Customers Bancorp Reports Results for Fourth Quarter and Full Year 2025 (Form 8-K)

Customers Bancorp Reports Results for Fourth Quarter and Full Year 2025

Fourth Quarter 2025 Highlights

•Q4 2025 net income available to common shareholders was $70.1 million, or $1.98 per diluted share; ROAA was 1.20% and ROCE was 13.28%.

•Q4 2025 core earnings*1 were $72.9 million, or $2.06 per diluted share; Core ROAA* was 1.19% and Core ROCE* was 13.81%.

•Total deposits increased $373.7 million, or 1.8%, and total loans increased $479.4 million, or 2.9%, in Q4 2025 from Q3 2025.

•Net interest income totaled $204.4 million in Q4 2025, an increase of $2.5 million from Q3 2025 primarily driven by a decrease in interest expense.

•Completed $100 million subordinated debt issuance on December 22, 2025.

•Redeemed all outstanding shares ($85 million) of Series F Preferred Stock on December 15, 2025.

Full Year 2025 Highlights

•2025 net income available to common shareholders was $209.2 million, or $6.26 per diluted share; ROAA was 0.96% and ROCE was 11.22%.

•2025 core earnings* were $254.5 million, or $7.61 per diluted share; Core ROAA* was 1.13% and Core ROCE* was 13.65%.

•Total deposits increased $1.9 billion, or 10.3%, and total loans increased $2.1 billion, or 14.5%, from December 31, 2024 to December 31, 2025.

•Net interest income totaled a record $750.5 million in 2025, an increase of $96.1 million, or 14.7%, from 2024.

•CET 1 capital ratio of 13.0%2 at December 31, 2025, compared to 12.1% at December 31, 2024.

•Book value per share and tangible book value per share* grew year over year by approximately $7.69 or 14.2%, driven by strong 2025 annual earnings combined with the completed common stock offering and decreased AOCI losses of $42.5 million during the year.

•$278.8 million increase in total shareholders equity, or 15.2%, driven by completed common stock offering and strong organic earnings.

*Non-GAAP measure. Customers' reasons for the use of the non-GAAP measure and a detailed reconciliation between the non-GAAP measure and the comparable GAAP amount is included at the end of this document.

1 Core earnings exclude loss on redemption of preferred stock of $2.8 million and pre-tax losses on investment securities of $47.0 thousand.

2 Regulatory capital ratios as of December 31, 2025 are estimates.

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CEO Commentary

West Reading, Pa, January 22, 2026 - "We are pleased with our fourth quarter and full year results that show the company's continued execution of its strategic priorities and underscore our success in growing franchise value," said Customers Bancorp Executive Chairman Jay Sidhu.

"During the quarter, we continued to strategically grow our loan and deposit portfolios as we saw momentum throughout the organization. Total loans and leases grew by 14.5% in 2025 with contributions from multiple verticals allowing us to deliver above industry average growth rates without sacrificing on structure or credit quality.

Our new teams recruited since Q2 2023 continued to shine, adding nearly $600 million of deposits in Q4 2025. These 18 teams now manage over $3.3 billion in deposits across over 8,000 commercial accounts. This has allowed us to deliver over $500 million of non-interest bearing deposit growth in 2025 outside of the benefits of our cubiX platform clients.

Our Q4 2025 GAAP earnings were $70.1 million, or $1.98 per diluted share, and core earnings* were $72.9 million, or $2.06 per diluted share. Asset quality remains strong with our NPA ratio at just 0.29% of total assets and reserve levels are robust at 356% of total non-performing loans at the end of Q4 2025. Our TCE / TA ratio* increased by 10 basis points from September 30, 2025 to 8.5% at December 31, 2025, while our balance sheet grew by 2.6%.

In 2025, we once again delivered exceptionally strong growth in revenue, core earnings, and tangible book value per share of 14.5%, 35.9%*, and 14.2%*, respectively.

We believe that our unique strategy, the investments we are making, and the exceptional talent across our organization position us strongly for continued success. It is because of this positioning that I felt confident in completing the previously announced leadership transition and succession plan with Sam Sidhu becoming Chief Executive Officer of Customers Bancorp, effective January 1, 2026," Jay Sidhu concluded.

*Non-GAAP measure. Customers' reasons for the use of the non-GAAP measure and a detailed reconciliation between the non-GAAP measure and the comparable GAAP amount are included at the end of this document.

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Key Balance Sheet Trends

Loans and Leases Held for Investment

Loans and leases held for investment were $16.8 billion at December 31, 2025, up $484 million, or 3.0%, from September 30, 2025. Non-owner occupied commercial real estate loans increased by $156 million, or 9.9% quarter-over-quarter to $1.7 billion. Multifamily loans increased by $134 million, or 5.7% to $2.5 billion. Mortgage finance loans increased by $123 million, or 7.8% to $1.7 billion. Owner-occupied commercial real estate loans increased by $76 million, or 7.2% to $1.1 billion.

Loans and leases held for investment of $16.8 billion at December 31, 2025 were up $2.3 billion, or 16.0%, year-over-year. Specialized lending increased by $1.2 billion, or 21.4%, year-over-year. Non-owner occupied commercial real estate loans increased by $380 million, or 27.9%. Mortgage finance loans increased by $260 million, or 18.0%. Multifamily loans increased by $238 million, or 10.6%. Consumer installment loans increased by $166 million, or 23.3%, inclusive of the transfer from loans held for sale in Q1 2025.

Investment Securities

At December 31, 2025, total investment securities were $2.7 billion, a decrease of $145 million compared to September 30, 2025 and a decrease of $345 million compared to a year ago.

At December 31, 2025, the Available-For-Sale ("AFS") debt securities portfolio had a spot yield of 5.54%, an effective duration of approximately 2.4 years, and approximately 29% are variable rate. Additionally, 69% of the AFS securities portfolio was AAA rated at December 31, 2025.

At December 31, 2025, the Held-To-Maturity ("HTM") debt securities portfolio represented only 2.9% of total assets, had a spot yield of 3.31% and an effective duration of approximately 3.9 years. Additionally, at December 31, 2025, approximately 62% of the HTM securities were AAA rated and $0.3 billion were credit enhanced asset backed securities with no current expectation of credit losses.

