what we believe in: at customers bank, we are dedicated to providing exceptional value, service and convenience as part of an overall effortless banking experience. our high-tech, high-touch approach to banking allows us to deliver a superior selection of products and services. who we serve: we’re a community-based, full-service bank that offers a continually expanding portfolio of loans to small businesses, multi-family projects, mortgage companies and consumers in pennsylvania, new york, rhode island, new hampshire, massachusetts, and new jersey. our way of banking: our high-tech approach ensures that our customers have access to the all the latest and most convenient mobile and online banking tools. but when high-tech isn’t enough, customers have the convenience of concierge banking® — face-to-face banking by appointment at customers’ homes or offices 12 hours a day, seven days a week. our single-point-of-contact model means that customers have just one phone number to call for virt
Company profile
Ticker
CUBI, CUBB
Exchange
CEO
Jay Sidhu
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Customers 1st Bancorp, Inc.
SEC CIK
Corporate docs
IRS number
272290659
CUBI stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
17 Apr 24
DEF 14A
Definitive proxy
17 Apr 24
8-K
Departure of Directors or Certain Officers
12 Apr 24
8-K
Customers Bancorp Reports Results for Fourth Quarter and Full Year 2023
25 Jan 24
8-K
Other Events
6 Dec 23
10-Q
2023 Q3
Quarterly report
9 Nov 23
8-K
Customers Bancorp Reports Results for Third Quarter 2023
26 Oct 23
8-K
Departure of Directors or Certain Officers
1 Sep 23
S-8
Registration of securities for employees
31 Aug 23
10-Q
2023 Q2
Quarterly report
9 Aug 23
Transcripts
CUBI
Earnings call transcript
2023 Q4
26 Jan 24
CUBI
Earnings call transcript
2023 Q3
27 Oct 23
CUBI
Earnings call transcript
2023 Q2
28 Jul 23
CUBI
Earnings call transcript
2023 Q1
28 Apr 23
CUBI
Earnings call transcript
2022 Q4
26 Jan 23
CUBI
Earnings call transcript
2022 Q3
27 Oct 22
CUBI
Earnings call transcript
2022 Q2
28 Jul 22
CUBI
Earnings call transcript
2022 Q1
28 Apr 22
CUBI
Earnings call transcript
2022 Q4
26 Jan 22
CUBI
Earnings call transcript
2021 Q4
25 Jan 22
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 3.42 bn | 3.42 bn | 3.42 bn | 3.42 bn | 3.42 bn | 3.42 bn |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) | 4.40 mm |
Cash used (since last report) | n/a | n/a | n/a | n/a | n/a | 29.25 mm |
Cash remaining | n/a | n/a | n/a | n/a | n/a | 3.39 bn |
Runway (months of cash) | n/a | n/a | n/a | n/a | n/a | 771.5 |
Institutional ownership, Q3 2023
80.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 210 |
Opened positions | 38 |
Closed positions | 17 |
Increased positions | 58 |
Reduced positions | 78 |
13F shares | Current |
---|---|
Total value | 846.43 bn |
Total shares | 25.45 mm |
Total puts | 109.40 k |
Total calls | 189.90 k |
Total put/call ratio | 0.6 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 4.42 mm | $152.21 bn |
Vanguard | 2.15 mm | $74.22 bn |
Wellington Management | 2.13 mm | $73.45 bn |
Dimensional Fund Advisors | 2.11 mm | $72.82 bn |
STT State Street | 1.62 mm | $55.83 bn |
JPM JPMorgan Chase & Co. | 1.07 mm | $36.77 bn |
MS Morgan Stanley | 610.53 k | $21.03 bn |
Jacobs Levy Equity Management | 592.42 k | $20.41 bn |
Geode Capital Management | 582.04 k | $20.05 bn |
Nuveen Asset Management | 474.34 k | $16.34 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
12 Apr 24 | Sidhu Jay S | Common Stock | Grant | Acquire A | No | No | 49.02 | 10,098 | 495.00 k | 1,190,265 |
12 Apr 24 | Samvir S. Sidhu | Common Stock | Grant | Acquire A | No | No | 49.02 | 7,601 | 372.60 k | 142,004 |
7 Apr 24 | Sidhu Jay S | Common Stock | Payment of exercise | Dispose F | No | No | 50.43 | 1,156 | 58.30 k | 1,180,167 |
7 Apr 24 | Sidhu Jay S | Common Stock | Payment of exercise | Dispose F | No | No | 50.43 | 1,298 | 65.46 k | 1,181,323 |
7 Apr 24 | Sidhu Jay S | Common Stock | Payment of exercise | Dispose F | No | No | 50.43 | 2,980 | 150.28 k | 1,182,621 |
7 Apr 24 | Sidhu Jay S | Common Stock | Grant | Acquire A | No | No | 50.43 | 7,571 | 381.81 k | 1,185,601 |
7 Apr 24 | Sidhu Jay S | Common Stock | Payment of exercise | Dispose F | No | No | 50.43 | 2,892 | 145.84 k | 1,178,030 |
7 Apr 24 | Sidhu Jay S | Common Stock | Grant | Acquire A | No | No | 50.43 | 7,347 | 370.51 k | 1,180,922 |
7 Apr 24 | Sidhu Jay S | Common Stock | Payment of exercise | Dispose F | No | No | 50.43 | 2,892 | 145.84 k | 1,173,575 |
7 Apr 24 | Sidhu Jay S | Common Stock | Grant | Acquire A | No | No | 50.43 | 7,347 | 370.51 k | 1,176,467 |
News
Where Customers Bancorp Stands With Analysts
8 Apr 24
Jefferies Maintains Buy on Customers Bancorp, Raises Price Target to $64
8 Apr 24
Raymond James Maintains Strong Buy on Customers Bancorp, Raises Price Target to $72
29 Jan 24
Customers Bancorp Stock: A Deep Dive Into Analyst Perspectives (4 Ratings)
26 Jan 24
Wedbush Maintains Outperform on Customers Bancorp, Lowers Price Target to $65
26 Jan 24
Press releases
Customers Bancorp, Inc. to Host First Quarter 2024 Earnings Webcast on Friday, April 26, 2024
15 Apr 24
Customers Bank Onboards 10 Experienced Banking Teams and Accelerates Deposit Transformation; Builds Prominence on East, West Coasts
9 Apr 24
Customers Bancorp, Inc. Subordinated Notes to Convert from Fixed to Floating Rate
4 Mar 24
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred Stock
29 Jan 24
Customers Bancorp Reports Results for Fourth Quarter and Full Year 2023
25 Jan 24