Android : Save (large) Edited JPEG With Full 24bit Colordepth Without Getting OutOfMemoryErrors?

I managed to handle a full size image (2048x1536) (moving around, zooming, some colorfilters, etc). However, i can only load these images in memory as RGB_565, one at a time. I try to free as much bitmap memory as possible (by recycling every possible bitmap cached/ open in my app), and then load the full-sized image in RGB_565 format. This works well.

The user can make some modifications (color balance, brightness, etc) and I like to save the resulting image in a JPEG file. However, on screen, all edits are shown in RGB_565. You can see the posterization because of the reduced pixel-depth. The quality degradation on the screen is a minor problem. My main problem is to apply these edits to the actual and higher quality ARGB_8888 data of the original JPEG file.

Trying to load a ARGB_8888 JPEG file with size 2048x1536 is not possible. I get an out-of-memory error. Is there any way to apply color-filters to ARGB_8888 data (instead of RGB_565) so that i won't lose a lot of image-quality when trying to save modifications into a JPEG file?