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

Rhea-AI Summary

Customers Bancorp, Inc. (NYSE:CUBI) has declared quarterly cash dividends on its preferred stock series. The Series E preferred stock will receive $0.67876078 per share, while the Series F preferred stock will receive $0.65487329 per share. Both dividends are payable on September 16, 2024, to shareholders of record on August 31, 2024.

Customers Bancorp is a top-performing banking company with nearly $21 billion in assets, ranking among the 80 largest bank holding companies in the U.S. The bank offers a range of services, including C&I lending, commercial real estate lending, and national corporate banking services. Notable achievements include ranking No. 1 on American Banker's 2024 list of top-performing banks with $10B to $50B in assets and No. 29 on Forbes 2024 Best Banks list.

Positive

• Declared quarterly cash dividends for Series E and Series F preferred stock
• Ranked No. 1 on American Banker 2024 list of top-performing banks with $10B to $50B in assets
• Placed No. 29 out of 100 largest publicly traded banks in 2024 Forbes Best Banks list
• Nearly $21 billion in assets, among the 80 largest bank holding companies in the U.S.

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 $0.67876078 per share. The dividend is payable on September 16, 2024, to shareholders of record on August 31, 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 $0.65487329 per share. The dividend is payable on September 16, 2024, to shareholders of record on August 31, 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/20240729107888/en/

David Patti, Communications Director 610-451-9452

Source: Customers Bancorp, Inc.

FAQ

What is the dividend amount for Customers Bancorp's Series E preferred stock (CUBI)?

Customers Bancorp (CUBI) has declared a quarterly cash dividend of $0.67876078 per share for its Series E preferred stock.

When is the dividend payment date for Customers Bancorp's (CUBI) preferred stock?

The dividend for both Series E and Series F preferred stock of Customers Bancorp (CUBI) is payable on September 16, 2024.

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

The record date for Customers Bancorp's (CUBI) preferred stock dividend is August 31, 2024.

How does Customers Bancorp (CUBI) rank on the American Banker 2024 list?

Customers Bancorp (CUBI) ranks No. 1 on the American Banker 2024 list of top-performing banks with $10B to $50B in assets.