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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

Pay Versus Performance

 

The following table sets forth information concerning the compensation of our CEO and other NEOs for each of the fiscal years ending December 31, 2024, 2023, 2022, 2021, and 2020, and our financial performance for each such fiscal year.

 

          Value of Initial $100
Investment Based on:		    
Year Summary
Compensation
Table Total for
CEO1		 Compensation
Actually Paid
Total to CEO		 Average
Summary
Compensation
Table Total for
Non-CEO NEOs2		 Average
Compensation
Actually Paid to
non-CEO NEOs		 Total
Shareholder
Return		 Peer Group
Total
Shareholder
Return8		 Net
Income
($ in
millions)		 Return
on
Equity
20243 $9,213,633 $23,395,090 $2,611,210 $4,856,754 $224 $133 $1,166 15.93%
20234 $8,358,550 $15,412,681 $1,948,256 $2,572,881 $161 $104 $1,161 17.91%
20225 $9,076,408 $6,591,588 $2,236,396 $2,110,635 $135 $105 $1,128 19.51%
20216 $8,649,172 $27,525,426 $1,938,007 $3,294,597 $162 $126 $873 15.70%
20207 $6,933,775 $13,751,400 $1,284,762 $1,961,710 $104 $90 $568 11.17%

 

1.The CEO in 2024, 2023, 2022, 2021, and 2020 was Dominic Ng.
2.The non-CEO NEOs were Christopher J. Del Moral-Niles, Irene H. Oh, Douglas P. Krause, and Parker L. Shi in 2024; Christopher J. Del Moral-Niles, Irene H. Oh, Douglas P. Krause,

Parker L. Shi, and Gary Teo in 2023; Irene H. Oh, Douglas P. Krause, Parker L. Shi, and Gary Teo in 2022; Irene H. Oh, Douglas P. Krause, Parker L. Shi, and Nick Huang in 2021; Irene H. Oh, Douglas P. Krause, Andy Yen, Gary Teo, and Catherine Zhou in 2020.

3.The LTI Plan for the 2024-2026 performance period has an estimated payout of 175%. The LTI Plan for the 2023-2025 performance period has an estimated payout of 175%. The LTI Plan for the 2022-2024 performance period paid out at 173%.
4.The LTI Plan for the 2023-2025 performance period has an estimated payout of 175%. The LTI Plan for the 2022-2024 performance period has an estimated payout of 175%. The LTI Plan for the 2021-2023 performance period paid out at 178%.
5.The LTI Plan for the 2022-2024 performance period has an estimated payout of 175%. The LTI Plan for the 2021-2023 performance period has an estimated payout of 174%. The LTI Plan for the 2020-2022 performance period paid out at 182%.
6.The LTI Plan for the 2021-2023 performance period has an estimated payout of 175%. The LTI Plan for the 2020-2022 performance period has an estimated payout of 174%. The LTI Plan for the 2019-2021 performance period paid out at 182%.
7.The LTI Plan for the 2020-2022 performance period has an estimated payout of 175%. The LTI Plan for the 2019-2021 performance period has an estimated payout of 175%. The LTI Plan for the 2018-2020 performance period paid out at 167%.
8.The peer group used is the KBW Nasdaq BANK INDEX (“BKX”).
       
Named Executive Officers, Footnote The non-CEO NEOs were Christopher J. Del Moral-Niles, Irene H. Oh, Douglas P. Krause, and Parker L. Shi in 2024; Christopher J. Del Moral-Niles, Irene H. Oh, Douglas P. Krause,

Parker L. Shi, and Gary Teo in 2023; Irene H. Oh, Douglas P. Krause, Parker L. Shi, and Gary Teo in 2022; Irene H. Oh, Douglas P. Krause, Parker L. Shi, and Nick Huang in 2021; Irene H. Oh, Douglas P. Krause, Andy Yen, Gary Teo, and Catherine Zhou in 2020.

        
PEO Total Compensation Amount [1] $ 9,213,633 [2] $ 8,358,550 [3] $ 9,076,408 [4] $ 8,649,172 [5] $ 6,933,775 [6]
PEO Actually Paid Compensation Amount $ 23,395,090 [2] 15,412,681 [3] 6,591,588 [4] 27,525,426 [5] 13,751,400 [6]
Adjustment To PEO Compensation, Footnote

The following table reconciles the total compensation shown in the “Summary Compensation Table” to the compensation actually paid to NEOs shown in the “Pay Versus Performance” table above.

