Customers Bancorp Reports Results for Third Quarter 2024
1. Q3 2024 net income decreased to $42.9 million, down 20.9%. 2. Total loans increased by $520.8 million, demonstrating 16% annualized growth. 3. Robust deposit inflows of $1.1 billion offset higher-cost deposits by $0.7 billion. 4. Non-performing assets slightly decreased, maintaining asset quality at 0.22%. 5. CET 1 capital ratio remains healthy at 12.5%, above regulatory targets.