Customers Bancorp, Inc. Declares Preferred Stock Dividends
Customers Bancorp, Inc. (NYSE:CUBI) has announced a positive step for its investors by declaring a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE). The dividend of $0.61678915 per share highlights the company’s ongoing commitment to providing value to its shareholders. Those who are shareholders of record as of February 28, 2025, will benefit from this dividend, which is set to be payable on March 17, 2025.
Details on the Series F Dividend
In addition to the Series E announcement, the Board of Directors has also declared a quarterly cash dividend for its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (NYSE: CUBIPrF). This dividend amounts to $0.59290165 per share. Similar to the Series E, this dividend will be paid on March 17, 2025, for shareholders of record on February 28, 2025. This consistent dividend provision is a sign of Customers Bancorp's strong financial health and strategic focus.
Company Overview and Market Position
Customers Bancorp, Inc. is recognized as one of the leading banking institutions in the United States. With assets exceeding $22 billion, it ranks among the top 80 largest bank holding companies nationally. The bank offers a wide array of financial products and services, which are especially tailored to meet the needs of both commercial and consumer clients. This includes C&I lending, commercial real estate financing, and multifamily lending, among other sophisticated corporate banking solutions.
Customer-Centric Approach
One of the distinguishing features of Customers Bancorp is its emphasis on best-in-class customer service. The company implements a Single Point of Contact approach, ensuring that clients receive personalized attention and streamlined service. This commitment to exceptional service aids in fostering strong relationships with customers and provides them with a superior banking experience.
Acknowledgment and Accolades
Customers Bancorp has been recognized for its exemplary performance in various categories. It was awarded the number one spot on American Banker’s 2024 list of top-performing banks with assets between $10 billion and $50 billion. Additionally, it earned the 29th position in Forbes' 2024 list of the 100 largest publicly traded banks, underscoring its robust financial foundation. The bank was also included in the 2024 Inc. Magazine Best in Business List in the Financial Services Category, affirming its outstanding industry contributions.
Compliance and Integrity
As a member of the Federal Reserve System, Customers Bancorp is committed to ensuring integrity and compliance within its operations. Furthermore, its deposits are insured by the Federal Deposit Insurance Corporation, providing an additional layer of security for its customers, ensuring they can entrust their financial interactions confidently.
Frequently Asked Questions
What is the amount of the declared dividend for Series E?
The declared dividend for Series E is $0.61678915 per share.
When will the Series F dividend be payable?
The Series F dividend will be payable on March 17, 2025.
What distinguishes Customers Bank's service approach?
The bank uses a Single Point of Contact approach to enhance customer service and relationship management.
What recent award did Customers Bancorp receive from Forbes?
In 2024, Customers Bancorp was ranked 29th on the Forbes list of the 100 largest publicly traded banks.
Is Customers Bancorp's compliance assured?
Yes, Customers Bancorp is a member of the Federal Reserve System and is FDIC insured, ensuring compliance and security for its customers.
