Every 8-K that Customers Bancorp, Inc. 5.375% Subordinated Notes Due 2034 (CUBB) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow CUBB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CUBB filings page.
Customers Bancorp, Inc. entered into a First Amended Employment Agreement with its Executive Vice President and Chief Financial Officer, Mark R. McCollom, effective July 24, 2026. The new agreement replaces the June 10, 2025 employment agreement and keeps most prior terms while adjusting several key provisions.
The employment term now automatically renews for one (1)-year on each anniversary of the original effective date unless either party gives at least sixty (60) days’ cancellation notice. Mr. McCollom’s own resignation notice requirement is shortened from 60 to forty-five (45) days. Receipt of severance compensation is conditioned on signing a release of claims, and health, dental and life insurance benefits continue during the severance payment period. The agreement also adds a 12‑month noncompete after termination within the Company’s Field of Interest and Restricted Area(s), and incorporates the Restricted Area concept into other restrictive covenants. The full amended agreement is filed as Exhibit 10.1.
Customers Bancorp, Inc. reported strong Q2 2026 results, with net income available to common shareholders of $71.6 million, or $2.05 diluted EPS. Reported and core metrics were similar: core earnings were $71.5 million, also $2.05 per diluted share, with ROAA 1.13% and ROCE about 13.2%. Net interest income was $193.4 million, up year over year, on a tax-equivalent net interest margin of 3.17%. The efficiency ratio and core efficiency ratio were 50.55%, modestly better than a year earlier. Tangible book value per share rose to $65.20, up 16% from Q2 2025.
Total assets reached $26.5 billion. Loans and leases held for investment were a record $18.0 billion, up 3.4% from March 31, 2026 and 16.8% year over year. Deposits were a record $21.7 billion, up 0.6% sequentially and 14.5% year over year, including $6.9 billion of non‑interest‑bearing deposits, 31.8% of total. Estimated uninsured deposits were $7.6 billion, 35% of deposits, with immediately available liquidity covering about 146% of that amount. Investment securities totaled $3.3 billion, and borrowings rose to $2.3 billion.
Credit quality remained solid. The provision for credit losses was $23 million, and net charge‑offs were $14.6 million. The allowance for credit losses on loans and leases was $164 million. Non‑performing loans were $56 million, 0.31% of total loans and leases, with reserves covering about 293% of NPLs. Non‑performing assets were 0.32% of total assets. Capital stayed strong, with CET1 of 12.8%, total risk‑based capital of 14.8%, and tangible common equity to tangible assets of 8.3%; the company repurchased 92,804 shares at an average price of $73.03.
Customers Bancorp, Inc. entered into a new Supplemental Executive Retirement Plan for executive Lyle Cunningham, replacing a prior plan adopted on April 27, 2022. The plan is a nonqualified, unfunded deferred compensation arrangement for a select group of management under ERISA and is intended to comply with Section 409A of the tax code.
Under the plan, Cunningham is entitled to a $12,500 monthly benefit after separation from service upon reaching normal retirement age, payable for life. It also provides an early termination benefit, a lifetime change in control benefit if he separates (other than for cause) within 12 months after a change in control, and disability and death benefits. Clawback, noncompete, non-disclosure, non-solicitation, and forfeiture-for-cause provisions are included.
Customers Bancorp, Inc. filed an amended report to correct a director reference in its prior disclosure about the 2026 Annual Meeting, replacing an erroneous mention of Daniel K. Rothermel with T. Lawrence Way. At the meeting, shareholders elected three Class III directors and confirmed several key proposals.
Shareholders elected Susan D. Looney, Dalton T. Sirmans, and Steven J. Zuckerman, each receiving over 26 million votes in favor. They also ratified Deloitte & Touche LLP as independent registered public accounting firm for the year ending December 31, 2026, with 30,414,702 votes for. On an advisory basis, shareholders approved named executive officer compensation and approved an amendment to the 2019 Stock Incentive Plan.
Customers Bancorp, Inc. reported that shareholders approved an amendment to its 2019 Stock Incentive Plan, increasing the common stock authorized under the plan by 750,000 shares, from 3,320,325 to 4,070,325, and raising the limit on non-employee director compensation.
The board’s compensation committee granted 71,935 short-term performance RSUs to executives effective March 13, 2026, and later approved 15,043 time-based RSUs and 22,563 performance-based RSUs as long-term awards, all contingent on the plan amendment. These RSUs generally vest over three years, while PBRSUs cliff vest after three years based on relative total shareholder return, return on average common equity, and average non-performing assets to total assets.
Shareholders also elected three Class III directors, ratified Deloitte & Touche LLP as auditor for the year ending December 31, 2026, approved executive compensation on an advisory basis, and approved the stock plan amendment.
Customers Bancorp reported strong unaudited Q1 2026 results, showing broad-based growth and solid credit quality. Net income available to common shareholders was $69.7 million, or $1.97 per diluted share, with return on average assets of 1.13% and return on average common equity of 13.16%.
