347
				Quarter Ended
				June 30, 2012					March 31, 2012					June 30, 2011
Noninterest (loss) income:
Branch fees				$	8,641				$	8,294				$	9,078
Decrease in FDIC indemnification asset and FDIC receivable					(40,345	)				(5,418	)				(18,806	)
Net gain on sales of loans					6,375					5,179					5,891
Letters of credit fees and foreign exchange income					5,101					6,071					6,216
Net gain on sales of investment securities					71					483					1,117
Net gain on sale of fixed assets					37					36					2,169
Impairment loss on investment securities					-					(99	)				-
Ancillary loan fees					2,188					2,008					2,055
Other operating income					6,277					5,186					4,771
Total noninterest (loss) income:				$	(11,655	)			$	21,740				$	12,491
Noninterest expense:
Compensation and employee benefits				$	42,863				$	46,409				$	40,870
Occupancy and equipment expense					13,057					13,518					12,175
Loan related expenses					4,175					4,481					4,284
Other real estate owned expense					4,486					10,865					14,585
Deposit insurance premiums and regulatory assessments					3,323					3,992					6,833
Prepayment penalties for FHLB advances					2,336					1,321					4,433
Legal expense					4,150					7,173					6,791
Amortization of premiums on deposits acquired					2,838					2,873					3,151
Data processing					2,197					2,464					2,100
Consulting expense					1,568					1,467					2,378
Amortization of investments in affordable housing partnerships					4,425					4,466					4,598
Other operating expense					16,190					15,734					15,399
Total noninterest expense				$	101,608				$	114,763				$	117,597

EAST WEST BANCORP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share amounts)
(unaudited)
				Year To Date
				June 30, 2012					June 30, 2011
Interest and dividend income				$	520,412				$	528,803
Interest expense					(68,337	)				(92,633	)
Net interest income before provision for loan losses					452,075					436,170
Provision for loan losses					(33,600	)				(53,006	)
Net interest income after provision for loan losses					418,475					383,164
Noninterest income					10,085					23,532
Noninterest expense					(216,371	)				(224,386	)
Income before provision for income taxes					212,189					182,310
Provision for income taxes					73,549					65,714
Net income					138,640					116,596
Preferred stock dividend					(3,428	)				(3,429	)
Net income available to common stockholders				$	135,212				$	113,167
Net income per share, basic				$	0.93				$	0.77
Net income per share, diluted				$	0.92				$	0.76
Shares used to compute per share net income:
- Basic					143,727					146,937
- Diluted					149,414					153,349
				Year To Date
				June 30, 2012					June 30, 2011
Noninterest income:
Branch fees				$	16,935				$	16,832
Decrease in FDIC indemnification asset and FDIC receivable					(45,763	)				(36,249	)
Net gain on sales of loans					11,554					13,301
Letters of credit fees and foreign exchange income					11,172					11,186
Net gain on sales of investment securities					554					3,632
Net gain on sale of fixed assets					73					2,206
Impairment loss on investment securities					(99	)				(464	)
Ancillary loan fees					4,196					4,046
Other operating income					11,463					9,042
Total noninterest income				$	10,085				$	23,532
Noninterest expense:
Compensation and employee benefits				$	89,272				$	79,140
Occupancy and equipment expense					26,575					24,773
Loan related expenses					8,656					7,383
Other real estate owned expense					15,351					25,249
Deposit insurance premiums and regulatory assessments					7,315					14,024
Prepayment penalties for FHLB advances					3,657					8,455
Legal expense					11,323					10,892
Amortization of premiums on deposits acquired					5,711					6,336
Data processing					4,661					4,703
Consulting expense					3,035					4,004
Amortization of investments in affordable housing partnerships					8,891					9,123
Other operating expense					31,924					30,304
Total noninterest expense				$	216,371				$	224,386

