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.

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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.

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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 Bank, a digital-forward top 100 bank in the nation with $20 billion in assets, experienced exponential growth over the last two years as a result of participating in approximately 347,000 Paycheck Protection Program loans with an aggregate value of $10 billion and the launch of its blockchain-based real-time payments platform for cryptocurrency and digital asset institutions that drove $1.5 billion in deposits. As a result of these products and the

Customers Bank Rebrands Signaling Future Opportunities

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Customers (CUBI) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Customers (CUBI): Strong Industry, Solid Earnings Estimate Revisions

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Core loan growth continues to increase at an accelerating pace.

Customers Bancorp: Adding Blockchain To Accelerate Growth

Customers Bancorp's (CUBI) CEO Jay Sidhu on Q3 2021 Results - Earnings Call Transcript

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #Earnings--Customers Bancorp reports record 3Q results – net income $110.2 million, or $3.25/ diluted share, up 120% over 3Q 2020

Customers Bancorp Reports Record Third Quarter 2021 Results

WEST READING, Pa. & NEW YORK--(BUSINESS WIRE)---- $CUBI #Blockchain--Customers Bank and Tassat Group Inc., announced today the launch of Customers Bank Instant Token on TassatPay, a blockchain-based RTP platform.

Customers Bank and Tassat Launch Blockchain-Enabled Instant Payments on TassatPay™

Does Customers Bancorp (CUBI) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Customers Bancorp (CUBI) is a Great Choice

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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.

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WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #Earnings--Customers Bancorp (CUBI) will host a webcast at 9:00 AM EDT on Thurs, Oct 28, 2021, to report third quarter 2021 earnings.

Customers Bancorp, Inc. to Host Third Quarter 2021 Earnings Webcast on October 28, 2021

Customers Bancorp (CUBI) possesses solid growth attributes, which could help it handily outperform the market.

Looking for a Growth Stock? 3 Reasons Why Customers Bancorp (CUBI) is a Solid Choice

The announcement of a new share-repurchase program reflects Customers' (CUBI) robust balance sheet and its ability to augment shareholder value. It also upgraded the EPS guidance for 2021.

Customers (CUBI) Announces Buyback Plan, 2021 Guidance Up

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #buybacks--Customers Bancorp (NYSE: CUBI) announced its Board authorized a share repurchase plan for up to 10% of outstanding common stock as of June 30, 2021

Customers Bancorp Announces Common Stock Repurchase Plan and Updates 2021 Core EPS Guidance

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #PreferredStock--Customers Bancorp is redeeming, in whole, its Series C and Series D Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock on Sept. 15, 2021.

Customers Bancorp Announces Full Redemption of Series C Preferred Stock and Series D Preferred Stock

Core loan growth is poised to accelerate in the second half of the year through multiple commercial lending categories. Profitability metrics are trending more positive and earnings momentum is likely to drive a higher valuation in the near future.

Customers Bancorp: I Continue To Remain Bullish Even With Shares At All-Time Highs

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #SeniorNotes--Customers Bancorp announces closing a public offering of $100MM aggregate principal amount of 2.875% Fixed-to-Floating Rate Senior Notes due 2031.

Customers Bancorp Announces Closing of $100,000,000 Senior Notes Offering

Customers Bancorp, Inc. (CUBI) Management on Q2 2021 Results - Earnings Call Transcript

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #Dividends--Customers Bancorp declared a quarterly cash dividends on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C, D, E & F

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

Customers Bancorp (CUBI) delivered earnings and revenue surprises of -15.38% and -6.37%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Customers Bancorp (CUBI) Misses Q2 Earnings and Revenue Estimates

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #Earnings--Customers Bancorp reports Q2 2021 results - record Net Income of $58.0 million, or $1.72 Per Diluted Share, ROAA of 1.27% and ROCE of 23.22%

Customers Bancorp Reports Second Quarter 2021 Results

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #PPPloans--Customers Bank, one of the nation's leading PPP lenders, announced it will partner with the SBA to deliver digital loan forgiveness to borrowers.

Customers Bank Partners with SBA on PPP Loan Forgiveness Portal

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.

News for Customers Bancorp Stock (CUBI)