Customers Bancorp Q2 net income surges 486% from Q1

Customers Bancorp

24/07/2025 22:14

Overview

Customers Bancorp Q2 net income rises 486.4% from previous quarter

Net interest margin improves due to higher interest income from loan growth

Outlook

Company aims to strengthen deposit franchise and improve profitability

Customers Bancorp sees strong liquidity position with $8.6 bln available

Company has minimal exposure to high-risk commercial real estate office sector

Customers Bancorp plans to continue growing franchise value

Result Drivers

LOAN GROWTH - Strong commercial loan growth, particularly in specialized lending and mortgage finance, drove higher interest income, improving net interest margin

DEPOSIT STRATEGY - Increase in commercial deposit accounts and reduction in cost of deposits contributed to franchise value and profitability

ASSET QUALITY - Maintained strong asset quality with a low non-performing asset ratio and robust credit loss reserves

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Core EPS
$1.8
Q2 Net Income
$55.85 mln
Q2 CET1 Capital Ratio
12.0%
Q2 Core ROCE
13.3%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "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 $70.00, about 10.6% above its July 23 closing price of $62.55

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBwRjjdTa

(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.)