Customers Bancorp Reports Strong Q2 Earnings and Balance Sheet Growth
Customers Bancorp reported second-quarter earnings per share of $2.05 for the quarter ended June 30, 2026, representing a 4% increase from the prior quarter and an 18% rise compared to the same period in 2025. The growth was driven by stronger loan activity, deposit gathering, and net interest income. Total loans reached $18 billion for the first time, while total deposits rose to $21.7 billion with non-interest-bearing deposits hitting a record high of $6.9 billion or 32% of total deposits. The company reaffirmed its full-year guidance and expects improved net interest income in the second half of 2026. Management highlighted progress on efficiency initiatives, including automation that saved over 46,000 hours and a target to reduce the efficiency ratio from around 50% currently to low-40s by 2027.
Tickers: $CUBB
Topics: balance sheet growth banking financial performance net interest income