Deposits

Total deposits increased $374 million to $20.8 billion at December 31, 2025 as compared to the prior quarter. The total average cost of deposits decreased by 23 basis points to 2.54% in Q4 2025 from 2.77% in the prior quarter. Total estimated uninsured deposits were $6.6 billion1, or 32% of total deposits at December 31, 2025 with immediately available liquidity covering approximately 161% of these deposits.

Total deposits increased $1.9 billion to $20.8 billion at December 31, 2025 as compared to a year ago. The total average cost of deposits decreased by 53 basis points to 2.54% in Q4 2025 from 3.07% in Q4 2024.

Borrowings

Total borrowings increased $228.1 million, or 15.4% to $1.7 billion at December 31, 2025 as compared to the prior quarter. Total borrowings increased $295 million, or 21.0%, to $1.7 billion at December 31, 2025 as compared to a year ago. This increase primarily resulted from net draws of $130 million in FHLB advances and the issuance of $100 million in Customers Bancorp subordinated notes in Q4 2025.

1 Uninsured deposits (estimate) of $8.6 billion to be reported on the Bank's call report, less deposits of $1.8 billion collateralized by standby letters of credit from the FHLB and from our affiliates of $222 million.

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Capital

Customers Bancorp's common equity increased $72 million to $2.1 billion, and tangible common equity* increased $72 million to $2.1 billion, at December 31, 2025 compared to the prior quarter, respectively, primarily from earnings of $70 million. Customers Bancorp's common equity increased $417 million to $2.1 billion, and tangible common equity* increased $417 million to $2.1 billion, at December 31, 2025 compared to a year ago, respectively, primarily from earnings of $209 million, the issuance of $163 million of common stock on September 5, 2025 and a decrease in AOCI of $43 million (net of taxes), mostly from decreased unrealized losses on investment securities, offset in part by $6 million of common share repurchases. Book value per common share increased to $61.87 from $59.83 and $54.20, and tangible book value per common share* increased to $61.77 from $59.72 and $54.08, at December 31, 2025 from September 30, 2025 and December 31, 2024, respectively.

Credit Quality

The provision for credit losses in Q4 2025 was $22 million, compared to $27 million in Q3 2025 and $21 million in Q4 2024.

Net charge-offs were $14 million in Q4 2025, compared to $15 million in Q3 2025 and Q4 2024.

The allowance for credit losses on loans and leases was $156 million at December 31, 2025, compared to $152 million at September 30, 2025 and $137 million at December 31, 2024.

Non-performing loans at December 31, 2025 increased to 0.26% of total loans and leases, compared to 0.17% at September 30, 2025 and decreased, compared to 0.30% at December 31, 2024. Nonperforming loans include the guaranteed portion of SBA loans. As of December 31, 2025, nonperforming loans totaled $44 million, of which $10 million represents the government-guaranteed portion. Excluding the government-guaranteed portion, nonperforming loans totaled $34 million, representing 0.20% of total loans and leases.

Key Profitability Trends

Net Interest Income

Net interest income totaled $204.4 million in Q4 2025, an increase of $2.5 million from Q3 2025. This increase was driven by a decrease in interest expense primarily due to a favorable shift in deposit mix and lower market interest rates.

"Net interest income continued to increase in the quarter despite a decline in market interest rates as we realized the benefits of loan growth, growth in average non-interest bearing and lower-cost deposits, and well managed funding costs," stated Customers Bancorp CEO Sam Sidhu. "Our full year net interest income reached a record level in 2025. We continue to have positive drivers to net interest income on both sides of the balance sheet. We have a strong loan pipeline and the flywheel from our primarily deposit-focused commercial banking team recruitment strategy continued to gain momentum and our recruitment pipeline remains strong," stated Sam Sidhu.

Net interest income totaled $204.4 million in Q4 2025, an increase of $36.6 million from Q4 2024. This increase was primarily due to higher interest income primarily due to higher average loan balances and higher discount accretion in C&I loans and lower interest expense from a favorable shift in deposit mix and lower market interest rates.

Non-Interest Income

Reported non-interest income totaled $32.5 million for Q4 2025, an increase of $2.3 million compared to $30.2 million for Q3 2025. The increase was primarily due to increases of $2.7 million in commercial lease income and other non-interest income of $3.9 million primarily from an increase of $2.0 million in gain on sale of leased assets and gains on certain derivatives. These increases were partially offset by a decrease of $4.0 million in loan fees mostly associated with the settlement of stock warrants in Q3 2025.

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Non-interest income totaled $32.5 million for Q4 2025, an increase of $32.9 million compared to Q4 2024. The increase was primarily due to a decrease in net loss on sale of investment securities of $26.2 million and increases in commercial lease income of $3.6 million and gain on sale of leased assets of $2.6 million included in other non-interest income, partially offset by a decrease of $1.2 million in loan fees.

Non-Interest Expense

Non-interest expenses totaled $117.3 million in Q4 2025, an increase of $12.1 million compared to Q3 2025. The increase was primarily attributable to increases of $3.0 million in salaries and employee benefits primarily due to higher headcount and incentives and $2.2 million in commercial lease depreciation associated with the Bank's continued growth, and within other non-interest expense of $2.8 million in provision for credit losses on unfunded lending commitments and $2.2 million in insurance expenses related to investments in tax credit structures with a corresponding benefit to income tax expense.

"We had a total of $4.8 million of expense that was unique to the quarter including $1.9 million of legal expense associated with a new team onboarding, $2.2 million of insurance expense on tax credit purchases with corresponding benefit to income tax expense, and $0.7 million of stock compensation and benefit expense. Additionally we had $2.2 million of higher commercial lease depreciation driven by higher volume which came with corresponding revenues. Even with these costs and investments we continue to make in our future our efficiency ratio remained very strong," stated Customers Bancorp CFO Mark McCollom.

Non-interest expenses totaled $117.3 million in Q4 2025, an increase of $6.9 million compared to Q4 2024. The increase was primarily attributable to increases of $4.6 million in salaries and employee benefits and $2.7 million in commercial lease depreciation associated with the Bank's continued growth, and within other non-interest expense of $2.7 million in provision for credit losses on unfunded lending commitments and $2.2 million in insurance expenses related to investments in tax credit structures with a corresponding benefit to income tax expense. These increases were partially offset by decreases of $2.0 million in technology, communication and bank operations primarily due to lower deposit servicing fees, fees paid to a fintech company related to a consumer installment loan origination program included within other non-interest expense, professional fees and FDIC assessments, non-income taxes and regulatory fees.

