Oct 22, 4:45 PM ET
Customers Bancorp reported unaudited third-quarter 2026 net income available to common shareholders of $78.4 million, or $2.25 per diluted share, up from $2.20 a year earlier and $2.05 in the prior quarter. The company also updated its full-year 2026 guidance, including net interest income of $805 million to $810 million and non-interest expense of $460 million to $465 million, which shareholders can compare against future results.
- Q3 2026 net income available to common shareholders was $78.4 million, or $2.25 per diluted share, versus $73.7 million and $2.20 per diluted share in Q3 2025
- Efficiency ratio improved to 47.2% in Q3 2026 from 50.6% in Q2 2026; net interest margin rose to 3.19% from 3.17%
- Full-year 2026 guidance: loans up 12% or more, deposits up 9% or more, net interest income $805 million to $810 million, non-interest expense $460 million to $465 million, tax rate 22% to 23%
- Total deposits reached a period-end record $22.6 billion at September 30, 2026, up 10.6% from a year earlier
Read the filing on SEC.gov ↗
Jul 27, 5:03 PM ET
Customers Bancorp and Chief Financial Officer Mark McCollom signed a First Amended Employment Agreement on July 24, 2026, replacing his June 10, 2025 agreement. The amendment adds a 12-month non-compete, requires a release of claims for severance, and sets a 45-day notice period for him to resign, down from 60 days.
- Agreement dated July 24, 2026 amends and replaces the employment agreement dated June 10, 2025 with Mark R. McCollom, EVP and CFO.
- Term now renews automatically each year unless either party gives at least 60 days' notice before the anniversary date.
- Mr. McCollom's notice period to terminate employment shortened from 60 days to 45 days.
- New 12-month restrictive covenant bars competing in the Company's Field of Interest in the Restricted Area(s).
Read the filing on SEC.gov ↗
Jul 23, 4:35 PM ET
Customers Bancorp reported unaudited second-quarter 2026 net income available to common shareholders of $71.6 million, or $2.05 per diluted share, up from $55.8 million, or $1.73 per diluted share, a year earlier. The company reaffirmed its full-year 2026 guidance across all metrics, and deposits and loans both reached period-end records.
- Q2 2026 net income available to common shareholders was $71.6 million, or $2.05 per diluted share, compared with $55.8 million, or $1.73 per diluted share, in Q2 2025.
- Net interest income was $193.4 million in Q2 2026, up $16.7 million from Q2 2025.
- Management reaffirmed full-year 2026 guidance across all metrics.
- Non-performing loans rose to 0.31% of total loans and leases at June 30, 2026, from 0.18% at June 30, 2025.
Read the filing on SEC.gov ↗
Jul 8, 5:12 PM ET
Customers Bancorp entered into a Supplemental Executive Retirement Plan for Lyle Cunningham on July 8, 2026, superseding a plan adopted in April 2022. The plan provides lifetime monthly benefits, including a $12,500 monthly payment after normal retirement age, which is a compensation arrangement rather than a change in executive role.
- Plan entered July 8, 2026, for executive Lyle Cunningham, replacing his prior plan adopted April 27, 2022
- Monthly lifetime benefit of $12,500 payable after separation from service at Normal Retirement Age
- Includes early termination and change-in-control benefits, with forfeiture if terminated for Cause
- Filed as Exhibit 10.1; the filing does not report any change in officer role
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
