Customers Bancorp Management

Management criteria checks 2/4

Customers Bancorp's CEO is Jay Sidhu, appointed in Apr 2010, has a tenure of 14.58 years. total yearly compensation is $3.76M, comprised of 20.7% salary and 79.3% bonuses, including company stock and options. directly owns 5.86% of the company’s shares, worth $102.01M. The average tenure of the management team and the board of directors is 3.3 years and 8.4 years respectively.

Key information

Jay Sidhu

Chief executive officer

US$3.8m

Total compensation

CEO salary percentage	20.7%
CEO tenure	14.6yrs
CEO ownership	5.9%
Management average tenure	3.3yrs
Board average tenure	8.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jay Sidhu's remuneration changed compared to Customers Bancorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$201m
Jun 30 2024	n/a	n/a	US$241m
Mar 31 2024	n/a	n/a	US$231m
Dec 31 2023	US$4m	US$779k	US$235m
Sep 30 2023	n/a	n/a	US$203m
Jun 30 2023	n/a	n/a	US$181m
Mar 31 2023	n/a	n/a	US$194m
Dec 31 2022	US$3m	US$736k	US$218m
Sep 30 2022	n/a	n/a	US$293m
Jun 30 2022	n/a	n/a	US$342m
Mar 31 2022	n/a	n/a	US$343m
Dec 31 2021	US$4m	US$736k	US$340m
Sep 30 2021	n/a	n/a	US$295m
Jun 30 2021	n/a	n/a	US$232m
Mar 31 2021	n/a	n/a	US$195m
Dec 31 2020	US$2m	US$764k	US$129m
Sep 30 2020	n/a	n/a	US$98m
Jun 30 2020	n/a	n/a	US$74m
Mar 31 2020	n/a	n/a	US$58m
Dec 31 2019	US$3m	US$736k	US$67m
Sep 30 2019	n/a	n/a	US$55m
Jun 30 2019	n/a	n/a	US$34m
Mar 31 2019	n/a	n/a	US$49m
Dec 31 2018	US$2m	US$681k	US$57m
Sep 30 2018	n/a	n/a	US$61m
Jun 30 2018	n/a	n/a	US$63m
Mar 31 2018	n/a	n/a	US$63m
Dec 31 2017	US$8m	US$636k	US$64m

Compensation vs Market: Jay's total compensation ($USD3.76M) is above average for companies of similar size in the UK market ($USD2.12M).

Compensation vs Earnings: Jay's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Jay Sidhu (72 yo)

14.6yrs

Tenure

US$3,761,511

Compensation

Mr. Jay S. Sidhu is Chairman and Chief Executive Officer of Customers Bancorp, Inc. and Executive Chairman of Customers Bank. From 1989 to 2006, Mr. Sidhu was the Chairman and CEO of Sovereign Bancorp, Inc...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jay Sidhu	Founder	14.6yrs	US$3.76m	5.86% $ 102.0m
Samvir Sidhu	President & Vice Chairman	3.3yrs	US$2.72m	0.31% $ 5.3m
Lyle Cunningham	Executive VP & Chief Banking Officer	less than a year	US$1.31m	0.050% $ 865.5k
Philip Watkins	Executive VP & CFO	less than a year	no data	0.066% $ 1.1m
Jessie John Velasquez	Executive VP & Chief Accounting Officer	4.6yrs	no data	0.0032% $ 56.4k
Nicholas Harris	Executive VP & Chief Information Officer	1.8yrs	no data	no data
Andrew Sachs	Executive VP	3.3yrs	no data	no data
David Patti	Director of Communications	no data	no data	no data
Eric Lucero	Senior VP & Chief Marketing Officer	less than a year	no data	no data
Lisa Walsh	Executive VP & Chief People Officer	1.8yrs	no data	no data
Robert Fischer	Senior Vice President	14.3yrs	no data	no data
Timothy Romig	Executive VP	14.3yrs	no data	no data

3.3yrs

Average Tenure

52yo

Average Age

Experienced Management: 0I5Z's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jay Sidhu	Founder	15.8yrs	US$3.76m	5.86% $ 102.0m
Daniel Rothermel	Lead Independent Director	15.8yrs	US$180.66k	0.36% $ 6.2m
Steven Zuckerman	Independent Director	15.8yrs	US$160.77k	0.24% $ 4.1m
Robert Buford	Independent Director	4.3yrs	US$140.88k	0.059% $ 1.0m
Andrea Allon	Independent Director	8.4yrs	US$150.81k	0.12% $ 2.0m
T. Way	Independent Director	19.8yrs	US$160.77k	0.39% $ 6.8m
Rajeev Date	Independent Director	2.2yrs	US$140.84k	0.018% $ 314.0k
Bernard Banks	Independent Director	2.8yrs	US$140.88k	0.041% $ 708.2k
Robert Mackay	Director	2.8yrs	US$140.88k	0.027% $ 475.9k

8.4yrs

Average Tenure

62yo

Average Age

Experienced Board: 0I5Z's board of directors are considered experienced (8.4 years average tenure).