EAST WEST BANCORP, INC.
SELECTED FINANCIAL INFORMATION
(In thousands)
(unaudited)
		Average Balances			Quarter Ended
					June 30, 2012					March 31, 2012					June 30, 2011
Loans receivable
		Real estate - single family			$	1,991,863				$	1,878,028				$	1,231,774
		Real estate - multifamily				914,223					931,252					950,687
		Real estate - commercial				3,458,288					3,482,459					3,393,361
		Real estate - land and construction				313,992					349,953					457,337
		Commercial				3,278,965					3,180,433					2,450,510
		Consumer				785,341					858,087					935,081
		Total loans receivable, excluding covered loans				10,742,672					10,680,212					9,418,750
		Covered loans				3,572,300					3,853,488					4,487,610
		Total loans receivable				14,314,972					14,533,700					13,906,360
Investment securities						2,487,725					2,962,521					3,220,795
Earning assets						19,508,910					19,523,046					19,402,968
Total assets						21,527,394					21,690,453					21,574,103
Deposits
		Noninterest-bearing demand			$	3,724,399				$	3,546,201				$	2,935,704
		Interest-bearing checking				978,085					962,967					793,349
		Money market				4,831,665					4,665,731					4,374,404
		Savings				1,232,663					1,183,325					1,034,486
		Total core deposits				10,766,812					10,358,224					9,137,943
		Time deposits				6,474,566					6,845,350					7,653,112
		Total deposits				17,241,378					17,203,574					16,791,055
Interest-bearing liabilities						15,118,148					15,317,075					15,913,856
Stockholders' equity						2,305,942					2,305,716					2,210,603
		Selected Ratios			Quarter Ended
					June 30, 2012					March 31, 2012					June 30, 2011
For The Period
		Return on average assets				1.32	%				1.26	%				1.12	%
		Return on average common equity				12.46	%				12.01	%				11.06	%
		Interest rate spread				4.61	%				4.31	%				4.48	%
		Net interest margin				4.81	%				4.51	%				4.70	%
		Yield on earning assets				5.49	%				5.23	%				5.67	%
		Cost of deposits				0.45	%				0.47	%				0.70	%
		Cost of funds				0.71	%				0.75	%				1.00	%
		Noninterest expense/average assets(1)				1.72	%				1.97	%				1.95	%
		Efficiency ratio(2)				41.54	%				44.07	%				43.95	%

(1)		Excludes the amortization of intangibles, amortization of premiums on deposits acquired, amortization of investments in affordable housing partnerships and prepayment penalties for FHLB advances.
(2)		Represents noninterest expense, excluding the amortization of intangibles, amortization of premiums on deposits acquired, amortization of investments in affordable housing partnerships and prepayment penalties for FHLB advances, divided by the aggregate of net interest income before provision for loan losses and noninterest income, excluding items that are non-recurring in nature.

EAST WEST BANCORP, INC.
SELECTED FINANCIAL INFORMATION
(In thousands)
(unaudited)
	Average Balances			Year To Date
				June 30, 2012					June 30, 2011
Loans receivable
	Real estate - single family			$	1,934,946				$	1,196,749
	Real estate - multifamily				922,737					956,198
	Real estate - commercial				3,470,374					3,386,315
	Real estate - land and construction				331,972					482,812
	Commercial				3,229,699					2,254,733
	Consumer				821,714					994,975
	Total loans receivable, excluding covered loans				10,711,442					9,271,782
	Covered loans				3,712,894					4,591,211
	Total loans receivable				14,424,336					13,862,993
Investment securities					2,725,123					3,020,860
Earning assets					19,515,978					19,067,921
Total assets					21,608,923					21,232,913
Deposits
	Noninterest-bearing demand			$	3,635,300				$	2,828,933
	Interest-bearing checking				970,526					782,547
	Money market				4,748,698					4,374,322
	Savings				1,207,994					1,003,074
	Total core deposits				10,562,518					8,988,876
	Time deposits				6,659,958					7,397,717
	Total deposits				17,222,476					16,386,593
Interest-bearing liabilities					15,217,611					15,756,652
Stockholders' equity					2,305,829					2,178,624
	Selected Ratios			Year To Date
				June 30, 2012					June 30, 2011
For The Period
	Return on average assets				1.29	%				1.10	%
	Return on average common equity				12.23	%				10.80	%
	Interest rate spread				4.46	%				4.40	%
	Net interest margin				4.66	%				4.61	%
	Yield on earning assets				5.36	%				5.59	%
	Cost of deposits				0.46	%				0.68	%
	Cost of funds				0.73	%				1.01	%
	Noninterest expense/average assets(1)				1.84	%				1.89	%
	Efficiency ratio(2)				42.86	%				43.57	%

(1)		Excludes the amortization of intangibles, amortization of premiums on deposits acquired, amortization of investments in affordable housing partnerships and prepayment penalties for FHLB advances.
(2)		Represents noninterest expense, excluding the amortization of intangibles, amortization of premiums on deposits acquired, amortization of investments in affordable housing partnerships and prepayment penalties for FHLB advances, divided by the aggregate of net interest income before provision for loan losses and noninterest income, excluding items that are non-recurring in nature.

