Fourth Quarter 2016 INVESTOR PRESENTATION February, 2017 Safe - PowerPoint PPT Presentation

Fourth Quarter 2016 INVESTOR PRESENTATION February, 2017

Safe Harbor Statement This presentation may include forward-looking statements that involve inherent risks and uncertainties. East West Bancorp, Inc. cautions readers that a number of important factors could cause actual results to differ materially from those in any forward-looking statements. These factors include economic conditions and competition in the geographic and business areas in which East West Bancorp and its subsidiaries operate, inflation or deflation, fluctuation in interest rates, legislation and governmental regulations, investigation of acquired banks and other factors discussed in the Company’s filings with the SEC. 2

East West Profile East West Bank is the largest independent bank based in Los Angeles, CA. With $35 billion in total assets, 44 years of operating history, and 2,900 associates, East West Bank is the leading bank serving the Asian community in the U.S. 130 + LOCATIONS UNITED STATES GREATER CHINA THROUGHOUT 120 + Locations 10 Locations Across 60+ cities in 10 metropolitan areas 5 Full-service branches 5 Representative offices 89 U.S. branches in California Shenzhen Shantou Las Vegas Seattle Shanghai & Beijing Shanghai FTZ San Francisco Houston Chongqing Taipei Atlanta Dallas Los Angeles New York Boston San Diego Xiamen Guangzhou Hong Kong 3

East West Bank Milestones The Going Size Expansion in Today Beginning Public Doubles TX and CA 1973 1999 2009 2014 2016 First EWB Branch EWBC begins Acquired $10 billion Presence expanded Net income: opens for business. to trade on United Commercial in TX and CA with $432 million First S&L bank serving Nasdaq. Bank and doubled acquisition of and assets of the Asian American asset size to over $2 billion in assets $35 billion. market in Southern $20 billion. MetroCorp. California. Acquired China Opened new banking license. branches in Shanghai FTZ and Shenzhen. 1980s 1991 1995 1998 2005 2007 Branch network Assets Converted Initiated Annual net First full-service expanded in CA. exceed to state management- income branch in Greater $1 billion. chartered led buyout. exceeds China opened in commercial $100 million. Hong Kong. Bank. 4

East West Bank’s Advantage BRIDGE THE U.S. THE CHINA VALUE FOR BANKING FACTOR FACTOR CUSTOMERS EXPERTISE  Largest U.S. bank serving  China is the 2 nd largest  Knowledge and  Help navigate complicated the Asian community. world economy. experience in: business transactions.  Culture  Among the top 30 largest  Foreign direct investment in  Geography  Broaden opportunities with public banks.  Economics the U.S. continues to rise. our partners and resources.  Business practices  Bank of choice for new  Cross-border trade between  Customized solutions meet Chinese-American  Well-connected with U.S. and Greater China the unique financial needs immigrants. companies is strong. business leaders and across various industries. service professionals.  Ranked by Forbes as top  EWB is one of the few U.S.  Beyond banking approach 15 of America’s best  Cross-border products banks with a banking license helps customers assimilate banks (2010-2015). in China. and services. seamlessly into a new country.  10 locations in Greater  Long-term relationship China. building. 5

