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04.09.25 - 04:36
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Customers Bancorp, Inc. Announces Pricing of Voting Common Stock Offering (Business Wire)
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WEST READING, Pa.--(BUSINESS WIRE)--$CUBI #Banking--Customers Bancorp, Inc. (NYSE: CUBI) (“Customers” or the “Company”), a holding company that operates through its wholly owned banking subsidiary, Customers Bank (the “Bank”), announced today the pricing of the previously announced underwritten public offering of 2,189,781 shares of its voting common stock, $1.00 per share par value, at a public offering price of $68.50 per share. The gross proceeds to the Company is approximately $150 million. In addition, the Company has granted the underwriters a 30-day right to purchase up to an additional 328,467 shares of voting common stock at the public offering price, less underwriting discounts and commissions.
Morgan Stanley, Keefe, Bruyette & Woods, A Stifel Company, and Raymond James & Associates, Inc. are serving as joint book-running managers for the offering. B. Riley Securities, D.A. Davidson & Co., Hovde Group, LLC and Maxim Group LLC are acting as co-managers for the offering.
The Company in...
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03.09.25 - 22:51
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Customers Bancorp, Inc. Announces Launch of Voting Common Stock Offering (Business Wire)
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WEST READING, Pa.--(BUSINESS WIRE)--$CUBI #Banking--Customers Bancorp, Inc. (NYSE: CUBI) (“Customers” or the “Company”), a holding company that operates through its wholly owned banking subsidiary, Customers Bank (the “Bank”), announced today that it has launched an underwritten public offering of $150,000,000 of its voting common stock, $1.00 per share par value. The Company intends to grant the underwriters a 30-day right to purchase additional shares of its voting common stock.
Morgan Stanley, Keefe, Bruyette & Woods, A Stifel Company, and Raymond James & Associates, Inc. are serving as joint book-running managers for the offering.
The Company intends to use the net proceeds of this offering of voting common stock for general corporate purposes to support organic growth, which may include: refinancing, reducing or repaying indebtedness; repurchasing shares of voting common stock; redeeming, in whole or in part, shares of Series F Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Sto...
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28.07.25 - 22:33
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Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series F Preferred Stock (Business Wire)
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WEST READING, Pa.--(BUSINESS WIRE)--$CUBI #Banking--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 F (NYSE: CUBIPrF) of $0.59036756 per share. The dividend is payable on September 15, 2025, to shareholders of record on August 31, 2025.
Institutional Background
Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation's top-performing banking companies with over $22 billion in assets making it one of the 80 largest bank holding companies in the U.S. Customers Bank's commercial and consumer clients benefit from a full suite of technology-enabled tailored product experiences delivered by best-in-class customer service distinguished by a Single Point of Contact approach. In addition to traditional lines such as C&I lending, commercial real estate lending and multifamily lending, Customers Bank also provides a number of national corporate banking services to speciali...
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25.07.25 - 13:36
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Customers Bancorp Announces Executive Leadership Transition (Business Wire)
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Sam Sidhu to succeed Jay Sidhu as CEOWEST READING, Pa.--(BUSINESS WIRE)--$CUBI #Banking--Customers Bancorp, Inc. (NYSE: CUBI) announced today that Jay Sidhu, Chairman and CEO, will be retiring as CEO of the company and transitioning to the role of executive chairman effective January 1, 2026. The organization has appointed Sam Sidhu to succeed Jay Sidhu as CEO. Jay Sidhu will continue as executive chairman of both Customers Bancorp and Customers Bank and will remain on its Board of Directors.
Jay Sidhu, 73, founded Customers Bank and Customers Bancorp by investing in a small Chester County, Pa.-based institution with a vision to build a forward-thinking, client-focused bank. Under Jay's leadership of Customers Bancorp, Customers Bank has become a top-performing national organization growing from a distressed bank with approximately $200 million in assets to over $22 billion in assets, without any material acquisitions. Today, the market cap of Customers Bancorp has grown to approximately $2 billion from ...
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24.07.25 - 22:33
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Customers Bancorp Reports Results for Second Quarter 2025 (Business Wire)
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WEST READING, Pa.--(BUSINESS WIRE)--$CUBI #Banking--Customers Bancorp, Inc. (NYSE:CUBI):
Second Quarter 2025 Highlights
Q2 2025 net income available to common shareholders was $55.8 million, or $1.73 per diluted share; ROAA was 1.09% and ROCE was 12.79%.
Q2 2025 core earnings*1 were $58.1 million, or $1.80 per diluted share; Core ROAA* was 1.10% and Core ROCE* was 13.32%.
Total loans and leases held for investment grew by $319.0 million, or 2.1%, in Q2 2025 from Q1 2025.
Total deposits increased by $43.1 million or 0.2% in Q2 2025 from Q1 2025.
Q2 2025 net interest margin, tax equivalent (“NIM”) was 3.27%, compared to Q1 2025 NIM of 3.13%, an increase of 14 basis points, primarily due to higher interest income from loan growth.
Ratio of non-performing assets to total assets was 0.27% at June 30, 2025 compared to 0.26% at March 31, 2025.
Q2 2025 provision for credit losses was $20.8 million compared to $28.3 million in Q1 2025.
The allowance for credit losses on loans and leases equaled 518% of non-per...
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14.07.25 - 22:33
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Customers Bancorp, Inc. Hosts Second Quarter 2025 Earnings Webcast Friday, July 25, 2025 (Business Wire)
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WEST READING, Pa.--(BUSINESS WIRE)--$CUBI #Banking--Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 a.m. Eastern Daylight Time on Friday, July 25, 2025, to report its earnings results for the three months ending June 30, 2025. The webcast will be conducted by Customers Bancorp Chair and CEO Jay Sidhu, Customers Bancorp President and Customers Bank President and CEO Sam Sidhu, Customers Bancorp Chief Financial Officer Philip Watkins, and Customers Bank Chief Financial Officer Mark McCollom.
Register online for the webcast. The live audio webcast, presentation slides and earnings press release will be made available at the Customers Bank investors webpage.
The second quarter 2025 earnings press release will be issued after the market closes on Thursday, July 24, 2025.
The webcast will be archived for viewing on the Customers Bank investors webpage and available beginning approximately two hours after the conclusion of th...
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11.07.25 - 21:48
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Big Bank Earnings Kick Off Next Week: Here′s What to Watch (Bloomberg)
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Bloomberg's Sally Bakewell previews the big bank earnings scheduled to be released next week and comments on JPMorgan Chase's reported plan to start charging fees to financial-technology companies for access to their customers' bank account information. (Source: Bloomberg)...
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