Customers Bancorp (NYSE:CUBI) Reports Sales Below Analyst Estimates In Q2 CY2026 Earnings

Barchart·07/23/2026 16:02:13

Regional banking company Customers Bancorp (NYSE:CUBI) fell short of the market’s revenue expectations in Q2 CY2026, but sales rose 9.9% year on year to $227.3 million. Its non-GAAP profit of $2.05 per share was 3% above analysts’ consensus estimates.

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“I am pleased to share our second quarter 2026 results that show the company’s continued execution of its strategic priorities and underscore our success in growing franchise value,” said Customers Bancorp CEO Sam Sidhu.

Company Overview

Originally founded with a "high-tech, high-touch" branch-light banking strategy, Customers Bancorp (NYSE:CUBI) is a bank holding company that provides commercial and consumer banking services through its Customers Bank subsidiary, with a focus on business lending and digital banking.

Sales Growth

Two primary revenue streams drive bank earnings. While net interest income, which is earned by charging higher rates on loans than paid on deposits, forms the foundation, fee-based services across banking, credit, wealth management, and trading operations provide additional income. Thankfully, Customers Bancorp’s 10.4% annualized revenue growth over the last five years was decent. Its growth was slightly above the average banking company and shows its offerings resonate with customers.

Long-term growth is the most important, but within financials, a half-decade historical view may miss recent interest rate changes and market returns. Customers Bancorp’s recent performance shows its demand has slowed as its annualized revenue growth of 8.7% over the last two years was below its five-year trend. We’re wary when companies in the sector see decelerations in revenue growth, as it could signal changing consumer tastes aided by low switching costs. Note: Quarters not shown were determined to be outliers because they were impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.

This quarter, Customers Bancorp’s revenue grew by 9.9% year on year to $227.3 million, missing Wall Street’s estimates.

Net interest income made up 88.6% of the company’s total revenue during the last five years, meaning Customers Bancorp barely relies on non-interest income to drive its overall growth.

Our experience and research show the market cares primarily about a bank’s net interest income growth as non-interest income is considered a lower-quality and non-recurring revenue source.

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Tangible Book Value Per Share (TBVPS)

Banks profit by intermediating between depositors and borrowers, making them fundamentally balance sheet-driven enterprises. Market participants emphasize balance sheet quality and sustained book value growth when evaluating these institutions.

Because of this, tangible book value per share (TBVPS) emerges as the critical performance benchmark. By excluding intangible assets with uncertain liquidation values, this metric captures real, liquid net worth per share. EPS can become murky due to acquisition impacts or accounting flexibility around loan provisions, and TBVPS resists financial engineering manipulation.

Customers Bancorp’s TBVPS grew at an incredible 15.4% annual clip over the last five years. TBVPS growth has recently decelerated a bit to 13.4% annual growth over the last two years (from $50.70 to $65.20 per share).

Over the next 12 months, Consensus estimates call for Customers Bancorp’s TBVPS to grow by 14.7% to $74.78, decent growth rate.

Key Takeaways from Customers Bancorp’s Q2 Results

We struggled to find many positives in these results. Its net interest income missed and its revenue fell slightly short of Wall Street’s estimates. Overall, this quarter could have been better. The stock remained flat at $76.09 immediately following the results.

Is Customers Bancorp an attractive investment opportunity right now? We think that the latest quarter is only one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here (it’s free).

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