Articles from Customers Bancorp, Inc.

Customers Bancorp, Inc. (NYSECUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.61678915 per share. The dividend is payable on March 17, 2025, to shareholders of record on February 28, 2025.

Customers Bancorp, Inc. (NYSECUBI):

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00a.m. Eastern Standard Time on Friday, Jan. 24, 2025, to report its earnings results for the three months ending Dec. 31, 2024 and full-year 2024. The webcast will be conducted by Customers Bancorp Chair and CEO Jay Sidhu, Customers Bancorp President and Customers Bank President and CEO Sam Sidhu, and Customers Bancorp Chief Financial Officer Philip Watkins.

Customers Bank, the over $21 billion asset subsidiary of Customers Bancorp (NYSECUBI), has been named to the Inc. 2024 Best in Business list in the Financial Services category. Inc.’s annual Best in Business Awards celebrate the exceptional achievements and contributions of companies that have made a profound impact on their industries and on society at large.

Customers Bancorp, Inc. (NYSECUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.65395191 per share. The dividend is payable on December 16, 2024, to shareholders of record on November 30, 2024.

Customers Bancorp, Inc. (NYSECUBI):

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Friday, November 1, 2024, to report its earnings results for the three months ending September 30, 2024. The webcast will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, and Customers Bancorp Chief Financial Officer Philip Watkins.

Customers Bank (NYSECUBI), a leading tech-forward bank, will present at the Barclays Global Financial Services Conference on Sept. 11, 2024. Sam Sidhu, president and CEO, is scheduled to present to analysts and investors at 8:15 a.m. EDT.

Customers Bank, the $22 billion asset subsidiary of Customers Bancorp (NYSECUBI), has appointed Allen Love as Chief Compliance and AML Officer. In this role, Love will be responsible for leading the Bank’s enterprise-wide compliance program, ensuring it continues to evolve as regulatory expectations increase.

Customers Bancorp, Inc. (NYSECUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.67876078 per share. The dividend is payable on September 16, 2024, to shareholders of record on August 31, 2024.

Customers Bancorp, Inc. (NYSECUBI):

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Friday, July 26, 2024, to report its earnings results for the three months ending June 30, 2024. The webcast will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, and Customers Bancorp Chief Financial Officer Philip Watkins.

On June 26, 2024, the Board of Directors of Customers Bancorp, Inc. (NYSECUBI), the holding company for Customers Bank, authorized a new common stock repurchase plan, providing the company the option to purchase up to 497,509 shares of its outstanding common stock over a one-year period.

Customers Bancorp, Inc. (NYSECUBI) announced a corrected dividend amount on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) and Series F (NYSE: CUBIPrF), previously announced on April 29, 2024. As corrected, the cash dividend on its Series E (NYSE: CUBIPrE) will be $0.700488 per share, payable on June 17, 2024, to shareholders of record on May 31, 2024, and the cash dividend on its Series F (NYSE: CUBIPrF) will be $0.675813 per share, payable on June 17, 2024, to shareholders of record on May 31, 2024.

Customers Bancorp, Inc. (NYSECUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.685584 per share. The dividend is payable on June 17, 2024, to shareholders of record on May 31, 2024.

Customers Bancorp, Inc. (NYSECUBI):

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EST on Friday, April 26, 2024, to report its earnings results for the three months ending March 31, 2024. The webcast will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, and Customers Bancorp Chief Financial Officer Philip Watkins.

Customers Bancorp, Inc. (NYSECUBI) announced that subordinated notes issued in 2014 will, on June 26, 2024, convert from an annual fixed rate of 6.125% to a floating rate.

Customers Bancorp, Inc. (NYSECUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.68163044 per share. The dividend is payable on March 15, 2024, to shareholders of record on February 29, 2024.

Customers Bancorp, Inc. (NYSECUBI):

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EST on Friday, January 26, 2024, to report its earnings results for the three months ending December 31, 2023 and full-year 2023. The webcast will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Customers Bancorp Chief Financial Officer Carla Leibold, and Customers Bank Chief Financial Officer Philip Watkins.

Customers Bancorp, Inc. (NYSECUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.68319767 per share. The dividend is payable on December 15, 2023, to shareholders of record on November 30, 2023.

Customers Bancorp, Inc. (NYSECUBI)

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Friday, October 27, 2023, to report its earnings results for the three months ending September 30, 2023. The webcast will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Customers Bancorp Chief Financial Officer Carla Leibold, Customer Bank Chief Financial Officer Philip Watkins, and Customers Bank Chief Credit Officer Andrew Bowman.

