Customers Bancorp, Inc. (NYSE:CUBI) Q2 2023 Earnings Conference Call July 28, 2023 9:00 AM ET

Company Participants

David Patti – Director of Communications

Jay Sidhu – Executive Chairman

Sam Sidhu – President and Chief Executive Officer

Carla Leibold – Executive Vice President and Chief Financial Officer

Conference Call Participants

Michael Perito – KBW

Casey Haire – Jefferies

Frank Schiraldi – Piper Sandler

Peter Winter – D.A. Davidson

Matthew Breese – Stephens

Bill Dezellem – Tieton Capital Markets

Operator

Good morning. My name is Rob, and I will be your conference operator today. At this time, I would like to welcome everyone to the Customers Bancorp Second Quarter 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]

Thank you David Patti, Director of Communications. You may begin your conference.

David Patti

Thank you, Rob, and good morning everyone. Thank you for joining us for the Customers Bancorp's earnings call for the second quarter of 2023. The presentation deck you will see during today's webcast has been posted on the Investor Relations page of the bank's website at customersbank.com. You can scroll to Q2 2023 results and click Download Presentation. You can also download a PDF of the full press release at the spot. Our investor presentation includes important details that we will walk through on this morning's webcast. I encourage you to download and use the document.

Before we begin, we would like to remind you that some of the statements we make today may be considered forward-looking. These forward-looking statements are subject to a number of risk and uncertainties that may cause actual performance results to differ materially from what is currently anticipated. Please note that these forward-looking statements speak only as of the date of this presentation, and we undertake no obligation to update these forward-looking statements in light of new information or future events except to the extent required by applicable securities laws. Please refer to our SEC filings, including our Form 10-K and 10-Q for a more detailed description of the risk factors that may affect our results. Copies may be obtained from the SEC or by visiting the Investor Relations section of our website.

At this time, it's my pleasure to introduce to you, Customers Bancorp Chair, Jay Sidhu.

Jay Sidhu

Thank you, Dave, and good morning, ladies and gentlemen. Welcome to Customer Bancorp's second quarter 2023 earnings call. Joining me this morning are President and CEO of our bank, Sam Sidhu; Customers Bancorp's CFO, Carla Leibold; Chief Credit Officer, Andy Bowman; and our bank CFO and Head of Corporate Development, Phil Watkins. We are very pleased with our second quarter results as we executed seamlessly on our strategic priorities and delivered one of the parts strongest quarters to date. Despite all of the challenges banks are facing this year, we are pleased that we are not only delivering on our promises to our clients and to our investors, but finding opportunities in these challenging times. Please join me in thanking all of our team members across the bank, who will continue to work tirelessly every single day on executing superbly on our short-term as well as our long-term priorities.