East West Bancorp record 2021 net income $873M up 54% YoY; boosts dividend 21%

EAST WEST BANCORP INC

2021-FY EPS reported $6.10

Full-year 2021 net income $873M ($6.10 diluted EPS), up 54% YoY; Q4 net income $217.8M ($1.52 EPS).
Total revenue $1.8B (+13% YoY); ROA 1.5%, return on tangible equity 17.2%.
Loans reached record $41.7B (+12% YoY excluding PPP); deposits grew to $53.4B (+19% YoY).
Nonperforming assets declined 56% and criticized loans fell 32% YoY, reflecting improved asset quality.
Board approved a 21% increase in the common stock dividend; per-share amount not disclosed.

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