Customers Bancorp Inc

NYSE CUBI

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Customers Bancorp Inc Research and Development (R&D) Expenses 2 year CAGR for the quarter ending September 19, 2024

Customers Bancorp Inc Research and Development (R&D) Expenses 2 year CAGR is NA for the quarter ending September 19, 2024. Research and Development (R&D) Expenses consist of the costs associated with the development of new products, technologies, or improvements to existing products. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
NYSE: CUBI

Customers Bancorp Inc

CEO Mr. Jay S. Sidhu
IPO Date Feb. 21, 2012
Location United States
Headquarters 701 Reading Avenue, West Reading, PA, United States, 19611
Employees 732
Sector Financial Services
Industry Banks - regional
Description

Customers Bancorp, Inc. operates as the bank holding company for Customers Bank that provides financial products and services to individual consumers, and small and middle market businesses. The company provides deposit banking products, which includes commercial and consumer checking, non-interest-bearing and interest-bearing demand, MMDA, savings, and time deposit accounts. Its lending business offers commercial and industrial, commercial real estate, and multifamily and residential mortgage loans; SBA lending and financing; specialty lending includes fund finance, real estate specialty finance, technology and venture, and healthcare and financial institutions group; commercial loans to mortgage companies, and commercial equipment financing; and fund finance, such as variable rate loans secured by collateral pools to private debt funds; and cash management services. In addition, the company provides digital banking including Banking-as-a-Service to fintech companies, payments and treasury services to businesses, and consumer loans through fintech companies and the TassatPay, a blockchain-based instant B2B payments platform which offers instant payments including over-the-counter desks, exchanges, liquidity providers, market makers, funds, and other B2B verticals. Further, it offers mobile phone and internet banking, wire transfers, electronic bill payment, lock box, remote deposit capture, courier, merchant processing, cash vault, controlled disbursements, positive pay, and cash management services, such as account reconciliation, collections, and sweep accounts. The company was incorporated in 2010 and is headquartered in West Reading, Pennsylvania.

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StockViz Staff

September 19, 2024

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