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Customers Bancorp, Inc.

Customers Bancorp, Inc. is an American state commercial bank based in West Reading, listed on NYSE (CUBI).1

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Last updated Oct 21, 2026.

Overview

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  • TickerCUBI on NYSE1
  • IndustryState Commercial Banks1
  • HeadquartersWest Reading, Pennsylvania1
  • Incorporated inPA2
  • Business address701 Reading Avenue, West Reading, Pa 196112
  • Filer categoryLarge accelerated filer2

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Customers Bancorp is a bank holding company engaged in banking activities through its wholly owned subsidiary, Customers Bank, collectively referred to as “Customers” herein. Customers is a forward-thinking bank with strong risk management that provides commercial and consumer customers the stability and trust inherent in working with an established and regulated financial institution. The Bank has diversified lending activities that build overall franchise value and a high-tech, high-touch, branch-light strategy that serves its customers through a single-point-of-contact private banking strategy. The Bank serves commercial businesses, through community, SBA, and private client groups. The Bank also serves corporate businesses nationwide, including healthcare, real estate specialty finance, fund finance, technology and venture capital banking, financial institutions group, mortgage finan…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2020

329.8%Net margin5
-14.0%Revenue growth, 20206
11.9%Return on equity7
3.95×Debt to equity8
$128.4MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2020

  • Interest44¢$139.6M
  • Income tax15¢$46.7M
  • Profit42¢$132.6M

Out of $40.2M in revenue.65

Where each dollar of operating cash went, fiscal 2020

  • Capital spending4¢$4.7M
  • Kept or used elsewhere96¢$128.4M

Out of $133.0M of cash from operations.65

Financial statements

Revenue6$40.2M in 2020−14% since 2019
0$20.0M$40.0M$60.0M2019: $46.7M$46.7M20192020: $40.2M$40.2M2020−14%
Net income85$132.6M in 2020+67% since 2019
0$50.0M$100.0M$150.0M2019: $79.3M$79.3M20192020: $132.6M$132.6M2020+67%

Every line of the income statement as filed: the last 3 fiscal years, latest first.11

Period ending2025-12-312024-12-312023-12-31
Loans and leases$1.0B$901.5M$996.5M
Investment securities$139.8M$180.3M$200.7M
Interest earning deposits$177.4M$190.8M$125.9M
Loans held for sale$9.6M$46.1M$36.2M
Other$8.1M$9.2M$8.0M
Interest income$1.4B$1.3B$1.4B
Deposits$539.1M$603.3M$576.4M
FHLB advances$52.0M$52.1M$80.0M
FRB advances$0$0$6.3M
Subordinated debt$13.0M$12.3M$10.8M
Other borrowings$5.0M$5.7M$6.4M
Total interest expense$609.1M$673.4M$679.9M
Net interest income$750.5M$654.4M$687.4M
Provision for credit losses$98.0M$73.5M$74.6M
Net interest income after provision for credit losses$652.5M$581.0M$612.8M
Commercial lease income$47.4M$40.7M$36.2M
Loan fees$35.2M$27.2M$20.2M
Bank-owned life insurance$11.3M$9.4M$11.8M
Mortgage finance transactional fees$4.7M$4.1M$4.4M
Net gain (loss) on sale of loans and leases-$60.0K-$15.6M-$1.2M
Loss on sale of capital call lines of credit$0$0-$5.0M
Net gain (loss) on sale of investment securities-$1.6M-$27.0M-$574.0K
Impairment loss on debt securities-$51.3M$0$0
Unrealized gain on equity method investments$0$11.4M$0
Other$22.2M$10.3M$4.8M
Total non-interest income$67.8M$60.4M$70.6M
Salaries and employee benefits$189.0M$175.8M$133.3M
Technology, communication and bank operations$43.5M$65.2M$65.5M
Commercial lease depreciation$38.3M$32.5M$29.9M
Professional services$50.4M$35.0M$35.2M
Loan servicing$16.9M$15.9M$17.1M
Occupancy$15.6M$11.8M$10.1M
FDIC assessments, non-income taxes, and regulatory fees$41.2M$41.7M$35.0M
Advertising and promotion$2.4M$4.5M$3.1M
Legal settlement expense$0$0$4.1M
Other$34.6M$34.6M$19.4M
Total non-interest expense$431.9M$417.0M$352.7M
Income before income tax expense$288.4M$224.4M$330.7M
Income tax expense$64.3M$42.9M$80.6M
Net income$224.1M$181.5M$250.1M
Preferred stock dividends$10.2M$15.0M$14.7M
Loss on redemption of preferred stock$4.7M$0$0
Net income available to common shareholders$209.2M$166.4M$235.4M
Net income available to common shareholders$209.2M$166.4M$235.4M
Basic earnings per common share (usd per share)$6.46$5.28$7.49
Diluted earnings per common share (usd per share)$6.26$5.09$7.32

