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Customers Bancorp ( NYSE: CUBI ) extends the term term of the share repurchase program for one additional year to September 27, 2023. The share repurchase program was previously authorized on August 25, 2021 to repurchase up to 3,235,326 shares of the company's common stoc...
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...
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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 EDT on Friday, July 26, 2024, to report its earnings results for the three months ending June 30, 2024. The webcast will be conducted by Customers B...
2024-07-10 17:02:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...