Customers Bancorp (Customers Bancorp) Allowance For Loans And Lease Losses : $-135.3 Mil (As of Dec. 2023)

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What is Customers Bancorp Allowance For Loans And Lease Losses?

Customers Bancorp's Allowance For Loans And Lease Losses for the quarter that ended in Dec. 2023 was $-135.3 Mil.

Customers Bancorp's quarterly Allowance For Loans And Lease Losses increased from Jun. 2023 ($-139.7 Mil) to Sep. 2023 ($-139.2 Mil) and increased from Sep. 2023 ($-139.2 Mil) to Dec. 2023 ($-135.3 Mil).

Customers Bancorp's annual Allowance For Loans And Lease Losses increased from Dec. 2021 ($-137.8 Mil) to Dec. 2022 ($-130.9 Mil) but then declined from Dec. 2022 ($-130.9 Mil) to Dec. 2023 ($-135.3 Mil).

Customers Bancorp Allowance For Loans And Lease Losses Historical Data

The historical data trend for Customers Bancorp's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Customers Bancorp Allowance For Loans And Lease Losses Chart

Customers Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-56.38

-144.18

-137.80

-130.92

-135.31

Customers Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-130.92	-130.28	-139.66	-139.21	-135.31

Customers Bancorp Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Customers Bancorp Allowance For Loans And Lease Losses Related Terms

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Customers Bancorp (Customers Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Customers Bancorp Inc (NYSE:CUBI) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

CUBIpF.PFD:USA CUBIpE.PFD:USA

Address

701 Reading Avenue, West Reading, PA, USA, 19611

Website

https://www.customersbank.com

Customers Bancorp Inc is a bank holding company engaged in banking activities. It provides financial products and services to small and middle-market businesses, not-for-profits, and consumers. The company operates in Lending Activities, Commercial Lending, Consumer Lending, Private Banking, Deposit Products, Other Funding Sources, and Financial Products and Services. The majority of revenue is derived from commercial lending.

Executives

Robert Neil Mackay	director	701 READING AVENUE, WEST READING PA 19611
Glenn Hedde	officer: Pres Mortgage WarehouseLending	1015 PENN AVENUE, SUITE 103, WYOMISSING PA 19610
Jay S Sidhu	director, officer: Chairman & CEO	4655 SALISBURY ROAD, SUITE 110, JACKSONVILLE FL 32256
Velasquez Jessie John Deano	officer: Chief Accounting Officer	1015 PENN AVENUE, WYOMISSING PA 19610
Philip Watkins	officer: CFO Customers Bank	1345 AVENUE OF THE AMERICAS 11TH FL, NEW YORK NY 10105
Carla A Leibold	officer: Principal Accounting Officer	C/O 1999 K STREET, N.W., 4TH FLOOR, WASHINGTON DC 20006
Andrew Hertz Bowman	officer: EVP and Chief Credit Officer	701 READING AVENUE, WEST READING PA 19611
Samvir S. Sidhu	officer: Head of Corporate Development	1345 AVENUE OF THE AMERICAS 11TH FL, NEW YORK NY 10105
Rajeev V Date	director	3465 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Lyle Cunningham	officer: Director/Chief Lending Officer	701 READING AVENUE, WEST READING PA 19611
Bernard Bennett Banks	director	701 READING AVENUE, WEST READING PA 19611
Steven Issa	officer: Exec VP/Chief Lending Officer	16 LILAC STREET, CUMBERLAND RI 02864
T Lawrence Way	director	1015 PENN AVENUE, SUITE 103, WYOMISSING PA 19610
Richard A Ehst	officer: President & COO	1015 PENN AVENUE, SUITE 103, WYOMISSING PA 19610
James T. Collins	officer: Chief Administrative Officer	4520 LONGFELLOW COURT, DOYLESTOWN PA 18902