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