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)---- $CUBI #GeneralCounsel--Customers Bancorp, Inc. (NYSE: CUBI) announced today that Andrew B. Sachs, an attorney with nearly 13 years of experience in the areas of securities and corporate law with a focus on advising companies and their boards on a variety of growth and expansion issues, has joined as Executive Vice President, General Counsel and Corporate Secretary. He replaces Michael A. DeTommaso, who is retiring from these roles. DeTommaso will remain with the bank as a Senior Le

Customers Bancorp, Inc. Announces Andrew B. Sachs as New General Counsel

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #Earnings--Customers Bancorp, Inc. (NYSE: CUBI) will host webcast at 9:00 AM EDT, Thurs, July 29, 2021, to report earnings for the 3 months ending June 30, 2021.

Customers Bancorp, Inc. to Host Second Quarter 2021 Earnings Webcast on July 29, 2021

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

Why Customers Bancorp (CUBI) Stock Might be a Great Pick

As of late, it has definitely been a great time to be an investor in Customers Bancorp, Inc. (CUBI).

Customers Bancorp's (CUBI) Shares March Higher, Can It Continue?

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI--Customers Bank, the super-community bank subsidiary of Customers Bancorp (NYSE: CUBI) with $18.8 billion of assets at March 31, 2021, this week announced the promotion of Jessie John Velasquez to Executive Vice President, Chief Accounting Officer; the hiring of Lisa L. Schmoke as Senior Vice President, Corporate Controller; and the promotion of ThanhNga (Julia) Hoang to Vice President, SEC Reporting Manager. “These are three extraordinary professionals who br

Customers Bank Announces Promotions and New Hire in Accounting Department

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WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI--Customers Bank is pleased to announce Jennifer Frost has been promoted to Executive Vice President and Chief Administrative Officer. Frost will also join the Management Board. Previously, Frost served as senior vice president, deputy chief administrative officer and was responsible for leading the bank's efforts to digitize many of the institution's operations and processes, as well as the products and services, with a focus on providing greater convenience a

Customers Bank Promotes Jennifer Frost to Executive Vice President, Chief Administrative Officer

As of late, it has definitely been a great time to be an investor of Customers Bancorp (CUBI)

Will Customers Bancorp (CUBI) Continue to Surge Higher?

NEW YORK--(BUSINESS WIRE)---- $CUBI--Customers Bank, a digital forward super-community bank with approximately $18.8 billion in assets, has hired Joseph M. Pennini as Managing Director and Head of Fund Finance. Pennini will expand the bank's private equity lending practice and grow its treasury services business as part of its continued national expansion effort. “We are delighted to have Joe lead the bank's coverage of Private Equity and Hedge Fund clients. Customers Bank is making a targeted effort to

Customers Bank Expands Fund Financing Focus With Strategic Hires

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI--For the fourth year in a row, Customers Bank was recognized by the Pennsylvania Housing Finance Agency as a top-10 lending partner. Customers Bank placed 6th overall, advancing from 7th in the previous year. And for the fourth consecutive year, Customers Bank was ranked as the #1 lender in the Loans to Minority First-time Homebuyers category. All three of the bank's CRA loan officers, Elsie Maduro, Crystal Weston and Rosa Hernandez, were recognized as top pro

Customers Bank Ranked Among Top Producing Mortgage Lenders by Pennsylvania Housing Finance Agency for Fourth Consecutive Year

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WYOMISSING, Pa.--(BUSINESS WIRE)---- $CUBI #AnnualMeeting--CUBI shareholders for annual meeting today electing two directors, appointing Deloitte & Touche as auditors and supporting a non-binding “say on pay.”

Customers Bancorp Shareholders Overwhelmingly Approve Proposals in Online Annual Meeting

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WEST READING, Pa. & NEW YORK--(BUSINESS WIRE)---- $CUBI #blockchain--Customers Bank &Tassat announced the use of TassatPay® Network, a blockchain technology, to provide clients real-time B2B payments.

Customers Bank Partners with Tassat to Implement a Blockchain-Based B2B Payments Network to Meet Needs of Business Clients

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WEST READING, Pa. & SAN MATEO, Calif.--(BUSINESS WIRE)--Customers Bank Expands Consumer Installment Loan Program with Upstart

Customers Bank Expands Consumer Installment Loan Program With Upstart

ORLANDO, Fla.--(BUSINESS WIRE)---- $CUBI--Customers Bank, a digital forward financial institution with approximately $18.8 billion in assets that provides exceptional banking experiences to consumer and commercial clients, is building upon its national recognition for providing innovative banking products and services to commercial clients to advance its national expansion. The next phase of the expansion includes opening a new office in Orlando, Florida, as well as a new office in Dallas, Texas and exte

Customers Bank Ramps Up National Expansion

DALLAS--(BUSINESS WIRE)---- $CUBI--Customers Bank, a digital forward consumer and commercial bank with approximately $18.8 billion in assets, is building upon its national recognition for providing innovative banking products and services to commercial clients to advance its national expansion. The next phase of the expansion includes opening a new commercial banking office in the Dallas-Fort Worth area, located in the iconic Crescent building in Dallas, as well as a new office in Orlando, Florida and ex

Customers Bank Furthers National Expansion

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI--Customers Bank is building upon its national recognition for providing innovative banking products and services to commercial and consumer clients to advance its national expansion. The next phase of the national expansion will include new offices in Florida and Texas, and an expansion of its presence in the Midwest. The first office in Florida will be located in Orlando. The first office in Texas will be opened in Dallas. The Midwest team is based in Chicago

Customers Bank Continues National Expansion

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Customers Bancorp (CUBI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Customers Bancorp (CUBI) Hits 52-Week High, Can the Run Continue?

Customers Bancorp, Inc. (CUBI) Management on Q1 2021 Results - Earnings Call Transcript

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #earnings--Customers Bancorp reports Q1 2021 Net Income $33.2 million or $1.01/diluted share; record core earnings of $70.3 million, or $2.14/diluted share.

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