Highest-materiality recent filing
Customers Bancorp enters into Supplemental Executive Retirement Plan for Lyle Cunningham
Monthly benefit of $12,500 upon retirement after Normal Retirement Age for life.
Customers Bancorp files 8-K/A to correct director name; posts annual meeting votes
Amendment replaces erroneous director reference: T. Lawrence Way continues instead of Daniel K. Rothermel.
Shareholders approve 2019 Stock Plan amendment; executives receive RSU/PBRSU grants
Shareholders approved 750k share increase in 2019 Stock Incentive Plan, total authorized to 4,070,325.
Customers Bancorp Q1 EPS $1.97, deposits up 14% YoY to $21.6B
Net income available to common $69.7M ($1.97 diluted EPS); core EPS also $1.97.
Sam Sidhu's first letter: record 2025 core EPS $7.61, TBVPS $61.77; 2026 NII guidance $800-$830M
Sam Sidhu succeeded Jay Sidhu as CEO on Jan 1, 2026 in a planned multiyear transition.
Customers Bancorp reports 2025 core EPS $7.61, guides 8-12% loan/deposit growth for 2026
2025 core EPS $7.61 (vs $2.35 in 2019); revenue $818M; NIM 3.32%; core ROE 13.7%.
Customers Bancorp adopts new SERP for EVP Samvir Sidhu with $600k annual benefit
New SERP replaces prior plan; provides $50K/month ($600K/yr) lifetime benefit upon Normal Retirement Age (65).
Director Robert N. Mackay to retire from Customers Bancorp board at 2026 Annual Meeting
Robert N. Mackay informed board on March 20, 2026 of intent to retire.
Customers Bancorp authorizes $100M share repurchase program over one year
Board authorized up to $100M in common stock repurchases over one year beginning Feb 12, 2026.
Customers Bancorp appoints Stephen Wyremski as COO of Customers Bank
Stephen Wyremski named EVP & COO of Customers Bank, effective January 26, 2026.
Customers Bancorp Q4 GAAP EPS $1.98, core $2.06; record NII; guides 2026 loan growth 8-12%
Q4 net income $70.1M ($1.98/diluted EPS); core earnings $72.9M ($2.06/diluted EPS). Full-year GAAP EPS $6.26, core $7.61.
Sam Sidhu becomes CEO of Customers Bancorp and joins board; Jay Sidhu named Executive Chairman
Sam Sidhu appointed CEO effective Jan 1, 2026, succeeding Jay Sidhu under planned July 2025 succession.
Customers Bancorp issues $100M of 6.875% subordinated notes due 2036
Issued $100M aggregate principal of 6.875% Fixed-to-Floating Rate Subordinated Notes due January 15, 2036.
Customers Bancorp closes $100M offering of 6.875% subordinated notes due 2036
Offered $100M aggregate principal of 6.875% Fixed-to-Floating Subordinated Notes due 2036 at par.
Customers Bancorp to redeem all $85M Series F Preferred Stock on Dec 15, 2025
Board declares $0.5726314/share Series F quarterly dividend; payable Dec 15, record Nov 30.
Customers Bancorp Q3 net income $73.7M ($2.20 EPS); NIM 3.46%, CET1 13.0% after $163M equity raise
Q3 2025 net income available to common $73.7M, diluted EPS $2.20; core earnings $73.5M, core EPS $2.20.
Customers Bancorp appoints four new directors effective Oct 29, 2025
Board expands to 12 members with appointment of Mike Gill, Robert Krasne, Susan Looney, and Dalton Sirmans.
Customers Bancorp furnishes September 2025 investor presentation with no new material disclosures
Presentation furnished under Item 7.01 for fixed income investor meetings starting September 8, 2025.
Customers Bancorp closes ~$172.5M equity offering; 2.5M shares at $68.50
Aggregate gross proceeds ~$172.5M from 2,518,248 shares (incl. full over-allotment) at $68.50/share.
Customers Bancorp CEO Jay Sidhu to retire; son Sam Sidhu to succeed as CEO effective Jan 1, 2026
Jay Sidhu retires as CEO, becomes Executive Chairman of both Bancorp and Bank effective Jan 1, 2026.
