Customers Bancorp, Inc. reports developments tied to its role as the bank holding company for Customers Bank, a regulated banking subsidiary serving commercial, corporate and consumer clients. Recurring updates include quarterly earnings, deposit growth, credit quality, capital ratios, securities portfolio positioning and common stock repurchase activity.
Company news also covers Customers Bank's lending and banking services, including C&I, commercial real estate, residential and personal lending, fund finance, venture banking, healthcare, mortgage finance, equipment finance, payments, treasury, title and escrow services. Other recurring themes include technology-enabled banking partnerships, customer-service operating initiatives, executive appointments, governance matters and industry recognition.
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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.