Professional
Added to YB: 2024-09-03
Pitch date: 2024-09-01
CUBI [bearish]
Customers Bancorp, Inc.
-42.59%
current return
Author Info
Idea Brunch is an interview series where great off-the-beaten-path investors share their best ideas and insights about their research process. Yellowbrick users get a 20% discount for life
Company Info
Customers Bancorp, Inc. operates as the bank holding company for Customers Bank that provides banking products and services.
Market Cap
$2.3B
Pitch Price
$51.18
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
13.47
EV/Sales
N/A
Sector
Banks
Category
N/A
Idea Brunch with Nate Koppikar of Orso Partners - Customers Bancorp, Inc.
CUBI short: Poor deposit base (40% brokered), reliant on crypto (Circle $1B undisclosed related party). PPP fraud risk. Earnings inflated by Fed rate, vulnerable to cuts. Nepotism, weak controls. Fed sanctions for AML issues. Undisclosed related party transactions. Auditor concerns. Regulators dislike management.
Read full article (6 min)