Customers Bancorp Q2 net income rises 28%, reaffirms 2026 guidance

Customers Bancorp

23/07/2026 21:46

    

    Overview
  
US commercial bank's Q2 net income and core EPS rose year-over-year
Total loans and deposits reached record levels in Q2
Company repurchased 92,804 shares during the quarter

    

    Outlook
  
Customers Bancorp reaffirms full-year 2026 guidance across all metrics
Company expects net interest margin to rebound in Q3 2026 and expand further in Q4
Customers Bancorp expects continued above-industry-average loan and deposit growth in 2026

    

    Result Drivers
  
AI AND AUTOMATION - Co said AI and automation initiatives drove improvements in productivity, revenue, and risk management, including faster loan closings and higher prospecting success rates
LOAN AND DEPOSIT GROWTH - Loan and deposit portfolios grew, with contributions from multiple verticals and strong gains in non-interest bearing deposits
HIGHER NET INTEREST INCOME - Net interest income rose, mainly due to higher interest income from C&I specialized lending, partly offset by increased interest expense from deposit mix and borrowings

    
Company press release: ID:nBw7mcHyda

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Core EPS
 
$2.05
 
Q2 Net Income
 
$71.56 mln
 
Q2 Net Interest Income
 
$193.40 mln
 
Q2 CET1 Capital Ratio
 
12.8%
 
Q2 Core ROCE
 
13.20%
 
Q2 Credit Loss Provision
 
$23 mln
 
Q2 ROCE
 
13.22%
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for Customers Bancorp Inc is $93.00, about 21.6% above its July 22 closing price of $76.49
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

    

    Reuters Recommended Reads
  
July 21 - Webster Financial Q2 revenue beats estimates on loan, deposit growth
July 23 - Bankwell Financial beats Q2 revenue estimates, raises 2026 net interest income guidance
July 21 - Capital One second-quarter profit rises on higher interest income

    
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)