Q2 2025 earnings press release referenced but not provided in exhibits
Q2 2025 earnings press release issued July 24, 2025; full text not provided in this filing.
Customers Bancorp files amendment disclosing execution of CFO Mark McCollom's employment agreement
Employment agreement with Mark McCollom signed June 10, 2025, effective June 2, 2025.
Customers Bancorp appoints Mark McCollom as CFO; Watkins moves to Corporate Development
Mark McCollom appointed EVP & CFO of Customers Bank (June 2) and will become Company CFO on or around August 15, 2025.
Director Daniel K. Rothermel to retire from Customers Bancorp board after 2026 annual meeting
Rothermel, lead independent director and chair of nominating and governance committee, will not stand for reelection in 2026.
Customers Bancorp to redeem all $57.5M Series E preferred stock at $25/share on June 16, 2025
All 2,300,000 shares of Series E Preferred Stock (CUBIPrE, 9.70% dividend) to be redeemed on June 16, 2025 at $25 per share.
Customers Bancorp reports Q1 2025 earnings; specific figures not provided in filed excerpts
Company issued Q1 2025 earnings press release on April 24, 2025.
Customers Bancorp director Rajeev Date resigns to focus on Circle IPO role
Rajeev V. Date resigns from Customers Bancorp and Customers Bank boards, effective March 31, 2025.
Filing includes a press release and slide presentation for Q4'24 and FY'24 results, but only cover slide is shown in the extracted text.
Issued press release dated October 31, 2024 with unaudited Q3 2024 financial data.
Lyle Cunningham promoted from Chief Lending Officer & Head of Corporate and Specialized Banking to new Chief Banking Officer role.
Customers Bancorp reports Q2 2024 results; specific figures not available in filing excerpt
Press release dated July 25, 2024, and slide presentation furnished as exhibits; full results not included in provided text.
Customers Bancorp authorizes repurchase of up to 497,509 common shares
New buyback plan authorizes up to 497,509 shares over one year from June 26, 2024.
Customers Bancorp shareholders approve 750k-share increase to stock incentive plan; elect directors
Shareholders approved amendment to 2019 Stock Incentive Plan increasing authorized shares by 750,000 to 3,320,325 (29% increase); vote 15.5M for, 9.8M against.
Customers Bancorp amends CFO departure to 'mutual agreement' in new filing
Carla A. Leibold's termination as EVP & CFO effective April 10, 2024, classified as mutual separation.
Customers Bancorp CFO Carla Leibold departs; $2.5M severance, equity forfeited
Carla Leibold separated as CFO on April 10, 2024; agreement signed April 25.
Customers Bancorp reports Q1 2024 results; financial details not in filing excerpt
Press release and investor presentation issued for quarter ended March 31, 2024.
Customers Bancorp CFO Carla Leibold terminated for cause; Philip Watkins named successor
Carla A. Leibold terminated as CFO on April 10, 2024 for violating Company policy; she disputes the characterization.
Customers Bancorp reports Q4 2023 results; specific figures not disclosed in provided text
Filed earnings release and investor slide presentation under Items 2.02 and 7.01.
Customers Bancorp hires Thomas Kasulka as EVP, future Chief Credit Officer; Bowman to retire Dec 31
Tom Kasulka joined Customers Bank on Dec 5 as EVP; will succeed Andrew Bowman as Chief Credit Officer upon his retirement around Dec 31.
Customers Bancorp Q3 2023 earnings filed; no figures provided in excerpt
Issued press release on October 26, 2023 announcing unaudited Q3 2023 financial results.
Customers Bancorp CCO Andrew Bowman to resign by Dec 31, 2023; Ryan Incorvaia promoted to Deputy CCO
Andrew H. Bowman to step down as Chief Credit Officer of Customers Bank around December 31, 2023, to pursue entrepreneurial interests.
Customers Bancorp reports Q2 2023 results; specific figures not available in filing excerpt
Issued press release and posted slide presentation for Q2 2023 on July 27, 2023.
Customers Bancorp acquires $631M loan portfolio from FDIC at 15% discount, hires 30 venture bankers
Acquired $631M venture banking loan portfolio from FDIC at ~85% of book value (15% discount).