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Corporate structure

Customers Bancorp, Inc. sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Customers Bancorp, Inc.

  • Customers Bancorp, Inc. West Reading, Pennsylvania
    • 1. Customers Bank Subsidiary · Pennsylvania, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Customers Bancorp, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$45.1M11 Dec 31, 2025$31.3M11 Dec 31, 2024+43.8%
Accumulated depreciation$28.3M11 Dec 31, 2025$24.7M11 Dec 31, 2024+14.8%
Property and equipment, net$16.7M11 Dec 31, 2025$6.7M11 Dec 31, 2024+151.1%
Operating-lease assets (leased space)$34.3M11 Dec 31, 2025$35.3M11 Dec 31, 2024−2.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$4.4B11 Dec 31, 2025$3.8B11 Dec 31, 2024+16.5%
Equity securities at fair value$31.1M11 Dec 31, 2025$34.3M11 Dec 31, 2024−9.2%
Loans, net of allowance$16.6B11 Dec 31, 2025$14.3B11 Dec 31, 2024+16.0%
Deposits held (banks)$20.8B11 Dec 31, 2025$18.8B11 Dec 31, 2024+10.3%

Properties, in its own words

Customers leases its Corporate headquarters located at 701 Reading Avenue, West Reading, PA 19611, and its Bank headquarters at 40 General Warren Boulevard, Malvern, PA 19355. Customers also leases all of its branches, limited purpose, and administrative office properties from third parties. Customers believes that its offices are sufficient for its present operations.

Item 2 of the 10-K filed Feb 27, 2026.4

Leadership

Who has led Customers Bancorp, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jay S. Sidhu2013–2021
  2. Steven Issa2021
  3. Samvir S. Sidhu2022–now

Chair

  1. Jay S. Sidhu2013–now

President

  1. Richard A. Ehst2013–2021
  2. Samvir S. Sidhu2022–now

Chief financial officer

  1. James D. Hogan2013
  2. Robert E. Wahlman2013–2018
  3. Carla A. Leibold2019–2024
  4. Philip Watkins2023–2025
  5. Mark R. McCollom2025–now

Chief operating officer

  1. Richard A. Ehst2013–2021
  2. Stephen Francis Wyremski2026–now
201520202025
Board members and other officers (27)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 1. Customers Bank Pennsylvania3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Customers 1st Bancorp, Inc.Apr 22, 2010 to Dec 10, 20102

