Customers Bancorp Management
Management criteria checks 3/4
Customers Bancorp's CEO is Jay Sidhu, appointed in Apr 2010, has a tenure of 14.75 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 $73.90M. The average tenure of the management team and the board of directors is 3.5 years and 8.6 years respectively.
Key information
Jay Sidhu
Chief executive officer
US$3.8m
Total compensation
| CEO salary percentage | 20.7% |
| CEO tenure | 14.8yrs |
| CEO ownership | 4.8% |
| Management average tenure | 3.5yrs |
| Board average tenure | 8.6yrs |
Recent management updates
Recent updates
Customers Bancorp: The Series E Preferred Is Now The Best Income Option
Dec 10Customers Bancorp: Despite Some Troubles, The Firm Is Still Worth Considering
Oct 20Customers Bancorp: Improving Profitability Ratios For This Regional Bank
Jul 30Customers Bancorp: This 8.5% Baby Bond Is The Best Opportunity Right Now
May 28Customers Bancorp: Lots Of Cash, But Sluggish Loan Growth
Apr 30Customers Bancorp: Still Offers Some Upside
Jan 22Customers Bancorp: Q3 2023 Fuels Positive Momentum
Nov 03Customers Bancorp: The Rally May Not Be Over Yet
Aug 23Customers Bancorp: Strong Risk Management Culture And Undervaluation Make It A Buy
Jun 07Customers Bancorp's bank subsidiary launches loan syndications banking team
Feb 16Customers Bancorp: Attractively Valued, But Earnings Likely To Dip
Dec 26Customers Bancorp extends buyback program for one year
Oct 04Here's Why Customers Bancorp (NYSE:CUBI) Has Caught The Eye Of Investors
Aug 21
Customers Bancorp subsidiary plans to consolidate Five Pennsylvania branches
Jul 22Customers Bancorp: Earnings Likely To Remain Much Higher Than The Pre-Pandemic Level
Jul 08CEO Compensation Analysis
| 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$57m |
Compensation vs Market: Jay's total compensation ($USD3.76M) is below average for companies of similar size in the US market ($USD5.43M).
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)
14.8yrs
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 |
|---|---|---|---|---|
| Founder | 14.8yrs | US$3.76m | 4.84% $ 73.9m | |
| President & Vice Chairman | 3.5yrs | US$2.72m | 0.31% $ 4.7m | |
| Executive VP & Chief Banking Officer | less than a year | US$1.31m | 0.050% $ 760.8k | |
| Executive VP & CFO | less than a year | no data | 0.066% $ 1.0m | |
| Executive VP & Chief Accounting Officer | 4.8yrs | no data | 0.0032% $ 49.4k | |
| Executive VP & Chief Information Officer | 2yrs | no data | no data | |
| Executive VP | 3.5yrs | no data | no data | |
| Director of Communications | no data | no data | no data | |
| Executive VP & Chief People Officer | 2yrs | no data | no data | |
| Senior Vice President | 14.4yrs | no data | no data | |
| Executive VP | 14.4yrs | no data | no data | |
| Chief Auditor & Executive VP | 9.8yrs | no data | no data |
3.5yrs
Average Tenure
60yo
Average Age
Experienced Management: CUBI's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 16yrs | US$3.76m | 4.84% $ 73.9m | |
| Lead Independent Director | 16yrs | US$180.66k | 0.36% $ 5.5m | |
| Independent Director | 16yrs | US$160.77k | 0.24% $ 3.7m | |
| Independent Director | 4.5yrs | US$140.88k | 0.062% $ 941.0k | |
| Independent Director | 8.6yrs | US$150.81k | 0.12% $ 1.8m | |
| Independent Director | 20yrs | US$160.77k | 0.39% $ 6.0m | |
| Independent Director | 2.3yrs | US$140.84k | 0.020% $ 305.5k | |
| Independent Director | 3yrs | US$140.88k | 0.044% $ 666.7k | |
| Director | 3yrs | US$140.88k | 0.018% $ 268.6k |
8.6yrs
Average Tenure
62yo
Average Age
Experienced Board: CUBI's board of directors are considered experienced (8.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 00:14 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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.
| Analyst | Institution |
|---|---|
| Matthew Schultheis | Boenning & Scattergood, Inc. |
| Harold Goetsch | B. Riley Securities, Inc. |
| Stephen Moss | CGS International |