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The Company’s common stock is traded on the Nasdaq Global Select Market under the symbol “EWBC”.
−Removed: As of January 31, 2024, the Company had 702 stockholders of record of the Company’s common stock, not including beneficial owners whose shares are held in record names of brokers or other nominees.
−Removed: Holders of the Company’s common stock are entitled to receive cash dividends when declared by the Company’s Board of Directors out of legally available funds.
−Removed: The Board of Directors presently intends to continue the policy of paying quarterly cash dividends, however, there can be no assurance as to future dividends because they are dependent on the Company’s future earnings, capital requirements and financial condition.
+Added: As of January 31, 2025, the Company had 675 stockholders of record of the Company’s common stock.
+Added: The actual number of stockholders is greater than this number of record holders and includes stockholders who are beneficial owners but whose shares are held in street name by banks, brokers and other nominees.
+Added: A discussion of dividend restrictions is set forth in Item 1.
+Added: Business — Supervision and Regulation — Dividends and Other Transfers of Funds and Note 16 — Regulatory Requirements and Matters to the Consolidated Financial Statements in this Form 10-K.
+Added: For information regarding dividends, see Item 7.
+Added: MD&A — Balance Sheet Analysis — Capital in this Form 10-K.
Securities Authorized for Issuance under Equity Compensation Plans
For information regarding securities authorized for issuance under the Company’s equity compensation plans, see Note 13 — Stock Compensation Plans to the Consolidated Financial Statements and Item 12.
−Removed: Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters presented elsewhere in this Form 10-K, which are incorporated herein by reference.
+Added: Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters in this Form 10-K.
Five-Year Stock Performance
−Removed: The following graph and table compare the Company’s cumulative total return on its common stock with the cumulative total return of the Standard & Poor’s (“S&P”) 500 Index and the KBW Nasdaq Bank Index (“BKX”) over the five-year period through December 31, 2023.
+Added: The following graph and table compare the Company’s five-year cumulative total return on its common stock with the cumulative total return of the Standard & Poor’s (“S&P”) 500 Index and the KBW Nasdaq Bank Index (“BKX”).
The cumulative total shareholder return assumes the investment of $100 in the Company’s common stock and in each index on December 31, 2019 and the reinvestment of common stock dividends.
+Added: The returns shown are based on historical results and are not intended to suggest future performance.
The S&P 500 Index is utilized as a benchmark against performance and is a commonly referenced U.S.
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S&P 500 Index $100.00 $118.40 $152.39 $124.79 $157.59 $197.02
−Removed: The graph is not indicative of future stock price performance.
−Removed: The information set forth under the heading “Five-Year Stock Performance” shall not be deemed to be “soliciting material” or to be “filed” with the SEC or subject to the liabilities of Section 18 of the Exchange Act, except to the extent that the Company specifically requests that such information to be treated as soliciting material or specifically to be incorporated by reference into a filing under the Securities Act or the Exchange Act.
Repurchases of Equity Securities by the Issuer and Affiliated Purchasers
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Calendar Month Total Number of Shares Purchased (1)
−Removed: Average Price Paid per Share of Common Stock
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in millions) (2)
+Added: Average Price Paid per Share of Common Stock Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in millions) (2)(3)
October — $ — — $ 49
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(1) Excludes the repurchase of common stock pursuant to various stock compensation plans and agreements.
−Removed: (2) On March 3, 2020, the Company’s Board of Directors authorized, and the Company announced, a stock repurchase program under which the Company may repurchase up to $500 million of its common stock.
+Added: (2) Excludes excise taxes and commissions.
+Added: As part of the Inflation Reduction Act of 2022, a 1% excise tax was imposed on net share repurchases effective January 1, 2023.
+Added: (3) On March 3, 2020, the Company’s Board of Directors authorized the repurchase of up to $500 million of its common stock.
The stock repurchase authorization has no expiration date.
+Added: On January 22, 2025, the Company’s Board of Directors authorized the additional repurchase of $300 million of East West stock, which will remain valid until December 31, 2026.
Refer to Item 7.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.