Total loans and leases rose to $17.4 billion, up 3.6% from Q4 2025 and about 15% year-over-year, while total deposits reached $21.6 billion, up 3.9% sequentially and 14% year-over-year. Non‑interest bearing deposits increased to $6.7 billion, representing 31.2% of total deposits.
Net interest income was $191.4 million, up $23.9 million versus Q1 2025, with a tax‑equivalent net interest margin of 3.22%. The efficiency ratio improved to 49.68% from 52.94% a year earlier, reflecting positive operating leverage. Asset quality remained strong, with non‑performing loans at 0.27% of total loans and leases and reserves covering 336.61% of non‑performing loans.
Customers Bancorp, Inc. filed an amended report to replace its 2026 Annual Shareholder Letter, which highlights strong multi‑year growth and outlines 2026 priorities. Assets rose from $11.5B in 2019 to $24.9B in 2025, while deposits grew from $8.6B to $20.8B, with loans reaching $16.8B. Core EPS increased from $2.35 to $7.61 and tangible book value per share from $26.17 to $61.77. Core ROE improved from 9.5% to 13.7%, and CET1 capital rose by about 500 basis points to 13.0%. In 2025, revenue reached $818M, net interest margin expanded to 3.32%, and the core efficiency ratio improved to 49.62%. The letter also notes a Net Promoter Score of 81, over $2T in annual cubiX payment activity, and 2026 targets of 8–12% growth in loans and deposits and net interest income of $800–$830M, alongside a focus on AI, payments expansion, organic growth and risk management.
Customers Bancorp, Inc. furnished its 2026 annual shareholder letter, highlighting strong organic growth, profitability gains and 2026 priorities. From 2019 to 2025, total assets rose from $11.5 billion to $24.9 billion, loans from $10.1 billion to $16.8 billion and deposits from $8.6 billion to $20.8 billion, with CAGRs of 14%, 9% and 16%, respectively.
Core earnings per share increased from $2.35 in 2019 to $7.61 in 2025 and tangible book value per share grew from $26.17 to $61.77, while core return on average common equity rose from 9.5% to 13.7%. In 2025, revenue reached $818 million, net interest margin expanded to 3.32% and the core efficiency ratio improved to 49.62%, with CET1 capital at 13.0% and tangible common equity to tangible assets at 8.5%.
The letter outlines 2026 priorities: deploying AI across the bank, expanding the cubiX real-time payments platform, pursuing deposit-led organic growth with expected 8–12% loan and deposit growth and projected net interest income of $800–$830 million, and further strengthening risk management, supported by low commercial net charge-offs of 16 basis points in the fourth quarter and a nonperforming assets ratio of 0.29%.
Customers Bancorp, Inc. approved a new Supplemental Executive Retirement Plan for Executive Samvir Sidhu, replacing a prior plan adopted on May 3, 2021. The plan is a nonqualified, unfunded deferred compensation arrangement intended to comply with ERISA and Section 409A of the tax code.
The plan provides a $50,000 monthly benefit after the executive’s separation from service upon reaching normal retirement age, payable for life. It also outlines early termination, change in control, disability and death benefits, and includes clawback, noncompete, nondisclosure and nonsolicitation provisions, with forfeiture if the executive is terminated for cause.
Customers Bancorp, Inc. reported that director Robert N. Mackay plans to retire from the boards of both the company and Customers Bank following the 2026 Annual Meeting of Shareholders. He is stepping down to focus on his responsibilities as CEO of a global regulatory technology company.
Mackay has served as a director since 2022 and currently sits on the Directors Risk & Compliance Committee and the Leadership Development & Compensation Committee. The company stated that his decision is not related to any disagreement over operations, policies, or practices.
Customers Bancorp, Inc. announced that its board authorized a new common stock repurchase program allowing the company to buy back up to $100 million of its outstanding common stock. The authorization runs for one year from February 12, 2026 and may be suspended or terminated at any time.
Repurchases, if made, may occur in the open market, through privately negotiated transactions or via Rule 10b5-1 plans, and will be funded with cash on hand. Management states the board views this as providing flexibility to deploy capital while continuing to support clients and the company’s long-term growth strategy.
Customers Bancorp, Inc. has appointed Stephen Wyremski as Executive Vice President and Chief Operating Officer of Customers Bank, effective January 26, 2026. He brings extensive banking and finance experience, including senior finance roles at Signature Bank and Flagstar Bank, and prior consulting work for Customers Bank on finance and data modernization.
Under his offer letter, Mr. Wyremski will receive a $450,000 annual base salary, a discretionary bonus targeted at up to 125% of base salary, and an additional enhanced discretionary performance bonus of up to 25% of base salary. He is also entitled to a $450,000 sign-on bonus, subject to clawback if he leaves voluntarily or is terminated for cause before the second anniversary of his start date, and a $425,000 completion fee for earlier consulting services. He will be eligible for participation in executive benefit plans, including a SERP after up to two years of service, and is bound by non-compete, non-solicitation, and confidentiality covenants.
