EX-12.1 3 ewbc12110k12312014.htm EXHIBIT 12.1 EWBC 12.1 10K 12.31.2014


Exhibit 12.1

EAST WEST BANCORP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES



 
 
Year Ending December 31,
 
 
2014
 
2013
 
2012
 
2011
 
2010
 
 
($ in thousands)
 
 
 
 
 
 
 
 
 
 
 
Income before tax
 
$
415,455

 
$
425,850

 
$
425,592

 
$
383,334

 
$
255,909

Fixed Charges
 


 


 


 


 


          Interest expense
 
47,334

 
48,996

 
56,273

 
70,312

 
84,380

          Estimate of interest within rental expense
 
8,742

 
8,731

 
8,594

 
7,605

 
7,744

          Preferred dividends
 
—

 
4,947

 
10,361

 
10,719

 
34,340

     Fixed charges and preferred dividend, excluding
 
 
 
 
 
 
 
 
 
 
          interest on deposits
 
$
56,076

 
$
62,674

 
$
75,228

 
$
88,636

 
$
126,464

     Interest on deposits
 
65,486

 
63,496

 
75,895

 
107,110

 
116,737

     Fixed charges and preferred dividend, including
 
 
 
 
 
 
 
 
 
 
          interest on deposits
 
$
121,562

 
$
126,170

 
$
151,123

 
$
195,746

 
$
243,201

Total earnings, fixed charges and preferred dividends,
 
 
 
 
 
 
 
 
 
 
     excluding interest on deposits
 
$
471,531

 
$
488,524

 
$
500,820

 
$
471,970

 
$
382,373

Total earnings, fixed charges and preferred dividends,
 
 
 
 
 
 
 
 
 
 
     including interest on deposits
 
$
537,017

 
$
552,020

 
$
576,715

 
$
579,080

 
$
499,110

Ratio of Earnings to Fixed Charges and Preferred
 
 
 
 
 
 
 
 
 
 
     Dividends
 
 
 
 
 
 
 
 
 
 
     Excluding interest on deposits
 
8.41

 
7.79

 
6.66

 
5.32

 
3.02

     Including interest on deposits
 
4.42

 
4.38

 
3.82

 
2.96

 
2.05