Customers Bancorp, Inc. reported its first quarter 2025 financial results, with GAAP diluted earnings per share of $0.29 and core earnings per share of $1.54. Net income available to common shareholders was $9.5 million for the quarter.
The GAAP results included a $51.3 million impairment loss on investment securities due to a balance sheet optimization strategy aimed at enhancing structural liquidity and reducing asset sensitivity. Despite this, core earnings increased from the prior quarter.
The company continued to reduce its total cost of deposits by 25 basis points, and loans held for investment grew by $611.7 million, an annualized rate of 4.2%. The provision for credit losses increased to $28.3 million, primarily due to a slight deterioration in macroeconomic forecasts and an increase in loan balances.
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