Timeline

  1. Jul 27, 20268-K Executive or director change49
  2. Jul 23, 20268-K Results of operations; Regulation FD disclosure50
  3. Jul 8, 20268-K Executive or director change51
  4. Jun 3, 20268-K Shareholder vote52
  5. May 28, 20268-K Executive or director change; Shareholder vote53
  6. Apr 23, 20268-K Results of operations; Regulation FD disclosure54
  7. Apr 16, 20268-K Financial statements and exhibits55
  8. Apr 15, 20268-K Regulation FD disclosure56
  9. Mar 24, 20268-K Executive or director change57
  10. Mar 23, 20268-K Executive or director change58
  11. Feb 11, 20268-K Other events59
  12. Jan 26, 20268-K Executive or director change; Regulation FD disclosure60
  13. Feb 25, 2022New chief executive Samvir S. Sidhu becomes CEO12
  14. Apr 5, 2021New chief executive Steven Issa becomes CEO13
  15. May 16, 2013New chief executive Jay S. Sidhu becomes CEO14

Calendar

Coming up

  1. Oct 22, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $2.20 a share, on Oct 23, 2025.61

When it reported results

  1. Jul 23, 2026Reported quarterly or annual results50
  2. Apr 23, 2026Reported quarterly or annual results54
  3. Jan 22, 2026Reported quarterly or annual results62
  4. Oct 23, 2025Reported quarterly or annual results63
  5. Jul 24, 2025Reported quarterly or annual results64
  6. Apr 24, 2025Reported quarterly or annual results65
  7. Jan 23, 2025Reported quarterly or annual results66
  8. Oct 31, 2024Reported quarterly or annual results67

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

629 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 64 major events, 453 insider forms, 39 large holders, 53 other. The latest 20:

  1. Oct 8, 2026SCHEDULE 13G EDGAR
  2. Sep 17, 20264 PRIMARY DOCUMENT EDGAR
  3. Sep 17, 20264 PRIMARY DOCUMENT EDGAR
  4. Sep 17, 20264 PRIMARY DOCUMENT EDGAR
  5. Sep 17, 20264 PRIMARY DOCUMENT EDGAR
  6. Sep 17, 20264 PRIMARY DOCUMENT EDGAR
  7. Sep 17, 20264 PRIMARY DOCUMENT EDGAR
  8. Sep 17, 20264 PRIMARY DOCUMENT EDGAR
  9. Sep 17, 20264 PRIMARY DOCUMENT EDGAR
  10. Sep 17, 20264 PRIMARY DOCUMENT EDGAR
  11. Sep 8, 20264 PRIMARY DOCUMENT EDGAR
  12. Aug 17, 20264 PRIMARY DOCUMENT EDGAR
  13. Aug 13, 2026SCHEDULE 13G/A EDGAR
  14. Aug 7, 202610-Q EDGAR
  15. Aug 5, 20264 PRIMARY DOCUMENT EDGAR
  16. Jul 31, 20264 PRIMARY DOCUMENT EDGAR
  17. Jul 29, 2026144 EDGAR
  18. Jul 27, 20268-K EDGAR
  19. Jul 23, 20268-K EDGAR
  20. Jul 8, 20268-K EDGAR

The 629 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

72 open-market trades by officers, directors and large owners since October 2021: 8 buys and 64 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 13, 2026Allon Andrea R.DirectorSale10,000$82.81$828.1KForm 4
Aug 3, 2026SIDHU JAY SChairmanSale68,821$80.09$5.5MForm 4
Jul 30, 2026SIDHU JAY SChairmanSale835$79.00$66.0KForm 4
Jul 29, 2026SIDHU JAY SChairmanSale30,344$79.20$2.4MForm 4
May 29, 2026Cunningham LyleChief Banking OfficerSale47,914$75.03$3.6MForm 4
May 27, 2026SIDHU JAY SChairmanSale60,315$76.23$4.6MForm 4
May 12, 2026Sidhu Samvir S.CEOBuy1,000$72.58$72.6KForm 4
May 11, 2026Watkins PhilipEVP, Head of Corp DevelopmentSale3,000$75.67$227.0KForm 4
Dec 9, 2025Velasquez Jessie John DeanoChief Accounting OfficerSale2,242$71.05$159.3KForm 4
Dec 3, 2025SIDHU JAY SChairmanSale128,185$69.43$8.9MForm 4
Nov 25, 2025SIDHU JAY SChairmanSale7,479$70.06$524.0KForm 4
Nov 24, 2025Watkins PhilipEVP, Head of Corp DevelopmentSale2,900$65.04$188.6KForm 4
Nov 12, 2025SIDHU JAY SChairmanSale2,522$68.39$172.5KForm 4
Nov 11, 2025SIDHU JAY SChairmanSale24,784$68.05$1.7MForm 4
Nov 10, 2025SIDHU JAY SChairmanSale13,595$68.69$933.8KForm 4
Nov 7, 2025Banks Bernard BennettDirectorSale9,000$66.93$602.4KForm 4
Nov 6, 2025SIDHU JAY SChairmanSale1,263$67.75$85.6KForm 4
Nov 5, 2025SIDHU JAY SChairmanSale22,172$67.76$1.5MForm 4
Feb 4, 2025SIDHU JAY SChairmanSale67,000$56.82$3.8MForm 4
Jan 31, 2025SIDHU JAY SChairmanSale33,173$57.25$1.9MForm 4

