속보 • May 05
Customers Bancorp Pursues AI Integration With OpenAI in Bank Operations Shares Move 4.2% Customers Bank has entered a multiyear collaboration with OpenAI to integrate artificial intelligence across its commercial banking operations.
The bank plans to use custom AI tools to automate lending, deposit onboarding and payment lifecycles, with full deployment targeted within six to twelve months.
The announcement included an emphasis on strict data governance and regulatory transparency, and was followed by a 4.2% move higher in Customers Bancorp’s shares alongside an analyst price target increase.
For investors, the key takeaway is that Customers Bank is committing real time and resources to AI as a core part of its commercial banking model, not just a pilot project. Having OpenAI engineers working on-site suggests the bank is aiming for tailored tools that fit its own risk, compliance and workflow requirements rather than off-the-shelf software.
The focus on data governance and regulatory transparency is particularly important in a regulated industry such as banking. Any future assessment of this initiative will likely center on whether AI tools reduce processing times and operational costs, and how they interact with credit, compliance and reputational risk. Over the next year, it may be useful to track management commentary on adoption across lending and payments, implementation costs and any impact on staffing, service levels and error rates. Reported Earnings • Apr 24
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: EPS: US$2.04 (up from US$0.30 in 1Q 2025). Revenue: US$202.3m (up 76% from 1Q 2025). Net income: US$69.7m (up US$60.1m from 1Q 2025). Profit margin: 34% (up from 8.3% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 4.3%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 50% per year, which means it is well ahead of earnings. 공시 • Apr 24
Customers Bancorp, Inc. Reports Net Charge Offs for the First Quarter Ended March 31, 2026 Customers Bancorp, Inc. reported net charge offs for the first quarter ended March 31, 2026. For the period, the company reported net charge-offs of $13,255,000 compared to $17,144,000 a year ago. 공시 • Apr 15
Customers Bancorp, Inc., Annual General Meeting, May 26, 2026 Customers Bancorp, Inc., Annual General Meeting, May 26, 2026. 공시 • Apr 14
Customers Bancorp, Inc. to Report Q1, 2026 Results on Apr 23, 2026 Customers Bancorp, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 23, 2026 Reported Earnings • Mar 02
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: US$6.92 (up from US$5.76 in FY 2024). Revenue: US$720.4m (up 12% from FY 2024). Net income: US$224.1m (up 24% from FY 2024). Profit margin: 31% (up from 28% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. 공시 • Feb 12
Customers Bancorp, Inc. (NYSE:CUBI) announces an Equity Buyback for $100 million worth of its shares. Customers Bancorp, Inc. (NYSE:CUBI) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of its common stock. The program is valid for one-year period. Reported Earnings • Jan 23
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: US$6.46 (up from US$5.28 in FY 2024). Revenue: US$720.4m (up 12% from FY 2024). Net income: US$209.2m (up 26% from FY 2024). Profit margin: 29% (up from 26% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.32% (up from 3.15% in FY 2024). Non-performing loans: 0.26% (down from 0.30% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. 공시 • Jan 23
Customers Bancorp, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2025 Customers Bancorp, Inc. reported net charge-offs for the fourth quarter ended December 31, 2025. For the quarter, the company reported net charge-offs were $14 million in fourth quarter of 2025, compared to $15 million in fourth quarter of 2024. 공시 • Jan 13
Customers Bancorp, Inc. to Report Q4, 2025 Results on Jan 22, 2026 Customers Bancorp, Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Jan 22, 2026 Recent Insider Transactions • Dec 05
Founder recently sold US$8.9m worth of stock On the 3rd of December, Jay Sidhu sold around 128k shares on-market at roughly US$69.43 per share. This transaction amounted to 9.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Jay has been a net seller over the last 12 months, reducing personal holdings by US$20m. Recent Insider Transactions • Nov 29
Founder recently sold US$524k worth of stock On the 25th of November, Jay Sidhu sold around 7k shares on-market at roughly US$70.06 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$2.8m. Jay has been a net seller over the last 12 months, reducing personal holdings by US$11m. Recent Insider Transactions • Nov 10
