Business Segments (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of Segment Reporting Information, by Segment

The following tables present the operating results for Customers' reportable business segments for the three month periods ended March 31, 2018 and 2017. The segment financial results include directly attributable revenues and expenses. Corporate overhead costs are assigned to the Community Business Banking segment as those expenses are expected to continue following the planned spin-off of BankMobile. Similarly, the preferred stock dividends have been allocated in their entirety to the Community Business Banking segment. The tax benefit assigned to BankMobile was based on an estimated effective tax rate of 24.57% for 2018 and 37.25% for 2017, respectively.



	Three Months Ended March 31, 2018
	Community Business Banking		BankMobile					Consolidated
Interest income	$	92,554	$	4,410		⁽¹	⁾	$	96,964
Interest expense	31,917		16					31,933
Net interest income	60,637		4,394					65,031
Provision for loan losses	1,874		243					2,117
Non-interest income	8,439		12,471					20,910
Non-interest expense	34,331		17,949					52,280
Income before income tax expense (benefit)	32,871		(1,327		)			31,544
Income tax expense (benefit)	7,728		(326		)			7,402
Net income (loss)	25,143		(1,001		)			24,142
Preferred stock dividends	3,615		—					3,615
Net income (loss) available to common shareholders	$	21,528	$	(1,001	)			$	20,527

As of March 31, 2018
Goodwill and other intangibles	$	3,630	$	13,847				$	17,477
Total assets	$	10,690,479	$	78,787				$	10,769,266
Total deposits	$	6,418,810	$	623,649				$	7,042,459
Total non-deposit liabilities	$	2,759,156	$	48,563				$	2,807,719



	Three Months Ended March 31, 2017
	Community Business Banking		BankMobile				Consolidated
Interest income	$	78,832	$	4,262	⁽¹	⁾	$	83,094
Interest expense	20,656		20				20,676
Net interest income	58,176		4,242				62,418
Provision for loan losses	3,050		—				3,050
Non-interest income	5,427		17,327				22,754
Non-interest expense	30,147		19,219				49,366
Income (loss) before income tax expense (benefit)	30,406		2,350				32,756
Income tax expense (benefit)	6,116		893				7,009
Net income (loss)	24,290		1,457				25,747
Preferred stock dividends	3,615		—				3,615
Net income (loss) available to common shareholders	$	20,675	$	1,457			$	22,132

As of March 31, 2017
Goodwill and other intangibles	$	3,636	$	13,982			$	17,618
Total assets	$	9,833,721	$	72,915			$	9,906,636
Total deposits	$	6,627,061	$	708,419			$	7,335,480
Total non-deposit liabilities	$	1,660,967	$	30,372			$	1,691,339

(1) - Amounts reported include funds transfer pricing of $4.4 million and $4.3 million for the three months ended March 31, 2018 and 2017, respectively, credited to BankMobile for the value provided to the Community Business Banking segment for the use of low/no cost deposits.