EAST WEST BANCORP, INC.
QUARTER TO DATE AVERAGE BALANCES, YIELDS AND RATES PAID
(In thousands)
(unaudited)
			Quarter Ended
			June 30, 2012										June 30, 2011
			Average										Average
			Volume				Interest			Yield(1)			Volume				Interest			Yield(1)
ASSETS
Interest-earning assets:
	Due from banks and short-term investments		$	1,504,325			$	5,774		1.54	%		$	1,006,402			$	4,500		1.79	%
	Securities purchased under resale agreements			1,026,923				4,758		1.86	%			1,068,975				5,109		1.92	%
	Investment securities available-for-sale			2,487,725				16,913		2.73	%			3,220,795				23,253		2.90	%
	Loans receivable			10,742,672				125,526		4.70	%			9,418,750				119,739		5.10	%
	Loans receivable - covered			3,572,300				112,510		12.67	%			4,487,610				121,034		10.82	%
	Federal Home Loan Bank and Federal Reserve Bank stock			174,965				881		2.02	%			200,437				833		1.67	%
	Total interest-earning assets			19,508,910				266,362		5.49	%			19,402,969				274,468		5.67	%
Noninterest-earning assets:
	Cash and cash equivalents			234,918										270,259
	Allowance for loan losses			(226,112	)									(228,587	)
	Other assets			2,009,678										2,129,462
	Total assets		$	21,527,394									$	21,574,103
LIABILITIES AND STOCKHOLDERS' EQUITY
Interest-bearing liabilities:
	Checking accounts			978,085				725		0.30	%			793,349				699		0.35	%
	Money market accounts			4,831,665				4,243		0.35	%			4,374,404				5,848		0.54	%
	Savings deposits			1,232,663				647		0.21	%			1,034,486				933		0.36	%
	Time deposits			6,474,566				13,562		0.84	%			7,653,112				21,650		1.13	%
	Federal funds purchased			9				-		-				-				-		-
	Federal Home Loan Bank advances			393,982				1,353		1.38	%			738,094				3,956		2.15	%
	Securities sold under repurchase agreements			995,000				11,591		4.69	%			1,064,096				12,116		4.57	%
	Long-term debt			212,178				1,084		2.05	%			235,343				1,787		3.05	%
	Other borrowings			-				-		-				20,972				143		2.73	%
	Total interest-bearing liabilities			15,118,148				33,205		0.88	%			15,913,856				47,132		1.19	%
Noninterest-bearing liabilities:
	Demand deposits			3,724,399										2,935,704
	Other liabilities			378,905										513,940
	Stockholders' equity			2,305,942										2,210,603
	Total liabilities and stockholders' equity		$	21,527,394									$	21,574,103
Interest rate spread										4.61	%									4.48	%
Net interest income and net interest margin							$	233,157		4.81	%						$	227,336		4.70	%
Net interest income and net interest margin, adjusted(2)							$	194,653		4.01	%						$	194,955		4.03	%

(1)		Annualized.
(2)		Amounts exclude the net impact of covered loan dispositions and amortization of the FDIC indemnification asset of $38.5 million and $32.4 million for the three months ended June 30, 2012 and 2011, respectively.

