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28.05.25 - 22:33
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Customers Bancorp Shareholders Approve All Proposals in Online Annual Meeting (Business Wire)
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WEST READING, Pa.--(BUSINESS WIRE)--$CUBI #Banking--Shareholders of Customers Bancorp, Inc. (NYSE:CUBI), parent of Customers Bank, a digital-forward bank and one of the 80 largest banks in the U.S., met in a virtual annual meeting on Tuesday, May 27, electing three directors, ratifying the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ended Dec. 31, 2025, and supporting a nonbinding “say on pay” proposal to approve the compensation of the company's named executive officers.
“As we reflect on the past year, we are pleased with our progress and excited about the future of Customers Bank,” said Customers Bancorp, Inc. Chair & CEO Jay Sidhu. “Our unique business model and exceptional customer service have positioned us well in a competitive environment and contributed to ensuring our organization is 'built to last' with our commitment to make our customers say 'wow.'”
Two directors, Andrea R. Allon and Bernard B. Banks...
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14.05.25 - 22:33
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Customers Bancorp, Inc. Announces Full Redemption of Series E Preferred Stock (Business Wire)
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WEST READING, Pa.--(BUSINESS WIRE)--$CUBI #Banking--Customers Bancorp, Inc. (NYSE: CUBI) is redeeming, in whole, all 2,300,000 shares ($57.5 million) of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (ticker “CUBIPrE”) (the “Series E Preferred Stock”) which had a current declared dividend rate of 9.70%.
The redemption date for the Series E Preferred Stock Shares is June 16, 2025 (the “Series E Redemption Date”). The cash redemption price, payable on the Series E Redemption Date, for each share of Series E Preferred Stock, will equal $25. Because the redemption date is also a dividend payment date for the Series E Preferred Stock, the redemption price does not include declared and unpaid dividends. Holders of record on May 31, 2025, as declared by Customers Bancorp's board of directors on April 23, 2025, will separately receive the regular quarterly dividend of $0.61304235 per share due on the Series E Redemption Date.
The redemption announced today is consistent...
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28.04.25 - 22:33
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Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred Stock (Business Wire)
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WEST READING, Pa.--(BUSINESS WIRE)--$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 E (NYSE: CUBIPrE) of $0.61304235 per share. The dividend is payable on June 16, 2025, to shareholders of record on May 31, 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 $0.58915485 per share. The dividend is payable on June 16, 2025, to shareholders of record on May 31, 2025.
Institutional Background
Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation's top-performing banking companies with over $22 billion in assets making it one of the 80 largest bank holding companies in the U.S. Customers Bank's commercial and consumer clients benefit from a full suite of technology-enabled tailored product experiences delivered by best-in-class c...
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24.04.25 - 22:36
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Customers Bancorp Reports Results for First Quarter 2025 (Business Wire)
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WEST READING, Pa.--(BUSINESS WIRE)--$CUBI #Banking--Customers Bancorp, Inc. (NYSE:CUBI):
First Quarter 2025 Highlights
Q1 2025 net income available to common shareholders was $9.5 million, or $0.29 per diluted share; ROAA was 0.23% and ROCE was 2.23%.
Q1 2025 core earnings*1 were $50.0 million, or $1.54 per diluted share; Core ROAA* was 0.97% and Core ROCE* was 11.72%.
Q1 2025 net income available to common shareholders included $39.9 million of post-tax losses in connection with a securities portfolio repositioning to improve structural liquidity, enhance credit profile, reduce asset sensitivity and benefit margin.
Total loans and leases held for investment grew by $611.7 million, or 4.2%, in Q1 2025 from Q4 2024.
Total deposits increased by $86.5 million or 0.5% in Q1 2025 from Q4 2024.
Non-interest bearing demand deposits decreased $55.7 million or 1.0% in Q1 2025 from Q4 2024; non-interest bearing deposits represented 29.3% of total deposits at March 31, 2025.
Q1 2025 average cost of deposits was 2.82...
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14.04.25 - 22:36
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Customers Bancorp, Inc. Hosts First Quarter 2025 Earnings Webcast Friday, Apr. 25, 2025 (Business Wire)
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WEST READING, Pa.--(BUSINESS WIRE)--$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, Apr. 25, 2025, to report its earnings results for the three months ending March 31, 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, and Customers Bancorp Chief Financial Officer Philip Watkins.
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 first quarter 2025 earnings press release will be issued after the market closes on Thursday, April 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 the live event.
Institutional Background
Customers Banc...
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