Exhibit 99.1
customersbancorp_logoxprima.jpg
Customers Bancorp, Inc. (NYSE:CUBI)
701 Reading Avenue
West Reading, PA 19611

Contacts:
Laura Vele, Chief Marketing Officer 646-315-2017
Customers Bancorp Reports Results for First Quarter 2026
First Quarter 2026 Highlights
•Q1 2026 net income available to common shareholders was $69.7 million, or $1.97 per diluted share; ROAA was 1.13% and ROCE was 13.16%.
•Q1 2026 core earnings*1 were $69.4 million, or $1.97 per diluted share; Core ROAA* was 1.13% and Core ROCE* was 13.12%.
•Total deposits increased $813.9 million, or 3.9% in Q1 2026 from Q4 2025, and $2.7 billion, or 14.0% from Q1 2025.
•Total loans increased $609.0 million, or 3.6%, in Q1 2026 from Q4 2025, and $2.3 billion, or 15.2% from Q1 2025.
•Non-interest bearing deposits increased $436.0 million in Q1 2026 compared to Q4 2025 to a period end record level of $6.7 billion, or 31.2% of total deposits.
•Q1 2026 efficiency ratio was 49.68% compared to Q1 2025 efficiency ratio of 52.94%, a decline of 326 basis points and Q1 2026 core efficiency ratio* was 49.68% compared to Q1 2025 core efficiency ratio* of 52.69%, a decline of 301 basis points.

















*Non-GAAP measure. Customers’ reasons for the use of the non-GAAP measure and a detailed reconciliation between the non-GAAP measure and the comparable GAAP amount are included at the end of this document.
1 Excludes pre-tax gains on investment securities of $0.3 million.
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CEO Commentary
West Reading, Pa, April 23, 2026 - “On January 1, 2026, I had the honor of succeeding Jay Sidhu as Chief Executive Officer of Customers Bancorp. This transition was the culmination of a deliberate, multiyear transition that our Board and leadership team planned carefully to ensure continuity for our clients, our team members and our shareholders,” said Customers Bancorp CEO Sam Sidhu.
“I am pleased to share our first quarter 2026 results that show the company’s continued execution of its strategic priorities and underscore our success in growing franchise value.”
“We got off to a strong start to the year in what is typically a slower quarter, as we continued to strategically grow our loan and deposit portfolios with momentum throughout the organization. Total loans and leases grew by 3.6% in Q1 2026 compared to Q4 2025, with contributions from multiple verticals allowing us to deliver above industry average growth rates without sacrificing on structure or credit quality.
Total deposits increased by 3.9% in Q1 2026 compared to Q4 2025, and we delivered over $230.0 million of non interest bearing deposit growth in Q1 2026 outside of the benefits of our digital asset channel clients. On a net basis, we had an increase of 1,167 commercial accounts, or a 5.0% increase in a single quarter, and the 2025 teams alone added 625 accounts in the quarter.
Our Q1 2026 GAAP earnings were $69.7 million, or $1.97 per diluted share, and core earnings* were $69.4 million, or $1.97 per diluted share. Asset quality remains strong with our NPA ratio at just 0.29% of total assets and reserve levels are robust at 337% of total non-performing loans at the end of Q1 2026. Our TCE / TA ratio* increased by 60 basis points from March 31, 2025 to 8.3% at March 31, 2026, while our balance sheet grew by 4.0% and we repurchased 621,668 shares of common stock at a weighted average price of $68.04 in the quarter.
In Q1 2026, we once again delivered exceptionally strong growth across key metrics of revenue, core earnings, and book value per share of 58%, 28%*, and 16%, respectively, when compared to Q1 2025” Sam Sidhu concluded.