      CEO       Average of Non-CEO NEOs  
Year 2024 2023 2022 2021 2020 2024 2023 2022 2021 2020

Summary
Compensation
Table Total

 $9,213,633 $8,358,550 $9,076,408 $8,649,172 $6,933,775 $2,611,210 $1,948,256 $2,236,396 $1,938,007  $1,284,762

Less: Fair Value
of Stock Awards
Granted in Fiscal
Year

 (4,712,953) (4,745,307) (4,538,539) (5,065,596) (4,487,082) (787,163) (691,878) (669,169) (774,147) (474,638)

Add: Fair Value
of Stock Awards
Granted in Fiscal
Year - Value at
Year-End

 10,079,161 7,767,249 6,470,141 9,535,338 10,627,632 1,682,152 970,333 953,841 1,118,976 1,060,278

Change in Fair
Value for Stock
Awards Granted
in Prior Years that
were Unvested at
the End of Fiscal
Year

 8,009,604 1,451,398 (4,846,683) 10,881,577 1,180,999 1,113,589 153,827 (463,118) 781,123 100,365

Change in Fair
Value of Stock
Awards Granted
in Prior Years that
Vested during the
Fiscal Year

 147,519 1,919,170 (237,471) 2,894,477 (1,009,781) 132,991 124,875 (18,447) 193,214 (56,099)

Add: Dividends
Paid on Unvested
Shares Units for
the Fiscal Year

 658,126 661,621 667,731 630,458 505,857 103,977 67,467 71,132 37,423 47,041

Compensation
Actually Paid

 $23,395,090 $15,412,681   $6,591,587 $27,525,426 $13,751,400   $4,856,756   $2,572,880   $2,110,635   $3,294,596   $1,961,709
        
Non-PEO NEO Average Total Compensation Amount [7] $ 2,611,210 [2] 1,948,256 [3] 2,236,396 [4] 1,938,007 [5] 1,284,762 [6]
Non-PEO NEO Average Compensation Actually Paid Amount $ 4,856,754 [2] 2,572,881 [3] 2,110,635 [4] 3,294,597 [5] 1,961,710 [6]
Compensation Actually Paid vs. Total Shareholder Return

 

        
Compensation Actually Paid vs. Net Income

 

        
Compensation Actually Paid vs. Company Selected Measure

 

        
Tabular List, Table
Important Financial Performance Measurements
Return on Assets   Return on Equity   Total Shareholder Return
        
Total Shareholder Return Amount $ 224 [2] 161 [3] 135 [4] 162 [5] 104 [6]
Peer Group Total Shareholder Return Amount [8] 133 [2] 104 [3] 105 [4] 126 [5] 90 [6]
Net Income (Loss) $ 1,166,000,000 [2] $ 1,161,000,000 [3] $ 1,128,000,000 [4] $ 873,000,000 [5] $ 568,000,000 [6]
Company Selected Measure Amount 15.93 [2] 17.91 [3] 19.51 [4] 15.7 [5] 11.17 [6]
PEO Name         Dominic Ng
Additional 402(v) Disclosure

Board of Directors and Corporate Governance

The following table summarizes the compensation paid by the Company to non-employee directors for the calendar year that ended December 31, 2024:

 

Name

 Fees Earned or
Paid in Cash ($)1

Stock Awards ($)2

 All Other
Compensation ($)

Total ($)

Manuel P. Alvarez 133,768 133,732   267,500
Molly Campbell 133,768 133,732   267,500
Archana Deskus 133,768 133,732   267,500
Serge Dumont 133,768 133,732   267,500
Rudolph I. Estrada3 (retired)

158,768

133,732

  

292,500

Mark Hutchins 161,268 133,732   295,000
Paul H. Irving 156,268 133,732   290,000
Sabrina Kay 133,768 133,732   267,500
Jack C. Liu 161,268 133,732   295,000
Lester M. Sussman 201,268 133,732   335,000

 

1.Annual cash retainers were paid to directors in June 2024 for service from May 2024 to May 2025.
  
2.The Company granted 1,818 shares of the Company’s common stock to each non-employee director on May 28, 2024. The grant date fair value is based on the number of shares granted and the closing price of the Company’s stock on the grant date. The closing price of the Company’s common stock was $73.56 on May 28, 2024. The grant date fair values are computed in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic No. 718, Compensation—Stock Compensation. See the Company’s Annual Report on Form 10-K, Note 1 - Summary of Significant Accounting Policies, on the Company’s accounting for share-based compensation plans.
  
