EWBC - Earnings call transcript Q4 2024

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Operator

Good day, and welcome to the East West Bancorp's Fourth Quarter 2024 Earnings Call. [Operator Instructions] Please note that this event is being recorded. I would now like to turn the conference over to Adrienne Atkinson, Director of Investor Relations. Please go ahead.

Adrienne Atkinson

Thank you, operator. you, Fourth joining XXXX Quarter thank East to Financial and Bancorp's West and afternoon, everyone, us for review Results. Good Full Year Officer; Chief are Christopher Oh, me Dominic Chairman Officer. Chief With Ing, Chief Risk Del Officer; Financial Executive Moral-Niles, and Irene and Investor is our recorded replay being call will be site. This for available and on Relations slide referenced during our site. Relations deck this on The Investor call is available of may due make may projections number and Management to materially results the actual forward-looking which or from differ statements, a risks uncertainties. other

Management non-GAAP measures. may financial discuss

a detailed call a X-K Form our Exchange non-GAAP to over please For more risk and description factors the the to reconciliation financial filed Dominic. of and today. refer filings the Securities including to with I the of will GAAP Commission, turn measures, now

Dominic Ng

for Good for Earnings Call. Thank afternoon, us quarter full you thank and year joining and Adrienne. XXXX fourth today's you,

to in to front workers the I'd who the I lines would Before impacted cleanup everyone we were recovery efforts. helping and express and like and by my to begin, my public with Southern on service California. fire sympathy fighters, extend like deep wildfires volunteers to are also the gratitude

proud During and taking for need time city, the our our is this East actions our west to I'm customers, of our support of community associates.

the focus the businesses. on health For accommodation on of are are impacted, families help by we and customers an impacted to offering and fires, who as needed those basis their safety

relief funds home. the significant community contributed by their evacuation who also have lost impacted and who We for members associates or were

me results let is assessed this East With at on turn that, our have exposure to which financial minimal We West Slide X. time.

East for year record-breaking another West. was XXXX

share and levels net fee record income, income, revenue, deposits. earnings and per Our highlights include new loans for

year-over-year over strength X% a management, the payments consecutive was X% billion and East year average $X average and of to of part by businesses. year's last sales service loans wealth income model. speak deposits exchange further driven in and foreign C&I brand consistent growth. by deposit of emphasizing I'm and grew by commercial by portfolio lending. particularly fee and proud We residential results West Our our diversifying record also XXXX our across of execution

Asset stable with year-end full both of and points. assets, nonperforming net relatively basis year charge-offs quality XX in XXXX remained

We share In per were XXX,XXX to management but dealt and repurchased book managing efforts. We X We the We about the we substantial profile. risk events XXXX, and tangible on maintain on tangible fourth We fourth Irene quarter our in risk $XX believe credit a average pursuing credits, diligently in disciplined returns be and these will managing to approach credit vigilant share. opportunistic which occurrence value delivered quarter XX% price later. reported XX% with proactively shareholders. shares problem of generated are equity. elaborate for isolated remain are our common per growth a return an and at of recovery

I'm per also dividend pleased and increase share. our million an $XXX quarterly repurchase of authorization approved the to incremental announce X% to share to a $X.XX board

statement. income for me on the Let more to and sheet it details Chris turn balance

Christopher Del Moral-Niles

Thank you, Dominic.

start Slide on me Let with deposits X.

of we been deposits. XXXX, In West to BTFP sheet balance deposits record by East ability Over by confidence West XXXX, past maintaining our end-of-period while deposit-led. driven repaid growth our XX% X billion. core also years, loans $X.X allowed strong borrowings has $XX.X to East fund grow in to liquidity. early has In the grew us This a billion

with stability time balances we a During continued and uptick notable and market the savings DDA deposits. fourth in money overall quarter, saw in

Our deposit with levels has mix mid-XXs. stabilized the DDA in

quarter basis X.XX%. in points Our to fourth period-end deposit a declined XX costs total further the

below we markets, Notably, and for good X.XX%. special Lunar CD a and these expect X-month our basis potentially are good X-month are offering CD levels at price CD points regional XXXX QX, at New at competitive into Year these inflows a launched X.XX% believe year's XXX retention week, XXX points. on our was CD new money Looking last and last traction at these offering and We X.XX%.

