Customers Bancorp, Inc. reported a net income available to common shareholders of $55.8 million for the second quarter of 2025, reflecting a 2.8% increase from $54.3 million in the same period of the previous year. For the first half of 2025, net income available to common shareholders was $65.4 million, down 34.8% from $100.2 million in the first half of 2024. The company’s total interest income for the second quarter was $328.0 million, slightly lower than $334.0 million in the prior year, while total interest expense decreased to $151.3 million from $166.4 million, leading to a net interest income of $176.7 million, up from $167.7 million year-over-year.
The provision for credit losses increased to $20.8 million in the second quarter of 2025, compared to $18.1 million in the same quarter of 2024, primarily due to a slight deterioration in macroeconomic forecasts and an increase in loan balances. The allowance for credit losses (ACL) on loans and leases rose to $147.4 million, representing 1.07% of total loans and leases receivable, compared to 1.04% at the end of 2024. Net charge-offs for the second quarter were $13.1 million, a decrease from $18.7 million in the same quarter last year.
Customers Bancorp's total assets increased to $22.6 billion as of June 30, 2025, up from $22.3 billion at the end of 2024. This growth was driven by a $592.2 million increase in loans and leases receivable, which reached $13.7 billion. The company also reported a $215.1 million increase in loans receivable, mortgage finance, at fair value. Total deposits rose to $19.0 billion, a 0.7% increase from $18.8 billion at the end of 2024, primarily due to a significant rise in savings accounts.
In terms of strategic developments, Customers Bancorp redeemed all outstanding shares of its Series E Preferred Stock on June 16, 2025, for a total payment of $57.5 million. The company also initiated a share repurchase program, purchasing 104,206 shares for $5.6 million during the first half of 2025. Looking ahead, Customers Bancorp remains focused on managing its liquidity and capital resources, with approximately $8.6 billion in immediate liquidity available, which covers about 115% of uninsured deposits. The company continues to monitor macroeconomic conditions and their potential impact on its operations and financial results.
About Customers Bancorp, Inc.
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