Customers Bancorp reports Q2 core EPS $1.80, consensus $1.54

CET 1 ratio of 12.0% at June 30, 2025, compared to 11.7% at March 31, 2025. Q2 2025 book value per share and tangible book value per share both grew by approximately $1.50, or 2.7% over Q1 2025, or 11% annualized, with a tangible book value per share of $56.24 at June 30, 2025. Q2 2025 net interest margin, tax equivalent was 3.27%, compared to Q1 2025 NIM of 3.13%, an increase of 14 basis points, primarily due to higher interest income from loan growth. of its strategic priorities and underscore our success in growing franchise value. And importantly, with our customer-centric mindset and commitment to service provided by our extraordinary colleagues, we are here to serve our clients as the business environment continues to evolve,” said CEO Jay Sidhu. “In the second quarter, we demonstrated the strength of our unique business model. The impact can be seen in a 14 basis points increase in our net interest margin in Q2 2025 compared to last quarter as we continue to source loans at attractive yields and manage our interest expenses. Deposit focused teams we have recruited since March 2023 managed $2.4 billion or 13% of total deposits. Enhanced by their efforts, we’ve increased commercial deposit accounts by approximately 60% since year end 2022, adding granular and sticky relationships while significantly lowering our cost of deposits, increasing our non-interest bearing deposits, and driving franchise value. We believe the company is extremely well-positioned to continue to strengthen our deposit franchise, improve our profitability, and maintain our already strong capital ratios.”