Customers Bancorp Sets Ambitious 2025 Growth Targets

Published 4 hours agoCUBI

Customers Bancorp Sets Ambitious 2025 Growth Targets

Customers Bancorp has announced its strategic objectives for 2025, focusing prominently on loan growth and deposit acquisition. The bank targets a 7% to 10% increase in its loan portfolio, building on strong pipelines and various business opportunities as reported by Nasdaq. Concurrently, it plans significant transformations within its deposit strategy to replace higher-cost deposits with core, lower-cost alternatives.

Recent developments highlight these strategic intentions in action. As per Businesswire, during the third quarter of 2024, Customers Bancorp successfully utilized $1.1 billion in commercial deposit inflows to reduce $0.7 billion of higher-cost deposits. This approach intends to strengthen its deposit franchise and fortify its financial base. According to Nasdaq, the bank is also working towards sustaining a CET1 ratio target of 11.5% in 2025, along with a core efficiency ratio in the low to mid-50s.

Further underpinning these efforts, Customers Bancorp anticipates a 3% to 7% rise in net interest income by 2025, facilitated by its outlined growth strategies. The bank emphasizes customer satisfaction as a core part of its strategy, boasting a Net Promoter Score of 73, substantially exceeding the U.S. banking average of 41, noted by Business News Today. These strategic moves aim to ensure sustained growth and improved profitability in the upcoming years.

Share this article

Twitter Facebook LinkedIn

Recent Articles

Encompass Health Raises 2025 Revenue Guidance with Strategic Expansion

Encompass Health Raises 2025 Revenue Guidance with Strategic Expansion

8 minutes agoEHC

Encompass Health Corporation has revised its 2025 revenue guidance upwards, now projecting net operating revenue between $5.85 billion and $5.925 billion. This adjustment comes as the company anticipates stronger financial performance compared to its February 2025 forecast, which estimated revenue at $5.8 billion to $5.9 billion. Supporting this optimistic outlook, Encompass Health expects its adjusted EBITDA to fall between $1.16 billion and $1.2 billion. Furthermore, the company's guidance for adjusted earnings per share, from continuing operations, is set to range from $4.67 to $4.96. According to Nasdaq.com, these enhancements are underpinned by the company's growth strategies, as indicated by a projected 8.9% increase in revenue compared to 2024. Key to this growth strategy, Encompass Health plans to expand its operations by opening seven new hospitals and increasing capacity by 340 beds in 2025. Such initiatives are central to achieving the newly set revenue targets, as the company continues to focus on enhancing its services and market reach.

Leapmotor to Supply EV Platforms for Hongqi Models

Leapmotor to Supply EV Platforms for Hongqi Models

23 minutes agoNIO

Leapmotor, a Chinese electric vehicle manufacturer, has announced a partnership with the FAW Group to provide its B10 EV platform for the development of Hongqi-branded electric vehicles. As reported by Reuters, this collaboration will enable Hongqi to produce both pure electric and range-extended models using Leapmotor's advanced EV technology. The partnership aims to target a range of international markets including Europe, the United Kingdom, Australia, New Zealand, and the Middle East. Production of these new Hongqi models is slated to begin in the latter half of 2026 at Leapmotor's Hangzhou facility in eastern China. This geographic expansion is significant as it marks a concerted effort to broaden Hongqi's global footprint through a blend of technological innovation and distinctive design. Leapmotor's CEO underscored the importance of this collaboration in enhancing the global competitiveness of Hongqi vehicles. Moreover, according to Reuters, Leapmotor is also in talks with Ferrari to explore the development of a new model on its EV architecture, showcasing the company's broadening influence and appeal in the automotive sector.

No Public Reports on Acuren Corp's Interest in NV5 Global Inc.

No Public Reports on Acuren Corp's Interest in NV5 Global Inc.

2 hours agoNVEE

As of April 26, 2025, there have been no public announcements or reports confirming that Acuren Corp. is interested in a takeover of NV5 Global Inc. This absence of information suggests that if such discussions are occurring, they are not yet disclosed to the public. Consulting official channels and financial news outlets is recommended for the most accurate updates. According to available sources, neither Acuren Corp. nor NV5 Global Inc. have released official statements regarding any potential merger or acquisition plans. The lack of public disclosure points to the possibility that either there is no transaction forthcoming, or that any negotiations are still confidential. Both Acuren Corp. and NV5 Global Inc. have maintained silence on this matter. While companies might explore various strategies to enhance growth or market reach, official confirmations or press releases are crucial for stakeholders monitoring such significant corporate developments.

Unilever Requests Dismissal of Ben & Jerry's CEO Lawsuit

Unilever Requests Dismissal of Ben & Jerry's CEO Lawsuit

Unilever has filed a motion to dismiss a lawsuit from Ben & Jerry’s concerning the alleged ousting of its CEO, David Stever. Unilever firmly denies any involvement in Stever's resignation, asserting that he voluntarily left his position on March 31 after declining a global role within Unilever's ice cream division, as reported by Reuters. Ben & Jerry's alleges that Unilever attempted to undermine its executive board and curtail its political activism. This includes actions such as the company's stance against the war in Gaza and criticisms directed at former U.S. President Donald Trump. The root of the legal battle lies in a 2000 agreement meant to preserve Ben & Jerry's independence following its acquisition by Unilever, with the lawsuit lodged in November 2024 claiming a breach of this agreement, according to Time. In response to the allegations, Unilever maintains that Ben & Jerry's has shifted towards advocacy on controversial and polarizing issues, posing risks to the company's reputation and its employees. While seeking to dismiss the lawsuit, Unilever also outlines its broader corporate strategy, which includes plans to spin off its ice cream division—encompassing brands like Breyers and Magnum—by July 1, 2025, to refine its brand portfolio.