Customers Bancorp Deserves To Climb Higher From Here
Customers Bancorp remains a soft 'Buy' as profitability improves and valuation stays compelling despite modest recent underperformance versus the S&P 500. CUBI's deposit base and loan portfolio continue to grow, with management leveraging up and reducing liquidity to pursue higher-yielding opportunities. Net interest margin contracted to 3.17%, but net interest income and net profits rose significantly year over year, supported by strong asset and credit quality.