Exhibit 12.1
EAST WEST BANCORP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Year Ending December 31, | ||||||||||||||||||||
| 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||
| Including interest on deposits | ||||||||||||||||||||
| Income before income taxes | $ | 572,188 | $ | 578,721 | $ | 447,023 | $ | 447,146 | $ | 441,288 | ||||||||||
| Fixed charges and preferred dividends | 112,873 | 111,590 | 121,562 | 126,170 | 151,123 | |||||||||||||||
| Total earnings | $ | 685,061 | $ | 690,311 | $ | 568,585 | $ | 573,316 | $ | 592,411 | ||||||||||
| Fixed charges: | ||||||||||||||||||||
| Interest expense | $ | 104,843 | $ | 103,376 | $ | 112,820 | $ | 112,492 | $ | 132,168 | ||||||||||
| Estimate of interest within rental expense | 8,030 | 8,214 | 8,742 | 8,731 | 8,594 | |||||||||||||||
| Total fixed charges | $ | 112,873 | $ | 111,590 | $ | 121,562 | $ | 121,223 | $ | 140,762 | ||||||||||
| Preferred dividends | — | — | — | 4,947 | 10,361 | |||||||||||||||
| Total fixed charges and preferred dividends | $ | 112,873 | $ | 111,590 | $ | 121,562 | $ | 126,170 | $ | 151,123 | ||||||||||
| Ratio of earnings to fixed charges | 6.07 | 6.19 | 4.68 | 4.73 | 4.21 | |||||||||||||||
| Ratio of earnings to fixed charges and preferred dividends | 6.07 | 6.19 | 4.68 | 4.54 | 3.92 | |||||||||||||||
| Excluding interest on deposits | ||||||||||||||||||||
| Income before income taxes | $ | 572,188 | $ | 578,721 | $ | 447,023 | $ | 447,146 | $ | 441,288 | ||||||||||
| Fixed charges and preferred dividends | 28,649 | 38,085 | 56,076 | 62,674 | 75,228 | |||||||||||||||
| Total earnings | $ | 600,837 | $ | 616,806 | $ | 503,099 | $ | 509,820 | $ | 516,516 | ||||||||||
| Fixed charges: | ||||||||||||||||||||
| Interest expense | $ | 104,843 | $ | 103,376 | $ | 112,820 | $ | 112,492 | $ | 132,168 | ||||||||||
| Less: Interest on deposits | 84,224 | 73,505 | 65,486 | 63,496 | 75,895 | |||||||||||||||
| Estimate of interest within rental expense | 8,030 | 8,214 | 8,742 | 8,731 | 8,594 | |||||||||||||||
| Total fixed charges | $ | 28,649 | $ | 38,085 | $ | 56,076 | $ | 57,727 | $ | 64,867 | ||||||||||
| Preferred dividends | — | — | — | 4,947 | 10,361 | |||||||||||||||
| Total fixed charges and preferred dividends | $ | 28,649 | $ | 38,085 | $ | 56,076 | $ | 62,674 | $ | 75,228 | ||||||||||
| Ratio of earnings to fixed charges | 20.97 | 16.20 | 8.97 | 8.83 | 7.96 | |||||||||||||||
| Ratio of earnings to fixed charges and preferred dividends | 20.97 | 16.20 | 8.97 | 8.13 | 6.87 | |||||||||||||||