Customers Bancorp approves $100 million stock buyback program

Customers Bancorp Inc. (NYSE: CUBI) announced that its board of directors authorized a new common stock repurchase plan on February 11, 2026, allowing the company to buy back up to $100 million of its outstanding shares over a one-year period.

The West Reading, Pennsylvania-based bank holding company said the repurchase plan provides discretion over timing, price and quantity of share buybacks. The program does not require the company to repurchase any specific number of shares and may be suspended or terminated at any time.

"Over the past several years, we have deliberately strengthened our capital position, executed on our strategic priorities, grown franchise value, and organically increased our earnings power," said Sam Sidhu, chief executive officer of Customers Bancorp. "As a result of those efforts, the Board of Directors believes it is prudent to once again have a common stock repurchase authorization in place."

The company stated that repurchase decisions will depend on factors including capital position, liquidity, financial performance, alternative capital uses, stock trading price, regulatory requirements and market conditions. Customers Bancorp expects to fund repurchases with cash on hand.

Share buybacks may occur through open market purchases or privately negotiated transactions, including plans that comply with Rule 10b5-1 of the Securities Exchange Act of 1934.

Customers Bancorp operates as the holding company for Customers Bank and has over $24 billion in assets. The company provides commercial and consumer banking services along with specialized corporate banking services in areas including fund finance, venture banking, healthcare, mortgage finance and equipment finance.

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