Long-term debt (1) Amounts reported in the above table include a fixed rate long-term advance from FHLB of $250.0 million with a maturity of June 2024 and a returnable option that can be repaid without penalty on certain predetermined dates at Customers Bank's option, and fixed rate long-term advances of $950.0 million with maturities ranging from March 2025 to March 2028, at March 31, 2024. (2) Includes $(4.9) million and $3.2 million of unamortized basis adjustments from interest rate swaps designated as ...

Call Start: 09:00 January 1, 0000 9:52 AM ET Customers Bancorp, Inc. (NYSE:CUBI) Q1 2024 Earnings Conference Call April 26, 2024 09:00 ET Company Participants David Patti - Director of Communications Jay Sidhu - Chairman & Chief Executive Officer of Customers Bancorp, Executive Chairman of Customers Bank Sam Sidhu - President & Chief Executive Officer, Customers Bank Phil Watkins - Chief Financial Officer, Customers Bank Conference Call Participants Casey Haire - Jefferies Stephen Moss - Raymond James Kelly ...

Customers Bancorp (CUBI) reported $181.62 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 0.1%. EPS of $1.68 for the same period compares to $1.58 a year ago.The reported revenue represents a surprise of +0.04% over the Zacks Consensus Estimate of $181.55 million. With the consensus EPS estimate being $1.62, the EPS surprise was +3.70%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

Customers Bancorp (CUBI) came out with quarterly earnings of $1.68 per share, beating the Zacks Consensus Estimate of $1.62 per share. This compares to earnings of $1.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.70%. A quarter ago, it was expected that this bank holding company would post earnings of $1.76 per share when it actually produced earnings of $1.90, delivering a surprise of 7.95%.Over the last four quarters, ...

24 "Our Q1 2024 GAAP earnings were $45.9 million, or $1.40 per diluted share, and core earnings* were $46.5 million, or $1.42 per diluted share. Excluding certain one-time items incurred during the quarter, our adjusted core earnings* were $55.1 million, or $1.68 per diluted share. At March 31, 2024, our deposit base was well diversified, with approximately 78% of total deposits insured. We maintain a strong liquidity position, with $8.9 billion of liquidity immediately available, which covers approximately ...

WEST READING, Pa.--(BUSINESS WIRE)--Customers Bancorp, Inc. (NYSE:CUBI) announced that subordinated notes issued in 2014 will, on June 26, 2024, convert from an annual fixed rate of 6.125% to a floating rate. On June 24, 2014, Customers Bancorp, Inc. (“Customers”) and its wholly-owned subsidiary, Customers Bank, (the “Bank”) entered into subscription agreements with accredited investors under which the Bank issued $110.0 million in aggregate principal amount of fixed-to-floating rate subordinated notes due ...

In first quarter 2020, as part of its response to the impact of COVID-19, the U.S. federal banking regulatory agencies issued an interim final rule that provided the option to temporarily delay certain effects of CECL on regulatory capital for two years, followed by a threeyear transition period. The interim final rule allows banking organizations to delay for two years 100% of the day-one impact of adopting CECL and 25% of the cumulative change in the reported allowance for credit losses since adopting CEC ...

WEST READING, Pa.--(BUSINESS WIRE)--Customers Bancorp, Inc. (NYSE:CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.68163044 per share. The dividend is payable on March 15, 2024, to shareholders of record on February 29, 2024. The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F ...

Customers Bancorp, Inc. (NYSE:CUBI) Q4 2023 Results Conference Call January 26, 2024 9:00 AM ET Company Participants David Patti - Director of Communications Jay Sidhu - Chairman and CEO of Customers Bancorp, Executive Chairman of Customers Bank Sam Sidhu - President and CEO, Customers Bank Carla Leibold - CFO, Customers Bancorp Phil Watkins - CFO, Customers Bank Conference Call Participants Hal Goetsch - B. Riley Securities Casey Haire - Jefferies Peter Winter - D.A. Davidson Michael Perito - KBW Steve Mos ...

For the quarter ended December 2023, Customers Bancorp (CUBI) reported revenue of $191.18 million, up 34.2% over the same period last year. EPS came in at $1.90, compared to $1.19 in the year-ago quarter.The reported revenue represents a surprise of +1.76% over the Zacks Consensus Estimate of $187.87 million. With the consensus EPS estimate being $1.76, the EPS surprise was +7.95%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...