EAST WEST BANCORP, INC.
YEAR TO DATE AVERAGE BALANCES, YIELDS AND RATES PAID
(In thousands)
(unaudited)
			Year To Date
			June 30, 2012										June 30, 2011
			Average										Average
			Volume				Interest			Yield(1)			Volume				Interest			Yield(1)
ASSETS
Interest-earning assets:
	Due from banks and short-term investments		$	1,276,498			$	12,306		1.94	%		$	995,055			$	7,240		1.47	%
	Securities purchased under resale agreements			910,857				9,072		2.00	%			984,020				9,379		1.92	%
	Investment securities available-for-sale			2,725,123				38,145		2.81	%			3,020,860				42,110		2.81	%
	Loans receivable			10,711,442				251,201		4.72	%			9,271,782				234,650		5.10	%
	Loans receivable - covered			3,712,894				207,874		11.26	%			4,591,211				233,649		10.26	%
	Federal Home Loan Bank and Federal Reserve Bank stock			179,164				1,814		2.04	%			204,992				1,775		1.75	%
	Total interest-earning assets			19,515,978				520,412		5.36	%			19,067,920				528,803		5.59	%
Noninterest-earning assets:
	Cash and cash equivalents			252,896										277,214
	Allowance for loan losses			(224,646	)									(232,371	)
	Other assets			2,064,695										2,120,150
	Total assets		$	21,608,923									$	21,232,913
LIABILITIES AND STOCKHOLDERS' EQUITY
Interest-bearing liabilities:
	Checking accounts			970,526				1,413		0.29	%			782,547				1,347		0.35	%
	Money market accounts			4,748,698				8,244		0.35	%			4,374,322				11,823		0.55	%
	Savings deposits			1,207,994				1,229		0.20	%			1,003,074				1,665		0.33	%
	Time deposits			6,659,958				28,455		0.86	%			7,397,717				40,277		1.10	%
	Federal funds purchased			4,470				2		0.11	%			-				-		-
	Federal Home Loan Bank advances			412,879				3,495		1.70	%			875,290				9,733		2.24	%
	Securities sold under repurchase agreements			1,000,908				23,313		4.68	%			1,072,124				24,133		4.54	%
	Long-term debt			212,178				2,186		2.07	%			235,456				3,359		2.88	%
	Other borrowings			-				-		-				16,122				296		3.70	%
	Total interest-bearing liabilities			15,217,611				68,337		0.90	%			15,756,652				92,633		1.19	%
Noninterest-bearing liabilities:
	Demand deposits			3,635,300										2,828,933
	Other liabilities			450,183										468,704
	Stockholders' equity			2,305,829										2,178,624
	Total liabilities and stockholders' equity		$	21,608,923									$	21,232,913
Interest rate spread										4.46	%									4.40	%
Net interest income and net interest margin							$	452,075		4.66	%						$	436,170		4.61	%
Net interest income and net interest margin, adjusted(2)							$	398,862		4.11	%						$	376,864		3.99	%

(1)		Annualized.
(2)		Amounts exclude the net impact of covered loan dispositions and amortization of the FDIC indemnification asset of $53.2 million and $59.3 million for the six months ended June 30, 2012 and 2011, respectively.

EAST WEST BANCORP, INC.
QUARTERLY ALLOWANCE FOR LOAN LOSSES RECAP
(In thousands)
(unaudited)
				Quarter Ended
				6/30/2012					3/31/2012					6/30/2011
LOANS
	Allowance balance, beginning of period			$	222,521				$	216,523				$	226,161
	Allowance for unfunded loan commitments and letters of credit				274					(1,778	)				(487	)
	Provision for loan losses				15,500					18,100					26,500
	Net Charge-offs:
	Real estate - single family				273					1,295					1,120
	Real estate - multifamily				1,021					795					1,081
	Real estate - commercial				2,179					4,342					2,164
	Real estate - land and construction				665					3,590					18,143
	Commercial				6,624					222					8,844
	Consumer				906					80					266
	Total net charge-offs				11,668					10,324					31,618
	Allowance balance, end of period(3)			$	226,627				$	222,521				$	220,556
UNFUNDED LOAN COMMITMENTS AND LETTERS OF CREDIT:
	Allowance balance, beginning of period			$	12,778				$	11,000				$	10,710
	Provision for unfunded loan commitments and letters of credit				(274	)				1,778					487
	Allowance balance, end of period			$	12,504				$	12,778				$	11,197
	GRAND TOTAL, END OF PERIOD			$	239,131				$	235,299				$	231,753
	Nonperforming assets to total assets(1)				0.72	%				0.77	%				0.83	%
	Allowance for loan losses on non-covered loans to total gross non-covered loans held for investment at end of period				2.03	%				2.04	%				2.29	%
	Allowance for loan losses on non-covered loans and unfunded loan commitments to total gross non-covered loans held for investment at end of period				2.15	%				2.16	%				2.41	%
	Allowance on non-covered loans to non-covered nonaccrual loans at end of period				195.18	%				177.36	%				129.80	%
	Nonaccrual loans to total loans(2)				0.78	%				0.83	%				1.17	%

(1)		Nonperforming assets excludes covered loans and covered REOs. Total assets includes covered assets.
(2)		Nonaccrual loans excludes covered loans. Total loans includes covered loans.
(3)		Included in the allowance is $7.2 million, $8.3 million, and $6.7 million related to covered loans as of June 30, 2012, March 31, 2012 and June 30, 2011, respectively. This allowance is related to drawdowns on commitments that were in existence as of the acquisition dates and therefore, are covered under the loss share agreements with the FDIC. Allowance on these subsequent drawdowns is accounted for as part of the general allowance.

