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Customers Bancorp Inc (CUBI)

Upturn stock ratingUpturn stock rating
Customers Bancorp Inc
$53.01
Delayed price
Profit since last BUY-5.73%
SELL
upturn advisory
SELL since 3 days
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK
Time period over

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​ Upturn stock ratingUpturn stock rating
Today’s Advisory: SELL
Historic Profit: 40.97%
Upturn Advisory Performance Upturn Advisory Performance2
Avg. Invested days: 30
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Stock Returns Performance Upturn 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​ Upturn stock ratingUpturn stock rating
Stock Returns Performance Upturn Returns Performance 3
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 12/12/2024
Upturn Advisory Performance Upturn Advisory Performance2

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

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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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