Market Summary
USD18.23+0.86
Delayed4.95%
CUBI Stock Price
CUBI RSI Chart
CUBI Valuation
CUBI Price/Sales (Trailing)
CUBI Profitability
CUBI Fundamentals
CUBI Revenue
CUBI Earnings
Price Action
52 Week Range
6.8757.07
(Low)(High)
Last 7 days
-10.4%
Last 30 days
-40.5%
Last 90 days
-35.5%
Trailing 12 Months
-65.7%
CUBI Financial Health
CUBI Investor Care
Peers (Alternatives to Customers Bancorp)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
BNS | 56.4B | 40.0B | -8.98% | -31.24% | 5.3 | 1.79 | 34.99% | -10.60% |
MTB | 20.1B | 6.2B | -25.47% | -35.61% | 14.56 | 3.21 | 58.61% | -25.85% |
CFG | 15.3B | 7.1B | -25.67% | -34.02% | 7.39 | 2.17 | 45.54% | -10.61% |
| MID-CAP | ||||||||
EWBC | 7.7B | 2.3B | -27.78% | -31.39% | 6.84 | 3.32 | 43.40% | 29.22% |
CBSH | 6.9B | 999.0M | -12.47% | -19.22% | 14.12 | 6.9 | 17.76% | -7.98% |
SIVB | 6.3B | 5.7B | -67.21% | -80.32% | 3.9 | 1.11 | 72.48% | -22.38% |
PB | 5.8B | 1.1B | -15.03% | -9.45% | 10.96 | 5.25 | 4.58% | 1.01% |
FFIN | 4.6B | 432.9M | -13.79% | -27.60% | 19.55 | 10.59 | 15.00% | 3.04% |
BPOP | 3.9B | 2.5B | -23.06% | -34.29% | 3.54 | 1.58 | 16.17% | 17.94% |
WAL | 3.6B | 2.7B | -54.27% | -60.94% | 3.36 | 1.32 | 62.28% | 17.58% |
| SMALL-CAP | ||||||||
BANR | 1.9B | 450.9M | -13.73% | -5.77% | 9.54 | 4.13 | 1.16% | -2.82% |
SBCF | 1.7B | 380.5M | -21.10% | -30.57% | 16.27 | 4.55 | 51.31% | -14.39% |
HTLF | 1.6B | 674.7M | -21.79% | -19.17% | 7.78 | 2.45 | 14.59% | -3.52% |
LKFN | 1.6B | 239.6M | -12.16% | -14.61% | 15.6 | 6.76 | 23.99% | 8.44% |
Financials for Customers Bancorp
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 6.7% | 885 | 830 | 837 | 803 | 781 |
| EBITDA | -12.6% | 942 | 1,078 | 1,209 | 1,185 | - |
| EBITDA Margin | -18.1% | 1.06* | 1.30* | 1.44* | 1.47* | - |
| Earnings Before Taxes | -21.4% | 291 | 371 | 441 | 445 | 441 |
| EBT Margin | -26.4% | 0.33* | 0.45* | 0.53* | 0.55* | - |
| Interest Expenses | -8.6% | 624 | 682 | 743 | 717 | 685 |
| Net Income | -24.0% | 228 | 300 | 352 | 355 | 315 |
| Net Income Margin | -28.8% | 0.26* | 0.36* | 0.42* | 0.44* | - |
| Free Cahsflow | -108.4% | -24.87 | 295 | 172 | 212 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 2.6% | 20,896 | 20,368 | 20,252 | 19,164 | 19,575 |
| Cash Equivalents | 12.7% | 456 | 404 | 245 | 275 | 518 |
| Net PPE | 36.5% | 9.00 | 7.00 | 7.00 | 8.00 | 9.00 |
| Liabilities | 2.7% | 19,493 | 18,981 | 18,899 | 17,786 | 18,209 |
| . Short Term Borrowings | -59.7% | 365 | 905 | 700 | 775 | - |
| Long Term Debt | - | - | - | - | - | - |
| Shareholder's Equity | 1.2% | 1,403 | 1,387 | 1,353 | 1,377 | 1,366 |
| Retained Earnings | 2.9% | 924 | 899 | 837 | 781 | 706 |
| Additional Paid-In Capital | 0.5% | 552 | 549 | 546 | 542 | 542 |
| Accumulated Depreciation | 10.7% | 54.00 | 49.00 | 44.00 | 22.00 | - |
| Shares Outstanding | -0.3% | 32.00 | 32.00 | 32.00 | 33.00 | 33.00 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -107.0% | -20.82 | 296 | 172 | 212 | 296 |
| Share Based Compensation | 5.8% | 14.00 | 13.00 | 14.00 | 14.00 | 14.00 |
| Cashflow From Investing | 41.1% | -1,298 | -2,205 | -831 | -585 | -1,201 |
| Cashflow From Financing | -0.5% | 1,257 | 1,263 | 476 | 135 | 755 |
| Buy Backs | -40.2% | 33.00 | 55.00 | 55.00 | 34.00 | 28.00 |
Risks for CUBI
What is the probability of a big loss on CUBI?