Shareholders approve stock plan amendment; RSUs granted to executives
Shareholders approved increase in authorized shares under 2019 Stock Incentive Plan by 740,325 to 2,570,325.
Customers Bancorp announces Q1 2023 results; financial details unavailable in excerpt
8-K filed with Items 2.02 (results) and 7.01 (FD disclosure); press release and slide deck attached.
Customers Bancorp extends deposit processing agreement with BM Technologies through June 30, 2024
Customers Bank and BM Technologies extended their Deposit Processing Services Agreement on March 22, 2023.
Customers Bancorp files 8-K for Q4 2022 earnings; press release and slides not detailed here
Filed 8-K with press release (Ex. 99.1) and investor slides (Ex. 99.2) for Q4 2022.
Customers Bancorp says FTX bankruptcy has no material impact; CBIT deposits stable at $1.85B
No deposit relationship with FTX or related companies; no loans to any digital asset banking clients.
Customers Bancorp settles PPP disputes with Kabbage, reduces accrued fees from $65.5M to $58M
Settlement reduces fees payable to KServicing from ~$65.5M to $58M, less amounts due from KServicing; subject to court approval.
Customers Bancorp reports Q3 2022 results; specific figures unavailable in excerpt
Unaudited financial information for quarter ended September 30, 2022 announced.
Mr. Philip Watkins, currently Executive Vice President, Chief Financial Officer of the Company, will transition to Executive Vice President, Head of Corporate Development and Investor Relations, on or around August 15, 2025.
Mark McCollom has been appointed Executive Vice President, Chief Financial Officer of Customers Bank, the Company’s wholly owned subsidiary, effective June 2, 2025, and will assume the role of Executive Vice President, Chief Financial Officer of the Company from Mr. Watkins effective on or around August 15, 2025.
On May 27, 2025, Daniel K. Rothermel, who was reelected for a one-year term as a member of the board of directors of Customers Bancorp, Inc. (the “Company”) at the Company’s Annual Meeting of Shareholders held on May 27, 2025, and who is also a member of the board of directors of Customers Bank, the Company’s wholly-owned subsidiary, informed the Company that he intends to retire from the board of directors and will not stand for reelection at the Company’s 2026 Annual Meeting of Shareholders.
On March 28, 2025, Rajeev V. Date, a member of the boards of directors of Customers Bancorp, Inc. (the “Company”) and Customers Bank (the “Bank”), the Company’s wholly-owned subsidiary, informed the Company that he intends to resign from the boards of directors of the Company and the Bank, effective as of March 31, 2025, to devote more time to other commitments at his firm,
On April 10, 2024, Carla A. Leibold’s employment as Executive Vice President and Chief Financial Officer of the Company terminated.
Carla A. Leibold, who had served as the Company’s Executive Vice President and Chief Financial Officer from November 2018 through April 10, 2024
On April 12, 2024, Customers Bancorp, Inc (the "Company"), the parent company of Customers Bank, promoted Philip Watkins to Chief Financial Officer of the Company.
Ms. Leibold was notified of her termination from employment with the Company on April 10, 2024, for "cause" under her employment agreement for violating Company policy, which termination was effective immediately.
On August 28, 2023, Andrew H. Bowman notified Customers Bancorp, Inc. (the “Company”) that he intends to resign from his position as Chief Credit Officer of Customers Bank (the “Bank”), the Company’s wholly owned subsidiary, on or around December 31, 2023, to pursue entrepreneurial interests.
On September 1, 2023, the Bank promoted Ryan Incorvaia, Managing Group Director and Senior Credit Officer in the Bank’s Technology & Venture Banking Group, to the role of Deputy Chief Credit Officer of Customers Bank.
On August 24, 2022, the Board of Directors (the "Board") of Customers Bancorp, Inc. (the "Company"), appointed Raj Date to serve as a director, effective as of September 28, 2022.
On March 24, 2022, Rick B. Burkey, a member of the board of directors of Customers Bancorp, Inc. (the “Company”) and Customers Bank, the Company’s wholly-owned subsidiary, informed the Company that he intends to retire from the board of directors and will not stand for reelection at the Company’s 2022 Annual Meeting of Shareholders.
Max materiality 0.85 · Median 0.50 · Most common event leadership