Customers Bancorp Inc
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
CUBI$85.27-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of and
CONSOLIDATED BALANCE SHEETS
(amounts in thousands, except share and per share data)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Cash and due from banks | $56,787 | $45,210 |
| Interest earning deposits | 3,729,144 | 3,801,136 |
| Cash and cash equivalents | 3,785,931 | 3,846,346 |
| Investment securities, at fair value (includes allowance for credit losses of $7,604 and $3,952, respectively) | 2,019,694 | 2,405,640 |
| Investment securities held to maturity | 991,937 | 1,103,170 |
| Loans held for sale (includes $163,891 and $189,277, respectively, at fair value) | 204,794 | 340,317 |
| Loans and leases receivable | 13,127,634 | 11,963,855 |
| Loans receivable, mortgage finance, at fair value | 1,321,128 | 897,912 |
| Allowance for credit losses on loans and leases | (136,775) | (135,311) |
| Total loans and leases receivable, net of allowance for credit losses on loans and leases | 14,311,987 | 12,726,456 |
| FHLB, Federal Reserve Bank, and other restricted stock | 96,214 | 109,548 |
| Accrued interest receivable | 108,351 | 114,766 |
| Bank premises and equipment, net | 6,668 | 7,371 |
| Bank-owned life insurance | 297,641 | 292,193 |
| Goodwill and other intangibles | 3,629 | 3,629 |
| Other assets | 481,395 | 366,829 |
| Total assets | $22,308,241 | $21,316,265 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Liabilities: | ||
| Deposits: | ||
| Demand, non-interest bearing | $5,608,288 | $4,422,494 |
| Interest bearing | 13,238,173 | 13,497,742 |
| Total deposits | 18,846,461 | 17,920,236 |
| FHLB advances | 1,128,352 | 1,203,207 |
| Other borrowings | 99,068 | 123,840 |
| Subordinated debt | 182,509 | 182,230 |
| Accrued interest payable and other liabilities | 215,168 | 248,358 |
| Total liabilities | 20,471,558 | 19,677,871 |
| Commitments and contingencies (NOTE 21) | ||
| Shareholders’ equity: | ||
| Preferred stock, par value $1.00 per share; liquidation preference $25.00 per share; 100,000,000 shares authorized; 5,700,000 shares issued and outstanding as of December 31, 2024 and 2023 | 137,794 | 137,794 |
| Common stock, par value $1.00 per share; 200,000,000 shares authorized; 35,758,246 and 35,459,342 shares issued as of December 31, 2024 and 2023; 31,346,507 and 31,440,906 shares outstanding as of December 31, 2024 and 2023 | 35,758 | 35,459 |
| Additional paid in capital | 575,333 | 564,538 |
| Retained earnings | 1,326,011 | 1,159,582 |
| Accumulated other comprehensive income (loss), net | (96,560) | (136,569) |
| Treasury stock, at cost (4,411,739 and 4,018,436 shares as of December 31, 2024 and 2023) | (141,653) | (122,410) |
| Total shareholders’ equity | 1,836,683 | 1,638,394 |
| Total liabilities and shareholders’ equity | $22,308,241 | $21,316,265 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.