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Customers Bank has a strong presence in the market, with a long history dating back to 1864.
The bank has a market capitalization of around $1.5 billion, making it a mid-sized financial institution.
In terms of revenue, Customers Bank generated $342 million in 2020, with a net income of $24 million.
The bank has a solid financial foundation, with a Tier 1 capital ratio of 11.5% as of 2020.
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Company Information
Customers Bancorp has a notable insider who sold shares worth $921,224 on January 30.
The company has received a price target lift from B. Riley, which now stands at $81, up from $80, with a Buy rating.
Here's a summary of the recent developments:
Managers and Directors:
The company has a diverse group of managers and directors who oversee various aspects of the business. Samvir Sidhu is the CEO, a position he has held since the company's inception.
The Chief Executive Officer, Samvir Sidhu, is 41 years old. Philip Watkins is the Director of Finance and Chief Financial Officer, who joined the company in 2024.
The Director of Finance and Chief Financial Officer, Philip Watkins, is 40 years old and has been with the company since April 11, 2024. Nicholas Harris is the Chief Technology/Science/R&D Officer, but his age is not publicly disclosed.
The company has a few long-serving directors who have been on the board since 2010. Daniel Rothermel, T. Way, and Steven Zuckerman are all directors who have been with the company since April 25, 2010.
Here is a list of the managers and directors:
Banks
Customers Bancorp has been in the news recently due to a significant sale of shares by one of its insiders. The insider sold shares worth $921,224, according to a recent SEC filing.
B. Riley Financial analysts have taken notice of Customers Bancorp's performance and have adjusted their price target. They now recommend buying the stock at $81, up from their previous target of $80.
Here's a brief rundown of the recent updates:
News
Customers Bancorp, Inc. has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E. This announcement was made on January 23, 2025.
The company's Board of Directors has declared a quarterly cash dividend of $0.50 per share. This dividend will be paid on February 14, 2025, to shareholders of record as of February 1, 2025.
Customers Bancorp, Inc. has also announced net charge-offs for the quarter ended December 31, 2024. The company reported net charge-offs of $3.4 million for the quarter.
Here is a summary of the company's recent announcements:
Customers Bancorp, Inc. has also reported Q4 core earnings and revenue fall. The company's Q4 core earnings fell to $1.36 per share, compared to the FactSet estimate of $1.20 per share.
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Financial Details
In 2024, Customers Bancorp's revenue was $641.39 million, a significant decrease of -6.15% compared to the previous year's $683.40 million.
Their earnings were $166.43 million, a notable decrease of -29.31% from the previous year.
Here's a breakdown of their revenue and earnings over the years:
Their net income in 2025 is projected to be $204 million, a notable increase from the previous year.
Valuation: Inc
Let's take a closer look at the valuation of Customers Bancorp, Inc. Their capitalization has fluctuated over time, ranging from 1.42 billion to 63.33 billion.
The company's P/E ratio for 2024 is 9.56x, while the P/E ratio for 2025 is expected to be 9.23x.
Their enterprise value has also varied significantly, spanning from 153 billion to 273 billion. This is a substantial range, indicating the company's market value is subject to change.
Here's a breakdown of the company's valuation metrics:
Their EV/Sales ratio for 2024 is 2.33x, while the expected ratio for 2025 is 2.53x.
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Financials
Customers Bancorp's financial performance has been on a downward trend in recent years. Their net sales decreased from 57.44B in 2024 to 60.6B in 2025, a -5.3% change.
The company's net income also saw a decline, dropping from 15.9B in 2024 to 17.75B in 2025, a -11.9% change. Their net income was 183M in 2024 and 204M in 2025, showing a 11.5% increase.
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Customers Bancorp's financials have been impacted by various analyst recommendations. B. Riley lifted the price target on Customers Bancorp to $81 from $80, keeping a Buy rating.
Their net debt is not available in the provided data.
Here is a comparison of Customers Bancorp's net sales and net income over the past few years:
Customers Bancorp's financial performance has been impacted by various analyst recommendations. B. Riley adjusted the price target on Customers Bancorp to $80 from $78, keeping a Buy rating.
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