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)
10-Q
2024 Q1
Quarterly report
9 May 24
8-K
Customers Bancorp Reports Results for First Quarter
25 Apr 24
8-K
Departure of Directors or Certain Officers
25 Apr 24
8-K/A
Departure of Directors or Certain Officers
25 Apr 24
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
Transcripts
CUBI
Earnings call transcript
2024 Q1
26 Apr 24
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 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
Latest ownership filings
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 | 33.49 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 | 770.5 |
Institutional ownership, Q4 2023
7.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 30 |
Opened positions | 7 |
Closed positions | 187 |
Increased positions | 4 |
Reduced positions | 10 |
13F shares | Current |
---|---|
Total value | 40.59 bn |
Total shares | 2.37 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Bay Pond Partners | 1.59 mm | $52.53 mm |
Allspring Global Investments | 254.80 k | $14.68 bn |
Assenagon Asset Management | 183.17 k | $10.55 bn |
Denali Advisors | 84.94 k | $4.89 bn |
Raymond James Financial Services Advisors | 49.08 k | $2.83 bn |
New York State Teachers Retirement System | 37.39 k | $2.16 mm |
Raymond James & Associates | 30.25 k | $1.74 bn |
Advisors Preferred | 23.27 k | $1.30 bn |
Wakefield Asset Management LLLP | 21.92 k | $1.26 bn |
State of Alaska, Department of Revenue | 17.41 k | $1.00 mm |
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
Customers Bank Announces Purchase Of FDIC Interest For $5M In Fintech Investment Fund At An ~70% Discount To The Original Cost Of Investment
15 May 24
What Analysts Are Saying About Customers Bancorp Stock
26 Apr 24
Wedbush Maintains Outperform on Customers Bancorp, Lowers Price Target to $61
26 Apr 24
Customers Bancorp Q1 2024 Adj EPS $1.42 Misses $1.63 Estimate, Sales $160.385M Miss $167.861M Estimate
25 Apr 24
Where Customers Bancorp Stands With Analysts
8 Apr 24
Press releases
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Customers Bancorp, Inc. (CUBI) on Behalf of Investors
16 May 24
Customers Bank Announces Purchase of FDIC Interest in Fintech Investment Fund
15 May 24
Law Offices of Howard G. Smith Announces Investigation of Customers Bancorp, Inc. (CUBI) on Behalf of Investors
15 May 24
The Law Offices of Frank R. Cruz Announces Investigation of Customers Bancorp, Inc. (CUBI) on Behalf of Investors
13 May 24
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred Stock
29 Apr 24