Recent News
On September 3, 2025 Customers Bancorp launched and priced a $150.0 million voting common stock offering at $68.50 per share. On October 30, 2025 the company declared a quarterly cash dividend on its Series F preferred and announced full redemption of all Series F preferred shares, with a December 15, 2025 redemption date. In early November 2025 several analysts raised price targets and maintained predominantly buy/hold views, and on November 24, 2025 the stock’s Relative Strength rating received an upgrade.
Technical Analysis
Directional indicators (ADX / DI+ / DI-): ADX at 15.71 indicates no established trend; DI+ shows a dip-and-reversal, which reads as a bullish reacceleration, while DI- decreasing further supports bullish directional pressure. Together, momentum currently favors upside attempts but lacks strong trend strength.
MACD: MACD at 0.37 sits above its signal line at 0.13 and the MACD series shows a dip-and-reversal pattern, signaling a return of bullish momentum that aligns with recent positive directional indicator shifts and supports the possibility of near-term upside toward WMDST’s valuation anchors.
MRO (Momentum/Regression Oscillator): MRO at 24.4 registers positive, indicating the price sits above the model target and implies potential mean-reversion downward pressure; the MRO’s dip-and-reversal shows recent upward momentum in the oscillator itself, creating a tension between momentum and mean-reversion signals that may compress short-term range.
RSI and momentum breadth: RSI at 52.79 with a dip-and-reversal indicates regained buying momentum without overbought conditions, consistent with MACD and DI+ behavior and supporting a constructive near-term price bias while trend strength remains muted.
Price vs. moving averages and bands: Current close at $68.90 lies above the 20-day ($66.85), 50-day ($66.20) and 200-day ($59.00) averages, with the close near the 1x upper Bollinger band ($68.92). That placement suggests momentum-driven price leadership but low ADX cautions against assuming a durable breakout; volume current at 127,732 lags 10/50/200-day averages, signaling limited participation behind the move.
Fundamental Analysis
Earnings and estimates: Trailing EPS stands at $2.20 versus an estimate of $1.93, producing an EPS surprise of +14.0%. Forward EPS reads $1.535 with a forward P/E of 42.14, while the reported P/E is $29.37; the P/E contracted QoQ by -6.85% and YoY by -17.64%.
Profitability and returns: Return on assets equals 0.324% and return on equity equals 3.706%; both sit modestly above the industry peer mean values provided (ROA industry peer mean 0.306%, ROE industry peer mean 2.854%), indicating profitability slightly ahead of regional-bank peer averages on the supplied basis.
Growth and cash flow: Reported revenue growth equals 12.70% (provided as 0.12697), while revenue growth QoQ shows -72.53% and YoY -177.805% in the supplied data fields; earnings growth registers +22.22% overall with a QoQ increase of +31.62% but a negative YoY figure in the supplied fields. Free cash flow yield equals 2.60% (slightly below the industry peer mean of 2.70%), and free-cash-flow growth shows contraction over the recent periods in the supplied data.
Capital structure and leverage: Debt-to-assets stands at 6.09%, marginally above the industry peer mean of 5.60%, while debt-to-equity equals 0.7228 and debt-to-capital 41.96%. Cash on hand totals $4,185,639,000 with operating cash flow at $116,914,000 and free cash flow of $57,438,000; dividend payout remains minimal at 2.65% of earnings and dividend yield at approximately 0.09%.
Valuation context: Book value per share registers $59.83 while price-to-book equals 1.0801, which sits below the industry peer mean book multiple of 1.24713 and below the industry peer median of 1.17214. WMDST values the stock as under-valued based on the provided valuation outputs and company cash-flow and capital metrics.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-10-23 |
| NEXT REPORT DATE: | 2026-01-22 |
| CASH FLOW | Begin Period Cash Flow | $ 3.5 B |
| Operating Cash Flow | $ 116.9 M | |
| Capital Expenditures | $ -59.48 M | |
| Change In Working Capital | $ 13.1 M | |
| Dividends Paid | $ -2.01 M | |
| Cash Flow Delta | $ 682.1 M | |
| End Period Cash Flow | $ 4.2 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 227.9 M | |
| Forward Revenue | $ 39.5 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 1.9 M | |
| Depreciation and Amortization | $ 1.9 M | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 361.5 M | |
| Interest Expense | $ 159.6 M | |
| Net Interest Income | $ 201.9 M | |
| Income Before Tax | $ 100.3 M | |
| Tax Provision | $ 24.6 M | |
| Tax Rate | 24.5 % | |
| Net Income | $ 75.7 M | |
| Net Income From Continuing Operations | $ 75.7 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.93 | |
| EPS Actual | $ 2.20 | |
| EPS Difference | $ 0.27 | |
