Every material Form 8-K Customers Bancorp has filed with the SEC since September 05, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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).
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.
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
At its May 26, 2026 annual meeting, Customers Bancorp shareholders approved an amendment raising the share authorization under the 2019 Stock Incentive Plan by 750,000 shares, from 3,320,325 to 4,070,325, and raising the limit on non-employee director compensation under the plan. The filing also reports the election of three Class III directors and the results of the say-on-pay and plan votes, with the plan amendment drawing 8,530,617 votes against.
Authorized shares under the 2019 Stock Incentive Plan rose by 750,000, from 3,320,325 to 4,070,325.
Plan amendment vote: 19,725,308 for, 8,530,617 against, 271,068 abstentions, 2,052,252 broker non-votes.
Advisory say-on-pay vote: 19,160,697 for, 9,059,302 against, 306,994 abstentions.
Susan D. Looney, Dalton T. Sirmans and Steven J. Zuckerman were elected as Class III directors; Deloitte & Touche LLP was ratified for fiscal 2026.
Customers Bancorp reported unaudited first-quarter 2026 net income available to common shareholders of $69.7 million, or $1.97 per diluted share, compared with $70.1 million, or $1.98 per diluted share, in the fourth quarter of 2025 and $9.5 million, or $0.29 per diluted share, in the first quarter of 2025. Net interest income fell sequentially but rose from a year earlier, and total deposits and loans grew, while the filing gives no forward earnings guidance.
Net income available to common shareholders was $69.7 million, or $1.97 per diluted share, versus $70.1 million, or $1.98, in Q4 2025 and $9.5 million, or $0.29, in Q1 2025.
Net interest income was $191.4 million, down $13.1 million from Q4 2025 but up $23.9 million from Q1 2025.
Total deposits rose 3.9% in the quarter to $21.6 billion, and loans and leases held for investment rose 3.7% to $17.4 billion from December 31, 2025.
Q1 2025 results included a $51.3 million impairment loss on debt securities, which affects the year-over-year comparison.
Customers Bancorp entered into a Supplemental Executive Retirement Plan for Samvir Sidhu on March 19, 2026, replacing a plan adopted for him on May 3, 2021. The plan provides lifetime monthly benefits, including a $50,000 monthly benefit after normal retirement age, and is designed to encourage his continued contributions to the company.
Plan dated March 19, 2026, for executive Samvir Sidhu, superseding his plan adopted May 3, 2021
Monthly lifetime benefit of $50,000 payable after separation from service at normal retirement age
Additional benefits include an early termination benefit, a change-in-control benefit, and disability and death benefits; benefits can be forfeited if terminated for cause
Customers Bancorp director Robert N. Mackay told the company on March 20, 2026 that he intends to retire from the boards of the company and Customers Bank and will not stand for reelection at the 2026 Annual Meeting of Shareholders. He cited the increasing demands of his role as CEO of a global regulatory technology company, and the filing states the decision is not related to any disagreement over company or bank operations, policies or practices.
Robert N. Mackay informed the company on March 20, 2026 of his intent to retire and not stand for reelection.
His retirement takes effect immediately after the 2026 Annual Meeting of Shareholders.
Mackay has been a director since 2022 and sits on the Directors Risk & Compliance Committee and the Leadership Development & Compensation Committee.
The filing says the decision is not related to any disagreement on company or bank matters.
Customers Bancorp said Stephen Wyremski was appointed Executive Vice President and Chief Operating Officer of its subsidiary, Customers Bank, effective January 26, 2026. The filing sets out his pay package, including a $450,000 base salary and a $450,000 sign-on bonus subject to clawback, which shareholders may track in future proxy and financial disclosures.
Annual base salary of $450,000, plus a discretionary bonus target of up to 125% of base salary and an enhanced performance bonus of up to an additional 25%
Sign-on bonus of $450,000, subject to clawback if he leaves voluntarily or is terminated for cause before the second anniversary of his start date
He will receive a $425,000 final completion fee for consulting services he provided to the Bank from June 2024 to January 2026
Previously CFO of Signature Bank from 2021 through 2023, according to the filing
Customers Bancorp reported unaudited fourth-quarter 2025 net income available to common shareholders of $70.1 million, or $1.98 per diluted share, up from $23.3 million, or $0.71 per diluted share, a year earlier, though down from $73.7 million, or $2.20 per diluted share, in the third quarter. Full-year 2025 net income was $209.2 million, or $6.26 per diluted share, compared with $5.09 in 2024, and the company gave 2026 targets for loan and deposit growth, net interest income, non-interest expense, capital and tax rate, while Sam Sidhu became chief executive effective January 1, 2026.
Q4 2025 core earnings were $72.9 million, or $2.06 per diluted share, versus $1.36 in Q4 2024.
Net interest income was $204.4 million in Q4 2025, and full-year 2025 net interest income was a record $750.5 million.
