East West Bancorp, Inc. Announces Retirement of Director Rudolph I. Estrada
Pasadena, CA – March 3, 2025 – East West Bancorp, Inc. (Nasdaq: EWBC) today announced that Rudolph I. Estrada has retired from the Board of Directors, effective immediately. Mr. Estrada’s decision to retire is not the result of any disagreement with the Company regarding its operations, policies, or practices.

Mr. Estrada has been a dedicated and valued member of the Board, contributing his leadership and expertise to the Company’s strategic growth and governance. The Board of Directors and the Company express their deep appreciation for his many years of service and extend their best wishes for his retirement.

East West Bancorp, Inc. announced that Rudolph I. Estrada has retired from its Board of Directors, effective immediately as of March 3, 2025. The company stated that his departure was not due to any disagreement with the board or the company’s policies, operations, or practices. The Board of Directors expressed gratitude for Estrada’s years of service, leadership, and contributions, wishing him well in his retirement.

East West Bancorp Reports Record $1.2 Billion Net Income for 2024

East West Bancorp, Inc. announced record net income of $1.2 billion for 2024, with diluted earnings per share of $8.33. The company reported robust growth in deposits, up $7.1 billion year-over-year, and total assets reaching $76 billion, a 9% increase. CEO Dominic Ng highlighted the bank's 15.9% return on equity and a 12% growth in book value per share.

In response to strong performance, East West raised its quarterly dividend by 9% to $0.60 per share and authorized a $300 million stock repurchase plan. The bank also maintained solid asset quality, with nonperforming assets steady at 0.26% of total assets.