05:39 PM EDT, 09/03/2025 (MT Newswires) -- Customers Bancorp ( CUBI ) said Wednesday it has initiated a public offering of $150 million of its voting common stock.

The company said it intends to use proceeds from the offering for general corporate purposes, which includes refinancing, reducing or repaying debt and repurchasing shares of voting common stock.

Shares were down over 5% in recent after hours trading.