Customers Bancorp Reports 28.1% Increase in Net Income for Q2 2026

Customers Bancorp, Inc. reported significant financial growth in its latest quarterly filing, with net income available to common shareholders reaching $71.6 million for the three months ended June 30, 2026, a 28.1% increase from $55.8 million in the same period last year. For the six months ended June 30, 2026, net income surged to $141.2 million, up 116% from $65.4 million in the prior year. The company attributed this growth primarily to an increase in net interest income, which rose by $16.7 million to $193.4 million for the quarter, driven by higher average loan balances and a favorable shift in the deposit mix.

Total assets for Customers Bancorp increased by $1.6 billion, or 6.5%, to $26.5 billion as of June 30, 2026, compared to $24.9 billion at the end of 2025. This growth was largely fueled by a $1.2 billion increase in loans and leases receivable, which reached $16.2 billion, and a $689 million rise in investment securities at fair value. Total liabilities also rose by $1.5 billion to $24.3 billion, primarily due to a $954 million increase in total deposits, which amounted to $21.7 billion.

In terms of operational metrics, Customers Bancorp's allowance for credit losses (ACL) on loans and leases increased to $164.1 million, representing 1.01% of total loans and leases receivable. The provision for credit losses for the quarter was $23.1 million, reflecting a 11% increase from the previous year. The company reported net charge-offs of $14.6 million for the quarter, slightly higher than the $13.1 million recorded in the same period last year. The increase in the ACL was attributed to higher loan balances and adjustments based on macroeconomic forecasts.

Strategically, Customers Bancorp has been focusing on expanding its commercial lending activities, with commercial loans comprising approximately 91.5% of its total loan and lease portfolio. The company has also initiated a new share repurchase program, authorizing up to $100 million in stock buybacks, which reflects its commitment to returning value to shareholders. As of June 30, 2026, the company had repurchased 92,804 shares under this program.

Looking ahead, Customers Bancorp remains cautious amid ongoing economic uncertainties, including inflation and geopolitical tensions. The company is actively managing its liquidity, with approximately $11.1 billion in available liquidity, which includes cash on hand and borrowing capacity from the Federal Home Loan Bank (FHLB) and the Federal Reserve Bank (FRB). The management is focused on maintaining strong capital ratios and adapting its strategies to navigate the evolving economic landscape.