NYSE$CUBI
Customers Bancorp Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported strong results driven by strategic priorities and deposit transformation.
Customers Bancorp reported a strong second quarter in 2024, with net income available to common shareholders of $54.3 million, or $1.66 per diluted share. The company exceeded its CET1 and TCE / TA ratio targets and experienced loan and deposit growth, along with an expansion in net interest margin.
- Net income available to common shareholders was $54.3 million, or $1.66 per diluted share.
- Core earnings were $48.6 million, or $1.49 per diluted share.
- CET 1 ratio was 12.8% and TCE / TA ratio was 7.7% at June 30, 2024, exceeding targets.
- Total loans and leases grew by $375.8 million, and net interest margin was 3.29%.
Headline financials
Revenue & EPS history
Customers Bancorp · Revenue · Quarterly
$199M
Forward guidance
Customers Bancorp is focused on strengthening its deposit franchise, improving profitability, and maintaining strong capital ratios. The company expects deposit pipelines to improve deposit quality, cash flows to be deployed into loan growth, and non-interest expenses to be managed effectively. They anticipate a 10%-15% loan growth.
Tailwinds
- Strengthening deposit franchise
- Improving profitability
- Maintaining strong capital ratios
- Improving deposit quality and mix
- Attractive opportunities to deploy cash
Headwinds
- Managing non-interest expenses
- Managing interest rate risk
- Preserving superior credit quality
- Operating with higher capital ratios
- Maintaining robust liquidity
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+1.5%
Avg return
Earnings day
+1.6%
Avg return
5 days after
+4.2%
Avg return
30 days after
61%
37 / 61 earnings
Positive
+23.2%
Q3 2023
Best reaction
-18.9%
Q2 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.5% | -2.1% | -3.5% | |
| Q4 2025 | -7.8% | -5.8% | -10.2% | |
| Q3 2025 | +7.3% | +2.9% | +0.7% | |
| Q2 2025 | -1.2% | -1.3% | +1.8% | |
| Q1 2025 | -2.9% | -0.7% | +0.8% | |
| Q4 2024 | +13.9% | +13.6% | +5.8% | |
| Q3 2024 | +0.0% | +1.7% | +23.6% | |
| Q2 2024 | +9.2% | +2.8% | -16.7% | |
| Q1 2024 | -6.5% | -8.8% | -9.8% | |
| Q4 2023 | +2.6% | +6.3% | -0.8% | |
| Q3 2023 | +23.2% | +24.6% | +39.8% | |
| Q2 2023 | +0.0% | -2.8% | -17.2% | |
| Q1 2023 | +20.8% | +0.8% | +36.5% | |
| Q4 2022 | -15.3% | -11.0% | -1.4% | |
| Q3 2022 | -4.2% | +1.8% | -2.6% | |
| Q2 2022 | -1.4% | -1.9% | -6.2% | |
| Q1 2022 | +5.4% | +3.1% | -0.4% | |
| Q4 2021 | -4.4% | -6.7% | -4.1% | |
| Q3 2021 | +7.4% | +15.3% | +17.8% | |
| Q2 2021 | -1.9% | -3.7% | +15.3% | |
| Q1 2021 | +1.7% | +7.4% | +16.2% | |
| Q4 2020 | +1.3% | +3.0% | +21.7% | |
| Q3 2020 | +5.3% | +8.6% | +36.9% | |
| Q2 2020 | +9.3% | +6.9% | +18.9% | |
| Q1 2020 | -2.6% | -4.5% | +1.4% | |
| Q4 2019 | +6.0% | +3.3% | +0.0% | |
| Q3 2019 | +4.8% | +11.3% | +11.4% | |
| Q2 2019 | -1.8% | +1.6% | -8.2% | |
| Q1 2019 | -2.9% | +0.4% | -7.6% | |
| Q4 2018 | -3.1% | -2.1% | +7.0% | |
| Q3 2018 | +13.3% | +13.1% | +4.6% | |
| Q2 2018 | -10.0% | -12.8% | -13.3% | |
| Q1 2018 | +3.1% | +1.3% | +5.8% | |
| Q4 2017 | +2.9% | -0.5% | +0.6% | |
| Q3 2017 | -7.6% | -10.3% | -14.0% | |
| Q2 2017 | +0.7% | +4.8% | +0.8% | |
| Q1 2017 | +3.5% | +3.9% | -4.5% | |
| Q4 2016 | +0.1% | -1.0% | +0.4% | |
| Q3 2016 | +7.3% | +6.6% | +22.5% | |
| Q2 2016 | -2.9% | -3.9% | -3.4% | |
| Q1 2016 | +2.0% | — | — | |
| Q4 2015 | +6.5% | — | — | |
| Q3 2015 | -2.1% | — | — | |
| Q2 2015 | -18.9% | — | — | |
| Q1 2015 | +3.2% | — | — | |
| Q4 2014 | +3.3% | — | — | |
| Q3 2014 | +4.2% | — | — | |
| Q2 2014 | +4.4% | — | — | |
| Q1 2014 | +0.5% | — | — | |
| Q2 2013 | +0.4% | — | — | |
| Q4 2013 | +0.4% | — | — | |
| Q3 2013 | +1.1% | — | — | |
| Q1 2013 | -1.0% | — | — | |
| Q4 2012 | +1.2% | — | — | |
| Q2 2012 | +1.2% | — | — | |
| Q3 2012 | -8.5% | — | — | |
| Q2 2011 | +0.0% | — | — | |
| Q1 2012 | +13.6% | — | — | |
| Q1 2011 | +13.6% | — | — | |
| Q4 2011 | +0.0% | — | — | |
| Q4 2009 | +0.0% | — | — | |
| Q3 2010 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q3 2011 | — | — | — |
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