Customers Bancorp Earnings Reports

Customers Bancorp delivered strong Q3 2025 results, reporting higher net income and EPS, improved efficiency ratio, and increased net interest margin. The bank also raised $163 million in equity, boosting its capital position.

Customers Bancorp reported a net income of $9.5 million, or $0.29 per diluted share, for Q1 2025. Core earnings, a non-GAAP measure, stood at $50.0 million, or $1.54 per diluted share. The quarter saw significant balance sheet optimization, including a securities portfolio repositioning, which impacted net income but improved structural liquidity and credit profile. Total loans and leases grew by 4.2%, and total deposits increased by 0.5% from the previous quarter, with a notable decrease in the average cost of deposits.

Customers Bancorp reported a Q4 2024 net income available to common shareholders of $23.3 million, or $0.71 per diluted share. Core earnings were $44.2 million, or $1.36 per diluted share. The company experienced growth in total loans and leases, as well as total deposits during the quarter. It strategically repositioned its securities portfolio to enhance liquidity and reduce asset sensitivity.

Customers Bancorp reported Q3 2024 net income available to common shareholders of $42.9 million, or $1.31 per diluted share. Total loans and leases held for investment grew by $520.8 million, and total deposits increased by $391.3 million. The CET 1 ratio was 12.5%, and the TCE / TA ratio was 7.7%.

Customers Bancorp reported a strong second quarter in 2024, with net income available to common shareholders of $54.3 million, or $1.66 per diluted share. The company exceeded its CET1 and TCE / TA ratio targets and experienced loan and deposit growth, along with an expansion in net interest margin.

Customers Bancorp reported a net income available to common shareholders of $45.9 million, or $1.40 per diluted share, for Q1 2024. The bank experienced growth in business unit deposits and non-interest bearing deposits, funded the repayment of maturing wholesale CDs, and maintained strong capital ratios. The net interest margin was 3.10%, and asset quality remained strong with a low NPA ratio.

Customers Bancorp reported a Q4 2023 net income available to common shareholders of $58.2 million, or $1.79 per diluted share. Core earnings were $61.6 million, or $1.90 per diluted share. The CET 1 capital ratio was 12.2% at December 31, 2023, and the TCE / TA ratio was 7.0%.

Customers Bancorp reported a strong third quarter in 2023, with net income available to common shareholders of $83.0 million, or $2.58 per diluted share. The company demonstrated a strong deposit strategy, growing core deposits by $1.3 billion, and experienced net interest margin expansion. Capital levels increased significantly, and asset quality remained exceptional.

Customers Bancorp reported strong Q2 2023 results, with net income available to common shareholders at $44.0 million, or $1.39 per diluted share. The company saw significant deposit growth, a positive deposit mix shift, and an increase in net interest margin. Strategic loan sales and the acquisition of a Venture Banking portfolio contributed to balance sheet optimization and improved capital ratios.

Customers Bancorp reported a decrease in net income available to common shareholders to $50.3 million, or $1.55 per diluted share, for Q1 2023. Despite the challenges in the banking industry, the company's strong risk management practices and focus on core banking fundamentals contributed to its performance.

Customers Bancorp reported a solid fourth quarter and full year 2022, with core bank earnings beating internal targets and estimates. The company's responsible organic growth strategy focuses on credit quality and prudent risk management.

Customers Bancorp reported a net income available to common shareholders of $61.4 million, or $1.85 per diluted share, for Q3 2022. Core earnings were $82.3 million, or $2.48 per diluted share. The company's ROAA was 1.24% and ROCE was 19.33%. Year-over-year loan growth (excluding loans to mortgage companies and PPP) was $4.5 billion, or 57.3%.

Customers Bancorp reported a net income available to common shareholders of $56.5 million, or $1.68 per diluted share, and core earnings of $59.4 million, or $1.77 per diluted share, for Q2 2022. The company's ROAA was 1.17% and Core ROAA was 1.23%.

Customers Bancorp reported a strong first quarter in 2022, with net income of $74.9 million, or $2.18 per diluted share, a 126% increase over Q1 2021. The company's ROAA was 1.63% and ROCE was 24.3%. Loan growth, excluding PPP loans and loans to mortgage companies, was $1.1 billion, up 12% over Q4 2021 and 33% year-over-year. Deposit growth was $3.9 billion, up 32% year-over-year.

Customers Bancorp reported a record Q4 2021 with net income of $98.6 million, or $2.87 per diluted share, up 87% over Q4 2020. The company experienced loan growth of $1.0 billion and a tangible book value increase of 33% over Q4 2020.

Customers Bancorp reported a record third quarter with net income of $110.2 million, or $3.25 per diluted share, a 120% increase over Q3 2020. The company's ROAA was 2.33% and ROCE was 40.82%. The Customers Bank Instant Token (CBIT) for real-time blockchain payments was launched in October 2021 and has attracted $1.5 billion in deposits.

Customers Bancorp reported a record net income of $58.0 million for Q2 2021, a 182% increase over Q2 2020. The company's ROAA was 1.27% and ROCE was 23.22%.

Customers Bancorp reported a net income of $33.2 million, or $1.01 per diluted share, for Q1 2021. Core earnings were $70.3 million, or $2.14 per diluted share, up 29% over Q4 2020 and 1,282% over Q1 2020. The company was the 5th largest PPP lender (Round 3) in the U.S. and expects to generate approximately $400 million of pre-tax revenues from PPP participation.

Customers Bancorp reported record fourth-quarter earnings, driven by net interest margin expansion and Paycheck Protection Program (PPP) loan income. The company's net income reached $52.8 million, or $1.65 per diluted share, a 121% increase over the same period in 2019. Strong asset quality and funding mix improvements also contributed to the positive results.

Customers Bancorp reported a strong third quarter with a 100% increase in GAAP net income compared to Q3 2019. The company benefited from revenue growth, driven by PPP loan originations and increases in commercial loans, as well as improved asset quality and operating efficiency.

Customers Bancorp reported a strong second quarter in 2020, with GAAP net income of $19.1 million, or $0.61 per diluted share, up 237% over Q2 2019. The bank originated $5.2 billion in PPP loans, ranking #6 in the nation, and total assets grew by $5.9 billion to $17.9 billion, up 49% in Q2 2020.

Customers Bancorp reported a net income of $7.0 million, or $0.22 per diluted share, for the first quarter of 2020. The results include the adoption of the Current Expected Credit Loss (CECL) standard, which resulted in a build of credit reserves of $100.4 million and a charge to Q1 2020 earnings of $23 million. Adjusted pre-tax pre-provision net income for Q1 2020 was $38.6 million, a 53% increase over Q1 2019.

Customers Bancorp reported a strong Q4 2019 with record GAAP earnings of $23.9 million, or $0.75 per diluted share, and core earnings of $24.3 million, or $0.76 per diluted share. The company's net interest margin expanded, and the BankMobile segment achieved profitability.