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Customers Bancorp (CUBI) Financials

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$68.80 +0.08 (+0.12%)
As of 03:59 PM Eastern
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Annual Income Statements for Customers Bancorp

Annual Income Statements for Customers Bancorp

This table shows Customers Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 43 56 69 64 57 65 119 300 218 235 166
Consolidated Net Income / (Loss)		 43 59 79 79 72 79 133 315 228 250 181
Net Income / (Loss) Continuing Operations		 45 59 79 79 72 81 143 354 228 250 181
Total Pre-Tax Income 		66 88 125 124 91 108 190 441 291 331 224
Total Revenue		 177 224 306 346 317 308 468 763 656 758 715
Net Interest Income / (Expense)		 152 196 249 267 258 277 404 685 624 687 654
Total Interest Income		 190 250 323 373 418 464 543 781 885 1,367 1,328
Loans and Leases Interest Income		 177 234 303 340 373 431 512 737 745 1,033 948
Investment Securities Interest Income		 10 10 14 25 33 24 24 40 119 201 180
Deposits and Money Market Investments Interest Income		 - - - - - - 3.30 1.59 11 126 191
Other Interest Income		 2.85 5.61 5.43 7.76 12 8.54 3.75 2.06 9.87 8.04 9.17
Total Interest Expense		 39 54 73 106 160 186 140 96 262 680 673
Deposits Interest Expense		 24 34 48 68 111 141 92 63 226 576 603
Short-Term Borrowings Interest Expense		 5.19 6.74 12 21 31 27 22 6.21 11 80 52
Long-Term Debt Interest Expense		 8.86 13 13 6.74 6.74 6.98 26 11 24 17 18
Federal Funds Purchased and Securities Sold Interest Expense		 - - - 10 11 11 - 16 0.00 6.29 0.00
Total Non-Interest Income		 25 28 56 79 59 35 64 78 32 71 60
Other Service Charges		 15 17 22 19 25 7.66 19 33 25 29 42
Net Realized & Unrealized Capital Gains on Investments		 6.32 3.96 -3.55 0.09 -17 0.76 20 15 -36 -6.81 -31
Other Non-Interest Income		 3.70 7.01 37 59 51 22 25 30 43 48 50
Provision for Credit Losses		 15 21 3.04 6.77 5.64 24 63 27 60 75 73
Total Non-Interest Expense		 97 115 178 216 220 181 215 294 305 353 417
Salaries and Employee Benefits		 46 59 81 96 105 80 94 108 112 133 176
Net Occupancy & Equipment Expense		 17 19 37 57 56 56 62 96 99 76 77
Marketing Expense		 1.18 1.48 1.55 1.47 2.45 2.69 1.80 1.52 2.54 3.10 4.49
Property & Liability Insurance Claims		 - - - - - - - 0.00 0.00 4.10 0.00
Other Operating Expenses		 33 35 58 61 48 32 41 71 68 107 127
Depreciation Expense		 - - 0.00 0.52 4.39 9.47 15 18 23 30 33
Income Tax Expense		 21 30 46 45 19 26 47 87 63 81 43
Preferred Stock Dividends Declared		 0.00 2.49 9.52 14 14 14 14 15 9.63 15 15
Basic Earnings per Share		 $1.62 $2.09 $2.51 $2.10 $1.81 $2.08 $3.76 $9.29 $6.69 $7.49 $5.28
Weighted Average Basic Shares Outstanding		 26.70M 26.84M 27.60M 31.44M 31.08M 31.38M 31.93M 32.95M 31.60M 31.48M 31.47M
Diluted Earnings per Share		 $1.55 $1.96 $2.31 $1.97 $1.78 $2.05 $3.74 $8.91 $6.51 $7.32 $5.09
Weighted Average Diluted Shares Outstanding		 26.70M 26.84M 27.60M 31.44M 31.08M 31.38M 31.93M 32.95M 31.60M 31.48M 31.47M
Weighted Average Basic & Diluted Shares Outstanding		 26.70M 26.84M 27.60M 31.44M 31.08M 31.38M 31.93M 32.95M 31.60M 31.48M 31.47M