Customers Bancorp, Inc. (NYSECUBI)

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Friday, July 28, 2023, to report its earnings results for the three months ending June 30, 2023. The webcast will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Customers Bancorp Chief Financial Officer Carla Leibold, Customers Bank Chief Financial Officer Philip Watkins, and Customers Bank Chief Credit Officer Andrew Bowman.

Customers Bancorp (NYSECUBI), through its principal subsidiary, Customers Bank (“Customers”), has acquired a $631 million1 venture banking loan portfolio from the FDIC at approximately 85% of book value.1 Separate from the loan pool purchase, Customers has successfully recruited 30 team members from the group that originated these loans to service the venture-backed growth industry from seed-stage through late-stage.

Shareholders of Customers Bancorp, Inc. (NYSECUBI) – parent of Customers Bank, a digital-forward super-community bank and one of the 100 largest banks in the U.S., met in a virtual annual meeting on Tuesday, May 30, electing three directors, ratifying the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm, supporting a non-binding “say on pay” proposal to approve the compensation of top executives, and amending the company’s stock incentive plan.

Customers Bancorp, Inc. (NYSECUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.63929075 per share. The dividend is payable on June 15, 2023, to shareholders of record on May 31, 2023.

Customers Bancorp, Inc. (NYSECUBI)

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Friday, April 28, 2023, to report its earnings results for the three months ending March 31, 2023. The call will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Customers Bancorp Chief Financial Officer Carla Leibold, Customers Bank CFO Phil Watkins, and Customers Bank Chief Credit Officer Andrew Bowman.

The top two executives of Customers Bancorp, Inc. (NYSECUBI), a high-performing bank holding company with over $20 billion in assets, will take all 2022 bonuses in stock rather than cash, the firm announced.

Customers Bancorp, Inc. (NYSECUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.61931250 per share. The dividend is payable on March 15, 2023, to shareholders of record on February 28, 2023.

Customers Bancorp, Inc. (NYSECUBI)

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EST on Thursday, January 26, 2023, to report its earnings results for the three months and year ending December 31, 2022. The call will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Chief Financial Officer Carla Leibold, and Chief Credit Officer Andrew Bowman.

Customers Bancorp, Inc. (NYSECUBI) the holding company which owns banking subsidiary Customers Bank (the "Bank") with assets over $20 billion and a leading provider of banking services to technology companies, announced today that the bankruptcy of FTX and its related companies has no material impact on the Bank.

Customers Bancorp, Inc. (NYSECUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.53289158 per share. The dividend is payable on December 15, 2022, to shareholders of record on November 30, 2022.

Customers Bancorp, Inc. (NYSECUBI)

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Thursday, October 27, 2022, to report its earnings results for the three months ending September 30, 2022. The call will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Chief Financial Officer Carla Leibold, and Chief Credit Officer Andrew Bowman.

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively, “Customers”), has appointed Raj Date, Managing Partner of Fenway Summer LLC, a Washington DC-based investment and advisory firm and the first-ever Deputy Director of the U.S. Consumer Financial Protection Bureau (CFPB), to the Board of the holding company and bank.

Customers Bancorp, Inc. (NYSECUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.445233 per share. The dividend is payable on September 15, 2022, to shareholders of record on August 31, 2022.

Customers Bancorp, Inc. (NYSECUBI)

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Thursday, July 28, 2022, to report its earnings results for the three months and six months ending June 30, 2022. The call will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Chief Financial Officer Carla Leibold, and Chief Credit Officer Andrew Bowman.

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively "Customers" or "CUBI"), today issued a mid-quarter financial update highlighting the following:

Shareholders of Customers Bancorp, Inc. (NYSECUBI) – parent of Customers Bank, a digital-forward super-community bank with a growing number of operations across the nation, met in a virtual annual meeting Tuesday, May 31 electing three directors, ratifying the appointment of Deloitte & Touche LLP as the Bank’s independent registered public accounting firm, supporting a non-binding “say on pay” proposal to approve the compensation of top executives, and amending the company’s stock Incentive plan.

Customers Bancorp, Inc. (NYSECUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.381161 per share. The dividend is payable on June 15, 2022, to shareholders of record on May 31, 2022.