86.9%
Probability that Customers Bancorp stock will be more than 20% underwater in next one year
58.1%
Probability that Customers Bancorp stock will be more than 30% underwater in next one year.
51.1%
Probability that Customers Bancorp stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does CUBI drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Customers Bancorp was unfortunately bought at previous high price.
Drawdowns
Returns for CUBI
Cumulative Returns on CUBI
3.0%
10-Year Cumulative Returns
-1.9%
7-Year Cumulative Returns
-6.4%
5-Year Cumulative Returns
24.9%
3-Year Cumulative Returns
What are the long-term rolling returns for CUBI?
FIve years rolling returns for Customers Bancorp.
Annualized Returns
Which funds bought or sold CUBI recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -84.28 | -24,334,900 | 4,331,090 | -% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -40.00 | - | - | -% |
2023-02-28 | Voya Investment Management LLC | added | 119 | 387,690 | 737,690 | -% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 13.44 | 23,000 | 265,000 | -% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | unchanged | - | -591 | 2,409 | -% |
2023-02-21 | MACQUARIE GROUP LTD | reduced | -39.47 | -744,000 | 1,009,000 | -% |
2023-02-15 | FIRST WILSHIRE SECURITIES MANAGEMENT INC | reduced | -1.56 | -16,000 | 281,000 | 0.10% |
2023-02-15 | Toroso Investments, LLC | added | 8.33 | 370,000 | 9,303,000 | 0.36% |
2023-02-15 | Financial Gravity Asset Management, Inc. | reduced | -95.17 | -5,161 | 2,014 | 0.01% |
2023-02-15 | LAZARD ASSET MANAGEMENT LLC | unchanged | - | - | - | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Customers Bancorp News
Schedule 13G FIlings of Customers Bancorp
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 6.53% | 2,121,898 | SC 13G/A | |
| Jan 26, 2023 | blackrock inc. | 14.4% | 4,675,688 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 14.4% | 4,675,688 | SC 13G/A | |
| Feb 11, 2022 | lord, abbett & co. llc | 5.48% | 1,775,378 | SC 13G | |
| Feb 09, 2022 | vanguard group inc | 5.90% | 1,910,702 | SC 13G/A | |
| Feb 08, 2022 | dimensional fund advisors lp | 7.2% | 2,323,334 | SC 13G/A | |
| Jan 27, 2022 | blackrock inc. | 14.3% | 4,623,204 | SC 13G/A | |
| Jan 26, 2022 | blackrock inc. | 14.3% | 4,623,204 | SC 13G/A | |
| Feb 12, 2021 | dimensional fund advisors lp | 7.6% | 2,387,679 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 5.82% | 1,839,167 | SC 13G/A |
CUBI Fair Value
Customers Bancorp fair value in different scenarios
The table shows the Fair Value estimates for Customers Bancorp for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 113.96 525.12% | 156.22 756.94% | 243.11 1233.57% | 348.65 1812.51% | 432.88 2274.55% |
| Current Inflation | 102.57 462.64% | 139.00 662.48% | 213.29 1069.99% | 302.73 1560.61% | 373.92 1951.12% |
| Very High Inflation | 88.42 385.02% | 118.03 547.45% | 177.75 875.04% | 248.88 1265.22% | 305.27 1574.55% |
Historical Customers Bancorp Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Customers Bancorp
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 24, 2023 | 4 | Insider Trading | |
| Mar 24, 2023 | 4 | Insider Trading | |
| Mar 24, 2023 | 4 | Insider Trading | |
| Mar 24, 2023 | 4 | Insider Trading | |
| Mar 24, 2023 | 4 | Insider Trading | |
| Mar 24, 2023 | 4 | Insider Trading | |
| Mar 16, 2023 | 4 | Insider Trading | |
| Mar 16, 2023 | 4 | Insider Trading | |
| Mar 16, 2023 | 4 | Insider Trading | |
| Mar 16, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for CUBI
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-15 | ROTHERMEL DANIEL K | acquired | 63,334 | 18.08 | 3,503 | - |
2023-03-15 | Mackay Robert Neil | acquired | 23,558 | 18.08 | 1,303 | - |
2023-03-15 | Zuckerman Steven J | acquired | 43,446 | 18.08 | 2,403 | - |
2023-03-15 | Banks Bernard Bennett | acquired | 23,558 | 18.08 | 1,303 | - |
2023-03-15 | Way T Lawrence | acquired | 43,446 | 18.08 | 2,403 | - |
2023-03-15 | Allon Andrea R. | acquired | 28,512 | 18.08 | 1,577 | - |
2023-03-15 | Date Rajeev V | acquired | 13,560 | 18.08 | 750 | - |
