Customers Bancorp(US:CUBI)2025-01-24 13:41Financial Performance - Customers Bancorp's total assets increased to $223 billion in 2024, a 14% increase from $115 billion in 2019[17] - Core Diluted EPS increased to $560 in 2024, a 19% increase from $228 in 2019[22] - Net Interest Income (NII) increased to $654 million in 2024, a 19% increase from $277 million in 2019[21] - Net Interest Margin (NIM) increased by 40 basis points from 275% in 2019 to 315% in 2024[21] - Core Return on Common Equity (ROCE) increased by 220 basis points from 92% in 2019 to 114% in 2024[22] - In Q4'24, Customers Bancorp's Net income was $233 million and diluted EPS was $071[34] - In FY'24, Customers Bancorp's Net income was $1664 million and diluted EPS was $509[34] Balance Sheet and Loan Growth - Gross Loans - HFI increased to $145 billion in 2024, a 9% increase from $96 billion in 2019[17] - Total Deposits increased to $188 billion in 2024, a 17% increase from $86 billion in 2019[17] - Loans - HFI to Deposits was 77% in 2024, compared to 111% in 2019[17] - The company experienced 12% YoY total HFI loan growth and 4% QoQ[52]