Customers Bancorp (CUBI) Company Report

Customers Bancorp, Inc. issued $100,000,000 aggregate principal amount of 6.875% Fixed-to-Floating Rate Subordinated Notes due 2036 on December 22, 2025.
The Notes will bear a fixed interest rate of 6.875% per annum, payable semi-annually, from December 22, 2025, until January 15, 2031.
From January 15, 2031, the interest rate will become floating, equal to the Benchmark (expected to be Three-Month Term SOFR) plus 342 basis points, payable quarterly.
These Notes are subordinated obligations, ranking junior to existing and future senior indebtedness, and are redeemable at the Company's option beginning January 15, 2031.

1 day ago

Customers Bancorp, Inc. Completes $100 Million Subordinated Notes Offering

CUBI

Debt Issuance

New Projects/Investments

Customers Bancorp, Inc. (CUBI) completed an underwritten public offering of $100,000,000 in 6.875% Fixed-to-Floating Rate Subordinated Notes due 2036 on December 15, 2025.
The offering generated estimated net proceeds of approximately $98,000,000, which CUBI intends to use for general corporate purposes, including the potential redemption of existing 2029 Subordinated Notes, funding organic growth, and future acquisitions.
The Notes will pay a fixed interest rate of 6.875% until January 15, 2031, then transition to a floating rate of the Benchmark rate plus 342 basis points until their January 15, 2036 maturity.

6 days ago

Customers Bancorp, Inc. Declares Dividend and Announces Preferred Stock Redemption

CUBI

Dividends

Customers Bancorp, Inc. declared a quarterly cash dividend of $0.5726314 per share on its Series F Preferred Stock, payable on December 15, 2025, to shareholders of record on November 30, 2025.
The company announced the full redemption of all 3,400,000 shares ($85.0 million) of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F, with the redemption date set for December 15, 2025.
The cash redemption price for each Series F Preferred Stock share will be $25, and following this action, no shares of Series F Preferred Stock will remain outstanding.
This redemption, involving preferred stock with a current declared dividend rate of 9.06%, is intended to enhance the efficiency of the company's funding and capital structure and improve long-term profitability.

Oct 31, 2025, 8:33 PM

Customers Bancorp Declares Dividend and Announces Full Redemption of Series F Preferred Stock

CUBI

Dividends

Customers Bancorp, Inc. declared a quarterly cash dividend of $0.5726314 per share on its Series F Preferred Stock, payable on December 15, 2025.
The company announced the full redemption of all 3,400,000 shares ($85.0 million) of its Series F Preferred Stock, with a redemption date of December 15, 2025.
The redemption price is $25 per share, for stock that had a current declared dividend rate of 9.06%.
This redemption aims to enhance the efficiency of the company's funding and capital structure, optimize capitalization, and improve long-term profitability.