Turning total new average and the fourth period was line X. grew loans in loans in stable by utilization growth with prior year East as was driven Slide by on West quarter-over-quarter. for our C&I to guidance. X%, loan of X% relatively quarter end by the credits

to QX, saw see in business sentiment. have partly given later evidence the third in XXXX yet we improving mortgage expect in we of drop the growth to Residential the reflecting had good increased in rates quarter we Although demand in pick QX, C&I overall up a quarter.

backup Despite going ], remain the the rates in quarter. pipelines into full [ recent first

income current mortgage loan residential interest deposit on mortgage further interest half residential by we strengths, at NII its more XXXX C&I Shifting strong margin of be in expect time. X% we primarily X%, in growth loan pace. driven as over costs. continued in and production X growth the to to the by and diversified rebounded the and back balanced total Slide expect continue lower of to to Overall, guided, driven and growth net range net a to We year, leading portfolio

the consistent quarter-over-quarter. growth set $X.X should margin net maturities off half our of of February. alleviate These The our balance levels deposit approximately and and and have Our us net and the XX fourth off, or interest-bearing XX $X.X X quarter here. swaps NIM. margin expected deposit with points basis further support billion end-of-period come basis quarter, January, impact. rolling our stable our in these hedges expected sheet our fourth of from costs negative hedge was interest In billion hedges from benefit down million At will of to deposit carry XX% basis while mix $XX off In rate the interest income end beta. spread X.XX%, second interest widened quarter, interest to at negative points total X the our income improving costs is to net roll points cost rolled our combine of a

for implied suggested. basis Our two assumes XX gradually curve XXXX, during income resulting curves net a outlook in year-end point cuts as steeping yield interest the

by fee XXXX. Fee XX% income. grew X grew last years and income to XX% the on Moving in by over

As Dominic record income XXXX. we achieved mentioned, in fee

the treasury was traction year over exchange and sales, execution strong particularly around driven management in foreign wealth past payments sales and by strength in management Our commercial activity.

into East order this West and X%. of driving been total management, deposit we wealth foreign as per fees NII X% XXXX. together, in XX% revenue growing in over focused to we expect exchange Taking has remain consistently XXXX year, growth and we at fee the on and income growth look account

deliver efficiency ratio was Fourth East quarter West XX.X%. to industry-leading efficiency. Turning now to expenses on Slide X. continue

XXXX. and assessment primarily at deposit is with in noninterest people Excluding an insurance operating clip past by years, grown for FDIC strategies. over have special total expectations our expenses XXXX. including line be our charges, growth support investments in on X growth X% our Expense driven tech is to in This average to expected the

comments I'll Now Irene hand the call and on to credit some over for capital.

Irene Oh

Chris, to all you, good call. on afternoon the Thank and

increased Slide the the from but largely we in net to solid. The quality credit commercial million. were shown as to As not Provision XX, $XX quarter from environment the credit both third million fourth benign the remains asset on companies and credits. were charge-offs determined in million. sector, losses quarter collateral X that fourth for the is had made technology and collectible. whole X in stemmed portfolio of charge-offs Net quarter loans industrial the domestic AR and were for and unrelated, were fourth These credits $XX a our quarter the $XX the

slightly Nonperforming XX stable remain loans, to XXX, ratio into to the criticized The assets categories remained at nonperforming classified basis quarter-over-quarter. and loan basis while of points, migration loan of points the and level increased loans basis ratio improved total XX levels. assets at absolute XX manageable loans low special mention problem points

and Regarding from the accessing expect Angeles, to we Canyon Based be Los exposure direct what we in on Palisades currently actively are minimal. know, Eaton fires. our our exposure we wildfires the

