Customers Bancorp Q1 EPS $1.97 Beats Estimates, Revenue $225.67M
Customers Bancorp reported first-quarter EPS of $1.97, exceeding estimates of $1.88 and up from $1.54 a year earlier. Revenue reached $225.67 million, up 16.2% year-over-year, while deposits rose by $2.7 billion, loans by $2.3 billion, and efficiency ratio improved to 49.68%.
1. Earnings Outperformance
Customers Bancorp posted EPS of $1.97 in the first quarter, surpassing analyst expectations of $1.88 and rising from $1.54 in Q1 2025. This result marks continued profitability momentum for the regional bank.
2. Revenue Growth and Core Activity
Revenue for the quarter totaled $225.67 million, topping forecasts of $223.45 million and reflecting a 16.2% year-over-year increase driven by expanded commercial and consumer lending.
3. Balance Sheet Improvements
Total deposits climbed by $2.7 billion year-over-year and total loans increased by $2.3 billion, while non-interest bearing deposits reached $6.7 billion and the efficiency ratio improved to 49.68%.