BUSINESS SEGMENTS (Tables)

The following table presents Customers’ reported segment revenues, profit or loss and significant segment expenses for the three months ended March 31, 2026 and 2025:


Segment profit or loss
	Three Months Ended March 31,
(amounts in thousands, except per share data)	2026		2025






Total interest income	$	336,312	$	314,909







Total interest expense	144,961		147,463
Net interest income	191,351		167,446
Provision for credit losses	23,372		28,297
Net interest income after provision for credit losses	167,979		139,149






















Total non-interest income (loss) (1)	34,316		(24,490)
Non-interest expense:
Salaries and employee benefits	51,294		42,674
Technology, communication and bank operations	11,643		11,312
Commercial lease depreciation	12,692		8,463
Professional services	11,695		11,857
Loan servicing	3,859		4,630
Occupancy (2)	3,956		3,412
FDIC assessments, non-income taxes and regulatory fees	8,215		11,750
Advertising and promotion	554		528





Other (3)	8,080		8,145
Total non-interest expense	111,988		102,771
Income before income tax expense (benefit)	90,307		11,888
Income tax expense (benefit)	20,654		(1,024)




Segment net income	69,653		12,912
Preferred stock dividends	—		3,389

Segment net income available to common shareholders	$	69,653	$	9,523

Reconciliation of profit or loss
Adjustments and reconciling items	—		—
Consolidated net income available to common shareholders	$	69,653	$	9,523


Basic earnings per common share	$	2.04	$	0.30

Diluted earnings per common share	1.97		0.29

(1) Includes Customers’ equity in the net income of investees accounted for under the equity method consisting primarily of investments in the SBA’s small business investment companies, and income from investments in affordable housing projects.

(2) Includes depreciation expense for furniture, fixture and equipment and amortization of leasehold improvements of $1.0 million and $0.7 million for the three months ended March 31, 2026 and 2025, respectively.

(3) Other expenses include provision for credit losses on unfunded lending-related commitments, loan workout and non-capitalizable origination costs, provision for operating losses, insurance expenses, charitable contributions and other miscellaneous expenses.

The measure of segment assets is reported as total assets on the consolidated balance sheet. The following table presents Customers’ reported segment assets as of March 31, 2026 and December 31, 2025:


Segment assets
(amounts in thousands)	March 31, 2026		December 31, 2025
Total assets	$	25,880,767	$	24,895,868
Adjustments and reconciling items	—		—
Consolidated total assets	$	25,880,767	$	24,895,868