*Non-GAAP measure. Customers’ reasons for the use of the non-GAAP measure and a detailed reconciliation between the non-GAAP measure and the comparable GAAP amount are included at the end of this document.
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Key Balance Sheet Trends
Loans and Leases Held for Investment
Loans and leases held for investment were $17.4 billion at March 31, 2026, up $615 million, or 3.7%, from December 31, 2025. C&I specialized lending increased by $308 million, or 4.3% quarter-over-quarter to $7.4 billion. Owner-occupied commercial real estate loans increased by $144 million, or 12.7% to $1.3 billion. Mortgage finance loans increased by $131 million, or 7.7% to $1.8 billion. Construction loans increased by $42 million, or 25.8% to $205 million. These increases were partially offset by a decrease in other C&I loans of $30 million, or 2.9% to $1.0 billion.
Loans and leases held for investment of $17.4 billion at March 31, 2026 were up $2.3 billion, or 15.3%, year-over-year. C&I specialized lending increased by $1.3 billion, or 21.9%, year-over-year. Mortgage finance loans increased by $354 million, or 23.9%. Non-owner occupied commercial real estate loans increased by $304 million, or 21.1%. Multifamily loans increased by $189 million, or 8.1%. Owner-occupied commercial real estate loans increased by $140 million, or 12.3%. These increases were partially offset by a decrease in other C&I loans of $59 million, or 5.6%.
Investment Securities
At March 31, 2026, total investment securities were $2.7 billion, a decrease of $10 million compared to December 31, 2025 and a decrease of $339 million compared to a year ago.
At March 31, 2026, the Available-For-Sale (“AFS”) debt securities portfolio had a spot yield of 5.43%, an effective duration of approximately 2.6 years, and approximately 28% are variable rate. Additionally, approximately 74% of the AFS securities portfolio was AAA rated at March 31, 2026.
At March 31, 2026, the Held-To-Maturity (“HTM”) debt securities portfolio represented only 2.6% of total assets, had a spot yield of 3.31% and an effective duration of approximately 3.9 years. Additionally, at March 31, 2026, approximately 63% of the HTM securities were AAA rated and $0.2 billion were credit enhanced asset backed securities with no current expectation of credit losses.
Deposits
Total deposits increased $814 million, or 3.9% to $21.6 billion at March 31, 2026 as compared to the prior quarter. The total average cost of deposits decreased by 8 basis points to 2.46% in Q1 2026 from 2.54% in the prior quarter. Total estimated uninsured deposits were $7.4 billion1, or 34% of total deposits at March 31, 2026 with immediately available liquidity covering approximately 151% of these deposits.
Total deposits increased $2.7 billion, or 14.0% to $21.6 billion at March 31, 2026 as compared to a year ago. The total average cost of deposits decreased by 36 basis points to 2.46% in Q1 2026 from 2.82% in Q1 2025.
Borrowings
Total borrowings increased $197 million, or 11.6% to $1.9 billion at March 31, 2026 as compared to the prior quarter. This increase primarily resulted from net draws of $240 million in FHLB advances and $70 million in federal funds purchased, partially offset by repayment of Customers Bank’s $110 million subordinated debt in Q1 2026. Total borrowings increased $487 million, or 34.4%, to $1.9 billion at March 31, 2026 as compared to a year ago primarily due to net draws of $430 million in FHLB advances and $70 million in federal funds purchased.
1 Uninsured deposits (estimate) of $9.3 billion to be reported on the Bank’s call report, less deposits of $1.6 billion collateralized by standby letters of credit from the FHLB and from our affiliates of $284 million.
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Capital
Customers Bancorp’s common equity increased $29 million to $2.1 billion, and tangible common equity* increased $29 million to $2.1 billion, at March 31, 2026 compared to the prior quarter, respectively, primarily from earnings of $70 million, offset in part by $43 million of common share repurchase. Customers Bancorp’s common equity increased $418 million to $2.1 billion, and tangible common equity* increased $418 million to $2.1 billion, at March 31, 2026 compared to a year ago, respectively, primarily from earnings of $281 million, the issuance of $163 million of common stock in September 2025 and a decrease in AOCI of $13 million (net of taxes), mostly from decreased unrealized losses on investment securities, offset in part by $43 million of common share repurchases. Book value per common share increased to $63.64 from $61.87 and $54.85, and tangible book value per common share* increased to $63.54 from $61.77 and $54.74, at March 31, 2026 from December 31, 2025 and March 31, 2025, respectively.
Credit Quality
The provision for credit losses in Q1 2026 was $23 million, compared to $22 million in Q4 2025 and $28 million in Q1 2025.
Net charge-offs were $13 million in Q1 2026, compared to $14 million in Q4 2025 and $17 million Q1 2025.
The allowance for credit losses on loans and leases was $161 million at March 31, 2026, compared to $156 million at December 31, 2025 and $141 million at March 31, 2025.
Non-performing loans at March 31, 2026 increased to 0.27% of total loans and leases, compared to 0.26% at December 31, 2025 and decreased, compared to 0.29% at March 31, 2025. Nonperforming loans include the guaranteed portion of SBA loans. As of March 31, 2026, nonperforming loans totaled $48 million, of which approximately $12 million represents the government-guaranteed portion. Excluding the government-guaranteed portion, nonperforming loans totaled approximately $36 million, representing 0.21% of total loans and leases.
Key Profitability Trends
Net Interest Income
Net interest income totaled $191.4 million in Q1 2026, a decrease of $13.1 million from Q4 2025. This decrease was driven by a decrease in interest income mainly from C&I loans and interest-earning deposits, partially offset by a decrease in interest expense primarily due to lower market interest rates.
“Net interest income and net interest margin were impacted as expected by the sunsetting of the discount accretion that benefitted Q3 and Q4 2025 as well as a lower day count in the quarter,” stated Customers Bancorp CFO Mark McCollom. “We continue to have positive drivers to net interest income on both sides of the balance sheet. We have a strong loan pipeline and the flywheel from our primarily deposit-focused commercial banking team recruitment strategy continued to gain momentum and our recruitment pipeline remains strong,” said Mark McCollom.
Net interest income totaled $191.4 million in Q1 2026, an increase of $23.9 million from Q1 2025. This increase was primarily due to higher interest income primarily due to higher average loan balances and lower interest expense from a favorable shift in deposit mix and lower market interest rates.
Non-Interest Income