Hughes we entire loans the including to Based loan the loans We commercial time. largely impact the date, on of are Further, remain multifamily $XX consumer estate, our loan, loans. These the preliminary portfolio, industrial our from inclusive wildfires, any are gross limited credit vicinity outstanding proactive direct this collateral To fire the limited. commercial impacted. West risk. Los that million are identified foresee results north vigilant and of have in managing of exposure loans these and is in Angeles very we impact mortgage at just East totaling very but numbers real XX of exposures and in to credit

to know we today, range net XXXX basis projecting what of XX to charge-offs be in on we year that full XX Based the points. are

believe million fourth as XX, our or our allowance for XX, appropriately losses Slide is quarter at end. portfolio prior We on from seen of quarter unchanged the $XXX X.XX%, ended As loan December XXXX. reserved the credit

XX. institutions and Slide regulatory West X.X%. X well-capitalized equity East at well ratio in well bank West at regional capital remain the averages. East a is stands for capital above excess robust Turning Tier Common regulatory Equity ratio while XX.X%, tangible ratios common requirements to of

to Our first payable the February XXXX dividend Board will X. of Directors to record common $X.XX X% share, be of dividend XX per The stockholders stock has dividend. a on declared quarter of February on of a increase

opportunistically the quarter million. East repurchased $XX during XXXX stock shares XXX,XXX West of of for common fourth

to available. in $XXX now share to Chris I $XXX authorization, a the current comments Additionally, our a back resulting Board approved total has on new our outlook million Chris? it year. repurchase authorization full of for will few turn million

Christopher Del Moral-Niles

XX as XXXX, respect curve. economic of Irene. cuts of growth outlook the to assumes basis and with the guidance, With previously you, points over year-end further our yield modest course our consistent Thank mentioned,

We to X% in continued and of strength residential with C&I grow X% range lending. expect in to end-of-period relative both loans the

X% range momentum by bolstered our total grow in by in X% our revenue driven to in growth fee growth and of income range net continued We the income businesses. interest the expect of X%, balance to sheet to X%

we range range expenses. expenses let and to increase of driven the XX% account of lower open headcount expected are expected X% call operating me and in basis year-over-year, IT-related for X% to the XX that, rate XX offset expect to to the deposit tax in charge-offs of year full effective up by points the questions. now net With by in partly Again, expenditures, XX%. primarily our Total range

Operator?

Operator

question And [Operator from will of Jared first today come Barclays. Shaw your Instructions]

Jared David Shaw

and the preparation we there? When technology Maybe how you're And X? of of of that just investments in color year? people you that most about highlighting, in the the investments should look Or the during expense around would describe of think that the the in sort Category being guide. layered starting is for sort course with at you how

Christopher Del Moral-Niles

Yes.

all the be mind, we and in capable to expect the customers years, I we our a years ahead. of the make smaller But to is expect well-positioned we relative coming bank will to in high and think investments needs meet over a the note for percentage that bank to With bank to would strong, the we off our need of mind, others. continue keep be the in expense base. that I perhaps much it's some be

percentage positive operating And the so even outstrips growth leverage. our implied growth meets the expense revenue far and larger

Jared David Shaw

And want level? stock that buy of the the should repurchase you the limited then changes? the Okay. philosophy the we this to in the at see back Great. flexibility in the capital just buyback it's more have change we or if great is done this in it light a look announcement amount of Or But of something buyback when around is think you've a future I with sort it increasing in past, that guess the utilizing buyback. to of to

Christopher Del Moral-Niles

opportunistic. The of and points fourth quarter, that interest we be we certainly the has philosophy in were we We of the opportunistic shareholders. saw plenty our the to flexibility the like We'll quarter. in fourth been but to what's do continue price have in here opportunistic, best

Jared David Shaw

potentially view ratios? around capital it opportunistic more price? of broader seeing view Or share that the Is is a lower only

