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Customers Bancorp Inc (CUBI.N)

CUBI.N on New York Stock Exchange

19.41USD
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Change (% chg)

$-0.33 (-1.67%)
Prev Close
$19.74
Open
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$19.80
Day's Low
$19.38
Volume
23,068
Avg. Vol
52,645
52-wk High
$29.04
52-wk Low
$16.75

Latest Key Developments (Source: Significant Developments)

Customers Bancorp-Intends To Repurchase Up To $15.8 Mln Of Common Stock Under Existing 2013 Repurchase Program
Monday, 10 Dec 2018 

Dec 10 (Reuters) - Customers Bancorp Inc ::CUSTOMERS BANCORP INC - INTENDS TO REPURCHASE UP TO $15.8 MILLION OF COMMON STOCK UNDER EXISTING 2013 REPURCHASE PROGRAM.  Full Article

Customers Bancorp-Expects Q4 2018 Net Interest Margin Expansion & $4 Of Earnings Per Share Within 3-4 Years
Tuesday, 27 Nov 2018 

Nov 27 (Reuters) - Customers Bancorp Inc ::CUSTOMERS BANCORP INC - EXPECTS Q4 2018 NET INTEREST MARGIN EXPANSION AND $4 OF EARNINGS PER SHARE WITHIN 3-4 YEARS.CUSTOMERS BANCORP SAYS EXPECT Q4 FINANCIAL RESULTS TO BE IN LINE WITH CURRENT CONSENSUS RANGE OF $0.49 TO $0.53 - SEC FILING.  Full Article

Customers Bancorp enters into amended and restated purchase agreement with Flagship
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Customers Bancorp Inc :Customers Bancorp - On Nov 17, co and Flagship Community Bank entered into an amended and restated purchase and assumption agreement.Customers Bancorp - Original purchase agreement provided for sale of Bankmobile division of Customers Bank to Flagship.Customers Bancorp - Completion of transaction was subject to a variety of conditions, including Flagship obtaining financing not less than $260 million.Customers Bancorp says Flagship was unable to obtain the financing​.Customers Bancorp says ‍amended purchase agreement contains certain termination rights for both sellers and flagship​.  Full Article

Customers Bancorp reports Q3 earnings per share $0.13
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Customers Bancorp Inc :Customers Bancorp Inc reports net income for third quarter 2017 and first nine months 2017.Q3 earnings per share $0.13.Q3 earnings per share view $0.70 -- Thomson Reuters I/B/E/S.Q3 non-GAAP earnings per share $0.61 excluding items.Customers Bancorp Inc - ‍Q3 2017 net interest income of $68.0 million increased $3.4 million, or 5.3 pct, from net interest income for q3 2016​.Customers Bancorp Inc - ‍bankmobile, previously presented as discontinued operations in financial statements was reclassified as held and used at sept 30, 2017​.Customers Bancorp Inc - expect to reach closer to targeted capital levels at year end 2017 and future years.  Full Article

Customers Bancorp Q3 earnings per share $0.34 excluding items
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Customers Bancorp Inc :Q3 earnings per share $0.34 excluding items.Q3 earnings per share view $0.70 -- Thomson Reuters I/B/E/S.Estimates Q3 2017 earnings will be approximately $4.1 million ($0.13 per diluted share)​.Customers Bancorp Inc - ‍estimates Q3 2017 non-GAAP earnings per share $0.61​.Customers Bancorp Inc - "‍change in our BankMobile disposition strategy has unfortunate effect of reducing Q3 2017 earnings by $0.32"​.  Full Article