Reported non-interest income totaled $34.3 million for Q1 2026, an increase of $1.8 million compared to $32.5 million for Q4 2025. The increase was primarily due to increases of $3.1 million in loan fees mainly from gains on certain stock warrants, $1.2 million in commercial lease income, $1.1 million in net gain on sale of loans and leases mainly from the sale of SBA loans and $0.9 million in bank-owned life insurance due to higher death benefits. These increases were partially offset by a decrease of $4.9 million in other non-interest income mainly due to a decrease in gain on sale of leased assets and loss on equity investments.
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Non-interest income totaled $34.3 million for Q1 2026, an increase of $58.8 million compared to Q1 2025. The increase was primarily due to $51.3 million of impairment loss on certain AFS debt securities that the Bank decided to sell as of March 31, 2025 and increases in commercial lease income of $4.8 million, $3.3 million in loan fees mainly from gains on certain stock warrants and $1.0 million in net gain on sale of loans and leases mainly from the sale of SBA loans, partially offset by a decrease of $1.6 million in bank-owned life insurance income mainly due to lower death benefits received from insurance carriers.
Non-Interest Expense
Non-interest expenses totaled $112.0 million in Q1 2026, a decrease of $5.3 million compared to Q4 2025. The decrease was primarily attributable to decreases within other non-interest expense of $2.2 million in insurance expenses related to investments in tax credit structures with a corresponding benefit to income tax expense in Q4 2025, $1.7 million in provision for credit losses on unfunded lending commitments and $0.8 million in FDIC assessments, partially offset by an increase of $1.0 million in commercial lease depreciation associated with the Bank’s continued growth.
“In Q4 2025, we had a total of $4.8 million of expense that was unique to the quarter and taking this impact into account, expenses were down modestly quarter over quarter even as we continue to invest in our future. We successfully achieved our initial operational excellence goal of $20 million in annual run rate revenue enhancements and expense savings providing capacity for further investment in the franchise. Importantly we are driving significant positive operating leverage with core revenue* growth of 16% and core expense* growth of only 9% in Q1 2026 compared to Q1 2025. This drove an over 300 basis point decline in our core efficiency ratio* over that same time period,” stated Mark McCollom.
Non-interest expenses totaled $112.0 million in Q1 2026, an increase of $9.2 million compared to Q1 2025. The increase was primarily attributable to increases of $8.6 million in salaries and employee benefits and $4.2 million in commercial lease depreciation associated with the Bank’s continued growth. These increases were partially offset by a decrease of $3.5 million in FDIC assessments.
Taxes
Income tax expense decreased by $2.2 million to a provision of $20.7 million in Q1 2026 from $22.8 million in Q4 2025 primarily due to lower pre-tax income and an increase in discrete tax benefits including benefits associated with stock-based compensation and adjustments related to prior tax positions, and increased by $21.7 million from a benefit to provision of $1.0 million in Q1 2025 primarily due to higher pre-tax income and lower investment tax credits. The effective tax rate was 22.9% for Q1 2026.
Outlook
“We were very pleased with the start to 2026 and remain focused on executing in those areas which differentiate us from our peers. We believe that truly exceptional service, sophisticated product offerings, recruitment of top talent, exceptional payment capabilities, and a single point of contact service model will deliver sustainable long-term growth.
There are four priorities that will command our attention and investment in 2026. First, we are targeting to increase our utilization of AI and automation technologies to transform our organization by providing enhanced client experiences and organizational productivity. Second, we will seek to deepen and broaden our payments capabilities by widening the industries and use cases we serve and by strengthening relationships with existing clients through expanded product offerings. Third, we will look to continue to deliver above industry average loan and deposit portfolio growth and build upon our successful team recruitment strategy. And fourth, we will seek to do this while operating with a high standard of regulatory and risk management excellence and maintaining a strong capital base, liquidity, and credit quality.
We believe we are incredibly well positioned to continue to achieve these goals and deliver excellent client service and strong financial performance in 2026 and beyond,” concluded Sam Sidhu.
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Webcast
Date:            Friday, April 24, 2026        
Time:            9:00 AM EDT
The live audio webcast, presentation slides, and earnings press release will be made available at https://www.customersbank.com and at the Customers Bancorp 1st Quarter Earnings Webcast.
You may submit questions in advance of the live webcast by emailing our Chief Marketing Officer, Laura Vele at lvele@customersbank.com.
The webcast will be archived for viewing on the Customers Bank Investor Relations page and available beginning approximately two hours after the conclusion of the live event.
Institutional Background
Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation’s top-performing banking companies with nearly $26 billion in assets making it one of the 80 largest bank holding companies in the U.S. Customers Bank’s commercial and consumer clients benefit from a full suite of technology-enabled tailored product experiences delivered by best-in-class customer service distinguished by a Single Point of Contact approach. In addition to traditional lines such as C&I, commercial real estate, and residential and personal lending, Customers Bank also provides a number of national corporate banking services to clients in businesses including: fund finance, venture banking, healthcare, mortgage finance, and equipment finance. Major accolades include:
•Named a Top 10 Performing Bank by American Banker for five consecutive years (2021-2025), including the #1 spot in 2024 among midsize banks ($10B to $50B in assets)
•No. 72 out of the 100 largest publicly traded banks in 2025 Forbes Best Banks list
•Net Promoter Score of 81 compared to industry average of 41
A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender. Learn more: www.customersbank.com.
“Safe Harbor” Statement