Founder recently sold US$1.6m worth of stock On the 6th of November, Jay Sidhu sold around 23k shares on-market at roughly US$67.76 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Jay has been a net seller over the last 12 months, reducing personal holdings by US$13m. Price Target Changed • Oct 31
Price target increased by 7.6% to US$84.75 Up from US$78.75, the current price target is an average from 8 analysts. New target price is 26% above last closing price of US$67.12. Stock is up 47% over the past year. The company is forecast to post earnings per share of US$6.27 for next year compared to US$5.28 last year. Reported Earnings • Oct 24
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: US$2.28 (up from US$1.36 in 3Q 2024). Revenue: US$205.6m (up 37% from 3Q 2024). Net income: US$73.7m (up 72% from 3Q 2024). Profit margin: 36% (up from 29% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.3%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. 공시 • Oct 15
Customers Bancorp, Inc. to Report Q3, 2025 Results on Oct 23, 2025 Customers Bancorp, Inc. announced that they will report Q3, 2025 results After-Market on Oct 23, 2025 공시 • Sep 27
Customers Bancorp, Inc. and Customers Bank Announces Board Appointments, Effective October 29, 2025 On September 24, 2025, the Board of Directors (the "Board") of Customers Bancorp, Inc. (the "Company"), appointed Maurice Michael (“Mike”) Gill, Robert Krasne, Susan Looney and Dalton Sirmans to serve as directors of the Company, effective as of October 29, 2025. Mike Gill is a retired attorney who spent 13 years at Accenture LLP, including as Managing Director Global Complex Contracting, and before that practiced law as a transactional attorney for over 25 years. Mr. Gill holds a Bachelor of Science in Business from the University of Missouri and a Juris Doctor from the University of Missouri School of Law. Robert Krasne is the Co-Chair of The Steinman Foundation and the Chair and former Chief Executive Officer of Steinman Communications. Mr. Krasne holds an A.B. in Economics from Georgetown University and a J.D. from the Georgetown University Law Center. Susan Looney is the sixth president of Reading Area Community College in Reading, PA. Dr. Looney holds an Associate’s Degree from Brookdale Community College, a Bachelor of Science in Business Administration and an MBA from Monmouth University, a Juris Doctorate from Widener University School of Law, and a Doctorate in Education, specializing in Higher Education Leadership, from Nova Southeastern University. Dalton Sirmans is the Co-Founder and Senior Partner of Amplio Ventures and the Co-Founder and former Chief Executive Officer of MainStreet Technologies. Mr. Sirmans holds an ALM International Relations and Affairs from the Harvard University Extension School, a Bachelor of Science, Criminal Justice, from Valdosta State University, and an Associate of Science, Sociology, from Abraham Baldwin Agricultural College. Effective as of October 29, 2025, each of Dr. Looney and Messrs. Gill, Krasne and Sirmans will also serve as a director of the Company’s wholly owned subsidiary, Customers Bank. Effective October 29, 2025, the size of the Company’s Board will increase to twelve members. Major Estimate Revision • Jul 31
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$698.1m to US$709.7m. EPS estimate increased from US$5.13 to US$5.82 per share. Net income forecast to grow 66% next year vs 16% growth forecast for Banks industry in the US. Consensus price target up from US$70.80 to US$76.57. Share price rose 3.8% to US$63.75 over the past week. Price Target Changed • Jul 29
Price target increased by 12% to US$75.86 Up from US$67.43, the current price target is an average from 7 analysts. New target price is 16% above last closing price of US$65.33. Stock is up 3.8% over the past year. The company is forecast to post earnings per share of US$5.82 for next year compared to US$5.28 last year. Reported Earnings • Jul 25
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: US$1.77 (up from US$1.72 in 2Q 2024). Revenue: US$185.5m (up 2.7% from 2Q 2024). Net income: US$57.8m (up 6.4% from 2Q 2024). Profit margin: 31% (up from 30% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. 공시 • Jul 15
Customers Bancorp, Inc. to Report Q2, 2025 Results on Jul 24, 2025 Customers Bancorp, Inc. announced that they will report Q2, 2025 results After-Market on Jul 24, 2025 공시 • May 29
