Customers Bancorp assumed with an Overweight at Piper Sandler

Piper Sandler analyst Manuel Navas assumed coverage of Customers Bancorp (CUBI) with an Overweight rating and $82 price target The firm believes the company should continue to produce above-peer 10% growth across loans, deposits, and TBV/Share in its 2026-2027 forecast on market share gains from commercial banking talent additions. This drives Piper’s expectation for EPS growth of positive 9% in 2026 and 13% in 2027 after 36% growth in 2025. The firm thinks this robust commercial-led growth is trading at an unwarranted discount to peers. Furthermore, Piper believes EPS growth is achievable, the multiple should expand to at least peer levels given its growth profile, and headwinds from crypto and NDFI weighting risks are overblown.