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The following slide deck was published by Customers Bancorp, Inc. in conjunction with their 2022 Q3 earnings call. For further details see: Customers Bancorp, Inc. 2022 Q3 - Results - Earnings Call Presentation
Customers Bancorp press release ( NYSE: CUBI ): Q3 Non-GAAP EPS of $2.30 beats by $0.14 . Revenue of $175.41M beats by $14.69M . For further details see: Customers Bancorp Non-GAAP EPS of $2.30 beats by $0.14, revenue of $175.41M beats by $14.69M
Customers Bancorp, Inc. (NYSE:CUBI) Third Quarter 2022 Highlights Q3 2022 net income available to common shareholders was $61.4 million, or $1.85 per diluted share; ROAA was 1.24% and ROCE was 19.33%. Q3 2022 core earnings* were $82.3 million, or $2.48 per diluted ...
Summary Cedar Creek increased by 13.4% in the third quarter, net of fees and expenses, and was up 2.4% in the first nine months, net of fees and expenses. Cedar Creek fund holdings are at incredibly attractive prices. We continue to have more attractive ideas than capital. ...
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Thursday, October 27, 2022, to report its earnings results for the three months ending September 30, 2022. The call will be conduct...
Summary Robust loan pipelines and efforts to expand geographically will sustain loan growth. Higher provisioning, higher non-interest expenses, and lower PPP fees will likely lead to an earnings decline this year. The December 2022 target price suggests a high upside from the ...
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...
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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...
On June 26, 2024, the Board of Directors of Customers Bancorp, Inc. (NYSE: CUBI), the holding company for Customers Bank, authorized a new common stock repurchase plan, providing the company the option to purchase up to 497,509 shares of its outstanding common stock over a one-year period. Th...