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) 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.

Customers Bancorp (CUBI) Reports Next Week: Wall Street Expects Earnings Growth

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #FinTech--Customers Bancorp, Inc. to hold Q1 2024 Earnings Webcast at 9:00 AM ET on Friday, April 26, 2024. Registration info provided.

Customers Bancorp, Inc. to Host First Quarter 2024 Earnings Webcast on Friday, April 26, 2024

MALVERN, Pa.--(BUSINESS WIRE)---- $CUBI #FinTech--Customers Bank onboarded new commercial and business banking teams in NY, CA and NV. The hiring drive is expected to accelerate the bank's growth.

Customers Bank Onboards 10 Experienced Banking Teams and Accelerates Deposit Transformation; Builds Prominence on East, West Coasts

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #banking--Customers Bancorp (NYSE:CUBI) announced subordinated notes issued in 2014 will convert from a fixed to floating rate in June, using SOFR benchmark.

Customers Bancorp, Inc. Subordinated Notes to Convert from Fixed to Floating Rate

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Customers Bancorp, Inc. (NYSE:CUBI) Q4 2023 Results Conference Call January 26, 2024 9:00 AM ET

Customers Bancorp, Inc. (CUBI) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Customers Bancorp (CUBI) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Customers Bancorp (CUBI) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #FinTech--Customers Bancorp (NYSE: CUBI) announces very strong Q4 & full-year 2023 earnings: record NII; $7.32 EPS. Q4 '23 NIM up 63 basis points over Q3 '23.

Customers Bancorp Reports Results for Fourth Quarter and Full Year 2023

Get a deeper insight into the potential performance of Customers Bancorp (CUBI) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Exploring Analyst Estimates for Customers Bancorp (CUBI) Q4 Earnings, Beyond Revenue and EPS

Customers Bancorp stock has outperformed the S&P 500, generating a 49.1% gain for investors since my last article. Net interest income and net profits have improved for Customers Bancorp, showing progressive improvement for the company. The value of deposits has increased, while the value of loans and securities has slightly declined. The company's book value per share has also risen.

Customers Bancorp: Still Offers Some Upside

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.

Why Customers Bancorp (CUBI) is Poised to Beat Earnings Estimates Again

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #banking--Customers Bancorp, Inc NYSE:CUBI) will announce 2023 Q4 and full-year earnings on Friday, January 26, 2004. Register for the webcast.

Customers Bancorp, Inc. to host Fourth Quarter and Full-Year 2023 Earnings Webcast on Friday, January 26, 2024

Here is how Customers Bancorp (CUBI) and Capital Southwest (CSWC) have performed compared to their sector so far this year.

Are Finance Stocks Lagging Customers Bancorp (CUBI) This Year?

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.

Should Value Investors Buy Customers Bancorp (CUBI) Stock?

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Customers Bancorp (CUBI) is a Great Momentum Stock: Should You Buy?

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Customers Bancorp (CUBI) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Why Fast-paced Mover Customers Bancorp (CUBI) Is a Great Choice for Value Investors

Customers Bancorp, Inc. (NYSE:CUBI ) Q3 2023 Earnings Conference Call October 27, 2023 9:00 AM ET Company Participants David Patti - Director of Communications Jay Siddhu - Executive Chairman Sam Sidhu - President and Chief Executive Officer Carla Leibold - Executive Vice President and Chief Financial Officer Phil Watkins - CFO Conference Call Participants Steve Moss - Raymond James Casey Haire - Jefferies Peter Winter - D.A. Davidson Michael Perito - KBW Frank Schiraldi - Piper Sandler Matthew Breese - Stephens Bill Dezellem - Tieton Capital Markets David Patti Thank you for joining us for the Customers Bancorp Earnings Call for the Third Quarter of 2023.

Customers Bancorp, Inc. (CUBI) Q3 2023 Earnings Call Transcript

The headline numbers for Customers Bancorp (CUBI) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Customers Bancorp (CUBI) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Customers Bancorp (CUBI) came out with quarterly earnings of $2.59 per share, beating the Zacks Consensus Estimate of $1.60 per share. This compares to earnings of $2.48 per share a year ago.

Customers Bancorp (CUBI) Q3 Earnings and Revenues Beat Estimates

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #FinTech--Customers Bancorp (NYSE:CUBI) announced Q3 2023 net income of $83.0 million, or $2.58 per share w/ NIM of 3.7% and deposit growth of $244.9 million.

Customers Bancorp Reports Results for Third Quarter 2023

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.

News for Customers Bancorp Stock (CUBI)