EAST WEST BANCORP, INC.
TOTAL NON-PERFORMING ASSETS, EXCLUDING COVERED ASSETS
(In thousands)
(unaudited)
AS OF JUNE 30, 2012
			Total Nonaccrual Loans
			90+ Days Delinquent			Under 90+ Days Delinquent			Total Nonaccrual Loans			REO Assets			Total Non-Performing Assets
Loan Type
Real estate - single family			$	6,405		$	1,350		$	7,755		$	5,055		$	12,810
Real estate - multifamily				9,278			11,129			20,407			117			20,524
Real estate - commercial				22,751			2,092			24,843			24,906			49,749
Real estate - land and construction				32,390			669			33,059			12,759			45,818
Commercial				17,072			6,000			23,072			53			23,125
Consumer				3,298			-			3,298			332			3,630
Total			$	91,194		$	21,240		$	112,434		$	43,222		$	155,656
AS OF MARCH 31, 2012
			Total Nonaccrual Loans
			90+ Days Delinquent			Under 90+ Days Delinquent			Total Nonaccrual Loans			REO Assets			Total Non-Performing Assets
Loan Type
Real estate - single family			$	3,735		$	-		$	3,735		$	6,591		$	10,326
Real estate - multifamily				8,067			10,399			18,466			2,766			21,232
Real estate - commercial				39,605			3,449			43,054			23,190			66,244
Real estate - land and construction				38,909			530			39,439			13,084			52,523
Commercial				8,848			4,082			12,930			297			13,227
Consumer				3,174			-			3,174			415			3,589
Total			$	102,338		$	18,460		$	120,798		$	46,343		$	167,141
AS OF JUNE 30, 2011
			Total Nonaccrual Loans
			90+ Days Delinquent			Under 90+ Days Delinquent			Total Nonaccrual Loans			REO Assets			Total Non-Performing Assets
Loan Type
Real estate - single family			$	13,326		$	-		$	13,326		$	1,384		$	14,710
Real estate - multifamily				11,174			3,708			14,882			833			15,715
Real estate - commercial				38,677			3,432			42,109			4,789			46,898
Real estate - land and construction				48,157			21,013			69,170			9,007			78,177
Commercial				19,078			5,091			24,169			358			24,527
Consumer				1,077			-			1,077			93			1,170
Total			$	131,489		$	33,244		$	164,733		$	16,464		$	181,197

EAST WEST BANCORP, INC.
GAAP TO NON-GAAP RECONCILIATION
(In thousands)
(unaudited)

The tangible common equity to risk weighted assets and tangible common equity to tangible assets ratios are non-GAAP disclosures. The Company uses certain non-GAAP financial measures to provide supplemental information regarding the Company's performance to provide additional disclosure. As the use of tangible common equity to tangible assets ratio is more prevalent in the banking industry and with banking regulators and analysts, we have included the tangible common equity to risk-weighted assets and tangible common equity to tangible assets ratios.

					As of
					June 30, 2012
Stockholders' equity					$	2,294,940
Less:
Preferred equity						(83,027	)
Goodwill and other intangible assets						(404,304	)
Tangible common equity					$	1,807,609
Risk-weighted assets						13,031,656
Tangible common equity to risk-weighted assets ratio						13.9	%
					As of
					June 30, 2012
Total assets					$	21,525,734
Less:
Goodwill and other intangible assets						(404,304	)
Tangible assets					$	21,121,430
Tangible common equity to tangible assets ratio						8.6	%

EAST WEST BANCORP, INC.
GAAP TO NON-GAAP RECONCILIATION
(In thousands)
(unaudited)

Operating noninterest expense is a non-GAAP disclosure. The Company uses certain non-GAAP financial measures to provide supplemental information regarding the Company's performance to provide additional disclosure. These are noninterest expense line items that are non-core in nature. Operating noninterest expense excludes such non-core noninterest expense line items. The Company believes that presenting operating noninterest expense provides more clarity to the users of financial statements regarding the core noninterest expense amounts.

				Quarter Ended
				June 30, 2012				March 31, 2012				June 30, 2011
	Total noninterest expense:			$	101,608			$	114,763			$	117,597
	Amounts to be reimbursed by the FDIC on covered assets (80% of actual expense amount)				2,683				12,122				13,574
	Prepayment penalties for FHLB advances				2,336				1,321				4,433
	Noninterest expense excluding reimbursable amounts and prepayment penalties for FHLB advances			$	96,589			$	101,320			$	99,590

EAST WEST BANCORP, INC.
GAAP TO NON-GAAP RECONCILIATION
(In thousands)
(unaudited)

The Company uses certain non-GAAP financial measures to provide supplemental information regarding the Company's performance to provide additional disclosure. The net interest income on covered loans includes amounts that are non-core in nature. As such, the Company believes that presenting the net interest income on covered loans excluding such non-core items provides additional clarity to the users of financial statements regarding the covered loan yield, comparability to prior periods and the ongoing performance of the Company.

