Customers Bancorp Inc 2024年度报告

FORM 10-K ☐ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the fiscal year ended December 31, 2024☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934For the transition period fromto. 001-35542(Commission File Number) (Exact name of registrant as specified in its charter) Customers Bancorp, Inc. Pennsylvania (State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification Number) 701 Reading AvenueWest Reading, PA 19611(Address of principal executive offices)(610) 933-2000(Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: TradingSymbolsName of Each Exchange on whichRegisteredCUBINew York Stock Exchange Fixed-to-Floating Rate Non-Cumulative PerpetualPreferred Stock, Series E, par value $1.00 pershare CUBI/PENew York Stock Exchange CUBI/PFNew York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None________________________________________ Indicate by check mark whether the registrant is a well-known seasoned issuer, as defined in Rule 405 ofthe Securities Act.Yes xNo ¨ Indicate by check mark whether the registrant is not required to file reports pursuant to Section 13 orSection 15(d) of the Act.Yes ¨No x Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter periodthat the registrant was required to file such reports), and (2) has been subject to such filing requirementsfor the past 90 days.Yes xNo ¨ Indicate by check mark whether the registrant has submitted electronically every Interactive Data Filerequired to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during thepreceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).Yes xNo ¨ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of“large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company”in Rule 12b-2 of the Exchange Act. Large Accelerated Filerx Non-Accelerated Filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use theextended transition period for complying with any new or revised financial accounting standardsprovided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant has filed a report on and attestation to itsmanagement’s assessment of the effectiveness of its internal control over financial reporting underSection 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accountingfirm that prepared or issued its audit report. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether thefinancial statements of the registrant included in the filing reflect the correction of an error topreviously issued financial statements. Indicate by check mark whether any of those error corrections are restatements that required arecovery analysis of incentive-based compensation received by any of the registrant’s executiveofficers during the relevant recovery period pursuant to §240.10D-1(b). Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of theAct).Yes☐No x The aggregate market value of common stock held by non-affiliates of the registrant was approximately$1,403,452,041 as of June 30, 2024, based upon the closing price quoted on the New York StockExchange for such date. Shares of common stock held by each executive officer and director have beenexcluded because such persons may under certain circumstances be deemed to be affiliates. Thisdetermination of executive officer or affiliate status is not necessarily a conclusive determination for otherpurposes. On February 25, 2025, 31,467,244 shares of common stock were outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive proxy statement to be delivered to shareholders in connection withthe 2025 Annual Meeting of Shareholders are incorporated by reference into Part III of this AnnualReport. INDEX PAGE PART I Item 1.Business8Item 1A.Risk Factors29Item 1B.Unresolved Staff Comments64Item 1C.Cybersecurity64Item 2.Properties65Item 3.Legal Proceedings65Item 4.Mine Safety Disclosures65 PART II Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters andIssuer Purchases of Equity Securities66Item 6.[Reserved]68Item 7.Management’s Discussion and Analysis of Financial Condition and Resultsof Operations69Item 7A.Quantitative and Qualitative Disclosures about Market Risk104Item 8.Financial Statements and Supplementary Data106Item 9.Changes in an