Customers Bancorp

Customers Bancorp, Inc. operates as a bank holding company, which engages in the provision of banking services through its subsidiary, Customers Bank. It operates through the Customers Bank Business Banking and BankMobile segments. The Customers Bank Business Banking segment includes commercial customers in Southeastern Pennsylvania, New York, New Jersey, Massachusetts, Rhode Island, New Hampshire, Washington, D.C., and Illinois through a single-point-of-contact business model and provides liquidity to residential mortgage originators nationwide through commercial loans to mortgage companies. The BankMobile segment focuses on high-tech digital banking and disbursement services to consumers, students and the under banked nationwide, along with Banking as a Service offerings with existing and potential white label partners. The company was founded in 1997 and is headquartered in West Reading, PA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Customers Bancorp surpasses earnings targets, eyes growth moderation in 2023

Customers Bancorp delivered strong financial performance in Q4 2022 and full-year 2022.
Strategic priorities for 2023 include growth moderation, margin improvement, and stock buybacks.
Challenges with PPP loans impacted Q4 2022 results but are being managed.
Opportunities lie in optimizing margins, enhancing client service, and capitalizing on low-risk lending.

Customers Bancorp excels in Q1 2023, focuses on growth and stability

Customers Bancorp delivered a strong performance in Q1 2023, surpassing street estimates and demonstrating robust financial metrics. The bank's focus on deposit franchise improvement and balance sheet strengthening was evident.
While challenges exist in managing expenses and navigating uncertainties in the commercial real estate sector, the bank's proactive approach to building capital reserves and attracting talent presents opportunities for growth.
Overall, Customers Bancorp's prudent risk management strategies, focus on credit quality, and efforts to enhance its capital base position it well for future success and resilience in a dynamic economic environment.

Customers Bancorp exceeds Q2 expectations, eyes niche vertical growth

Customers Bancorp's Q2 performance showcased strength in core operations and strategic transactions, driving improved financial metrics. While facing challenges like increased expenses and deposit mix shifts, the bank remains focused on maintaining a strong balance sheet. Opportunities lie in niche vertical growth and leveraging the benefits of recent acquisitions for future expansion.

Customers Bancorp (CUBI) surpasses Q3 estimates, eyes growth opportunities

Customers Bancorp (CUBI) reported strong Q3 results, exceeding expectations and showcasing a focus on maintaining strong capital ratios, managing risks, and driving profitability. The company is optimistic about surpassing 2023 EPS targets, maintaining a strong capital position, and providing a positive outlook for 2024.

Customers Bancorp excels in Q4 2023, eyes growth opportunities

Customers Bancorp's Q4 2023 earnings call highlighted strong financial metrics, achievements in meeting past promises, and strategic focus areas for 2024. Challenges include substandard loans and declining specialty lending balances, while opportunities lie in growth avenues from market share gains and strategic reinvestment.

Customers Bancorp reports robust Q1 performance and eyes growth opportunities

Customers Bancorp's Q1 2024 performance reflects strong deposit growth, disciplined loan strategies, and robust asset quality. The company's focus on key metrics and growth areas showcases a commitment to financial stability and expansion. Challenges lie in optimizing efficiencies and managing concentrations, while opportunities exist in NIM expansion and deposit strategy enhancements.
Executives' excitement about future opportunities, coupled with the addition of new banking teams, signals a positive outlook for Customers Bancorp. The company's strategic priorities align with industry trends, emphasizing growth, efficiency, and maintaining strong capital levels.

Customers Bancorp (CUBI) exceeds earnings estimates and targets, eyes growth

Customers Bancorp (CUBI) showcased a strong financial performance in Q2 2024, with notable achievements in loan growth, margin expansion, and tangible book value growth. While facing challenges related to increased expenses, the company has opportunities to optimize its deposit mix and enhance expense management. Overall, the company's focus on maintaining liquidity, credit quality, and growth bodes well for its future outlook.

Customers Bancorp reports robust Q3 performance and outlines growth strategy

Customers Bancorp's Q3 2024 earnings call highlighted strong performance metrics, strategic initiatives, and a positive outlook. Despite challenges in expenses and net interest margin, the bank's focus on growth and client service positions it well for the future.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Customers Bancorp, Inc. engages in the provision of banking services through its subsidiary, Customers Bank. The firm also provides banking products such as loans and deposits to businesses and consumers through its branches, limited production, and administrative offices. The company was founded in 1997 and is headquartered in Malvern, PA.

WEST READING, Pa.--( BUSINESS WIRE )--Customers Bancorp, Inc. (NYSE:CUBI)

Customers Bancorp Reports Results for Full Year and Fourth Quarter 2022

Customers Bancorp (CUBI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Customers Bancorp (CUBI) Surges 7.7%: Is This an Indication of Further Gains?

Banco Bilbao Vizcaya Argentaria

Citigroup

Bancolombia

KB Financial Group

New York Community Bancorp

Stewart Information Services

With a stressful year behind us, it's time to buy undervalued stocks, including the seven bargain financial stocks we'll discuss today. Historically, this industry is known for sizable dividends and strong profitability, especially now with rising interest rates.

7 Bargain Financial Stocks Selling Below Their Book Value

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Customers Bancorp (CUBI) Stock Undervalued Right Now?

WEST READING, Pa.--( BUSINESS WIRE )--Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EST on Thursday, January 26, 2023, to report its earnings results for the three months and year ending December 31, 2022. The call will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Chief Financial Officer Carla Leibold, and Chief Credit Officer Andrew Bowman.

