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CUSTOMERS BANCORP INC - $CUBI STOCK NEWS

Welcome to our dedicated page for CUSTOMERS BANCORP news (Ticker: $CUBI), a resource for investors and traders seeking the latest updates and insights on CUSTOMERS BANCORP stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CUSTOMERS BANCORP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CUSTOMERS BANCORP's position in the market.

Rhea-AI Summary
Customers Bancorp, Inc. to report Q3 2023 earnings results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.63%
Tags
conferences earnings
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Rhea-AI Summary
Customers Bancorp, Inc. (NYSE:CUBI) has declared a quarterly cash dividend on its Preferred Stock, Series E and F. The dividend for Series E is $0.6831 per share, payable on September 15, 2023, to shareholders of record on August 31, 2023. The dividend for Series F is $0.65895 per share, payable on September 15, 2023, to shareholders of record on August 31, 2023. Customers Bancorp will no longer use three-month LIBOR as a reference rate for determining the dividend rate of the Preferred Stock. The new reference rate will be based on the CME Term SOFR Reference Rate plus a spread. The calculation agent will determine the dividend rate based on the spread and the new reference rate.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.45%
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dividends
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Rhea-AI Summary
Customers Bancorp, Inc. (CUBI) reported strong financial results for Q2 2023. Net income available to common shareholders was $44.0 million, or $1.39 per diluted share. The company achieved a CET 1 capital ratio of 10.3% at June 30, 2023. Q2 2023 net interest margin increased to 3.15%, and total deposits grew by $226.8 million. Non-performing assets decreased by 12% compared to the previous quarter. Book value per share and tangible book value per share both grew by $1.08, or 2.6%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.02%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.19%
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conferences earnings
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Rhea-AI Summary
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Rhea-AI Sentiment
End-of-Day
3.67%
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none
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Rhea-AI Sentiment
End-of-Day
0.48%
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Rhea-AI Summary
Customers Bancorp Holds Virtual Annual Meeting, Elects Directors and Approves Compensation Plan
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.95%
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none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.21%
Tags
dividends
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.1%
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none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.14%
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conferences earnings
CUSTOMERS BANCORP INC

NYSE:CUBI

CUBI Rankings

CUBI Stock Data

1.53B
29.04M
7.04%
88.02%
6.29%
Commercial Banking
Finance and Insurance
Link
United States of America
WEST READING

About CUBI

what we believe in: at customers bank, we are dedicated to providing exceptional value, service and convenience as part of an overall effortless banking experience. our high-tech, high-touch approach to banking allows us to deliver a superior selection of products and services. who we serve: we’re a community-based, full-service bank that offers a continually expanding portfolio of loans to small businesses, multi-family projects, mortgage companies and consumers in pennsylvania, new york, rhode island, new hampshire, massachusetts, and new jersey. our way of banking: our high-tech approach ensures that our customers have access to the all the latest and most convenient mobile and online banking tools. but when high-tech isn’t enough, customers have the convenience of concierge banking® — face-to-face banking by appointment at customers’ homes or offices 12 hours a day, seven days a week. our single-point-of-contact model means that customers have just one phone number to call for virt