Core Insights - Customers Bancorp, Inc. reported strong financial performance for Q4 and full year 2025, highlighting successful execution of strategic priorities and growth in franchise value [2][6]. Financial Performance - Q4 2025 GAAP earnings were $70.1 million, or $1.98 per diluted share, while core earnings were $72.9 million, or $2.06 per diluted share [5][13]. - For the full year 2025, net income available to common shareholders was $209.2 million, or $6.26 per diluted share, with core earnings of $254.5 million, or $7.61 per diluted share [13][6]. - The company achieved a record net interest income of $750.5 million in 2025, an increase of $96.1 million, or 14.7%, from 2024 [13][22]. Loan and Deposit Growth - Total loans and leases grew by 14.5% in 2025, with significant contributions from various verticals, maintaining strong credit quality [3][6]. - Total deposits increased by $1.9 billion, or 10.3%, year-over-year, reaching $20.8 billion at December 31, 2025 [15][14]. Asset Quality - The non-performing asset (NPA) ratio was 0.29% of total assets, with reserves at 356% of total non-performing loans at the end of Q4 2025 [5][20]. - The allowance for credit losses on loans and leases was $156 million at December 31, 2025, reflecting a robust credit quality management [19]. Capital and Borrowings - The common equity increased to $2.1 billion, with a CET1 capital ratio of 13.0% at December 31, 2025, compared to 12.1% a year earlier [13][18]. - Total borrowings increased by $228.1 million, or 15.4%, to $1.7 billion at December 31, 2025, primarily due to net draws of FHLB advances [17]. Non-Interest Income and Expenses - Non-interest income for Q4 2025 was $32.5 million, an increase of $2.3 million from Q3 2025, driven by higher commercial lease income [24][25]. - Non-interest expenses totaled $117.3 million in Q4 2025, an increase of $12.1 million from Q3 2025, mainly due to higher salaries and employee benefits [26][28]. Outlook - The company targets loan growth of 8% to 12% and deposit growth of 8% to 12% for 2026, projecting net interest income to grow to $800 to $830 million [32][31]. - Continued focus on recruitment, payment capabilities, and technology investments is expected to drive sustainable long-term growth [30][33].