Customers Bancorp Management

Management criteria checks 2/4

Key information

Recent management updates

Customers Bancorp Announces Executive Changes

Customers Bancorp, Inc., Annual General Meeting, May 28, 2024

Customers Bancorp, Inc. Announces CFO Changes

Customers Bancorp, Inc. Announces CFO Changes

Executive VP & CFO recently sold US$1.9m worth of stock

Founder recently sold US$485k worth of stock

Recent updates

Investor sentiment improves as stock rises 15%

Third quarter 2024 earnings released: EPS: US$1.36 (vs US$2.65 in 3Q 2023)

Customers Bancorp, Inc. to Report Q3, 2024 Results on Oct 31, 2024

Customers Bancorp Announces Executive Changes

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 20%

Second quarter 2024 earnings released: EPS: US$1.72 (vs US$1.41 in 2Q 2023)

Customers Bancorp, Inc. to Report Q2, 2024 Results on Jul 25, 2024

Investor sentiment improves as stock rises 19%

First quarter 2024 earnings released: EPS: US$1.46 (vs US$1.58 in 1Q 2023)

Customers Bancorp, Inc., Annual General Meeting, May 28, 2024

Customers Bancorp, Inc. to Report Q1, 2024 Results on Apr 25, 2024

Customers Bancorp, Inc. Announces CFO Changes

Customers Bancorp, Inc. Announces CFO Changes

Executive VP & CFO recently sold US$1.9m worth of stock

Full year 2023 earnings released: EPS: US$7.49 (vs US$6.69 in FY 2022)

Full year 2023 earnings released: EPS: US$7.49 (vs US$6.69 in FY 2022)

Customers Bancorp, Inc. to Report Q4, 2023 Results on Jan 25, 2024

Investor sentiment improves as stock rises 15%

Founder recently sold US$485k worth of stock

Executive VP & Chief Lending Officer recently sold US$178k worth of stock

Executive VP & Chief Lending Officer recently sold US$178k worth of stock

Founder recently sold US$4.1m worth of stock

Investor sentiment improves as stock rises 26%

Third quarter 2023 earnings released: EPS: US$2.65 (vs US$1.89 in 3Q 2022)

Customers Bancorp, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Executive VP & CFO recently sold US$571k worth of stock

Executive VP & CFO recently sold US$1.0m worth of stock

Customers Bancorp, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2023

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: US$1.41 (vs US$1.73 in 2Q 2022)

Customers Bancorp, Inc. to Report Q2, 2023 Results on Jul 27, 2023

Investor sentiment improves as stock rises 19%

Customers Bancorp, Inc. (NYSE:CUBI) acquired $631 Million Loan Portfolio from FDIC.

Investor sentiment improves as stock rises 20%

Investor sentiment improves as stock rises 23%

Investor sentiment deteriorates as stock falls 19%

First quarter 2023 earnings released: EPS: US$1.58 (vs US$2.27 in 1Q 2022)

Lead Independent Director recently bought US$54k worth of stock

Investor sentiment deteriorates as stock falls 20%

Full year 2022 earnings released: EPS: US$6.69 (vs US$10.52 in FY 2021)

Investor sentiment improves as stock rises 25%

Customers Bancorp, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

Full year 2022 earnings released: EPS: US$6.69 (vs US$10.52 in FY 2021)

Customers Bancorp, Inc. to Report Q4, 2022 Results on Jan 25, 2023

Third quarter 2022 earnings released: EPS: US$1.89 (vs US$3.40 in 3Q 2021)

Customers Bancorp, Inc. Reports Net Charge-Offs for the Third Quarter Ended September 30, 2022

Customers Bancorp, Inc. to Report Q3, 2022 Results on Oct 26, 2022

Customers Bancorp, Inc. Appoints Raj Date to Its Board of Directors

Second quarter 2022 earnings released: EPS: US$1.73 (vs US$1.80 in 2Q 2021)

Customers Bancorp, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2022

Customers Bancorp, Inc. to Report Q2, 2022 Results on Jul 27, 2022

Customers Bancorp, Inc.(NYSE:CUBI) dropped from Russell 2000 Growth-Defensive Index

Customers Bancorp Provides Earnings Guidance for Full Year 2022

Investor sentiment deteriorated over the past week

First quarter 2022 earnings released: EPS: US$2.27 (vs US$2.23 in 1Q 2021)

President & Vice Chairman recently bought US$125k worth of stock

Customers Bancorp, Inc., Annual General Meeting, May 31, 2022

Customers Bancorp, Inc. to Report Q1, 2022 Results on Apr 27, 2022

Investor sentiment deteriorated over the past week

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Customers Bancorp, Inc Announces Board Additions

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

High number of new directors

Insider recently sold US$846k worth of stock

Investor sentiment improved over the past week

Insider recently sold US$80k worth of stock