In addition to historical information, this press release may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements with respect to Customers Bancorp, Inc.’s strategies, goals, beliefs, expectations, estimates, intentions, capital raising efforts, financial condition and results of operations, future performance and business. Statements preceded by, followed by, or that include the words “may,” “could,” “should,” “pro forma,” “looking forward,” “would,” “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “project,” or similar expressions generally indicate a forward-looking statement. These forward-looking statements involve risks and uncertainties that are subject to change based on various important factors (some of which, in whole or in part, are beyond Customers Bancorp, Inc.’s control). Numerous competitive, economic, regulatory, legal and technological events and factors, among others, could cause Customers Bancorp, Inc.’s financial performance to differ materially from the goals, plans, objectives, intentions and expectations expressed in such forward-looking statements, including: a continuation of the recent turmoil in the banking industry, responsive measures taken by us and regulatory authorities to mitigate and manage related risks, regulatory actions taken that address related issues and the costs and obligations associated therewith, such as the FDIC special assessments; the potential for negative consequences resulting from regulatory violations, investigations and examinations, including potential supervisory actions, the assessment of fines and penalties, the imposition of sanctions, the need to undertake remedial actions and possible damage to our reputation; effects of competition on deposit rates and growth, loan rates and growth and net interest margin; failure to identify and adequately and promptly address cybersecurity risks, including data breaches and cyberattacks; public health crises and pandemics and their effects on the economic and business environments in which we operate; geopolitical conditions, including acts or threats of terrorism, actions taken by the United States or other governments in response to acts or
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threats of terrorism and military conflicts, including the war between Russia and Ukraine and ongoing conflict in the Middle East, which could impact economic conditions in the United States; the impact that changes in the economy have on the performance of our loan and lease portfolio, the market value of our investment securities, the demand for our products and services and the availability of sources of funding; the effects of actions by the federal government, including the Board of Governors of the Federal Reserve System and other government agencies, that affect market interest rates and the money supply; actions that we and our customers take in response to these developments and the effects such actions have on our operations, products, services and customer relationships; higher inflation and its impacts; the effects of changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs on its trading partners; and the effects of any changes in accounting standards or policies. Customers Bancorp, Inc. cautions that the foregoing factors are not exclusive, and neither such factors nor any such forward-looking statement takes into account the impact of any future events. All forward-looking statements and information set forth herein are based on management’s current beliefs and assumptions as of the date hereof and speak only as of the date they are made. For a more complete discussion of the assumptions, risks and uncertainties related to our business, you are encouraged to review Customers Bancorp, Inc.’s filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K for the year ended December 31, 2025, subsequently filed quarterly reports on Form 10-Q and current reports on Form 8-K, including any amendments thereto, that update or provide information in addition to the information included in the Form 10-K and Form 10-Q filings, if any. Customers Bancorp, Inc. does not undertake to update any forward-looking statement whether written or oral, that may be made from time to time by Customers Bancorp, Inc. or by or on behalf of Customers Bank, except as may be required under applicable law.
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CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
FINANCIAL HIGHLIGHTS - UNAUDITED
(Dollars in thousands, except per share data)
Q1Q4Q3Q2Q1
20262025202520252025
GAAP Profitability Metrics:
Net income available to common shareholders
$69,653 $70,088 $73,726 $55,846 $9,523 
Per share amounts:
Earnings per share - diluted$1.97 $1.98 $2.20 $1.73 $0.29 
Book value per common share
$63.64 $61.87 $59.83 $56.36 $54.85 
Return on average assets (“ROAA”)
1.13 %1.20 %1.26 %1.09 %0.23 %
Return on average common equity (“ROCE”)
13.16 %13.28 %15.57 %12.79 %2.23 %
Net interest margin, tax equivalent 3.22 %3.40 %3.46 %3.27 %3.13 %
Efficiency ratio49.68 %49.52 %45.39 %51.23 %52.94 %
Non-GAAP Profitability Metrics (1):
Core earnings$69,445 $72,851 $73,473 $58,147 $50,002 
Per share amounts:
Core earnings per share - diluted$1.97 $2.06 $2.20 $1.80 $1.54 
Tangible book value per common share
$63.54 $61.77 $59.72 $56.24 $54.74 
Core ROAA1.13 %1.19 %1.25 %1.10 %0.97 %
Core ROCE13.12 %13.81 %15.52 %13.32 %11.72 %
Core efficiency ratio49.68 %49.52 %45.40 %51.56 %52.69 %
Balance Sheet Trends:
Total assets
$25,880,767 $24,895,868 $24,260,163 $22,550,800 $22,423,044 
Total cash and investment securities
$7,454,901 $7,078,243 $6,997,783 $6,234,043 $6,424,406 
Total loans and leases
$17,391,546 $16,782,516 $16,303,147 $15,412,400 $15,097,968 
Non-interest bearing demand deposits
$6,739,713 $6,303,748 $6,380,879 $5,481,065 $5,552,605 
Total deposits
$21,592,645 $20,778,704 $20,405,023 $18,976,018 $18,932,925 
Asset Quality:
Net charge-offs $13,255 $13,749 $15,371 $13,115 $17,144 
Annualized net charge-offs to average total loans and leases0.32 %0.33 %0.39 %0.35 %0.48 %
Nonaccrual / non-performing loans (“NPLs”)
$47,818 $43,688 $28,421 $28,443 $43,513 
NPLs to total loans and leases
0.27 %0.26 %0.17 %0.18 %0.29 %
Reserves to NPLs
336.61 %356.29 %534.14 %518.29 %324.22 %
Non-performing assets (“NPAs”)
$74,737 $72,344 $61,057 $60,778 $57,960 
NPAs to total assets
0.29 %0.29 %0.25 %0.27 %0.26 %
Capital Metrics:
Common equity to total assets
8.3 %8.5 %8.4 %7.9 %7.7 %
Tangible common equity to tangible assets (1)
8.3 %8.5 %8.4 %7.9 %7.7 %
Common equity Tier 1 capital ratio (2)
12.8 %12.99 %13.00 %12.05 %11.72 %
Total risk based capital ratio (2)
14.8 %15.39 %15.35 %14.49 %14.61 %
Customers Bank Capital Ratios (2):
Common equity Tier 1 capital to risk-weighted assets13.7 %13.25 %13.22 %13.00 %12.40 %
Total capital to risk-weighted assets 14.7 %14.62 %14.60 %14.43 %13.92 %
Tier 1 capital to average assets (leverage ratio) 9.4 %8.90 %8.84 %8.86 %8.43 %
Share amounts:
Average shares outstanding - basic34,080,834 34,170,777 32,340,813 31,585,390 31,447,623 
Average shares outstanding - diluted35,313,835 35,396,324 33,460,055 32,374,061 32,490,572 
Shares outstanding
33,692,632 34,191,223 34,163,506 31,606,934 31,479,132 
(1) Customers’ reasons for the use of these non-GAAP measures and a detailed reconciliation between the non-GAAP measures and the comparable GAAP amounts are included at the end of this document.
(2) Regulatory capital ratios are estimated for Q1 2026 and actual for the remaining periods.

