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. It operates in two segments, Customers Bank Business Banking and BankMobile. The company accepts various deposit products, such as checking, savings, money market deposit, time deposit, non-interest-bearing demand accounts, individual retirement accounts, and other deposit accounts, as well as non-retail time deposits. It also provides commercial and industrial lending services; small business administration and paycheck protection program loans; multi-family and commercial real estate loans; commercial loans to mortgage companies; equipment financing services and specialty lending; mortgage warehouse loans; and home equity and residential mortgage and installment loans. In addition, the company offers private banking services; mobile phone banking, internet banking, wire transfers, electronic bill payment, lock box, remote deposit capture, courier, merchant processing, cash vault, controlled disbursements, and positive pay services; and cash management services, such as account reconciliation, collections, and sweep accounts. It operates 12 full-service branches, as well as limited production and administrative offices in Southeastern Pennsylvania, including Bucks, Berks, Chester, Philadelphia, and Delaware Counties; Rye Brook and New York; Hamilton, New Jersey; Boston, Massachusetts; Providence, Rhode Island; Portsmouth, New Hampshire; Manhattan and Melville, New York; Washington D.C.; and Chicago, Illinois. Customers Bancorp, Inc. was founded in 1997 and is headquartered in West Reading, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: customersbank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/4/2024 | $57.00 → $52.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 9/24/2024 | $79.00 → $53.00 | Outperform → Neutral | Wedbush |
| 8/9/2024 | $49.00 | Outperform → Market Perform | Hovde Group |
| 5/2/2024 | $66.00 → $63.00 | Outperform | Hovde Group |
| 12/6/2023 | $62.00 | Buy | B. Riley Securities |
| 9/29/2023 | $60.00 | Strong Buy | Raymond James |
| 10/28/2022 | $42.00 → $44.00 | Neutral → Buy | DA Davidson |
| 9/28/2022 | $45.00 | Outperform | Wedbush |
| 3/29/2022 | $62.50 | Equal-Weight | Stephens |
| 3/29/2022 | $72.00 → $80.00 | Mkt Perform → Outperform | Keefe Bruyette |
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
Keefe Bruyette downgraded Customers Bancorp from Outperform to Mkt Perform and set a new price target of $52.00 from $57.00 previously
Wedbush downgraded Customers Bancorp from Outperform to Neutral and set a new price target of $53.00 from $79.00 previously
Hovde Group downgraded Customers Bancorp from Outperform to Market Perform and set a new price target of $49.00
Hovde Group reiterated coverage of Customers Bancorp with a rating of Outperform and set a new price target of $63.00 from $66.00 previously
B. Riley Securities resumed coverage of Customers Bancorp with a rating of Buy and set a new price target of $62.00
Raymond James initiated coverage of Customers Bancorp with a rating of Strong Buy and set a new price target of $60.00
DA Davidson upgraded Customers Bancorp from Neutral to Buy and set a new price target of $44.00 from $42.00 previously
Wedbush resumed coverage of Customers Bancorp with a rating of Outperform and set a new price target of $45.00
Stephens initiated coverage of Customers Bancorp with a rating of Equal-Weight and set a new price target of $62.50
Keefe Bruyette upgraded Customers Bancorp from Mkt Perform to Outperform and set a new price target of $80.00 from $72.00 previously
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
Customers Bancorp, Inc. (NYSE:CUBI), the parent company of Customers Bank (collectively, "Customers"), will host a webcast at 9:00 a.m. Eastern Daylight Time on Friday, Apr. 25, 2025, to report its earnings results for the three months ending March 31, 2025. The webcast will be conducted by Customers Bancorp Chair and CEO Jay Sidhu, Customers Bancorp President and Customers Bank President and CEO Sam Sidhu, and Customers Bancorp Chief Financial Officer Philip Watkins. Register online for the webcast. The live audio webcast, presentation slides and earnings press release will be made available at the Customers Bank investors webpage. The first quarter 2025 earnings press release will be is
Bank's first annual Net Promoter Score tops financial services industry average in customer satisfaction Customers Bank, the over $22 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), released its first annual Net Promoter Score, placing the Bank among the top of the financial services industry and well ahead of the industry average of 41. The Bank's high score of 73 reflects its passion and commitment to delivering exceptional customer service to its clients through a high-touch, single point of contact business model. "Exceptional client service is not just a priority for us, it's the cornerstone of our culture and the key to our success. This focus is so central to who we are,
Seventh year Bank has earned recognition Customers Bank, the over $22 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), has been named one of America's Best Banks by Forbes. This is the seventh year Customers Bank has earned this important recognition. Forbes' 16th annual America's Best Banks list looks at the 200 largest publicly traded banks and thrifts by assets. It then ranks the top 100 by measuring growth, credit quality and profitability for the 12 months ending September 30, 2024, and stock performance for the 12 months ending January 10, 2025. "Customers Bank is thrilled to be recognized as one of America's Best Banks," said Sam Sidhu, president and CEO of Customers Ban
Customers Bancorp, Inc. (NYSE:CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE:CUBIPRE) of $0.61678915 per share. The dividend is payable on March 17, 2025, to shareholders of record on February 28, 2025. The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (NYSE:CUBIPRF) of $0.59290165 per share. The dividend is payable on March 17, 2025, to shareholders of record on February 28, 2025. Institutional Background Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation's top-p
Customers Bancorp, Inc. (NYSE:CUBI): Fourth Quarter 2024 Highlights Q4 2024 net income available to common shareholders was $23.3 million, or $0.71 per diluted share; ROAA was 0.48% and ROCE was 5.50%. Q4 2024 core earnings*1 were $44.2 million, or $1.36 per diluted share; Core ROAA* was 0.86% and Core ROCE* was 10.44%. Q4 2024 net income available to common shareholders included $20.0 million of post-tax losses in connection with the securities portfolio repositioning executed to improve structural liquidity, reduce asset sensitivity and benefit margin. Total loans and leases held for investment grew by $671.1 million in Q4 2024 from Q3 2024 or 19% annualized. Total deposi
Customers Bancorp, Inc. (NYSE:CUBI), the parent company of Customers Bank (collectively, "Customers"), will host a webcast at 9:00a.m. Eastern Standard Time on Friday, Jan. 24, 2025, to report its earnings results for the three months ending Dec. 31, 2024 and full-year 2024. The webcast will be conducted by Customers Bancorp Chair and CEO Jay Sidhu, Customers Bancorp President and Customers Bank President and CEO Sam Sidhu, and Customers Bancorp Chief Financial Officer Philip Watkins. Register online for the webcast. The live audio webcast, presentation slides and earnings press release will be made available at the Customers Bank investors webpage. The fourth quarter 2024 earnings pres
Annual list recognizes industry-leading companies that are the best at what they do Customers Bank, the over $21 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), has been named to the Inc. 2024 Best in Business list in the Financial Services category. Inc.'s annual Best in Business Awards celebrate the exceptional achievements and contributions of companies that have made a profound impact on their industries and on society at large. The Bank's industry-leading franchise growth over the last 18 months, in both deposits and market expansion, unique operating model and commitment to principles of sound risk management ensured it stood out among its peers. "We are honored to be
Customers Bancorp, Inc. (NYSE:CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE:CUBIPRE) of $0.65395191 per share. The dividend is payable on December 16, 2024, to shareholders of record on November 30, 2024. The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (NYSE:CUBIPRF) of $0.63006441 per share. The dividend is payable on December 16, 2024, to shareholders of record on November 30, 2024. Institutional Background Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation's t
Customers Bancorp, Inc. (NYSE:CUBI): Third Quarter 2024 Highlights Q3 2024 net income available to common shareholders was $42.9 million, or $1.31 per diluted share; ROAA was 0.88% and ROCE was 10.44%. Q3 2024 core earnings*1 were $43.8 million, or $1.34 per diluted share; Core ROAA* was 0.89% and Core ROCE* was 10.66%. CET 1 ratio of 12.5%2 at September 30, 2024, compared to 12.8% at June 30, 2024, above the 11.5% target. TCE / TA ratio* of 7.7% at September 30, 2024, compared to 7.7% at June 30, 2024, above the 7.5% target. Total loans and leases held for investment grew by $520.8 million in Q3 2024 from Q2 2024 or 16% annualized. Q3 2024 deposit inflows from commercial custo
