Customers Bancorp Inc

NYSE CUBI

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Customers Bancorp Inc Retention Ratio 1 year YoY Change (%) for the year ending December 31, 2023: -1.84%

Customers Bancorp Inc Retention Ratio 1 year YoY Change (%) is -1.84% for the year ending December 31, 2023, a -174.13% change year over year. The retention ratio, also known as the plowback ratio, measures the proportion of a company's earnings that are retained after paying dividends. It is calculated by dividing the net income minus dividends paid by the net income. This ratio indicates the percentage of earnings that are reinvested back into the company rather than being distributed to shareholders as dividends. A higher retention ratio suggests a higher level of reinvestment, indicating potential future growth opportunities. The measure "Change (%)" refers to the percentage change in the value of a financial metric between two time points. This measure provides a relative perspective on the magnitude of change.

Customers Bancorp Inc Retention Ratio for the year ending December 31, 2022 was 95.91%, a -0.67% change year over year.
Customers Bancorp Inc Retention Ratio for the year ending December 31, 2021 was 96.56%, a 8.03% change year over year.
Customers Bancorp Inc Retention Ratio for the year ending December 31, 2020 was 89.38%, a 9.31% change year over year.
Customers Bancorp Inc Retention Ratio for the year ending December 31, 2019 was 81.77%, a 2.43% change year over year.

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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