Customers Bancorp

Customers Bancorp, Inc. operates as a bank holding company, which engages in the provision of banking services through its subsidiary, Customers Bank. It operates through the Customers Bank Business Banking and BankMobile segments. The Customers Bank Business Banking segment includes commercial customers in Southeastern Pennsylvania, New York, New Jersey, Massachusetts, Rhode Island, New Hampshire, Washington, D.C., and Illinois through a single-point-of-contact business model and provides liquidity to residential mortgage originators nationwide through commercial loans to mortgage companies. The BankMobile segment focuses on high-tech digital banking and disbursement services to consumers, students and the under banked nationwide, along with Banking as a Service offerings with existing and potential white label partners. The company was founded in 1997 and is headquartered in West Reading, PA.

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Customers Bancorp surpasses earnings targets, eyes growth moderation in 2023

Customers Bancorp delivered strong financial performance in Q4 2022 and full-year 2022.
Strategic priorities for 2023 include growth moderation, margin improvement, and stock buybacks.
Challenges with PPP loans impacted Q4 2022 results but are being managed.
Opportunities lie in optimizing margins, enhancing client service, and capitalizing on low-risk lending.

Customers Bancorp excels in Q1 2023, focuses on growth and stability

Customers Bancorp delivered a strong performance in Q1 2023, surpassing street estimates and demonstrating robust financial metrics. The bank's focus on deposit franchise improvement and balance sheet strengthening was evident.
While challenges exist in managing expenses and navigating uncertainties in the commercial real estate sector, the bank's proactive approach to building capital reserves and attracting talent presents opportunities for growth.
Overall, Customers Bancorp's prudent risk management strategies, focus on credit quality, and efforts to enhance its capital base position it well for future success and resilience in a dynamic economic environment.

Customers Bancorp exceeds Q2 expectations, eyes niche vertical growth

Customers Bancorp's Q2 performance showcased strength in core operations and strategic transactions, driving improved financial metrics. While facing challenges like increased expenses and deposit mix shifts, the bank remains focused on maintaining a strong balance sheet. Opportunities lie in niche vertical growth and leveraging the benefits of recent acquisitions for future expansion.

Customers Bancorp (CUBI) surpasses Q3 estimates, eyes growth opportunities

Customers Bancorp (CUBI) reported strong Q3 results, exceeding expectations and showcasing a focus on maintaining strong capital ratios, managing risks, and driving profitability. The company is optimistic about surpassing 2023 EPS targets, maintaining a strong capital position, and providing a positive outlook for 2024.

Customers Bancorp excels in Q4 2023, eyes growth opportunities

Customers Bancorp's Q4 2023 earnings call highlighted strong financial metrics, achievements in meeting past promises, and strategic focus areas for 2024. Challenges include substandard loans and declining specialty lending balances, while opportunities lie in growth avenues from market share gains and strategic reinvestment.

Customers Bancorp reports robust Q1 performance and eyes growth opportunities

Customers Bancorp's Q1 2024 performance reflects strong deposit growth, disciplined loan strategies, and robust asset quality. The company's focus on key metrics and growth areas showcases a commitment to financial stability and expansion. Challenges lie in optimizing efficiencies and managing concentrations, while opportunities exist in NIM expansion and deposit strategy enhancements.
Executives' excitement about future opportunities, coupled with the addition of new banking teams, signals a positive outlook for Customers Bancorp. The company's strategic priorities align with industry trends, emphasizing growth, efficiency, and maintaining strong capital levels.

Customers Bancorp (CUBI) exceeds earnings estimates and targets, eyes growth

Customers Bancorp (CUBI) showcased a strong financial performance in Q2 2024, with notable achievements in loan growth, margin expansion, and tangible book value growth. While facing challenges related to increased expenses, the company has opportunities to optimize its deposit mix and enhance expense management. Overall, the company's focus on maintaining liquidity, credit quality, and growth bodes well for its future outlook.