Customers Bancorp, Inc. Announces Retirement of Daniel K. Rothermel as Member of the Board of Directors and Committee's On May 27, 2025, Daniel K. Rothermel, who was reelected for a one-year term as a member of the board of directors of Customers Bancorp, Inc. at the Company’s Annual Meeting of Shareholders held on May 27, 2025, and who is also a member of the board of directors of Customers Bank, the Company’s wholly-owned subsidiary, informed the Company that he intends to retire from the board of directors and will not stand for reelection at the Company’s 2026 Annual Meeting of Shareholders. His retirement will become effective immediately following the 2026 Annual Meeting of Shareholders. Mr. Rothermel has served as a director of the Company since 2009, and currently is the Company’s Lead Independent Director, chair of the Company’s Nominating and Corporate Governance Committee and Customers Bank’s Directors Risk Committee, and is a member of the Company’s Executive Committee, Audit Committee, Regulatory Affairs Committee and Leadership Development and Compensation Committee. Mr. Rothermel’s determination to retire and not stand for reelection is not related to any disagreement on any matter relating to the Company’s or Customers Bank’s operations, policies or practices. Major Estimate Revision • May 01
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$6.11 to US$5.16 per share. Revenue forecast steady at US$694.8m. Net income forecast to grow 42% next year vs 13% growth forecast for Banks industry in the US. Consensus price target up from US$64.56 to US$65.88. Share price was steady at US$50.13 over the past week. Reported Earnings • Apr 25
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: US$0.30 (down from US$1.46 in 1Q 2024). Revenue: US$114.7m (down 30% from 1Q 2024). Net income: US$9.52m (down 79% from 1Q 2024). Profit margin: 8.3% (down from 28% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 78%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. 공시 • Apr 25
Customers Bancorp Reports Net Charge Off for First Quarter Ended March 31, 2025 Customers Bancorp Reported net charge off for first quarter ended March 31, 2025. For the quarter, the company reported net charge off of $17,144,000 against $17,968,000 a year ago. 공시 • Apr 18
Customers Bancorp, Inc., Annual General Meeting, May 27, 2025 Customers Bancorp, Inc., Annual General Meeting, May 27, 2025. 공시 • Apr 15
Customers Bancorp, Inc. to Report Q1, 2025 Results on Apr 24, 2025 Customers Bancorp, Inc. announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on Apr 24, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$42.75, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Banks industry in the US. Total loss to shareholders of 3.7% over the past three years. 공시 • Apr 03
Customers Bancorp, Inc. and Customers Bank Announces Resignation of Rajeev V. Date as A Member of the Boards of Directors, Effective March 31, 2025 On March 28, 2025, Rajeev V. Date, a member of the boards of directors of Customers Bancorp, Inc. (the “Company”) and Customers Bank (the “Bank”), the Company’s wholly-owned subsidiary, informed the Company that he intends to resign from the boards of directors of the Company and the Bank, effective as of March 31, 2025, to devote more time to other commitments at his firm, Fenway Summer LLC and at Circle Internet Group, Inc., which filed a registration statement for an initial public offering on April 1, 2025, and has appointed Mr. Date as its Lead Independent Director and chair of its Compensation Committee. Reported Earnings • Mar 04
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: US$5.28 (down from US$7.49 in FY 2023). Revenue: US$641.4m (down 6.1% from FY 2023). Net income: US$166.4m (down 29% from FY 2023). Profit margin: 26% (down from 35% in FY 2023). The decrease in margin was primarily driven by lower revenue. Net interest margin (NIM): 3.15% (down from 3.29% in FY 2023). Non-performing loans: 0.30% (up from 0.21% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.4%. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Price Target Changed • Feb 14
Price target increased by 7.2% to US$68.75 Up from US$64.13, the current price target is an average from 8 analysts. New target price is 21% above last closing price of US$56.97. Stock is up 6.5% over the past year. The company is forecast to post earnings per share of US$6.14 for next year compared to US$5.28 last year. Board Change • Feb 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Raj Date was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jan 31
Insider recently sold US$921k worth of stock On the 30th of January, Glenn Hedde sold around 16k shares on-market at roughly US$58.25 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$5.6m. Insiders have been net sellers, collectively disposing of US$8.8m more than they bought in the last 12 months. Reported Earnings • Jan 24
