Customers Bancorp, Inc. Subordinated Notes to Convert from Fixed to Floating Rate [Yahoo! Finance]
Customers Bancorp, Inc (CUBI)
Last customers bancorp, inc earnings: 1/22 04:54 pm
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Source: Yahoo! Finance
On June 24, 2014, Customers Bancorp, Inc. ("Customers") and its wholly-owned subsidiary, Customers Bank, (the "Bank") entered into subscription agreements with accredited investors under which the Bank issued $110.0 million in aggregate principal amount of fixed-to-floating rate subordinated notes due 2029 (the "Subordinated Notes"). Pursuant to the terms of the original Subordinated Note Certificate, from June 26, 2024, until maturity, the Subordinated Notes were to bear an annual interest rate equal to the three-month LIBOR plus 344.3 basis points. Pursuant to the Adjustable Interest Rate (LIBOR) Act enacted by Congress on March 15, 2022, the three-month term SOFR plus a tenor spread adjustment of 26.161 basis points will replace the three-month LIBOR rate as the benchmark reference rate used to calculate the annual interest rate for the Subordinated Notes on and after June 26, 2024. After June 26, 2024 and until maturity or redemption, interest on the Subordinated Notes will be
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CUBI
News
- 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
- Compared to Estimates, Customers Bancorp (CUBI) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
- Customers Bancorp (CUBI) Beats Q1 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Customers Bancorp Reports Results for First QuarterBusiness Wire
- Customers Bancorp, Inc. to Host First Quarter 2024 Earnings Webcast on Friday, April 26, 2024Business Wire
CUBI
Earnings
- 4/25/24 - Beat
CUBI
Sec Filings
- 4/25/24 - Form 8-K
- 4/25/24 - Form 8-K
- 4/25/24 - Form 8-K/A
- CUBI's page on the SEC website