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Customers Bank, a digital-forward super-community bank with a growing number of operations across the nation and the bank subsidiary of Customers Bancorp, Inc. (NYSE:CUBI), announced today that it will be consolidating its Pennsylvania branches and transferring the accounts from five (5...
For the week, shares of Customers Bancorp (NYSE: CUBI) traded 10.5% higher after market close Thursday for no obvious reason other than the broader rally among crypto, bank, and tech stocks this week. Customers Bancorp is a roughly $19 billion asset bank headquartered in Pennsyl...
Circle's reserve assets for its USD Coin ( USDC-USD ), the second-largest stablecoin by market cap, are fully backed by cash and short-term Treasury debt, according to the stablecoin issuer's first monthly asset breakdown . Specifically, Circle's reserve assets were supporte...
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Thursday, July 28, 2022, to report its earnings results for the three months and six months ending June 30, 2022. The call will be ...
After remarkable loan growth during the second quarter of 2022, the growth rate will likely decelerate in the latter half of the year due to some headwinds. Both the asset and liability sides are quite sensitive to interest rate hikes. Provisioning will likely remain above normal ...
Customers Bancorp (NYSE:CUBI) reported Thursday that credit trends continue to remain stable with no notable deterioration despite the economic tightening. Delinquency rate was at 0.27% as at the end of May compared to 0.25% at the end of March quarter. The company has recorded over 98% of gr...
Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively "Customers" or "CUBI"), today issued a mid-quarter financial update highlighting the following: Management expects to meet or beat guidance of $4.75-$5.00 Core EPS (excluding PPP) for full yea...
FTSE Russell has released a preliminary lists of companies set to join or leave the Russell Microcap Index as part of its 2022 annual reconstitution. 76 companies are shifting up from the Russell Microcap Index which consists of 25 financial allocated companies. Following is a list of to...
Shareholders of Customers Bancorp, Inc. (NYSE:CUBI) – parent of Customers Bank, a digital-forward super-community bank with a growing number of operations across the nation, met in a virtual annual meeting Tuesday, May 31 electing three directors, ratifying the appointment of Del...
The $19 billion asset Customers Bancorp (NYSE: CUBI) , based in Pennsylvania, continues to impress as the bank executes its niche banking and technology-driven strategy. In the first quarter of 2022, Customers reported diluted earnings per share of $2.18 on total revenue of nearly $...
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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...