Christopher Del Moral-Niles

customers think and us the there think out operate the withstand strength for impact concern. that's the be flexibility of from like and XX% to comes that here since great economic bank East in, of a has capitalized regardless events industry we if well, capital place company being to the out differentiator for gives fires we capital, be rate of environment weren't a I of whatever customers. able earning our position to that do it our X for strength some year on or may the very, West. tangible with year of allows a . very served here the returns tragically be. But better I we've consistently And Being of regardless would to been in that that years, banks is it's

Operator

Morgan with Gosalia Manan from come will Stanley. today question next Your

Manan Gosalia

wanted I start side. down the points to on or on deposit nicely, XX basis They're interest-bearing costs. still

know you're some have XX% beta reprice a lower. I guess there. to your of I still getting CDs So

shake a down think you that do for to where out So more we go there betas. Is room on lot should here? deposit from

Christopher Del Moral-Niles

been been consistent to guiding see a we're results quarters have the over and that XX% we've Manan, beta, the of about last with to pleased couple that.

see think or momentum I long are that lower. moving to positive as we'll continue as lower move expected to rates on

that of cuts. bit a ahead benefit have effectively actual repriced little we so And Fed the that the CDs

that so curve to And here shake near as back later continue into term. yield the will see where get the year. out our over we half to We'll be the benefit of with things the

Manan Gosalia

of you Do in end that that were $XX quarter, next fourth due you last CDs for or think noted $XX number I reprice the in the the the quarters. billion billion X quarter? to have of so

Christopher Del Moral-Niles

QX billion to X% X-ish less There's repricing in another it QX repricing drops Yes. in off than in X-ish, then and $XX QX. and

Manan Gosalia

it. Got

Okay. growth. as there? And follow-up And expect have maybe improving you're some impact sentiment. through, growth on growth roll pick or on know Can give you your among tariffs seeing that as us base? investment I a an more color maybe client up that would business what loan on you C&I spend you to noted with

Christopher Del Moral-Niles

I is the outlook our with driving year-over-year. question up first heard sort what's think of And the of sentiment. positive reality business are your commitments is X% I part

we number a know strong So with our industries. of Obviously, to business. capacity draw a and across powder there's number there's and active have of entertainment dialogue we customers dry a customers

of We along. we and we matter roll that. wait through projects market move to does, it private But have those a year, partly be the the equity rate opportunities there'll outlook positive We'll what time in interest that will on be dependent. as and variety of see know of then how a

Maybe I The can second part missed. it. question, Manan, you of your repeat

Manan Gosalia

it So tariffs if was impact would just that outlook?

Christopher Del Moral-Niles

we X unimpacted overall both by fairly time, this under tariffs sheet, as tariffs look the back the last Biden growth At over deposit and the the of balance loan was the in point in the years, both and the on administration. of introduction extension side

have reality don't in so have impact. there's a And so on is, material don't point time, what this pass. will to think to at in a seen have we've the Obviously, we far, at a all reason waiting see we're it I tariffs believe what orders, point missed flurry may much time. to come of based so we and expect ultimately But I some, this

prepare our But to of themselves had their them of expectation X prepared have customers in any have the of case, years on them these, tariffs. many their many for for reorganized here have chains, own supply

whatever politicians our we're a on think can. taken the in just reality land so they their of customers that's support I here being supportive proactive many is, to that. decide stance to have where that And business, and our customers. way We're managing for we But to

Dominic Ng

at East acquisition And for And the on just add whatnot. make not activity, able the rate to of able we also were our Coincidently, West but deposits of record. any at to last annual did we on an growth our kind to want M&A on just XX%. deposits an And Bank the deposit grow I -- basis grow annual XX%. X side, years, were

any use our to pretty not most of peer that. while actually much group supplement we kind we even did So activities M&A competitors at outgrew our of

the path appropriately we and growth. figure that where the the of that we X the to very years, to a whatever, able like to to navigate. day, you recognizing find tariffs, the done that our take end organically. out down I give to continue find tariffs, I be and East West to and way should somehow East able in perspective successful really grow So expertise be X more bank comfortable for -- back feel think We've and last will and mean years, at next would way of that gets that's knowledge kind it West how good global pretty right? a that tariffs, to

