(NYSE:CUBI) WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #Banking--Customers Bancorp, Inc. (NYSE: CUBI) (“Customers” or the “Company”), a holding company that operates through its wholly owned banking subsidiary, Customers Bank (the “Bank”), announced today the pricing of the previously announced underwritten public offering of 2,189,781 shares of its voting common stock, $1.00 per share par value, at a public offering price of $68.50 per share. The gross proceeds to the Company is approximately $150 million. In addition, th
Related Questions
How will the $150 million equity raise and resulting dilution affect CUBI's earnings per share and valuation metrics?
What is the intended use of proceeds from the offering and how will it support the bank's growth or capital adequacy?
How does the pricing at $68.50 per share compare to recent trading levels and to similar bank equity offerings, and what is the likely near‑term impact on the stock price and liquidity?