3.Mr. Estrada retired from the Company’s Board on March 3, 2025.
        
Measure:: 1          
Pay vs Performance Disclosure          
Name Return on Assets        
Measure:: 2          
Pay vs Performance Disclosure          
Name Return on Equity        
Measure:: 3          
Pay vs Performance Disclosure          
Name Total Shareholder Return        
PEO | Summary Compensation Table Total [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 9,213,633 $ 8,358,550 $ 9,076,408 $ 8,649,172 $ 6,933,775
PEO | Fair Value of Stock Awards Granted in Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,712,953) (4,745,307) (4,538,539) (5,065,596) (4,487,082)
PEO | Fair Value of Stock Awards Granted in Fiscal Year - Value at Year-End [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 10,079,161 7,767,249 6,470,141 9,535,338 10,627,632
PEO | Change in Fair Value for Stock Awards Granted in Prior Years that were Unvested at the End of Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 8,009,604 1,451,398 (4,846,683) 10,881,577 1,180,999
PEO | Change in Fair Value of Stock Awards Granted in Prior Years that Vested during the Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 147,519 1,919,170 (237,471) 2,894,477 (1,009,781)
PEO | Dividends Paid on Unvested Shares Units for the Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 658,126 661,621 667,731 630,458 505,857
PEO | Compensation Actually Paid [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 23,395,090 15,412,681 6,591,587 27,525,426 13,751,400
Non-PEO NEO | Summary Compensation Table Total [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,611,210 1,948,256 2,236,396 1,938,007 1,284,762
Non-PEO NEO | Fair Value of Stock Awards Granted in Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (787,163) (691,878) (669,169) (774,147) (474,638)
Non-PEO NEO | Fair Value of Stock Awards Granted in Fiscal Year - Value at Year-End [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,682,152 970,333 953,841 1,118,976 1,060,278
Non-PEO NEO | Change in Fair Value for Stock Awards Granted in Prior Years that were Unvested at the End of Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,113,589 153,827 (463,118) 781,123 100,365
Non-PEO NEO | Change in Fair Value of Stock Awards Granted in Prior Years that Vested during the Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 132,991 124,875 (18,447) 193,214 (56,099)
Non-PEO NEO | Dividends Paid on Unvested Shares Units for the Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 103,977 67,467 71,132 37,423 47,041
Non-PEO NEO | Compensation Actually Paid [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 4,856,756 $ 2,572,880 $ 2,110,635 $ 3,294,596 $ 1,961,709
[1] The CEO in 2024, 2023, 2022, 2021, and 2020 was Dominic Ng.
[2] The LTI Plan for the 2024-2026 performance period has an estimated payout of 175%. The LTI Plan for the 2023-2025 performance period has an estimated payout of 175%. The LTI Plan for the 2022-2024 performance period paid out at 173%.
[3] The LTI Plan for the 2023-2025 performance period has an estimated payout of 175%. The LTI Plan for the 2022-2024 performance period has an estimated payout of 175%. The LTI Plan for the 2021-2023 performance period paid out at 178%.
[4] The LTI Plan for the 2022-2024 performance period has an estimated payout of 175%. The LTI Plan for the 2021-2023 performance period has an estimated payout of 174%. The LTI Plan for the 2020-2022 performance period paid out at 182%.
[5] The LTI Plan for the 2021-2023 performance period has an estimated payout of 175%. The LTI Plan for the 2020-2022 performance period has an estimated payout of 174%. The LTI Plan for the 2019-2021 performance period paid out at 182%.
[6] The LTI Plan for the 2020-2022 performance period has an estimated payout of 175%. The LTI Plan for the 2019-2021 performance period has an estimated payout of 175%. The LTI Plan for the 2018-2020 performance period paid out at 167%.
[7] The non-CEO NEOs were Christopher J. Del Moral-Niles, Irene H. Oh, Douglas P. Krause, and Parker L. Shi in 2024; Christopher J. Del Moral-Niles, Irene H. Oh, Douglas P. Krause,

Parker L. Shi, and Gary Teo in 2023; Irene H. Oh, Douglas P. Krause, Parker L. Shi, and Gary Teo in 2022; Irene H. Oh, Douglas P. Krause, Parker L. Shi, and Nick Huang in 2021; Irene H. Oh, Douglas P. Krause, Andy Yen, Gary Teo, and Catherine Zhou in 2020.
[8] The peer group used is the KBW Nasdaq BANK INDEX (“BKX”).