All 72 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Sam SidhuPresident and Chief Executive Officer42$725.0K$12.9M77
2025Jay S. SidhuExecutive Chairman and Former Chief Executive Officer74$850.0K$3.0M77
2025Philip S. WatkinsEVP, Head of Corporate Development and Investor Relations and Former Chief Financial Officer$425.0K$1.1M77
2025Lyle P. CunninghamEVP, Chief Banking Officer$425.0K$907.5K77
2025Thomas H. KasulkaEVP, Chief Credit Officer$425.0K$889.0K77
2025Mark R. McCollomEVP, Chief Financial Officer$278.8K$391.1K77
2024Jay S. SidhuExecutive Chairman and Former Chief Executive Officer74$843.3K$3.4M77
2024Sam SidhuPresident and Chief Executive Officer42$715.6K$2.3M77
2024Lyle P. CunninghamEVP, Chief Banking Officer$418.3K$1.8M77
2024Thomas H. KasulkaEVP, Chief Credit Officer$425.0K$1.3M77
2024Philip S. WatkinsEVP, Head of Corporate Development and Investor Relations and Former Chief Financial Officer$410.7K$634.3K77
2023Jay S. SidhuExecutive Chairman and Former Chief Executive Officer74$778.8K$3.8M77
2023Sam SidhuPresident and Chief Executive Officer42$643.3K$2.7M77
2023Lyle P. CunninghamEVP, Chief Banking Officer$388.5K$1.3M77

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.4,869,339$385.2M0.0%−122,591
Wellington Management Group Llp4,035,500$319.2M0.1%+145,956
State Street Corp2,079,651$164.5M0.0%+89,081
Dimensional Fund Advisors LP2,012,060$159.2M0.0%+69,071
Hood River Capital Management LLC1,941,996$153.6M1.1%+210,686
Vanguard Capital Management LLC1,359,670$107.5M0.0%−3,946
American Century Companies Inc1,173,042$92.8M0.0%+67,494
Assenagon Asset Management S.A.1,167,136$92.3M0.1%+388,347
Geode Capital Management, LLC910,283$72.0M0.0%+27,963
UBS Group AG698,088$55.2M0.0%−330,825
Vanguard Portfolio Management LLC665,407$52.6M0.0%+22,687
Driehaus Capital Management LLC634,687$50.2M0.3%+11,173
Allspring Global Investments Holdings, LLC562,917$45.0M0.1%+100,961
Charles Schwab Investment Management Inc503,291$39.8M0.0%−34,002
Nuveen, LLC493,505$39.0M0.0%+6,572
Northern Trust Corp428,826$33.9M0.0%+14,178
Morgan Stanley401,607$31.8M0.0%−8,675
Invesco Ltd.388,415$30.7M0.0%+45,073
Emerald Advisers, LLC334,660$26.5M0.6%−8,549
Goldman Sachs Group Inc306,467$24.2M0.0%−107,863
Two Sigma Investments, LP303,141$24.0M0.0%+70,425
Tidal Investments LLC299,421$23.7M0.1%−4,221
Bridgeway Capital Management, LLC263,275$20.8M0.4%+90,786
Jpmorgan Chase & Co249,943$19.9M0.0%+39,424
Principal Financial Group Inc247,896$19.6M0.0%+7,563