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CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED
(Dollars in thousands, except per share data)
Q1Q4Q3Q2Q1
20262025202520252025
Interest income:
Loans and leases$258,734 $274,752 $272,131 $246,869 $231,008 
Investment securities32,141 31,979 36,091 37,381 34,339 
Interest earning deposits41,830 44,862 49,639 39,972 42,914 
Loans held for sale1,235 1,432 1,589 1,806 4,761 
Other2,372 2,173 2,029 1,973 1,887 
Total interest income336,312 355,198 361,479 328,001 314,909 
Interest expense:
Deposits126,126 131,797 141,983 134,045 131,308 
FHLB advances12,935 14,490 12,945 12,717 11,801 
Subordinated debt4,621 3,355 3,251 3,229 3,212 
Federal funds purchased13 — — — — 
Other borrowings1,266 1,128 1,388 1,307 1,142 
Total interest expense144,961 150,770 159,567 151,298 147,463 
Net interest income191,351 204,428 201,912 176,703 167,446 
Provision for credit losses23,372 22,337 26,543 20,781 28,297 
Net interest income after provision for credit losses167,979 182,091 175,369 155,922 139,149 
Non-interest income:
Commercial lease income15,418 14,186 11,536 11,056 10,668 
Loan fees10,506 7,420 11,443 9,106 7,235 
Bank-owned life insurance 3,084 2,189 2,165 2,249 4,660 
Mortgage finance transactional fees1,306 1,339 1,298 1,175 933 
Net gain (loss) on sale of loans and leases1,044 (62)— — 2 
Net gain (loss) on sale of investment securities355 (27)186 (1,797)— 
Impairment loss on debt securities— — — — (51,319)
Other2,603 7,471 3,563 7,817 3,331 
Total non-interest income (loss)34,316 32,516 30,191 29,606 (24,490)
Non-interest expense:
Salaries and employee benefits51,294 51,744 48,723 45,848 42,674 
Technology, communication and bank operations11,643 11,388 10,415 10,382 11,312 
Commercial lease depreciation12,692 11,668 9,463 8,743 8,463 
Professional services11,695 12,390 12,281 13,850 11,857 
Loan servicing3,859 4,050 4,167 4,053 4,630 
Occupancy3,956 4,291 4,370 3,551 3,412 
FDIC assessments, non-income taxes and regulatory fees8,215 9,023 8,505 11,906 11,750 
Advertising and promotion554 812 636 461 528 
Other8,080 11,943 6,657 7,832 8,145 
Total non-interest expense111,988 117,309 105,217 106,626 102,771 
Income before income tax expense (benefit)90,307 97,298 100,343 78,902 11,888 
Income tax expense (benefit)20,654 22,806 24,598 17,963 (1,024)
Net income69,653 74,492 75,745 60,939 12,912 
Preferred stock dividends— 1,605 2,019 3,185 3,389 
Loss on redemption of preferred stock— 2,799 — 1,908 — 
Net income available to common shareholders$69,653 $70,088 $73,726 $55,846 $9,523 
Basic earnings per common share$2.04 $2.05 $2.28 $1.77 $0.30 
Diluted earnings per common share 1.97 1.98 2.20 1.73 0.29 
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CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET - UNAUDITED
(Dollars in thousands)
March 31,December 31,September 30,June 30,March 31,
20262025202520252025
ASSETS
Cash and due from banks$89,153 $62,051 $57,951 $72,986 $62,146 
Interest earning deposits4,709,051 4,349,412 4,127,688 3,430,525 3,366,544 
Cash and cash equivalents4,798,204 4,411,463 4,185,639 3,503,511 3,428,690 
Investment securities, at fair value1,993,152 1,937,646 2,010,820 1,877,406 2,057,555 
Investment securities held to maturity663,545 729,134 801,324 853,126 938,161 
Loans held for sale20,282 26,102 30,897 32,963 37,529 
Loans and leases receivable15,519,493 15,041,340 14,673,636 13,719,829 13,555,820 
Loans receivable, mortgage finance, at fair value1,758,685 1,612,997 1,486,978 1,536,254 1,366,460 
Loans receivable, installment, at fair value93,086 102,077 111,636 123,354 138,159 
Allowance for credit losses on loans and leases(160,962)(155,656)(151,809)(147,418)(141,076)
Total loans and leases receivable, net of allowance for credit losses on loans and leases17,210,302 16,600,758 16,120,441 15,232,019 14,919,363 
FHLB, Federal Reserve Bank, and other restricted stock117,880 110,411 103,290 100,590 96,758 
Accrued interest receivable105,002 103,626 106,379 101,481 105,800 
Bank premises and equipment, net15,749 16,745 15,340 5,978 6,653 
Bank-owned life insurance306,927 305,503 303,212 300,747 298,551 
Other real estate owned12,506 12,432 12,432 12,306 — 
Goodwill and other intangibles3,629 3,629 3,629 3,629 3,629 
Other assets633,589 638,419 566,760 527,044 530,355 
Total assets$25,880,767 $24,895,868 $24,260,163 $22,550,800 $22,423,044 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Demand, non-interest bearing deposits$6,739,713 $6,303,748 $6,380,879 $5,481,065 $5,552,605 
Interest bearing deposits14,852,932 14,474,956 14,024,144 13,494,953 13,380,320 
Total deposits21,592,645 20,778,704 20,405,023 18,976,018 18,932,925 
Federal funds purchased70,000 — — — — 
FHLB advances1,561,655 1,325,068 1,195,437 1,195,377 1,133,456 
Other borrowings99,243 99,208 99,173 99,138 99,103 
Subordinated debt171,614 281,147 182,718 182,649 182,579 
Accrued interest payable and other liabilities241,310 296,224 251,753 234,060 210,421 
Total liabilities23,736,467 22,780,351 22,134,104 20,687,242 20,558,484 
Preferred stock— — 82,201 82,201 137,794 
Common stock36,312 36,189 36,161 36,123 35,995 
Additional paid in capital669,112 666,756 662,252 572,473 570,172 
Retained earnings1,604,847 1,535,194 1,465,106 1,391,380 1,335,534 
Accumulated other comprehensive income (loss), net(54,657)(54,050)(51,089)(71,325)(67,641)
Treasury stock, at cost(111,314)(68,572)(68,572)(147,294)(147,294)
Total shareholders’ equity2,144,300 2,115,517 2,126,059 1,863,558 1,864,560 
Total liabilities and shareholders’ equity$25,880,767 $24,895,868 $24,260,163 $22,550,800 $22,423,044 