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: US$5.28 (down from US$7.49 in FY 2023). Revenue: US$641.4m (down 6.1% from FY 2023). Net income: US$166.4m (down 29% from FY 2023). Profit margin: 26% (down from 35% in FY 2023). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.4%. Revenue is forecast to grow 10.0% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has remained flat, which means it is well ahead of earnings. 공시 • Jan 14
Customers Bancorp, Inc. to Report Q4, 2024 Results on Jan 23, 2025 Customers Bancorp, Inc. announced that they will report Q4, 2024 results After-Market on Jan 23, 2025 공시 • Dec 04
Gainey Mckenna & Egleston Announces a Class Action Lawsuit Has Been Filed Against Customers Bancorp, Inc Gainey McKenna & Egleston announced that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of Pennsylvania on behalf of all persons or entities who purchased or otherwise acquired Customers Bancorp, Inc. securities between March 1, 2024 and August 8, 2024, inclusive (the “Class Period”). The lawsuit seeks to recover damages for the Company’s investors under the federal securities laws. The Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: Customers Bancorp had inadequate anti-money laundering practices; and (2) as a result, Customers Bancorp was not in compliance with its legal obligations, which subjected Customers Bancorp to heightened regulatory risk. The Complaint further alleges that on April 12, 2024, Customers Bancorp announced that CFO, defendant Carla A. Leibold, had been fired for “cause” for violating Customers Bancorp policy. On this news, the price of Customers Bancorp stock fell nearly 5%. Customers Bancorp subsequently disclosed that Ms. Leibold’s termination was a “separation by mutual agreement.” Then, on August 8, 2024, during market hours, the Federal Reserve issued a press release entitled “Federal Reserve Board issues enforcement action with Customers Bancorp, Inc. and Customers Bank,” which attached a written agreement between Customers Bancorp and the Federal Reserve Bank of Philadelphia stating that the Federal Reserve “identified significant deficiencies related to the Bank’s risk management practices and compliance with the applicable laws, rules, and regulations relating to anti-money laundering (‘AML’), including the Bank Secrecy Act.” On this news, the price of Customers Bancorp stock fell more than 15%. Finally, the Complaint alleges that on August 8, 2024, after market hours, Customers Bancorp disclosed a consent order by the Commonwealth of Pennsylvania, Department of Banking and Securities, Bureau of Bank Supervision, relating “principally to aspects of compliance risk management, including risk management practices governing digital asset-related services; oversight by the Board of Directors of Customers Bancorp and the Bank; compliance with anti-money laundering regulations under the Bank Secrecy Act; and compliance with the regulations of the Office of Foreign Assets Control,” and further stating that “these deficiencies give the Bureau reason to believe that the Bank had engaged in unsafe or unsound banking practices relating to BSA/AML Requirements.” On this news, the price of Customers Bancorp stock fell further. Investors who purchased or otherwise acquired shares of Customers Bancorp should contact the Firm prior to the January 31, 2025 lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Recent Insider Transactions • Nov 24
Director recently sold US$215k worth of stock On the 20th of November, Robert Mackay sold around 4k shares on-market at roughly US$53.78 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$5.6m. Insiders have been net sellers, collectively disposing of US$8.7m more than they bought in the last 12 months. Recent Insider Transactions • Nov 08
Insider recently sold US$268k worth of stock On the 6th of November, Glenn Hedde sold around 5k shares on-market at roughly US$53.68 per share. This transaction amounted to 8.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$3.0m more than they bought in the last 12 months. Reported Earnings • Nov 01
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: US$1.36 (down from US$2.65 in 3Q 2023). Revenue: US$150.0m (down 25% from 3Q 2023). Net income: US$42.9m (down 48% from 3Q 2023). Profit margin: 29% (down from 42% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.1%. Earnings per share (EPS) also missed analyst estimates by 8.5%. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. 공시 • Oct 18
