Customers Bancorp Reports Results for Second Quarter 2026 — Exhibit 99.1

Summary

An Exhibit 99.1 earnings release in which Customers Bancorp, Inc. (NYSE:CUBI) reports results for the second quarter of 2026, with commentary dated July 23, 2026. The highlights state net income available to common shareholders of $71.6 million, or $2.05 per diluted share, and total deposits up $140.3 million, or 0.6%, from Q1 2026 to a period end record level of $21.7 billion. Total loans increased $623.8 million, or 3.6%, from Q1 2026. In the commentary, CEO Sam Sidhu describes pilots of an AI-powered loan closing process and AI-powered KYC screening, and says cumulative network transaction volume on the cubiX payments platform passed $5 trillion in the quarter. The release also carries a tangible book value per common share table.

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EX-99.1 2 q226pressrelease.htm EX-99.1 Document

Exhibit 99.1

Customers Bancorp, Inc. (NYSE:CUBI)

701 Reading Avenue

West Reading, PA 19611

Contacts:

Laura Vele, Chief Marketing Officer 646-315-2017

Customers Bancorp Reports Results for Second Quarter 2026

Second Quarter 2026 Highlights

• Q2 2026 net income available to common shareholders was $71.6 million, or $2.05 per diluted share; ROAA was 1.13% and ROCE was 13.22%.

• Q2 2026 core earnings* 1 were $71.5 million, or $2.05 per diluted share; Core ROAA* was 1.13% and Core ROCE* was 13.20%.

• Total deposits increased $140.3 million, or 0.6% in Q2 2026 from Q1 2026, and $2.8 billion, or 14.5% from Q2 2025 to a period end record level of $21.7 billion.

• Total loans increased $623.8 million, or 3.6%, in Q2 2026 from Q1 2026, and $2.6 billion, or 16.9% from Q2 2025 to a period end record level of $18.0 billion.

• Non-interest bearing deposits increased $174.1 million in Q2 2026 compared to Q1 2026 to a period end record level of $6.9 billion, or 31.8% of total deposits.

• Q2 2026 efficiency ratio was 50.55% compared to Q2 2025 efficiency ratio of 51.23%, a decline of 68 basis points and Q2 2026 core efficiency ratio* was 50.55% compared to Q2 2025 core efficiency ratio* of 51.56%, a decline of 101 basis points.

* Non-GAAP measure. Customers’ reasons for the use of the non-GAAP measure and a detailed reconciliation between the non-GAAP measure and the comparable GAAP amount are included at the end of this document.
1 Excludes pre-tax gains on investment securities of $0.1 million.

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CEO Commentary

West Reading, Pa, July 23, 2026 - “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.

“Artificial intelligence (“AI”) and automation continued to drive measurable transformative progress across the organization in the second quarter, with tangible results across productivity, revenue, and risk management. On the productivity front, we completed a pilot of our new AI-powered loan closing process, which included successfully closing selected commercial loans in seven days, down from 30 to 60 days typically, achieving this milestone one to two quarters ahead of schedule. We also saw positive revenue impact, with select verticals delivering over 100% improvement in prospecting success rates as AI enhanced our ability to identify and pursue the highest-quality opportunities. Finally, on risk management, we piloted AI-powered KYC screening and OFAC false-positive clearing, strengthening the consistency and defensibility of our compliance processes while freeing up capacity for higher-value work. Together, these results reflect the tangible, organization-wide progress we are making as we continue to scale AI across the bank.

Our cubiX payments platform also continued to scale, with cumulative network transaction volume surpassing $5 trillion in the quarter. We saw particularly strong momentum in our real estate vertical, which added $300 million in deposit balances in the quarter and has a nine figure pipeline per quarter through year end.

We continued to strategically and organically grow our loan and deposit portfolios with momentum throughout the organization. Total loans and leases grew by 3.6% in Q2 2026 compared to Q1 2026, with contributions from multiple verticals allowing us to deliver above industry average growth rates without sacrificing on structure or credit quality.

Total deposits increased by 0.6% in Q2 2026 compared to Q1 2026, and we delivered about $375 million of non-interest bearing deposit growth in Q2 2026 outside of our digital asset channel clients. Year to date our new commercial banking teams hired since Q2 2023 added approximately $570 million in deposits with 65% of the growth from non-interest bearing deposits. The growth continued to be granular as we had an increase of approximately 1,250 commercial accounts on a net basis, or a 5% increase in a single quarter, and the 2025 teams alone added 475 accounts in the quarter.

Our Q2 2026 GAAP earnings were $71.6 million, or $2.05 per diluted share, and core earnings* were $71.5 million, or $2.05 per diluted share. Asset quality remains strong with our NPA ratio at just 0.32% of total assets and reserve levels are robust at 293% of total non-performing loans at the end of Q2 2026. Our TCE / TA ratio* increased by 40 basis points from June 30, 2025 to 8.3% at June 30, 2026, while our balance sheet grew by 2.5% and we repurchased 92,804 shares of common stock at a weighted average price of $73.03 in the quarter.

In Q2 2026, we once again delivered exceptionally strong growth across key metrics of revenue, core earnings*, and book value per share of 10%, 14%*, and 16%, respectively, when compared to Q2 2025” Sam Sidhu concluded.

* Non-GAAP measure. Customers’ reasons for the use of the non-GAAP measure and a detailed reconciliation between the non-GAAP measure and the comparable GAAP amount are included at the end of this document.

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Key Balance Sheet Trends

Loans and Leases Held for Investment

Loans and leases held for investment were a period end record $18.0 billion at June 30, 2026, up $585 million, or 3.4%, from March 31, 2026. C&I specialized lending increased by $253 million, or 3.4% quarter-over-quarter to $7.7 billion. Non-owner occupied commercial real estate loans increased by $145 million, or 8.3%, to $1.9 billion. Multifamily loans increased by $113 million, or 4.5%, to $2.6 billion. Other C&I loans increased by $100 million, or 10.0% to $1.1 billion. These increases were partially offset by a decrease in mortgage finance loans of $101 million, or 5.5% to $1.7 billion.

Loans and leases held for investment of $18.0 billion at June 30, 2026 were up $2.6 billion, or 16.8%, year-over-year. C&I specialized lending increased by $1.2 billion, or 18.5%, year-over-year. Non-owner occupied commercial real estate loans increased by $391 million, or 26.1%. Multifamily loans increased by $377 million, or 16.8%. Owner-occupied commercial real estate loans increased by $206 million, or 19.3%. Consumer installment loans increased by $138 million, or 17.1%. Construction loans increased by $118 million, or 119.9%. Mortgage finance loans increased by $104 million, or 6.4%.

Investment Securities

At June 30, 2026, total investment securities were $3.3 billion, an increase of $602 million compared to March 31, 2026 and an increase of $528 million compared to a year ago, driven primarily from purchases of agency MBS and CMO.

At June 30, 2026, the Available-For-Sale (“AFS”) debt securities portfolio had a spot yield of 5.14%, an effective duration of approximately 2.5 years, and approximately 35% are variable rate. Additionally, approximately 79% of the AFS securities portfolio was AAA rated at June 30, 2026.

At June 30, 2026, the Held-To-Maturity (“HTM”) debt securities portfolio represented only 2.4% of total assets, had a spot yield of 3.18% and an effective duration of approximately 4.2 years. Additionally, at June 30, 2026, approximately 70% of the HTM securities were AAA rated and $0.2 billion were credit enhanced asset backed securities with no current expectation of credit losses.

Deposits

Total deposits increased $140 million, or 0.6% to a period end record $21.7 billion at June 30, 2026 as compared to the prior quarter. The total average cost of deposits increased by 4 basis points to 2.50% in Q2 2026 from 2.46% in the prior quarter. Total estimated uninsured deposits were $7.6 billion 1 , or 35% of total deposits at June 30, 2026 with immediately available liquidity covering approximately 146% of these deposits.

Total deposits increased $2.8 billion, or 14.5% to $21.7 billion at June 30, 2026 as compared to a year ago. The total average cost of deposits decreased by 35 basis points to 2.50% in Q2 2026 from 2.85% in Q2 2025.

Borrowings

Total borrowings increased $428 million, or 22.5% to $2.3 billion at June 30, 2026 as compared to the prior quarter. This increase primarily resulted from net draws of $500 million in FHLB advances, partially offset by repayment of $70 million in federal funds purchased. Total borrowings increased $853 million, or 57.7%, to $2.3 billion at June 30, 2026 as compared to a year ago primarily due to net draws of $870 million in FHLB advances.

1 Uninsured deposits (estimate) of $9.7 billion to be reported on the Bank’s call report, less deposits of $1.7 billion collateralized by standby letters of credit from the FHLB and from our affiliates of $313 million.