Taxes

Income tax expense decreased by $1.8 million to a provision of $22.8 million in Q4 2025 from $24.6 million in Q3 2025 primarily due to lower pre-tax income, and increased by $13.9 million from $8.9 million in Q4 2024 primarily due to higher pre-tax income, partially offset by a lower increase of unrecognized benefits in Q4 2025 as compared to Q4 2024. The effective tax rate was 23.4% for Q4 2025.

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Outlook

"We were very pleased with our fourth quarter and full year results and remain focused on executing in those areas which differentiate us from our peers. We believe that truly exceptional service, sophisticated product offerings, recruitment of top talent, exceptional payment capabilities, and a single point of contact service model will deliver sustainable long-term growth.

As we look forward to 2026 our priorities will evolve but broadly remain unchanged. We will look to continue to deliver above industry average loan and deposit portfolio growth. We will build upon our successful team recruitment strategy, with newly recruited teams supporting our future growth. We will seek to deepen and broaden our payments capabilities building upon the incredible foundation our team has laid over the past two years. And we will target increasing our utilization of AI and automation technologies to transform our organization by providing enhanced client experiences and organizational productivity. We will seek to do this while maintaining a strong capital base, liquidity, and credit quality.

For 2026 we are targeting loan growth of 8% to 12% and deposit growth of 8% to 12%, resulting in net interest income growing to $800 to $830 million. We project non-interest expenses of $440 to $460 million as we continue to make investments in our future, largely in people and technology, but remain focused on driving positive operating leverage even with these investments. For capital, we are targeting CET1 of 11.5% to 12.5% and expect a tax rate of 23% to 25%.

We believe we are incredibly well positioned to continue to improve market share, winning new client relationships and that we have the right strategy, the right team, and a client-centric culture to achieve our goals in 2026 and beyond," concluded Sam Sidhu.

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Webcast

Date: Friday, January 23, 2026

Time: 9:00 AM EST

The live audio webcast, presentation slides, and earnings press release will be made available at https://www.customersbank.com and at the Customers Bancorp 4th Quarter Earnings Webcast.

You may submit questions in advance of the live webcast by emailing our Head of Corporate Communications, Jordan Baucum at [email protected].

The webcast will be archived for viewing on the Customers Bank Investor Relations page and available beginning approximately two hours after the conclusion of the live event.

Institutional Background

Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation's top-performing banking companies with over $24 billion in assets making it one of the 80 largest bank holding companies in the U.S. Customers Bank's commercial and consumer clients benefit from a full suite of technology-enabled tailored product experiences delivered by best-in-class customer service distinguished by a Single Point of Contact approach. In addition to traditional lines such as C&I, commercial real estate, and residential and personal lending, Customers Bank also provides a number of national corporate banking services to clients in businesses including: fund finance, venture banking, healthcare, mortgage finance, and equipment finance. Major accolades include:

•Named a Top 10 Performing Bank by American Banker for five consecutive years (2021-2025), including the #1 spot in 2024 among midsize banks ($10B to $50B in assets)

•No. 72 out of the 100 largest publicly traded banks in 2025 Forbes Best Banks list

•Net Promoter Score of 81 compared to industry average of 41

A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender. Learn more: www.customersbank.com.

"Safe Harbor" Statement

In addition to historical information, this press release may contain "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements with respect to Customers Bancorp, Inc.'s strategies, goals, beliefs, expectations, estimates, intentions, capital raising efforts, financial condition and results of operations, future performance and business. Statements preceded by, followed by, or that include the words "may," "could," "should," "pro forma," "looking forward," "would," "believe," "expect," "anticipate," "estimate," "intend," "plan," "project," or similar expressions generally indicate a forward-looking statement. These forward-looking statements involve risks and uncertainties that are subject to change based on various important factors (some of which, in whole or in part, are beyond Customers Bancorp, Inc.'s control). Numerous competitive, economic, regulatory, legal and technological events and factors, among others, could cause Customers Bancorp, Inc.'s financial performance to differ materially from the goals, plans, objectives, intentions and expectations expressed in such forward-looking statements, including: a continuation of the recent turmoil in the banking industry, responsive measures taken by us and regulatory authorities to mitigate and manage related risks, regulatory actions taken that address related issues and the costs and obligations associated therewith, such as the FDIC special assessments; the potential for negative consequences resulting from regulatory violations, investigations and examinations, including potential supervisory actions, the assessment of fines and penalties, the imposition of sanctions, the need to undertake remedial actions and possible damage to our reputation; effects of competition on deposit rates and growth, loan rates and growth and net interest margin; failure to identify and adequately and promptly address cybersecurity risks, including data breaches and cyberattacks; public health crises and pandemics and their effects on the economic and business environments in which we operate; geopolitical conditions, including acts or threats of terrorism, actions taken by the United States or other governments in response to acts or

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threats of terrorism and military conflicts, including the war between Russia and Ukraine and ongoing conflict in the Middle East or South America, which could impact economic conditions in the United States; the impact that changes in the economy have on the performance of our loan and lease portfolio, the market value of our investment securities, the demand for our products and services and the availability of sources of funding; the effects of actions by the federal government, including the Board of Governors of the Federal Reserve System and other government agencies, that affect market interest rates and the money supply; actions that we and our customers take in response to these developments and the effects such actions have on our operations, products, services and customer relationships; higher inflation and its impacts; the effects of changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs on its trading partners; and the effects of any changes in accounting standards or policies. Customers Bancorp, Inc. cautions that the foregoing factors are not exclusive, and neither such factors nor any such forward-looking statement takes into account the impact of any future events. All forward-looking statements and information set forth herein are based on management's current beliefs and assumptions as of the date hereof and speak only as of the date they are made. For a more complete discussion of the assumptions, risks and uncertainties related to our business, you are encouraged to review Customers Bancorp, Inc.'s filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K for the year ended December 31, 2024, subsequently filed quarterly reports on Form 10-Q and current reports on Form 8-K, including any amendments thereto, that update or provide information in addition to the information included in the Form 10-K and Form 10-Q filings, if any. Customers Bancorp, Inc. does not undertake to update any forward-looking statement whether written or oral, that may be made from time to time by Customers Bancorp, Inc. or by or on behalf of Customers Bank, except as may be required under applicable law.