Customers Bancorp, Inc. (NYSE:CUBI), the parent company of Customers Bank (collectively, "Customers"), will host a webcast at 9:00 AM EDT on Friday, November 1, 2024, to report its earnings results for the three months ending September 30, 2024. The webcast will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, and Customers Bancorp Chief Financial Officer Philip Watkins. Register online for the webcast. The live audio webcast, presentation slides and earnings press release will be made available at the Customers Bank Investors webpage. The third quarter 2024 earnings press release will be issued after the ma
Financial industry veteran and former IRS Special Agent will strengthen BSA/AML processes, further Bank's commitment to risk management Customers Bank, the $22 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), has appointed Allen Love as Chief Compliance and AML Officer. In this role, Love will be responsible for leading the Bank's enterprise-wide compliance program, ensuring it continues to evolve as regulatory expectations increase. Love will immediately begin work on strengthening Bank Secrecy Act and Anti-Money Laundering (BSA/AML) protocols for the company's digital asset business in support of the Bank's recent agreement with the Federal Reserve Bank of Philadelphia and t
Shareholders reelect three directors, support executive "Say on Pay" proposal, ratify appointment of accounting firm, approve amendment to stock incentive plan Customers Bancorp (NYSE:CUBI) (the "Company"), parent company of Customers Bank (the "Bank"), held its annual shareholder meeting today and shareholders approved all proposals put to a vote. Robert J. Buford, Rajeev V. Date and Jay S. Sidhu were reelected as directors. Buford will continue to serve as member of the Board's Audit and Risk Committees; Date will continue as chair of the Board's Regulatory Affairs Committee and member of its Risk Committee and the Bank's Compliance Committee; Sidhu will continue as Chairman and membe
Shareholders of Customers Bancorp, Inc. (NYSE:CUBI) – parent of Customers Bank, a digital-forward super-community bank and one of the 100 largest banks in the U.S., met in a virtual annual meeting on Tuesday, May 30, electing three directors, ratifying the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm, supporting a non-binding "say on pay" proposal to approve the compensation of top executives, and amending the company's stock incentive plan. "Over the years, we have built Customers Bancorp, Inc. into a high performing, forward-thinking bank with strong risk management," commented Chair & CEO Jay Sidhu. Three Directors comprising the
Saidin brings over three decades of technology operations experience to Tassat Tassat Group Inc., the leading provider of real-time digital payments solutions for commercial banks and their corporate clients, today announced the appointment of Zain Saidin as Chief Operating Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230214005566/en/Zain Saidin, Chief Operating Officer at Tassat Group, Inc. (Photo: Business Wire) Saidin is a technology operations veteran, bringing over 30 years of technology integration, and strategic business development to Tassat. Prior to joining Tassat, Saidin served as the Chief Engineer and an
Shareholders of Customers Bancorp, Inc. (NYSE:CUBI) – parent of Customers Bank, a digital-forward super-community bank with a growing number of operations across the nation, met in a virtual annual meeting Tuesday, May 31 electing three directors, ratifying the appointment of Deloitte & Touche LLP as the Bank's independent registered public accounting firm, supporting a non-binding "say on pay" proposal to approve the compensation of top executives, and amending the company's stock Incentive plan. "At Customers Bank, we believe that three strengths make us unique: our commitment to human connections, our dedication to innovation and the latest technology, and our responsibility to always g
Shareholders of Customers Bancorp, Inc. (NYSE:CUBI) – parent of Customers Bank, a leading super-community bank with a growing number of operations across the nation, met in a virtual annual meeting Wednesday, May 26 electing two directors, ratifying the appointment of Deloitte & Touche LLP as the Bank's independent registered public accounting firm, and supporting a non-binding "say on pay" proposal to approve the compensation of top executives. Bank leaders, directors and shareholders took a moment of silence to remember all who were lost in the past year's global pandemic and to give thanks for the millions of frontline workers who courageously carried on to give care, deliver food and c
