Customers Bancorp

CUBI · NYSE · Financials · Financials, fiscal 2016 to 2025

CUBI · Last close · November 6, 2026

$84.73

Customers Bancorp's revenue rose 14.5% to $818 million in fiscal 2025. Net income was $224 million, up 23.5%. Its return on equity was 11.3%, up from 10.4% a year earlier. Its efficiency ratio was 52.8%, down from 58.3% a year earlier. It paid out $6 million in dividends and buybacks. The diluted share count rose 2.2%.

Customers Bancorp, Inc. Latest fiscal year ended December 31, 2025 10-K filed February 27, 2026 · 0001488813-26-000029 Updated November 7, 2026

Revenue

$818M

14.5%

Net income

$224M

23.5%

Return on equity

11.3%

0.9 pts

Return on tangible equity

11.0%

0.6 pts

Efficiency ratio

52.8%

5.6 pts

Market cap

$2.9B

Nov 6 close

P/E

10.2x

On $8.29 EPS, 4 qtrs

Return on equity is net income as a share of shareholders' equity; return on tangible equity leaves out goodwill and other intangible assets. The efficiency ratio is operating costs as a share of revenue, so lower means the bank spends less to earn each dollar. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

Charts show fiscal years, from the 10-K filings.

What Customers Bancorp does

Customers Bancorp is a bank holding company. Its subsidiary, Customers Bank, takes deposits and makes loans to businesses and consumers. It describes a branch-light approach: it has a limited number of branches and offices, in Pennsylvania, New York, New Jersey, Massachusetts, Rhode Island, New Hampshire, California and Nevada, and serves many customers through technology and a single point of contact.

It earns money mainly from interest on loans and leases. It lends to commercial businesses, including commercial and industrial loans, commercial real estate and multifamily loans, and nationally to corporations through specialized lending such as fund finance, mortgage finance, equipment financing, healthcare, and technology and venture banking. It also offers residential mortgages and personal loans, payments and treasury services, and banking-as-a-service to fintech companies.

At the end of 2025 it had total assets of $24.9 billion, with total deposits of $20.8 billion.

Its biggest risks, as it describes them

Credit losses if its allowance for credit losses proves too small.
Its focus on commercial, commercial real estate and mortgage finance lending.
Conditions in the commercial real estate market and changes to New York multifamily rules.
Local economic downturns in the Northeast and Mid-Atlantic, where it is concentrated.

From Customers Bancorp's annual report on Form 10-K, filed February 27, 2026, in our words; the 10-K has the full description and every risk factor. Updated with each new annual report.

Income statement

Revenue and net income

US$ billions, fiscal years; net losses in red. Revenue on the left axis, net income on the right; zero is the same line on both. Revenue is net of interest expense.

Revenue (left axis)Net income (right axis)

Efficiency ratio and net interest income

Percent of revenue. The efficiency ratio is noninterest expense over revenue.

Efficiency ratioNet interest income share

From fiscal 2016 to 2025, earnings per share grew 11.7% a year and net income 12.3% a year, as new shares raised the share count by 11% and diluted each share's earnings.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Return on equity

Percent. Net income over average equity; tangible equity excludes goodwill, intangibles and preferred stock.

Return on equityReturn on tangible common equity

Balance sheet

Loans and deposits

US$ billions, at each fiscal year end

Loans, netDeposits

Total assets and shareholders' equity

US$ billions, at each fiscal year end. Assets on the left axis, equity on the right.

Total assets (left axis)Equity (right axis)

Five years at a glance

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Loans, net	14,415	15,335	12,726	14,312	16,601
Deposits	16,778	18,157	17,920	18,846	20,779
Loans to deposits	85.9%	84.5%	71.0%	75.9%	79.9%
Provision for credit losses	27	−60	−71	−70	−77
Provision to average loans	0.2%	−0.4%	−0.5%	−0.5%	−0.5%
Total assets	19,575	20,896	21,316	22,308	24,896
Shareholders' equity	1,366	1,403	1,638	1,837	2,116

US$ millions unless stated, at each fiscal year end.

Cash flow

Stock-based compensation and buybacks

US$ billions, fiscal years. Shares paid to employees (stock-based compensation, a cost that uses no cash) against cash spent buying shares back. Buybacks that only match it leave the share count roughly where it was.

Stock-based compensationShare buybacks

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Projections

Project Customers Bancorp's revenue, net income and earnings per share five years ahead in a bull, a base and a bear case with your own figures, and see the share prices your P/E estimates give them. Every projected figure is yours: it is not a forecast of ours.

