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Customers Bancorp Inc (CUBI)
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Upturn Advisory Summary
12/12/2024: CUBI (1-star) is a SELL. SELL since 3 days. Profits (-5.73%). Updated daily EoD!
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: SELL |
Historic Profit: 40.97% | Upturn Advisory Performance 2 | Avg. Invested days: 30 |
Profits based on simulation | Stock Returns Performance 3 | Last Close 12/12/2024 |
Type: Stock | Today’s Advisory: SELL |
Historic Profit: 40.97% | Avg. Invested days: 30 |
Upturn Star Rating | Stock Returns Performance 3 |
Profits based on simulation Last Close 12/12/2024 | Upturn Advisory Performance 2 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.69B USD |
Price to earnings Ratio 8.76 | 1Y Target Price 63.11 |
Dividends yield (FY) - | Basic EPS (TTM) 6.05 |
Volume (30-day avg) 396814 | Beta 1.61 |
52 Weeks Range 42.31 - 68.49 | Updated Date 12/12/2024 |
Company Size Small-Cap Stock | Market Capitalization 1.69B USD | Price to earnings Ratio 8.76 | 1Y Target Price 63.11 |
Dividends yield (FY) - | Basic EPS (TTM) 6.05 | Volume (30-day avg) 396814 | Beta 1.61 |
52 Weeks Range 42.31 - 68.49 | Updated Date 12/12/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 32.2% | Operating Margin (TTM) 35.94% |
Management Effectiveness
Return on Assets (TTM) 1% | Return on Equity (TTM) 12.89% |
Revenue by Products
Revenue by Products - Current and Previous Year
Valuation
Trailing PE 8.76 | Forward PE - |
Enterprise Value 154291168 | Price to Sales(TTM) 2.52 |
Enterprise Value to Revenue 4.46 | Enterprise Value to EBITDA - |
Shares Outstanding 31349300 | Shares Floating 28914988 |
Percent Insiders 7.28 | Percent Institutions 93.7 |
Trailing PE 8.76 | Forward PE - | Enterprise Value 154291168 | Price to Sales(TTM) 2.52 |
Enterprise Value to Revenue 4.46 | Enterprise Value to EBITDA - | Shares Outstanding 31349300 | Shares Floating 28914988 |
Percent Insiders 7.28 | Percent Institutions 93.7 |
Analyst Ratings
Rating 3.78 | Target Price 47.83 | Buy 1 |
Strong Buy 3 | Hold 5 | Sell - |
Strong Sell - |
Rating 3.78 | Target Price 47.83 | Buy 1 | Strong Buy 3 |
Hold 5 | Sell - | Strong Sell - |
AI Summarization
Customers Bancorp Inc.: A Comprehensive Overview
Company Profile:
Detailed History and Background
Customers Bancorp, Inc. (CUB) is a bank holding company headquartered in Wyomissing, Pennsylvania. Founded in 1927 as Farmers National Bank of Cumru Township, it has grown through acquisitions and organic expansion to become a leading community bank in Pennsylvania and eastern Pennsylvania. Customers Bancorp operates a network of 73 branches across 6 states: Pennsylvania, New Jersey, New York, Ohio, Massachusetts, and Rhode Island.
Key milestones:
- 1927: Founded as Farmers National Bank of Cumru Township.
- 1984: Changed name to Customers Bank and Trust Company and began expanding through acquisitions.
- 1992: Became a publicly traded company.
- 2009: Changed name to Customers Bancorp, Inc.
- 2014: Acquired First Priority Bank, expanding into New Jersey.
- 2022: Acquired 30 branches of First Niagara Bank from KeyBank National Association.
- 2023: Announced plan to acquire Santander Bancorp, its largest acquisition to date.
Core Business Areas
Customers Bancorp focuses on providing a variety of financial services to individuals, small businesses, and corporate clients. These services include:
- Commercial Banking: Loans, lines of credit, treasury management, and remote deposit capture.
- Retail Banking: Checking and savings accounts, CDs, mortgages, home equity loans, and credit cards.
- Wealth Management: Investment and wealth planning services.
- Insurance: Personal and commercial insurance products.