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Capital

Customers Bancorp’s common equity increased $61 million to $2.2 billion, and tangible common equity* increased $61 million to $2.2 billion, at June 30, 2026 compared to the prior quarter, respectively, primarily from earnings of $72 million, offset in part by $7 million of common share repurchase and an increase in AOCI of $4 million (net of taxes), mostly from increased unrealized losses on swaps designated as cash flow hedges. Customers Bancorp’s common equity increased $424 million to $2.2 billion, and tangible common equity* increased $424 million to $2.2 billion, at June 30, 2026 compared to a year ago, respectively, primarily from earnings of $291 million and the issuance of $163 million of common stock in September 2025, offset in part by $49 million of common share repurchases. Book value per common share increased to $65.31 from $63.64 and $56.36, and tangible book value per common share* increased to $65.20 from $63.54 and $56.24, at June 30, 2026 from March 31, 2026 and June 30, 2025, respectively.

Credit Quality

The provision for credit losses in Q2 2026 was $23 million, compared to $23 million in Q1 2026 and $21 million in Q2 2025.

Net charge-offs were $15 million in Q2 2026, compared to $13 million in Q1 2026 and Q2 2025.

The allowance for credit losses on loans and leases was $164 million at June 30, 2026, compared to $161 million at March 31, 2026 and $147 million at June 30, 2025.

Non-performing loans at June 30, 2026 increased to 0.31% of total loans and leases, compared to 0.27% at March 31, 2026 and 0.18% at June 30, 2025. Nonperforming loans include the guaranteed portion of SBA loans. As of June 30, 2026, nonperforming loans totaled $56 million, of which approximately $12 million represents the government-guaranteed portion. Excluding the government-guaranteed portion, nonperforming loans totaled approximately $44 million, representing 0.24% of total loans and leases.

Key Profitability Trends

Net Interest Income

Net interest income totaled $193.4 million in Q2 2026, an increase of $2.0 million from Q1 2026. This increase was driven by an increase in interest income mainly from C&I specialized lending, partially offset by an increase in interest expense primarily due to a shift in deposit mix and net draws of FHLB advances.

“Net interest income increased 9% year-over-year in the second quarter of 2026. As we previously communicated, we expect the second quarter to represent the trough in our net interest margin, with a rebound to roughly Q1 2026 levels in Q3 2026 and additional expansion in Q4 2026. This trajectory is driven by expected continued low-cost deposit gathering and robust loan growth,” stated Customers Bancorp CFO Mark McCollom.

Net interest income totaled $193.4 million in Q2 2026, an increase of $16.7 million from Q2 2025. This increase was primarily due to higher interest income mainly from C&I specialized lending.

Non-Interest Income

Reported non-interest income totaled $34.0 million for Q2 2026, a decrease of $0.3 million compared to $34.3 million for Q1 2026. The slight decrease was primarily due to decreases of $1.8 million in loan fees mainly from lower gains on stock warrants and $0.9 million in bank-owned life insurance due to lower death benefits. These decreases were partially offset by an increase of $2.6 million in other non-interest income mainly due to a decrease in loss on equity investments and an increase in income from supplemental executive retirement plan (SERP) assets and derivatives.

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Non-interest income totaled $34.0 million for Q2 2026, an increase of $4.4 million compared to Q2 2025. The increase was primarily due to increases in commercial lease income of $4.3 million and $1.1 million in net gain on sale of loans and leases mainly from the sale of SBA loans, and $1.8 million of net loss on sale of investment securities in Q2 2025, partially offset by a decrease of $2.6 million in other non-interest income primarily from $1.8 million of fees associated with the sunsetting of a loan origination program with a fintech company in Q2 2025.

Non-Interest Expense

Non-interest expenses totaled $114.9 million in Q2 2026, an increase of $2.9 million compared to Q1 2026. The increase was primarily attributable to increases of $4.7 million in salaries and employee benefits mainly due to annual merit increases, higher headcount, $1.0 million in severance expense and higher SERP liability, $1.2 million in technology, communication and bank operations mainly for software and $2.8 million in other non-interest expenses mainly for business development, non-capitalizable loan origination expenses and provision for unfunded lending-related commitments, partially offset by decreases of $3.6 million in FDIC assessments, non-income taxes and regulatory fees and $1.7 million in professional fees.

“In Q2 2026, we had $1.0 million of severance expense and even with this impact, we continued to demonstrate strong expense discipline while investing in our future. We successfully achieved our upsized operational excellence goal of $30 million in annual run rate revenue enhancements and expense savings providing capacity for further investment in the franchise. Importantly we are driving significant positive operating leverage with core revenue* growth of 13% and core expense* growth of only 8% in the six months ended June 30, 2026 compared to 2025. This drove an approximately 200 basis point decline in our core efficiency ratio* over that same time period,” stated Mark McCollom.

Non-interest expenses totaled $114.9 million in Q2 2026, an increase of $8.3 million compared to Q2 2025. The increase was primarily attributable to increases of $10.2 million in salaries and employee benefits and $4.0 million in commercial lease depreciation associated with the Bank’s continued growth, $2.5 million in technology, communication and bank operations mainly for software and processing fees, and $3.1 million in other non-interest expenses mainly due to business development and non-capitalizable loan origination expenses. These increases were partially offset by decreases of $7.3 million in FDIC assessments, non-income taxes and regulatory fees and $3.8 million in professional fees.

Taxes

Income tax expense was $17.9 million in Q2 2026, down from $20.7 million in Q1 2026 and slightly lower than $18.0 million in Q2 2025. The decrease reflects favorable permanent tax differences, partly offset by higher state and local income tax expense. The effective tax rate was 20% for Q2 2026.

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Outlook

“We were very pleased with the start to 2026 and remain focused on executing in those areas which differentiate us from our peers. We believe that truly exceptional service, sophisticated product offerings, recruitment of top talent, exceptional payment capabilities, and a single point of contact service model will deliver sustainable long-term growth. We are reaffirming our full-year 2026 guidance across all metrics.

We expect to continue to execute across the company’s four top priorities for 2026. First, on AI and automation, we expect to see meaningful progress on our “top down” priorities including broad deployment of the seven day loan closing agentic tool, onboarding complex commercial deposit accounts in minutes not hours, and launching new business lines in our payment vertical. We also expect further benefits from “bottoms up” use cases as they drive increased revenue and improved productivity through team member hours saved. Second, we expect our payments capabilities to continue to expand, driven by the new industries and use cases we are serving and by strengthening relationships with existing clients through expanded product offerings. Third, we are confident in our ability to continue to deliver above industry average loan and deposit portfolio growth and build upon our successful team recruitment strategy. And fourth, we will seek to accomplish these initiatives while operating with a high standard of regulatory and risk management excellence and maintaining a strong capital base, liquidity, and credit quality.

We believe we are incredibly well positioned to continue to achieve these goals and deliver excellent client service and strong financial performance in 2026 and beyond,” concluded Sam Sidhu.

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Webcast

Date: Friday, July 24, 2026

Time: 9:00 AM EDT

The live audio webcast, presentation slides, and earnings press release will be made available at https://www.customersbank.com and at the Customers Bancorp 2nd Quarter Earnings Webcast.

You may submit questions in advance of the live webcast by emailing our Chief Marketing Officer, Laura Vele at lvele@customersbank.com.

The webcast will be archived for viewing on the Customers Bank Investor Relations page and available beginning approximately two hours after the conclusion of the live event.

Institutional Background

Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation’s top-performing banking companies with approximately $27 billion in assets making it one of the 80 largest bank holding companies in the U.S. Customers Bank’s commercial and consumer clients benefit from a full suite of technology-enabled tailored product experiences delivered by best-in-class customer service distinguished by a Single Point of Contact approach. In addition to traditional lines such as C&I, commercial real estate, and residential and personal lending, Customers Bank also provides a number of national corporate banking services to clients in businesses including: fund finance, venture banking, healthcare, mortgage finance, and equipment finance. Major accolades include:

• Named a Top 10 Performing Bank by American Banker for five consecutive years (2021-2025), including the #1 spot in 2024 among midsize banks ($10B to $50B in assets)

• No. 45 out of the 100 largest publicly traded banks in 2026 Forbes Best Banks list

• Net Promoter Score of 81 compared to industry average of 41

A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender. Learn more: www.customersbank.com.

