Customers Bancorp (CUBI) investor relations material

Executive summary

• Achieved record deposits of $21.7 billion and loans of $18.0 billion in Q2 2026, with net income available to common shareholders of $71.6 million and diluted EPS of $2.05, driven by strong organic growth, diversified business verticals, and AI-driven operational improvements.

• Total assets reached $26.5 billion, up 6.5% since year-end 2025, with robust capital and liquidity positions and regulatory ratios well above minimum requirements.

• Continued focus on operational efficiency, AI transformation, and risk management excellence, with significant productivity gains and workflow automation.

Financial highlights

• Net interest income was $193.4 million, up 9.4% year-over-year, with net interest margin at 3.17% for Q2 2026.

• Non-interest income increased 15% year-over-year to $34.0 million, mainly from higher commercial lease income and gains on loan sales.

• Non-interest expense was $114.9 million, with a core efficiency ratio improvement to 50.55% and core non-interest expense as percent of average assets at 1.82%.

• Tangible book value per share rose to $65.31, up 16% year-over-year.

• ROE/ROCE and ROA/ROAA were 13.2% and 1.13%, respectively.

Outlook and guidance

• Full-year 2026 guidance reaffirmed, projecting 8-12% growth in deposits and loans, NII between $800M and $830M, and non-interest expense between $440M and $460M.

• CET1 ratio guidance of 11.5-12.5% and tax rate of 23-25%.

• Expect NIM and NII to strengthen in the second half of 2026, with continued focus on AI deployment, payments expansion, and strong risk management.