10

CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
AVERAGE BALANCE SHEET / NET INTEREST MARGIN - UNAUDITED
(Dollars in thousands)
Three Months Ended
March 31, 2026December 31, 2025March 31, 2025
Average BalanceInterest Income or Expense
Average Yield or Cost (%)
Average BalanceInterest Income or ExpenseAverage Yield or Cost (%)Average BalanceInterest Income or ExpenseAverage Yield or Cost (%)
Assets
Interest earning deposits $4,492,897 $41,830 3.78%$4,421,242 $44,862 4.03%$3,857,617 $42,914 4.51%
Investment securities (1)
2,735,786 32,141 4.70%2,849,764 31,979 4.45%3,100,429 34,339 4.49%
Loans and leases:
Commercial & industrial:
Specialized lending loans and leases (2)
7,863,238 132,861 6.85%7,775,247 139,552 7.12%6,474,034 120,951 7.58%
Other commercial & industrial loans (2)
1,450,962 24,202 6.76%1,477,351 32,320 8.68%1,542,846 23,933 6.29%
Mortgage finance loans1,513,914 16,250 4.35%1,536,265 17,862 4.61%1,252,602 14,752 4.78%
Multifamily loans2,494,849 28,249 4.59%2,445,945 27,990 4.54%2,273,893 23,664 4.22%
Non-owner occupied commercial real estate loans1,907,541 27,711 5.89%1,784,838 26,635 5.92%1,550,372 21,564 5.64%
Residential mortgages524,282 6,240 4.77%541,091 6,392 4.69%530,613 6,228 4.76%
Installment loans912,090 24,456 10.87%945,697 25,433 10.67%938,193 24,677 10.67%
Total loans and leases (3)
16,666,876 259,969 6.32%16,506,434 276,184 6.64%14,562,553 235,769 6.57%
Other interest-earning assets156,894 2,372 6.13%153,480 2,173 5.62%127,793 1,887 5.99%
Total interest-earning assets24,052,453 336,312 5.66%23,930,920 355,198 5.89%21,648,392 314,909 5.89%
Non-interest-earning assets868,524 790,453 666,571 
Total assets $24,920,977 $24,721,373 $22,314,963 
Liabilities
Interest checking accounts$4,993,616 $40,023 3.25%$4,889,245 $42,168 3.42%$5,358,206 $49,903 3.78%
Money market deposit accounts4,364,149 36,640 3.40%4,421,276 40,387 3.62%3,882,855 37,767 3.94%
Other savings accounts1,579,730 13,580 3.49%1,562,768 14,384 3.65%1,151,439 10,691 3.77%
Certificates of deposit3,456,664 35,883 4.21%3,152,637 34,858 4.39%2,749,720 32,947 4.86%
Total interest-bearing deposits (4)
14,394,159 126,126 3.55%14,025,926 131,797 3.73%13,142,220 131,308 4.05%
Federal funds purchased1,367 13 3.73%— — —%— — —%
Borrowings1,712,498 18,822 4.46%1,666,006 18,973 4.52%1,346,941 16,155 4.86%
Total interest-bearing liabilities16,108,024 144,961 3.65%15,691,932 150,770 3.81%14,489,161 147,463 4.13%
Non-interest-bearing deposits (4)
6,393,947 6,599,095 5,710,644 
Total deposits and borrowings22,501,971 2.61%22,291,027 2.68%20,199,805 2.96%
Other non-interest-bearing liabilities272,488 269,824 246,455 
Total liabilities 22,774,459 22,560,851 20,446,260 
Shareholders’ equity2,146,518 2,160,522 1,868,703 
Total liabilities and shareholders’ equity$24,920,977 $24,721,373 $22,314,963 
Net interest income191,351 204,428 167,446 
Tax-equivalent adjustment257 348 363 
Net interest earnings$191,608 $204,776 $167,809 
Interest spread3.05%3.21%2.93%
Net interest margin3.22%3.39%3.13%
Net interest margin tax equivalent (5)
3.22%3.40%3.13%
(1) For presentation in this table, average balances and the corresponding average yields for investment securities are based upon historical cost, adjusted for amortization of premiums and accretion of discounts.
(2) Includes owner occupied commercial real estate loans.
(3) Includes non-accrual loans, the effect of which is to reduce the yield earned on loans and leases, and deferred loan fees.
(4) Total costs of deposits (including interest bearing and non-interest bearing) were 2.46%, 2.54% and 2.82% for the three months ended March 31, 2026, December 31, 2025 and March 31, 2025, respectively.
(5) Tax-equivalent basis, using an estimated marginal tax rate of 21% for the three months ended March 31, 2026, and 26% for the three months ended December 31, 2025 and March 31, 2025, presented to approximate interest income as a taxable asset.
11

CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
PERIOD END LOAN AND LEASE COMPOSITION - UNAUDITED
(Dollars in thousands)
March 31,December 31,September 30,June 30,March 31,
20262025202520252025
Loans and leases held for investment
Commercial:
Commercial & industrial:
Specialized lending$7,398,205 $7,090,087 $7,083,620 $6,454,661 $6,070,093 
Other commercial & industrial
1,003,750 1,033,704 1,056,173 1,037,684 1,062,933 
Mortgage finance
1,831,408 1,700,380 1,577,038 1,625,764 1,477,896 
Multifamily2,510,697 2,490,336 2,356,590 2,247,282 2,322,123 
Commercial real estate owner occupied1,279,501 1,135,119 1,058,741 1,065,006 1,139,126 
Commercial real estate non-owner occupied1,742,989 1,738,821 1,582,332 1,497,385 1,438,906 
Construction204,999 162,966 123,290 98,626 154,647 
Total commercial loans and leases15,971,549 15,351,413 14,837,784 14,026,408 13,665,724 
Consumer:
Residential495,458 497,567 514,544 520,570 496,772 
Manufactured housing26,065 27,452 28,749 30,287 31,775 
Installment:
Personal599,302 581,340 570,768 457,728 493,276 
Other278,890 298,642 320,405 344,444 372,892 
Total installment loans878,192 879,982 891,173 802,172 866,168 
Total consumer loans1,399,715 1,405,001 1,434,466 1,353,029 1,394,715 
Total loans and leases held for investment$17,371,264 $16,756,414 $16,272,250 $15,379,437 $15,060,439 
Loans held for sale
Commercial:
Commercial real estate non-owner occupied$— $— $4,700 $— $— 
Total commercial loans and leases— — 4,700 — — 
Consumer:
Residential1,767 1,851 2,229 5,180 1,465 
Installment:
Personal17,056 23,357 23,728 27,682 36,000 
Other1,459 894 240 101 64 
Total installment loans18,515 24,251 23,968 27,783 36,064 
Total consumer loans20,282 26,102 26,197 32,963 37,529 
Total loans held for sale$20,282 $26,102 $30,897 $32,963 $37,529 
Total loans and leases portfolio$17,391,546 $16,782,516 $16,303,147 $15,412,400 $15,097,968 

CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
PERIOD END DEPOSIT COMPOSITION - UNAUDITED
(Dollars in thousands)
March 31,December 31,September 30,June 30,March 31,
20262025202520252025
Demand, non-interest bearing$6,739,713 $6,303,748 $6,380,879 $5,481,065 $5,552,605 
Demand, interest bearing5,085,040 5,049,151 5,050,437 4,912,839 5,137,961 
Total demand deposits11,824,753 11,352,899 11,431,316 10,393,904 10,690,566 
Savings1,742,652 1,731,010 1,554,533 1,375,072 1,327,854 
Money market4,604,981 4,398,827 4,339,371 4,206,516 4,057,458 
Time deposits3,420,259 3,295,968 3,079,803 3,000,526 2,857,047 
Total deposits$21,592,645 $20,778,704 $20,405,023 $18,976,018 $18,932,925 

