|Bid||22.19 x 1000|
|Ask||22.21 x 900|
|Day's Range||22.13 - 22.41|
|52 Week Range||17.35 - 25.72|
|Beta (5Y Monthly)||1.08|
|PE Ratio (TTM)||10.80|
|Earnings Date||Apr 21, 2020 - Apr 26, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||30.00|
Customers Bancorp, Inc declares quarterly cash dividend on its Series C, Series D, Series E & Series F Preferred Stock
The $11.5 billion-asset bank has tapped the son of its founder, chairman and CEO to lead it into the future.
Customers Bancorp (CUBI) delivered earnings and revenue surprises of -1.30% and 10.29%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Customers Bancorp, Inc. (NYSE: CUBI) the parent company of Customers Bank and its operating division BankMobile (collectively "Customers" or "CUBI"), today reported record fourth quarter 2019 ("Q4 2019") net income to common shareholders of $23.9 million, or $0.75 per diluted share, up from $23.5 million in third quarter 2019 ("Q3 2019") and $14.2 million in fourth quarter 2018 ("Q4 2018"). Core earnings for Q4 2019 totaled $24.3 million, or $0.76 per diluted share, up from $23.0 million in Q3 2019 and $17.0 million in Q4 2018 (non-GAAP measures). Q4 2019 core earnings per diluted share was up 43% over Q4 2018 core earnings per diluted share (non-GAAP measures). Net interest margin, tax equivalent ("NIM") (a non-GAAP measure), expanded 6 basis points during Q4 2019 to 2.89%. Full year 2019 ("FY 2019") net income to common shareholders was $64.9 million, or $2.05 per diluted share, up from full year 2018 ("FY 2018") net income to common shareholders of $57.2 million, or $1.78 per diluted share. Core earnings for FY 2019 totaled $71.2 million, or $2.25 per diluted share, compared to core earnings of $78.5 million, or $2.43 per diluted share, for FY 2018 (non-GAAP measures). FY 2019 NIM expanded 17 basis points to 2.75% from FY 2018 NIM of 2.58% (non-GAAP measures).
Customers Bancorp Outlines Vision 2025 & Customers Bank Succession Plan w/ recruitment of COO and internal promotions
Customers Bancorp (CUBI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Customers Bancorp, Inc. (NYSE:CUBI), operating in the financial services industry based in United States, saw a...
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, "Customers"), announced today that it will host a conference call at 9:00 AM EST on Thursday, January 23, 2020 to discuss its earnings results for the three months and year ending December 31, 2019. The fourth quarter 2019 earnings press release will be issued after market close on Wednesday, January 22, 2020.
The Zacks Analyst Blog Highlights: The Bancorp, Eagle Bancorp Montana, Customers Bancorp, State Street and Luther Burbank
Following phase-one trade deal agreement, investors dumped safe-haven government bonds and opted for risky assets like equities, which resulted in a Wall Street rally.
The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]
The bank intends to use the money for working capital, funding organic and acquisitive growth, redeeming shares of preferred stock or repurchasing common stock.
In 2010 Jay Sidhu was appointed CEO of Customers Bancorp, Inc. (NYSE:CUBI). First, this article will compare CEO...
An analyst who tracks the bank said the two most likely usages for the capital would be redeem shares of preferred stock and repurchasing common stock.
Moody's Investors Service affirms all the ratings of First Horizon (FHN) and its subsidiaries. Moreover, the rating firm's outlook for the bank has been maintained at "stable".
Customers Bancorp is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.