Customers Bancorp (CUBI) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the s ...

Investors in Customers Bancorp, Inc. (CUBI) need to pay close attention to the stock based on moves in the options market lately. That is because the Feb 21, 2025 $35.00 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It c ...

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Customers Bancorp, Inc. due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation and Legal Action - Shareholders who purchased Customers Bancorp securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees [2]. - The Rosen Law Firm is preparing a class action to seek recovery of investor losses related to the allegations against Customers Bancorp [2]. Group 2: Regulatory Issues - On August 8, 2024, the Federal Reserve Board announced an enforcement action against Customers Bancorp, citing significant deficiencies in the bank's risk management practices and compliance with anti-money laundering regulations [3]. - Following the announcement, Customers Bancorp's stock price dropped by 13.3%, closing at $47.01 on the same day [3]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company and being ranked highly for securities class action settlements since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering investor losses [4].

NEW YORK, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Customers Bancorp, Inc ("Customers Bancorp" or "the Company") (NYSE: CUBI). Investors who purchased Customers Bancorp securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/CUBI. Investigation Details On April 12, 2024, Customers Bancorp disclosed in a filing with the U.S. Se ...

SAN FRANCISCO, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Customers Bancorp, Inc. (NYSE: CUBI) investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may assist the investigation to contact its attorneys. Visit: www.hbsslaw.com/investor-fraud/CUBI Contact the Firm Now: CUBI@hbsslaw.com 844-916-0895 Investigation Into Customers Bancorp, Inc. (CUBI): The investigation focuses on the propriety of Customers Bancorp's recent assurances ...

LOS ANGELES, Aug. 9, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Customers Bancorp, Inc. ("Customers Bancorp" or "the Company") (NYSE: CUBI) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Customers Bancorp revealed via an SEC filing on April 12, 2024, th ...

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 June 30, 2024 ☐ 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 or ot ...

Charleston, South Carolina, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Poulin Willey Anastopoulo LLC is investigating claims on behalf of Customers Bancorp (NYSE:CUBI) against certain of its officers and directors. If you are a current holder of Customers Bancorp you may have standing to recover on behalf of Customers Bancorp (and its current shareholders) by making the officers and directors who caused the harm personally liable. You also may be able to assist in improving Customers Bancorp's corporate governance i ...

Financial Data and Key Metrics Changes - The company reported a GAAP EPS of $1.66 and a core EPS of $1.49, with net income of $54.3 million and $48.6 million respectively [76] - The net interest margin expanded by 19 basis points to 3.29%, which is a positive trend compared to the broader industry [81][116] - Tangible book value per share grew by 20% year-over-year, exceeding $50, and the company achieved a 7.5% tangible common equity to tangible asset target in just two quarters of 2024 [6][89] Business Line Data and Key Metrics Changes - The company generated $358 million in held for investment net loan growth, reflecting an 11% annualized growth rate, primarily driven by corporate and specialized banking verticals [78] - The average cost of deposits declined by 5 basis points to 3.4%, bucking industry trends [84] - The company reported a modest uptick in non-performing assets (NPAs) as a percentage of total assets, ending the quarter at 23 basis points, which remains below regional bank peers [7] Market Data and Key Metrics Changes - The company noted that its level of criticized and classified loans decreased by about $35 million or 7%, indicating improved credit quality [7] - The company has a strong liquidity position, with a coverage of immediately available liquidity to uninsured deposits at 193% [119] Company Strategy and Development Direction - The company aims to be a top 3 to 5 national competitor in niche verticals, focusing on broad-based and diversified growth to ensure consistent returns for shareholders [4] - The next phase of deposit transformation involves replacing higher-cost deposits with higher-quality deposits, with a focus on relationship depth and cost [25] - The company is optimistic about taking market share, with strong loan and deposit pipelines and plans for selective, franchise-enhancing loan growth [81][115] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a mid-40s efficiency ratio over the medium term, despite temporary increases in expenses due to new team investments [28][123] - The company anticipates continued expansion of net interest margin and expects to maintain robust levels of liquidity while managing deposit costs [116][119] Other Important Information - The company has authorized a share repurchase plan for approximately 500,000 shares, indicating a commitment to returning value to shareholders [29] - The company has seen significant deposit generation from newly hired banking teams, contributing to a strong pipeline of low-cost relationship-based deposits [25][114] Q&A Session All Questions and Answers Question: Can you talk about the loan composition and drivers to loan growth going forward? - Management noted that new relationships associated with new teams contributed about $30 million in the second quarter, with expectations for continued growth [31] Question: Do you still think you can get to near a 50% efficiency ratio by year-end? - Management confirmed that they are making good progress towards achieving this target, although timing may vary [122] Question: Can you provide an update on crypto exposure and plans regarding venture capital deposits? - Management stated that they maintain self-imposed limits on digital asset customers and are focused on diversifying their deposit base [61] Question: What type of deposit growth do you need to achieve breakeven for the new teams? - Management indicated that they are seeing significant account growth and expect the new teams to break even by the end of the first quarter of 2025 [122] Question: How are you thinking about capital from here, especially regarding the buyback program? - Management emphasized a balanced approach to capital deployment, focusing on organic growth opportunities while being opportunistic with buybacks [48]

Core Insights - Customers Bancorp (CUBI) reported revenue of $198.69 million for the quarter ended June 2024, reflecting a year-over-year increase of 9.6% [1] - The company's earnings per share (EPS) for the quarter was $1.49, down from $1.65 in the same quarter last year [1] Financial Performance - The reported revenue exceeded the Zacks Consensus Estimate of $185.31 million, resulting in a positive surprise of 7.22% [4] - EPS also surpassed expectations with a surprise of 2.76%, compared to the consensus estimate of $1.45 [4] - Customers Bancorp's stock has returned +30.4% over the past month, contrasting with a -0.3% change in the Zacks S&P 500 composite [3] Key Metrics - Efficiency Ratio was reported at 51.9%, better than the estimated 52.7% [6] - Net Interest Margin stood at 3.3%, exceeding the average estimate of 3.2% [6] - Average Interest-Earning Assets were $20.52 billion, below the average estimate of $21.01 billion [6] - Total Non-Interest Income was $31.04 million, significantly higher than the estimated $21.19 million [6] - Net Interest Income was reported at $167.65 million, above the average estimate of $164.37 million [6] - Commercial lease income reached $10.28 million, surpassing the estimated $9.62 million [6]