“Safe Harbor” Statement

In addition to historical information, this press release may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements with respect to Customers Bancorp, Inc.’s strategies, goals, beliefs, expectations, estimates, intentions, capital raising efforts, financial condition and results of operations, future performance and business. Statements preceded by, followed by, or that include the words “may,” “could,” “should,” “pro forma,” “looking forward,” “would,” “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “project,” or similar expressions generally indicate a forward-looking statement. These forward-looking statements involve risks and uncertainties that are subject to change based on various important factors (some of which, in whole or in part, are beyond Customers Bancorp, Inc.’s control). Numerous competitive, economic, regulatory, legal and technological events and factors, among others, could cause Customers Bancorp, Inc.’s financial performance to differ materially from the goals, plans, objectives, intentions and expectations expressed in such forward-looking statements, including: a continuation of the recent turmoil in the banking industry, responsive measures taken by us and regulatory authorities to mitigate and manage related risks, regulatory actions taken that address related issues and the costs and obligations associated therewith, such as the FDIC special assessments; the potential for negative consequences resulting from regulatory violations, investigations and examinations, including potential supervisory actions, the assessment of fines and penalties, the imposition of sanctions, the need to undertake remedial actions and possible damage to our reputation; effects of competition on deposit rates and growth, loan rates and growth and net interest margin; failure to identify and adequately and promptly address cybersecurity risks, including data breaches and cyberattacks; public health crises and pandemics and their effects on the economic and business environments in which we operate; geopolitical conditions, including acts or threats of terrorism, actions taken by the United States or other governments in response to acts or

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threats of terrorism and military conflicts, including the war between Russia and Ukraine and ongoing conflict in the Middle East, which could impact economic conditions in the United States; the impact that changes in the economy have on the performance of our loan and lease portfolio, the market value of our investment securities, the demand for our products and services and the availability of sources of funding; the effects of actions by the federal government, including the Board of Governors of the Federal Reserve System and other government agencies, that affect market interest rates and the money supply; actions that we and our customers take in response to these developments and the effects such actions have on our operations, products, services and customer relationships; higher inflation and its impacts; the effects of changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs on its trading partners; and the effects of any changes in accounting standards or policies. Customers Bancorp, Inc. cautions that the foregoing factors are not exclusive, and neither such factors nor any such forward-looking statement takes into account the impact of any future events. All forward-looking statements and information set forth herein are based on management’s current beliefs and assumptions as of the date hereof and speak only as of the date they are made. For a more complete discussion of the assumptions, risks and uncertainties related to our business, you are encouraged to review Customers Bancorp, Inc.’s filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K for the year ended December 31, 2025, subsequently filed quarterly reports on Form 10-Q and current reports on Form 8-K, including any amendments thereto, that update or provide information in addition to the information included in the Form 10-K and Form 10-Q filings, if any. Customers Bancorp, Inc. does not undertake to update any forward-looking statement whether written or oral, that may be made from time to time by Customers Bancorp, Inc. or by or on behalf of Customers Bank, except as may be required under applicable law.

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CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
FINANCIAL HIGHLIGHTS - UNAUDITED
(Dollars in thousands, except per share data) | Q2 | Q1 | Q4 | Q3 | Q2 | Six Months Ended June 30,
2026 | 2026 | 2025 | 2025 | 2025 | 2026 | 2025
GAAP Profitability Metrics:
Net income available to common shareholders | $ | 71,560 | $ | 69,653 | $ | 70,088 | $ | 73,726 | $ | 55,846 | $ | 141,213 | $ | 65,369
Per share amounts:
Earnings per share - diluted | $ | 2.05 | $ | 1.97 | $ | 1.98 | $ | 2.20 | $ | 1.73 | $ | 4.02 | $ | 2.02
Book value per common share | $ | 65.31 | $ | 63.64 | $ | 61.87 | $ | 59.83 | $ | 56.36 | $ | 65.31 | $ | 56.36
Return on average assets (“ROAA”) | 1.13 | % | 1.13 | % | 1.20 | % | 1.26 | % | 1.09 | % | 1.13 | % | 0.67 | %
Return on average common equity (“ROCE”) | 13.22 | % | 13.16 | % | 13.28 | % | 15.57 | % | 12.79 | % | 13.19 | % | 7.57 | %
Net interest margin, tax equivalent | 3.17 | % | 3.22 | % | 3.40 | % | 3.46 | % | 3.27 | % | 3.19 | % | 3.20 | %
Efficiency ratio | 50.55 | % | 49.68 | % | 49.52 | % | 45.39 | % | 51.23 | % | 50.12 | % | 52.06 | %
Non-GAAP Profitability Metrics (1) :
Core earnings | $ | 71,457 | $ | 69,445 | $ | 72,851 | $ | 73,473 | $ | 58,147 | $ | 140,902 | $ | 108,149
Per share amounts:
Core earnings per share - diluted | $ | 2.05 | $ | 1.97 | $ | 2.06 | $ | 2.20 | $ | 1.80 | $ | 4.01 | $ | 3.33
Tangible book value per common share | $ | 65.20 | $ | 63.54 | $ | 61.77 | $ | 59.72 | $ | 56.24 | $ | 65.20 | $ | 56.24
Core ROAA | 1.13 | % | 1.13 | % | 1.19 | % | 1.25 | % | 1.10 | % | 1.13 | % | 1.04 | %
Core ROCE | 13.20 | % | 13.12 | % | 13.81 | % | 15.52 | % | 13.32 | % | 13.16 | % | 12.53 | %
Core efficiency ratio | 50.55 | % | 49.68 | % | 49.52 | % | 45.40 | % | 51.56 | % | 50.12 | % | 52.11 | %
Balance Sheet Trends:
Total assets | $ | 26,520,789 | $ | 25,880,767 | $ | 24,895,868 | $ | 24,260,163 | $ | 22,550,800 | $ | 26,520,789 | $ | 22,550,800
Total cash and investment securities | $ | 7,437,163 | $ | 7,454,901 | $ | 7,078,243 | $ | 6,997,783 | $ | 6,234,043 | $ | 7,437,163 | $ | 6,234,043
Total loans and leases | $ | 18,015,300 | $ | 17,391,546 | $ | 16,782,516 | $ | 16,303,147 | $ | 15,412,400 | $ | 18,015,300 | $ | 15,412,400
Non-interest bearing demand deposits | $ | 6,913,804 | $ | 6,739,713 | $ | 6,303,748 | $ | 6,380,879 | $ | 5,481,065 | $ | 6,913,804 | $ | 5,481,065
Total deposits | $ | 21,732,897 | $ | 21,592,645 | $ | 20,778,704 | $ | 20,405,023 | $ | 18,976,018 | $ | 21,732,897 | $ | 18,976,018
Asset Quality:
Net charge-offs | $ | 14,579 | $ | 13,255 | $ | 13,749 | $ | 15,371 | $ | 13,115 | $ | 27,834 | $ | 30,259
Annualized net charge-offs to average total loans and leases | 0.34 | % | 0.32 | % | 0.33 | % | 0.39 | % | 0.35 | % | 0.33 | % | 0.41 | %
Nonaccrual / non-performing loans (“NPLs”) | $ | 56,022 | $ | 47,818 | $ | 43,688 | $ | 28,421 | $ | 28,443 | $ | 56,022 | $ | 28,443
NPLs to total loans and leases | 0.31 | % | 0.27 | % | 0.26 | % | 0.17 | % | 0.18 | % | 0.31 | % | 0.18 | %
Reserves to NPLs | 292.93 | % | 336.61 | % | 356.29 | % | 534.14 | % | 518.29 | % | 292.93 | % | 518.29 | %
Non-performing assets (“NPAs”) | $ | 85,661 | $ | 74,737 | $ | 72,344 | $ | 61,057 | $ | 60,778 | $ | 85,661 | $ | 60,778
NPAs to total assets | 0.32 | % | 0.29 | % | 0.29 | % | 0.25 | % | 0.27 | % | 0.32 | % | 0.27 | %

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CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
FINANCIAL HIGHLIGHTS - UNAUDITED (CONTINUED)
(Dollars in thousands, except per share data) | Q2 | Q1 | Q4 | Q3 | Q2 | Six Months Ended June 30,
2026 | 2026 | 2025 | 2025 | 2025 | 2026 | 2025
Capital Metrics:
Common equity to total assets | 8.3 | % | 8.3 | % | 8.5 | % | 8.4 | % | 7.9 | % | 8.3 | % | 7.9 | %
Tangible common equity to tangible assets (1) | 8.3 | % | 8.3 | % | 8.5 | % | 8.4 | % | 7.9 | % | 8.3 | % | 7.9 | %
Common equity Tier 1 capital ratio (2) | 12.8 | % | 12.89 | % | 12.99 | % | 13.00 | % | 12.05 | % | 12.8 | % | 12.05 | %
Total risk based capital ratio (2) | 14.8 | % | 14.88 | % | 15.39 | % | 15.35 | % | 14.49 | % | 14.8 | % | 14.49 | %
Customers Bank Capital Ratios (2) :
Common equity Tier 1 capital to risk-weighted assets | 13.5 | % | 13.78 | % | 13.25 | % | 13.22 | % | 13.00 | % | 13.5 | % | 13.00 | %
Total capital to risk-weighted assets | 14.5 | % | 14.77 | % | 14.62 | % | 14.60 | % | 14.43 | % | 14.5 | % | 14.43 | %
Tier 1 capital to average assets (leverage ratio) | 9.3 | % | 9.37 | % | 8.90 | % | 8.84 | % | 8.86 | % | 9.4 | % | 8.86 | %
Share amounts:
Average shares outstanding - basic | 33,796,369 | 34,080,834 | 34,170,777 | 32,340,813 | 31,585,390 | 33,937,816 | 31,516,887
Average shares outstanding - diluted | 34,905,731 | 35,313,835 | 35,396,324 | 33,460,055 | 32,374,061 | 35,108,656 | 32,431,995
Shares outstanding | 33,772,598 | 33,692,632 | 34,191,223 | 34,163,506 | 31,606,934 | 33,772,598 | 31,606,934
(1) Customers’ reasons for the use of these non-GAAP measures and a detailed reconciliation between the non-GAAP measures and the comparable GAAP amounts are included at the end of this document.
(2) Regulatory capital ratios are estimated for Q2 2026 and actual for the remaining periods.

