Customers Bancorp issues new subordinated fixed-to-floating notes

An announcement from Customers Bancorp ( (CUBI) ) is now available.

On December 22, 2025, Customers Bancorp, Inc. entered into a Second Supplemental Indenture with Wilmington Trust, National Association, to issue $100 million of 6.875% fixed-to-floating rate subordinated notes due 2036, supplementing an existing 2019 indenture. The notes, which are subordinated to the company’s senior and secured indebtedness and structurally subordinated to the liabilities of its subsidiaries, will pay a fixed 6.875% coupon until January 15, 2031 and thereafter a floating rate based on a benchmark expected to be three‑month Term SOFR plus 342 basis points, with interest paid semi-annually during the fixed period and quarterly during the floating period. The notes are callable at par plus accrued interest at the company’s option beginning January 15, 2031, carry no holder put feature before maturity, and are subject to covenants restricting the sale, pledging, issuance, and corporate reorganizations involving equity of material depository subsidiaries, reinforcing structural protections for noteholders within a customary covenant and events-of-default framework.

The most recent analyst rating on (CUBI) stock is a Buy with a $79.00 price target. To see the full list of analyst forecasts on Customers Bancorp stock, see the CUBI Stock Forecast page.

Spark’s Take on CUBI Stock

According to Spark, TipRanks’ AI Analyst, CUBI is a Outperform.

Customers Bancorp’s overall stock score is driven by strong earnings call performance and positive technical indicators. Financial performance is solid, though revenue growth challenges persist. Valuation is fair, but the lack of a dividend yield is a drawback. Corporate events further bolster the company’s strategic position.

To see Spark’s full report on CUBI stock, click here.

More about Customers Bancorp

Customers Bancorp, Inc. is a bank holding company whose primary operations are conducted through Customers Bank, a depository institution. The group focuses on providing commercial and consumer banking services, including deposit products and lending, and funds its activities through a mix of deposits and capital markets debt, including subordinated notes, to support balance sheet growth and regulatory capital needs.

Average Trading Volume: 329,076

Technical Sentiment Signal: Buy

Current Market Cap: $2.59B

For a thorough assessment of CUBI stock, go to TipRanks’ Stock Analysis page.