Customers Bancorp reports robust Q3 performance and outlines growth strategy

Customers Bancorp's Q3 2024 earnings call highlighted strong performance metrics, strategic initiatives, and a positive outlook. Despite challenges in expenses and net interest margin, the bank's focus on growth and client service positions it well for the future.

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Customers Bancorp, Inc. engages in the provision of banking services through its subsidiary, Customers Bank. The firm also provides banking products such as loans and deposits to businesses and consumers through its branches, limited production, and administrative offices. The company was founded in 1997 and is headquartered in Malvern, PA.

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.

Customers Bancorp, Inc. to Host Second Quarter 2023 Earnings Webcast on Friday, July 28, 2023

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.

Customers Bank Onboards Former Signature Venture Banking Team

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Why Shares of PacWest Bancorp, Customers Bancorp, and Orange County Bancorp Are Rising This Week

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.

Customers Bancorp acquires $631 mln loan portfolio from FDIC at discount

Signature Bank

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 value, or about $536 million. The portfolio was a result of the FDIC's takeover of Signature Bank on March 12, a bank spokesperson told MarketWatch.

Customer Bancorp buys a Signature Bank loan portfolio from the FDIC

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 team.

Customers Bancorp Acquires $631 Million Loan Portfolio From FDIC at Significant Discount and Recruits Venture Banking Team

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Sometimes, no major news can be a good thing for a volatile sector. Odeon Capital initiated coverage on PacWest Bancorp.

Why Shares of PacWest Bancorp, Customers Bancorp, and Merchants Bancorp Are Rising This Week

Customers Bancorp stock has rallied over 50% in the past month, outperforming its peers and the regional banking ETF. The rally is attributed to strong risk management and conservative positioning by CUBI during the regional banking crisis. Despite a longer-term downtrend, the company's undervaluation and post-PPP growth potential make it a relatively safe investment below $30 per share.

Customers Bancorp: Strong Risk Management Culture And Undervaluation Make It A Buy

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 resolutions.

Customers Bancorp Shareholders Approve All Proposals in Online Annual Meeting

Customers Bancorp is a small regional bank located in Pennsylvania. Shares of the bank have come under pressure, including preferred shares.

Customers Bancorp: Floating Preferred Share Yielding 13.5%

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Customers operates many niche businesses like tech and venture banking, as well as crypto transactions. A big question is how stable deposits from these businesses are.

Customers Bancorp Benefitted From the Banking Crisis. Can It Sustain the Momentum?

Customers Bancorp Inc. (NYSE:CUBI ) Q1 2023 Results Conference Call April 28, 2023 9:00 AM ET Company Participants David Patti - Director of Communications Jay Sidhu - Founder, Chairman & CEO Samvir Sidhu - President & Vice Chairman Carla Leibold - Executive VP & CFO Andrew Bowman - Senior EVP, Chief Credit Officer Conference Call Participants Frank Schiraldi - Piper Sandler Peter Winter - D.A. Davidson Operator Good morning.

Customers Bancorp Inc. (CUBI) Q1 2023 Earnings Call Transcript

The headline numbers for Customers Bancorp (CUBI) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Customers Bancorp (CUBI) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Customers Bancorp (CUBI) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $2.19 per share a year ago.

Customers Bancorp (CUBI) Surpasses Q1 Earnings and Revenue Estimates

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.

Customers Bancorp Reports Results for First Quarter 2023

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.

Customers Bancorp to Report First Quarter 2023 Earnings

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.

Customers Bancorp Top Two Execs Elect Stock Bonuses in Lieu of Cash

SVB Financial Group

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 Thursday (March 23), citing unnamed sources.

Customers Bancorp Reportedly Seeks Potential Co-Investors for Silicon Valley Bank

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.

Customers Bancorp weighs making an offer for Silicon Valley Bank - Bloomberg News

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Customers Bancorp (CUBI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Customers Bancorp (CUBI) Moves 10.8% Higher: Will This Strength Last?

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News for Customers Bancorp Stock (CUBI)