CUBI · Customers Bancorp, Inc 5.375% S

The 2026 Annual Shareholder Letter, distributed under Item 7.01, outlines a sustained period of high performance for Customers Bancorp, characterized by organic, deposit-led growth. The Company reported total assets of $24.9 billion for FY2025, achieving a 14% compound annual growth rate (CAGR) since 2019. This growth trajectory was supported by a 16% CAGR in total deposits, reaching $20.8 billion, and a 9% CAGR in total loans, which totaled $16.8 billion. Profitability metrics also demonstrated significant strength, with Core Earnings Per Share rising to $7.61 in 2025 from $5.60 in 2024. This performance positioned the Company as the top core EPS compounder among U.S. banks with assets between $20 billion and $100 billion. Tangible Book Value Per Share increased to $61.77, reflecting a 15%+ CAGR. Capital position remained robust, with the CET1 capital ratio standing at 13.0% and Tangible Common Equity to Tangible Assets at 8.5%. The letter highlights the success of the Company's 'Single Point of Contact' business model and branch-lite strategy, which facilitated a Net Promoter Score of 81, well above the industry benchmark. Additionally, strategic talent recruitment since 2023 has added 18 new commercial banking teams, contributing significantly to deposit growth. The disclosure emphasizes that the information is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934.