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CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
FINANCIAL HIGHLIGHTS - UNAUDITED
(Dollars in thousands, except per share data)						Q4						Q3						Q2						Q1						Q4						Twelve Months Ended December 31,
						2025						2025						2025						2025						2024						2025						2024
GAAP Profitability Metrics:
Net income available to common shareholders						$	70,088					$	73,726					$	55,846					$	9,523					$	23,266					$	209,183					$	166,429
Per share amounts:
			Earnings per share - diluted			$	1.98					$	2.20					$	1.73					$	0.29					$	0.71					$	6.26					$	5.09
			Book value per common share			$	61.87					$	59.83					$	56.36					$	54.85					$	54.20					$	61.87					$	54.20
Return on average assets ("ROAA")						1.20		%				1.26		%				1.09		%				0.23		%				0.48		%				0.96		%				0.85		%
Return on average common equity ("ROCE")						13.28		%				15.57		%				12.79		%				2.23		%				5.50		%				11.22		%				10.36		%
Net interest margin, tax equivalent						3.40		%				3.46		%				3.27		%				3.13		%				3.11		%				3.32		%				3.15		%
Efficiency ratio						49.52		%				45.39		%				51.23		%				52.94		%				56.86		%				49.59		%				56.21		%
Non-GAAP Profitability Metrics (1):
Core earnings						$	72,851					$	73,473					$	58,147					$	50,002					$	44,168					$	254,473					$	183,105
Per share amounts:
			Core earnings per share - diluted			$	2.06					$	2.20					$	1.80					$	1.54					$	1.36					$	7.61					$	5.60
			Tangible book value per common share			$	61.77					$	59.72					$	56.24					$	54.74					$	54.08					$	61.77					$	54.08
Core ROAA						1.19		%				1.25		%				1.10		%				0.97		%				0.86		%				1.13		%				0.92		%
Core ROCE						13.81		%				15.52		%				13.32		%				11.72		%				10.44		%				13.65		%				11.40		%
Core efficiency ratio						49.52		%				45.40		%				51.56		%				52.69		%				56.12		%				49.62		%				56.25		%
Balance Sheet Trends:
Total assets						$	24,895,868					$	24,260,163					$	22,550,800					$	22,423,044					$	22,308,241					$	24,895,868					$	22,308,241
Total cash and investment securities						$	7,078,243					$	6,997,783					$	6,234,043					$	6,424,406					$	6,797,562					$	7,078,243					$	6,797,562
Total loans and leases						$	16,782,516					$	16,303,147					$	15,412,400					$	15,097,968					$	14,653,556					$	16,782,516					$	14,653,556
Non-interest bearing demand deposits						$	6,303,748					$	6,380,879					$	5,481,065					$	5,552,605					$	5,608,288					$	6,303,748					$	5,608,288
Total deposits						$	20,778,704					$	20,405,023					$	18,976,018					$	18,932,925					$	18,846,461					$	20,778,704					$	18,846,461
Asset Quality:
Net charge-offs						$	13,749					$	15,371					$	13,115					$	17,144					$	14,612					$	59,379					$	68,335
Annualized net charge-offs to average total loans and leases						0.33		%				0.39		%				0.35		%				0.48		%				0.41		%				0.38		%				0.50		%
Nonaccrual / non-performing loans ("NPLs")						$	43,688					$	28,421					$	28,443					$	43,513					$	43,275					$	43,688					$	43,275
NPLs to total loans and leases						0.26		%				0.17		%				0.18		%				0.29		%				0.30		%				0.26		%				0.30		%
Reserves to NPLs						356.29		%				534.14		%				518.29		%				324.22		%				316.06		%				356.29		%				316.06		%
Non-performing assets ("NPAs")						$	72,344					$	61,057					$	60,778					$	57,960					$	55,807					$	72,344					$	55,807
NPAs to total assets						0.29		%				0.25		%				0.27		%				0.26		%				0.25		%				0.29		%				0.25		%

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CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
FINANCIAL HIGHLIGHTS - UNAUDITED (CONTINUED)
(Dollars in thousands, except per share data)						Q4						Q3						Q2						Q1						Q4						Twelve Months Ended December 31,
						2025						2025						2025						2025						2024						2025						2024
Capital Metrics:
Common equity to total assets						8.5		%				8.4		%				7.9		%				7.7		%				7.6		%				8.5		%				7.6		%
Tangible common equity to tangible assets (1)						8.5		%				8.4		%				7.9		%				7.7		%				7.6		%				8.5		%				7.6		%
Common equity Tier 1 capital ratio (2)						13.0		%				13.00		%				12.05		%				11.72		%				12.09		%				13.0		%				12.09		%
Total risk based capital ratio (2)						15.4		%				15.35		%				14.49		%				14.61		%				14.88		%				15.4		%				14.88		%
Customers Bank Capital Ratios (2):
Common equity Tier 1 capital to risk-weighted assets						13.3		%				13.22		%				13.00		%				12.40		%				12.96		%				13.3		%				12.96		%
Total capital to risk-weighted assets						14.6		%				14.60		%				14.43		%				13.92		%				14.34		%				14.6		%				14.34		%
Tier 1 capital to average assets (leverage ratio)						8.9		%				8.84		%				8.86		%				8.43		%				8.65		%				8.9		%				8.65		%
Share amounts:
			Average shares outstanding - basic			34,170,777						32,340,813						31,585,390						31,447,623						31,346,920						32,393,487						31,509,179
			Average shares outstanding - diluted			35,396,324						33,460,055						32,374,061						32,490,572						32,557,621						33,438,296						32,719,134
			Shares outstanding			34,191,223						34,163,506						31,606,934						31,479,132						31,346,507						34,191,223						31,346,507
(1) Customers' reasons for the use of these non-GAAP measures and a detailed reconciliation between the non-GAAP measures and the comparable GAAP amounts are included at the end of this document.
(2) Regulatory capital ratios are estimated for Q4 2025 and actual for the remaining periods. In accordance with regulatory capital rules, Customers elected to apply the CECL capital transition provisions which delayed the effects of CECL on regulatory capital for two years until January 1, 2022, followed by a three-year transition period. The cumulative CECL capital transition impact as of December 31, 2021 which amounted to $61.6 million was phased in at 25% per year beginning on January 1, 2022 through December 31, 2024. As of December 31, 2025, our regulatory capital ratios reflected the full effect of CECL on regulatory capital.

