Stockholders’ Equity and Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of earnings per share calculations

The following table presents the basic and diluted EPS calculations for the years ended December 31, 2019, 2018 and 2017. For more information on the calculation of EPS, see Note 1 — Summary of Significant Accounting Policies — Earnings per Share to the Consolidated Financial Statements.




($ and shares in thousands, except per share data)	Year Ended December 31,
($ and shares in thousands, except per share data)	2019		2018		2017
Basic:
Net income	$	674,035	$	703,701	$	505,624

Basic weighted-average number of shares outstanding	145,497		144,862		144,444
Basic EPS	$	4.63	$	4.86	$	3.50

Diluted:
Net income	$	674,035	$	703,701	$	505,624

Basic weighted-average number of shares outstanding	145,497		144,862		144,444
Diluted potential common shares ⁽¹⁾⁽²⁾	682		1,307		1,469
Diluted weighted-average number of shares outstanding ⁽¹⁾⁽²⁾	146,179		146,169		145,913
Diluted EPS	$	4.61	$	4.81	$	3.47


(1)	Includes dilutive shares from RSUs for the year ended December 31, 2019, and from RSUs and warrants for the years ended December 31, 2018 and 2017.

(2)

The Company acquired MetroCorp Bancshares, Inc. (“MetroCorp”) on January 17, 2014. Prior to the acquisition, MetroCorp had outstanding warrants to purchase 771,429 shares of its common stock. Upon the acquisition, the rights of the warrant holders were converted into the rights to acquire 230,282 shares of East West’s common stock until January 16, 2019. All warrants were exercised on January 7, 2019.