CUBIPC.PFD (Customers Bancorp) Credit Losses Provision : $84.68 Mil (As of Dec. 2024)

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What is Customers Bancorp Credit Losses Provision?

Customers Bancorp's credit losses provision for the three months ended in Dec. 2024 was $21.19 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2024 was $84.68 Mil.

Customers Bancorp's quarterly credit losses provision declined from Jun. 2024 ($18.12 Mil) to Sep. 2024 ($17.07 Mil) but then increased from Sep. 2024 ($17.07 Mil) to Dec. 2024 ($21.19 Mil).

Customers Bancorp's annual credit losses provision increased from Dec. 2022 ($60.07 Mil) to Dec. 2023 ($74.61 Mil) but then declined from Dec. 2023 ($74.61 Mil) to Dec. 2024 ($73.45 Mil).

Customers Bancorp Credit Losses Provision Historical Data

The historical data trend for Customers Bancorp's Credit Losses Provision 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 Credit Losses Provision Chart

Customers Bancorp Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Credit Losses Provision

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62.77

27.43

60.07

74.61

73.45

Customers Bancorp Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Credit Losses Provision	Get a 7-Day Free Trial															17.07	18.12	17.07	21.19	28.30

Customers Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $84.68 Mil.

Customers Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Customers Bancorp Inc (NYSE:CUBIpC.PFD) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

CUBIpF.PFD:USA CUBIpE.PFD:USA CUBI:USA 0I5Z:UK

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.