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Sam Sidhu
Customers Bancorp to repurchase up to $100M of stock
Stacy Wescoe//February 12, 2026//
Listen to this articleThe board of directors of Customers Bancorp Inc., the holding company for West Reading-based Customers Bank, has authorized a new common stock repurchase plan, providing the company the discretion to purchase up to $100 million of its outstanding common stock over a one-year period.
“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, CEO 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 that provides us flexibility to deploy capital strategically while continuing to support our clients and our long-term growth strategy.”
He said the timing, price, and quantity of repurchases under the common stock repurchase plan will be at the discretion of Customers Bancorp and will depend on various factors, including Customers Bancorp capital position, liquidity, financial performance, alternative uses of capital, stock trading price, regulatory requirements and limitations, and general market conditions.
Sidhu also noted that the repurchase plan does not obligate Customers Bancorp to repurchase any particular number of shares, and it may be suspended or terminated at any time.
Customers Bancorp expects to fund any repurchases with cash on hand.
