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Condensed Financial Statements of Parent Company (Tables) | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Summary of Condensed Balance Sheets of Parent Company | The following tables present the condensed financial statements for Customers Bancorp, Inc. (parent company only) as of December 31, 2024 and 2023, and for the years ended December 31, 2024, 2023 and 2022. Balance Sheets
| December 31,
(amounts in thousands) | 2024 |  | 2023
Assets |  |  |
Cash in bank subsidiary | $ | 167,326 |  |  | $ | 113,950 |
Investment securities (1) | 24,998 |  |  | 24,429 |
Investments in and receivables due from bank subsidiary | 1,826,227 |  |  | 1,707,832 |
Other assets | 2,336 |  |  | 285 |
Total assets | $ | 2,020,887 |  |  | $ | 1,846,496 |
Liabilities and Shareholders’ equity |  |  |
Borrowings | $ | 172,015 |  |  | $ | 196,606 |
Other liabilities | 12,189 |  |  | 11,496 |
Total liabilities | 184,204 |  |  | 208,102 |
Shareholders’ equity | 1,836,683 |  |  | 1,638,394 |
Total Liabilities and Shareholders’ Equity | $ | 2,020,887 |  |  | $ | 1,846,496 |
(1) Includes perpetual preferred stock issued by domestic banks or bank holding companies and equity securities issued by fintech companies, without a readily determinable fair value, at December 31, 2024 and 2023. No impairments or measurement adjustments have been recorded on the equity securities without a readily determinable fair value since acquisition.
Summary of Condensed Income Statements of Parent Company | Income and Comprehensive Income Statements
| For the Years Ended December 31,
(amounts in thousands) | 2024 |  | 2023 |  | 2022
Operating income: |  |  |  |  |
Dividends from bank subsidiary | $ | 125,000 |  |  | $ | 90,000 |  |  | $ | 52,000 |
Other | 900 |  |  | 1,643 |  |  | 1,264 |
Total operating income | 125,900 |  |  | 91,643 |  |  | 53,264 |
Operating expense: |  |  |  |  |
Interest | 8,130 |  |  | 8,459 |  |  | 10,657 |
Other | 3,961 |  |  | 2,251 |  |  | 3,410 |
Total operating expense | 12,091 |  |  | 10,710 |  |  | 14,067 |
Income before taxes and undistributed income of subsidiaries | 113,809 |  |  | 80,933 |  |  | 39,197 |
Income tax benefit | 2,445 |  |  | 2,026 |  |  | 2,819 |
Income before undistributed income of subsidiaries | 116,254 |  |  | 82,959 |  |  | 42,016 |
Equity in undistributed income of subsidiaries | 65,215 |  |  | 167,184 |  |  | 186,018 |
Net income | 181,469 |  |  | 250,143 |  |  | 228,034 |
Preferred stock dividends | 15,040 |  |  | 14,695 |  |  | 9,632 |
Net income available to common shareholders | 166,429 |  |  | 235,448 |  |  | 218,402 |
Comprehensive income | $ | 221,478 |  |  | $ | 276,670 |  |  | $ | 69,918 |
Summary of Condensed Statements of Cash Flows of Parent Company | Statements of Cash Flows
| For the Years Ended December 31,
(amounts in thousands) | 2024 |  | 2023 |  | 2022
Cash Flows from Operating Activities |  |  |  |  |
Net income | $ | 181,469 |  |  | $ | 250,143 |  |  | $ | 228,034 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |  |  |  |
Equity in undistributed earnings of subsidiaries, net of dividends received from Bank | (65,215) |  |  | (167,184) |  |  | (186,018) |
(Increase) decrease in other assets | (366) |  |  | 2,023 |  |  | 4,328 |
Increase (decrease) in other liabilities | 110 |  |  | 10,802 |  |  | 680 |
Net Cash Provided By (Used in) Operating Activities | 115,998 |  |  | 95,784 |  |  | 47,024 |
Cash Flows from Investing Activities |  |  |  |  |
Purchases of investment securities | (510) |  | ` | (1,831) |  |  | (2,095) |
Other, net | 92 |  |  | 72 |  |  | — |
Net Cash Provided By (Used in) Investing Activities | (418) |  |  | (1,759) |  |  | (2,095) |
Cash Flows from Financing Activities |  |  |  |  |
Proceeds from issuance of common stock | 2,638 |  |  | 3,947 |  |  | 2,720 |
Repayments of other borrowings | (25,000) |  |  | — |  |  | (100,000) |
Preferred stock dividends paid | (15,147) |  |  | (14,636) |  |  | (9,326) |
Purchase of treasury stock | (19,243) |  |  | (39,806) |  |  | (33,162) |
Payments of employee taxes withheld from share-based awards | (5,452) |  |  | (2,433) |  |  | (5,063) |
Net Cash Provided by (Used in) Financing Activities | (62,204) |  |  | (52,928) |  |  | (144,831) |
Net Increase (Decrease) in Cash and Cash Equivalents | 53,376 |  |  | 41,097 |  |  | (99,902) |
Cash and Cash Equivalents - Beginning Balance | 113,950 |  |  | 72,853 |  |  | 172,755 |
Cash and Cash Equivalents - Ending Balance | $ | 167,326 |  |  | $ | 113,950 |  |  | $ | 72,853 |

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