Insider Chart Past 6 Months
Technical Chart
Filings by transaction date
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Mar 22, 2024 (filed on Mar 26, 2024)Insider Name:Sidhu Jay SOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-1,249Price:$51.96
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Mar 22, 2024 (filed on Mar 26, 2024)Insider Name:Velasquez Jessie John DeanoOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-81Price:$51.96
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Mar 22, 2024 (filed on Mar 26, 2024)Insider Name:Cunningham LyleOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-342Price:$51.96
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Mar 22, 2024 (filed on Mar 26, 2024)Insider Name:Leibold Carla AOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-808Price:$51.96
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Mar 22, 2024 (filed on Mar 26, 2024)Insider Name:Sidhu Samvir S.Ownership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-879Price:$51.96
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Mar 22, 2024 (filed on Mar 26, 2024)Insider Name:Watkins PhilipOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-278Price:$51.96
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Mar 22, 2024 (filed on Mar 26, 2024)Insider Name:Hedde GlennOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-348Price:$51.96
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Mar 15, 2024 (filed on Mar 18, 2024)Insider Name:Velasquez Jessie John DeanoOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:1,410Price:$49.66
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Mar 15, 2024 (filed on Mar 18, 2024)Insider Name:Cheney Joan PatriciaOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:1,903Price:$49.66
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Mar 15, 2024 (filed on Mar 18, 2024)Insider Name:Watkins PhilipOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:4,229Price:$49.66
Filings by filing date
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Mar 22, 2024 (filed on Mar 26, 2024)Insider Name:Sidhu Jay SOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-1,249Price:$51.96
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Mar 22, 2024 (filed on Mar 26, 2024)Insider Name:Velasquez Jessie John DeanoOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-81Price:$51.96
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Mar 22, 2024 (filed on Mar 26, 2024)Insider Name:Cunningham LyleOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-342Price:$51.96
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Mar 22, 2024 (filed on Mar 26, 2024)Insider Name:Leibold Carla AOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-808Price:$51.96
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Mar 22, 2024 (filed on Mar 26, 2024)Insider Name:Sidhu Samvir S.Ownership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-879Price:$51.96
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Mar 22, 2024 (filed on Mar 26, 2024)Insider Name:Watkins PhilipOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-278Price:$51.96
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Mar 22, 2024 (filed on Mar 26, 2024)Insider Name:Hedde GlennOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-348Price:$51.96
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Mar 15, 2024 (filed on Mar 18, 2024)Insider Name:Velasquez Jessie John DeanoOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:1,410Price:$49.66
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Mar 15, 2024 (filed on Mar 18, 2024)Insider Name:Cheney Joan PatriciaOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:1,903Price:$49.66
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Mar 15, 2024 (filed on Mar 18, 2024)Insider Name:Watkins PhilipOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:4,229Price:$49.66
News
Biz Brief
Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 701 Reading Avenue WEST READING PA 19611 |
Tel: | N/A |
Website: | https://www.customersbank.com |
IR: | See website |
Key People | ||
Jay S. Sidhu Chairman of the Board, Chief Executive Officer | Samvir S. Sidhu President, Vice Chairman of the Board; President, Chief Executive Officer of Customers Bank | Carla A. Leibold Chief Financial Officer, Executive Vice President | Lyle P. Cunningham Executive Vice President, Chief Lending Officer and Head of Corporate and Specialized Banking |
Business Overview |
Customers Bancorp, Inc. is a bank holding company, which is engaged in banking activities through its subsidiary, Customers Bank (the Bank). The Bank provides banking products, primarily loans and deposits, to businesses and consumers through its branches, limited production offices and administrative offices in Berks County and Southeastern Pennsylvania, New York, Hamilton, New Jersey, Boston, Massachusetts, and other geographies. The Bank administratively supports loans and other financial products, including equipment finance leases, to customers. It also offers venture banking loan portfolios. The Bank serves specialty businesses nationwide, including its commercial loans to mortgage companies, commercial equipment financing, SBA lending, specialty lending and consumer loans through relationships with fintech companies. The Bank's specialty lending includes fund finance, real estate specialty finance, technology and venture, healthcare, and financial institutions group. |
Financial Overview |
For the fiscal year ended 31 December 2023, Customers Bancorp Inc interest income increased 54% to $1.37B. Net interest income after loan loss provision increased 9% to $612.8M. Net income applicable to common stockholders increased 8% to $235.4M. Net interest income after loan loss provision reflects Provides personal & business banking solutions segment increase from $0K to $612.8M. |
Employees: | 711 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $2,064M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,367M as of Dec 31, 2023 |
EBITDA (TTM): | $461.78M as of Dec 31, 2023 |
Net annual income (TTM): | $235.45M as of Dec 31, 2023 |
Free cash flow (TTM): | $68.75M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $260.86M as of Dec 31, 2023 |
Shares outstanding: | 31,484,886 as of Feb 26, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |