Overview

* Customers Bancorp ( CUBI ) Q3 net income rises to $73.7 mln, reflecting strong financial performance

* Company's net interest margin increases to 3.46%, driven by higher interest income

* Customers Bancorp ( CUBI ) raises $163 mln in common equity, boosting capital strength

Result Drivers

* NET INTEREST MARGIN - Increase driven by higher interest income from loans and leases and higher average non-interest bearing deposit balances

* CAPITAL STRENGTH - $163 mln common equity raise bolsters capital position

* LOAN GROWTH - Specialized lending and consumer installment loans see significant increases

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Core $2.20

EPS

Q3 Net $73.72

Income mln

Q3 CET1 13%

Capital

Ratio

Q3 Core 15.52%

ROCE

Q3 ROCE 15.57%

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for Customers Bancorp Inc ( CUBI ) is $78.50, about 17.2% above its October 21 closing price of $64.97

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)