Customers Bancorp is targeting a low-40s efficiency ratio run rate in 2027, down from roughly 50% today, while its cubiX real estate payments vertical is expected to become a growth area and could represent 20% of all payment units by that year. President and CEO Samvir Sidhu said total loans grew 4% in the quarter and 17% year-over-year to a record $18 billion, total deposits rose over $140 million to a record $21.7 billion, and noninterest-bearing deposits hit a second consecutive record at $6.9 billion, or 32% of total deposits. CFO Mark McCollom reported EPS of $2.05 and net interest income of over $193 million, up 9% year-over-year, while calling the second quarter's 3.17% net interest margin the low point for 2026 and an inflection point for the year. The bank reaffirmed all key metrics and expects net interest margin to move back toward first-quarter levels in the third quarter, with stronger net interest income in the back half of the year. On the cubiX platform, transaction volume is up roughly seven times, spot deposit balances have more than quadrupled to $400 million, and cumulative transaction activity has surpassed $5 trillion, prompting management to shift from earlier caution to now expecting cubiX to be a growth area in 2027.
Customers Bancorp, Inc.Bank targets improved efficiency ratio, reports strong loan/deposit growth, and expects NIM inflection, all positive financial metrics.