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CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED
(Dollars in thousands, except per share data)																																	Twelve Months Ended
			Q4						Q3						Q2						Q1						Q4						December 31,
			2025						2025						2025						2025						2024						2025						2024
Interest income:
Loans and leases			$	274,752					$	272,131					$	246,869					$	231,008					$	230,534					$	1,024,760					$	901,457
Investment securities			31,979						36,091						37,381						34,339						39,638						139,790						180,291
Interest earning deposits			44,862						49,639						39,972						42,914						48,147						177,387						190,842
Loans held for sale			1,432						1,589						1,806						4,761						9,447						9,588						46,073
Other			2,173						2,029						1,973						1,887						2,140						8,062						9,171
Total interest income			355,198						361,479						328,001						314,909						329,906						1,359,587						1,327,834
Interest expense:
Deposits			131,797						141,983						134,045						131,308						144,974						539,133						603,312
FHLB advances			14,490						12,945						12,717						11,801						12,595						51,953						52,107
Subordinated debt			3,355						3,251						3,229						3,212						3,349						13,047						12,309
Other borrowings			1,128						1,388						1,307						1,142						1,167						4,965						5,702
Total interest expense			150,770						159,567						151,298						147,463						162,085						609,098						673,430
Net interest income			204,428						201,912						176,703						167,446						167,821						750,489						654,404
Provision for credit losses			22,337						26,543						20,781						28,297						21,194						97,958						73,451
Net interest income after provision for credit losses			182,091						175,369						155,922						139,149						146,627						652,531						580,953
Non-interest income:
Commercial lease income			14,186						11,536						11,056						10,668						10,604						47,446						40,662
Loan fees			7,420						11,443						9,106						7,235						8,639						35,204						27,163
Bank-owned life insurance			2,189						2,165						2,249						4,660						2,125						11,263						9,442
Mortgage finance transactional fees			1,339						1,298						1,175						933						1,010						4,745						4,101
Net gain (loss) on sale of loans and leases			(62)						-						-						2						(852)						(60)						(15,628)
Net gain (loss) on sale of investment securities			(27)						186						(1,797)						-						(26,260)						(1,638)						(27,009)
Impairment loss on debt securities			-						-						-						(51,319)						-						(51,319)						-
Unrealized gain on equity method investments			-						-						-						-						389						-						11,430
Other			7,471						3,563						7,817						3,331						3,954						22,182						10,273
Total non-interest income (loss)			32,516						30,191						29,606						(24,490)						(391)						67,823						60,434
Non-interest expense:
Salaries and employee benefits			51,744						48,723						45,848						42,674						47,147						188,989						175,836
Technology, communication and bank operations			11,388						10,415						10,382						11,312						13,435						43,497						65,154
Commercial lease depreciation			11,668						9,463						8,743						8,463						8,933						38,337						32,543
Professional services			12,390						12,281						13,850						11,857						13,473						50,378						34,978
Loan servicing			4,050						4,167						4,053						4,630						4,584						16,900						15,909
Occupancy			4,291						4,370						3,551						3,412						3,335						15,624						11,789
FDIC assessments, non-income taxes and regulatory fees			9,023						8,505						11,906						11,750						10,077						41,184						41,684
Advertising and promotion			812						636						461						528						1,645						2,437						4,489
Other			11,943						6,657						7,832						8,145						7,746						34,577						34,632
Total non-interest expense			117,309						105,217						106,626						102,771						110,375						431,923						417,014
Income before income tax expense (benefit)			97,298						100,343						78,902						11,888						35,861						288,431						224,373
Income tax expense (benefit)			22,806						24,598						17,963						(1,024)						8,946						64,343						42,904
Net income			74,492						75,745						60,939						12,912						26,915						224,088						181,469
Preferred stock dividends			1,605						2,019						3,185						3,389						3,649						10,198						15,040
Loss on redemption of preferred stock			2,799						-						1,908						-						-						4,707						-
Net income available to common shareholders			$	70,088					$	73,726					$	55,846					$	9,523					$	23,266					$	209,183					$	166,429
Basic earnings per common share			$	2.05					$	2.28					$	1.77					$	0.30					$	0.74					$	6.46					$	5.28
Diluted earnings per common share			1.98						2.20						1.73						0.29						0.71						6.26						5.09

11

CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET - UNAUDITED
(Dollars in thousands)
			December 31,						September 30,						June 30,						March 31,						December 31,
			2025						2025						2025						2025						2024
ASSETS
Cash and due from banks			$	62,051					$	57,951					$	72,986					$	62,146					$	56,787
Interest earning deposits			4,349,412						4,127,688						3,430,525						3,366,544						3,729,144
Cash and cash equivalents			4,411,463						4,185,639						3,503,511						3,428,690						3,785,931
Investment securities, at fair value			1,937,646						2,010,820						1,877,406						2,057,555						2,019,694
Investment securities held to maturity			729,134						801,324						853,126						938,161						991,937
Loans held for sale			26,102						30,897						32,963						37,529						204,794
Loans and leases receivable			15,041,340						14,673,636						13,719,829						13,555,820						13,127,634
Loans receivable, mortgage finance, at fair value			1,612,997						1,486,978						1,536,254						1,366,460						1,321,128
Loans receivable, installment, at fair value			102,077						111,636						123,354						138,159						-
Allowance for credit losses on loans and leases			(155,656)						(151,809)						(147,418)						(141,076)						(136,775)
Total loans and leases receivable, net of allowance for credit losses on loans and leases			16,600,758						16,120,441						15,232,019						14,919,363						14,311,987
FHLB, Federal Reserve Bank, and other restricted stock			110,411						103,290						100,590						96,758						96,214
Accrued interest receivable			103,626						106,379						101,481						105,800						108,351
Bank premises and equipment, net			16,745						15,340						5,978						6,653						6,668
Bank-owned life insurance			305,503						303,212						300,747						298,551						297,641
Other real estate owned			12,432						12,432						12,306						-						-
Goodwill and other intangibles			3,629						3,629						3,629						3,629						3,629
Other assets			638,419						566,760						527,044						530,355						481,395
Total assets			$	24,895,868					$	24,260,163					$	22,550,800					$	22,423,044					$	22,308,241
LIABILITIES AND SHAREHOLDERS' EQUITY
Demand, non-interest bearing deposits			$	6,303,748					$	6,380,879					$	5,481,065					$	5,552,605					$	5,608,288
Interest bearing deposits			14,474,956						14,024,144						13,494,953						13,380,320						13,238,173
Total deposits			20,778,704						20,405,023						18,976,018						18,932,925						18,846,461
FHLB advances			1,325,068						1,195,437						1,195,377						1,133,456						1,128,352
Other borrowings			99,208						99,173						99,138						99,103						99,068
Subordinated debt			281,147						182,718						182,649						182,579						182,509
Accrued interest payable and other liabilities			296,224						251,753						234,060						210,421						215,168
Total liabilities			22,780,351						22,134,104						20,687,242						20,558,484						20,471,558
Preferred stock			-						82,201						82,201						137,794						137,794
Common stock			36,189						36,161						36,123						35,995						35,758
Additional paid in capital			666,756						662,252						572,473						570,172						575,333
Retained earnings			1,535,194						1,465,106						1,391,380						1,335,534						1,326,011
Accumulated other comprehensive income (loss), net			(54,050)						(51,089)						(71,325)						(67,641)						(96,560)
Treasury stock, at cost			(68,572)						(68,572)						(147,294)						(147,294)						(141,653)
Total shareholders' equity			2,115,517						2,126,059						1,863,558						1,864,560						1,836,683
Total liabilities and shareholders' equity			$	24,895,868					$	24,260,163					$	22,550,800					$	22,423,044					$	22,308,241

