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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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, 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.

Customers Bancorp (CUBI) Expected to Beat Earnings Estimates: Should You Buy?

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #Earnings--Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Friday, October 27, 2023, to report its earnings results for the three months ending September 30, 2023. The webcast will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Customers Bancorp Chief Financial Officer Carla Leibold, Cus.

Customers Bancorp, Inc. to Host Third Quarter 2023 Earnings Webcast on Friday, October 27, 2023

Here is how Customers Bancorp (CUBI) and First Citizens BancShares (FCNCA) have performed compared to their sector so far this year.

Is Customers Bancorp (CUBI) Stock Outpacing Its Finance Peers This Year?

Customers Bancorp (CUBI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Customers Bancorp (CUBI) Upgraded to Strong Buy: What Does It Mean for the Stock?

Is Customers Bancorp (CUBI) a great pick from the value investor's perspective right now? Read on to know more.

Is Customers Bancorp (CUBI) a Good Pick for Value Investors?

Customers Bancorp has recovered from the banking crisis and is now trading at a premium to where it was before the crisis began. The recovery has been aided by a return to growth for its deposits, though financial results have been mixed. In all, shares look attractively priced and investors would be wise to consider the firm as a valid prospect.

Customers Bancorp: A Real Bargain At Current Prices

Customers Bancorp, Inc. (NYSE:CUBI ) Q2 2023 Earnings Conference Call July 28, 2023 9:00 AM ET Company Participants David Patti – Director of Communications Jay Sidhu – Executive Chairman Sam Sidhu – President and Chief Executive Officer Carla Leibold – Executive Vice President and Chief Financial Officer Conference Call Participants Michael Perito – KBW Casey Haire – Jefferies Frank Schiraldi – Piper Sandler Peter Winter – D.A. Davidson Matthew Breese – Stephens Bill Dezellem – Tieton Capital Markets Operator Good morning.

Customers Bancorp, Inc. (CUBI) Q2 2023 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 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Customers Bancorp (CUBI) Reports Q2 Earnings: What Key Metrics Have to Say

Customers Bancorp (CUBI) came out with quarterly earnings of $1.65 per share, beating the Zacks Consensus Estimate of $1.42 per share. This compares to earnings of $1.77 per share a year ago.

Customers Bancorp (CUBI) Q2 Earnings and Revenues Surpass Estimates

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #Earnings--CUBI announces Q2 earnings: 3.15% net interest margin, $165.3 million record net interest income, $44.0 million GAAP net income.

Customers Bancorp Reports Results for Second Quarter 2023

BankUnited

Bank of Hawaii

Hudson Pacific Properties

ServisFirst Bancshares

Sleep Number

Tandem Diabetes Care

Trupanion

Trinseo PLC

Vicor

Zions Bancorp

Still think the S&P 500's so-called Magnificent Seven are the only stocks worth owning? You're missing out on a below-the-radar rally.

11 Little-Known Stocks Blow Away The 'Magnificent Seven'

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.

Earnings Preview: Customers Bancorp (CUBI) Q2 Earnings Expected to Decline

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #Earnings--Customers Bancorp (NYSE:CUBI) will hold its Q2 2023 earnings webcast on Friday, July 28, 2023 at 9:00 AM EDT.

Customers Bancorp, Inc. to Host Second Quarter 2023 Earnings Webcast on Friday, July 28, 2023

MALVERN, Pa.--(BUSINESS WIRE)---- $CUBI #Tech--Customers Bank announced today it has completed the onboarding of a nearly 30-member venture banking team formerly employed by Signature Bank.

Customers Bank Onboards Former Signature Venture Banking Team

Orange County Bancorp

PacWest Bancorp

PacWest announced an agreement to sell a $3.5 billion loan portfolio. Orange County Bancorp joined the Russell 2000 index.

Why Shares of PacWest Bancorp, Customers Bancorp, and Orange County Bancorp Are Rising This Week

Customers Bancorp said on Friday it acquired a $631 million venture banking loan portfolio from the U.S. banking regulator Federal Deposit Insurance Corporation (FDIC) at about 85% of the book value.

Customers Bancorp acquires $631 mln loan portfolio from FDIC at discount

Signature Bank

Customers Bancorp CUBI, +6.36% stock is up 0.5% in premarket trades Friday after the firm said it acquired a $631 million venture banking loan portfolio from the FDIC at approximately 85% of book value, or about $536 million. The portfolio was a result of the FDIC's takeover of Signature Bank on March 12, a bank spokesperson told MarketWatch.

Customer Bancorp buys a Signature Bank loan portfolio from the FDIC

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #Hiring--Customers Bank acquired a $631 million venture banking loan portfolio from the FDIC. Separately, Customers recruited a 30-member venture banking team.

Customers Bancorp Acquires $631 Million Loan Portfolio From FDIC at Significant Discount and Recruits Venture Banking Team

Merchants Bancorp

Sometimes, no major news can be a good thing for a volatile sector. Odeon Capital initiated coverage on PacWest Bancorp.

Why Shares of PacWest Bancorp, Customers Bancorp, and Merchants Bancorp Are Rising This Week

Customers Bancorp stock has rallied over 50% in the past month, outperforming its peers and the regional banking ETF. The rally is attributed to strong risk management and conservative positioning by CUBI during the regional banking crisis. Despite a longer-term downtrend, the company's undervaluation and post-PPP growth potential make it a relatively safe investment below $30 per share.

Customers Bancorp: Strong Risk Management Culture And Undervaluation Make It A Buy

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #AnnualMeeting--Customers Bancorp, Inc. shareholders met May 30, reelecting 3 Board Members, ratifying the appointment of an auditor, and approving two resolutions.

News for Customers Bancorp Stock (CUBI)