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CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED
(Dollars in thousands, except per share data) | Six Months Ended
Q2 | Q1 | Q4 | Q3 | Q2 | June 30,
2026 | 2026 | 2025 | 2025 | 2025 | 2026 | 2025
Interest income:
Loans and leases | $ | 268,628 | $ | 258,734 | $ | 274,752 | $ | 272,131 | $ | 246,869 | $ | 527,362 | $ | 477,877
Investment securities | 34,727 | 32,141 | 31,979 | 36,091 | 37,381 | 66,868 | 71,720
Interest earning deposits | 37,628 | 41,830 | 44,862 | 49,639 | 39,972 | 79,458 | 82,886
Loans held for sale | 1,280 | 1,235 | 1,432 | 1,589 | 1,806 | 2,515 | 6,567
Other | 2,394 | 2,372 | 2,173 | 2,029 | 1,973 | 4,766 | 3,860
Total interest income | 344,657 | 336,312 | 355,198 | 361,479 | 328,001 | 680,969 | 642,910
Interest expense:
Deposits | 130,296 | 126,126 | 131,797 | 141,983 | 134,045 | 256,422 | 265,353
FHLB advances | 17,109 | 12,935 | 14,490 | 12,945 | 12,717 | 30,044 | 24,518
Subordinated debt | 2,723 | 4,621 | 3,355 | 3,251 | 3,229 | 7,344 | 6,441
Federal funds purchased | 99 | 13 | — | — | — | 112 | —
Other borrowings | 1,064 | 1,266 | 1,128 | 1,388 | 1,307 | 2,330 | 2,449
Total interest expense | 151,291 | 144,961 | 150,770 | 159,567 | 151,298 | 296,252 | 298,761
Net interest income | 193,366 | 191,351 | 204,428 | 201,912 | 176,703 | 384,717 | 344,149
Provision for credit losses | 23,067 | 23,372 | 22,337 | 26,543 | 20,781 | 46,439 | 49,078
Net interest income after provision for credit losses | 170,299 | 167,979 | 182,091 | 175,369 | 155,922 | 338,278 | 295,071
Non-interest income:
Commercial lease income | 15,392 | 15,418 | 14,186 | 11,536 | 11,056 | 30,810 | 21,724
Loan fees | 8,673 | 10,506 | 7,420 | 11,443 | 9,106 | 19,179 | 16,341
Bank-owned life insurance | 2,213 | 3,084 | 2,189 | 2,165 | 2,249 | 5,297 | 6,909
Mortgage finance transactional fees | 1,332 | 1,306 | 1,339 | 1,298 | 1,175 | 2,638 | 2,108
Net gain (loss) on sale of loans and leases | 1,061 | 1,044 | (62) | — | — | 2,105 | 2
Net gain (loss) on sale of investment securities | 154 | 355 | (27) | 186 | (1,797) | 509 | (1,797)
Impairment loss on debt securities | — | — | — | — | — | — | (51,319)
Other | 5,218 | 2,603 | 7,471 | 3,563 | 7,817 | 7,821 | 11,148
Total non-interest income | 34,043 | 34,316 | 32,516 | 30,191 | 29,606 | 68,359 | 5,116
Non-interest expense:
Salaries and employee benefits | 56,037 | 51,294 | 51,744 | 48,723 | 45,848 | 107,331 | 88,522
Technology, communication and bank operations | 12,891 | 11,643 | 11,388 | 10,415 | 10,382 | 24,534 | 21,694
Commercial lease depreciation | 12,761 | 12,692 | 11,668 | 9,463 | 8,743 | 25,453 | 17,206
Professional services | 10,024 | 11,695 | 12,390 | 12,281 | 13,850 | 21,719 | 25,707
Loan servicing | 3,710 | 3,859 | 4,050 | 4,167 | 4,053 | 7,569 | 8,683
Occupancy | 3,495 | 3,956 | 4,291 | 4,370 | 3,551 | 7,451 | 6,963
FDIC assessments, non-income taxes and regulatory fees | 4,585 | 8,215 | 9,023 | 8,505 | 11,906 | 12,800 | 23,656
Advertising and promotion | 481 | 554 | 812 | 636 | 461 | 1,035 | 989
Other | 10,907 | 8,080 | 11,943 | 6,657 | 7,832 | 18,987 | 15,977
Total non-interest expense | 114,891 | 111,988 | 117,309 | 105,217 | 106,626 | 226,879 | 209,397
Income before income tax expense | 89,451 | 90,307 | 97,298 | 100,343 | 78,902 | 179,758 | 90,790
Income tax expense | 17,891 | 20,654 | 22,806 | 24,598 | 17,963 | 38,545 | 16,939
Net income | 71,560 | 69,653 | 74,492 | 75,745 | 60,939 | 141,213 | 73,851
Preferred stock dividends | — | — | 1,605 | 2,019 | 3,185 | — | 6,574
Loss on redemption of preferred stock | — | — | 2,799 | — | 1,908 | — | 1,908
Net income available to common shareholders | $ | 71,560 | $ | 69,653 | $ | 70,088 | $ | 73,726 | $ | 55,846 | $ | 141,213 | $ | 65,369
Basic earnings per common share | $ | 2.12 | $ | 2.04 | $ | 2.05 | $ | 2.28 | $ | 1.77 | $ | 4.16 | $ | 2.07
Diluted earnings per common share | 2.05 | 1.97 | 1.98 | 2.20 | 1.73 | 4.02 | 2.02

11

CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET - UNAUDITED
(Dollars in thousands)
June 30, | March 31, | December 31, | September 30, | June 30,
2026 | 2026 | 2025 | 2025 | 2025
ASSETS
Cash and due from banks | $ | 85,546 | $ | 89,153 | $ | 62,051 | $ | 57,951 | $ | 72,986
Interest earning deposits | 4,093,306 | 4,709,051 | 4,349,412 | 4,127,688 | 3,430,525
Cash and cash equivalents | 4,178,852 | 4,798,204 | 4,411,463 | 4,185,639 | 3,503,511
Investment securities, at fair value | 2,626,717 | 1,993,152 | 1,937,646 | 2,010,820 | 1,877,406
Investment securities held to maturity | 631,594 | 663,545 | 729,134 | 801,324 | 853,126
Loans held for sale | 58,611 | 20,282 | 26,102 | 30,897 | 32,963
Loans and leases receivable | 16,217,068 | 15,519,493 | 15,041,340 | 14,673,636 | 13,719,829
Loans receivable, mortgage finance, at fair value | 1,654,795 | 1,758,685 | 1,612,997 | 1,486,978 | 1,536,254
Loans receivable, installment, at fair value | 84,826 | 93,086 | 102,077 | 111,636 | 123,354
Allowance for credit losses on loans and leases | (164,106) | (160,962) | (155,656) | (151,809) | (147,418)
Total loans and leases receivable, net of allowance for credit losses on loans and leases | 17,792,583 | 17,210,302 | 16,600,758 | 16,120,441 | 15,232,019
FHLB, Federal Reserve Bank, and other restricted stock | 144,971 | 117,880 | 110,411 | 103,290 | 100,590
Accrued interest receivable | 103,125 | 105,002 | 103,626 | 106,379 | 101,481
Bank premises and equipment, net | 19,773 | 15,749 | 16,745 | 15,340 | 5,978
Bank-owned life insurance | 310,312 | 306,927 | 305,503 | 303,212 | 300,747
Other real estate owned | 12,568 | 12,506 | 12,432 | 12,432 | 12,306
Goodwill and other intangibles | 3,629 | 3,629 | 3,629 | 3,629 | 3,629
Other assets | 638,054 | 633,589 | 638,419 | 566,760 | 527,044
Total assets | $ | 26,520,789 | $ | 25,880,767 | $ | 24,895,868 | $ | 24,260,163 | $ | 22,550,800
LIABILITIES AND SHAREHOLDERS’ EQUITY
Demand, non-interest bearing deposits | $ | 6,913,804 | $ | 6,739,713 | $ | 6,303,748 | $ | 6,380,879 | $ | 5,481,065
Interest bearing deposits | 14,819,093 | 14,852,932 | 14,474,956 | 14,024,144 | 13,494,953
Total deposits | 21,732,897 | 21,592,645 | 20,778,704 | 20,405,023 | 18,976,018
Federal funds purchased | — | 70,000 | — | — | —
FHLB advances | 2,059,163 | 1,561,655 | 1,325,068 | 1,195,437 | 1,195,377
Other borrowings | 99,278 | 99,243 | 99,208 | 99,173 | 99,138
Subordinated debt | 171,741 | 171,614 | 281,147 | 182,718 | 182,649
Accrued interest payable and other liabilities | 252,018 | 241,310 | 296,224 | 251,753 | 234,060
Total liabilities | 24,315,097 | 23,736,467 | 22,780,351 | 22,134,104 | 20,687,242
Preferred stock | — | — | — | 82,201 | 82,201
Common stock | 36,485 | 36,312 | 36,189 | 36,161 | 36,123
Additional paid in capital | 669,114 | 669,112 | 666,756 | 662,252 | 572,473
Retained earnings | 1,676,407 | 1,604,847 | 1,535,194 | 1,465,106 | 1,391,380
Accumulated other comprehensive income (loss), net | (58,346) | (54,657) | (54,050) | (51,089) | (71,325)
Treasury stock, at cost | (117,968) | (111,314) | (68,572) | (68,572) | (147,294)
Total shareholders’ equity | 2,205,692 | 2,144,300 | 2,115,517 | 2,126,059 | 1,863,558
Total liabilities and shareholders’ equity | $ | 26,520,789 | $ | 25,880,767 | $ | 24,895,868 | $ | 24,260,163 | $ | 22,550,800

