Customers Bancorp (CUBI) announces preferred stock dividend

Customers Bancorp, Inc. (NYSE: CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (NYSE: CUBIPrF) of $0.5726314 per share. The dividend is payable on December 15, 2025, to shareholders of record on November 30, 2025.

In addition, Customers Bancorp, Inc. is redeeming, in whole, all 3,400,000 shares ($85.0 million) of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (ticker “CUBIPrF”) (the “Series F Preferred Stock”) which had a current declared dividend rate of 9.06%.

The redemption date for the Series F Preferred Stock Shares is December 15, 2025 (the “Series F Redemption Date”). The cash redemption price, payable on the Series F Redemption Date, for each share of Series F Preferred Stock, will equal $25. Because the redemption date is also a dividend payment date for the Series F Preferred Stock, the redemption price does not include declared and unpaid dividends. Holders of record on November 30, 2025 will separately receive the regular quarterly dividend of $0.5726314 per share due on the Series F Redemption Date.

The redemption announced today is consistent with Customers Bancorp’s ongoing efforts to enhance the efficiency of its funding and capital structure. “Our strong capital position and robust liquidity levels have positioned us to redeem this higher cost preferred stock to further optimize our capitalization and improve long-term profitability. This action, on the heels of our successful deposit franchise transformation, are significant steps in our on-going commitment to deliver shareholder value,” said Sam Sidhu, President of Customers Bancorp, Inc. and CEO of Customers Bank.

After giving effect to the redemption, no shares of the Series F Preferred Stock will remain outstanding, and dividends will no longer accrue on such securities.

Computershare Trust Company, N.A. (“Computershare”) is the paying agent for the Series F Shares. The paying agent’s address is Computershare Trust Company, Attn: Corporate Actions, 150 Royall Street, Canton, MA 02021. Questions relating to the notice of redemption and related materials should be directed to Computershare via telephone at 1-800-368-5948.

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