2023-03-15 | BUFORD ROBERT J | acquired | 23,558 | 18.08 | 1,303 | - |
2023-03-14 | Sidhu Samvir S. | bought | 106,600 | 20.5 | 5,200 | president, ceo |
2023-03-13 | SIDHU JAY S | bought | 499,950 | 11.00 | 45,450 | chairman & ceo |
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 offers deposits products, including checking, savings, MMDA, and other deposits accounts. It offers loan products, including commercial mortgage warehouse loans, multi-family and commercial real estate loans, business banking, small business loans, equipment financing, residential mortgage loans, and installment loans. It also offers traditional banking activities, including mobile phone banking, internet banking, wire transfers, electronic bill payment, lock box services, remote deposit capture services, courier services, merchant processing services, cash vault, controlled disbursements, positive pay, cash management services, such as account reconciliation, collections, and sweep accounts. It operates 12 full-service branches, as well as limited production and administrative offices in Southeastern Pennsylvania, including Bucks, Berks, Chester, Philadelphia, and Delaware Counties; Harrisburg, Pennsylvania; Rye Brook and New York; Hamilton, New Jersey; Boston, Massachusetts; Providence, Rhode Island; Portsmouth, New Hampshire; Manhattan and Melville, New York; Washington D.C.; Chicago, Illinois; Dallas, Texas; Orlando, Florida; and Wilmington, North Carolina. Customers Bancorp, Inc. was founded in 1994 and is headquartered in West Reading, Pennsylvania.
CUBI Income Statement
2022-12-31Consolidated Statements of Income - USD ($) $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Interest income: | |||
| Loans and leases | $ 745,313 | $ 736,822 | $ 512,048 |
| Investment securities | 119,236 | 40,413 | 24,206 |
| Interest earning deposits | 10,952 | 1,585 | 3,301 |
| Other | 9,872 | 2,064 | 3,749 |
| Total interest income | 885,373 | 780,884 | 543,304 |
| Interest expense: | |||
| Deposits | 226,239 | 62,641 | 92,045 |
| FHLB advances | 11,464 | 6,211 | 21,637 |
| Subordinated debt | 10,755 | 10,755 | 10,755 |
| FRB PPP liquidity facility and other borrowings | 13,195 | 16,203 | 15,179 |
| Total interest expense | 261,653 | 95,810 | 139,616 |
| Net interest income | 623,720 | 685,074 | 403,688 |
| Provision for credit losses | 60,066 | 27,426 | 62,774 |
| Net interest income after provision for credit losses | 563,654 | 657,648 | 340,914 |
| Non-interest income: | |||
| Commercial lease income | 27,719 | 21,107 | 18,139 |
| Bank-owned life insurance | 15,697 | 8,416 | 7,009 |
| Mortgage warehouse transactional fees | 6,738 | 12,874 | 11,535 |
| Gain (loss) on sale of SBA and other loans | 3,155 | 11,327 | 2,009 |
| Loss on sale of consumer installment loans | (23,465) | 0 | 0 |
| Loan fees | 12,188 | 7,527 | 5,652 |
| Mortgage banking income | 869 | 1,536 | 1,693 |
| Net gain (loss) on sale of investment securities | (23,164) | 31,392 | 20,078 |
| Unrealized gain (loss) on investment securities | (710) | 2,720 | 1,447 |
| Loss on sale of foreign subsidiaries | 0 | (2,840) | 0 |
| Unrealized gain (loss) on derivatives | 2,391 | 3,208 | (3,951) |
| Loss on cash flow hedge derivative terminations | 0 | (24,467) | 0 |
| Legal settlement gain | 7,519 | 0 | 0 |
| Other | (759) | 957 | (2,965) |
| Total non-interest income | 32,272 | 77,867 | 63,818 |
| Non-interest expense: | |||
| Salaries and employee benefits | 112,365 | 108,202 | 94,067 |
| Technology, communication and bank operations | 84,998 | 83,544 | 50,668 |
| Professional services | 27,465 | 26,688 | 13,557 |
| Occupancy | 13,606 | 12,143 | 11,362 |
| Commercial lease depreciation | 22,978 | 17,824 | 14,715 |
| FDIC assessments, non-income taxes, and regulatory fees | 8,869 | 10,061 | 11,661 |
| Loan servicing | 15,023 | 10,763 | 3,431 |
| Advertising and promotion | 2,541 | 1,520 | 1,796 |
| Merger and acquisition related expenses | 0 | 418 | 1,367 |
| Loan workout | 1,072 | 265 | 3,143 |
| Deposit relationship adjustment fees | 0 | 6,216 | 0 |