12

CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
AVERAGE BALANCE SHEET / NET INTEREST MARGIN - UNAUDITED
(Dollars in thousands)
Three Months Ended
June 30, 2026 | March 31, 2026 | June 30, 2025
Average Balance | Interest Income or Expense | Average Yield or Cost (%) | Average Balance | Interest Income or Expense | Average Yield or Cost (%) | Average Balance | Interest Income or Expense | Average Yield or Cost (%)
Assets
Interest earning deposits | $ | 4,064,683 | $ | 37,628 | 3.66% | $ | 4,492,897 | $ | 41,830 | 3.78% | $ | 3,565,168 | $ | 39,972 | 4.50%
Investment securities (1) | 2,982,966 | 34,727 | 4.66% | 2,735,786 | 32,141 | 4.70% | 2,890,878 | 37,381 | 5.19%
Loans and leases:
Commercial & industrial:
Specialized lending loans and leases (2) | 8,274,803 | 139,664 | 6.77% | 7,863,238 | 132,861 | 6.85% | 6,785,684 | 126,854 | 7.50%
Other commercial & industrial loans (2) | 1,478,857 | 22,160 | 6.01% | 1,450,962 | 24,202 | 6.76% | 1,484,528 | 25,862 | 6.99%
Mortgage finance loans | 1,590,328 | 17,078 | 4.31% | 1,513,914 | 16,250 | 4.35% | 1,501,484 | 18,349 | 4.90%
Multifamily loans | 2,492,956 | 29,118 | 4.68% | 2,494,849 | 28,249 | 4.59% | 2,317,381 | 25,281 | 4.38%
Non-owner occupied commercial real estate loans | 2,003,968 | 29,842 | 5.97% | 1,907,541 | 27,711 | 5.89% | 1,581,087 | 23,003 | 5.84%
Residential mortgages | 527,816 | 6,265 | 4.75% | 524,282 | 6,240 | 4.77% | 537,008 | 6,344 | 4.74%
Installment loans | 947,935 | 25,781 | 10.91% | 912,090 | 24,456 | 10.87% | 879,972 | 22,982 | 10.48%
Total loans and leases (3) | 17,316,663 | 269,908 | 6.25% | 16,666,876 | 259,969 | 6.32% | 15,087,144 | 248,675 | 6.61%
Other interest-earning assets | 174,621 | 2,394 | 5.50% | 156,894 | 2,372 | 6.13% | 133,824 | 1,973 | 5.91%
Total interest-earning assets | 24,538,933 | 344,657 | 5.62% | 24,052,453 | 336,312 | 5.66% | 21,677,014 | 328,001 | 6.07%
Non-interest-earning assets | 828,466 | 868,524 | 685,975
Total assets | $ | 25,367,399 | $ | 24,920,977 | $ | 22,362,989
Liabilities
Interest checking accounts | $ | 5,075,436 | $ | 41,077 | 3.25% | $ | 4,993,616 | $ | 40,023 | 3.25% | $ | 4,935,587 | $ | 47,245 | 3.84%
Money market deposit accounts | 4,593,765 | 39,880 | 3.48% | 4,364,149 | 36,640 | 3.40% | 4,137,035 | 40,397 | 3.92%
Other savings accounts | 1,655,029 | 13,943 | 3.38% | 1,579,730 | 13,580 | 3.49% | 1,325,639 | 12,767 | 3.86%
Certificates of deposit | 3,438,721 | 35,396 | 4.13% | 3,456,664 | 35,883 | 4.21% | 2,852,645 | 33,636 | 4.73%
Total interest-bearing deposits (4) | 14,762,951 | 130,296 | 3.54% | 14,394,159 | 126,126 | 3.55% | 13,250,906 | 134,045 | 4.06%
Federal funds purchased | 10,659 | 99 | 3.75% | 1,367 | 13 | 3.73% | — | — | —%
Borrowings | 1,989,478 | 20,896 | 4.21% | 1,712,498 | 18,822 | 4.46% | 1,417,370 | 17,253 | 4.88%
Total interest-bearing liabilities | 16,763,088 | 151,291 | 3.62% | 16,108,024 | 144,961 | 3.65% | 14,668,276 | 151,298 | 4.14%
Non-interest-bearing deposits (4) | 6,183,251 | 6,393,947 | 5,593,581
Total deposits and borrowings | 22,946,339 | 2.64% | 22,501,971 | 2.61% | 20,261,857 | 2.99%
Other non-interest-bearing liabilities | 249,563 | 272,488 | 221,465
Total liabilities | 23,195,902 | 22,774,459 | 20,483,322
Shareholders’ equity | 2,171,497 | 2,146,518 | 1,879,667
Total liabilities and shareholders’ equity | $ | 25,367,399 | $ | 24,920,977 | $ | 22,362,989
Net interest income | 193,366 | 191,351 | 176,703
Tax-equivalent adjustment | 790 | 257 | 366
Net interest earnings | $ | 194,156 | $ | 191,608 | $ | 177,069
Interest spread | 2.98% | 3.05% | 3.07%
Net interest margin | 3.15% | 3.22% | 3.27%
Net interest margin tax equivalent (5) | 3.17% | 3.22% | 3.27%
(1) For presentation in this table, average balances and the corresponding average yields for investment securities are based upon historical cost, adjusted for amortization of premiums and accretion of discounts.
(2) Includes owner occupied commercial real estate loans.
(3) Includes non-accrual loans, the effect of which is to reduce the yield earned on loans and leases, and deferred loan fees.
(4) Total costs of deposits (including interest bearing and non-interest bearing) were 2.50%, 2.46% and 2.85% for the three months ended June 30, 2026, March 31, 2026 and June 30, 2025, respectively.
(5) Tax-equivalent basis, using an estimated marginal tax rate of 21% for the three months ended June 30, 2026 and March 31, 2026 and 26% for the three months ended June 30, 2025, presented to approximate interest income as a taxable asset.

