Customers Bancorp, Inc. (CUBI)
| Market Cap | 1.47B |
| Revenue (ttm) | 683.40M |
| Net Income (ttm) | 235.45M |
| Shares Out | 31.48M |
| EPS (ttm) | 7.32 |
| PE Ratio | 6.40 |
| Forward PE | 6.67 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,618,469 |
| Open | 48.31 |
| Previous Close | 49.53 |
| Day's Range | 45.00 - 48.93 |
| 52-Week Range | 15.80 - 60.09 |
| Beta | 1.65 |
| Analysts | Strong Buy |
| Price Target | 61.86 (+32.12%) |
| Earnings Date | Apr 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 $61.86, which is an increase of 32.12% from the latest price.
News
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, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred Stock
WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #banking--Customers Bancorp declared a quarterly cash dividend on Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E & Series F.
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.
Customers Bancorp Top Two Execs Elect Stock Bonuses in Lieu of Cash
WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #banking--For the 5th consecutive year, the top two executives of Customers Bancorp, Inc. (NYSE:CUBI) will take all 2022 bonuses in stock rather than cash.
Customers Bancorp Reportedly Seeks Potential Co-Investors for Silicon Valley Bank
Customers Bancorp is reportedly working to put together an offer for Silicon Valley Bank. The Pennsylvania-based bank is exploring such a deal and seeking potential co-investors, Bloomberg reported Th...
Customers Bancorp weighs making an offer for Silicon Valley Bank - Bloomberg News
Customers Bancorp Inc is exploring a deal for all or part of the failed Silicon Valley Bank , Bloomberg News reported on Thursday, citing people familiar with the matter.
10 bank stocks that look cheap based on this valuation method — First Republic heads the list
No investor is surprised that the banking crisis has sent industry stocks tumbling, but following a two-day rally, it is time to take a closer look at bank valuations to consider which stocks may soar...
CEOs Snap Up Small-Cap Bank Stocks Following Bloodbath
Shaken by the sudden collapse last week of Silicon Valley Bank, or SVB Financial ( SIVB , Financial), investors continued to sell off bank stocks on Monday. While smaller banks and those exposed to ri...