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BM Technologies was created as a subsidiary of Customers Bancorp and started trading publicly via a merger with SPAC Megalith Financial Acquisition around January 2021. Building on a core higher-ed disbursement business BMTX has grown deposits by 141% annually since 2019. The upcoming...
The U.S. Federal Reserve has released guidelines for depository institutions considering cryptocurrency-related activities, according to a supervisory letter Tuesday. While the emerging crypto space presents potential opportunities to the financial system, "crypto-asset-relate...
Almost immediately after we purchased BM Technologies shares, the price jumped by 40% and we trimmed position. The stock has languished at $6 per share, which is just 2.5 times trailing adjusted EBITDA of $2.40 per share. We think the current valuation of just over one times EBITD...
Cedar Creek Partners is a hedge fund. The fund applies the typical bottom-up concentrated value approach of looking for a discount to intrinsic value to the neglected areas of the market, micro and nano caps. Cedar Creek declined by 10.2% in the second quarter, net of fees and expense...
Since the pandemic began, Customers Bancorp (NYSE: CUBI) , a roughly $20 billion asset bank based in Pennsylvania, has seen its stock price more than triple, only to see it then fall back significantly this year along with many other bank and tech stocks. That whole time, the bank h...
Customers Bancorp, Inc. (CUBI) Q2 2022 Earnings Conference Call July 28, 2022 9:00 AM ET Company Participants David Patti - Communications Director Jay Sidhu - Executive Chairman Sam Sidhu - Vice Chairman, President and Chief Executive Officer Carla Leibold -...
The following slide deck was published by Customers Bancorp, Inc. in conjunction with their 2022 Q2 earnings call. For further details see: Customers Bancorp, Inc. 2022 Q2 - Results - Earnings Call Presentation
Customers Bancorp press release ( NYSE: CUBI ): Q2 GAAP EPS of $1.68 misses by $0.13 . Revenue of $177.6M (+16.6% Y/Y) beats by $17.91M . We continue to expect to meet or beat projections of our core earnings (excluding PPP)* between $4.75 - $5.00 in 2022 and o...
Customers Bancorp, Inc. (NYSE:CUBI) Second Quarter 2022 Highlights Q2 2022 net income available to common shareholders was $56.5 million, or $1.68 per diluted share, down 2.6% over Q2 2021. Q2 2022 adjusted pre-tax pre-provision net income* was $105.7 million, up 2...
Customers Bancorp ( NYSE: CUBI ) is scheduled to announce Q2 earnings results on Wednesday, July 27th, after market close. The consensus EPS Estimate is $1.81 (+2.8% Y/Y) and the consensus Revenue Estimate is $159.69M (+4.9% Y/Y). Over the last 2 years, CUBI has beat...
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Customers Bancorp, Inc. (NYSE:CUBI): First Quarter 2024 Highlights Q1 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; Co...
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Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EST on Friday, April 26, 2024, to report its earnings results for the three months ending March 31, 2024. The webcast will be conducted by Customers...