Customers Bancorp
Market Cap
US$849.1m
Last Updated
2021/02/27 23:54 UTC
Data Sources
Company Financials +
Executive Summary
Customers Bancorp, Inc. operates as the bank holding company for Customers Bank that provides financial products and services to individual consumers, and small and middle market businesses. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 0.2% per year for the next 3 years
Snowflake Analysis
Excellent balance sheet with solid track record.
Similar Companies
Share Price & News
How has Customers Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CUBI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: CUBI's weekly volatility has decreased from 12% to 6% over the past year.
Market Performance
7 Day Return
0.9%
CUBI
-0.2%
US Banks
-3.6%
US Market
1 Year Return
32.0%
CUBI
19.9%
US Banks
36.4%
US Market
Return vs Industry: CUBI exceeded the US Banks industry which returned 19.8% over the past year.
Return vs Market: CUBI underperformed the US Market which returned 38.5% over the past year.
Shareholder returns
| CUBI | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | -0.2% | -3.6% |
| 30 Day | 20.1% | 13.5% | 0.9% |
| 90 Day | 50.4% | 22.3% | 6.7% |
| 1 Year | 47.5%32.0% | 24.3%19.9% | 39.4%36.4% |
| 3 Year | -0.05%-10.6% | 11.7%2.2% | 53.4%43.5% |
| 5 Year | 20.7%8.0% | 92.0%67.7% | 117.3%93.0% |
Long-Term Price Volatility Vs. Market
How volatile is Customers Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Have Insiders Sold Customers Bancorp, Inc. (NYSE:CUBI) Shares Recently?3 weeks ago | Simply Wall St
Need To Know: Analysts Are Much More Bullish On Customers Bancorp, Inc. (NYSE:CUBI)1 month ago | Simply Wall St
Here's What Customers Bancorp, Inc.'s (NYSE:CUBI) Shareholder Ownership Structure Looks LikeValuation
Is Customers Bancorp undervalued compared to its fair value and its price relative to the market?
30.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CUBI ($26.78) is trading below our estimate of fair value ($38.65)
Significantly Below Fair Value: CUBI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CUBI is good value based on its PE Ratio (7.1x) compared to the US Banks industry average (12.5x).
PE vs Market: CUBI is good value based on its PE Ratio (7.1x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: CUBI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CUBI's PB Ratio (0.9x) is in line with the US Banks industry average.
Next Steps
Future Growth
How is Customers Bancorp forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
-0.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CUBI's earnings are forecast to decline over the next 3 years (-0.2% per year).
Earnings vs Market: CUBI's earnings are forecast to decline over the next 3 years (-0.2% per year).
High Growth Earnings: CUBI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CUBI's revenue is expected to decline over the next 3 years (-2.3% per year).
High Growth Revenue: CUBI's revenue is forecast to decline over the next 3 years (-2.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CUBI's Return on Equity is forecast to be low in 3 years time (10.5%).
Next Steps
Past Performance
How has Customers Bancorp performed over the past 5 years?
2.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CUBI has high quality earnings.
Growing Profit Margin: CUBI's current net profit margins (26.8%) are higher than last year (19%).
Past Earnings Growth Analysis
Earnings Trend: CUBI's earnings have grown by 2.5% per year over the past 5 years.
Accelerating Growth: CUBI's earnings growth over the past year (83.1%) exceeds its 5-year average (2.5% per year).
Earnings vs Industry: CUBI earnings growth over the past year (83.1%) exceeded the Banks industry 0.6%.
Return on Equity
High ROE: CUBI's Return on Equity (11.9%) is considered low.
Next Steps
Financial Health
How is Customers Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: CUBI's Assets to Equity ratio (16.5x) is moderate.
Allowance for Bad Loans: CUBI has a sufficient allowance for bad loans (204%).
Low Risk Liabilities: 65% of CUBI's liabilities are made up of primarily low risk sources of funding.
Loan Level: CUBI has an appropriate level of Loans to Assets ratio (85%).
Low Risk Deposits: CUBI's Loans to Deposits ratio (138%) is high.
Level of Bad Loans: CUBI has an appropriate level of bad loans (0.4%).
