Customers Bancorp, Inc. (CUBI)
| Market Cap | 1.42B |
| Revenue (ttm) | 699.53M |
| Net Income (ttm) | 231.11M |
| Shares Out | 31.65M |
| EPS (ttm) | 7.16 |
| PE Ratio | 6.26 |
| Forward PE | 6.76 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 437,068 |
| Open | 43.95 |
| Previous Close | 44.06 |
| Day's Range | 43.45 - 45.03 |
| 52-Week Range | 27.10 - 60.09 |
| Beta | 1.64 |
| Analysts | Strong Buy |
| Price Target | 61.29 (+36.29%) |
| Earnings Date | Jul 25, 2024 |
About CUBI
Customers Bancorp, Inc. operates as the bank holding company for Customers Bank that provides financial products and services to individual consumers, and small and middle market businesses. The company provides deposit banking products, which includes commercial and consumer checking, non-interest-bearing and interest-bearing demand, MMDA, savings, and time deposit accounts. Its lending business offers commercial and industrial, commercial real estate, and multifamily and residential mortgage loans; SBA lending and financing; specialty lending... [Read more]
Financial Performance
In 2023, CUBI's revenue was $683.40 million, an increase of 14.68% compared to the previous year's $595.93 million. Earnings were $235.45 million, an increase of 7.80%.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for CUBI stock is "Strong Buy." The 12-month stock price forecast is $61.29, which is an increase of 36.29% from the latest price.
News
Customers Bancorp Announces Voting Results of Annual Shareholder Meeting
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 ...
Customers Bancorp, Inc. Announces Dividend Correction on Its Series E and Series F Preferred Stock
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,...
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Customers Bancorp, Inc. (CUBI) on Behalf of Investors
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 th...
Customers Bank Announces Purchase of FDIC Interest in Fintech Investment Fund
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.
Law Offices of Howard G. Smith Announces Investigation of Customers Bancorp, Inc. (CUBI) on Behalf of Investors
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. (“Customer...
The Law Offices of Frank R. Cruz 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...
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred Stock
WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #banking--Customers Bancorp (NYSE: CUBI) announces dividends on its Series E and Series F preferred stocks.
Customers Bancorp Reports Results for First Quarter
WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #banking--Customers Bancorp (NYSE: CUBI) announces Q1 2024 earnings. New teams make firm poised for growth.
Customers Bancorp, Inc. to Host First Quarter 2024 Earnings Webcast on Friday, April 26, 2024
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 Bank Onboards 10 Experienced Banking Teams and Accelerates Deposit Transformation; Builds Prominence on East, West Coasts
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 Bancorp, Inc. Subordinated Notes to Convert from Fixed to Floating Rate
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 benchmar...
Regional bank stocks dragged down by NYCB, led by banks with exposure to New York City real estate
Regional bank stocks were lower across the board early Friday, dragged down by the latest bad news from New York Community Bancorp Inc. that included the disclosure of ”material weaknesses” in its acc...
Customers Bancorp Reports Results for Fourth Quarter and Full Year 2023
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 '...
Customers Bancorp, Inc. to host Fourth Quarter and Full-Year 2023 Earnings Webcast on Friday, January 26, 2024
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 Reports Results for Third Quarter 2023
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 milli...
Customers Bancorp, Inc. to Host Third Quarter 2023 Earnings Webcast on Friday, October 27, 2023
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 Fr...
Customers Bancorp Reports Results for Second Quarter 2023
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, Inc. to Host Second Quarter 2023 Earnings Webcast on Friday, July 28, 2023
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 Bank Onboards Former Signature Venture Banking Team
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 Bancorp acquires $631 mln loan portfolio from FDIC at discount
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.
Customer Bancorp buys a Signature Bank loan portfolio from the FDIC
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 valu...
Customers Bancorp Acquires $631 Million Loan Portfolio From FDIC at Significant Discount and Recruits Venture Banking Team
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 t...
Customers Bancorp Shareholders Approve All Proposals in Online Annual Meeting
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 res...
Customers Bancorp Reports Results for First Quarter 2023
WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #EPS--CUBI Q1 2023 GAAP earnings $1.55 per share beat consensus $1.17. Revenue $168.02 million beat $141.74 consensus estimate.
Customers Bancorp to Report First Quarter 2023 Earnings
WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #banking--Customers Bancorp (NYSE:CUBI) announces first quarter 2023 earnings webcast for 9:00 AM ET on Friday, April 28, 2023.