12


CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
ASSET QUALITY - UNAUDITED
(Dollars in thousands)
As of March 31, 2026As of December 31, 2025As of March 31, 2025
Loan typeTotal loansAllowance for credit lossesTotal reserves to total loansTotal loansAllowance for credit lossesTotal reserves to total loansTotal loansAllowance for credit lossesTotal reserves to total loans
Commercial:
Commercial & industrial, including specialized lending
$8,474,678 $41,214 0.49 %$8,211,174 $37,683 0.46 %$7,244,462 $30,584 0.42 %
Multifamily2,510,697 19,441 0.77 %2,490,336 19,333 0.78 %2,322,123 18,790 0.81 %
Commercial real estate owner occupied1,279,501 10,556 0.83 %1,135,119 10,431 0.92 %1,139,126 10,780 0.95 %
Commercial real estate non-owner occupied1,742,989 18,470 1.06 %1,738,821 18,928 1.09 %1,438,906 18,058 1.25 %
Construction204,999 2,672 1.30 %162,966 2,225 1.37 %154,647 1,264 0.82 %
Total commercial loans and leases receivable14,212,864 92,353 0.65 %13,738,416 88,600 0.64 %12,299,264 79,476 0.65 %
Consumer:
Residential495,458 5,713 1.15 %497,567 6,499 1.31 %496,772 6,163 1.24 %
Manufactured housing26,065 3,338 12.81 %27,452 3,391 12.35 %31,775 3,800 11.96 %
Installment785,106 59,558 7.59 %777,905 57,166 7.35 %728,009 51,637 7.09 %
Total consumer loans receivable1,306,629 68,609 5.25 %1,302,924 67,056 5.15 %1,256,556 61,600 4.90 %
Loans and leases receivable held for investment
15,519,493 160,962 1.04 %15,041,340 155,656 1.03 %13,555,820 141,076 1.04 %
Loans receivable, mortgage finance, at fair value1,758,685 — — %1,612,997 — — %1,366,460 — — %
Loans receivable, installment, at fair value93,086 — — %102,077 — — %138,159 — — %
Loans held for sale20,282 — — %26,102 — — %37,529 — — %
Total loans and leases portfolio$17,391,546 $160,962 0.93 %$16,782,516 $155,656 0.93 %$15,097,968 $141,076 0.93 %
13


CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
ASSET QUALITY - UNAUDITED (CONTINUED)
(Dollars in thousands)
As of March 31, 2026As of December 31, 2025As of March 31, 2025
Loan typeNon accrual /NPLsTotal NPLs to total loansTotal reserves to total NPLsNon accrual /NPLsTotal NPLs to total loansTotal reserves to total NPLsNon accrual /NPLsTotal NPLs to total loansTotal reserves to total NPLs
Commercial:
Commercial & industrial, including specialized lending
$18,588 0.22 %221.72 %$19,790 0.24 %190.41 %$18,754 0.26 %163.08 %
Multifamily9,090 0.36 %213.87 %2,092 0.08 %924.14 %— — %— %
Commercial real estate owner occupied5,740 0.45 %183.90 %3,876 0.34 %269.12 %7,793 0.68 %138.33 %
Commercial real estate non-owner occupied135 0.01 %13681.48 %168 0.01 %11266.67 %62 — %29125.81 %
Construction— — %— %— — %— %— — %— %
Total commercial loans and leases receivable33,553 0.24 %275.25 %25,926 0.19 %341.74 %26,609 0.22 %298.68 %
Consumer:
Residential7,509 1.52 %76.08 %9,671 1.94 %67.20 %8,151 1.64 %75.61 %
Manufactured housing1,143 4.39 %292.04 %1,192 4.34 %284.48 %1,653 5.20 %229.89 %
Installment3,736 0.48 %1594.16 %4,483 0.58 %1275.17 %4,659 0.64 %1108.33 %
Total consumer loans receivable12,388 0.95 %553.83 %15,346 1.18 %436.96 %14,463 1.15 %425.91 %
Loans and leases receivable45,941 0.30 %350.37 %41,272 0.27 %377.15 %41,072 0.30 %343.48 %
Loans receivable, mortgage finance, at fair value— — %— %— — %— %— — %— %
Loans receivable, installment, at fair value1,626 1.75 %— %2,137 2.09 %— %2,059 1.49 %— %
Loans held for sale251 1.24 %— %279 1.07 %— %382 1.02 %— %
Total loans and leases portfolio$47,818 0.27 %336.61 %$43,688 0.26 %356.29 %$43,513 0.29 %324.22 %
14


CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
NET CHARGE-OFFS/(RECOVERIES) - UNAUDITED
(Dollars in thousands)
Q1Q4Q3Q2Q1
2026
2025
2025
2025
2025
Loan type
Commercial & industrial, including specialized lending$2,576 $1,620 $2,180 $3,871 $3,231 
Multifamily2,630 4,612 — — 3,834 
Commercial real estate owner occupied(5)(40)335 411 16 
Commercial real estate non-owner occupied— (225)3,073 — — 
Construction— — — (3)(3)
Residential— 16 25 (4)— 
Installment8,054 7,766 9,758 8,840 10,066 
Total net charge-offs (recoveries) from loans held for investment$13,255 $13,749 $15,371 $13,115 $17,144 

CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
LOANS AND LEASES RISK RATINGS - UNAUDITED
(Dollars in thousands)
March 31,December 31,September 30,June 30,March 31,
20262025202520252025
Loans and leases (1) risk ratings:
Commercial loans and leases
Pass$13,803,943 $13,316,507 $12,927,467 $12,047,656 $11,815,403 
Special Mention
159,714 216,462 187,794 174,587 189,155 
Substandard
245,028 200,779 230,079 256,849 276,018 
Total commercial loans and leases14,208,685 13,733,748 13,345,340 12,479,092 12,280,576 
Consumer loans
Performing1,294,311 1,287,408 1,308,987 1,209,377 1,242,753 
Non-performing12,318 15,516 13,843 20,298 13,803 
Total consumer loans1,306,629 1,302,924 1,322,830 1,229,675 1,256,556 
Loans and leases receivable (1)
$15,515,314 $15,036,672 $14,668,170 $13,708,767 $13,537,132 
(1)    Risk ratings are assigned to loans and leases held for investment, and excludes loans held for sale, loans receivable, mortgage finance, at fair value, loans receivable, installment, at fair value and eligible PPP loans that are fully guaranteed by the Small Business Administration.
15


CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP MEASURES - UNAUDITED
We believe that the non-GAAP measurements disclosed within this document are useful for investors, regulators, management and others to evaluate our core results of operations and financial condition relative to other financial institutions. These non-GAAP financial measures are frequently used by securities analysts, investors, and other interested parties in the evaluation of companies in our industry. These non-GAAP financial measures exclude from corresponding GAAP measures the impact of certain elements that we do not believe are representative of our ongoing financial results, which we believe enhance an overall understanding of our performance and increases comparability of our period to period results. Investors should consider our performance and financial condition as reported under GAAP and all other relevant information when assessing our performance or financial condition. The non-GAAP measures presented are not necessarily comparable to non-GAAP measures that may be presented by other financial institutions. Although non-GAAP financial measures are frequently used in the evaluation of a company, they have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of our results of operations or financial condition as reported under GAAP. Starting in Q3 2025, certain adjustments to GAAP measures were no longer included as our intention going forward is to limit these adjustments to those items of greatest significance.
The following tables present reconciliations of GAAP to non-GAAP measures disclosed within this document.

