Keefe Bruyette upgraded Customers Bancorp from Mkt Perform to Outperform and set a new price target of $80.00 from $72.00 previously
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| 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 |
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
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
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
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
SC 13G/A - Customers Bancorp, Inc. (0001488813) (Subject)
SC 13G - Customers Bancorp, Inc. (0001488813) (Subject)
SC 13G/A - Customers Bancorp, Inc. (0001488813) (Subject)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
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
144 - Customers Bancorp, Inc. (0001488813) (Subject)
8-K - Customers Bancorp, Inc. (0001488813) (Filer)
10-Q - Customers Bancorp, Inc. (0001488813) (Filer)