Bank Rankings by Total Assets and Market Cap Rank Ticker Total assets (as of 12.31.16) $Billion Rank Ticker Market Cap (as of 02.03.17) $Billion 1 JPM JPMorgan Chase & Co. 2,491 1 JPM JPMorgan Chase & Co. 310.5 2 BAC Bank of America Corporation 2,188 2 WFC Wells Fargo & Company 287.3 3 WFC Wells Fargo & Company 1,930 3 BAC Bank of America Corporation 234.1 4 C Citigroup Inc. 1,792 4 C Citigroup Inc. 160.1 5 USB U.S. Bancorp 446 5 USB U.S. Bancorp 91.1 6 PNC PNC Financial Services Group, Inc. 366 6 PNC PNC Financial Services Group, Inc. 59.2 7 COF Capital One Financial Corporation 357 7 BK Bank of New York Mellon Corporation 47.8 8 BK Bank of New York Mellon Corporation 333 8 COF Capital One Financial Corporation 42.2 9 STT State Street Corporation 243 9 BBT BB&T Corporation 37.7 10 BBT BB&T Corporation 219 10 STT State Street Corporation 29.6 11 STI SunTrust Banks, Inc. 205 11 STI SunTrust Banks, Inc. 28.5 12 CFG Citizens Financial Group, Inc. 150 12 MTB M&T Bank Corporation 25.6 13 FITB Fifth Third Bancorp 142 13 FITB Fifth Third Bancorp 19.9 14 KEY KeyCorp 136 14 KEY KeyCorp 19.8 15 RF Regions Financial Corporation 126 15 NTRS Northern Trust Corporation 19.3 16 NTRS Northern Trust Corporation 124 16 CFG Citizens Financial Group, Inc. 18.8 17 MTB M&T Bank Corporation 123 17 RF Regions Financial Corporation 17.8 18 HBAN Huntington Bancshares Incorporated 100 18 HBAN Huntington Bancshares Incorporated 14.8 19 FRC First Republic Bank 73 19 FRC First Republic Bank 14.7 20 CMA Comerica Incorporated 73 20 CMA Comerica Incorporated 12.0 21 ZION Zions Bancorporation 63 21 SIVB SVB Financial Group 9.3 22 SIVB SVB Financial Group 45 22 ZION Zions Bancorporation 8.8 23 PBCT People's United Financial, Inc. 41 23 SBNY Signature Bank 8.6 24 SBNY Signature Bank 39 24 EWBC East West Bancorp, Inc. 7.6 25 BPOP Popular, Inc. 39 25 PACW PacWest Bancorp 6.7 26 EWBC East West Bancorp, Inc. 35 26 PBCT People's United Financial, Inc. 6.0 27 FCNCA First Citizens BancShares, Inc. 33 27 CBSH Commerce Bancshares, Inc. 5.7 28 BOKF BOK Financial Corporation 33 28 CFR Cullen/Frost Bankers, Inc. 5.7 29 CFR Cullen/Frost Bankers, Inc. 30 29 BOKF BOK Financial Corporation 5.4 30 SNV Synovus Financial Corp. 30 30 SNV Synovus Financial Corp. 5.2 Source: S&P Global Market Intelligence. 6

Strong Growth and Performance ($ in billions) Total Assets** Stockholders' Equity** Total Deposits Total Loans * CAGR from December 31, 2006 – December 31, 2016. ** 2010-2014 were restated to reflect the adoption of new accounting guidance related to the Company's investments in qualified affordable housing projects, Accounting Standards Update (“ASU”) 2014-01. 7

Seventh Year of Record Earnings for 2016 Net Earnings ($ in millions) +12% +11% +18% +6% +14% Diluted EPS UCBH acquisition Nov. 2009 +12% doubles +11% +15% bank size +12% +18% Note: 2010-2014 were restated to reflect the adoption of new accounting guidance related to the Company's investments in qualified affordable housing projects, ASU 2014-01. 8

Steadily Growing TBVPS While Maintaining Robust TCE +12% +11% +13% +6% +11% UCBH acquisition Nov. 2009 doubles bank size (42) bps (9) bps +32 bps +11 bps +14 bps 9

2017 Management Outlook Net Income EPS 4Q16 $111M $0.76 +$0.6M/1% QoQ Flat QoQ FY 2016 $432 $2.97 +$47M/12% YoY +$0.31/12% YoY Outlook for the expected full year 2017 results, compared to our full year 2016 results:  End of Period Loans: increase at a percentage rate in the high single digits. Loan growth to be supported by deposit growth.  Net Interest Margin (excluding the impact of ASC 310-30 discount accretion) : between 3.20% − 3.40%.  Noninterest Expenses (excluding tax credit amortization & deposit premium amortization) : increase at a percentage rate in the low single digits.  Provision for Credit Losses: in the range of $40 million to $50 million.  Tax Items: projecting investment in tax-advantaged credits of $90 million, and associated tax credit amortization expense of $80 million. Assuming no changes to the Federal tax rate, this implies an effective tax rate of mid-20%s.  Interest Rates: our outlook incorporates the current forward rate curve; as such, it currently assumes three fed funds rate increases in the year 2017: in June, September, and December. 10