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Customers Bancorp, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCustomers Bancorp, Inc.1
  • CIK0001488813
  • Employer ID (EIN)27-22906594
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inPennsylvania4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address701 Reading Avenue, West Reading, PA 196111
  • Phone484-359-71131
  • Shares outstanding33,783,799 as of Aug 4, 202610
  • Public float$1.7B as of Jun 30, 20254
  • AuditorDeloitte & Touche LLP, Philadelphia, PA PCAOB ID 34; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceApr 22, 20101
  • Filings1,553 in all: 4 (883), 8-K (237), 10-Q (46), 3 (36), SC 13G/A (34), 424B5 (30), FWP (30), 144 (23)1
    All 46 form types

    4/A (23), UPLOAD (16), 10-K (15), DEF 14A (15), CORRESP (14), SC 13G (13), SCHEDULE 13G/A (13), DEFA14A (12), S-1/A (10), 8-A12B (9), S-8 (8), 8-K/A (7), 3/A (6), 5 (6), EFFECT (6), SCHEDULE 13G (6), 25-NSE (5), 425 (5), CERTNYS (5), S-3 (5), S-3/A (5), 10-K/A (3), ARS (3), D (3), PRE 14A (3), 10-Q/A (2), 424B3 (2), 5/A (2), S-1 (2), SEC STAFF LETTER (2), 25 (1), 305B2 (1), CERT (1), CERTNAS (1), NT 10-Q (1), RW (1), S-3ASR (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Apr 14, 2026
    Latest 8-K (8-K) Jul 27, 2026

Securities registered for trading

ClassSymbolExchange
Voting Common Stock, par value $1.00 per shareCUBINew York Stock Exchange
5.375% Subordinated Notes due 2034CUBBNew York Stock Exchange

From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Customers Bancorp, Inc. names in Item 1A of its 10-K filed Feb 27, 2026: 65 risks under these headings, as written.4

