Customers Bancorp, Inc. (CUBI)

NYSE: CUBI · IEX Real-Time Price · USD
39.12
-1.25 (-3.10%)
May 18, 2022 4:00 PM EDT - Market closed
Market Cap1.29B
Revenue (ttm)751.30M
Net Income (ttm)341.83M
Shares Out32.98M
EPS (ttm)10.03
PE Ratio3.90
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume568,623
Open39.48
Previous Close40.37
Day's Range38.57 - 40.33
52-Week Range34.55 - 76.13
Beta1.55
AnalystsBuy
Price Target71.46 (+82.7%)
Earnings DateApr 27, 2022

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 offers deposits products, including checking, savings, MMDA, and other deposits accounts. It offers loan products, including commercial mortgage warehouse loans, multi-family and commercial real estate loans, business banking, small business loans, equipment financing, residential mortgage loans, and installment loans. It also offers traditional...

IndustryBanks
IPO DateFeb 21, 2012
CEOJay Sidhu
Employees665
Stock ExchangeNYSE
Ticker SymbolCUBI
Full Company Profile

Financial Performance

In 2021, CUBI's revenue was $735.52 million, an increase of 81.73% compared to the previous year's $404.73 million. Earnings were $314.65 million, an increase of 137.33%.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for CUBI stock is "Buy." The 12-month stock price forecast is 71.46, which is an increase of 82.67% from the latest price.

Price Target
$71.46
(82.67% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Is Customers Bancorp (CUBI) a Great Value Stock Right Now?

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 v...

1 week ago - Zacks Investment Research

This Stock Is Extremely Profitable and Trades at 6 Times Forward Earnings

This bank is using a tech-forward and niche banking strategy to drive strong profits.

2 weeks ago - The Motley Fool

3 Crypto Stocks That Are Screaming Buys

Crypto stocks have sold off with cryptocurrencies this year, but the sell-off for some of these stocks seems unjustified.

Other symbols:SBNYSI
2 weeks ago - The Motley Fool

Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E, and Series F Preferred Stock

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #Dividend--Customers Bancorp, Inc. (NYSE: CUBI) announced quarterly cash dividends on its Series E and Series F Preferred Stock.

2 weeks ago - Business Wire

Why Upstart, LendingClub, and Customers Bancorp Are Rising Today

Solid earnings reports drove these stocks higher, but economic uncertainty remains.

Other symbols:LCUPST
2 weeks ago - The Motley Fool

Customers Bancorp (CUBI) Q1 Earnings and Revenues Top Estimates

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?

3 weeks ago - Zacks Investment Research

Customers Bancorp Reports First Quarter 2022 Results

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.

3 weeks ago - Business Wire

3 Bank Stocks to Buy If You're a Contrarian

Investors have forgotten about banking stocks, making it the perfect time to invest before rates rise. Here are 3 to consider.

Other symbols:BACGS
3 weeks ago - InvestorPlace

Customers Bancorp (CUBI) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

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.

4 weeks ago - Zacks Investment Research

Customers Bancorp, Inc. Releases 2021 ESG Report

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.

4 weeks ago - Business Wire

Deserve Launches Commercial Credit Card Platform That Empowers Banks and Business-to-Business (B2B) Companies to Issu...

NEW YORK--(BUSINESS WIRE)--Deserve, a fintech company transforming credit cards into software that lives on mobile and in the cloud, announced today it is revolutionizing the commercial credit card cate...

1 month ago - Business Wire

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

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 Thur...

1 month ago - Business Wire

S&P Global Market Intelligence Ranks Customers Bancorp, Inc. the Third Best-Performing Among Public U.S. Banks with m...

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.

1 month ago - Business Wire

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

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 in...

1 month ago - Business Wire

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

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

2 months ago - Business Wire

Customers Bank Launches Financial Institutions Banking Group

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) ...

3 months ago - Business Wire

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

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

3 months ago - The Motley Fool

Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred Stock

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #dividends--Customers Bancorp has declared quarterly cash dividends on its Series E and Series F Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock

3 months ago - Business Wire

Customers Bancorp, Inc Announces Board Additions

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.

3 months ago - Business Wire

Customers Bancorp (CUBI) Misses Q4 Earnings and Revenue Estimates

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?

3 months ago - Zacks Investment Research

Customers Bancorp Reports Record Results for Full Year 2021

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #Banking--CUBI reported Q4 2021 net income of $98.6 million, or $2.87/share, resulting in record FY 2021 net income of $300.1 million, or $8.91/share.

3 months ago - Business Wire

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

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.

4 months ago - Zacks Investment Research

Customers Bancorp, Inc. to Host Fourth Quarter and Year-End 2021 Earnings Webcast on January 25, 2022

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #Earnings--Customers Bancorp, Inc. will host a webcast at 9:00 AM EST on Tuesday, January 25, 2022, to report 4th quarter 2021, and year-end 2021 earnings.

4 months ago - Business Wire

3 Bank Stocks to Buy in 2022

Banks are expected to outperform this year with interest rates likely to tick up.

Other symbols:SIVBTBK
4 months ago - The Motley Fool

7 of the Best Small-Cap Stocks to Buy Before 2022

With 2021 coming to a close and a new year upon us, it's time to get a head start on some of the best small-cap stocks to buy. The post 7 of the Best Small-Cap Stocks to Buy Before 2022 appeared first o...

5 months ago - InvestorPlace