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.

Customers Bancorp (NYSE:CUBI) releases its next round of earnings this Wednesday, April 28. Get the latest predictions in Benzinga's essential guide to the company's Q1 earnings report.

Earnings Outlook For Customers Bancorp

PPP-related lending is likely to drive a considerable amount of revenue growth and tangible book value growth.

Customers Bancorp: Even After A Massive Run, Strong Financials Are Likely To Drive Continued Outperformance

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #earnings--Customers Bancorp, Inc. (NYSE: CUBI) will host a webcast at 9:00 AM EDT on Thursday, April 29, 2021.

Customers Bancorp, Inc. to Host First Quarter 2021 Earnings Webcast on April 29, 2021

Let's see if Customers Bancorp (CUBI) stock is a good choice for value-oriented investors right now from multiple angles.

Should Value Investors Choose Customers Bancorp (CUBI) Stock?

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI--After more than a half-century of successful banking leadership, Richard A. (“Dick”) Ehst will retire from his post as President and Chief Executive Officer of Customers Bank, a subsidiary of Customers Bancorp, Inc. (NYSE:CUBI). Samvir (“Sam”) Sidhu, currently Vice Chairman and Chief Operating Officer, has been named as Ehst's successor. The retirement and succession are effective July 1, 2021. Sam Sidhu served as a Board Member of Customers Bank for eight ye

Richard A. Ehst to Retire as Customers Bank's President and Chief Executive Officer After 50-Year Banking Career; Sam Sidhu Named as Successor

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

What Makes Customers Bancorp (CUBI) a Strong Momentum Stock: Buy Now?

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

How Customers Bancorp (CUBI) Stock Stands Out in a Strong Industry

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WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI--Customers Bank, a top-5 ranked Paycheck Protection Program (PPP) lender in both 2020 and the current round of federal stimulus, recognized that some of the smallest businesses, including sole proprietors, independent contractors, self-employed individuals and mom-and-pop businesses, as well as those with Individual Taxpayer Identification Numbers (ITINs) continue to struggle to access the federal stimulus they need due to the calculation method for PPP loan a

Customers Bank Backs SBA's Stronger Support for Sole Proprietors, Independent Contractors, Self-Employed Individuals, as well as Mom-and-Pop Businesses

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WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI--Customers Bank, a top-5 nationally ranked PPP lender that participated in more than 100,000 SBA-approved PPP loans during the first rounds of the federal stimulus providing an aggregate value of more than $5 billion to small businesses, announced its newest financial account designed specifically to help businesses through this next phase of recovery. The ReStart America Biz Checking account provides a 1.00% APY* for 28 weeks. For nearly a year, the pandemic

Customers Bank Introduces ReStart America Biz Checking Account

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Loan balances will likely decline throughout 2021 due to Paycheck Protection Program forgiveness and a decline in the mortgage refinance activity. The provision expense will likely dip below a normal level this year due to the allowances already built for pandemic-driven losses. The provision expense will likely normalize in 2022.

Customers Bancorp: Earnings To Receive A Temporary Boost This Year

Customers Bancorp (CUBI) CEO Jay Sidhu on Q4 2020 Results - Earnings Call Transcript

Customers Bancorp (CUBI) delivered earnings and revenue surprises of 25.00% and -0.65%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Customers Bancorp (CUBI) Beats Q4 Earnings Estimates

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #Earnings--Customers Bancorp reports record Q4 and Full Year results. Q4 EPS $1.65; up 121% YoY; Full Year EPS $3.74 up 83% YoY.

Customers Bancorp Reports Record Fourth Quarter 2020 Results

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI--Customers Bank has well over 50,000 (PPP) loans in process and expects to begin work on tens of thousands of additional applications in coming days.

Customers Bank Among the Top PPP Round 3 Lenders

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI--Customers Bank was recently identified as one of the “Best Online Banks of 2021” by Bankrate. The news service – which provides consumer and commercial audiences with unbiased analysis of rate information, industry news and knowledge to make informed financial decisions – gathered information and reviewed thousands of data points to determine the best banks in the nation. Customers Bank finished among the top six. “Being ranked as a top digital bank reaffirms

News for Customers Bancorp Stock (CUBI)