  • •General risk factors
  • Risks Related to the Bancorp’s Banking Operations
  • Our business is highly susceptible to credit risk. If our ACL is insufficient to absorb losses in our loan and lease portfolio, our earnings could decrease.
  • Changes in the composition of our loan portfolio may expose us to increased lending risks.
  • Our emphasis on commercial, commercial real estate and mortgage finance may expose us to increased lending risks.
  • We are subject to risks arising from conditions in the commercial real estate market.
  • Our New York State multifamily loan portfolio could be adversely impacted by changes in legislation or regulation.
  • The fair value of our investment securities fluctuates due to market conditions. Adverse economic performance can lead to adverse security performance and potential impairment.
  • Changes to estimates and assumptions made by management in preparing financial statements could adversely affect our business, operating results, reported assets and liabilities, financial condition and capital levels.
  • Changes in accounting standards and policies can be difficult to predict and can materially impact how we record and report our financial results.
  • Our geographic concentration in the Northeast and Mid-Atlantic regions makes our business susceptible to downturns in the local economies and depressed banking markets, which could materially and adversely affect us.
  • Our loan and deposit portfolios contain concentrations in certain business lines or product types that have unique risk characteristics and may expose us to increased risks.
The other 55 risks
  • We depend on our executive officers and key personnel, and our ability to recruit key personnel, to implement our strategy and could be harmed by the loss of their services or our inability to recruit such persons.
  • We face significant competition from other financial institutions and financial services providers, which may materially and adversely affect us.
  • Like other financial services institutions, our asset and liability structures are monetary in nature. Such structures are affected by a variety of factors, including changes in interest rates, which can impact the value of financial instruments held by us.
  • Acceptance and success of our proprietary B2B instant payments platform, cubiX, is subject to a variety of factors that are difficult to evaluate.
  • We are dependent on our information technology and telecommunications systems and third-party service providers, and systems failures, interruptions or breaches of security, or the failure of our third-party service providers to adequately perform their services, could have a material adverse effect on us.
  • Any actual or perceived failure to comply with evolving regulatory frameworks around the development and use of artificial intelligence could adversely affect our business, results of operations, and financial condition.
  • Loss of, or failure to adequately safeguard, confidential or proprietary information may adversely affect our operations, net income or reputation.
  • Breaches of security measures, computer viruses or malware, fraudulent activity and infrastructure failures could materially and adversely affect our reputation or harm our business, including the unauthorized access to or disclosure of data relating to third-party serviced deposit account holders.
  • Negative public opinion regarding us could adversely affect our stock price, business, results of operations, and financial condition.
  • Increasing, complex and evolving regulatory, stakeholder, and other third party expectations on CSR matters could adversely affect our reputation, our access to capital and the market price of our securities.
  • We may engage in acquisitions of other businesses from time to time. These acquisitions may not produce revenue or earnings enhancements or cost savings at levels, or within time frames, originally anticipated and may result in unforeseen integration difficulties.
  • Our acquisitions generally will require regulatory approvals, and failure to obtain them would restrict our growth.
  • To the extent that we are unable to increase loans and deposits through organic growth, we may be unable to successfully implement our growth strategy, which could materially and adversely affect us.
  • We may not be able to effectively manage our growth.
  • If our techniques for managing risk are ineffective, we may be exposed to material unanticipated losses.
  • We are dependent upon maintaining an effective system of internal controls to provide reasonable assurance that transactions and activities are conducted in accordance with established policies and procedures and are captured and reported in the financial statements. Failure to comply with the system of internal controls may result in events or losses which could adversely affect our operations, net income, financial condition, reputation and compliance with laws and regulations.
  • We may not be able to meet the cash flow requirements of our loan funding obligations, deposit withdrawals, or other business needs and fund our asset growth unless we maintain sufficient liquidity.
  • We may not be able to develop and retain a strong core deposit base and other low-cost, stable funding sources.
  • Competitors’ technology-driven products and services and improvements to such products and services may adversely affect our ability to generate core deposits through mobile banking.
  • We may incur losses due to minority investments in other financial institutions or related companies.
  • Risks related to Macroeconomic Conditions, Pandemics, Climate Change and Geopolitical Conflicts
  • Adverse developments in the financial services industry, and responsive measures to manage it, could have an adverse effect on our stock price, financial position and results of operations. In addition, if we are unable to adequately manage our liquidity, deposits, capital levels, interest rate risk or reputation risk, it could have a material adverse effect on our stock price, financial condition and results of operations.
  • Adverse changes in general business and economic conditions could materially and adversely affect us.
