WEST READING, PA — Customers Bancorp, Inc. (NYSE: CUBI) said its board of directors on February 11, 2026 authorized a new common stock repurchase program allowing the company to buy back up to $100 million of its outstanding shares over the next year.
The holding company for Customers Bank said repurchases will be made at management’s discretion and depend on factors including capital levels, liquidity, financial performance, market conditions and regulatory requirements.
The program does not obligate the company to repurchase a specific number of shares and may be suspended or terminated at any time, the company said. Repurchases may occur through open market transactions, privately negotiated deals or plans that comply with Rule 10b5-1 of the Securities Exchange Act of 1934. The company said it expects to fund any buybacks with cash on hand.
Chief Executive Officer Sam Sidhu said the authorization follows efforts to strengthen the company’s capital position and grow earnings. “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 that provides us flexibility to deploy capital strategically,” Sidhu said.
Customers Bancorp reported more than $24 billion in assets and operates as a bank holding company offering commercial and consumer banking services nationwide.
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