Customers Bancorp Q2 2026: Net Income Surges 28% to $71.6M, Loans and Deposits Hit Records
CUBI sits 38% above its 52-week low of $59.34.
Summary
Customers Bancorp reported Q2 2026 net income of $71.6 million ($2.05 diluted EPS), up 28% YoY, driven by record loans and deposits. Net interest income rose 9.4%, credit quality held steady, and the bank repurchased $49.4 million in shares. Capital ratios remain robust.
Key Events · Earnings and Guidance · CUBI
-
Earnings Beat
Net income available to common shareholders reached $71.6 million, or $2.05 per diluted share, a 28% increase from $55.8 million ($1.73 EPS) in Q2 2025.
-
Loan and Deposit Growth
Total loans and leases receivable grew to $16.2 billion, up 7.8% from year-end 2025, while total deposits increased 4.6% to $21.7 billion, with non-interest-bearing demand deposits rising 9.7%.
-
Net Interest Income Expansion
Net interest income increased 9.4% to $193.4 million, driven by higher average loan balances, partially offset by a 10 bps decline in net interest margin to 3.17%.
-
Credit Quality
Provision for credit losses was $23.1 million; the allowance for credit losses on loans and leases stood at $164.1 million (1.01% of loans). Net charge-offs were 34 bps annualized, with multifamily loans seeing higher charge-offs.
Analysis · CUBI · Finance
A standout second quarter saw net income available to common shareholders jump 28% year-over-year to $71.6 million, or $2.05 per diluted share. Driving the performance was robust loan growth—total loans and leases receivable climbed to $16.2 billion—and a 9.4% increase in net interest income, as higher average loan balances more than offset modest net interest margin compression. Credit quality remains manageable, with the allowance for credit losses at 1.01% of loans and net charge-offs of 34 basis points annualized. The bank continued to return capital to shareholders, repurchasing $49.4 million in stock during the first half of 2026. Capital levels are strong, with a CET1 ratio of 12.86% at the holding company, well above regulatory requirements. The quarter's performance reinforces the bank's growth trajectory, though investors should monitor the multifamily loan portfolio, which saw higher charge-offs and reserve builds.
At the time of this filing, CUBI was trading at $82.07 on NYSE in the Finance sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $59.34 to $83.95. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.