13

CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
AVERAGE BALANCE SHEET / NET INTEREST MARGIN - UNAUDITED (CONTINUED)
(Dollars in thousands)
Six Months Ended
June 30, 2026 | June 30, 2025
Average Balance | Interest Income or Expense | Average Yield or Cost (%) | Average Balance | Interest Income or Expense | Average Yield or Cost (%)
Assets
Interest earning deposits | $ | 4,278,663 | $ | 79,458 | 3.69% | $ | 3,710,585 | $ | 82,886 | 4.50%
Investment securities (1) | 2,860,058 | 66,868 | 4.68% | 2,995,074 | 71,720 | 4.83%
Loans and leases:
Commercial & industrial:
Specialized lending loans and leases (2) | 8,070,098 | 272,525 | 6.81% | 6,630,720 | 247,805 | 7.54%
Other commercial & industrial loans (2) | 1,465,556 | 46,362 | 6.38% | 1,513,526 | 49,795 | 6.63%
Mortgage finance loans | 1,552,332 | 33,328 | 4.33% | 1,377,730 | 33,101 | 4.85%
Multifamily loans | 2,493,897 | 57,367 | 4.64% | 2,295,757 | 48,945 | 4.30%
Non-owner occupied commercial real estate loans | 1,956,021 | 57,553 | 5.93% | 1,565,815 | 44,567 | 5.74%
Residential mortgages | 526,065 | 12,505 | 4.76% | 533,828 | 12,572 | 4.75%
Installment loans | 930,112 | 50,237 | 10.90% | 908,922 | 47,659 | 10.57%
Total loans and leases (3) | 16,994,081 | 529,877 | 6.29% | 14,826,298 | 484,444 | 6.59%
Other interest-earning assets | 165,796 | 4,766 | 5.80% | 130,825 | 3,860 | 5.95%
Total interest-earning assets | 24,298,598 | 680,969 | 5.64% | 21,662,782 | 642,910 | 5.98%
Non-interest-earning assets | 846,849 | 676,326
Total assets | $ | 25,145,447 | $ | 22,339,108
Liabilities
Interest checking accounts | $ | 5,034,752 | $ | 81,100 | 3.25% | $ | 5,145,729 | $ | 97,148 | 3.81%
Money market deposit accounts | 4,479,969 | 76,520 | 3.44% | 4,010,647 | 78,164 | 3.93%
Other savings accounts | 1,617,588 | 27,523 | 3.43% | 1,239,021 | 23,458 | 3.82%
Certificates of deposit | 3,447,665 | 71,279 | 4.17% | 2,801,467 | 66,583 | 4.79%
Total interest-bearing deposits (4) | 14,579,974 | 256,422 | 3.55% | 13,196,864 | 265,353 | 4.05%
Federal funds purchased | 6,039 | 112 | 3.75% | — | — | —%
Borrowings | 1,851,753 | 39,718 | 4.33% | 1,382,349 | 33,408 | 4.87%
Total interest-bearing liabilities | 16,437,766 | 296,252 | 3.63% | 14,579,213 | 298,761 | 4.13%
Non-interest-bearing deposits (4) | 6,288,017 | 5,651,789
Total deposits and borrowings | 22,725,783 | 2.63% | 20,231,002 | 2.98%
Other non-interest-bearing liabilities | 260,535 | 233,891
Total liabilities | 22,986,318 | 20,464,893
Shareholders’ equity | 2,159,129 | 1,874,215
Total liabilities and shareholders’ equity | $ | 25,145,447 | $ | 22,339,108
Net interest income | 384,717 | 344,149
Tax-equivalent adjustment | 1,047 | 729
Net interest earnings | $ | 385,764 | $ | 344,878
Interest spread | 3.01% | 3.00%
Net interest margin | 3.18% | 3.20%
Net interest margin tax equivalent (5) | 3.19% | 3.20%
(1) For presentation in this table, average balances and the corresponding average yields for investment securities are based upon historical cost, adjusted for amortization of premiums and accretion of discounts.
(2) Includes owner occupied commercial real estate loans.
(3) Includes non-accrual loans, the effect of which is to reduce the yield earned on loans and leases, and deferred loan fees.
(4) Total costs of deposits (including interest bearing and non-interest bearing) were 2.48% and 2.84% for the six months ended June 30, 2026 and 2025, respectively.
(5) Tax-equivalent basis, using an estimated marginal tax rate of 21% for the six months ended June 30, 2026 and 26% for the six months ended June 30, 2025, presented to approximate interest income as a taxable asset.

14

CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
PERIOD END LOAN AND LEASE COMPOSITION - UNAUDITED
(Dollars in thousands)
June 30, | March 31, | December 31, | September 30, | June 30,
2026 | 2026 | 2025 | 2025 | 2025
Loans and leases held for investment
Commercial:
Commercial & industrial:
Specialized lending | $ | 7,650,758 | $ | 7,398,205 | $ | 7,090,087 | $ | 7,083,620 | $ | 6,454,661
Other commercial & industrial | 1,103,797 | 1,003,750 | 1,033,704 | 1,056,173 | 1,037,684
Mortgage finance | 1,730,041 | 1,831,408 | 1,700,380 | 1,577,038 | 1,625,764
Multifamily | 2,623,964 | 2,510,697 | 2,490,336 | 2,356,590 | 2,247,282
Commercial real estate owner occupied | 1,270,575 | 1,279,501 | 1,135,119 | 1,058,741 | 1,065,006
Commercial real estate non-owner occupied | 1,888,040 | 1,742,989 | 1,738,821 | 1,582,332 | 1,497,385
Construction | 216,832 | 204,999 | 162,966 | 123,290 | 98,626
Total commercial loans and leases | 16,484,007 | 15,971,549 | 15,351,413 | 14,837,784 | 14,026,408
Consumer:
Residential | 508,187 | 495,458 | 497,567 | 514,544 | 520,570
Manufactured housing | 24,763 | 26,065 | 27,452 | 28,749 | 30,287
Installment:
Personal | 647,149 | 599,302 | 581,340 | 570,768 | 457,728
Other | 292,583 | 278,890 | 298,642 | 320,405 | 344,444
Total installment loans | 939,732 | 878,192 | 879,982 | 891,173 | 802,172
Total consumer loans | 1,472,682 | 1,399,715 | 1,405,001 | 1,434,466 | 1,353,029
Total loans and leases held for investment | $ | 17,956,689 | $ | 17,371,264 | $ | 16,756,414 | $ | 16,272,250 | $ | 15,379,437
Loans held for sale
Commercial:
Commercial real estate non-owner occupied | $ | — | $ | — | $ | — | $ | 4,700 | $ | —
Total commercial loans and leases | — | — | — | 4,700 | —
Consumer:
Residential | 2,528 | 1,767 | 1,851 | 2,229 | 5,180
Installment:
Personal | 53,101 | 17,056 | 23,357 | 23,728 | 27,682
Other | 2,982 | 1,459 | 894 | 240 | 101
Total installment loans | 56,083 | 18,515 | 24,251 | 23,968 | 27,783
Total consumer loans | 58,611 | 20,282 | 26,102 | 26,197 | 32,963
Total loans held for sale | $ | 58,611 | $ | 20,282 | $ | 26,102 | $ | 30,897 | $ | 32,963
Total loans and leases portfolio | $ | 18,015,300 | $ | 17,391,546 | $ | 16,782,516 | $ | 16,303,147 | $ | 15,412,400
CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
PERIOD END DEPOSIT COMPOSITION - UNAUDITED
(Dollars in thousands)
June 30, | March 31, | December 31, | September 30, | June 30,
2026 | 2026 | 2025 | 2025 | 2025
Demand, non-interest bearing | $ | 6,913,804 | $ | 6,739,713 | $ | 6,303,748 | $ | 6,380,879 | $ | 5,481,065
Demand, interest bearing | 5,107,649 | 5,085,040 | 5,049,151 | 5,050,437 | 4,912,839
Total demand deposits | 12,021,453 | 11,824,753 | 11,352,899 | 11,431,316 | 10,393,904
Savings | 1,555,932 | 1,742,652 | 1,731,010 | 1,554,533 | 1,375,072
Money market | 4,592,851 | 4,604,981 | 4,398,827 | 4,339,371 | 4,206,516
Time deposits | 3,562,661 | 3,420,259 | 3,295,968 | 3,079,803 | 3,000,526
Total deposits | $ | 21,732,897 | $ | 21,592,645 | $ | 20,778,704 | $ | 20,405,023 | $ | 18,976,018

