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 (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

Customers Bank Ranked 6th by Bankrate as a Best Online Bank of 2021

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #earnings--Customers Bancorp, Inc. will host a webcast at 9:00 AM EDT on Thursday, January 28, 2021, to report 4th quarter earnings.

Customers Bancorp, Inc. to Host Fourth Quarter 2020 Earnings Webcast on January 28, 2021

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #Loan--Customers Bank opens PPP loan application portal; will also provide white label turnkey solution for other lenders

Customers Bank Opens PPP Loan Application Portal; Will Also Provide White Label Turnkey Solution for Other Lenders

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI--Customers Bank is offering banks, credit unions, community development financial institutions, minority deposit institutions, microfinance institutions, and other lenders and non-profits a “white label” turnkey end-to-end PPP origination, funding, and loan forgiveness solution. There are numerous reports of PPP fatigue – lenders that simply do not have the capacity or desire to offer new PPP loans or PPP Second Draft loans to previous borrowers yet want to be

Customers Bank Creates White Label Turnkey Solution Empowering Lenders to Participate in PPP Loan Programs

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WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI--Customers Bancorp (NYSE:CUBI) was recently identified as one of the “best financial stocks to buy” in 2021 by Kiplinger.

Customers Bancorp Listed in Kiplinger's 6 Best Financial Stocks to Buy in 2021

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #earnings--Customers Bank selected by Everbridge from hundreds of global nominations as winner of 2020 Best Example of Making an Impact on Business.

Customers Bank Wins Prestigious Global Everbridge Critical Event Management Impact Award

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WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI--Customers Bancorp and Megalith Financial Acquisition Corp. announced business combination of Megalith and BankMobile expected to close Jan. 4, 2021.

Customers Bancorp Provides Additional Information About BankMobile Divestiture

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #earnings--Customers Bancorp reports financial performance quarter-to-date has remained favorable … net interest margin is forecasted to expand to about 3.00%

Customers Bancorp Discloses Favorable Mid-Quarter Financial Trends

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #BankMobile--Customers Bancorp announced 12/18/20 as record date for conditional special distribution made to shareholders in connection with pending transaction.

Customers Bancorp Announces Record Date For Conditional Special Distribution In Connection With BankMobile Divestiture

WEST READING, Pa. & NEW YORK--(BUSINESS WIRE)---- $CUBI #MaxMyInterest--Customers Bank announced a nationwide collaboration w/ MaxMyInterest an intelligent cash management platform for individuals and financial advisors.

Customers Bank Joins MaxMyInterest Platform to Offer Ultra-Fast Account Opening and Premium Interest Rates

An idea featured two weeks ago. A regional bank with no operational red flags.

How We Played The Undervalued Customers Bancorp

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #BankMobile--Merger agreement of MFAC, CUBI and BankMobile amended terms so Class A shares received as payment will now be issued directly to the shareholders.

Customers Bancorp Announces Plans to Distribute Shares of BM Technologies' Common Stock Directly to Stockholders

Customers Bancorp (CUBI) CEO Jay Sidhu on Q3 2020 Results - Earnings Call Transcript

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #EPS--Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank and its operating division BankMobile (collectively “Customers” or "CUBI"), today reported third quarter 2020 ("Q3 2020") net income to common shareholders of $47.1 million, or $1.48 per diluted share. Core earnings (a non-GAAP measure) for Q3 2020 totaled $38.2 million. or $1.20 per diluted share. “We are thrilled to report another strong quarter of financial results despite a challen

Customers Bancorp Reports Record Third Quarter 2020 Results

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #banking--Customers Bancorp, Inc. (NYSE: CUBI) will host a webcast at 9:00 AM EDT on Thur Oct 29, 2020, to report third quarter earnings.

Customers Bancorp, Inc. to Host Third Quarter 2020 Earnings Webcast on October 29, 2020

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #CRE--Customers Bank reiterated guidance; active deferments decreased to 4% of gross loans at 8/31; nonperforming assets expected below $80 million by 9/30.

Customers Bancorp Discloses Healthy Credit Quality & Declining Loan Deferrals; Reiterates Financial Guidance

Customers Bancorp, Inc. (CUBI) CEO Jay Sidhu on Q2 2020 Results - Earnings Call Transcript

Customers Bancorp (CUBI) delivered earnings and revenue surprises of 45.24% and 5.67%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Customers Bancorp (CUBI) Q2 Earnings and Revenues Beat Estimates

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #EPS--Customers Bancorp, Inc.

Customers Bancorp Reports Strong Second Quarter 2020 Results

WYOMISSING, Pa.--(BUSINESS WIRE)---- $CUBI #earnings--Customers Bancorp will host a webcast at 9:00 AM EDT on Thurs, July 30, 2020 to report earnings results for the three months ending June 30, 2020.

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