Customers Bancorp launches $150 million common stock offering

WEST READING, Pa. - Customers Bancorp, Inc. (NYSE:CUBI) announced Wednesday the launch of an underwritten public offering of $150 million of its voting common stock. The banking holding company, currently trading near its 52-week high at $72.43 with a market capitalization of $2.29 billion, will grant underwriters a 30-day option to purchase additional shares, according to a press release statement. According to InvestingPro data, the stock has delivered an impressive 47% return year-to-date.

Morgan Stanley, Keefe, Bruyette & Woods, and Raymond James & Associates are serving as joint book-running managers for the offering.

The company plans to use the net proceeds for general corporate purposes to support organic growth. Potential uses include refinancing or reducing debt, repurchasing common stock, redeeming preferred stock, providing regulatory capital to subsidiaries, and funding possible investments or acquisitions.

The offering is being made through a registration statement on Form S-3 that became effective on September 3, 2025.

Customers Bancorp operates through its banking subsidiary, Customers Bank, and has over $22 billion in assets, making it one of the 80 largest bank holding companies in the United States. The bank provides commercial and consumer banking services, including commercial real estate lending, multifamily lending, and specialized national corporate banking services.

The stock offering announcement comes as the company continues its expansion in the banking sector. The transaction is subject to market conditions and other factors, with no assurance regarding the timing or completion of the offering.

In other recent news, Customers Bancorp reported strong financial results for the second quarter of 2025, with earnings per share (EPS) of $1.80. This figure significantly exceeded analysts’ expectations of $1.53 and surpassed consensus estimates of $1.54. The company’s revenue also outperformed projections, reaching $206.31 million compared to the anticipated $197.19 million. Following these results, Stephens raised its price target for Customers Bancorp to $62, maintaining an Equal Weight rating. The bank’s quarterly performance was marked by a 14 basis point increase in net interest margin and better-than-expected fee income. Additionally, the company reported lower loan loss provisions, contributing to its robust earnings. These developments highlight Customers Bancorp’s strong position in the current financial landscape.

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