15

CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
ASSET QUALITY - UNAUDITED
(Dollars in thousands)
As of June 30, 2026 | As of March 31, 2026 | As of June 30, 2025
Loan type | Total loans | Allowance for credit losses | Total reserves to total loans | Total loans | Allowance for credit losses | Total reserves to total loans | Total loans | Allowance for credit losses | Total reserves to total loans
Commercial:
Commercial & industrial, including specialized lending | $ | 8,829,801 | $ | 40,158 | 0.45 | % | $ | 8,474,678 | $ | 41,214 | 0.49 | % | $ | 7,581,855 | $ | 36,262 | 0.48 | %
Multifamily | 2,623,964 | 29,324 | 1.12 | % | 2,510,697 | 19,441 | 0.77 | % | 2,247,282 | 20,864 | 0.93 | %
Commercial real estate owner occupied | 1,270,575 | 10,226 | 0.80 | % | 1,279,501 | 10,556 | 0.83 | % | 1,065,006 | 12,514 | 1.18 | %
Commercial real estate non-owner occupied | 1,888,040 | 13,503 | 0.72 | % | 1,742,989 | 18,470 | 1.06 | % | 1,497,385 | 20,679 | 1.38 | %
Construction | 216,832 | 2,803 | 1.29 | % | 204,999 | 2,672 | 1.30 | % | 98,626 | 2,160 | 2.19 | %
Total commercial loans and leases receivable | 14,829,212 | 96,014 | 0.65 | % | 14,212,864 | 92,353 | 0.65 | % | 12,490,154 | 92,479 | 0.74 | %
Consumer:
Residential | 508,187 | 6,251 | 1.23 | % | 495,458 | 5,713 | 1.15 | % | 520,570 | 6,331 | 1.22 | %
Manufactured housing | 24,763 | 3,244 | 13.10 | % | 26,065 | 3,338 | 12.81 | % | 30,287 | 3,721 | 12.29 | %
Installment | 854,906 | 58,597 | 6.85 | % | 785,106 | 59,558 | 7.59 | % | 678,818 | 44,887 | 6.61 | %
Total consumer loans receivable | 1,387,856 | 68,092 | 4.91 | % | 1,306,629 | 68,609 | 5.25 | % | 1,229,675 | 54,939 | 4.47 | %
Loans and leases receivable held for investment | 16,217,068 | 164,106 | 1.01 | % | 15,519,493 | 160,962 | 1.04 | % | 13,719,829 | 147,418 | 1.07 | %
Loans receivable, mortgage finance, at fair value | 1,654,795 | — | — | % | 1,758,685 | — | — | % | 1,536,254 | — | — | %
Loans receivable, installment, at fair value | 84,826 | — | — | % | 93,086 | — | — | % | 123,354 | — | — | %
Loans held for sale | 58,611 | — | — | % | 20,282 | — | — | % | 32,963 | — | — | %
Total loans and leases portfolio | $ | 18,015,300 | $ | 164,106 | 0.91 | % | $ | 17,391,546 | $ | 160,962 | 0.93 | % | $ | 15,412,400 | $ | 147,418 | 0.96 | %

16

CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
ASSET QUALITY - UNAUDITED (CONTINUED)
(Dollars in thousands)
As of June 30, 2026 | As of March 31, 2026 | As of June 30, 2025
Loan type | Non accrual /NPLs | Total NPLs to total loans | Total reserves to total NPLs | Non accrual /NPLs | Total NPLs to total loans | Total reserves to total NPLs | Non accrual /NPLs | Total NPLs to total loans | Total reserves to total NPLs
Commercial:
Commercial & industrial, including specialized lending | $ | 22,828 | 0.26 | % | 175.92 | % | $ | 18,588 | 0.22 | % | 221.72 | % | $ | 4,218 | 0.06 | % | 859.70 | %
Multifamily | 14,205 | 0.54 | % | 206.43 | % | 9,090 | 0.36 | % | 213.87 | % | — | — | % | — | %
Commercial real estate owner occupied | 5,692 | 0.45 | % | 179.66 | % | 5,740 | 0.45 | % | 183.90 | % | 7,005 | 0.66 | % | 178.64 | %
Commercial real estate non-owner occupied | 135 | 0.01 | % | 10002.22 | % | 135 | 0.01 | % | 13681.48 | % | 62 | 0.00 | % | 33353.23 | %
Construction | — | — | % | — | % | — | — | % | — | % | — | — | % | — | %
Total commercial loans and leases receivable | 42,860 | 0.29 | % | 224.02 | % | 33,553 | 0.24 | % | 275.25 | % | 11,285 | 0.09 | % | 819.49 | %
Consumer:
Residential | 6,740 | 1.33 | % | 92.74 | % | 7,509 | 1.52 | % | 76.08 | % | 8,234 | 1.58 | % | 76.89 | %
Manufactured housing | 1,047 | 4.23 | % | 309.84 | % | 1,143 | 4.39 | % | 292.04 | % | 1,608 | 5.31 | % | 231.41 | %
Installment | 4,075 | 0.48 | % | 1437.96 | % | 3,736 | 0.48 | % | 1594.16 | % | 4,944 | 0.73 | % | 907.91 | %
Total consumer loans receivable | 11,862 | 0.85 | % | 574.03 | % | 12,388 | 0.95 | % | 553.83 | % | 14,786 | 1.20 | % | 371.56 | %
Loans and leases receivable | 54,722 | 0.34 | % | 299.89 | % | 45,941 | 0.30 | % | 350.37 | % | 26,071 | 0.19 | % | 565.45 | %
Loans receivable, mortgage finance, at fair value | — | — | % | — | % | — | — | % | — | % | — | — | % | — | %
Loans receivable, installment, at fair value | 1,231 | 1.45 | % | — | % | 1,626 | 1.75 | % | — | % | 1,961 | 1.59 | % | — | %
Loans held for sale | 69 | 0.12 | % | — | % | 251 | 1.24 | % | — | % | 411 | 1.25 | % | — | %
Total loans and leases portfolio | $ | 56,022 | 0.31 | % | 292.93 | % | $ | 47,818 | 0.27 | % | 336.61 | % | $ | 28,443 | 0.18 | % | 518.29 | %

17

CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
NET CHARGE-OFFS/(RECOVERIES) - UNAUDITED
(Dollars in thousands)
Q2 | Q1 | Q4 | Q3 | Q2 | Six Months Ended June 30,
2026 | 2026 | 2025 | 2025 | 2025 | 2026 | 2025
Loan type
Commercial & industrial, including specialized lending | $ | 2,648 | $ | 2,576 | $ | 1,620 | $ | 2,180 | $ | 3,871 | $ | 5,224 | $ | 7,102
Multifamily | 4,880 | 2,630 | 4,612 | — | — | 7,510 | 3,834
Commercial real estate owner occupied | (332) | (5) | (40) | 335 | 411 | (337) | 427
Commercial real estate non-owner occupied | — | — | (225) | 3,073 | — | — | —
Construction | — | — | — | — | (3) | — | (6)
Residential | 20 | — | 16 | 25 | (4) | 20 | (4)
Installment | 7,363 | 8,054 | 7,766 | 9,758 | 8,840 | 15,417 | 18,906
Total net charge-offs (recoveries) from loans held for investment | $ | 14,579 | $ | 13,255 | $ | 13,749 | $ | 15,371 | $ | 13,115 | $ | 27,834 | $ | 30,259
CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
LOANS AND LEASES RISK RATINGS - UNAUDITED
(Dollars in thousands)
June 30, | March 31, | December 31, | September 30, | June 30,
2026 | 2026 | 2025 | 2025 | 2025
Loans and leases (1) risk ratings:
Commercial loans and leases
Pass | $ | 14,434,943 | $ | 13,803,943 | $ | 13,316,507 | $ | 12,927,467 | $ | 12,047,656
Special Mention | 132,704 | 159,714 | 216,462 | 187,794 | 174,587
Substandard | 257,517 | 245,028 | 200,779 | 230,079 | 256,849
Total commercial loans and leases | 14,825,164 | 14,208,685 | 13,733,748 | 13,345,340 | 12,479,092
Consumer loans
Performing | 1,375,438 | 1,294,311 | 1,287,408 | 1,308,987 | 1,209,377
Non-performing | 12,418 | 12,318 | 15,516 | 13,843 | 20,298
Total consumer loans | 1,387,856 | 1,306,629 | 1,302,924 | 1,322,830 | 1,229,675
Loans and leases receivable (1) | $ | 16,213,020 | $ | 15,515,314 | $ | 15,036,672 | $ | 14,668,170 | $ | 13,708,767

(1) Risk ratings are assigned to loans and leases held for investment, and excludes loans held for sale, loans receivable, mortgage finance, at fair value, loans receivable, installment, at fair value and eligible PPP loans that are fully guaranteed by the Small Business Administration.

18

CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP MEASURES - UNAUDITED

We believe that the non-GAAP measurements disclosed within this document are useful for investors, regulators, management and others to evaluate our core results of operations and financial condition relative to other financial institutions. These non-GAAP financial measures are frequently used by securities analysts, investors, and other interested parties in the evaluation of companies in our industry. These non-GAAP financial measures exclude from corresponding GAAP measures the impact of certain elements that we do not believe are representative of our ongoing financial results, which we believe enhance an overall understanding of our performance and increases comparability of our period to period results. Investors should consider our performance and financial condition as reported under GAAP and all other relevant information when assessing our performance or financial condition. The non-GAAP measures presented are not necessarily comparable to non-GAAP measures that may be presented by other financial institutions. Although non-GAAP financial measures are frequently used in the evaluation of a company, they have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of our results of operations or financial condition as reported under GAAP. Starting in Q3 2025, certain adjustments to GAAP measures were no longer included as our intention going forward is to limit these adjustments to those items of greatest significance.