Operator

from your next Bank Ebrahim America will And today question ML. come of with Poonawala

Ebrahim Poonawala

growth remain of terms Heard loan incremental if commercial going real Are be points, netting they the see loan in where that moves running if growing? CRE are And maybe loan curve your up XX, guidance? any by I on probably to estate. out XX off book? the and that's basis CRE comments just rates there your expect those or us balances. we growth. credit they on risk Remind guess on should what another in first is you Are

Christopher Del Moral-Niles

either the down balances the both If Ed, actually last over a both So total CRE year, last bit look quarter or periods. are at you

of on growing have helps expect be in our our we rates our From would such many yes, cases, CRE will rate as book. in space, muted we growth focusing credit are such customers that would rates think hurt many impacts appendix are risk and credit strong that we some. loan a perspective, the The good say We profile show, forward. And average is pages sizes Obviously, very residential. in LTVs more a move the C&I our I and our will materials no small we the in have lower that, of are news impact. higher

as won't paying whatever sure them that make customers basis help working in forward. case, XXX points with they they we for many when move any rates it. mind, customers these to are higher, our really through changes we in Keep and were And face we were all we're have hope, ready issues,

Irene Oh

short-term the Ed, don't of loans just increase question, tied They're that our to to our impacts also modest think in really rates. rates in kind long-term your specifically in I more answer portfolio.

Ebrahim Poonawala

going where But given this just should over year. on this to expect wondering, trending revenue years? dollar investments Or next of up Chris, expenses few higher? That's it's But this I the the this we . you is best-in-class the generally ratio a maybe point ratio limited efficiency guidance? be I'm sort of -- should I terms means, preparation just in basis, of thinking the higher making. think again, drift helpful. mentioned about today. And CAT is it it follow-up, in are X, terms the I about for year your exceed efficiency you're Is a guess

Christopher Del Moral-Niles

at look back the been several If years, it's growing clip. we faster over last a

been several we're So last on I we've the be and think reality that pace materially won't expecting acknowledging different. for is, the the XXXX years

in decade, on more we've for efficiency years. make last that profitability a we being average platforms the be. consistent the think people last our Dominic's best-in-class grow, and to us X long-term don't that, the vision investing need to to been I deliver the long-term we continue can efficiency, several and about we decades for over philosophy for going trajectory change We able years we make don't to the last go. means there. materially investments make We're anything been know to have and that that it about I have leadership, changed under bank want expect I to get We've over to X

Dominic Ng

high the are me to assets, by that, earning saying of pay on et to Efficiency me growth, It's available as share add attention Let is we it one equity, priority. have obviously, public. more components share return that for cetera. for the a with we us, obviously on not return per will

I other anything gradually, into way. The we'll while do West and reason never are that the we Let products you it expand revenues. change is say And model would fee when business continue dramatically. to this East put this me growing,

record that. have quarter, our That's breaking. year performance to high So in, why out, you about worry after you consistent don't breaking record year after quarter see

that continue is fee for management, talent to not build that et these you generate we and worry we shocking fee cetera, suddenly clients this record us. So direction about to our while a are keep our exchange, et cash utilize will capabilities, income cetera, for direction, everybody. product management, income record that to that's you acquire out pivot have will fee fee for income, income foreign it that continue that may more actually to notice going we to we right, go But wouldn't calling wealth

the we're that, think a than right? will While ratio I doing deposits be shop, expense loans different predominantly and

peers grow so understand back sheet West look what our coming income and So is healthiest the should with that key -- the we're mean? we how the actually balance in what performance to, at position quartile, down we good. as diversifying P&L, East stream, to and that exactly start way and continue we we does as peers, we our Bank long our know My really comparing the to our top And sit outperform

I it's So ridiculously worried XX%, that's at if efficiency deal. right low frankly, too not it it the I'm not now, now, about big from look reason quite to And ratio why the right a XX% it. so looks

