Customers Bancorp Q2 Net Income Jumps 28%, Reaffirms 2026 Outlook
CUBI sits 28% above its 52-week low of $59.34.
Summary
Customers Bancorp reported Q2 net income of $71.56 million, up 28% year-over-year, with core EPS of $2.05. Total loans and deposits hit record levels, driven by C&I specialized lending and strong non-interest bearing deposit growth. The company reaffirmed full-year 2026 guidance and expects net interest margin to rebound in Q3 and expand further in Q4. This follows a pattern of insider selling in May and June, but the strong operational results and guidance reaffirmation may offset those concerns. The stock trades at 8x forward earnings, with a median analyst target of $93, suggesting significant upside if execution continues.
At the time of this announcement, CUBI was trading at $76.09 on NYSE in the Finance sector, with a market capitalization of approximately $2.6B. The 52-week trading range was $59.34 to $82.56. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.