Customers Bancorp Reports Results for First Quarter
Customers Bancorp, Inc (CUBI)
Last customers bancorp, inc earnings: 1/22 04:54 pm
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Company Research
Source: Business Wire
WEST READING, Pa.--(BUSINESS WIRE)--Customers Bancorp, Inc. (NYSE:CUBI):First Quarter 2024 HighlightsQ1 2024 net income available to common shareholders was $45.9 million, or $1.40 per diluted share; ROAA was 0.94% and ROCE was 12.08%.Q1 2024 core earnings* were $46.5 million, or $1.42 per diluted share; Core ROAA* was 0.95% and Core ROCE* was 12.24%.Q1 2024 adjusted core earnings* excluding certain one-time items were $55.1 million, or $1.68 per diluted share; Adjusted Core ROAA* excluding certain one-time items was 1.11% and Adjusted Core ROCE* excluding certain one-time items was 14.50%.CET 1 ratio of 12.5%1 at March 31, 2024, compared to 12.2% at December 31, 2023, above the approximately 11.5% target.TCE / TA ratio* of 7.3% at March 31, 2024, compared to 7.0% at December 31, 2023, on track to achieve 7.5% target within one to two quarters.Q1 2024 net interest margin, tax equivalent (“NIM”) was 3.10%, compared to Q4 2023 NIM of 3.31%, due to higher cash balances and lower aver
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CUBI
News
- Customers Bancorp, Inc. (NYSE: CUBI) had its price target lowered by analysts at Hovde Group from $66.00 to $63.00. They now have an "outperform" rating on the stock.MarketBeat
- Customers Bancorp: Lots Of Cash, But Sluggish Loan Growth [Seeking Alpha]Seeking Alpha
- Ten Pennsylvania Communities Selected to Participate in Community Revitalization Initiative [Yahoo! Finance]Yahoo! Finance
- Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred StockBusiness Wire
- Customers Bancorp, Inc. (NYSE: CUBI) had its price target lowered by analysts at Wedbush from $63.00 to $61.00. They now have an "outperform" rating on the stock.MarketBeat
CUBI
Earnings
- 4/25/24 - Beat
CUBI
Sec Filings
- 5/3/24 - Form SC
- 4/25/24 - Form 8-K
- 4/25/24 - Form 8-K
- CUBI's page on the SEC website