Customers Bancorp, Inc. to Report Q3, 2024 Results on Oct 31, 2024 Customers Bancorp, Inc. announced that they will report Q3, 2024 results After-Market on Oct 31, 2024 Price Target Changed • Sep 23
Price target decreased by 7.2% to US$68.40 Down from US$73.70, the current price target is an average from 10 analysts. New target price is 46% above last closing price of US$47.00. Stock is up 46% over the past year. The company is forecast to post earnings per share of US$6.18 for next year compared to US$7.49 last year. 공시 • Aug 16
Customers Bancorp Announces Executive Changes Customers Bancorp has announced the hire of a new compliance head. The firm has announced the appointment of Allen Love to the newly created role of chief compliance and AML (anti-money laundering) officer at Customers Bancorp. The appointment comes days after the Federal Reserve Board ordered the bank to revamp and strengthen its AML, sanctions, and Bank Secrecy Act (BSA) compliance programmes. Love is a former TD Bank executive. In the position, Love is to lead the USD 21 billion -asset bank's compliance programme. Love is to replace chief compliance officer Melissa Krueger. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$54.23, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Banks industry in the US. Total returns to shareholders of 34% over the past three years. Price Target Changed • Jul 30
Price target increased by 11% to US$72.30 Up from US$64.90, the current price target is an average from 10 analysts. New target price is 15% above last closing price of US$62.92. Stock is up 55% over the past year. The company is forecast to post earnings per share of US$6.18 for next year compared to US$7.49 last year. Reported Earnings • Jul 26
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: US$1.72 (up from US$1.41 in 2Q 2023). Revenue: US$180.6m (up 17% from 2Q 2023). Net income: US$54.3m (up 23% from 2Q 2023). Profit margin: 30% (up from 28% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. 공시 • Jul 17
Customers Bancorp, Inc. to Report Q2, 2024 Results on Jul 25, 2024 Customers Bancorp, Inc. announced that they will report Q2, 2024 results After-Market on Jul 25, 2024 Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$55.95, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Banks industry in the US. Total returns to shareholders of 47% over the past three years. Major Estimate Revision • May 02
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$695.5m to US$679.1m. EPS estimate also fell from US$6.84 per share to US$6.03 per share. Net income forecast to shrink 8.0% next year vs 1.5% growth forecast for Banks industry in the US . Consensus price target broadly unchanged at US$65.90. Share price fell 4.3% to US$47.40 over the past week. Reported Earnings • Apr 27
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: US$1.46 (down from US$1.58 in 1Q 2023). Revenue: US$164.5m (up 11% from 1Q 2023). Net income: US$45.9m (down 8.6% from 1Q 2023). Profit margin: 28% (down from 34% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. 공시 • Apr 19
Customers Bancorp, Inc., Annual General Meeting, May 28, 2024 Customers Bancorp, Inc., Annual General Meeting, May 28, 2024, at 10:00 Eastern Standard Time. Agenda: To consider Election of three Class I Directors; to ratify the appointment of Deloitte & Touche LLP as independent registered public accounting firm of the Company for the fiscal year ending December 31, 2024; to approve a non-binding advisory resolution on named executive officer compensation; to approve a non-binding advisory resolution on the frequency of future votes to approve named executive officer compensation; to approve an amendment to the Customers Bancorp, Inc. 2019 Stock Incentive Plan; and to consider other matters. 공시 • Apr 16
Customers Bancorp, Inc. to Report Q1, 2024 Results on Apr 25, 2024 Customers Bancorp, Inc. announced that they will report Q1, 2024 results After-Market on Apr 25, 2024 공시 • Apr 14
Customers Bancorp, Inc. Announces CFO Changes On April 12, 2024, Customers Bancorp, Inc, the parent company of Customers Bank, promoted Philip Watkins to Chief Financial Officer of the Company. Mr. Watkins, age 39, has served as the Chief Financial Officer of Customers Bank since January 2023. He joined Customers Bank in January 2020, where he served in various roles including Head of Real Estate and Head of Digital Lending. From August 2018 through January 2021, Mr. Watkins was the CFO of Megalith Financial Acquisition Corp. Since 2013, Mr. Watkins also served as Principal of Megalith Capital Management, a real estate focused private equity firm. Mr. Watkins replaces Carla A. Leibold, who had served as Executive Vice President and Chief Financial Officer since November 2018. Ms. Leibold was notified of her termination from employment with the Company on April 10, 2024, for cause" under her employment agreement for violating Company policy, which termination was effective immediately. Ms. Leibold has disputed the Company's characterization of her separation from the Company. Recent Insider Transactions • Mar 14
