Customers Bancorp Says Remains Committed To Maintaining CET 1 Ratio Around 11.5% And TCE / TA Ratio Around 7.5% In 2024
Portfolio Pulse from Benzinga Newsdesk
Customers Bancorp remains committed to maintaining a CET 1 ratio around 11.5% and a TCE/TA ratio around 7.5% in 2024. The company expects 10%-15% loan growth for the full year and aims to operate at a mid-40's efficiency ratio over the medium term. Guidance on the effective tax rate has been adjusted to 23%-25% due to growth in higher-tax jurisdictions.
July 25, 2024 | 9:21 pm
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Customers Bancorp is committed to maintaining strong capital ratios and expects significant loan growth. The company is focused on operating efficiency and has adjusted its tax rate guidance due to growth in higher-tax jurisdictions.
The commitment to maintaining strong capital ratios and expected loan growth is positive for the company's financial health. The focus on operating efficiency and adjusted tax rate guidance indicate proactive management, likely boosting investor confidence.
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