DA Davidson raised the firm’s price target on Customers Bancorp (CUBI) to $71 from $68 and keeps a Buy rating on the shares after its Q4 earnings beat. The company reported a strong rebound in earnings coming off a weak Q3, led by 6% growth in net interest income driven by strong net interest margin expansion, along with solid loan and deposit growth, the analyst tells investors in a research note. The bank also experienced a surge of dollar denominated deposits from its crypto customers post the election, the firm added.
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