Customers Bancorp Inc (CUBI-PE) Q1 2026 Earnings Report

Customers Bancorp (CUBI-PE) delivered a solid QQ1 2026 performance characterized by broad-based growth in deposits and loans, strong profitability, and a pronounced emphasis on AI-enabled platforms and the cubiX payments ecosystem. Total deposits rose 16% and total loans grew 15% on an annualized basis in the quarter, with noninterest-bearing deposits reaching a record $6.7 billion (about 31% of total deposits), underscoring the franchise’s ability to generate high-quality funding from relationship-driven sources. Net interest income rose 14% year-over-year to $191.4 million, supported by favorable deposit mix and balance-sheet leverage, while GAAP/core earnings per share were $1.97. Tangible book value per share (TBVPS) climbed 16% year-over-year to $63.54, reflecting disciplined capital deployment and ongoing earnings power. Management reaffirmed its 2026 outlook and highlighted a multi-year AI-driven transformation designed to accelerate growth, reduce risk, and broaden revenue opportunities beyond traditional lending and fees. The quarter also showcased meaningful operational leverage: core revenue outpaced core expenses by nearly 2x, driving a ~300 basis point improvement in the core efficiency ratio. The combination of a robust deposit base, diversified loan growth, and a scalable payments platform positions Customers Bank to continue expanding earnings momentum, albeit with ongoing macro and regulatory risk to monitor.