12

CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
AVERAGE BALANCE SHEET / NET INTEREST MARGIN - UNAUDITED
(Dollars in thousands)
			Three Months Ended
			December 31, 2025																		September 30, 2025																		December 31, 2024
			Average Balance						Interest Income or Expense						Average Yield or Cost (%)						Average Balance						Interest Income or Expense						Average Yield or Cost (%)						Average Balance						Interest Income or Expense						Average Yield or Cost (%)
Assets
Interest earning deposits			$	4,421,242					$	44,862					4.03%						$	4,409,220					$	49,639					4.47%						$	3,973,262					$	48,147					4.82%
Investment securities (1)			2,849,764						31,979						4.45%						2,931,351						36,091						4.88%						3,392,850						39,638						4.65%
Loans and leases:
Commercial & industrial:
Specialized lending loans and leases (2)			7,775,247						139,552						7.12%						7,317,299						136,652						7.41%						6,022,062						121,818						8.05%
Other commercial & industrial loans (2)			1,477,351						32,320						8.68%						1,492,155						35,475						9.43%						1,529,478						25,514						6.64%
Mortgage finance loans			1,536,265						17,862						4.61%						1,478,871						18,454						4.95%						1,316,884						16,704						5.05%
Multifamily loans			2,445,945						27,990						4.54%						2,306,373						25,931						4.46%						2,162,825						22,400						4.12%
Non-owner occupied commercial real estate loans			1,784,838						26,635						5.92%						1,635,937						24,148						5.86%						1,491,170						21,770						5.81%
Residential mortgages			541,091						6,392						4.69%						551,436						6,647						4.78%						535,833						6,301						4.68%
Installment loans			945,697						25,433						10.67%						938,890						26,413						11.16%						1,023,569						25,474						9.90%
Total loans and leases (3)			16,506,434						276,184						6.64%						15,720,961						273,720						6.91%						14,081,821						239,981						6.78%
Other interest-earning assets			153,480						2,173						5.62%						140,011						2,029						5.75%						122,784						2,140						6.93%
Total interest-earning assets			23,930,920						355,198						5.89%						23,201,543						361,479						6.19%						21,570,717						329,906						6.09%
Non-interest-earning assets			790,453																		729,180																		609,253
Total assets			$	24,721,373																	$	23,930,723																	$	22,179,970
Liabilities
Interest checking accounts			$	4,889,245					$	42,168					3.42%						$	4,983,168					$	48,105					3.83%						$	5,597,302					$	57,268					4.07%
Money market deposit accounts			4,421,276						40,387						3.62%						4,360,446						42,980						3.91%						3,974,776						42,492						4.25%
Other savings accounts			1,562,768						14,384						3.65%						1,485,652						14,724						3.93%						1,258,018						12,939						4.09%
Certificates of deposit			3,152,637						34,858						4.39%						3,108,831						36,174						4.62%						2,612,246						32,275						4.92%
Total interest-bearing deposits (4)			14,025,926						131,797						3.73%						13,938,097						141,983						4.04%						13,442,342						144,974						4.29%
Borrowings			1,666,006						18,973						4.52%						1,429,981						17,584						4.88%						1,364,138						17,111						4.99%
Total interest-bearing liabilities			15,691,932						150,770						3.81%						15,368,078						159,567						4.12%						14,806,480						162,085						4.36%
Non-interest-bearing deposits (4)			6,599,095																		6,362,360																		5,346,912
Total deposits and borrowings			22,291,027												2.68%						21,730,438												2.91%						20,153,392												3.20%
Other non-interest-bearing liabilities			269,824																		239,969																		204,947
Total liabilities			22,560,851																		21,970,407																		20,358,339
Shareholders' equity			2,160,522																		1,960,316																		1,821,631
Total liabilities and shareholders' equity			$	24,721,373																	$	23,930,723																	$	22,179,970
Net interest income									204,428																		201,912																		167,821
Tax-equivalent adjustment									348																		360																		377
Net interest earnings									$	204,776																	$	202,272																	$	168,198
Interest spread															3.21%																		3.27%																		2.89%
Net interest margin															3.39%																		3.46%																		3.10%
Net interest margin tax equivalent (5)															3.40%																		3.46%																		3.11%
(1) For presentation in this table, average balances and the corresponding average yields for investment securities are based upon historical cost, adjusted for amortization of premiums and accretion of discounts.
(2) Includes owner occupied commercial real estate loans.
(3) Includes non-accrual loans, the effect of which is to reduce the yield earned on loans and leases, and deferred loan fees.
(4) Total costs of deposits (including interest bearing and non-interest bearing) were 2.54%, 2.77% and 3.07% for the three months ended December 31, 2025, September 30, 2025 and December 31, 2024, respectively.
(5) Tax-equivalent basis, using an estimated marginal tax rate of 26% for the three months ended December 31, 2025, September 30, 2025 and December 31, 2024, presented to approximate interest income as a taxable asset.