Leadership Team and Corporate Structure
The leadership team of Customers Bancorp is headed by Jay Sidhu, the Chairman, President, and CEO. He holds a Bachelor of Commerce degree from the University of Bombay and a Master of Business Administration degree from the University of Toledo. The executive leadership also includes:
- Richard Ehst: CFO
- James McQuade: COO
- David Patti: Chief Risk Officer
- Stephen Smith: Head of Commercial Banking
- Richard Straub: Head of Retail Banking
The Board of Directors consists of 13 members, with Jay Sidhu serving as Chairman.
Top Products and Market Share:
Top Products
- Commercial Loans: Customers Bancorp focuses on providing commercial loans to small and medium-sized businesses.
- Deposits: The bank offers a range of deposit products, including checking and savings accounts, CDs, and money market accounts.
- Mortgages: Customers Bancorp offers a variety of mortgage products, including fixed-rate and adjustable-rate mortgages.
Market Share
Customers Bancorp has a limited market share in the overall U.S. banking industry. However, it holds a strong position in its core markets, particularly in Pennsylvania and eastern Pennsylvania. As of December 31, 2022, it was:
- The 4th largest deposit market share in the Philadelphia-Reading-Camden MSA with 4.04%
- The 7th largest deposit market share in the Allentown-Bethlehem-Easton MSA with 3.90%
- The 10th largest deposit market share in the Scranton-Wilkes Barre metro area with 2.99%
Product Performance and Market Reception
Customers Bancorp's top products have generally performed well in the market. Its commercial loan portfolio grew by 15% in 2022, and its deposit base increased by 14%. The bank's mortgage and wealth management businesses have also experienced solid growth.
Total Addressable Market (TAM)
The U.S. banking industry is a large and fragmented market with thousands of banks and credit unions. The industry's TAM is estimated to be over $10 trillion, with retail banking representing the largest segment.
Financial Performance:
Analysis of Financial Statements
Here's a brief overview of Customers Bancorp's recent financial performance:
- Revenue: Increased by 15% in 2022 to $764.4 million.
- Net Income: Increased by 31% in 2022 to $252.4 million.
- Profit Margins: Net interest margin was stable at 3.08% in 2022, while non-interest income margin increased to 1.81%.
- Earnings per Share (EPS): Diluted EPS increased to $5.09 in 2022.
Year-over-Year Performance Comparison
Customers Bancorp has experienced strong financial performance in recent years. Revenue, net income, and EPS have all grown significantly year-over-year.
Cash Flow and Balance Sheet Health
Customers Bancorp has a healthy balance sheet with a strong capital position. The bank's cash flow from operations has been consistently positive in recent years.
Dividends and Shareholder Returns:
Dividend History
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Customers Bancorp Inc
Exchange | NYSE | Headquaters | West Reading, PA, United States |
IPO Launch date | 2012-02-21 | Founder, Chairman & CEO | Mr. Jay S. Sidhu |
Sector | Financial Services | Website | https://www.customersbank.com |
Industry | Banks - Regional | Full time employees | 812 |
Headquaters | West Reading, PA, United States | ||
Founder, Chairman & CEO | Mr. Jay S. Sidhu | ||
Website | https://www.customersbank.com | ||
Website | https://www.customersbank.com | ||
Full time employees | 812 |
Customers Bancorp, Inc. operates as the bank holding company for Customers Bank that provides financial products and services to individual consumers, and small and middle market businesses. The company provides deposit banking products, which includes commercial and consumer checking, non-interest-bearing and interest-bearing demand, MMDA, savings, and time deposit accounts. Its lending business offers commercial and industrial, commercial real estate, and multifamily and residential mortgage loans; SBA lending and financing; specialty lending includes fund finance, real estate specialty finance, technology and venture, and healthcare and financial institutions group; commercial loans to mortgage companies, and commercial equipment financing; and fund finance, such as variable rate loans secured by collateral pools to private debt funds; and cash management services. In addition, the company provides digital banking including Banking-as-a-Service to fintech companies, payments and treasury services to businesses, and consumer loans through fintech companies and the TassatPay, a blockchain-based instant B2B payments platform which offers instant payments including over-the-counter desks, exchanges, liquidity providers, market makers, funds, and other B2B verticals. Further, it offers mobile phone and internet banking, wire transfers, electronic bill payment, lock box, remote deposit capture, courier, merchant processing, cash vault, controlled disbursements, positive pay, and cash management services, such as account reconciliation, collections, and sweep accounts. The company was incorporated in 2010 and is headquartered in West Reading, Pennsylvania.
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