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Customers Bancorp (CUBI)
NYSE:CUBI
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.24Last Year’s EPS
1.4Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 13.17%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted significant growth in deposits, assets, and profitability, with strong loan growth and operational efficiency achievements. Despite some challenges, such as elevated professional services expenses and a moderate impact from securities repositioning, the overall outlook remains positive with strong capital and credit performance.Company Guidance
During the Customers Bancorp Q4 2024 earnings call, management provided robust guidance for 2025, highlighting anticipated growth across several key metrics. The bank expects net interest income to grow by 7% to 10%, with significant opportunities for reducing interest expenses further, driving net interest margin higher. They aim for a loan portfolio increase of 7% to 10%, leveraging strong pipelines in diversified verticals. Customers Bancorp also plans to enhance its deposit franchise with a target of $1.5 billion to $2 billion in new deposits, maintaining a focus on reducing high-cost deposit sources. Notably, noninterest-bearing deposits reached $5.6 billion, comprising 30% of total deposits, contributing to a total deposit beta of 64%. The bank's core expenses are managed tightly, with an efficiency target for the low to mid-50s in 2025 and a long-term goal in the mid-40s. Capital ratios remain strong, with CET1 at 12%, supporting strategic growth opportunities. Overall, Customers Bancorp positions itself for top-tier industry performance in the coming year.Exceptional Deposit-Led Growth
The bank has doubled in size over the last 5 years, ending 2024 with over $22 billion in assets, led by an impressive $10 billion of net deposit growth, which is 17% annually.
Strong Earnings and Profitability
Net interest income is up 19% annually, and core EPS is up over 2.5x over the last 5 years. Margin increased by 40 basis points over that time.
Successful Deposit Franchise Transformation
Deposits increased by more than $775 million or 4%. Noninterest-bearing deposits increased to $5.6 billion or 30% of total deposits.
Record Loan Growth
Loan portfolio grew by $670 million this quarter, with a 19% annualized pace; 12.3% growth for the year, bucking industry trends.
Operational Excellence and Efficiency Achievements
On track to achieve $20 million in annual efficiency through fee income growth and expense savings, with $5 million annual run rate fee income from cubiX platform.
Strong Capital and Credit Performance
NPAs remained low at just 25 basis points. Net charge-offs declined in the quarter, and commercial net charge-off rate declined to 13 basis points.
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CUBI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CUBI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 23, 2025 | $50.35 | $57.35 | +13.90% |
| Oct 31, 2024 | $46.13 | $45.68 | -0.98% |
| Jul 25, 2024 | $64.05 | $66.85 | +4.37% |
| Apr 25, 2024 | $49.53 | $46.82 | -5.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Customers Bancorp (CUBI) report earnings?
Customers Bancorp (CUBI) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Customers Bancorp (CUBI) earnings time?
Customers Bancorp (CUBI) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CUBI EPS forecast?
CUBI EPS forecast for the fiscal quarter 2025 (Q1) is 1.24.
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