13

CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
AVERAGE BALANCE SHEET / NET INTEREST MARGIN - UNAUDITED (CONTINUED)
(Dollars in thousands)
			Twelve Months Ended
			December 31, 2025																		December 31, 2024
			Average Balance						Interest Income or Expense						Average Yield or Cost (%)						Average Balance						Interest Income or Expense						Average Yield or Cost (%)
Assets
Interest earning deposits			$	4,065,804					$	177,387					4.36%						$	3,597,260					$	190,842					5.31%
Investment securities (1)			2,942,386						139,790						4.75%						3,650,320						180,291						4.94%
Loans and leases:
Commercial & industrial:
Specialized lending loans and leases (2)			7,092,259						524,009						7.39%						5,637,189						483,052						8.57%
Other commercial & industrial loans (2)			1,499,021						117,590						7.84%						1,564,167						102,001						6.52%
Mortgage finance loans			1,443,183						69,417						4.81%						1,192,827						62,344						5.23%
Multifamily loans			2,336,288						102,866						4.40%						2,116,168						86,263						4.08%
Non-owner occupied commercial real estate loans			1,638,695						95,350						5.82%						1,412,201						83,484						5.91%
Residential mortgages			540,097						25,611						4.74%						526,133						24,046						4.57%
Installment loans			925,745						99,505						10.75%						1,104,470						106,340						9.63%
Total loans and leases (3)			15,475,288						1,034,348						6.68%						13,553,155						947,530						6.99%
Other interest-earning assets			138,851						8,062						5.81%						114,983						9,171						7.98%
Total interest-earning assets			22,622,329						1,359,587						6.01%						20,915,718						1,327,834						6.35%
Non-interest-earning assets			718,415																		518,472
Total assets			$	23,340,744																	$	21,434,190
Liabilities
Interest checking accounts			$	5,040,107					$	187,421					3.72%						$	5,660,890					$	248,400					4.39%
Money market deposit accounts			4,202,317						161,531						3.84%						3,559,362						159,598						4.48%
Other savings accounts			1,382,787						52,566						3.80%						1,595,357						73,947						4.64%
Certificates of deposit			2,967,454						137,615						4.64%						2,434,622						121,367						4.99%
Total interest-bearing deposits (4)			13,592,665						539,133						3.97%						13,250,231						603,312						4.55%
Borrowings			1,465,852						69,965						4.77%						1,414,583						70,118						4.96%
Total interest-bearing liabilities			15,058,517						609,098						4.04%						14,664,814						673,430						4.59%
Non-interest-bearing deposits (4)			6,069,665																		4,807,647
Total deposits and borrowings			21,128,182												2.88%						19,472,461												3.46%
Other non-interest-bearing liabilities			244,480																		217,172
Total liabilities			21,372,662																		19,689,633
Shareholders' equity			1,968,082																		1,744,557
Total liabilities and shareholders' equity			$	23,340,744																	$	21,434,190
Net interest income									750,489																		654,404
Tax-equivalent adjustment									1,437																		1,556
Net interest earnings									$	751,926																	$	655,960
Interest spread															3.13%																		2.89%
Net interest margin															3.32%																		3.14%
Net interest margin tax equivalent (5)															3.32%																		3.15%
(1) For presentation in this table, average balances and the corresponding average yields for investment securities are based upon historical cost, adjusted for amortization of premiums and accretion of discounts.
(2) Includes owner occupied commercial real estate loans.
(3) Includes non-accrual loans, the effect of which is to reduce the yield earned on loans and leases, and deferred loan fees.
(4) Total costs of deposits (including interest bearing and non-interest bearing) were 2.74% and 3.34% for the twelve months ended December 31, 2025 and 2024, respectively.
(5) Tax-equivalent basis, using an estimated marginal tax rate of 26% for the twelve months ended December 31, 2025 and 2024, presented to approximate interest income as a taxable asset.

14

CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
PERIOD END LOAN AND LEASE COMPOSITION - UNAUDITED
(Dollars in thousands)
			December 31,						September 30,						June 30,						March 31,						December 31,
			2025						2025						2025						2025						2024
Loans and leases held for investment
Commercial:
Commercial & industrial:
Specialized lending			$	7,090,087					$	7,083,620					$	6,454,661					$	6,070,093					$	5,842,420
Other commercial & industrial			1,033,704						1,056,173						1,037,684						1,062,933						1,062,631
Mortgage finance			1,700,380						1,577,038						1,625,764						1,477,896						1,440,847
Multifamily			2,490,336						2,356,590						2,247,282						2,322,123						2,252,246
Commercial real estate owner occupied			1,135,119						1,058,741						1,065,006						1,139,126						1,100,944
Commercial real estate non-owner occupied			1,738,821						1,582,332						1,497,385						1,438,906						1,359,130
Construction			162,966						123,290						98,626						154,647						147,209
Total commercial loans and leases			15,351,413						14,837,784						14,026,408						13,665,724						13,205,427
Consumer:
Residential			497,567						514,544						520,570						496,772						496,559
Manufactured housing			27,452						28,749						30,287						31,775						33,123
Installment:
Personal			581,340						570,768						457,728						493,276						463,854
Other			298,642						320,405						344,444						372,892						249,799
Total installment loans			879,982						891,173						802,172						866,168						713,653
Total consumer loans			1,405,001						1,434,466						1,353,029						1,394,715						1,243,335
Total loans and leases held for investment			$	16,756,414					$	16,272,250					$	15,379,437					$	15,060,439					$	14,448,762
Loans held for sale
Commercial:
Commercial real estate non-owner occupied			$	-					$	4,700					$	-					$	-					$	-
Total commercial loans and leases			-						4,700						-						-						-
Consumer:
Residential			1,851						2,229						5,180						1,465						1,836
Installment:
Personal			23,357						23,728						27,682						36,000						40,903
Other			894						240						101						64						162,055
Total installment loans			24,251						23,968						27,783						36,064						202,958
Total consumer loans			26,102						26,197						32,963						37,529						204,794
Total loans held for sale			$	26,102					$	30,897					$	32,963					$	37,529					$	204,794
Total loans and leases portfolio			$	16,782,516					$	16,303,147					$	15,412,400					$	15,097,968					$	14,653,556

CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
PERIOD END DEPOSIT COMPOSITION - UNAUDITED
(Dollars in thousands)
			December 31,						September 30,						June 30,						March 31,						December 31,
			2025						2025						2025						2025						2024
Demand, non-interest bearing			$	6,303,748					$	6,380,879					$	5,481,065					$	5,552,605					$	5,608,288
Demand, interest bearing			5,049,151						5,050,437						4,912,839						5,137,961						5,553,698
Total demand deposits			11,352,899						11,431,316						10,393,904						10,690,566						11,161,986
Savings			1,731,010						1,554,533						1,375,072						1,327,854						1,131,819
Money market			4,398,827						4,339,371						4,206,516						4,057,458						3,844,451
Time deposits			3,295,968						3,079,803						3,000,526						2,857,047						2,708,205
Total deposits			$	20,778,704					$	20,405,023					$	18,976,018					$	18,932,925					$	18,846,461

CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
ASSET QUALITY - UNAUDITED
(Dollars in thousands)
			As of December 31, 2025																		As of September 30, 2025																		As of December 31, 2024
Loan type			Total loans						Allowance for credit losses						Total reserves to total loans						Total loans						Allowance for credit losses						Total reserves to total loans						Total loans						Allowance for credit losses						Total reserves to total loans
Commercial:
Commercial & industrial, including specialized lending			$	8,211,174					$	37,683					0.46		%				$	8,229,853					$	34,395					0.42		%				$	7,024,770					$	29,379					0.42		%
Multifamily			2,490,336						19,333						0.78		%				2,356,590						19,973						0.85		%				2,252,246						18,511						0.82		%
Commercial real estate owner occupied			1,135,119						10,431						0.92		%				1,058,741						10,991						1.04		%				1,100,944						10,755						0.98		%
Commercial real estate non-owner occupied			1,738,821						18,928						1.09		%				1,582,332						19,784						1.25		%				1,359,130						17,405						1.28		%
Construction			162,966						2,225						1.37		%				123,290						1,978						1.60		%				147,209						1,250						0.85		%
Total commercial loans and leases receivable			13,738,416						88,600						0.64		%				13,350,806						87,121						0.65		%				11,884,299						77,300						0.65		%
Consumer:
Residential			497,567						6,499						1.31		%				514,544						6,345						1.23		%				496,559						5,968						1.20		%
Manufactured housing			27,452						3,391						12.35		%				28,749						3,508						12.20		%				33,123						3,829						11.56		%
Installment			777,905						57,166						7.35		%				779,537						54,835						7.03		%				713,653						49,678						6.96		%
Total consumer loans receivable			1,302,924						67,056						5.15		%				1,322,830						64,688						4.89		%				1,243,335						59,475						4.78		%
Loans and leases receivable held for investment			15,041,340						155,656						1.03		%				14,673,636						151,809						1.03		%				13,127,634						136,775						1.04		%
Loans receivable, mortgage finance, at fair value			1,612,997						-						-		%				1,486,978						-						-		%				1,321,128						-						-		%
Loans receivable, installment, at fair value			102,077						-						-		%				111,636						-						-		%				-						-						-		%
Loans held for sale			26,102						-						-		%				30,897						-						-		%				204,794						-						-		%
Total loans and leases portfolio			$	16,782,516					$	155,656					0.93		%				$	16,303,147					$	151,809					0.93		%				$	14,653,556					$	136,775					0.93		%

CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
ASSET QUALITY - UNAUDITED (CONTINUED)
(Dollars in thousands)
			As of December 31, 2025																		As of September 30, 2025																		As of December 31, 2024
Loan type			Non accrual /NPLs						Total NPLs to total loans						Total reserves to total NPLs						Non accrual /NPLs						Total NPLs to total loans						Total reserves to total NPLs						Non accrual /NPLs						Total NPLs to total loans						Total reserves to total NPLs
Commercial:
Commercial & industrial, including specialized lending			$	19,790					0.24		%				190.41		%				$	4,430					0.05		%				776.41		%				$	4,041					0.06		%				727.02		%
Multifamily			2,092						0.08		%				924.14		%				-						-		%				-		%				11,834						0.53		%				156.42		%
Commercial real estate owner occupied			3,876						0.34		%				269.12		%				3,932						0.37		%				279.53		%				8,090						0.73		%				132.94		%
Commercial real estate non-owner occupied			168						0.01		%				11266.67		%				-						-		%				-		%				354						0.03		%				4916.67		%
Construction			-						-		%				-		%				-						-		%				-		%				-						-		%				-		%
Total commercial loans and leases receivable			25,926						0.19		%				341.74		%				8,362						0.06		%				1041.87		%				24,319						0.20		%				317.86		%
Consumer:
Residential			9,671						1.94		%				67.20		%				7,631						1.48		%				83.15		%				8,714						1.75		%				68.49		%
Manufactured housing			1,192						4.34		%				284.48		%				1,315						4.57		%				266.77		%				1,852						5.59		%				206.75		%
Installment			4,483						0.58		%				1275.17		%				4,225						0.54		%				1297.87		%				5,613						0.79		%				885.05		%
Total consumer loans receivable			15,346						1.18		%				436.96		%				13,171						1.00		%				491.14		%				16,179						1.30		%				367.61		%
Loans and leases receivable			41,272						0.27		%				377.15		%				21,533						0.15		%				705.01		%				40,498						0.31		%				337.73		%
Loans receivable, mortgage finance, at fair value			-						-		%				-		%				-						-		%				-		%				-						-		%				-		%
Loans receivable, installment, at fair value			2,137						2.09		%				-		%				1,872						1.68		%				-		%				-						-		%				-		%
Loans held for sale			279						1.07		%				-		%				5,016						16.23		%				-		%				2,777						1.36		%				-		%
Total loans and leases portfolio			$	43,688					0.26		%				356.29		%				$	28,421					0.17		%				534.14		%				$	43,275					0.30		%				316.06		%

CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
NET CHARGE-OFFS/(RECOVERIES) - UNAUDITED
(Dollars in thousands)
			Q4						Q3						Q2						Q1						Q4						Twelve Months Ended December 31,
			2025						2025						2025						2025						2024						2025						2024
Loan type
Commercial & industrial, including specialized lending			$	1,620					$	2,180					$	3,871					$	3,231					$	3,653					$	10,902					$	18,046
Multifamily			4,612						-						-						3,834						-						8,446						4,073
Commercial real estate owner occupied			(40)						335						411						16						339						722						365
Commercial real estate non-owner occupied			(225)						3,073						-						-						145						2,848						145
Construction			-						-						(3)						(3)						-						(6)						(10)
Residential			16						25						(4)						-						(18)						37						(41)
Installment			7,766						9,758						8,840						10,066						10,493						36,430						45,757
Total net charge-offs (recoveries) from loans held for investment			$	13,749					$	15,371					$	13,115					$	17,144					$	14,612					$	59,379					$	68,335