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Second Quarter 2017 INVESTOR PRESENTATION

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Second Quarter 2017 INVESTOR PRESENTATION Second Quarter 2017 INVESTOR PRESENTATION August 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 $36 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. LOCATIONS UNITED STATES + GREATER CHINA 130 THROUGHOUT 120+ Locations 10 Locations Across 60+ cities in 10 metropolitan areas 5 Full-service branches 89 U.S. branches in California 5 Representative offices Shenzhen Shantou Las Vegas Seattle Shanghai & Beijing Shanghai FTZ San Francisco Houston Chongqing Los Angeles Dallas Atlanta Taipei New York Boston San Diego Guangzhou Xiamen Hong Kong 3 East West Bank Milestones The Going Size Expansion in Today Beginning Public Doubles TX and CA 1973 1999 2009 2014 2017 1H 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 $288 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 $36 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 2nd 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. the U.S. continues to rise. Economics our partners and resources. Business practices . Bank of choice for new . Cross-border trade between . Customized solutions meet Chinese-American U.S. and Greater China . Well-connected with the unique financial needs immigrants. companies is strong. business leaders and across various industries. service professionals. Ranked by Forbes as top . EWB is 1 of 3 U.S. banks . Beyond banking approach 15 of America’s best with a banking license in . Cross-border products helps customers assimilate banks since 2010. 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 Total Assets (as of 06.30.17) Ticker $ Billion Rank Market Cap (as of 07.31.17) Ticker $ Billion 1 JPMorgan Chase & Co. JPM 2,563.2 1 JPMorgan Chase & Co. JPM 323.0 2 Bank of America Corporation BAC 2,254.5 2 Wells Fargo & Company WFC 267.9 3 Wells Fargo & Company WFC 1,930.9 3 Bank of America Corporation BAC 238.3 4 Citigroup Inc. C 1,864.1 4 Citigroup Inc. C 186.5 5 U.S. Bancorp USB 463.8 5 U.S. Bancorp USB 88.6 6 PNC Financial Services Group, Inc. PNC 372.2 6 PNC Financial Services Group, Inc. PNC 61.8 7 Bank of New York Mellon Corporation BK 354.8 7 Bank of New York Mellon Corporation BK 54.8 8 Capital One Financial Corporation COF 350.6 8 Capital One Financial Corporation COF 41.7 9 State Street Corporation STT 238.3 9 BB&T Corporation BBT 38.2 10 BB&T Corporation BBT 221.2 10 State Street Corporation STT 34.9 11 SunTrust Banks, Inc. STI 207.2 11 SunTrust Banks, Inc. STI 27.6 12 Citizens Financial Group, Inc. CFG 151.4 12 M&T Bank Corporation MTB 24.9 13 Fifth Third Bancorp FITB 141.1 13 Northern Trust Corporation NTRS 20.0 14 KeyCorp KEY 135.8 14 Fifth Third Bancorp FITB 19.7 15 Northern Trust Corporation NTRS 125.6 15 KeyCorp KEY 19.7 16 Regions Financial Corporation RF 124.7 16 Citizens Financial Group, Inc. CFG 17.7 17 M&T Bank Corporation MTB 120.9 17 Regions Financial Corporation RF 17.5 18 Huntington Bancshares Incorporated HBAN 101.4 18 First Republic Bank FRC 15.8 19 First Republic Bank FRC 81.0 19 Huntington Bancshares Incorporated HBAN 14.4 20 Comerica Incorporated CMA 71.4 20 Comerica Incorporated CMA 12.7 21 Zions Bancorporation ZION 65.4 21 SVB Financial Group SIVB 9.4 22 SVB Financial Group SIVB 48.4 22 Zions Bancorporation ZION 9.2 23 People's United Financial, Inc. PBCT 43.0 23 East West Bancorp, Inc. EWBC 8.2 24 Popular, Inc. BPOP 41.2 24 Signature Bank SBNY 7.6 25 Signature Bank SBNY 40.7 25 People's United Financial, Inc. PBCT 6.0 26 East West Bancorp, Inc. EWBC 35.9 26 Commerce Bancshares, Inc. CBSH 5.9 27 First Citizens BancShares, Inc. FCNCA 34.8 27 PacWest Bancorp PACW 5.8 28 BOK Financial Corporation BOKF 32.3 28 Cullen/Frost Bankers, Inc. CFR 5.8 29 F.N.B. Corporation FNB 30.8 29 BOK Financial Corporation BOKF 5.6 30 Synovus Financial Corp. SNV 30.7 30 Bank of the Ozarks OZRK 5.5 Source: S&P Global Market Intelligence (SNL Financial). 