Operator

will And from Braziler your Wells next with question Fargo. today come Timur

Timur Braziler

looking at that some were loans by of the wildfires. affected the Just

to requirements collections for specifically? book Just bank borrowers? obligations remind insurance time of be us your And of the insurance us through line might SFR of the walk just impacted of and kind what then maybe the the the

Irene Oh

Yes.

think the customers the Timur. XXXX great we or and hazard these the we live is certainly I've realistically, there, consumer wildfires, gone say for will assurance because where accommodate impacted have and time needs. have I loans past, past at can in make as also, mortgages. impact their well. in record take the under is We've we where years this especially that and look at let's assurance have people So we things the loans, these our equity something the properties. track we homes, placed rebuild. our is that's the that also The through properties hazard and say, covered end this adequate exposure with But beyond borrowers in the to are sure affirmatively mentioned really day, low, don't a LTVs enough on much loans. -- question, as for I are can that of all And

Timur Braziler

looking small disruption? And kind business potential West side East on frame, the start is of maybe that of what potential in then some how you just recovery to for impact and frame this impact, but the And process? C&I the some the participate do of are maybe to Okay. expectations at hard to

Irene Oh

Yes. located that Great far might as collateral blush, had in in impacted impacted as those looking review areas and this also question. the through as we're that have business areas. commercial portfolios, industrial included businesses loans first our At or were

As you maybe where many C&I real know, actual estate, we the totally have are they loans collateralized unrelated to sometimes by business.

I from we're because that businesses that perspective, So earlier. the numbers in comfortable are shared very included factors Small those impact one by one.

reaching get concerned out But customers that would to thus at we certainly are that. been And community. hasn't do we'll to far, we're accommodate, We look the that there to of need are say that again, owners there I if information business are anything things to about. part really the small

Dominic Ng

there and substantial local from to government. add that I coming federal, state are assistance want both

So is there small [indiscernible] SBA obviously, and out for business, for et then cetera. relief FEMA,

there, to our provide -- wild resources fires. accommodate customers, of business the than that happy only customers ready by support more we also to West just to out solutions these that are impacted not flexible that it's are small East plenty but So are

Timur Braziler

the quarter of transitory of last And all that around of nature? versus the for much balance period, just growth average, wondering, just obviously, some I'm Great. or up both more. looking in end first are the DDA then me, in that up, end-of-period at end-of-period into stick does

Christopher Del Moral-Niles

to as from seems draw our on mix stabilized we comfort we sit the few quarter, have here, into DDA we we positive where Well, deposits, sure, I are, year-end what move it as we we and a trajectory is, think is probably forward. have weeks think some a transitory but

Operator

Ben And with your will next question Citi. from today Gerlinger come

Benjamin Gerlinger

I think When just have follows about some specials week. know question. actually roll started hedge Year's pretty you off. up I'm we already the Manan's CD next has of repricing, kind New It your on you the sure with And know

was it think I mid-quarter.

expecting, it. you be of what and of kind outside kind XQ had give Can of deposits, might about net guess, us color margin impact you're the for so of of when noise XQ, because I think much you XQ loans So just in you some like say. just kind

Christopher Del Moral-Niles

short-term Yes. I will mean answer the I it better. think get is

don't least we anything, that rolling the off, still deposits action that's we're at So lower. not to is, on the we rate know the what in know are the much, reality going if forward We QX, and said. expect reprice hedges some side

all So positive. that's of

Benjamin Gerlinger

Got you.

Okay. That is helpful.

else has been I answered, so time. everything and asked the think appreciate

Operator

from Chris come McGratty will today question with KBW. next Your

Christopher McGratty

the Slide Or on to starting want dollars happened to that are like year, kind credit? just right the GAAP the tax guide. adjustments the expense XX the point I Is there during one-off point. ex get for of

Christopher Del Moral-Niles

small There a amount of was FDIC.

think line. expense focusing operating noninterest here the I So on we're

the don't any Slide XX line. tables, if FDIC So you base, the look at number look we of as press and assessment release FDIC But if forward. we that includes that a as special obviously, expect

of So that's sort focus a to baseline for you on.

