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) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Customers Bancorp (CUBI) Rating Upgrade to Buy

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WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #FinTech--Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively "Customers" or "CUBI"), today issued a mid-quarter financial update highlighting the following: Management expects to meet or beat guidance of $4.75-$5.00 Core EPS (excluding PPP) for full year 2022 Tangible book value per share is expected to exceed $40 by year-end 2022 Return on common equity is expected to be greater than 17% for full year 2022 Credit trends continue t

Customers Bancorp Provides Mid-Quarter Financial Update for Second Quarter 2022

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Customers Bancorp, Inc. (NYSE:CUBI ) Q1 2022 Earnings Conference Call April 28, 2022 9:00 AM ET Corporate Participants David Patti - Communications Director Jay Sidhu - Executive Chairman Sam Sidhu - President and Chief Operating Officer Carla Leibold - Chief Financial Officer Andy Brown - Chief Credit Officer Conference Call Participants Peter Winter - Wedbush Securities David Bishop - Hovde Group Steve Moss - B. Riley Securities Matt Breese - Stephens Inc Russell Gunther - DA Davidson Frank Schiraldi - Piper Sandler Bill Dezellem - Tieton Capital Michael Perito - KBW Operator Good day.

Customers Bancorp, Inc. (CUBI) Management on Q1 2022 Results - Earnings Call Transcript

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Customers Bancorp (CUBI) delivered earnings and revenue surprises of 31.93% and 9.05%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Customers Bancorp (CUBI) Q1 Earnings and Revenues Top Estimates

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #Earnings--Customers Bancorp, Inc (CUBI) today reported Q1 2022 net income of $74.9 million, or $2.18 per diluted share, up 126% over Q1 2021.

Customers Bancorp Reports First Quarter 2022 Results

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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: What to Know Ahead of Q1 Release

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #ESG--Customers Bancorp, Inc. has released its Environmental, Social and Governance (ESG) Report for calendar year 2021. Available at www.customersbank.com.

Customers Bancorp, Inc. Releases 2021 ESG Report

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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 Thursday, April 28, 2022, to report its earnings results for the three months ending March 31, 2022. The call will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Chief Financial Officer Carla Leibold, and Chief Credit Officer And

Customers Bancorp, Inc. to Host First Quarter 2022 Earnings Webcast on April 28, 2022

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #Awards--Customers Bancorp ranked 3rd - S&P Global Market Intelligence's top-performing publicly-traded U.S. public banks with more than $10 billion in assets.

S&P Global Market Intelligence Ranks Customers Bancorp, Inc. the Third Best-Performing Among Public U.S. Banks with more than $10 billion in Assets for 2021

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #commercialfinance--Customers Bank, a digital and FinTech-forward top 100 national bank with nearly $20 billion in assets, announced the institution hired industry veteran John Donohue to serve as Executive Vice President, Managing Director of Customers Commercial Finance's (CCF) new Small Ticket Business. Donohue brings more than 30 years of financial expertise in organizational development, executive management and senior leadership. His deep knowledge in FinTech, business and

Customers Bank Recruits John Donohue to Lead Customers Commercial Finance's New Small Ticket Business

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #HumanResources--Customers Bank announced it hired Bernard Garrigues as Chief People Officer (CPO).

Customers Bank Hires Bernard Garrigues as Chief People Officer to Support Ambitious Growth

DALLAS--(BUSINESS WIRE)---- $CUBI--Customers Bank, a digital and fintech-forward top 100 bank in the nation with nearly $20 billion in assets, announced it launched a Financial Institutions Group (FIG) serving Securities Broker Dealers, Future Commissions Merchants, Market Makers and Liquidity Providers, Insurance companies, Trust companies and broader Financial Institutions. Brandon Troster was hired as Senior Vice President, Banking Group Head, to lead the Broker Dealer Banking Group within the broader

Customers Bank Launches Financial Institutions Banking Group

This bank is adding real-time payments capabilities, digital lending for small and medium businesses, and much more.

This Bank Is Adding a Lot of Tech Firepower -- Here's Why It Can Grow Quickly

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WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #Directors--Customers Bancorp, Inc. has expanded its Board of Directors and appointed retired Army Brigadier General Bernard B. Banks and Robert N. Mackay.

Customers Bancorp, Inc Announces Board Additions

Customers Bancorp, Inc. (CUBI) CEO Sam Sidhu on Q4 2021 Results - Earnings Call Transcript

Customers Bancorp (CUBI) delivered earnings and revenue surprises of -0.68% and 6.53%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

News for Customers Bancorp Stock (CUBI)