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Customers Bancorp CUBI Reportable Segment — Loss on redemption of preferred stock
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Where this comes from
Reported directly by Customers Bancorp in its filing.
Tagged under the XBRL concept us-gaap:PreferredStockRedemptionPremium.
The source filing: Customers Bancorp’s 10-Q, filed August 7, 2026.
- Filed
- Aug 7, 2026, 4:38 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001488813-26-000095
| Segment profit or loss / (amounts in thousands, except per share data) | Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 |
|---|---|---|---|---|
| Income tax expense | 17,891 | 17,963 | 38,545 | 16,939 |
| Segment net income | 71,560 | 60,939 | 141,213 | 73,851 |
| Preferred stock dividends | — | 3,185 | — | 6,574 |
| Loss on redemption of preferred stock | — | 1,908 | — | 1,908 |
| Segment net income available to common shareholders | $71,560 | $55,846 | $141,213 | $65,369 |
| Reconciliation of profit or loss | ||||
| Adjustments and reconciling items | — | — | — | — |
| Consolidated net income available to common shareholders | $71,560 | $55,846 | $141,213 | $65,369 |
Item 1. Customers Bancorp, Inc. Consolidated Financial Statements as of June 30, 2026 and for the three and six month periods ended June 30, 2026 and 2025 (unaudited)
FAQ
- What is Customers Bancorp's reportable segment — loss on redemption of preferred stock?
- Customers Bancorp (CUBI) reported reportable segment — loss on redemption of preferred stock of $0 in Q2 2026.
- What does reportable segment — loss on redemption of preferred stock mean?
- This metric represents the financial loss incurred when the company repurchases or retires preferred stock at a price exceeding its carrying value. It reflects the cost of capital restructuring and impacts the net income attributable to common shareholders. Investors monitor this to understand the impact of capital management decisions on equity value.
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