Customers Bancorp Inc. Announces Full Redemption of Series E Preferred Stock, Enhancing Capital Structure Efficiency

Reuters

15 May

<a href="https://laohu8.com/S/CUBI">Customers Bancorp Inc.</a> Announces Full Redemption of Series E Preferred Stock, Enhancing Capital Structure Efficiency

Customers Bancorp Inc. announced the full redemption of its Series E Preferred Stock, consisting of 2,300,000 shares valued at $57.5 million. The redemption, set for June 16, 2025, aligns with the company's strategy to enhance capital efficiency and profitability. The Series E shares, which carried a dividend rate of 9.70%, will be redeemed at $25 per share. This move is expected to increase earnings per share by an annualized 12 cents. After the redemption, no Series E shares will remain outstanding, and dividends will no longer accrue. Holders of record as of May 31, 2025, will receive the final quarterly dividend on the redemption date.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Customers Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001488813-25-000044), on May 14, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Announces Full Redemption of Series E Preferred Stock, Enhancing Capital Structure Efficiency","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/CUBI\">Customers Bancorp Inc.</a> Announces Full Redemption of Series E Preferred Stock, Enhancing Capital Structure Efficiency\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/CUBB\">Customers Bancorp Inc</a>. announced the full redemption of its Series E Preferred Stock, consisting of 2,300,000 shares valued at $57.5 million. The redemption, set for June 16, 2025, aligns with the company's strategy to enhance capital efficiency and profitability. The Series E shares, which carried a dividend rate of 9.70%, will be redeemed at $25 per share. This move is expected to increase earnings per share by an annualized 12 cents. After the redemption, no Series E shares will remain outstanding, and dividends will no longer accrue. Holders of record as of May 31, 2025, will receive the final quarterly dividend on the redemption date.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Customers Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001488813-25-000044), on May 14, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Customers Bancorp Inc. 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Announces Full Redemption of Series E Preferred Stock, Enhancing Capital Structure Efficiency\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-05-15 04:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/CUBI\">Customers Bancorp Inc.</a> Announces Full Redemption of Series E Preferred Stock, Enhancing Capital Structure Efficiency\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/CUBB\">Customers Bancorp Inc</a>. announced the full redemption of its Series E Preferred Stock, consisting of 2,300,000 shares valued at $57.5 million. The redemption, set for June 16, 2025, aligns with the company's strategy to enhance capital efficiency and profitability. The Series E shares, which carried a dividend rate of 9.70%, will be redeemed at $25 per share. This move is expected to increase earnings per share by an annualized 12 cents. After the redemption, no Series E shares will remain outstanding, and dividends will no longer accrue. Holders of record as of May 31, 2025, will receive the final quarterly dividend on the redemption date.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Customers Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001488813-25-000044), on May 14, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250514:nNDL4RDHtp:1","article_id":"2535001730","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535001730","pubTimestamp":1747254974,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Customers Bancorp Inc. announced the full redemption of its Series E Preferred Stock, consisting of 2,300,000 shares valued at $57.5 million. The redemption, set for June 16, 2025, aligns with the company's strategy to enhance capital efficiency and profitability. The Series E shares, which carried a dividend rate of 9.70%, will be redeemed at $25 per share. This move is expected to increase earnings per share by an annualized 12 cents. After the redemption, no Series E shares will remain outstanding, and dividends will no longer accrue. Holders of record as of May 31, 2025, will receive the final quarterly dividend on the redemption date.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Customers Bancorp Inc. published the original cont","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Customers Bancorp Inc.宣布全额赎回E系列优先股，提高资本结构效率","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CUBI":0.9},"content_text":"Customers Bancorp Inc. Announces Full Redemption of Series E Preferred Stock, Enhancing Capital Structure Efficiency\n    \n\nCustomers Bancorp Inc. announced the full redemption of its Series E Preferred Stock, consisting of 2,300,000 shares valued at $57.5 million. The redemption, set for June 16, 2025, aligns with the company's strategy to enhance capital efficiency and profitability. The Series E shares, which carried a dividend rate of 9.70%, will be redeemed at $25 per share. This move is expected to increase earnings per share by an annualized 12 cents. After the redemption, no Series E shares will remain outstanding, and dividends will no longer accrue. 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ID: 0001488813-25-000044), on May 14, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}