Customers Bancorp (CUBI)
NYSE:CUBI
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Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.03Last Year’s EPS
1.73Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong operational and financial performance: robust deposit and loan growth, record noninterest-bearing balances, meaningful AI adoption and productivity gains, positive operating leverage (300 bps efficiency improvement) and strong earnings/capital metrics (core EPS +28% YoY; TBV/share +16% YoY). Management also disclosed proactive initiatives (Operational Excellence Phase 2 to $30M run-rate) and a clear strategy to expand cubiX beyond digital assets. Lowlights are manageable: some margin pressure from mix and non-repeating items, modest decline in average cubiX balances, an isolated NPA reclassification and a cautious reserve build driven by macro uncertainty. Overall, the positives materially outweigh the challenges, with high conviction in continued organic growth, deposit diversification and AI-driven scale.Company Guidance
Strong Deposit Growth and Quality
Period-end deposits reached $21.6 billion, up $2.7 billion or ~14% year-over-year (management also referenced 16% growth annualized). Average total deposit cost declined 8 basis points to 2.46%, and cost of interest-bearing deposits fell 18 basis points. Noninterest-bearing deposits hit a record $6.7 billion (over 31% of total deposits) and grew by over $400 million in the quarter (including ~$200 million from digital assets and ~ $230 million from traditional commercial relationships).
Robust Loan Growth and Diversified Origination
Total loans grew to $17.4 billion, increasing by over $600 million in the quarter and representing ~15% annualized growth. Growth was broad-based with top contributors including fund finance, mortgage finance and health care.
Strong Earnings and Capitalization
GAAP and core EPS were $1.97; core EPS rose 28% year-over-year. Core ROE and ROA were 13.1% and 1.13%, respectively. Tangible book value per share was $63.54, up 16% year-over-year and 3% quarter-over-quarter. TCE ratio was 8.3%, up 60 basis points year-over-year.
Net Interest Income Momentum
Net interest income totaled $191.4 million, up $24 million or 14% year-over-year. Management reaffirmed full-year NII growth guidance of +7% to +11% versus 2025.
Positive Operating Leverage and Expense Discipline
Core revenue growth outpaced core expense growth by nearly 2x year-over-year. The core efficiency ratio improved by 300 basis points. Noninterest expense was $112 million and core noninterest expense as a percent of average assets was 1.82% (top decile among peers).
Operational Excellence Savings
Phase 1 of the Operational Excellence program delivered the targeted $20 million annual run-rate benefit and management increased the program target by $10 million (new total target $30 million) through additional revenue and cost opportunities (vendor, technology and risk management improvements).
cubiX Payments Platform Scale and Diversification
cubiX processed approximately $500 billion in transaction activity in Q1 (similar to 2025). Period-end cubiX deposit balances were reported around $4.0 billion with a quarterly average ~ $3.6 billion. Mortgage finance and real-estate-related deposits comprise ~20% of cubiX deposits, and management expects roughly $250 million of noninterest-bearing deposit growth from new verticals in the next 90 days.
AI Adoption and Productivity Gains
Management reported 75% of employees have AI licenses, more than 500 agents/custom GPTs built (~2 dozen in the past two weeks), and over 28,000 hours saved via AI-enabled workflows (~equivalent to ~15 FTEs). Company is prioritizing AI for loan onboarding, deposit onboarding and payments orchestration and announced a strategic partnership with a frontier model provider.
Credit Performance and Provisioning
Credit metrics remained stable: NPAs as a percent of total assets stayed low versus peers, total net charge-offs declined modestly quarter-over-quarter, and reserve coverage remained solid. Management increased ACL modestly (added ~$10 million) to reflect portfolio growth; ACL as a percent of loans rose by ~1 basis point.
Capital Returns and Simplification
Company repurchased ~620,000 shares at an average price of ~$68 and redeemed $110 million of subordinated debt during the quarter. Over the past year, the company also redeemed >$140 million in preferred stock, simplifying and improving capital quality.
CUBI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CUBI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $77.47 | $74.38 | -3.99% |
Jan 22, 2026 | $81.21 | $74.52 | -8.24% |
Oct 23, 2025 | $65.55 | $70.11 | +6.96% |
Jun 30, 2025 | $58.74 | $62.13 | +5.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Customers Bancorp (CUBI) report earnings?
Customers Bancorp (CUBI) is schdueled to report earning on Jul 23, 2026, After Close (Confirmed).
What is Customers Bancorp (CUBI) earnings time?
Customers Bancorp (CUBI) earnings time is at Jul 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CUBI EPS forecast?
CUBI EPS forecast for the fiscal quarter 2026 (Q2) is 2.03.