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Customers Bancorp Reports Results for Fourth Quarter and Full Year 2023
Businesswire· 2024-01-25 22:00
WEST READING, Pa.--(BUSINESS WIRE)--Customers Bancorp, Inc. (NYSE:CUBI): Fourth Quarter 2023 Highlights Q4 2023 net income available to common shareholders was $58.2 million, or $1.79 per diluted share; ROAA was 1.16% and ROCE was 15.93%. Q4 2023 core earnings* were $61.6 million, or $1.90 per diluted share; Core ROAA* was 1.22% and Core ROCE* was 16.87%. CET 1 capital ratio of 12.2%1 at December 31, 2023, compared to 11.3% at September 30, 2023, surpassing 11.0% - 11.5% target. TCE / TA ratio* o ...
Exploring Analyst Estimates for Customers Bancorp (CUBI) Q4 Earnings, Beyond Revenue and EPS
Zacks Investment Research· 2024-01-23 13:11
Wall Street analysts expect Customers Bancorp (CUBI) to post quarterly earnings of $1.76 per share in its upcoming report, which indicates a year-over-year increase of 47.9%. Revenues are expected to be $187.87 million, up 31.9% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 3.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company ...
Customers Bancorp(CUBI) - 2023 Q3 - Quarterly Report
2023-11-08 16:00
☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2023 Pennsylvania 27-2290659 (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) Securities registered pursuant to Section 12(g) of the Act: None On November 3, 2023, 31,413,946 shares of Voting Common Stock were outstanding. 2 Table of Contents | --- | --- | --- | --- | |----------------------------------------------------------- ...
Customers Bancorp(CUBI) - 2023 Q2 - Quarterly Report
2023-08-08 16:00
Commercial Lending Table of Contents On June 30, 2023, Customers sold $670 million of short-term syndicated capital call lines of credit within Specialty Lending consisting of $280.7 million of loans held for investment and $389.3 million of unfunded loan commitments. The Bank exited completely from these non-strategic, short-term syndicated capital call lines of credit, which did not provide any deposit relationships. 71 Purchases and sales of loans were as follows for the three and six months ended June 3 ...
Customers Bancorp(CUBI) - 2023 Q2 - Earnings Call Transcript
2023-07-28 17:19
Customers Bancorp, Inc. (NYSE:CUBI) Q2 2023 Earnings Conference Call July 28, 2023 9:00 AM ET Company Participants David Patti – Director of Communications Jay Sidhu – Executive Chairman Sam Sidhu – President and Chief Executive Officer Carla Leibold – Executive Vice President and Chief Financial Officer Conference Call Participants Michael Perito – KBW Casey Haire – Jefferies Frank Schiraldi – Piper Sandler Peter Winter – D.A. Davidson Matthew Breese – Stephens Bill Dezellem – Tieton Capital Markets Operat ...
Customers Bancorp(CUBI) - 2023 Q1 - Quarterly Report
2023-05-08 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2023 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . 001-35542 (Commission File number) (Exact name of registrant as specified in its charter) Customers Bancorp, Inc. 701 Reading Avenue West Reading, PA ...
Customers Bancorp(CUBI) - 2023 Q1 - Earnings Call Transcript
2023-04-28 18:42
Customers Bancorp Inc. (NYSE:CUBI) Q1 2023 Results Conference Call April 28, 2023 9:00 AM ET Company Participants David Patti - Director of Communications Jay Sidhu - Founder, Chairman & CEO Samvir Sidhu - President & Vice Chairman Carla Leibold - Executive VP & CFO Andrew Bowman - Senior EVP, Chief Credit Officer Conference Call Participants Frank Schiraldi - Piper Sandler Peter Winter - D.A. Davidson Operator Good morning. My name is Rob, and I will be your conference operator today. At this time, I would ...
Customers Bancorp(CUBI) - 2022 Q4 - Annual Report
2023-02-27 16:00
• the impact of COVID-19 and its variants on the U.S. and global economies, including business disruptions, reductions in employment and an increase in business failures, specifically among our customers; You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. We do not undertake any obligation to release publicly or otherwise provide any revisions to these forward-looking statements we may make, including any forward-looking statemen ...
Customers Bancorp(CUBI) - 2022 Q4 - Earnings Call Transcript
2023-01-26 18:33
Customers Bancorp, Inc. (NYSE:CUBI) Q4 2022 Earnings Conference Call January 26, 2022 9:00 AM ET Company Participants David Patti – Director of Communications Jay Sidhu – Executive Chairman Sam Sidhu – President and Chief Executive Officer Carla Leibold – Executive Vice President and Chief Financial Officer Andy Bowman – Executive Vice President and Chief Credit Officer Conference Call Participants Bill Dezellem – Tieton Capital Management Operator Good morning. My name is Rob, and I will be conference oper ...
Customers Bancorp(CUBI) - 2022 Q3 - Quarterly Report
2022-11-07 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2022 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . 001-35542 (Commission File number) (Exact name of registrant as specified in its charter) Customers Bancorp, Inc. Pennsylvania 27-2290659 (State ...