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.

NEW YORK, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Customers Bancorp, Inc. (“Customers Bancorp” or the “Company”) (NYSE:CUBI) on behalf of Customers Bancorp stockholders. Our investigation concerns whether Customers Bancorp has violated the federal securities laws and/or engaged in other unlawful business practices.

CUSTOMERS BANCORP ALERT: Bragar Eagel & Squire, P.C. is Investigating Customers Bancorp, Inc. on Behalf of Customers Bancorp Stockholders and Encourages Investors to Contact the Firm

OAKLAND, Calif.--(BUSINESS WIRE)---- $CUBI #CUBI--Gibbs Law Group is investigating a potential securities class action lawsuit on behalf of Customers Bancorp, Inc. (NYSE: CUBI) investors.

Lost Money in Customers Bancorp, Inc.? Gibbs Law Group Investigates Potential Securities Law Violations

NEW YORK, NY / ACCESSWIRE / August 8, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Customers Bancorp, Inc ("Customers Bancorp" or "the Company") (NYSE:CUBI). Investors who purchased Customers Bancorp securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/CUBI.

CUBI SHAREHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into Bancorp, Inc and Encourages Investors to Contact the Firm!

NEW YORK, NY / ACCESSWIRE / August 7, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Customers Bancorp, Inc ("Customers Bancorp" or "the Company") (NYSE:CUBI). Investors who purchased Customers Bancorp securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/CUBI.

CUBI INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into Bancorp, Inc and Encourages Investors to Contact the Firm!

Customers Bancorp reported a strong Q2 with an increase in net interest margin and exceeded earnings expectations. The bank saw growth in specialty lending verticals and a shift towards higher-yielding loans. Despite a decrease in total assets and deposits, CUBI's efficiency ratios improved, and credit quality remained strong, making it an attractive investment opportunity.

Customers Bancorp: Improving Profitability Ratios For This Regional Bank

Customers Bancorp, Inc. (NYSE:CUBI ) Q2 2024 Earnings Conference Call July 26, 2024 9:00 AM ET Company Participants David Patti - Director of Communications Jay Sidhu - Chairman, Customers Bancorp Sam Sidhu - President & Chief Executive Officer, Customers Bank Phil Watkins - Chief Financial Officer, Customers Bank Conference Call Participants Peter Winter - D.A. Davidson Stephen Moss - Raymond James David Bishop - Hovde Group Matthew Breese - Stephens Inc. Kelly Motta - KBW Harold Goetsch - B.

Customers Bancorp, Inc. (CUBI) Q2 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Customers Bancorp (CUBI) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Customers Bancorp (CUBI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Customers Bancorp (CUBI) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.45 per share. This compares to earnings of $1.65 per share a year ago.

Customers Bancorp (CUBI) Beats Q2 Earnings and Revenue Estimates

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #FinTech--CUBI reports Q2 2024 earnings including $1.66 EPS, 11% annualized loan growth, and 3.29% NIM.

Customers Bancorp Reports Results for Second Quarter 2024

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Customers Bancorp (CUBI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Customers Bancorp (CUBI) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #FinTech--Customers Bancorp, Inc. (NYSE: CUBI) will host its Q2 2024 earnings webcast at 9:00 AM EDT on Friday, July 26, 2024. Registration available.

Customers Bancorp, Inc. to Host Second Quarter 2024 Earnings Webcast on Friday, July 26, 2024

Customers Bancorp (CUBI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Strength Seen in Customers Bancorp (CUBI): Can Its 6.6% Jump Turn into More Strength?

Customers Bancorp (CUBI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Customers Bancorp (CUBI) Beat Estimates Again in Its Next Earnings Report?

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #FinTech--The CUBI Board of Directors authorized a new common stock repurchase plan of up to 497,509 shares of outstanding common stock over a one-year period.

Customers Bancorp Announces Common Stock Repurchase Plan

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #FinTech--Customers Bancorp (NYSE:CUBI), parent of Customers Bank, held its annual shareholder meeting today. Shareholders approved all proposals put to a vote.

Customers Bancorp Announces Voting Results of Annual Shareholder Meeting

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #banking--Customers Bancorp, Inc. (NYSE:CUBI) announced a corrected dividend amount on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) and Series F (NYSE: CUBIPrF), previously announced on April 29, 2024. As corrected, the cash dividend on its Series E (NYSE: CUBIPrE) will be $0.700488 per share, payable on June 17, 2024, to shareholders of record on May 31, 2024, and the cash dividend on its Series F (NYSE: CUBIPrF) will b.

Customers Bancorp, Inc. Announces Dividend Correction on Its Series E and Series F Preferred Stock

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announces that it has commenced an investigation of potential claims against the board of directors of Customers Bancorp, Inc. (“Customers Bancorp” or the “Company”) (NYSE: CUBI) concerning whether the board of directors breached its fiduciary duties to Customers Bancorp shareholders. If you still hold Customers Bancorp shares purchased before 2021 and wish to discuss thi.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Customers Bancorp, Inc. (CUBI) on Behalf of Investors

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #FinTech--Customers Bank purchased from the FDIC, a minority interest in a fintech investment fund at an approximate 70% discount to the original cost.

Customers Bank Announces Purchase of FDIC Interest in Fintech Investment Fund

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it has commenced an investigation of potential claims against the board of directors of Customers Bancorp, Inc. (“Customers Bancorp” or the “Company”) (NYSE: CUBI) concerning whether the board of directors breached its fiduciary duties to Customers Bancorp shareholders. On April 12, 2024, Customers Bancorp disclosed that its Executive Vice President and Chief Financial Officer, Carla Leibold, had been terminated “for.

Law Offices of Howard G. Smith Announces Investigation of Customers Bancorp, Inc. (CUBI) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Customers Bancorp, Inc. (“Customers Bancorp” or the “Company”) (NYSE: CUBI) concerning whether the board of directors breached its fiduciary duties to Customers Bancorp shareholders. If you are a shareholder who suffered a loss, click here to participate. On April 12, 2024, Customers Bancorp disclosed that its Executive Vice President and Chief Financial Officer, Carla Leibold, had been terminated “for.

The Law Offices of Frank R. Cruz Announces Investigation of Customers Bancorp, Inc. (CUBI) on Behalf of Investors

Call Start: 09:00 January 1, 0000 9:52 AM ET Customers Bancorp, Inc. (NYSE:CUBI ) Q1 2024 Earnings Conference Call April 26, 2024 09:00 ET Company Participants David Patti - Director of Communications Jay Sidhu - Chairman & Chief Executive Officer of Customers Bancorp, Executive Chairman of Customers Bank Sam Sidhu - President & Chief Executive Officer, Customers Bank Phil Watkins - Chief Financial Officer, Customers Bank Conference Call Participants Casey Haire - Jefferies Stephen Moss - Raymond James Kelly Motta - KBW Peter Winter - D.A. Davidson Frank Schiraldi - Piper Sandler Harold Goetsch - B.

Customers Bancorp, Inc. (CUBI) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Customers Bancorp (CUBI) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Customers Bancorp (CUBI) Q1 Earnings: A Look at Key Metrics

Customers Bancorp (CUBI) came out with quarterly earnings of $1.68 per share, beating the Zacks Consensus Estimate of $1.62 per share. This compares to earnings of $1.58 per share a year ago.

Customers Bancorp (CUBI) Beats Q1 Earnings and Revenue Estimates

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #banking--Customers Bancorp (NYSE: CUBI) announces Q1 2024 earnings. New teams make firm poised for growth.

News for Customers Bancorp Stock (CUBI)