Customers Bancorp, Inc. to Host Fourth Quarter and Year-End Earnings Webcast on January 26, 2023

LOS ANGELES--( BUSINESS WIRE )--The Btech Consortium announces the launch of a strategic technology partnership between U.S. community banks, Elizabeth Park Capital Management, and Strandview Capital. The mission of the Btech Consortium is to empower community banks to compete more effectively with larger money-center banks, decrease their constraints due to legacy technology, and serve their local communities better.

Btech Consortium Launches to Advance Community Bank Technology

WEST READING, Pa.--( BUSINESS WIRE )--Customers Bancorp, Inc. (NYSE: CUBI) the holding company which owns banking subsidiary Customers Bank (the "Bank") with assets over $20 billion and a leading provider of banking services to technology companies, announced today that the bankruptcy of FTX and its related companies has no material impact on the Bank.

Customers Bancorp, Inc. Provides Digital Asset Banking Update

Many stocks have been hammered this year, creating lots of potential long-term buying opportunities.

The Market Is Sleeping on This Stock. It's Time to Buy

Customers Bancorp, Inc. (NYSE: CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.53289158 per share. The dividend is payable on December 15, 2022, to shareholders of record on November 30, 2022.

Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E, and Series F Preferred Stock

Customers Bancorp, Inc. (NYSE:CUBI ) Q3 2022 Earnings Conference Call October 27, 2022 9:00 AM ET Company Representatives Jay Sidhu - Executive Chairman Sam Sidhu - Vice Chairman, President, Chief Executive Officer Carla Leibold - Executive Vice President, Chief Financial Officer Andrew Bowman - Executive Vice President, Chief Credit Officer David Patti - Communications Director Conference Call Participants Peter Winter - D. A. Davidson Frank Schiraldi - Piper Sandler David Bishop - The Hovde Group Matthew Breese - Stephens Bill Dezellem - Tieton Capital Management Operator Ladies and gentlemen, thank you for standing by.

Customers Bancorp, Inc. (CUBI) Q3 2022 Earnings Call Transcript

Customers Bancorp (CUBI) delivered earnings and revenue surprises of 11.21% and 15.02%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Customers Bancorp (CUBI) Q3 Earnings Beat Estimates

Customers Bancorp Reports Results for Third Quarter 2022

Customers Bancorp (CUBI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Customers Bancorp (CUBI) Q3 Earnings Expected to Decline

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #banking--CUBI to announce 3rd Quarter 2022 earnings on Thursday, October 27, 2022 at 9:00 AM EDT.

Customers Bancorp, Inc. to Host Third Quarter Earnings Webcast on October 27, 2022

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #AnnualMeeting--Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), has appointed Raj Date, Managing Partner of Fenway Summer LLC, a Washington DC-based investment and advisory firm and the first-ever Deputy Director of the U.S. Consumer Financial Protection Bureau (CFPB), to the Board of the holding company and bank. Customers Bancorp is a digital-forward financial services provider that has made use of extensive partnersh

Former Consumer Financial Protection Bureau Regulator Joins Board at Customers Bancorp

The bank has generated strong results recently and trades at a weak valuation.

This Tech-Driven Bank Stock Is Still Dirt Cheap

Customers Bancorp, Inc. (NYSE:CUBI ) Q2 2022 Earnings Conference Call July 28, 2022 9:00 AM ET Company Participants David Patti - Communications Director Jay Sidhu - Executive Chairman Sam Sidhu - Vice Chairman, President and Chief Executive Officer Carla Leibold - Executive Vice President, Chief Financial Officer Andrew Bowman - Executive Vice President and Chief Credit Officer Conference Call Participants Peter Winter - Wedbush Securities Steve Moss - B. Riley Securities David Bishop - Hovde Group Matthew Breese - Stephens Inc. Operator Hello and welcome to Customers Bancorp Inc., Second Quarter 2022 Call.

Customers Bancorp, Inc. (CUBI) CEO Sam Sidhu on Q2 2022 Results - Earnings Call Transcript

The consensus price target hints at a 66% upside potential for Customers Bancorp (CUBI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Believe Customers Bancorp (CUBI) Could Rally 66%: Here's is How to Trade

Customers Bancorp (CUBI) delivered earnings and revenue surprises of -1.67% and 0.28%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Customers Bancorp (CUBI) Lags Q2 Earnings and Revenue Estimates

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #FinTech--CUBI Earnings: Core loans increased $2.2 billion in Q2 2022, up 18.7% from Q1 2022. “We remain very excited and optimistic about our future.”

Customers Bancorp Reports Results for Second Quarter 2022

MALVERN, Pa.--(BUSINESS WIRE)--Customers Bank, a digital-forward super-community bank with a growing number of operations across the nation and the bank subsidiary of Customers Bancorp, Inc. (NYSE:CUBI), announced today that it will be consolidating its Pennsylvania branches and transferring the accounts from five (5) branches to other branches in the region. The move is part of an overall strategy of continued national expansion which may include additional branches in new markets at a future

Customer Bank to Consolidate Five Pennsylvania Branches

The stock is rising along with other tech, bank, and crypto stocks this week.

Why Shares of Customers Bancorp Are Rising This Week

Is Customers Bancorp (CUBI) a Great Value Stock Right Now?

The mean of analysts' price targets for Customers Bancorp (CUBI) points to a 95% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

How Much Upside is Left in Customers Bancorp (CUBI)? Wall Street Analysts Think 95%

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #FinTech--Customers Bancorp (NYSE: CUBI) will report earnings for the 3 months and 6 months ending June 30, 2022 at 9:00 AM EDT on Thurs, July 28, 2022.

News for Customers Bancorp Stock (CUBI)