Customers Bancorp, Inc.

NYSE:CUBI.PRE Stock Report

Market Cap: US$1.5b

Customers Bancorp Management

Management criteria checks 3/4

Customers Bancorp's CEO is Jay Sidhu, appointed in Apr 2010, has a tenure of 14.67 years. total yearly compensation is $3.76M, comprised of 20.7% salary and 79.3% bonuses, including company stock and options. directly owns 4.84% of the company’s shares, worth $72.43M. The average tenure of the management team and the board of directors is 3.4 years and 8.5 years respectively.

Key information

Jay Sidhu

Chief executive officer

US$3.8m

Total compensation

CEO salary percentage20.7%
CEO tenure14.7yrs
CEO ownership4.8%
Management average tenure3.4yrs
Board average tenure8.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jay Sidhu's remuneration changed compared to Customers Bancorp's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$201m

Jun 30 2024n/an/a

US$241m

Mar 31 2024n/an/a

US$231m

Dec 31 2023US$4mUS$779k

US$235m

Sep 30 2023n/an/a

US$203m

Jun 30 2023n/an/a

US$181m

Mar 31 2023n/an/a

US$194m

Dec 31 2022US$3mUS$736k

US$218m

Sep 30 2022n/an/a

US$293m

Jun 30 2022n/an/a

US$342m

Mar 31 2022n/an/a

US$343m

Dec 31 2021US$4mUS$736k

US$340m

Sep 30 2021n/an/a

US$295m

Jun 30 2021n/an/a

US$232m

Mar 31 2021n/an/a

US$195m

Dec 31 2020US$2mUS$764k

US$129m

Sep 30 2020n/an/a

US$98m

Jun 30 2020n/an/a

US$74m

Mar 31 2020n/an/a

US$58m

Dec 31 2019US$3mUS$736k

US$67m

Sep 30 2019n/an/a

US$55m

Jun 30 2019n/an/a

US$34m

Mar 31 2019n/an/a

US$49m

Dec 31 2018US$2mUS$681k

US$57m

Sep 30 2018n/an/a

US$61m

Jun 30 2018n/an/a

US$63m

Mar 31 2018n/an/a

US$63m

Dec 31 2017US$8mUS$636k

US$64m

Compensation vs Market: Jay's total compensation ($USD3.76M) is below average for companies of similar size in the US market ($USD5.51M).

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)

14.7yrs

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

NamePositionTenureCompensationOwnership
Jay Sidhu
Founder14.7yrsUS$3.76m4.84%
$ 72.4m
Samvir Sidhu
President & Vice Chairman3.4yrsUS$2.72m0.31%
$ 4.6m
Lyle Cunningham
Executive VP & Chief Banking Officerless than a yearUS$1.31m0.050%
$ 743.2k
Philip Watkins
Executive VP & CFOless than a yearno data0.066%
$ 980.1k
Jessie John Velasquez
Executive VP & Chief Accounting Officer4.7yrsno data0.0032%
$ 48.5k
Nicholas Harris
Executive VP & Chief Information Officer1.9yrsno datano data
Andrew Sachs
Executive VP3.4yrsno datano data
David Patti
Director of Communicationsno datano datano data
Eric Lucero
Senior VP & Chief Marketing Officerless than a yearno datano data
Lisa Walsh
Executive VP & Chief People Officer1.9yrsno datano data
Robert Fischer
Senior Vice President14.3yrsno datano data
Timothy Romig
Executive VP14.3yrsno datano data

3.4yrs

Average Tenure

52.5yo

Average Age

Experienced Management: CUBI.PRE's management team is considered experienced (3.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jay Sidhu
Founder15.9yrsUS$3.76m4.84%
$ 72.4m
Daniel Rothermel
Lead Independent Director15.9yrsUS$180.66k0.36%
$ 5.3m
Steven Zuckerman
Independent Director15.9yrsUS$160.77k0.24%
$ 3.6m
Robert Buford
Independent Director4.4yrsUS$140.88k0.062%
$ 922.2k
Andrea Allon
Independent Director8.5yrsUS$150.81k0.12%
$ 1.8m
T. Way
Independent Director19.9yrsUS$160.77k0.39%
$ 5.9m
Rajeev Date
Independent Director2.3yrsUS$140.84k0.020%
$ 299.4k
Bernard Banks
Independent Director2.9yrsUS$140.88k0.044%
$ 653.5k
Robert Mackay
Director2.9yrsUS$140.88k0.018%
$ 263.2k

8.5yrs

Average Tenure

62yo

Average Age

Experienced Board: CUBI.PRE's board of directors are considered experienced (8.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 04:14
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Customers Bancorp, Inc. is covered by 21 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Matthew SchultheisBoenning & Scattergood, Inc.
Harold GoetschB. Riley Securities, Inc.
Stephen MossCGS International