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.
The Customers Bancorp, Inc. (NYSE: CUBI) news page on Stock Titan aggregates company announcements, earnings releases, capital markets activity, and other material updates disclosed by the bank holding company and its subsidiary, Customers Bank. As one of the 80 largest bank holding companies in the United States by assets, Customers Bancorp regularly issues news that sheds light on its commercial and consumer banking activities, capital structure decisions, and strategic initiatives.
Readers can find detailed earnings press releases that discuss net interest income, net interest margin, loan and lease growth, deposit trends, credit quality metrics, and non-interest income and expense. These releases often include management commentary on strategic priorities, capital raises, and operational efficiency, as well as non-GAAP measures and their reconciliations.
The news feed also covers announcements about common stock offerings, subordinated note issuances, and preferred stock actions, such as the redemption of the company’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F. In addition, Customers Bancorp publishes updates on its geographic expansion, including the opening of new offices in markets such as Irvine, Sherman Oaks, Sacramento, Reno, and Las Vegas, which it links to serving entrepreneurs, privately held businesses, commercial real estate developers, and investors.
Leadership and governance developments, including executive appointments, board changes, and new employment agreements, are disclosed through press releases and related SEC filings and are reflected in the news stream. The company also highlights external recognitions, such as rankings from American Banker, Forbes, and Inc. Magazine, and reports Net Promoter Scores that it compares to industry averages.
By following the CUBI news page, users can review a chronological record of Customers Bancorp’s public communications, from financial performance updates to capital markets transactions and service model milestones, all sourced from official press releases and filings.
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Customers Bancorp, Inc. (NYSE: CUBI) will host a webcast on April 28, 2023, at 9:00 AM EDT to report its earnings for the first quarter ending March 31, 2023. The webcast will be led by company executives including Chair & CEO Jay Sidhu and CFO Carla Leibold. The earnings release will be available after market close on April 27, 2023. Customers Bancorp, with over $20 billion in assets, ranks among the top 100 bank holding companies in the U.S. Notable rankings include #34 from Forbes and #64 from Fortune Magazine for growth. Customers Bank, its primary subsidiary, is recognized for innovative banking solutions and services. The webcast will be archived for later viewing.
Customers Bancorp, Inc. (NYSE:CUBI) announced that its top two executives will receive their 2022 bonuses entirely in stock, not cash. This marks the fifth consecutive year that Chairman and CEO Jay Sidhu and the CFO are aligning their compensation with shareholder interests, aiming to create shareholder value. The decision comes after a meeting of the Leadership Development and Compensation Committee on April 4, 2023. Customers Bancorp, with over $20 billion in assets, is recognized as one of the top-performing banking companies in the U.S. The company is praised for its innovative banking services, including a blockchain-based payment solution. Upcoming details regarding the executive compensation will be revealed in the 2023 annual proxy statement, expected in late April 2023, ahead of the shareholder meeting on May 30, 2023.
Customers Bank, a fintech-focused super-community bank, has launched a new Loan Syndications Banking Team. This team is aimed at enhancing lending services for middle market businesses in sectors such as commercial real estate and healthcare. Kyle Silberman has been appointed as Managing Director and Head, bringing over 12 years of experience in debt and loan syndication. The team will assist clients with various financing needs, including acquisitions and growth. Customers Bank is recognized as one of the top-performing banks in the U.S., with over $20 billion in assets, and offers a suite of technology-driven banking products.
Customers Bancorp (NYSE: CUBI) has declared a quarterly cash dividend of $0.61931250 per share on its Series E Preferred Stock and $0.59568750 on its Series F Preferred Stock. Both dividends are payable on March 15, 2023, to shareholders of record by February 28, 2023. With over $20.9 billion in assets, Customers Bancorp ranks among the largest bank holding companies in the US, providing a range of banking services supported by advanced technology. The company continues to be recognized for its strong performance in the banking sector.
Customers Bancorp reported a net income of $218.4 million in 2022, translating to $6.51 per diluted share. Core earnings reached $256.4 million or $7.63 per diluted share, a 46.2% increase over 2021. The company achieved a 1.13% return on average assets (ROAA) and a 17.40% return on average common equity (ROCE). Full-year loan growth was $1.2 billion (8.4%) and deposit growth was $1.4 billion (8.2%). However, the Q4 2022 net income fell to $25.6 million, with significant impairments from PPC-related losses. The company plans to moderate growth and improve margins in 2023.