Exhibit 99.1 Customers Bancorp, Inc. (NYSE:CUBI) 701 Reading Avenue West Reading, PA 19611 Contact: Jordan Baucum, Head of Corporate Communications 951-608-8314 Customers Bancorp Reports Results for Third Quarter 2024 1 Third Quarter 2024 Highlights • Q3 2024 net income available to common shareholders was $42.9 million, or $1.31 per diluted share; ROAA was 0.88% and ROCE was 10.44%. • Q3 2024 core earnings* were $43.8 million, or $1.34 per diluted share; Core ROAA* was 0.89% and Core ROCE* was 10.66%. • CE ...

Core Insights - Customers Bancorp, Inc. is under investigation for potential violations of federal securities laws by the Rosen Law Firm, a global investor rights law firm [1] - The stock of Customers Bancorp dropped significantly following an announcement from the Federal Reserve regarding enforcement actions due to deficiencies in risk management and compliance with anti-money laundering regulations [2] Group 1: Investigation and Legal Actions - The Rosen Law Firm is investigating Customers Bancorp for potential violations of federal securities laws, encouraging investors to seek additional information [1] - The Federal Reserve Board issued an enforcement action against Customers Bancorp, citing significant deficiencies in risk management practices and compliance with anti-money laundering laws [2] Group 2: Stock Performance - Following the Federal Reserve's announcement, Customers Bancorp's stock fell by $7.22 per share, representing a 13.3% decrease, closing at $47.01 per share on August 8, 2024 [2]

Core Viewpoint - Rosen Law Firm is investigating Customers Bancorp, Inc. for potential violations of federal securities laws, and is preparing a class action to recover investor losses [1][4]. Group 1: Investigation and Legal Action - The investigation by Rosen Law Firm is focused on Customers Bancorp, Inc. and may allow investors who purchased its securities to seek compensation without upfront costs [1]. - A class action is being organized to recover losses incurred by investors due to the alleged violations [1]. Group 2: Regulatory Issues - On August 8, 2024, the Federal Reserve Board announced an enforcement action against Customers Bancorp, highlighting significant deficiencies in the bank's risk management and compliance with anti-money laundering laws [2][3]. - Following the announcement, Customers Bancorp's stock experienced a decline of 13.3% on the same day [3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company and consistently ranking among the top firms for securities class action settlements [4]. - The firm has recovered hundreds of millions of dollars for investors, with over $438 million secured in 2019 alone [4].

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 [1][2] Group 1: Legal Actions and Investigations - Rosen Law Firm is preparing a class action to seek recovery of investor losses for those who purchased Customers Bancorp securities [1] - The Federal Reserve Board issued an enforcement action against Customers Bancorp, citing significant deficiencies in risk management practices and compliance with anti-money laundering regulations [2] - Following the Federal Reserve's announcement, Customers Bancorp's stock price dropped by $7.22, or 13.3%, closing at $47.01 per share on August 8, 2024 [2] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company and being ranked No. 1 for securities class action settlements in 2017 [3] - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [3] - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, highlighting the firm's expertise and recognition in the field [3]

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 ...

NEW YORK, Aug. 21, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Customers Bancorp, Inc. (NYSE: CUBI) resulting from allegations that Customers Bancorp may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Customers Bancorp securities you may be entitled to compensation without payment of any out of pocket fees or costs through a co ...

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 ...