Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred Stock

Rhea-AI Summary

Customers Bancorp (NYSE:CUBI) has declared quarterly cash dividends on two preferred stock series. The Series E preferred stock will receive $0.65395191 per share, while Series F will receive $0.63006441 per share. Both dividends are payable on December 16, 2024, to shareholders of record on November 30, 2024. The company, with nearly $21 billion in assets, ranks among the top 80 largest bank holding companies in the U.S. and has received notable recognition, including the No. 1 position on American Banker 2024's list of top-performing banks with $10B to $50B in assets.

Positive

• Ranked No. 1 on American Banker 2024 list for banks with $10B-$50B assets
• Substantial asset base of nearly $21 billion
• Ranked No. 29 on Forbes 2024 Best Banks list
• Ranked No. 52 on Investor's Business Daily 100 Best Stocks for 2023

Negative

• None.

WEST READING, Pa.--(BUSINESS WIRE)-- Customers Bancorp, Inc. (NYSE:CUBI) 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.

The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (NYSE: CUBIPrF) of $0.63006441 per share. The dividend is payable on December 16, 2024, to shareholders of record on November 30, 2024.

Institutional Background
Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation’s top-performing banking companies with nearly $21 billion in assets, making it one of the 80 largest bank holding companies in the U.S. Customers Bank’s commercial and consumer clients benefit from a full suite of technology-enabled tailored product experiences delivered by best-in-class customer service distinguished by a Single Point of Contact approach. In addition to traditional lines such as C&I lending, commercial real estate lending and multifamily lending, Customers Bank also provides a number of national corporate banking services to specialized lending clients. Major accolades include:

No. 1 on American Banker 2024 list of top-performing banks with $10B to $50B in assets
No. 29 out of the 100 largest publicly traded banks in 2024 Forbes Best Banks list
No. 52 on Investor’s Business Daily 100 Best Stocks for 2023

A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender. Learn more: www.customersbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241024149841/en/

David Patti, Communications Director 610-451-9452

Source: Customers Bancorp, Inc.

FAQ

What is the dividend amount for Customers Bancorp Series E preferred stock (CUBI PrE) in December 2024?

Customers Bancorp will pay $0.65395191 per share for Series E preferred stock on December 16, 2024.

What is the dividend amount for Customers Bancorp Series F preferred stock (CUBI PrF) in December 2024?

Customers Bancorp will pay $0.63006441 per share for Series F preferred stock on December 16, 2024.

What is the record date for Customers Bancorp's (CUBI) December 2024 preferred stock dividends?

The record date for both Series E and Series F preferred stock dividends is November 30, 2024.

What is Customers Bancorp's (CUBI) current asset size in 2024?

Customers Bancorp has nearly $21 billion in assets, making it one of the 80 largest bank holding companies in the U.S.