Customers Bancorp, Inc.

Customers Bancorp reported GAAP EPS of $2.05, up roughly 4% sequentially and 18% year over year. Net interest income was over $193 million, up $16 million or 9% year over year, and net interest margin was 3.17%, which management said should be the low point for 2026. Total loans grew $624 million, or 4%, in the quarter to a record $18 billion, while total deposits rose $2.7 billion year over year to $21.7 billion and noninterest-bearing deposits increased to $6.9 billion. Tangible book value per share reached $65.20, up 3% quarter over quarter and 16% year over year. For guidance, management reaffirmed loan, deposit, expense, capital, and tax targets, and said NIM should move back toward first-quarter levels in Q3 with stronger NII in the second half.

Samvir S. Sidhu framed the quarter as evidence that the bank’s core strategy is working across lending, deposits, payments, and technology. He emphasized AI as a central strategic priority, saying the bank wants to become the nation’s leading AI-native regional bank and that its in-house tools have already improved underwriting speed, onboarding, compliance, and productivity. His tone was upbeat and aggressive, with repeated references to record results, strong pipelines, and 2027 as the point when AI and cubiX should become even more material.

Mark R. McCollom focused on the financial inflection point in Q2 and the strength of the balance sheet. He noted EPS of $2.05, NII of over $193 million, NIM of 3.17%, noninterest expense of $114.9 million including about $1 million of severance, CET1 of 12.8%, and TCE to TA of 8.3%; credit remained stable with charge-offs at 18 bps and reserve coverage at 293%. He said OE2 reached its $30 million annual run-rate target, and that the second quarter should mark the low point for NIM in 2026, with better NIM and NII expected in the back half of the year.

Analysts focused on the timing and durability of deposit, loan, and cubiX growth, plus whether AI has started to generate measurable expense savings. Management said the real-estate payments vertical is a 2027 goal, that lower trading activity in digital assets reduced payments float, and that total cubiX balances were roughly flat as real-estate balances offset declines. On AI savings, Sidhu said the tools are still early and proprietary, but the goal is to decouple expense growth from revenue growth by 2027; on loans and NII, McCollom said the June exit point and strong pipelines support a stronger third half and that the higher end of the loan-growth range now looks more likely.