| EPS Surprise | 13.99 % | |
| Forward EPS | $ 1.53 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 24.3 B | |
| Intangible Assets | $ 3.6 M | |
| Net Tangible Assets | $ 2.1 B | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 4.2 B | |
| Net Receivables | $ 106.4 M | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | $ 50.0 M | |
| Total Current Liabilities | — | |
| Net Debt | — | |
| Total Debt | $ 1.5 B | |
| Total Liabilities | $ 22.1 B | |
| EQUITY | ||
| Total Equity | $ 2.0 B | |
| Retained Earnings | $ 1.5 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 59.83 | |
| Shares Outstanding | 34.164 M | |
| Revenue Per-Share | $ 6.67 | |
| VALUATION | Market Capitalization | $ 2.2 B |
| Enterprise Value | $ 3.7 B | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 16.166 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 11.87 | |
| Asset To Liability | 1.096 | |
| Debt To Capital | 0.42 | |
| Debt To Assets | 0.061 | |
| Debt To Assets QoQ | -7.023 % | |
| Debt To Assets YoY | -6.581 % | |
| Debt To Assets IPRWA | high: 0.165 CUBI: 0.061 mean: 0.056 median: 0.053 low: 0.0 |
|
| Debt To Equity | 0.723 | |
| Debt To Equity QoQ | -12.835 % | |
| Debt To Equity YoY | -14.041 % | |
| Debt To Equity IPRWA | high: 1.525 CUBI: 0.723 mean: 0.51 median: 0.455 low: -0.109 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.08 | |
| Price To Book QoQ | 7.254 % | |
| Price To Book YoY | 19.954 % | |
| Price To Book IPRWA | high: 2.042 mean: 1.247 median: 1.172 CUBI: 1.08 low: 0.284 |
|
| Price To Earnings (P/E) | 29.372 | |
| Price To Earnings QoQ | -6.85 % | |
| Price To Earnings YoY | -17.639 % | |
| Price To Earnings IPRWA | high: 75.793 mean: 42.908 median: 41.768 CUBI: 29.372 low: 9.669 |
|
| PE/G Ratio | 1.322 | |
| Price To Sales (P/S) | 9.685 | |
| Price To Sales QoQ | 9.195 % | |
| Price To Sales YoY | 5.611 % | |
| Price To Sales IPRWA | high: 24.051 mean: 12.82 median: 12.491 CUBI: 9.685 low: 0.117 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 42.144 | |
| Forward PE/G | 1.896 | |
| Forward P/S | 55.956 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.01 | |
| Asset Turnover Ratio QoQ | 8.343 % | |
| Asset Turnover Ratio YoY | 26.494 % | |
| Asset Turnover Ratio IPRWA | high: 0.016 mean: 0.01 median: 0.01 CUBI: 0.01 low: 0.005 |
|
| Receivables Turnover | 2.193 | |
| Receivables Turnover Ratio QoQ | 12.383 % | |
| Receivables Turnover Ratio YoY | 53.335 % | |
| Receivables Turnover Ratio IPRWA | high: 4.407 median: 2.631 mean: 2.617 CUBI: 2.193 low: 0.56 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 41.606 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 41.606 | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 56.945 CUBI: 41.606 mean: 35.694 median: 34.679 low: 20.707 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.261 | |
| CapEx To Depreciation | -31.353 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 3.6 B | |
| Net Invested Capital | $ 3.5 B | |
| Invested Capital | $ 3.5 B | |
| Net Tangible Assets | $ 2.1 B | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 8.155 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 37.74 | |
| Dividend Payout Ratio | 0.026 | |
| Dividend Rate | $ 0.06 | |
| Dividend Yield | 0.001 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 7.58 % | |
| Revenue Growth | 12.697 % | |
| Revenue Growth QoQ | -72.527 % | |
| Revenue Growth YoY | -177.805 % | |
| Revenue Growth IPRWA | high: 23.369 % CUBI: 12.697 % mean: 4.879 % median: 4.033 % low: -9.66 % |
|
| Earnings Growth | 22.222 % | |
| Earnings Growth QoQ | 31.624 % | |
| Earnings Growth YoY | -320.741 % | |
| Earnings Growth IPRWA | high: 63.889 % CUBI: 22.222 % median: 8.511 % mean: 7.788 % low: -37.5 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 57.4 M | |
| Free Cash Flow Yield | 2.602 % | |
| Free Cash Flow Yield QoQ | -66.335 % | |
| Free Cash Flow Yield YoY | 213.117 % | |
| Free Cash Flow Yield IPRWA | high: 9.814 % mean: 2.701 % median: 2.661 % CUBI: 2.602 % low: -3.401 % |
|
| Free Cash Growth | -58.575 % | |
| Free Cash Growth QoQ | -173.232 % | |
| Free Cash Growth YoY | -74.139 % | |
| Free Cash Growth IPRWA | high: 435.53 % mean: 17.858 % median: 4.44 % CUBI: -58.575 % low: -394.679 % |
|
| Free Cash To Net Income | 0.758 | |
| Cash Flow Margin | 31.914 % | |
| Cash Flow To Earnings | 0.96 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.05 | |
| Return On Assets (ROA) | 0.324 % | |
| Return On Assets QoQ | 19.557 % | |
| Return On Assets YoY | 47.273 % | |
| Return On Assets IPRWA | high: 0.657 % CUBI: 0.324 % mean: 0.306 % median: 0.301 % low: 0.027 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.037 | |
| Return On Equity QoQ | 8.331 % | |
| Return On Equity YoY | 31.886 % | |
| Return On Equity IPRWA | high: 0.052 CUBI: 0.037 median: 0.03 mean: 0.029 low: 0.002 |
|
| DuPont ROE | 3.961 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |