Forbes Names Customers Bank One of America's Best Banks

$CUBI
Major Banks
Finance
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Recent Analyst Ratings for
$CUBI

DatePrice TargetRatingAnalyst
11/4/2024$57.00 → $52.00Outperform → Mkt Perform
Keefe Bruyette
9/24/2024$79.00 → $53.00Outperform → Neutral
Wedbush
8/9/2024$49.00Outperform → Market Perform
Hovde Group
5/2/2024$66.00 → $63.00Outperform
Hovde Group
12/6/2023$62.00Buy
B. Riley Securities
9/29/2023$60.00Strong Buy
Raymond James
10/28/2022$42.00 → $44.00Neutral → Buy
DA Davidson
9/28/2022$45.00Outperform
Wedbush
More analyst ratings

$CUBI
Press Releases

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  • Customers Bank Exceeds Client Expectations in Approach to Service

    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,

    $CUBI
    Major Banks
    Finance
  • Forbes Names Customers Bank One of America's Best Banks

    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

    $CUBI
    Major Banks
    Finance
  • Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred Stock

    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

    $CUBI
    Major Banks
    Finance

$CUBI
Analyst Ratings

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$CUBI
Insider Purchases

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Insider Trading

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SEC Filings

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$CUBI
Leadership Updates

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  • Customers Bank Appoints Allen Love as Chief Compliance & AML Officer

    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

    $CUBI
    Major Banks
    Finance
  • Customers Bancorp Announces Voting Results of Annual Shareholder Meeting

    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

    $CUBI
    Major Banks
    Finance
  • Customers Bancorp Shareholders Approve All Proposals in Online Annual Meeting

    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

    $CUBI
    Major Banks
    Finance

$CUBI
Financials

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

    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

    $CUBI
    Major Banks
    Finance
  • Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred Stock

    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

    $CUBI
    Major Banks
    Finance
  • Customers Bancorp Reports Results for Third Quarter 2024

    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

    $CUBI
    Major Banks
    Finance

$CUBI
Large Ownership Changes

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