Customers Bancorp, Inc. furnished an update on its recent financial results and investor materials. On January 22, 2026, the company issued a press release with unaudited financial information for the quarter ended December 31, 2025, which is included as Exhibit 99.1. It also made available on its website a slide presentation for investors, attached as Exhibit 99.2.
The press release and slides are being treated as furnished, not filed, meaning they are not subject to certain liability provisions of the securities laws and are not automatically incorporated into other SEC reports unless specifically referenced.
Customers Bancorp, Inc. reported leadership and compensation changes tied to its senior executives. The Board appointed Chief Executive Officer Sam Sidhu as a director of the company, effective January 1, 2026, and increased the Board size to thirteen members. He will not receive separate director fees, with his pay set under a new employment agreement.
The company entered into updated employment agreements effective January 1, 2026 for Executive Chairman Jay Sidhu and CEO Sam Sidhu. Jay Sidhu’s contract provides a base salary of at least $650,000 and long‑term incentives targeting 200% of base salary, plus an expected non‑qualified SERP benefit of $300,000 per year for 15 years, along with detailed severance and change‑in‑control protections. Sam Sidhu’s agreement provides a base salary of at least $975,000, long‑term incentives targeting 150% of base salary, short‑term incentives targeting 100% of base salary, and an expected SERP benefit of $600,000 per year for life, plus similar severance and change‑in‑control terms.
In connection with his CEO role, Sam Sidhu also received an incentive award of 225,000 performance‑based restricted stock units under the 2019 Stock Incentive Plan, documented in a Performance Share Unit Agreement. The company issued a press release announcing his Board appointment.
Customers Bancorp, Inc. entered into a Second Supplemental Indenture with Wilmington Trust to issue $100,000,000 of 6.875% Fixed-to-Floating Rate Subordinated Notes due 2036. These Notes are subordinated obligations of the company, ranking below its senior and secured debt and structurally below all liabilities of its subsidiaries.
The Notes pay a fixed interest rate of 6.875% per year from issuance to, but excluding, January 15, 2031, with semi-annual payments each January 15 and July 15, starting July 15, 2026. From January 15, 2031 to January 15, 2036, interest resets quarterly to a floating rate equal to a Benchmark rate, expected to be Three-Month Term SOFR, plus 342 basis points, with quarterly payments each January 15, April 15, July 15 and October 15.
The company may redeem the Notes at par plus accrued interest, at its option, beginning on January 15, 2031 and on any interest payment date thereafter. The Indenture includes covenants that restrict certain actions involving equity and debt of material subsidiaries, including Customers Bank, and sets customary events of default and other standard terms.
Customers Bancorp, Inc. completed an underwritten public offering of $100,000,000 aggregate principal amount of its 6.875% Fixed-to-Floating Rate Subordinated Notes due 2036. The notes were priced to investors at 100.00% of their principal amount, and the company expects net proceeds of approximately $98,000,000 after underwriting discounts and expenses.
Customers Bancorp plans to use the cash for general corporate purposes, which may include redeeming less than all of its 6.125% subordinated notes due 2029 on March 26, 2026, funding organic growth at Customers Bank, repaying other indebtedness, redeeming preferred stock once redeemable, repurchasing common stock, and financing possible acquisitions of financial services businesses. The notes were issued under an existing automatic shelf registration and are unsecured obligations that are not deposits and are not insured or guaranteed by the FDIC or any other governmental agency.
Customers Bancorp, Inc. announced it will redeem all 3,400,000 shares of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F, on December 15, 2025. After this redemption, no Series F Preferred Stock will remain outstanding.
This action retires the entire Series F class and simplifies the company’s capital stack by eliminating that preferred layer. The announcement was made via a press release attached as Exhibit 99.1.
Customers Bancorp, Inc. furnished an 8-K announcing unaudited financial information for the quarter ended September 30, 2025. The Company released a press release as Exhibit 99.1 and an investor slide presentation as Exhibit 99.2, and also posted the presentation on its website.
The materials were furnished under Items 2.02 and 7.01 and, as stated, are not deemed filed under Section 18 of the Exchange Act or incorporated by reference except as expressly set forth by specific reference.
Customers Bancorp, Inc. (CUBB) announced that on September 24, 2025 its Board appointed Maurice Michael (Mike) Gill, Robert Krasne, Susan Looney and Dalton Sirmans as directors, with each appointment effective October 29, 2025. Each appointee brings distinct professional credentials: Mr. Gill is a retired attorney and former Accenture managing director; Mr. Krasne is Co-Chair of The Steinman Foundation and former CEO of Steinman Communications; Dr. Looney is president of Reading Area Community College with advanced degrees in law and education; Mr. Sirmans co-founded Amplio Ventures and MainStreet Technologies.
The Company will increase its Board size to twelve effective October 29, 2025, and each new director will also serve on the board of the wholly owned subsidiary, Customers Bank. The filing states no selection arrangements or reportable related-party transactions exist for these appointees, and they will receive the same pro-rated compensation and benefits as other non-employee directors.