The following tables present reconciliations of GAAP to non-GAAP measures disclosed within this document.

Core Earnings - Customers Bancorp | Six Months Ended June 30,
Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | 2026 | 2025
(Dollars in thousands, except per share data) | USD | Per share | USD | Per share | USD | Per share | USD | Per share | USD | Per share | USD | Per share | USD | Per share
GAAP net income to common shareholders | $ | 71,560 | $ | 2.05 | $ | 69,653 | $ | 1.97 | $ | 70,088 | $ | 1.98 | $ | 73,726 | $ | 2.20 | $ | 55,846 | $ | 1.73 | $ | 141,213 | $ | 4.02 | $ | 65,369 | $ | 2.02
Reconciling items (after tax):
Impairment loss on debt securities | — | — | — | — | — | — | — | — | — | — | — | — | 39,875 | 1.23
(Gains) losses on investment securities | (103) | 0.00 | (208) | (0.01) | (36) | 0.00 | (253) | (0.01) | 1,388 | 0.04 | (311) | (0.01) | 1,264 | 0.04
Derivative credit valuation adjustment | — | — | — | — | — | — | — | — | — | — | — | — | 210 | 0.01
Loss on redemption of preferred stock | — | — | — | — | 2,799 | 0.08 | — | — | 1,908 | 0.06 | — | — | 1,908 | 0.06
Unrealized (gain) loss on loans held for sale | — | — | — | — | — | — | — | — | (223) | (0.01) | — | — | 295 | 0.01
Loan program termination fees | — | — | — | — | — | — | — | — | (772) | (0.02) | — | — | (772) | (0.02)
Core earnings | $ | 71,457 | $ | 2.05 | $ | 69,445 | $ | 1.97 | $ | 72,851 | $ | 2.06 | $ | 73,473 | $ | 2.20 | $ | 58,147 | $ | 1.80 | $ | 140,902 | $ | 4.01 | $ | 108,149 | $ | 3.33
Core Return on Average Assets - Customers Bancorp | Six Months Ended June 30,
(Dollars in thousands, except per share data) | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | 2026 | 2025
GAAP net income | $ | 71,560 | $ | 69,653 | $ | 74,492 | $ | 75,745 | $ | 60,939 | $ | 141,213 | $ | 73,851
Impairment loss on debt securities | — | — | — | — | — | — | 39,875
(Gains) losses on investment securities | (103) | (208) | (36) | (253) | 1,388 | (311) | 1,264
Derivative credit valuation adjustment | — | — | — | — | — | — | 210
Unrealized (gain) loss on loans held for sale | — | — | — | — | (223) | — | 295
Loan program termination fees | — | — | — | — | (772) | — | (772)
Core earnings | $ | 71,457 | $ | 69,445 | $ | 74,456 | $ | 75,492 | $ | 61,332 | $ | 140,902 | $ | 114,723
Average total assets | $ | 25,367,399 | $ | 24,920,977 | $ | 24,721,373 | $ | 23,930,723 | $ | 22,362,989 | $ | 25,145,447 | $ | 22,339,108
Core return on average assets | 1.13 | % | 1.13 | % | 1.19 | % | 1.25 | % | 1.10 | % | 1.13 | % | 1.04 | %

19

CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP MEASURES - UNAUDITED (CONTINUED)
(Dollars in thousands, except per share data)
Core Return on Average Common Equity - Customers Bancorp | Six Months Ended June 30,
(Dollars in thousands, except per share data) | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | 2026 | 2025
GAAP net income to common shareholders | $ | 71,560 | $ | 69,653 | $ | 70,088 | $ | 73,726 | $ | 55,846 | $ | 141,213 | $ | 65,369
Reconciling items (after tax):
Impairment loss on debt securities | — | — | — | — | — | — | 39,875
(Gains) losses on investment securities | (103) | (208) | (36) | (253) | 1,388 | (311) | 1,264
Derivative credit valuation adjustment | — | — | — | — | — | — | 210
Loss on redemption of preferred stock | — | — | 2,799 | — | 1,908 | — | 1,908
Unrealized (gain) loss on loans held for sale | — | — | — | — | (223) | — | 295
Loan program termination fees | — | — | — | — | (772) | — | (772)
Core earnings | $ | 71,457 | $ | 69,445 | $ | 72,851 | $ | 73,473 | $ | 58,147 | $ | 140,902 | $ | 108,149
Average total common shareholders’ equity | $ | 2,171,497 | $ | 2,146,518 | $ | 2,093,510 | $ | 1,878,115 | $ | 1,751,037 | $ | 2,159,129 | $ | 1,741,029
Core return on average common equity | 13.20 | % | 13.12 | % | 13.81 | % | 15.52 | % | 13.32 | % | 13.16 | % | 12.53 | %
Core Efficiency Ratio - Customers Bancorp | Six Months Ended June 30,
(Dollars in thousands, except per share data) | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | 2026 | 2025
GAAP net interest income | $ | 193,366 | $ | 191,351 | $ | 204,428 | $ | 201,912 | $ | 176,703 | $ | 384,717 | $ | 344,149
GAAP non-interest income (loss) | $ | 34,043 | $ | 34,316 | $ | 32,516 | $ | 30,191 | $ | 29,606 | $ | 68,359 | $ | 5,116
(Gains) losses on investment securities | (130) | (269) | (47) | (334) | 1,797 | (399) | 1,637
Derivative credit valuation adjustment | — | — | — | — | — | — | 270
Unrealized (gain) loss on loans held for sale | — | — | — | — | (289) | — | 378
Impairment loss on debt securities | — | — | — | — | — | — | 51,319
Loan program termination fees | — | — | — | — | (1,000) | — | (1,000)
Core non-interest income | 33,913 | 34,047 | 32,469 | 29,857 | 30,114 | 67,960 | 57,720
Core revenue | $ | 227,279 | $ | 225,398 | $ | 236,897 | $ | 231,769 | $ | 206,817 | $ | 452,677 | $ | 401,869
GAAP non-interest expense | $ | 114,891 | $ | 111,988 | $ | 117,309 | $ | 105,217 | $ | 106,626 | $ | 226,879 | $ | 209,397
Core non-interest expense | $ | 114,891 | $ | 111,988 | $ | 117,309 | $ | 105,217 | $ | 106,626 | $ | 226,879 | $ | 209,397
Core efficiency ratio (1) | 50.55 | % | 49.68 | % | 49.52 | % | 45.40 | % | 51.56 | % | 50.12 | % | 52.11 | %

(1) Core efficiency ratio calculated as core non-interest expense divided by core revenue.

20

CUSTOMERS BANCORP, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP MEASURES - UNAUDITED (CONTINUED)
(Dollars in thousands, except per share data)
Tangible Common Equity to Tangible Assets - Customers Bancorp
(Dollars in thousands, except per share data) | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025
GAAP total shareholders’ equity | $ | 2,205,692 | $ | 2,144,300 | $ | 2,115,517 | $ | 2,126,059 | $ | 1,863,558
Reconciling items:
Preferred stock | — | — | — | (82,201) | (82,201)
Goodwill and other intangibles | (3,629) | (3,629) | (3,629) | (3,629) | (3,629)
Tangible common equity | $ | 2,202,063 | $ | 2,140,671 | $ | 2,111,888 | $ | 2,040,229 | $ | 1,777,728
GAAP total assets | $ | 26,520,789 | $ | 25,880,767 | $ | 24,895,868 | $ | 24,260,163 | $ | 22,550,800
Reconciling items:
Goodwill and other intangibles | (3,629) | (3,629) | (3,629) | (3,629) | (3,629)
Tangible assets | $ | 26,517,160 | $ | 25,877,138 | $ | 24,892,239 | $ | 24,256,534 | $ | 22,547,171
Tangible common equity to tangible assets | 8.3 | % | 8.3 | % | 8.5 | % | 8.4 | % | 7.9 | %
Tangible Book Value per Common Share - Customers Bancorp
(Dollars in thousands, except share and per share data) | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025
GAAP total shareholders’ equity | $ | 2,205,692 | $ | 2,144,300 | $ | 2,115,517 | $ | 2,126,059 | $ | 1,863,558
Reconciling Items:
Preferred stock | — | — | — | (82,201) | (82,201)
Goodwill and other intangibles | (3,629) | (3,629) | (3,629) | (3,629) | (3,629)
Tangible common equity | $ | 2,202,063 | $ | 2,140,671 | $ | 2,111,888 | $ | 2,040,229 | $ | 1,777,728
Common shares outstanding | 33,772,598 | 33,692,632 | 34,191,223 | 34,163,506 | 31,606,934
Tangible book value per common share | $ | 65.20 | $ | 63.54 | $ | 61.77 | $ | 59.72 | $ | 56.24

21

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