---
schema_version: "secwatch.filing_event.v1"
accession: "0001488813-24-000069"
form_type: "8-K"
ticker: "CUBI"
cik: "0001488813"
company_name: "Customers Bancorp, Inc."
filed_at: "2024-07-01T23:59:59+00:00"
generated_at: "2026-05-31T23:59:00.077960+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Customers Bancorp authorizes repurchase of up to 497,509 common shares

## Summary
- New buyback plan authorizes up to 497,509 shares over one year from June 26, 2024.
- Previous plan expired Sept 2023 with 497,509 unrepurchased shares; new plan replaces it.
- CEO Jay Sidhu cites CET1 ratio exceeding 11.5% target and TCE/TA approaching 7.5%.
- Repurchases may be via open market, private deals, or 10b5-1 plans; funded with cash on hand.

## SEC filing metadata
- accession: 0001488813-24-000069
- form_type: 8-K
- ticker: CUBI
- cik: 0001488813
- company_name: Customers Bancorp, Inc.
- filed_at: 2024-07-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1488813/000148881324000069/0001488813-24-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1488813/000148881324000069/cubi-20240626.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001488813-24-000069
- JSON: https://secwatch.observer/filing/0001488813-24-000069.json
- Plain text: https://secwatch.observer/filing/0001488813-24-000069.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.