2026 targets: loan and deposit growth of 8% to 12%, net interest income of $800 million to $830 million, and non-interest expenses of $440 million to $460 million.
Sam Sidhu became Chief Executive Officer effective January 1, 2026, and Jay Sidhu is Executive Chairman.
Customers Bancorp said Sam Sidhu became Chief Executive Officer and joined the Board of Directors effective January 1, 2026, following a previously announced succession plan. Jay Sidhu retired as CEO and became Executive Chairman, and the filing sets out new employment agreements for both executives.
Sam Sidhu was appointed CEO and a director effective January 1, 2026; the Board size increased to thirteen members.
Sam Sidhu's agreement sets a base salary of not less than $975,000 and a performance-based restricted stock unit award of 225,000 units.
Jay Sidhu's new agreement sets a base salary of not less than $650,000 and a three-year initial term, and he takes the role of Executive Chairman.
Customers Bancorp entered into a Second Supplemental Indenture with Wilmington Trust on December 22, 2025, to issue $100 million of 6.875% Fixed-to-Floating Rate Subordinated Notes due 2036. The notes are junior to the company's senior debt and structurally subordinated to liabilities of its subsidiaries, including Customers Bank, so they add debt at the holding company level that ranks behind other claims.
Principal amount: $100 million; fixed 6.875% rate until January 15, 2031, then floating at Three-Month Term SOFR plus 342 basis points until maturity in 2036
Interest is paid semi-annually from July 15, 2026 during the fixed period, then quarterly from April 15, 2031
Redeemable at the company's option at 100% of principal plus accrued interest beginning January 15, 2031
Customers Bancorp and Customers Bank completed an underwritten public offering of $100 million in 6.875% fixed-to-floating rate subordinated notes due 2036, priced at 100% of principal, on December 15, 2025. The company estimates net proceeds of about $98 million, which it plans to use for general corporate purposes, including a possible partial redemption of the Bank's 6.125% notes due 2029 on March 26, 2026.
Offering size: $100 million principal amount of 6.875% Fixed-to-Floating Rate Subordinated Notes due 2036, sold at 100.00% of principal
Estimated net proceeds: approximately $98 million after discounts, commissions and offering expenses
Possible use: partial redemption of the Bank's 6.125% Fixed-to-Floating Rate Subordinated Notes due 2029 on March 26, 2026, along with other general corporate purposes
Underwriters: Keefe, Bruyette & Woods, Piper Sandler & Co. and Raymond James & Associates; the Notes are not FDIC-insured
Customers Bancorp reported third-quarter 2025 net income available to common shareholders of $73.7 million, or $2.20 per diluted share, up from $55.8 million, or $1.73, in the second quarter and $42.9 million, or $1.31, a year earlier. The company also raised $163 million of common equity during the quarter, which lifted its CET1 capital ratio to 13.0%, and it said it may redeem its remaining preferred stock in the fourth quarter of 2025.
Q3 2025 net income available to common shareholders was $73.7 million, or $2.20 per diluted share, versus $55.8 million, or $1.73, in Q2 2025.
Net interest margin was 3.46% in Q3 2025, up from 3.27% in Q2 2025.
The company raised $163 million of common equity, net of issuance costs; CET1 ratio was 13.0% at September 30, 2025, compared with 12.1% at June 30, 2025.
Tangible book value per share was $59.72 at September 30, 2025, compared with $56.24 at June 30, 2025.
Customers Bancorp's board appointed Mike Gill, Robert Krasne, Susan Looney and Dalton Sirmans as directors, effective October 29, 2025, increasing the board to twelve members. The four also join the board of its subsidiary, Customers Bank, and will receive the same non-employee director compensation as existing directors, pro-rated through fiscal year end.
Four new directors: Mike Gill, Robert Krasne, Susan Looney and Dalton Sirmans, appointed September 24, 2025
Effective date is October 29, 2025, when board size increases to twelve members
Directors also serve on the board of wholly owned subsidiary Customers Bank
Compensation follows non-employee director terms, pro-rated until end of current fiscal year
Customers Bancorp sold 2,189,781 shares of voting common stock at $68.50 per share on September 3, 2025, and the underwriters exercised their option in full for 328,467 more shares. The offering closed September 3, 2025, with aggregate gross proceeds of about $172.5 million and net proceeds of about $163.9 million, which increases the number of shares outstanding for existing shareholders.
Base offering of 2,189,781 shares at $68.50 per share under an underwriting agreement dated September 3, 2025
Underwriters' 328,467-share option exercised in full; aggregate gross proceeds about $172.5 million and net proceeds about $163.9 million before transaction expenses
Directors and certain officers agreed to a 60-day lock-up on sales of the company's securities, subject to exceptions
Company intends to use proceeds for general corporate purposes, which may include repurchasing shares or redeeming Series F preferred stock
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