| Other | 15,712 | 16,663 | 9,209 |
| Total non-interest expense | 304,629 | 294,307 | 214,976 |
| Income before income tax expense | 291,297 | 441,208 | 189,756 |
| Income tax expense | 63,263 | 86,940 | 46,717 |
| Net income from continuing operations | 228,034 | 354,268 | 143,039 |
| Loss from discontinued operations before income tax expense (benefit) | 0 | (20,354) | (13,798) |
| Income tax expense (benefit) from discontinued operations | 0 | 19,267 | (3,337) |
| Net loss from discontinued operations | 0 | (39,621) | (10,461) |
| Net income | 228,034 | 314,647 | 132,578 |
| Preferred stock dividends | 9,632 | 11,693 | 14,041 |
| Loss on redemption of preferred stock | 0 | 2,820 | 0 |
| Net income available to common shareholders | 218,402 | 300,134 | 118,537 |
| Net income available to common shareholders | $ 218,402 | $ 300,134 | $ 118,537 |
| Basic earnings per common share from continuing operations (usd per share) | $ 6.69 | $ 10.51 | $ 4.09 |
| Basic earnings per common share (usd per share) | 6.69 | 9.29 | 3.76 |
| Diluted earnings (loss) per common share from continuing operations (usd per share) | 6.51 | 10.08 | 4.07 |
| Diluted earnings per common share (usd per share) | $ 6.51 | $ 8.91 | $ 3.74 |
| Interchange and card revenue | |||
| Non-interest income: | |||
| Non-interest income | $ 243 | $ 336 | $ 646 |
| Deposit fees | |||
| Non-interest income: | |||
| Non-interest income | $ 3,851 | $ 3,774 | $ 2,526 |
CUBI Balance Sheet
2022-12-31Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $ 58,025 | $ 35,238 |
| Interest earning deposits | 397,781 | 482,794 |
| Cash and cash equivalents | 455,806 | 518,032 |
| Investment securities, at fair value (includes allowance for credit losses of $578 at December 31, 2022) | 2,987,500 | 3,817,150 |
| Investment securities held to maturity | 840,259 | 0 |
| Loans held for sale (includes $322 and $15,747, respectively, at fair value) | 328,312 | 16,254 |
| Loans receivable, mortgage warehouse, at fair value | 1,323,312 | 2,284,325 |
| Loans receivable, PPP | 998,153 | 3,250,008 |
| Loans and leases receivable | 13,144,894 | 9,018,298 |
| Allowance for credit losses on loans and leases | (130,924) | (137,804) |
| Total loans and leases receivable, net of allowance for credit losses on loans and leases | 15,335,435 | 14,414,827 |
| FHLB, Federal Reserve Bank, and other restricted stock | 74,196 | 64,584 |
| Accrued interest receivable | 123,374 | 92,239 |
| Bank premises and equipment, net | 9,025 | 8,890 |
| Bank-owned life insurance | 338,441 | 333,705 |
| Goodwill and other intangibles | 3,629 | 3,736 |
| Other assets | 400,135 | 305,611 |
| Total assets | 20,896,112 | 19,575,028 |
| Deposits: | ||
| Demand, non-interest bearing | 1,885,045 | 4,459,790 |
| Interest bearing | 16,271,908 | 12,318,134 |
| Total deposits | 18,156,953 | 16,777,924 |
| Federal funds purchased | 0 | 75,000 |
| FHLB advances | 800,000 | 700,000 |
| Other borrowings | 123,580 | 223,086 |
| Subordinated debt | 181,952 | 181,673 |
| Accrued interest payable and other liabilities | 230,666 | 251,128 |
| Total liabilities | 19,493,151 | 18,208,811 |
| Commitments and contingencies (NOTE 22) | ||
| Shareholders’ equity: | ||
| Preferred stock, par value $1.00 per share; liquidation preference $25.00 per share; 100,000,000 shares authorized; 5,700,000 shares issued and outstanding as of December 31, 2022 and 2021 | 137,794 | 137,794 |
| Common stock, par value $1.00 per share; 200,000,000 shares authorized; 35,012,250 and 34,721,675 shares issued as of December 31, 2022 and 2021; 32,373,697 and 32,913,267 shares outstanding as of December 31, 2022 and 2021 | 35,012 | 34,722 |
| Additional paid in capital | 551,721 | 542,391 |
| Retained earnings | 924,134 | 705,732 |
| Accumulated other comprehensive income (loss), net | (163,096) | (4,980) |
| Treasury stock, at cost (2,638,553 and 1,808,408 shares as of December 31, 2022 and 2021) | (82,604) | (49,442) |
| Total shareholders’ equity | 1,402,961 | 1,366,217 |
| Total liabilities and shareholders’ equity | $ 20,896,112 | $ 19,575,028 |