Customers Bancorp, Inc. (CUBI)

NYSE: CUBI · IEX Real-Time Price · USD
53.70
+0.05 (0.08%)
Feb 28, 2024, 2:21 PM EST - Market open
0.08%
Market Cap 1.66B
Revenue (ttm) 620.01M
Net Income (ttm) 202.85M
Shares Out 31.44M
EPS (ttm) 6.31
PE Ratio 8.50
Forward PE 7.60
Dividend n/a
Ex-Dividend Date n/a
Volume 71,916
Open 53.18
Previous Close 53.65
Day's Range 52.82 - 54.36
52-Week Range 6.87 - 60.09
Beta 1.70
Analysts Strong Buy
Price Target 59.14 (+10.14%)
Earnings Date Jan 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]

Sector Financials
IPO Date Feb 21, 2012
Employees 668
Stock Exchange NYSE
Ticker Symbol CUBI
Full Company Profile

Financial Performance

In 2022, CUBI's revenue was $595.93 million, a decrease of -18.98% compared to the previous year's $735.52 million. Earnings were $218.40 million, a decrease of -27.23%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for CUBI stock is "Strong Buy." The 12-month stock price forecast is $59.14, which is an increase of 10.14% from the latest price.

Price Target
$59.14
(10.14% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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.

4 weeks ago - Business Wire

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 '...

4 weeks ago - Business Wire

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.

6 weeks ago - Business Wire

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...

4 months ago - Business Wire

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...

4 months ago - Business Wire

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.

7 months ago - Business Wire

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.

8 months ago - Business Wire

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.

8 months ago - Business Wire

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.

9 months ago - Reuters

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...

Other symbols: SBNY
9 months ago - Market Watch

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...

9 months ago - Business Wire

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...

9 months ago - Business Wire

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.

10 months ago - Business Wire

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.

11 months ago - Business Wire

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.

11 months ago - Business Wire

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...

Other symbols: SIVB
1 year ago - PYMNTS

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.

Other symbols: SIVB
1 year ago - Reuters

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...

Other symbols: ALLYBKUCCOFONBTCBIWAL
1 year ago - Market Watch

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...

Other symbols: BACCFRCVBFMCBSIVB
1 year ago - GuruFocus

Wedbush's Burke Dempsey's outlook for banking after the SVB collapse

Burke Dempsey, Wedbush Securities head of investment banking, joins 'Closing Bell: Overtime' to discuss what's next for the banking industry after the SVB collapse.

Other symbols: SIVBKEYWAL
1 year ago - CNBC Television

20 banks that are sitting on huge potential securities losses—as was SVB

Silicon Valley Bank has failed following a run on deposits, after its parent company's share price crashed a record 60% on Thursday.

1 year ago - Market Watch

10 banks that may face trouble in the wake of the SVB Financial Group debacle

As interest rates have risen, many banks have become more profitable because the spreads between what they earn on loans and investments and what they pay for funding has widened. But there are always...

1 year ago - Market Watch

Customers Bank Introduces Loan Syndications Banking Solutions

MALVERN, Pa.--(BUSINESS WIRE)---- $CUBI #FinTech--Customers Bank (NYSE:CUBI) announced the launch of a Loan Syndications Banking Team expanding the bank's lending services for middle market clients.

1 year ago - Business Wire

Customers Bancorp Reports Results for Full Year and Fourth Quarter 2022

WEST READING, Pa.--(BUSINESS WIRE)--Customers Bancorp, Inc. (NYSE:CUBI)

1 year ago - Business Wire

Customers Bancorp, Inc. to Host Fourth Quarter and Year-End Earnings Webcast on January 26, 2023

WEST READING, Pa.--(BUSINESS WIRE)--Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EST on Thursday, January 26...

1 year ago - Business Wire