Customers Bancorp, Inc 5.375% S

Customers Bancorp, Inc. (CUBI) reported strong FY 2025 results with total assets growing to $24.90B from $22.31B in 2024, driven by loan expansion to $16.60B net (up from $14.31B) and deposits to $20.78B (up from $18.85B). Net interest income rose 14.8% YoY to $750.5M, fueled by $1.36B interest income (up from $1.33B) despite higher $609.1M interest expense. Provision for credit losses increased to $98.0M from $73.5M amid portfolio growth. Non-interest income was $67.8M, down slightly from $60.4M, impacted by $51.3M debt securities impairment. Non-interest expense grew 3.6% to $431.9M, led by salaries ($189.0M). Net income reached $224.1M (up 23.5% YoY), with net income to common shareholders at $209.2M and diluted EPS $6 (up from $5.09). Cash from operations was $494.8M, supporting $625.5M cash increase. Equity strengthened to $2.12B. Growth reflects diversified lending and deposit strategies, positioning for sustained profitability amid rate pressures.

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