Christopher McGratty

amortization that's or baked guide? Okay. into And then the backed within that, could on the tax in you help

Christopher Del Moral-Niles

below line next the that. is amortization tax the actually, So

why noninterest growth. So operating expense the on we focus that's

Christopher McGratty

trying the right But the for just adjusted get in XXXX, I'm line? amortization to

Christopher Del Moral-Niles

move think the in adopted, adopted make, depending will but we why more it part to be line. we and will will XX% an didn't what tax investment as be will rate mean actual tax we we as It don't -- guide be PAM tax probably is closer the or our the offset invest. in we of will That's to all specifically It normalized volatile in poised accounting XX% to be it on that. on XXXX. think a what in we I but amortization number did range range, this the that we be of

Christopher McGratty

Understood.

deploy on any revenues kind then, capital? the and noninterest And commentary. would income of use businesses to the some Great. Are diversify capital Okay. or there Dominic, consider opportunities that you

Dominic Ng

that for we've in The Anything last acquisition. is bar. a made consider, haven't that we years, reason the we will the pretty fact, XX -- but high it's an in well done

business. do at distraction our can is even terms to so our the challenge look to a there we balance And focus in of of I related from a is certain wanted growth positive and P&L, that extent, immediately while way possibly to we inorganic the the sheet a it anything have impact running

what at doing, we're well really done growing focusing organically. We've on just

high why I it's to easy would bar. be potential a these that's not It find So acquisitions. say

business acquisition then it's all to right? easiest to We're that's relationship institutions good business. no have a So what us, at And easier not lot banking. and the I think cut ability find the who they then thing somebody generate actually grow, for is no target good costs, buy for growing at. go we're do ability when to and

obviously, that what eyes I in we're the open. bar makes that's highly opportunity. high there our find we'll it that standpoint, the So what call But not likely out keeping

Operator

Tenner from question come Gary Davidson. D.A. today next with will Your

Gary Tenner

thinking I about think loan growth, growth least FHLB special. gave guide a just of how New quarter in you your Lunar matures on at got -- you're wanted first and outstanding the but you've the here that about balance part sheet Year I the to ask as overall

you or So funds, deposit the Would to how roll we're you you use able a side. utilizing pretty have would thinking are on pay some FHLB growth to down to if about good the quarter FHLB? plan

Christopher Del Moral-Niles

always think to of available. readily first may always about I end have to the -- So foremost, with what being customers, the state sheet their think and balance borrowing to the desired funding needs we and support make the think that as growth here we're liquidity be I and our whatever

are Second, opportunistically liquidity continuing think to investment manage those we levels. strong right now. We the look at pretty

or And So cost our down the that's not higher our evaluate higher to within thrust at incremental to that other yes, portfolio. with changing but pay then, continue borrowings cost other we'll market deposits the conditions. moment,

certainly And on we we'll today, that borrowing traction best good we're spending our optimistic that to how get the here deploy at produces Lunar And sit excess special. be beyond additional CD looking we'll that. growth, if so as

Gary Tenner

the that Okay. -- of of the FHLB part -- how of matures floating in first there quarter? much the is And

Christopher Del Moral-Niles

have later see There's much down how from roll we'll and $X we the garner the that. evaluate pay CD in due comes that billion or quarter, the fund, as to opportunity how we we program

timed flexibility campaigns. make we of expected We have may our time to around the the have that sure CD maturities

Operator

the session. would any question-and-answer our Ng I conference to back conclude will This Dominic remarks. closing for to over turn like

Dominic Ng

you. thank speaking everyone today. our in joining you like we Well, forward Thank to to just are for with And looking April. I'd call

Operator

concluded. for presentation. attending now has you conference Thank today's The

You may disconnect. now

East West Bancorp (EWBC) 23 Jan 252024 Q4 Earnings call transcript