Customers Bancorp Inc Stock Price, News & Analysis

Customers Bancorp (NYSE: CUBI) has announced the launch of an underwritten public offering of $150 million of its voting common stock. The company has granted underwriters a 30-day option to purchase additional shares.

The offering is being managed by Morgan Stanley, Keefe, Bruyette & Woods, and Raymond James as joint book-running managers. Proceeds will support organic growth initiatives, including potential debt refinancing, share repurchases, preferred stock redemption, regulatory capital investments in subsidiaries, and possible acquisitions.

The offering is being made through a registration statement on Form S-3 that became effective on September 3, 2025.

Customers Bancorp (NYSE:CUBI) has declared a quarterly cash dividend of $0.59036756 per share on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F. The dividend will be paid on September 15, 2025, to shareholders of record as of August 31, 2025.

The bank, with over $22 billion in assets, ranks among the top 80 largest bank holding companies in the U.S. Notable achievements include ranking No. 1 on American Banker's 2024 list of top-performing banks ($10B-$50B assets) and No. 72 on Forbes' 2025 Best Banks list.

Customers Bancorp (NYSE:CUBI) announced a significant leadership transition, with founder Jay Sidhu stepping down as CEO to become executive chairman effective January 1, 2026. His son Sam Sidhu, currently president of Customers Bancorp and CEO of Customers Bank, will succeed him as CEO.

Under Jay Sidhu's leadership, Customers Bank grew from a $200 million asset institution to over $22 billion in assets, with market capitalization expanding from $17 million to approximately $2 billion. Sam Sidhu, who joined as COO in 2020, has already demonstrated strong leadership, with the bank's stock price increasing nearly 500% over the past five years.

Customers Bancorp (NYSE:CUBI) reported strong Q2 2025 results with net income of $55.8 million, or $1.73 per diluted share. Core earnings reached $58.1 million, or $1.80 per diluted share. The bank demonstrated solid growth with total loans increasing by $319.0 million (2.1%) and deposits growing by $43.1 million (0.2%) quarter-over-quarter.

Key performance metrics improved significantly, with net interest margin expanding to 3.27%, up 14 basis points from Q1. Asset quality remained strong with non-performing assets at just 0.27% of total assets. The bank maintained robust capital levels with a CET1 ratio of 12.0% and completed the redemption of $57.5 million in Series E Preferred Stock.

Notable growth was seen in specialized lending (up $385 million) and mortgage finance (up $148 million). The bank's liquidity position remains strong with $8.6 billion available, covering approximately 150% of uninsured deposits.

Customers Bancorp (NYSE:CUBI) has announced its second quarter 2025 earnings webcast scheduled for Friday, July 25, 2025, at 9:00 a.m. EDT. The event will feature key executives including CEO Jay Sidhu and President Sam Sidhu, with the earnings release to be issued after market close on July 24, 2025.

The company, with over $22 billion in assets, ranks among the top 80 largest bank holding companies in the U.S. Notable achievements include ranking No. 1 on American Banker's 2024 list of top-performing banks ($10B-$50B assets) and securing the 72nd position in Forbes Best Banks 2025 list. The bank boasts a distinguished Net Promoter Score of 73, significantly outperforming the industry average of 41.

Save Advisers and Save Technologies have launched the Market Savings Sub-advisory Program, partnering with Customers Bank (NYSE: CUBI). This innovative program combines FDIC-insured deposit accounts from Customers Bank with a market-based yield enhancement strategy managed by Save Advisers LLC. The program, exclusively available through Registered Investment Advisers partnered with Save, requires a minimum deposit of $10,000 for a one-year term. It aims to provide wealth managers with a unique cash management solution that offers both principal protection and growth potential. The investment component is managed through the Save platform and held at Pershing, LLC, while the deposit accounts are provided by Customers Bank with FDIC insurance eligibility.

Customers Bancorp (NYSE:CUBI) held its virtual annual meeting on May 27, 2025, where shareholders approved all proposed items. The meeting resulted in the election of three directors: Andrea R. Allon and Bernard B. Banks for three-year terms expiring in 2028, and Daniel K. Rothermel for a one-year term expiring in 2026. Shareholders also ratified Deloitte & Touche LLP as the company's independent auditor and approved a non-binding proposal on executive compensation.

Customers Bancorp, with over $22 billion in assets, ranks among the top 80 largest bank holding companies in the U.S. The bank has received notable recognition, including ranking No. 1 on American Banker's 2024 list of top-performing banks in its asset category and achieving a Net Promoter Score of 73, significantly above the industry average of 41.

Customers Bancorp (NYSE: CUBI) has announced the complete redemption of its Series E Preferred Stock, comprising 2,300,000 shares worth $57.5 million. The redemption is scheduled for June 16, 2025, with a cash redemption price of $25 per share. The company will also pay a regular quarterly dividend of $0.61304235 per share to holders of record as of May 31, 2025.

The redemption is expected to be accretive to earnings per share at an annualized rate of 12 cents. The bank's book value per share as of March 31, 2025, stood at $54.85. This strategic move aligns with Customers Bancorp's efforts to optimize its funding and capital structure, particularly given the current 9.70% dividend rate on the Series E Preferred Stock.