Customers Bancorp, Inc. (NYSE:CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE:CUBIPRE) of $0.61678915 per share. The dividend is payable on March 17, 2025, to shareholders of record on February 28, 2025. The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (NYSE:CUBIPRF) of $0.59290165 per share. The dividend is payable on March 17, 2025, to shareholders of record on February 28, 2025. Institutional Background Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation's top-p
Customers Bancorp, Inc. (NYSE:CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE:CUBIPRE) of $0.65395191 per share. The dividend is payable on December 16, 2024, to shareholders of record on November 30, 2024. The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (NYSE:CUBIPRF) of $0.63006441 per share. The dividend is payable on December 16, 2024, to shareholders of record on November 30, 2024. Institutional Background Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation's t
Customers Bancorp, Inc. (NYSE:CUBI): Third Quarter 2024 Highlights Q3 2024 net income available to common shareholders was $42.9 million, or $1.31 per diluted share; ROAA was 0.88% and ROCE was 10.44%. Q3 2024 core earnings*1 were $43.8 million, or $1.34 per diluted share; Core ROAA* was 0.89% and Core ROCE* was 10.66%. CET 1 ratio of 12.5%2 at September 30, 2024, compared to 12.8% at June 30, 2024, above the 11.5% target. TCE / TA ratio* of 7.7% at September 30, 2024, compared to 7.7% at June 30, 2024, above the 7.5% target. Total loans and leases held for investment grew by $520.8 million in Q3 2024 from Q2 2024 or 16% annualized. Q3 2024 deposit inflows from commercial custo
Customers Bancorp, Inc. (NYSE:CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE:CUBIPRE) of $0.67876078 per share. The dividend is payable on September 16, 2024, to shareholders of record on August 31, 2024. The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (NYSE:CUBIPRF) of $0.65487329 per share. The dividend is payable on September 16, 2024, to shareholders of record on August 31, 2024. Institutional Background Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation's
Customers Bancorp, Inc. (NYSE:CUBI): Second Quarter 2024 Highlights Q2 2024 net income available to common shareholders was $54.3 million, or $1.66 per diluted share; ROAA was 1.11% and ROCE was 13.85%. Q2 2024 core earnings*1 were $48.6 million, or $1.49 per diluted share; Core ROAA* was 1.00% and Core ROCE* was 12.39%. CET 1 ratio of 12.8%2 at June 30, 2024, compared to 12.6% at March 31, 2024, above the approximately 11.5% target. TCE / TA ratio* of 7.7% at June 30, 2024, compared to 7.3% at March 31, 2024, above the approximately 7.5% target. Total loans and leases grew by $375.8 million in Q2 2024 from Q1 2024 or 11% annualized. Q2 2024 net interest margin, tax equi
Customers Bancorp, Inc. (NYSE:CUBI) announced a corrected dividend amount on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE:CUBIPRE) and Series F (NYSE:CUBIPRF), previously announced on April 29, 2024. As corrected, the cash dividend on its Series E (NYSE:CUBIPRE) will be $0.700488 per share, payable on June 17, 2024, to shareholders of record on May 31, 2024, and the cash dividend on its Series F (NYSE:CUBIPRF) will be $0.675813 per share, payable on June 17, 2024, to shareholders of record on May 31, 2024. Institutional Background Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation's top-performing banking companies with nearly $22 billion in
Customers Bancorp, Inc. (NYSE:CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE:CUBIPRE) of $0.685584 per share. The dividend is payable on June 17, 2024, to shareholders of record on May 31, 2024. The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (NYSE:CUBIPRF) of $0.661434 per share. The dividend is payable on June 17, 2024, to shareholders of record on May 31, 2024. Institutional Background Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation's top-performing bankin
Customers Bancorp, Inc. (NYSE:CUBI): First Quarter 2024 Highlights Q1 2024 net income available to common shareholders was $45.9 million, or $1.40 per diluted share; ROAA was 0.94% and ROCE was 12.08%. Q1 2024 core earnings* were $46.5 million, or $1.42 per diluted share; Core ROAA* was 0.95% and Core ROCE* was 12.24%. Q1 2024 adjusted core earnings* excluding certain one-time items were $55.1 million, or $1.68 per diluted share; Adjusted Core ROAA* excluding certain one-time items was 1.11% and Adjusted Core ROCE* excluding certain one-time items was 14.50%. CET 1 ratio of 12.5%1 at March 31, 2024, compared to 12.2% at December 31, 2023, above the approximately 11.5% target.
