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Stock impact report

Customers Bancorp: Lots Of Cash, But Sluggish Loan Growth [Seeking Alpha]

Customers Bancorp, Inc (CUBI) 
Last customers bancorp, inc earnings: 1/22 04:54 pm Check Earnings Report
Company Research Source: Seeking Alpha
Total deposits increased and interest expenses decreased, showing improvement in the composition of deposits. Loan growth was stagnant, but management expects growth between 10% and 15% in 2024. It was a solid Q1 2024 for Customers Bancorp ( NYSE: CUBI ), but the market reacted negatively and punished the stock with -5.47%. Yet, estimates were beaten upward: Q1 Non-GAAP EPS of $1.68 beats by $0.05. Revenue of $181.6M (+8.1% Y/Y) beats by $16.79M. Recommended For You Show less Read more
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