			Quarter Ended June 30, 2012
			Average Volume				Interest					Yield(1)
Loans receivable - covered			$	3,572,300			$	112,510				12.67	%
Less net impact of covered loan dispositions and amortization of the FDIC indemnification asset								(38,504	)
Covered loans excluding net impact of covered loan dispositions and amortization of the FDIC indemnification asset							$	74,006				8.33	%
			Quarter Ended March 31, 2012
			Average Volume				Interest					Yield(1)
Loans receivable - covered			$	3,853,488			$	95,364				9.95	%
Less net impact of covered loan dispositions and amortization of the FDIC indemnification asset								(14,709	)
Covered loans excluding net impact of covered loan dispositions and amortization of the FDIC indemnification asset							$	80,655				8.42	%

(1)		Annualized.

EAST WEST BANCORP, INC.
GAAP TO NON-GAAP RECONCILIATION
(In thousands)
(unaudited)

The Company uses certain non-GAAP financial measures to provide supplemental information regarding the Company's performance to provide additional disclosure. The net interest margin includes amounts that are non-core in nature. As such, the Company believes that presenting the net interest income and net interest margin excluding such non-core items provides additional clarity to the users of financial statements regarding the core net interest income and net interest margin, comparability to prior periods and the ongoing performance of the Company.

			Quarter Ended June 30, 2012
			Average Volume				Interest					Yield(1)
Total interest-earning assets			$	19,508,910			$	266,362				5.49	%
Net interest income and net interest margin								233,157				4.81	%
Less net impact of covered loan dispositions and amortization of the FDIC indemnification asset								(38,504	)
Net interest income and net interest margin, excluding net impact of covered loan dispositions and amortization of the FDIC indemnification asset							$	194,653				4.01	%
			Quarter Ended March 31, 2012
			Average Volume				Interest					Yield (1)
Total interest-earning assets			$	19,523,046			$	254,050				5.23	%
Net interest income and net interest margin								218,918				4.51	%
Less net impact of covered loan dispositions and amortization of the FDIC indemnification asset								(14,709	)
Net interest income and net interest margin, excluding net impact of covered loan dispositions and amortization of the FDIC indemnification asset							$	204,209				4.21	%
			Quarter Ended June 30, 2011
			Average Volume				Interest					Yield(1)
Total interest-earning assets			$	19,402,969			$	274,468				5.67	%
Net interest income and net interest margin								227,336				4.70	%
Less net impact of covered loan dispositions and amortization of the FDIC indemnification asset								(32,381	)
Net interest income and net interest margin, excluding net impact of covered loan dispositions and amortization of the FDIC indemnification asset							$	194,955				4.03	%

(1)		Annualized.

EAST WEST BANCORP, INC.
GAAP TO NON-GAAP RECONCILIATION
(In thousands)
(unaudited)

The Company uses certain non-GAAP financial measures to provide supplemental information regarding the Company's performance to provide additional disclosure. The net interest margin includes amounts that are non-core in nature. As such, the Company believes that presenting the net interest income and net interest margin excluding such non-core items provides additional clarity to the users of financial statements regarding the core net interest income and net interest margin, comparability to prior periods and the ongoing performance of the Company.

			Year to Date June 30, 2012
			Average Volume				Interest					Yield
Total interest-earning assets			$	19,515,978			$	520,412				5.36	%
Net interest income and net interest margin								452,075				4.66	%
Less net impact of covered loan dispositions and amortization of the FDIC indemnification asset								(53,213	)
Net interest income and net interest margin, excluding net impact of covered loan dispositions and amortization of the FDIC indemnification asset							$	398,862				4.11	%
			Year to Date June 30, 2011
			Average Volume				Interest					Yield
Total interest-earning assets			$	19,067,920			$	528,803				5.59	%
Net interest income and net interest margin								436,170				4.61	%
Less net impact of covered loan dispositions and amortization of the FDIC indemnification asset								(59,306	)
Net interest income and net interest margin, excluding net impact of covered loan dispositions and amortization of the FDIC indemnification asset							$	376,864				3.99	%

East West Bancorp, Inc.
Irene Oh
Chief Financial Officer
626-768-6360

Source: East West Bancorp, Inc.

Copyright Business Wire 2012