Next Steps
Dividend
What is Customers Bancorp current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CUBI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CUBI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CUBI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CUBI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CUBI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
10.5yrs
Average management tenure
CEO
Jay Sidhu (68 yo)
10.83yrs
Tenure
US$3,051,306
Compensation
Mr. Jay S. Sidhu is Co-Founder of BankMobile and served as its Executive Chairman until January 04, 2021 and served as its Chief Executive Officer. Mr. Sidhu is Founder of Customers Bancorp. He served as D...
CEO Compensation Analysis
Compensation vs Market: Jay's total compensation ($USD3.05M) is above average for companies of similar size in the US market ($USD2.25M).
Compensation vs Earnings: Jay's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 10.83yrs | US$3.05m | 3.94% $ 33.4m | |
| President | 10.08yrs | US$1.22m | 0.43% $ 3.6m | |
| Executive VP | 2.25yrs | US$791.13k | 0.054% $ 461.5k | |
| Senior EVP & Chief Administration Officer | no data | US$313.62k | no data | |
| Senior VP | 0.83yr | no data | 0.0061% $ 52.0k | |
| Director of Investor Relations & Strategic Planning | no data | no data | no data | |
| Head of Corporate Development & Director | 9.08yrs | no data | 0.13% $ 1.1m | |
| Senior Vice President | no data | US$145.98k | no data | |
| Senior Vice President | 10.5yrs | no data | no data | |
| Regional Chief Lending Officer | 10.5yrs | no data | no data | |
| Senior Vice President | 10.5yrs | no data | no data | |
| Chief Auditor & Executive VP | 5.83yrs | no data | no data |
10.5yrs
Average Tenure
60.5yo
Average Age
Experienced Management: CUBI's management team is seasoned and experienced (10.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 10.83yrs | US$3.05m | 3.94% $ 33.4m | |
| President | 10.08yrs | US$1.22m | 0.43% $ 3.6m | |
| Head of Corporate Development & Director | 9.08yrs | no data | 0.13% $ 1.1m | |
| Senior EVP | 0.67yr | no data | 0.088% $ 750.2k | |
| Lead Independent Director | no data | US$146.22k | 0.27% $ 2.3m | |
| Independent Director | 12.08yrs | US$125.02k | 0.17% $ 1.5m | |
| Independent Director | 0.58yr | no data | 0.0090% $ 76.4k | |
| Independent Director | 4.67yrs | US$114.41k | 0.068% $ 580.1k | |
| Independent Director | 16.08yrs | US$125.02k | 0.69% $ 5.9m | |
| Independent Director | 8.08yrs | US$103.80k | 2.14% $ 18.1m | |
| Independent Director | 4.83yrs | US$125.02k | 0.20% $ 1.7m |
8.6yrs
Average Tenure
69.5yo
Average Age
Experienced Board: CUBI's board of directors are considered experienced (8.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CUBI insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Customers Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Customers Bancorp, Inc.
- Ticker: CUBI
- Exchange: NYSE
- Founded: 1994
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$849.062m
- Shares outstanding: 31.71m
- Website: https://www.customersbank.com
Number of Employees
Location
- Customers Bancorp, Inc.
- 701 Reading Avenue
- West Reading
- Pennsylvania
- 19611
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CUBI | NYSE (New York Stock Exchange) | Yes | Voting Common Stock | US | USD | Feb 2012 |
| 0I5Z | LSE (London Stock Exchange) | Yes | Voting Common Stock | GB | USD | Feb 2012 |
| CUBI.PRC | NYSE (New York Stock Exchange) | 7% PFD-C FIX/FLT | US | USD | May 2015 | |
| CUBI.PRD | NYSE (New York Stock Exchange) | PFD-D FIX/FLT | US | USD | Jan 2016 | |
| CUBI.PRE | NYSE (New York Stock Exchange) | PFD CUM SER E | US | USD | Apr 2016 | |
| CUBI.PRF | NYSE (New York Stock Exchange) | PFD NONCUM SER F | US | USD | Sep 2016 |
Biography
Customers Bancorp, Inc. operates as the bank holding company for Customers Bank that provides financial products and services to individual consumers, and small and middle market businesses. It operates in...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/27 23:54 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.