Meta Platforms earnings missed by $5.63, revenue topped estimates
Investing.com - DA Davidson raised its price target on Customers Bancorp (NYSE:CUBI) to $88.00 from $77.00 on Monday, while maintaining a Buy rating on the stock. The new target represents significant upside from the current price of $70.11, with the stock already trading near its 52-week high of $72.51.
The price target increase follows what DA Davidson described as "a very strong quarter" for the bank, which prompted Customers Bancorp to raise its full-year guidance on net interest income and loan growth. According to InvestingPro data, the company’s strong performance is reflected in its 27.82% return over the past six months, with three analysts recently revising their earnings estimates upward.
DA Davidson noted that Customers Bancorp is transforming its deposit franchise, generating $1.4 billion of deposits in the third quarter through a combination of new banking teams and cubiX clients.
The bank completed a successful secondary offering that raised approximately $163 million, which increased its CET1 ratio by 95 basis points to 13.0%, providing "plenty of capital flexibility," according to DA Davidson.
The firm also highlighted that Customers Bancorp’s credit quality "remains stable at strong levels," and suggested that the bank’s current valuation discount should narrow as it positions itself for stronger balance sheet growth and higher profitability. For detailed insights into CUBI’s valuation metrics and growth potential, investors can access the full financial health analysis and additional ProTips through InvestingPro’s comprehensive research report.
In other recent news, Customers Bancorp Inc. reported its third-quarter 2025 earnings, which exceeded analyst expectations. The company achieved an earnings per share (EPS) of $2.20, surpassing the forecasted $1.90, representing a 15.79% surprise. Additionally, Customers Bancorp’s revenue reached $232.1 million, exceeding the projected $215.13 million by 7.89%. These results indicate a strong performance for the quarter. Analysts had anticipated lower figures, but the company’s actual results proved more robust. There were no reports of mergers or acquisitions involving Customers Bancorp in the recent period. Furthermore, there were no recent upgrades or downgrades from analyst firms. This series of developments highlights the company’s favorable financial performance in the third quarter.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.