Core Earnings - Customers Bancorp
Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025
(Dollars in thousands, except per share data)
USD
Per share
USD
Per share
USD
Per share
USD
Per share
USD
Per share
GAAP net income to common shareholders$69,653 $1.97 $70,088 $1.98 $73,726 $2.20 $55,846 $1.73 $9,523 $0.29 
Reconciling items (after tax):
Impairment loss on debt securities— — — — — — — — 39,875 1.23 
(Gains) losses on investment securities(208)(0.01)(36)0.00 (253)(0.01)1,388 0.04 (124)0.00 
Derivative credit valuation adjustment— — — — — — — — 210 0.01 
Loss on redemption of preferred stock— — 2,799 0.08 — — 1,908 0.06 — — 
Unrealized (gain) loss on loans held for sale— — — — — — (223)(0.01)518 0.02 
Loan program termination fees— — — — — — (772)(0.02)— — 
Core earnings$69,445 $1.97 $72,851 $2.06 $73,473 $2.20 $58,147 $1.80 $50,002 $1.54 

Core Return on Average Assets - Customers Bancorp
(Dollars in thousands, except per share data)Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025
GAAP net income$69,653 $74,492 $75,745 $60,939 $12,912 
Reconciling items (after tax):
Impairment loss on debt securities— — — — 39,875 
(Gains) losses on investment securities(208)(36)(253)1,388 (124)
Derivative credit valuation adjustment— — — — 210 
Unrealized (gain) loss on loans held for sale— — — (223)518 
Loan program termination fees— — — (772)— 
Core net income
$69,445 $74,456 $75,492 $61,332 $53,391 
Average total assets
$24,920,977 $24,721,373 $23,930,723 $22,362,989 $22,314,963 
Core return on average assets1.13 %1.19 %1.25 %1.10 %0.97 %



16


CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP MEASURES - UNAUDITED (CONTINUED)
(Dollars in thousands, except per share data)
Core Return on Average Common Equity - Customers Bancorp
(Dollars in thousands, except per share data)Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025
GAAP net income to common shareholders$69,653 $70,088 $73,726 $55,846 $9,523 
Reconciling items (after tax):
Impairment loss on debt securities— — — — 39,875 
(Gains) losses on investment securities(208)(36)(253)1,388 (124)
Derivative credit valuation adjustment— — — — 210 
Loss on redemption of preferred stock— 2,799 — 1,908 — 
Unrealized (gain) loss on loans held for sale— — — (223)518 
Loan program termination fees— — — (772)— 
Core earnings$69,445 $72,851 $73,473 $58,147 $50,002 
Average total common shareholders’ equity
$2,146,518 $2,093,510 $1,878,115 $1,751,037 $1,730,910 
Core return on average common equity13.12 %13.81 %15.52 %13.32 %11.72 %
Core Efficiency Ratio - Customers Bancorp
(Dollars in thousands, except per share data)Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025
GAAP net interest income$191,351 $204,428 $201,912 $176,703 $167,446 
GAAP non-interest income (loss)
$34,316 $32,516 $30,191 $29,606 $(24,490)
(Gains) losses on investment securities(269)(47)(334)1,797 (160)
Derivative credit valuation adjustment— — — — 270 
Unrealized (gain) loss on loans held for sale— — — (289)667 
Impairment loss on debt securities— — — — 51,319 
Loan program termination fees— — — (1,000)— 
Core non-interest income34,047 32,469 29,857 30,114 27,606 
Core revenue$225,398 $236,897 $231,769 $206,817 $195,052 
GAAP non-interest expense$111,988 $117,309 $105,217 $106,626 $102,771 
Core non-interest expense$111,988 $117,309 $105,217 $106,626 $102,771 
Core efficiency ratio (1)
49.68 %49.52 %45.40 %51.56 %52.69 %
(1) Core efficiency ratio calculated as core non-interest expense divided by core revenue.

17


CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP MEASURES - UNAUDITED (CONTINUED)
(Dollars in thousands, except per share data)
Tangible Common Equity to Tangible Assets - Customers Bancorp
(Dollars in thousands, except per share data)Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025
GAAP total shareholders’ equity
$2,144,300 $2,115,517 $2,126,059 $1,863,558 $1,864,560 
Reconciling items:
   Preferred stock— — (82,201)(82,201)(137,794)
   Goodwill and other intangibles(3,629)(3,629)(3,629)(3,629)(3,629)
Tangible common equity$2,140,671 $2,111,888 $2,040,229 $1,777,728 $1,723,137 
GAAP total assets$25,880,767 $24,895,868 $24,260,163 $22,550,800 $22,423,044 
Reconciling items:
Goodwill and other intangibles(3,629)(3,629)(3,629)(3,629)(3,629)
Tangible assets$25,877,138 $24,892,239 $24,256,534 $22,547,171 $22,419,415 
Tangible common equity to tangible assets8.3 %8.5 %8.4 %7.9 %7.7 %


Tangible Book Value per Common Share - Customers Bancorp
(Dollars in thousands, except share and per share data)Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025
GAAP total shareholders’ equity
$2,144,300 $2,115,517 $2,126,059 $1,863,558 $1,864,560 
Reconciling Items:
   Preferred stock— — (82,201)(82,201)(137,794)
   Goodwill and other intangibles(3,629)(3,629)(3,629)(3,629)(3,629)
Tangible common equity$2,140,671 $2,111,888 $2,040,229 $1,777,728 $1,723,137 
Common shares outstanding33,692,632 34,191,223 34,163,506 31,606,934 31,479,132 
Tangible book value per common share$63.54 $61.77 $59.72 $56.24 $54.74 
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