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

Reuters
05-15
<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.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10