CUSTOMERS BANCORP INC overview

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 $0.6831 per share. The dividend is payable on September 15, 2023, to shareholders of record on August 31, 2023. 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 $0.65895...

Customers Bancorp, Inc. (NYSE:CUBI) Second Quarter 2023 Highlights Q2 2023 net income available to common shareholders was $44.0 million, or $1.39 per diluted share; ROAA was 0.88% and ROCE was 13.22%. Q2 2023 core earnings* were $52.2 million, or $1.65 per diluted share; Core ROAA* was 1.03% and Core ROCE* was 15.67%. CET 1 capital ratio of 10.3% 1 at June 30, 2023, compared to 9.6% at March 31, 2023. Significant progress toward stated goal of 11.0% - 11.5% by year-end 2023. Q2 2023 net...

Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Friday, July 28, 2023, to report its earnings results for the three months ending June 30, 2023. The webcast will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Customers Bancorp Chief Financial Officer Carla Leibold, Customers Bank Chief Financial Officer Philip...

Customers Bank, the $21 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), announced today it has completed the onboarding of a nearly 30-member venture banking team formerly employed by Signature Bank. Initially, this team will handle the transfer and servicing of about 150 loans in Customers Bank’s recently acquired $631 million venture banking loan portfolio but are expected to gather significant deposits from these clients and grow Customers Bank’s Tech & Venture and Fund Finance...

Customers Bancorp (NYSE:CUBI), through its principal subsidiary, Customers Bank (“Customers”), has acquired a $631 million 1 venture banking loan portfolio from the FDIC at approximately 85% of book value. 1 Separate from the loan pool purchase, Customers has successfully recruited 30 team members from the group that originated these loans to service the venture-backed growth industry from seed-stage through late-stage. The newly recruited team will give clients access to the capital to grow...

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...

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 $0.63929075 per share. The dividend is payable on June 15, 2023, to shareholders of record on May 31, 2023. 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 $0.61514075...

Customers Bancorp, Inc. (NYSE:CUBI) First Quarter 2023 Highlights Q1 2023 net income available to common shareholders was $50.3 million, or $1.55 per diluted share; ROAA was 1.03% and ROCE was 16.00%. Q1 2023 core earnings* were $51.1 million, or $1.58 per diluted share; Core ROAA* was 1.05% and Core ROCE* was 16.28%. Q1 2023 core earnings excluding Paycheck Protection Program* ("PPP") were $41.5 million, or $1.28 per diluted share. Q1 2023 adjusted pre-tax pre-provision net income* was $89.3...