Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Customers Bancorp, Inc. due to allegations of violations of federal securities laws related to inadequate anti-money laundering practices and subsequent regulatory risks [2][3]. Group 1: Legal Investigation and Class Action - The firm is reminding investors of the January 31, 2025 deadline to seek the role of lead plaintiff in a federal securities class action against Customers Bancorp [2]. - The complaint alleges that Customers Bancorp and its executives made false or misleading statements regarding the company's compliance with anti-money laundering laws, which led to significant investor losses when the truth was revealed [3][5]. - The court-appointed lead plaintiff is defined as the investor with the largest financial interest in the relief sought, who will oversee the litigation on behalf of the class [6]. Group 2: Regulatory Issues and Stock Impact - On August 8, 2024, the Federal Reserve Board announced an enforcement action against Customers Bancorp, citing significant deficiencies in the bank's risk management and compliance with anti-money laundering regulations [4][5]. - Following the announcement, Customers Bancorp's common stock experienced a decline of 13.3% on the same day [5]. Group 3: Call for Information - Faruqi & Faruqi encourages anyone with information regarding Customers Bancorp's conduct, including whistleblowers and former employees, to contact the firm [7].

Core Points - The Gross Law Firm has issued a notice to shareholders of Customers Bancorp, Inc. regarding a class action lawsuit [1] - The class period for the lawsuit is from March 1, 2024, to August 8, 2024 [3] - Allegations include inadequate anti-money laundering practices and non-compliance with legal obligations, leading to heightened regulatory risk [3] Summary by Sections Class Action Details - Shareholders who purchased shares during the specified class period are encouraged to contact the firm for possible lead plaintiff appointment [1][4] - The deadline for shareholders to register for the class action is January 31, 2025 [4] Allegations Against Customers Bancorp - The complaint alleges that Customers Bancorp issued materially false and misleading statements regarding its business operations and compliance [3] - Specific allegations include inadequate anti-money laundering practices and failure to disclose compliance issues, which misled investors about the company's prospects [3] Next Steps for Shareholders - Registered shareholders will be enrolled in a portfolio monitoring software to receive updates on the case [4] - Participation in the case incurs no cost or obligation for shareholders [4] About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [5]

Core Viewpoint - Customers Bancorp, Inc. stockholders who have incurred losses are being alerted to the opportunity to lead a class action lawsuit against the company [1] Group 1 - The law firm Bronstein, Gewirtz and Grossman, LLC is announcing the potential for a class action lawsuit for Customers Bancorp, Inc. stockholders [1] - Stockholders are encouraged to participate if they have experienced financial losses related to their investment in Customers Bancorp, Inc. [1] - The announcement highlights the legal recourse available to affected stockholders, emphasizing the importance of taking action [1]

CUBI IMPORTANT DEADLINE: ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Customers Bancorp, Inc. Investors to Secure Counsel Before Important January 31 Deadline in Securities Class Action First Filed by the Firm – CUBI ...

Core Viewpoint - Analysts project that Customers Bancorp (CUBI) will report quarterly earnings of $1.24 per share, reflecting a year-over-year decline of 34.7%, with revenues expected to be $183.48 million, down 4% from the same quarter last year [1] Earnings Estimates - There has been no revision in the consensus EPS estimate for the quarter over the last 30 days, indicating analysts' collective reassessment of their initial forecasts [1][2] - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [2] Key Metrics Forecast - Analysts estimate the 'Efficiency Ratio' to be 57.9%, up from 49.1% a year ago [4] - 'Net Interest Margin' is projected to reach 3.1%, compared to 3.3% in the previous year [4] - 'Average Interest-Earning Assets' are expected to be $21.00 billion, an increase from $20.80 billion reported in the same quarter last year [4] Income Projections - 'Total Non-Interest Income' is forecasted to be $22.09 million, up from $18.67 million a year ago [5] - 'Net interest income tax equivalent' is expected to reach $161.28 million, down from $172.90 million in the same quarter of the previous year [5] - 'Net Interest Income' is projected at $162.21 million, compared to $172.51 million a year ago [6] - 'Commercial lease income' is expected to be $10.10 million, up from $9.04 million last year [6] - 'Loan fees' are projected to reach $6.47 million, compared to $5.93 million in the same quarter last year [6] Stock Performance - Shares of Customers Bancorp have increased by 4.8% over the past month, contrasting with a -0.4% change in the Zacks S&P 500 composite [7] - With a Zacks Rank 4 (Sell), CUBI is anticipated to underperform the overall market in the near future [7]

Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Customers Bancorp, Inc.(CUBI) Shareholders ...

CUBI SHAREHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC Announces that Customers Bancorp, Inc. Shareholders with Losses Have Opportunity to Lead Class Action Lawsuit! ...

CUBI LAWSUIT ALERT: Levi & Korsinsky Notifies Customers Bancorp, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline ...

NEW YORK, Jan. 17, 2025 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Customers Bancorp, Inc. (NYSE: CUBI) between March 1, 2024 and August 8, 2024, both dates inclusive (the "Class Period"), of the important January 31, 2025 lead plaintiff deadline in the securities class action first filed by the Firm.So what: If you purchased Customers Bancorp securities during the Class Period you may be entitled to compensation without payment of any out of pocke ...

Core Viewpoint - Bancorp, Inc. (CUBI) is facing a pending class action lawsuit, which may have financial implications for shareholders who have incurred losses due to the company's actions [1] Group 1 - The class action is being led by Levi & Korsinsky, indicating potential legal challenges for Bancorp, Inc. [1] - Shareholders who have lost money are encouraged to contact the law firm to discuss their options regarding the lawsuit [1] - The lawsuit suggests that there may be significant concerns regarding the company's practices that have affected shareholder value [1]