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Condensed Financial Statements of Parent Company
 12 Months Ended
Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]  
Condensed Financial Statements of Parent Company CONDENSED FINANCIAL STATEMENTS 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)20242023
Assets
Cash in bank subsidiary$167,326 $113,950 
Investment securities (1)
24,998 24,429 
Investments in and receivables due from bank subsidiary1,826,227 1,707,832 
Other assets2,336 285 
Total assets$2,020,887 $1,846,496 
Liabilities and Shareholders’ equity
Borrowings$172,015 $196,606 
Other liabilities12,189 11,496 
Total liabilities184,204 208,102 
Shareholders’ equity1,836,683 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.
Income and Comprehensive Income Statements
For the Years Ended December 31,
(amounts in thousands)202420232022
Operating income:
Dividends from bank subsidiary$125,000 $90,000 $52,000 
Other900 1,643 1,264 
Total operating income125,900 91,643 53,264 
Operating expense:
Interest8,130 8,459 10,657 
Other3,961 2,251 3,410 
Total operating expense12,091 10,710 14,067 
Income before taxes and undistributed income of subsidiaries113,809 80,933 39,197 
Income tax benefit2,445 2,026 2,819 
Income before undistributed income of subsidiaries116,254 82,959 42,016 
Equity in undistributed income of subsidiaries65,215 167,184 186,018 
Net income181,469 250,143 228,034 
Preferred stock dividends15,040 14,695 9,632 
Net income available to common shareholders166,429 235,448 218,402 
Comprehensive income$221,478 $276,670 $69,918 
One of the principal sources of the Bancorp’s liquidity is the dividends it receives from the Bank, which may be impacted by the following: bank-level capital needs, laws and regulations, corporate policies, contractual restrictions and other factors. There are statutory and regulatory limitations on the ability of the Bank to pay dividends or make other capital distributions or to extend credit to the Bancorp or its non-bank subsidiaries.
Statements of Cash Flows
For the Years Ended December 31,
(amounts in thousands)202420232022
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 liabilities110 10,802 680 
Net Cash Provided By (Used in) Operating Activities115,998 95,784 47,024 
Cash Flows from Investing Activities
Purchases of investment securities(510)`(1,831)(2,095)
Other, net92 72 — 
Net Cash Provided By (Used in) Investing Activities(418)(1,759)(2,095)
Cash Flows from Financing Activities
Proceeds from issuance of common stock2,638 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 Equivalents53,376 41,097 (99,902)
Cash and Cash Equivalents - Beginning Balance113,950 72,853 172,755 
Cash and Cash Equivalents - Ending Balance$167,326 $113,950 $72,853