Customers Bancorp, Inc. (NYSE:CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE:CUBIPRE) of $0.68163044 per share. The dividend is payable on March 15, 2024, to shareholders of record on February 29, 2024. The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (NYSE:CUBIPRF) of $0.65774294 per share. The dividend is payable on March 15, 2024, to shareholders of record on February 29, 2024. The company is reminding shareholders that, in accordance with Federal Reserve Board rule
Customers Bancorp, Inc. (NYSE:CUBI): Fourth Quarter 2023 Highlights Q4 2023 net income available to common shareholders was $58.2 million, or $1.79 per diluted share; ROAA was 1.16% and ROCE was 15.93%. Q4 2023 core earnings* were $61.6 million, or $1.90 per diluted share; Core ROAA* was 1.22% and Core ROCE* was 16.87%. CET 1 capital ratio of 12.2%1 at December 31, 2023, compared to 11.3% at September 30, 2023, surpassing 11.0% - 11.5% target. TCE / TA ratio* of 7.0% at December 31, 2023, compared to 6.5% at September 30, 2023, achieving stated target. Q4 2023 net interest margin, tax equivalent ("NIM") was 3.31%, compared to Q3 2023 NIM of 3.70%. Q3 2023 NIM included the b
SC 13G/A - Customers Bancorp, Inc. (0001488813) (Subject)
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SC 13G/A - Customers Bancorp, Inc. (0001488813) (Subject)
SC 13G - Customers Bancorp, Inc. (0001488813) (Subject)
SC 13G/A - Customers Bancorp, Inc. (0001488813) (Subject)
SC 13G/A - Customers Bancorp, Inc. (0001488813) (Subject)
SC 13G/A - Customers Bancorp, Inc. (0001488813) (Subject)
SC 13G - Customers Bancorp, Inc. (0001488813) (Subject)
SC 13G/A - Customers Bancorp, Inc. (0001488813) (Subject)
SC 13G - Customers Bancorp, Inc. (0001488813) (Subject)
DEFA14A - Customers Bancorp, Inc. (0001488813) (Filer)
DEF 14A - Customers Bancorp, Inc. (0001488813) (Filer)
SCHEDULE 13G/A - Customers Bancorp, Inc. (0001488813) (Subject)
8-K - Customers Bancorp, Inc. (0001488813) (Filer)
10-K - Customers Bancorp, Inc. (0001488813) (Filer)
144 - Customers Bancorp, Inc. (0001488813) (Subject)
8-K - Customers Bancorp, Inc. (0001488813) (Filer)
10-Q - Customers Bancorp, Inc. (0001488813) (Filer)
144 - Customers Bancorp, Inc. (0001488813) (Subject)
8-K - Customers Bancorp, Inc. (0001488813) (Filer)