Executive VP & CFO recently sold US$1.9m worth of stock On the 12th of March, Carla Leibold sold around 36k shares on-market at roughly US$53.15 per share. This transaction amounted to 95% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Carla has been a net seller over the last 12 months, reducing personal holdings by US$3.5m. Price Target Changed • Mar 05
Price target increased by 8.3% to US$67.67 Up from US$62.50, the current price target is an average from 9 analysts. New target price is 25% above last closing price of US$53.96. Stock is up 87% over the past year. The company is forecast to post earnings per share of US$6.95 for next year compared to US$7.49 last year. Reported Earnings • Mar 03
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: US$7.49 (up from US$6.69 in FY 2022). Revenue: US$683.4m (up 16% from FY 2022). Net income: US$235.4m (up 7.8% from FY 2022). Profit margin: 35% (down from 37% in FY 2022). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.29% (up from 3.19% in FY 2022). Non-performing loans: 0.21% (up from 0.20% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Reported Earnings • Jan 26
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: US$7.49 (up from US$6.69 in FY 2022). Revenue: US$683.4m (up 16% from FY 2022). Net income: US$235.4m (up 7.8% from FY 2022). Profit margin: 35% (down from 37% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. 공시 • Jan 13
Customers Bancorp, Inc. to Report Q4, 2023 Results on Jan 25, 2024 Customers Bancorp, Inc. announced that they will report Q4, 2023 results After-Market on Jan 25, 2024 Price Target Changed • Jan 12
Price target increased by 7.2% to US$62.50 Up from US$58.30, the current price target is an average from 10 analysts. New target price is 21% above last closing price of US$51.57. Stock is up 74% over the past year. The company is forecast to post earnings per share of US$7.22 for next year compared to US$6.69 last year. Price Target Changed • Dec 29
Price target increased by 7.7% to US$59.10 Up from US$54.85, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of US$57.62. Stock is up 103% over the past year. The company is forecast to post earnings per share of US$7.26 for next year compared to US$6.69 last year. Recent Insider Transactions • Dec 08
Founder recently sold US$485k worth of stock On the 5th of December, Jay Sidhu sold around 10k shares on-market at roughly US$48.54 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$4.1m. Jay has been a net seller over the last 12 months, reducing personal holdings by US$4.1m. Recent Insider Transactions Derivative • Dec 07
Founder notifies of intention to sell stock Jay Sidhu intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 5th of December. If the sale is conducted around the recent share price of US$48.54, it would amount to US$485k. For the year to December 2016, Jay's total compensation was 28% salary and 72% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2023, Jay's direct individual holding has decreased from 1.64m shares to 1.58m. Company insiders have collectively sold US$8.5m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Nov 17
Executive VP & Chief Lending Officer recently sold US$178k worth of stock On the 14th of November, Lyle Cunningham sold around 4k shares on-market at roughly US$44.39 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$4.1m. Insiders have been net sellers, collectively disposing of US$6.1m more than they bought in the last 12 months. Recent Insider Transactions • Nov 03
Founder recently sold US$4.1m worth of stock On the 2nd of November, Jay Sidhu sold around 101k shares on-market at roughly US$40.60 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Jay has been a net seller over the last 12 months, reducing personal holdings by US$3.6m. Price Target Changed • Nov 02
Price target increased by 10.0% to US$52.61 Up from US$47.83, the current price target is an average from 9 analysts. New target price is 26% above last closing price of US$41.83. Stock is up 33% over the past year. The company is forecast to post earnings per share of US$7.11 for next year compared to US$6.69 last year. 
