Lincoln Property Company Acquires 350,000-SF San Diego Office Campus

Customers Bancorp has priced its underwritten public offering of approximately 2.19 million shares of voting common stock at $68.50 per share, resulting in gross proceeds of approximately $150 million. The stock price dropped around 6% following the announcement. Customers Bancorp operates through its wholly owned banking subsidiary, Customers Bank.

Customers Bancorp, Inc. (NYSE: CUBI) has priced its underwritten public offering of approximately 2.19 million shares of voting common stock at $68.50 per share, resulting in gross proceeds of approximately $150 million. The stock price dropped around 6% following the announcement.

The offering comes at a time when the stock is trading near its 52-week high of $72.51, following a 42% gain over the past six months. The bank holding company has also granted underwriters a 30-day option to purchase up to an additional 328,467 shares at the same price [1].

Morgan Stanley, Keefe, Bruyette & Woods, and Raymond James & Associates are serving as joint book-running managers for the offering, with B. Riley Securities, D.A. Davidson & Co., Hovde Group, and Maxim Group acting as co-managers [1]. The net proceeds from the offering will be used for general corporate purposes to support organic growth, which may include debt refinancing, share repurchases, preferred stock redemption, regulatory capital investments in subsidiaries, and potential acquisitions [1].

The stock offering is expected to close on or about September 5, 2025, subject to customary closing conditions [1]. Customers Bancorp operates through its wholly owned 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 company maintains a "GOOD" financial health rating according to InvestingPro’s comprehensive analysis [1].

Following the announcement of the stock offering, the stock has dropped around 6% [2]. The offering is being made pursuant to a registration statement on Form S-3 that became effective on September 3, 2025 [2]. In other recent news, Customers Bancorp reported strong second-quarter 2025 earnings, significantly surpassing expectations. The company achieved an earnings per share (EPS) of $1.80, exceeding the forecast of $1.53 and consensus estimates of $1.54 [2].

The offering highlights the company’s recent financial and strategic activities, including its strong earnings performance and capital raise. The stock offering is expected to be used to reduce debt, repurchase shares, and fund growth, including fintech loan expansion and potential M&A [3].

References:
[1] https://www.investing.com/news/company-news/customers-bancorp-prices-150-million-common-stock-offering-at-6850-93CH-4223279
[2] https://www.morningstar.com/news/business-wire/20250903115079/customers-bancorp-inc-announces-pricing-of-voting-common-stock-offering
[3] https://www.ainvest.com/news/customers-bancorp-strategic-capital-raise-catalyst-growth-risk-shareholder-2509/