News & Videos - CUSTOMERS BANCORP INC

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...

Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Friday, April 28, 2023, to report its earnings results for the three months ending March 31, 2023. The call 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 CFO Phil Watkins, and Customers Bank...

The top two executives of Customers Bancorp, Inc. (NYSE:CUBI), a high-performing bank holding company with over $20 billion in assets, will take all 2022 bonuses in stock rather than cash, the firm announced. “We are bullish on our bank. We believe in our future. We expect great times ahead,” said Chairman and CEO Jay Sidhu, adding, “and we want to demonstrate that faith to our fellow shareholders. This is the 5 th consecutive year that the CFO and I have taken 100% of our annual bonuses...

Customers Bank, a digital and fintech-forward super-community bank with a growing number of operations across the nation and the bank subsidiary of Customers Bancorp, Inc. (NYSE:CUBI), announced the launch of a new Loan Syndications Banking Team, expanding the bank’s lending services for middle market businesses and lead deals to support the bank’s existing and future national lines of business. The Loan Syndications Banking Team primarily focuses on clients in the commercial real estate,...

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 $0.61931250 per share. The dividend is payable on March 15, 2023, to shareholders of record on February 28, 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...

Customers Bancorp, Inc. (NYSE:CUBI) Full Year 2022 Highlights 2022 net income available to common shareholders was $218.4 million, or $6.51 per diluted share; ROAA was 1.13% and ROCE was 17.40%. 2022 core earnings* were $256.4 million, or $7.63 per diluted share; Core ROAA* was 1.32% and Core ROCE* was 20.43%. 2022 core earnings excluding Paycheck Protection Program* ("PPP") were $218.7 million, or $6.51 per diluted share, up 46.2% over 2021. This included a pre-tax provision release of $36.8...

Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EST on Thursday, January 26, 2023, to report its earnings results for the three months and year ending December 31, 2022. The call will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Chief Financial Officer Carla Leibold, and Chief Credit Officer Andrew Bowman. Register online...

Customers Bancorp, Inc. (NYSE: CUBI) the holding company which owns banking subsidiary Customers Bank (the "Bank") with assets over $20 billion and a leading provider of banking services to technology companies, announced today that the bankruptcy of FTX and its related companies has no material impact on the Bank. Customers Bank does not have a deposit relationship with FTX or any related companies and has no loans to any customers in the Digital Asset Banking space. Further, as of November 15,...

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 $0.53289158 per share. The dividend is payable on December 15, 2022, to shareholders of record on November 30, 2022. 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...

Customers Bancorp, Inc. (NYSE:CUBI) Third Quarter 2022 Results Earnings Earnings Per Share Return on Assets Return on Common Equity $61.4 million $1.85 1.24% 19.33% Net Income Diluted Earnings Per Share ROAA ROCE $82.3 million $2.48 1.64% 25.91% Core Earnings* Core Earnings Per Diluted Share* Core ROAA* Core ROCE* $76.4 million $2.30 1.95% 31.01% Core Earnings, excluding PPP* Core Earnings Per Diluted Share, excluding PPP* Pre-tax and Pre-provision Adjusted ROAA* Pre-tax and Pre-provision...

Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Thursday, October 27, 2022, to report its earnings results for the three months ending September 30, 2022. The call will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Chief Financial Officer Carla Leibold, and Chief Credit Officer Andrew Bowman. Register online for the...

Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), has appointed Raj Date, Managing Partner of Fenway Summer LLC, a Washington DC-based investment and advisory firm and the first-ever Deputy Director of the U.S. Consumer Financial Protection Bureau (CFPB), to the Board of the holding company and bank. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220825005678/en/ Raj Date,...

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 $0.445233 per share. The dividend is payable on September 15, 2022, to shareholders of record on August 31, 2022. 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...