Customers Bancorp shares rose more than 7% on October 23, 2026, closing at $84.54 after the bank holding company released its third-quarter results. The stock gained $5.81 and reached a new 52-week high during the session, following an earnings announcement that showed higher net interest income and record loan and deposit balances.
Key Takeaways
- Trading volume reached approximately 952,000 shares, about 3.5 times the preceding month's average.
- Third-quarter net income available to common shareholders totaled $78.4 million, or $2.25 per diluted share.
- Management updated its 2026 outlook, targeting loan growth of at least 12% and deposit growth of at least 9%.
Table of Contents
- Customers Bancorp shares rally on heavier trading
- Interest income grows while deposit costs hold steady
- Updated outlook sets the fourth-quarter benchmark
- Conclusion
Customers Bancorp shares rally on heavier trading
The October 23 advance followed the release of quarterly results after the market closed on October 22. The $84.54 closing price was below no specified intraday peak; the available information establishes that the stock reached a 52-week high, but does not give that session's highest price.
The increase in turnover showed substantially more trading activity than usual. The timing placed the rally immediately after the earnings release, although it does not establish how much any individual financial measure contributed to the move.
| Item | Details |
|---|---|
| Non-interest-bearing deposits | $7.2 billion at September 30, 2026, representing 31.9% of total deposits. |
| Credit-loss provision | $25 million in Q3, versus $23 million in Q2. |
| Net charge-offs | $13 million in Q3, versus $15 million in Q2. |
| Common share repurchases | 492,178 shares repurchased during Q3. |
Interest income grows while deposit costs hold steady
Customers Bancorp’s third-quarter results announcement showed net interest income rising $15 million, or 7.6%, from the second quarter to $208 million. Higher interest income from investment securities and corporate banking loans and leases supported the increase.
Total deposits reached $22.6 billion, up 3.8% sequentially, while total loans increased 2.8% to $18.5 billion. The average cost of deposits remained unchanged at 2.50%, meaning the bank expanded its deposit base without increasing its average funding rate for those balances.
The efficiency ratio declined to 47.2% from 50.6% in the second quarter. That improvement indicates that operating expenses consumed a smaller share of revenue.
Updated outlook sets the fourth-quarter benchmark
Management's updated full-year guidance calls for net interest income of $805 million to $810 million and non-interest expenses of $460 million to $465 million. Those figures are targets for 2026, not completed results.
Chief Financial Officer Mark McCollom said the estimated September net interest margin run rate was approximately 3.25%, compared with 3.19% for the full third quarter. He expressed confidence in further fourth-quarter expansion, supported by expected low-cost deposit gathering and lending growth.
Credit quality presented a mixed comparison: non-performing loans fell to 0.29% of total loans and leases from 0.31% in June, but remained above 0.17% a year earlier.
Conclusion
The rally in Customers Bancorp shares followed stronger quarterly interest income and continued balance-sheet growth. Fourth-quarter performance will provide the next test of management's updated full-year targets and its expectation for further margin expansion.
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