6 Strong Balance Sheet Growth ($ in billions) Total Assets Stockholders' Equity Total Loans Total Deposits * CAGR from December 31, 2007 – June 30, 2017. 7 Strong Earnings Growth Net Earnings ($ in millions) +17% y-o-y (oper.*) $288 +12% +18% +11% +14% +6% UCBH Diluted EPS acquisition Nov. 2009 doubles +17% bank size y-o-y +12% $1.98 +11% (oper.*) +15% +12% +18% * YTD 2017 includes 1Q17 gain on sale of commercial property, which is considered non-operating. See reconciliation of GAAP to non-GAAP financials on slides 29-32 and in the Company’s 2Q17 Earnings Press Release. 8 Steadily Growing Equity While Maintaining Robust TCE +8% +12% +11% +13% +6% +11% UCBH acquisition Nov. 2009 doubles bank size +11 bps (42) bps +32 bps +43 bps +14 bps (9) bps 9 Outperforming Peers on Key Profitability Metrics 10% 1% 50% 2% Note: Industry average based on FDIC’s 1Q17 Quarterly Banking Profile for FDIC insured banks with asset size $10bn to $250bn. Source: FDIC and S&P Global Market Intelligence (SNL Financial). * See reconciliation of GAAP to non-GAAP financials in the Company’s Earnings Press Releases. 1Q17 results exclude the impact from gain on sale of commercial property. 10 Highlights of Second Quarter 2017 Results Strong earnings results. Net . Net income increased 15% Y-o-Y and EPS increased 14% Y-o-Y income . Net interest income growth: 2Q17 NII of $290mm was up 7% Q-o-Q $118.3 . Asset sensitivity: loan yield expansion outpaced deposit cost increase and 2Q17 million NIM of 3.49% was up by 16 bps. Excluding discount accretion, adj.* NIM of 3.41% was up by 12 bps Q-o-Q. Diluted . Excluding discount accretion, adj.* loan yield of 4.30% was up by 13 bps Q-o-Q. EPS . Cost of deposits increased a modest 4 bps Q-o-Q. $0.81 . Pre-tax, pre-provision income growth: Driven by revenue growth, adj.* pre-tax, pre- provision income of $198mm grew by 10% Q-o-Q. Tangible equity*/share $21.93 Solid balance sheet growth. Loans grew 11% linked quarter annualized (“LQA”). Record loans . Deposits grew 8% LQA. $27.2 billion Steady credit quality. Record deposits . Annualized net recoveries of 4 bps in 2Q17. $31.2 billion . NPAs decreased by $12mm, or 8%, Q-o-Q to $133mm; equivalent to 0.37% of total assets as of 06.30.17. * See reconciliation of GAAP to non-GAAP financials on slides 29-32 and in the Company’s 2Q17 Earnings Press Release. 11 Updated Management Outlook: Full Year 2017 Earnings drivers Revised full year 2017 Change from prior 2016 FY actual 1H17 outlook outlook actual (after 2Q17) (after 1Q17) End of Period Loans . Increase at a percentage rate in Unchanged. $25.5 billion, $27.2 billion, +13% the low double digits. +8% Y-o-Y YTD annualized NIM . In the range of 3.35% to 3.45%. Unchanged. 3.15% 3.35% (excl. impact of ASC . Favorable asset sensitivity 310-30 discount position to support NIM accretion) expansion. Noninterest Expense . Increase at a percentage rate in Unchanged. $538 million, $276 million, (excl. tax credit the low single digits. +14% Y-o-Y +3% YTD annualized investment & core deposit intangible amortization) Provision for Credit . In the range of $40mm to Unchanged. $27 million $18 million Losses $50mm. Tax Items . Tax credit investments of . Prior tax credit Effective tax rate: Effective tax rate: (renewable energy & $115mm. investments: $95mm. 24.6% 25.3% historical tax credits) . Associated tax credit amortization . Prior tax credit of $95mm. amortization: $75mm. Effective tax rate of 26%. Prior tax rate range: 26% to 29%. Interest Rates . Outlook incorporates the current Previously, anticipated Fed Funds increased Fed Funds increased forward rate curve.
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