Customers Bancorp, Inc.

CUBI

US23204G1004

Banks

Market Closed - Nyse Other stock markets 04:00:02 2024-04-29 pm EDT			5-day change	1st Jan Change
47.6 ^USD	+1.67%		-2.80%	-17.39%

Apr. 29	Raymond James Raises Price Target on Customers Bancorp to $75 From $72, Says Selloff Creates Opportunity; Strong Buy Kept	MT
Apr. 26	Transcript : Customers Bancorp, Inc., Q1 2024 Earnings Call, Apr 26, 2024

Customers Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

October 26, 2023 at 04:45 pm EDT

Customers Bancorp, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 199.77 million compared to USD 159.03 million a year ago. Net income was USD 86.76 million compared to USD 63.91 million a year ago. Basic earnings per share from continuing operations was USD 2.65 compared to USD 1.89 a year ago. Diluted earnings per share from continuing operations was USD 2.58 compared to USD 1.85 a year ago.
For the nine months, net interest income was USD 514.94 million compared to USD 488.58 million a year ago. Net income was USD 188.05 million compared to USD 199.32 million a year ago. Basic earnings per share from continuing operations was USD 5.63 compared to USD 5.89 a year ago. Diluted earnings per share from continuing operations was USD 5.53 compared to USD 5.72 a year ago.

Latest news about Customers Bancorp, Inc.

Raymond James Raises Price Target on Customers Bancorp to $75 From $72, Says Selloff Creates Opportunity; Strong Buy Kept	Apr. 29	MT
Transcript : Customers Bancorp, Inc., Q1 2024 Earnings Call, Apr 26, 2024	Apr. 26
Wedbush Trims Customers Bancorp's PT to $61 From $63 After Mixed Q1 Results, Keeps Outperform Rating	Apr. 26	MT
Customers Bancorp Q1 Core Earnings Decline, Revenue Rises	Apr. 26	MT
Earnings Flash (CUBI) CUSTOMERS BANCORP Reports Q1 EPS $1.68, vs. Street Est of $1.63	Apr. 25	MT
Customers Bancorp, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 25	CI
Customers Bancorp, Inc. Announces CFO Changes	Apr. 12	CI
Customers Bancorp Insider Sold Shares Worth $1,904,464, According to a Recent SEC Filing	Mar. 13	MT
Raymond James Raises Price Target on Customers Bancorp to $72 From $65, Maintains Strong Buy Rating	Jan. 29	MT
B. Riley Raises Customers Bancorp's PT to $77 From $62 After 'Strong' Q4 2023 Results, Keeps Buy Rating	Jan. 29	MT
Transcript : Customers Bancorp, Inc., Q4 2023 Earnings Call, Jan 26, 2024	Jan. 26
Wedbush Lowers Customers Bancorp's Price Target to $65 From $70, Keeps Outperform Rating	Jan. 26	MT
Customers Bancorp Q4 Earnings, Revenue Rise; Shares Climb After Hours	Jan. 25	MT
Earnings Flash (CUBI) CUSTOMERS BANCORP Posts Q4 EPS $1.90, vs. Street Est of $1.75	Jan. 25	MT
Customers Bancorp, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Jan. 25	CI
Customers Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Jan. 25	CI
Raymond James Adjusts Price Target on Customers Bancorp to $65 From $60, Maintains Strong Buy Rating	Dec. 18	MT
Customers Bancorp Insider Sold Shares Worth $485,436, According to a Recent SEC Filing	Dec. 06	MT
Customers Bancorp Insider Sold Shares Worth $177,568, According to a Recent SEC Filing	Nov. 15	MT
Customers Bancorp Insider Sold Shares Worth $2,124,825, According to a Recent SEC Filing	Nov. 02	MT
Customers Bancorp Insider Sold Shares Worth $1,964,873, According to a Recent SEC Filing	Nov. 02	MT
Customers Bancorp Insider Sold Shares Worth $3,941,630, According to a Recent SEC Filing	Nov. 01	MT
Transcript : Customers Bancorp, Inc., Q3 2023 Earnings Call, Oct 27, 2023	23-10-27
Wedbush Raises Customers Bancorp's PT to $45 From $38 After 'Strong' Q3 Results Highlighted by Outsized Net Interest Margin Expansion, Keeps Outperform Rating	23-10-27	MT
Tranche Update on Customers Bancorp, Inc.'s Equity Buyback Plan announced on August 26, 2021.	23-10-26	CI

Chart Customers Bancorp, Inc.

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Company Profile

Customers Bancorp, Inc. is a bank holding company, which is engaged in banking activities through its subsidiary, Customers Bank (the Bank). The Bank provides banking products, primarily loans and deposits, to businesses and consumers through its branches, limited production offices and administrative offices in Berks County and Southeastern Pennsylvania, New York, Hamilton, New Jersey, Boston, Massachusetts, and other geographies. The Bank administratively supports loans and other financial products, including equipment finance leases, to customers. It also offers venture banking loan portfolios. The Bank serves specialty businesses nationwide, including its commercial loans to mortgage companies, commercial equipment financing, SBA lending, specialty lending and consumer loans through relationships with fintech companies. The Bankâs specialty lending includes fund finance, real estate specialty finance, technology and venture, healthcare, and financial institutions group.

Sector

Banks

Calendar

2024-05-28 - Annual General Meeting

Related indices

Russell 2000

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Ratings for Customers Bancorp, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

47.6 USD

Average target price

66.5 USD

Spread / Average Target

+39.71%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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