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Customers Bancorp Inc (CUBI.N)

CUBI.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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
Thursday, 26 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

Customers Bancorp authorized sale of up to $50 mln shares -SEC filing
Friday, 12 Aug 2016 

Customers Bancorp Inc : Authorized sale of shares in an aggregate offering amount up to $50 million under the sales agreement - SEC filing Source: (http://bit.ly/2aNj7H2 ) Further company coverage: [CUBI.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Customers Bancorp says Q2 earnings per share $0.60
Thursday, 21 Jul 2016 

Customers Bancorp Inc : Customers Bancorp says qtrly earnings per share $0.60 . Qtrly net interest income after provision for loan losses $62.4 million versus $37.2 million . Customers Bancorp reports record net income for second quarter and first six months of 2016 . Q2 earnings per share $0.60 . Q2 earnings per share view $0.60 -- Thomson Reuters I/B/E/S .Commercial loan average balances increased $886 million in q2 2016 versus to q2 2015.  Full Article

Customers Bancorp, Inc announces pricing of public offering of preferred stock
Friday, 22 Apr 2016 

Customers Bancorp, Inc:Says pricing of its public offering of 2 mln shares of the Company's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E at $25.00 per share.  Full Article

Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C and Series D Preferred Stock
Thursday, 18 Feb 2016 

Customers Bancorp, Inc:declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE: CUBIPrC) of $0.4375 per share.The dividend is payable on March 15, 2016 to shareholders of record on February 29, 2016.also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D (NYSE: CUBIPrD) of $0.2076 per share.The dividend is payable on March 15, 2016 to shareholders of record on February 29, 2016.  Full Article

BRIEF-Customers Bancorp enters into amended and restated purchase agreement with Flagship

* Customers Bancorp - On Nov 17, co and Flagship Community Bank entered into an amended and restated purchase and assumption agreement