Open Customers Bancorp's projections

Insider trades

Over the 12 months between November 7, 2025 and November 6, 2026, 1 insider bought $72,580 of Customers Bancorp shares on the open market, and 7 insiders sold $39.4 million.

Buys and sells by month

US$ millions, open-market purchases (up) and sales (down) by officers, directors and 10% owners in each month.

BoughtSold

Date	Insider	Trade	Shares	Price	Value	Filing
Nov 2, 2026	Philip WatkinsEVP, Head of Corp Devel & IR	Sold	5,500	$86.17	$473,924	Form 4
Nov 2, 2026	Way T LawrenceDirector	Sold	723	$85.16	$61,571	Form 4
Oct 30, 2026	Way T LawrenceDirector	Sold	48,796	$83.88	$4.1 million	Form 4
Oct 29, 2026	Jay S SidhuExec. Chairman, Director	Sold	50,000	$87.40	$4.4 million	Form 4
Aug 13, 2026	Andrea R. AllonDirector	Sold	10,000	$82.81	$828,100	Form 4
Aug 3, 2026	Jay S SidhuChairman, Director	Sold	68,821	$80.09	$5.5 million	Form 4
Jul 30, 2026	Jay S SidhuChairman, Director	Sold	835	$79.00	$65,965	Form 4
Jul 29, 2026	Jay S SidhuChairman, Director	Sold	30,344	$79.20	$2.4 million	Form 4
May 29, 2026	Lyle CunninghamChief Banking Officer	Sold	47,914	$75.03	$3.6 million	Form 4
May 27, 2026	Jay S SidhuChairman, Director	Sold	60,315	$76.23	$4.6 million	Form 4
May 12, 2026	Samvir S. SidhuCEO, Director	Bought	1,000	$72.58	$72,580	Form 4
May 11, 2026	Philip WatkinsEVP, Head of Corp Development	Sold	3,000	$75.67	$227,010	Form 4

The latest 12 of 20 trades. Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Compare

Put Customers Bancorp side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Net margin	Return on equity	Return on tangible equity	Efficiency ratio	Compare
Customers Bancorp	FY25	14.5%	27.4%	11.3%	11.0%	52.8%
Community Bank System	FY25	9.6%	25.7%	11.2%	20.7%	63.7%	Compare
Cathay General Bancorp	FY25	12.1%	38.5%	10.9%	12.6%	43.4%	Compare
Trustmark	FY25	42.6%	28.0%	11.0%	13.1%	64.0%	Compare
Pathward Financial	FY25	5.3%	22.1%	22.1%	34.5%	66.7%	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	306	346	317	313	468	763	656	758	715	818
Revenue growth	36.5%	13.2%	−8.5%	−1.4%	49.6%	63.2%	−14.0%	15.6%	−5.7%	14.5%
Net interest income	250	267	258	277	404	685	624	687	654	750
Noninterest income	56	79	59	35	64	78	32	71	60	68
Noninterest expense	178	216	220	181	215	294	305	353	417	432
Provision for credit losses	3	7	6	24	63	27	−60	−71	−70	−77
Net income	79	79	72	79	133	315	228	250	182	224
Diluted EPS (US$)	2.31	1.97	1.78	2.05	3.74	8.91	6.51	7.32	5.09	6.26
Diluted shares (millions)	30	33	32	32	32	34	34	32	33	33
Payouts
Dividends paid	0	0	0	0	0	0	0	0	0	0
Share buybacks	0	0	13	1	0	28	33	40	19	6
Balance sheet at fiscal year end
Loans, net	—	—	—	—	15,609	14,415	15,335	12,726	14,312	16,601
Deposits	7,304	6,800	7,142	8,649	11,310	16,778	18,157	17,920	18,846	20,779
Total assets	9,383	9,840	9,833	11,521	18,439	19,575	20,896	21,316	22,308	24,896
Shareholders' equity	856	921	957	1,053	1,117	1,366	1,403	1,638	1,837	2,116
Ratios
Return on equity	11.2%	8.9%	7.6%	7.9%	12.2%	25.3%	16.5%	16.4%	10.4%	11.3%
Return on tangible common equity	12.2%	9.6%	7.9%	8.2%	13.7%	28.2%	17.5%	17.0%	10.4%	11.0%
Return on assets	0.9%	0.8%	0.7%	0.7%	0.9%	1.7%	1.1%	1.2%	0.8%	0.9%
Efficiency ratio	58.3%	62.3%	69.5%	57.8%	46.0%	38.6%	46.4%	46.5%	58.3%	52.8%

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: Customers Bancorp's Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with Customers Bancorp.