Customers Bancorp Inc Stock Price, News & Analysis

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.

Customers Bancorp (NYSE:CUBI) reported Q1 2025 results with net income of $9.5 million ($0.29 per diluted share), down from $23.3 million in Q4 2024. Core earnings were $50.0 million ($1.54 per diluted share). The quarter included $39.9 million in post-tax losses from securities portfolio repositioning.

Key metrics include:

• Total loans grew 4.2% to $611.7 million quarter-over-quarter
• Deposits increased 0.5% to $86.5 million
• Net interest margin improved to 3.13% from 3.11%
• Cost of deposits decreased to 2.82% from 3.07%
• Non-performing assets ratio at 0.26%

The bank maintained strong capital positions with CET1 ratio at 11.7% and tangible book value per share grew to $54.74, up 1.2% from previous quarter. Commercial loan growth of $460.3 million was driven by specialized lending verticals, while maintaining minimal exposure (1%) to higher-risk office commercial real estate.

Customers Bancorp (NYSE: CUBI) has announced it will host its first quarter 2025 earnings webcast on Friday, April 25, 2025, at 9:00 a.m. EDT. The presentation will feature Chair and CEO Jay Sidhu, President Sam Sidhu, and CFO Philip Watkins.

The earnings release will be issued after market close on Thursday, April 24, 2025. 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:

• No. 1 on American Banker 2024's top-performing banks ($10B-$50B assets)
• Ranked 72nd in Forbes Best Banks 2025 list
• Featured in 2024 Inc. Magazine Best in Business List (Financial Services Category)

Customers Bank, a subsidiary of Customers Bancorp (NYSE: CUBI), has achieved an impressive Net Promoter Score (NPS) of 73 in its first annual assessment, significantly surpassing the financial services industry average of 41. This score demonstrates the bank's success in delivering exceptional customer service through its high-touch, single point of contact business model.

With over $22 billion in assets, Customers Bank ranks among the 80 largest bank holding companies in the U.S. The bank has received notable recognition, including the #1 position on American Banker 2024's list of top-performing banks with $10B to $50B in assets, and ranking 72nd on Forbes Best Banks list 2024. The institution offers comprehensive commercial and consumer banking services, including C&I lending, commercial real estate lending, and specialized national corporate banking services.

Customers Bank, a subsidiary of Customers Bancorp (NYSE: CUBI) with over $22 billion in assets, has been named one of America's Best Banks by Forbes for the seventh consecutive year. The recognition is based on Forbes' 16th annual evaluation of the 200 largest publicly traded banks, measuring growth, credit quality, and profitability for the 12 months ending September 30, 2024, and stock performance through January 10, 2025.

The bank's success is attributed to its unique operating model featuring a single point of contact, focused product offering, and exceptional customer service. The evaluation criteria included metrics such as net interest margin, return on average tangible common equity, CET1 ratio, efficiency ratio, and operating revenue growth. Notably, Customers Bank ranks No. 1 on American Banker 2024's list of top-performing banks with $10B to $50B in assets and No. 72 among the 100 largest publicly traded banks.

Customers Bancorp (NYSE:CUBI) has declared quarterly cash dividends for two of its preferred stock series. The company will pay $0.61678915 per share for Series E (NYSE: CUBIPrE) and $0.59290165 per share for Series F (NYSE: CUBIPrF) preferred stocks. Both dividends will be paid on March 17, 2025, to shareholders of record as of February 28, 2025.

The company, with over $22 billion in assets, ranks among the top 80 largest bank holding companies in the U.S. Customers Bank has received notable recognition, including the #1 position on American Banker's 2024 list of top-performing banks with $10B to $50B in assets, and ranks 29th on Forbes' 2024 Best Banks list.

Customers Bancorp (NYSE:CUBI) reported Q4 2024 net income of $23.3 million ($0.71 per diluted share), with core earnings of $44.2 million ($1.36 per diluted share). The quarter included $20.0 million in post-tax losses from securities portfolio repositioning.

Key Q4 highlights include: Total loans grew $671.1 million (19% annualized), deposits increased by $777.1 million (4.3%), and non-interest bearing deposits rose by $937.5 million (20.1%). The average cost of deposits decreased 39 basis points to 3.07%, while net interest margin improved to 3.11%.

For full-year 2024, net income was $166.4 million ($5.09 per share). Total loans increased by $1.6 billion (12.3%) and deposits grew by $926.2 million (5.2%). The company maintained strong asset quality with non-performing assets at 0.25% of total assets and a CET1 ratio of 12.0%. During 2024, CUBI repurchased 393,303 shares at an average price of $48.36 for $19.2 million.