  • We are a participating lender in SBA’s PPP program and have originated a significant number of loans under this program, which may result in some amount of PPP loans remaining on our consolidated balance sheets at a very low yield for an extended period of time.
  • Climate change and related legislative and regulatory initiatives may result in operational changes and expenditures that could significantly impact our business.
  • Severe weather, natural disasters, public health issues, acts of war or terrorism, and other external events could significantly impact our ability to conduct business.
  • Risks Related to the Regulation of Our Industry
  • Our business, financial condition, results of operations and future prospects could be adversely affected by the highly regulated environment in which we operate.
  • Significantly heightened regulatory and supervisory expectations and scrutiny in the U.S. have increased our compliance, regulatory and other risks and costs and subject us to legal and regulatory examinations, investigations and enforcement actions.
  • Our use of third-party service providers and our other ongoing third-party business relationships are subject to increasing regulatory requirements and attention.
  • We are subject to numerous laws and governmental regulations and to regular examinations by our regulators of our business and compliance with laws and regulations, and our failure to comply with such laws and regulations or to adequately address any matters identified during our examinations could materially and adversely affect us.
  • Other litigation and regulatory actions, including enforcement actions, could subject us to significant fines, penalties, judgments or other requirements resulting in increased expenses or restrictions on our business activities.
  • The FDIC’s restoration plan and the related increased assessment rate could materially and adversely affect us.
  • The Federal Reserve may require us to commit capital resources to support our subsidiary bank.
  • We may need to raise additional capital in the future and such capital may not be available when needed or at all.
  • We are subject to capital adequacy standards, and a failure to meet these standards could adversely affect our financial condition.
  • We face a risk of noncompliance and enforcement action with the Bank Secrecy Act and other anti-money laundering statutes and regulations.
  • Federal, state and local consumer lending laws may restrict our ability to originate certain mortgage loans or increase our risk of liability with respect to such loans and could increase our cost of doing business.
  • Loans that we make through certain federal programs are dependent on the Federal Government’s continuation and support of these programs and on our compliance with their requirements.
  • We are subject to regulatory restrictions on transactions with our affiliates and related parties. Failure to comply with such regulations could materially and adversely affect us.
  • Reviews performed by the Internal Revenue Service and state and local taxing authorities for the fiscal years that remain open for investigation may result in a change to income taxes recorded in our consolidated financial statements and adversely affect our results of operations.
  • Changes in U.S. federal, state or local tax laws may negatively impact our financial performance.
  • Risks Related to Our Securities
  • The trading volume in our common stock may generally be less than that of other larger financial services companies.
  • We do not expect to pay cash dividends on our common stock in the near future, and our ability to pay dividends is subject to regulatory limitations.
  • We may issue additional shares of our common stock in the future which could adversely affect the value or voting power of our outstanding common stock.
  • Future issuances of debt securities, which would rank senior to our common stock upon our liquidation, and future issuances of equity securities, which would dilute the holdings of our existing holders of common stock and may be senior to our common stock for the purposes of making distributions, periodically or upon liquidation, may negatively affect the market price of our common stock.
  • Provisions in our articles of incorporation and bylaws may inhibit a takeover of us, which could discourage transactions that would otherwise be in the best interests of our shareholders and could entrench management.
  • Shareholders may be deemed to be acting in concert or otherwise in control of us and our bank subsidiaries, which could impose prior approval requirements and result in adverse regulatory consequences for such holders.
  • Our directors and executive officers can influence the outcome of shareholder votes and, in some cases, shareholders may not have the opportunity to evaluate and affect the investment decision regarding potential investment, acquisition or disposition transactions.
  • The FDIC’s policy statement imposing restrictions and criteria on private investors in failed bank acquisitions will apply to us and our investors.
  • Our 2.875% Senior Notes, 6.875% Subordinated Notes, 6.125% Subordinated Notes and 5.375% Subordinated Notes contain limited covenants.
  • Our ability to make interest and principal payments on the Senior Notes and Subordinated Notes is dependent on dividends and distributions we receive from our subsidiaries, which are subject to regulatory and other limitations.
  • We may not be able to generate sufficient cash to service our debt obligations, including our obligations under the Senior Notes and Subordinated Notes.
  • The Senior Notes and Subordinated Notes may not have an active trading market.
  • General Risk Factors
  • Downgrades in U.S. government and federal agency securities could adversely affect us.
  • We may not be able to maintain consistent earnings or profitability.

Legal proceedings

For information on Customers’ legal proceedings, refer to “NOTE 21 – LOSS CONTINGENCIES” to Customers’ audited consolidated financial statements.

The opening of Item 3, Legal Proceedings.4

Sources

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