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USBK - $USBK STOCK NEWS

Welcome to our dedicated page for USBK news (Ticker: $USBK), a resource for investors and traders seeking the latest updates and insights on USBK stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect USBK's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of USBK's position in the market.

Rhea-AI Summary
Customers Bancorp reports strong Q3 2023 results with net income of $83.0 million and core earnings of $83.3 million. Q3 2023 net interest margin increases to 3.70%. Total deposits grow by $244.9 million. Non-interest bearing deposits increase by $268.5 million. Q3 2023 provision for credit losses decreases to $17.1 million. Book value per share and tangible book value per share both grow by $3.31.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.81%
Tags
-
Rhea-AI Summary
Customers Bancorp, Inc. to report Q3 2023 earnings results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.63%
Tags
conferences earnings
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Rhea-AI Summary
Customers Bancorp, Inc. (NYSE:CUBI) has declared a quarterly cash dividend on its Preferred Stock, Series E and F. The dividend for Series E is $0.6831 per share, payable on September 15, 2023, to shareholders of record on August 31, 2023. The dividend for Series F is $0.65895 per share, payable on September 15, 2023, to shareholders of record on August 31, 2023. Customers Bancorp will no longer use three-month LIBOR as a reference rate for determining the dividend rate of the Preferred Stock. The new reference rate will be based on the CME Term SOFR Reference Rate plus a spread. The calculation agent will determine the dividend rate based on the spread and the new reference rate.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.45%
Tags
dividends
Rhea-AI Summary
Customers Bancorp, Inc. (CUBI) reported strong financial results for Q2 2023. Net income available to common shareholders was $44.0 million, or $1.39 per diluted share. The company achieved a CET 1 capital ratio of 10.3% at June 30, 2023. Q2 2023 net interest margin increased to 3.15%, and total deposits grew by $226.8 million. Non-performing assets decreased by 12% compared to the previous quarter. Book value per share and tangible book value per share both grew by $1.08, or 2.6%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.02%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.19%
Tags
conferences earnings
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.67%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
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-
Rhea-AI Summary
Customers Bancorp Holds Virtual Annual Meeting, Elects Directors and Approves Compensation Plan
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.95%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.21%
Tags
dividends
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.1%
Tags
none
USBK

NYSE:USBK

USBK Rankings

USBK Stock Data

Commercial Banking
Finance and Insurance
United States of America