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively "Customers" or "CUBI"), today reported first quarter 2022 ("Q1 2022") net income to common shareholders of $74.9 million, or $2.18 per diluted share, up from first quarter 2021 ("Q1 2021") net income to common shareholders of $33.2 million, or $1.01 per diluted share. Q1 2022 core earnings were $75.2 million, or $2.19 per diluted share, up from Q1 2021 core earnings of $70.3 million, or $2.14 per diluted share (non-GAAP measures). Q1 2022 core earnings (excluding PPP) were $50.5 million, or $1.47 per diluted share, up from Q1 2021 core earnings (excluding PPP) of $45.2 million, or $1.38 per diluted share (non-GAAP measures). Adjusted pre-tax pre-provision net income was $112.4 million for Q1 2022 compared to $86.8 million for Q1 2021 (non-GAAP measures). Net interest margin, tax equivalent ("NIM") was 3.60% for Q1 2022, up from 3.00% for Q1 2021 (non-GAAP measures). Excluding PPP, NIM was 3.32% for Q1 2022 up from 2.99% for Q1 2021 (non-GAAP measures).

(April 20, 2022) - Customers Bancorp, Inc. (NYSECUBI), has released its Environmental, Social and Governance (ESG) Report for calendar year 2021. The report can be reviewed and downloaded from the Customers Bank Investor Relations webpage.

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Thursday, April 28, 2022, to report its earnings results for the three months ending March 31, 2022. The call will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Chief Financial Officer Carla Leibold, and Chief Credit Officer Andrew Bowman.

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank, ranked third in performance in S&P Global Market Intelligence’s newly created list of top-performing publicly-traded U.S. public banks with more than $10 billion in total assets at year-end 2021.

Customers Bancorp, Inc. (NYSECUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.333922 per share. The dividend is payable on March 15, 2022, to shareholders of record on February 28, 2022.

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively, “Customers”) has expanded its Board of Directors and appointed retired Army Brigadier General Bernard B. Banks, now the Associate Dean, Leadership Development and Inclusion and Clinical Professor of Management at Northwestern University’s Kellogg School of Management; and Robert N. Mackay, CEO of Regnology, a leader in banking compliance technology for the largest European markets. Each of Dr. Banks and Mr. Mackay also currently serves as a director of Customers Bank.

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively, “Customers”) has expanded its Board of Directors and appointed retired Army Brigadier General Bernard B. Banks, now the Associate Dean, Leadership Development and Inclusion and Clinical Professor of Management at Northwestern University’s Kellogg School of Management; and Robert N. Mackay, CEO of Regnology, a leader in banking compliance technology for the largest European markets. Please insert this sentence at the very end of the first paragraph: Each of Dr. Banks and Mr. Mackay also currently serves as a director of Customers Bank.

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively "Customers" or "CUBI"), today reported fourth quarter 2021 ("Q4 2021") net income to common shareholders of $98.6 million, or $2.87 per diluted share, resulting in record full year 2021 ("FY 2021") net income to common shareholders of $300.1 million, or $8.91 per diluted share. Q4 2021 core earnings (a non-GAAP measure) was $100.1 million, or $2.92 per diluted share, resulting in record FY 2021 core earnings (a non-GAAP measure) of $343.6 million, or $10.20 per diluted share. Adjusted pre-tax pre-provision net income was $129.3 million for Q4 2021 and $469.8 million for FY 2021 (non-GAAP measures). Net interest margin, tax equivalent ("NIM") was 4.14% for Q4 2021 and 3.70% for FY 2021 (non-GAAP measures). Excluding PPP, NIM was 3.12% for Q4 2021 and 3.16% for FY 2021 (non-GAAP measures).

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EST on Tuesday, January 25, 2022, to report its earnings results for the three months ending December 31, 2021, and for the year-end 2021. The call will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Chief Financial Officer Carla Leibold, and Chief Credit Officer Andrew Bowman.

Customers Bancorp, Inc. (NYSECUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.33215 per share. The dividend is payable on December 15, 2021 to shareholders of record on November 30, 2021.

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively "Customers" or "CUBI"), today reported third quarter 2021 ("Q3 2021") net income to common shareholders of $110.2 million, or $3.25 per diluted share, significantly up from second quarter 2021 ("Q2 2021") net income to common shareholders of $58.0 million, or $1.72 per diluted share. Core earnings for Q3 2021 totaled $113.9 million, or $3.36 per diluted share compared to Q2 2021 core earnings of $59.3 million, or $1.76 per diluted share (non-GAAP measures). Adjusted pre-tax pre-provision net income was $167.2 million for Q3 2021 compared to $86.5 million for Q2 2021 (non-GAAP measures). Net interest margin, tax equivalent ("NIM") increased to 4.59% for Q3 2021 from 2.98% in Q2 2021.

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Thursday, October 28, 2021, to report its earnings results for the three months ending September 30, 2021. The call will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Chief Financial Officer Carla Leibold, and Chief Credit Officer Andrew Bowman.

Customers Bancorp, Inc. (NYSECUBI) announced today that its Board of Directors authorized a new share repurchase plan to repurchase up to 10% of its outstanding common stock as of June 30, 2021 over a one-year period.

Customers Bancorp, Inc. (NYSECUBI) announced today that on September 15, 2021, it will redeem all 2,300,000 shares (the “Redeemed Series C Preferred Shares") of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (ticker “CUBIPrC”) (the “Series C Preferred Stock”). The redemption price will be equal to $25 per Redeemed Series C Preferred Share. After giving effect to the redemption, no shares of the Series C Preferred Stock will remain outstanding.

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively the "Company" or "Customers"), today announced the closing of its underwritten public offering of $100 million aggregate principal amount of its 2.875% Fixed-to-Floating Rate Senior Notes due 2031 (the “Notes”). Interest on the Notes will accrue at a fixed rate equal to 2.875% per annum from the original issue date to, but excluding, August 15, 2026, payable semiannually in arrears, and a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term SOFR (as defined in the Notes), plus a spread of 235 basis points from, and including, August 15, 2026, payable quarterly in arrears. The Notes were offered to the public at 100% of their principal amount.

Customers Bancorp, Inc. (NYSECUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE: CUBIPrC) of $0.34620622 per share. The dividend is payable on September 15, 2021 to shareholders of record on August 31, 2021.

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively "Customers" or "CUBI"), today reported second quarter 2021 ("Q2 2021") net income to common shareholders of $58.0 million, or $1.72 per diluted share, up from first quarter 2021 ("Q1 2021") net income to common shareholders of $33.2 million, or $1.01 per diluted share. Q1 2021 results included a net loss from discontinued operations of $38.0 million, which reduced GAAP earnings by $1.16 per diluted share, resulting from the divestiture of BankMobile Technologies, Inc. on January 4, 2021. Core earnings for Q2 2021 totaled $59.3 million, or $1.76 per diluted share compared to Q1 2021 core earnings of $70.3 million, or $2.14 per diluted share (non-GAAP measures). Adjusted pre-tax pre-provision net income was $86.5 million for Q2 2021 compared to $86.8 million for Q1 2021 (non-GAAP measures). Net interest margin, tax equivalent ("NIM") remained stable at 3% for Q2 2021 and Q1 2021. Excluding PPP loans, NIM expanded 31 basis points in Q2 2021 as compared to Q1 2021, largely benefiting from the balance sheet restructuring that occurred in Q1 2021, further reductions in deposit costs and disciplined pricing strategy (non-GAAP measures).

Customers Bancorp, Inc. (NYSECUBI) announced today that Andrew B. Sachs, an attorney with nearly 13 years of experience in the areas of securities and corporate law with a focus on advising companies and their boards on a variety of growth and expansion issues, has joined as Executive Vice President, General Counsel and Corporate Secretary. He replaces Michael A. DeTommaso, who is retiring from these roles. DeTommaso will remain with the bank as a Senior Legal Advisor through year’s end to assist with the transition.

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Thursday, July 29, 2021, to report its earnings results for the three months ending June 30, 2021. The call will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp Head of Corporate Development and Customers Bank President & CEO Sam Sidhu, Chief Financial Officer Carla Leibold, and Chief Credit Officer Andrew Bowman.

Customers Bancorp, Inc. (NYSECUBI) announced the Board of Directors declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE: CUBIPrC) of $0.350359 per share. The dividend is payable on June 15, 2021 to shareholders of record on May 31, 2021.

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively "Customers" or "CUBI"), today reported first quarter 2021 ("Q1 2021") net income to common shareholders of $33.2 million, or $1.01 per diluted share, down from fourth quarter 2020 ("Q4 2020") net income to common shareholders of $52.8 million, or $1.65 per diluted share. Q1 2021 results included a net loss from discontinued operations of $38.0 million, which reduced GAAP earnings by $1.16 per diluted share. Core earnings for Q1 2021 totaled $70.3 million, or $2.14 per diluted share, up from Q4 2020 core earnings of $54.6 million, or $1.71 per diluted share (non-GAAP measures). Net interest margin, tax equivalent ("NIM") expanded 22 basis points during Q1 2021 to 3.00% from 2.78% in Q4 2020 (non-GAAP measures).

Customers Bancorp, Inc. (NYSECUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EDT on Thursday, April 29, 2021, to report its earnings results for the three months ending March 31, 2021. The call will be conducted by Chair & CEO Jay Sidhu, President & COO Dick Ehst, Head of Corporate Development Sam Sidhu (who, it has been announced, will become President of Customers Bancorp and President & CEO of Customers Bank on July 1), Chief Financial Officer Carla Leibold, and Chief Credit Officer Andrew Bowman.