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SHAREHOLDERS’ EQUITY (Tables)
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Schedule of Stock by Class
The table below summarizes Customers’ issuances of preferred stock that remain outstanding at September 30, 2025 and December 31, 2024 and the dividends paid per share:
(amounts in thousands except share and per share data)Shares atCarrying value at
Initial Fixed Rate
Date at which dividend rate becomes floating and earliest redemption date
Floating rate of Three-Month SOFR (1) Plus:
Dividend Paid Per Share in 2025 (2)
Fixed-to-floating rate:Issue DateSeptember 30, 2025December 31, 2024September 30, 2025December 31, 2024
Series EApril 28, 2016—2,300,000$— $55,593 6.45 %June 15, 20215.140 %$1.23 
Series FSeptember 16, 20163,400,0003,400,00082,201 82,201 6.00 %December 15, 20214.762 %$1.77 
Totals3,400,0005,700,000$82,201 $137,794 
(1)    Pursuant to the Adjustable Interest Rate (LIBOR) Act enacted by Congress on March 15, 2022, Customers substituted three-month term SOFR plus a tenor spread adjustment of 26.161 basis points for three-month LIBOR as the benchmark reference rate on Series E and F Preferred Stock, plus 5.14% and 4.762%, respectively, beginning with dividends declared on October 25, 2023.
(2)    For the nine months ended September 30, 2025.