Slide 1: Customers Bancorp Reports Record Net Income for Full Year 2013 and Q4 2013
CUSTOMERS BANCORP, INC. REPORTS RECORD NET INCOME FOR FULL YEAR 2013 AND Q4 2013 Investor Call January 23, 2014 2:00 pm EST
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation as well as other written or oral communications made from time to time by us, may contain certain forward-looking information within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. These statemen
Slide 3: Forward Looking Statements
Forward Looking Statements timely development and acceptance of new banking products and services and perceived overall value of these products and services by users; volatility in the credit and equity markets and its effect on the general economy; the potential for customer fraud, especially in ou
Slide 4: Executive Summary
Executive Summary 2013 marks transition of Customers Bank from a turnaround story to a growth story Listed Customers on NASDAQ (CUBI) Raised $103.5 million common equity and $63.3 million debt in public offerings Reached $4.2 billion in assets Reduced non-covered non-performing assets to 0.43% of no
Slide 5: Customers Reports Record Net Income
Customers Reports Record Net Income Customers’ Q4 2013 net interest income growth reflects execution of our loan growth strategy offset in part by lower mortgage warehouse balances, and a small contraction in net interest margin Q4 2013 non-interest income includes $1.1 million in mortgage banking i
Slide 6: Customers Assets Grow 30% in 2013
Customers Assets Grow 30% in 2013 Investments consist largely of FNMA and FHLMC MBS securities, providing earnings and on-balance sheet liquidity. Investments include Customers $23 million investment in Religare Enterprises Loans grew nearly $500 million in 2013 with multi-family up $698.3 million,
Slide 7: Strong Capital Provides Future Growth Capacity
Strong Capital Provides Future Growth Capacity The minimum excess capital amount would support approximately $1.5 billion of asset growth of 100% risk weighted assets (such as commercial loans and CRE), or $1.75 billion of 50% risk weighted assets, giving Customers room to grow with existing capital