Customers Bancorp (NYSE:CUBI) is a bank holding company that provides financial services to commercial and consumer customers. As a holding company, it owns and controls one or more banks, operating within the competitive U.S. regional banking sector. Its performance is often compared to other financial institutions of a similar size.
On April 23, 2026, Customers Bancorp announced its first-quarter earnings results. The company reported an earnings per share (EPS) of $1.97. This figure surpassed the analyst consensus estimate of $1.88. It also showed a notable increase from the $1.54 per share reported in the same quarter one year ago.
Customers Bancorp also posted strong revenue figures for the quarter. Customers Bancorp's revenue was $225.67 million, which was above the estimated $223.45 million. As highlighted by Zacks, this represented a 16.2% increase over the $194.27 million from the previous year and marked the fourth straight quarter of beating revenue estimates.
This performance was driven by substantial growth in the bank's core activities. As reported by Business Wire, total deposits increased by $2.7 billion year-over-year. In addition, total loans saw a large rise, growing by $2.3 billion compared to the first quarter of 2025, indicating strong business expansion.
The quality of Customers Bancorp's balance sheet also improved. Non-interest bearing deposits, which are low-cost funds for a bank, grew to a record $6.7 billion. The company also improved its efficiency ratio to 49.68%. A lower efficiency ratio suggests the bank is spending less to generate each dollar of revenue.