Quarterly Income Statements for Customers Bancorp

This table shows Customers Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 61 26 50 44 83 58 46 54 43 23
Consolidated Net Income / (Loss)		 64 29 54 48 87 62 50 58 47 27
Net Income / (Loss) Continuing Operations		 64 29 54 48 87 62 50 58 47 27
Total Pre-Tax Income 		82 36 68 68 110 84 65 77 46 36
Total Revenue		 150 142 168 181 218 191 182 199 167 167
Net Interest Income / (Expense)		 159 135 150 165 200 173 160 168 159 168
Total Interest Income		 236 270 315 330 376 346 332 334 332 330
Loans and Leases Interest Income		 200 219 256 253 276 248 230 238 240 240
Investment Securities Interest Income		 31 43 47 48 54 51 47 48 46 40
Deposits and Money Market Investments Interest Income		 2.95 6.75 10 28 44 44 53 46 44 48
Other Interest Income		 1.96 1.20 1.32 1.62 2.53 2.58 2.11 3.01 1.91 2.14
Total Interest Expense		 77 135 165 165 177 173 171 166 174 162
Deposits Interest Expense		 65 124 144 136 146 150 154 149 156 145
Long-Term Debt Interest Expense		 12 -1.32 15 4.23 29 -31 18 4.16 16 -20
Federal Funds Purchased and Securities Sold Interest Expense		 0.00 - 6.29 24 1.57 -26 0.00 13 1.61 -15
Total Non-Interest Income		 -9.02 7.35 18 16 18 19 21 31 8.56 -0.39
Other Service Charges		 5.93 6.65 6.15 7.88 7.68 7.71 8.31 8.66 11 14
Net Realized & Unrealized Capital Gains on Investments		 -25 -9.42 0.00 -5.80 -0.78 -0.24 -0.02 10 -15 -27
Other Non-Interest Income		 11 10 12 14 11 11 13 12 12 13
Provision for Credit Losses		 -7.99 28 20 24 18 14 17 18 17 21
Total Non-Interest Expense		 76 78 80 89 89 94 99 103 104 110
Salaries and Employee Benefits		 31 29 32 33 34 34 36 45 48 47
Net Occupancy & Equipment Expense		 22 22 19 19 18 19 24 19 17 17
Marketing Expense		 0.76 1.11 1.05 0.55 0.65 0.85 0.68 1.25 0.91 1.65
Other Operating Expenses		 16 19 20 29 29 28 30 30 31 36
Depreciation Expense		 5.97 6.52 7.88 7.33 7.34 7.36 7.97 7.83 7.81 8.93
Income Tax Expense		 18 7.14 15 21 23 22 16 19 -0.73 8.95
Preferred Stock Dividends Declared		 2.55 3.09 3.46 3.57 3.80 3.87 3.80 3.79 3.81 3.65
Basic Earnings per Share		 $1.89 $0.81 $1.58 $1.41 $2.65 $1.85 $1.46 $1.72 $1.36 $0.74
Weighted Average Basic Shares Outstanding		 32.52M 31.60M 31.25M 31.29M 31.41M 31.48M 31.65M 31.70M 31.35M 31.47M
Diluted Earnings per Share		 $1.85 $0.81 $1.55 $1.39 $2.58 $1.80 $1.40 $1.66 $1.31 $0.72
Weighted Average Diluted Shares Outstanding		 32.52M 31.60M 31.25M 31.29M 31.41M 31.48M 31.65M 31.70M 31.35M 31.47M
Weighted Average Basic & Diluted Shares Outstanding		 32.52M 31.60M 31.25M 31.29M 31.41M 31.48M 31.65M 31.70M 31.35M 31.47M

Annual Cash Flow Statements for Customers Bancorp

This table details how cash moves in and out of Customers Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 138 -106 0.12 -118 -84 150 481 -175 -62 3,391 -60
Net Cash From Operating Activities		 -540 67 91 62 97 41 133 296 -21 125 145
Net Cash From Continuing Operating Activities		 -540 67 91 62 97 41 133 296 -21 125 145
Net Income / (Loss) Continuing Operations		 45 59 79 79 72 81 143 354 228 250 181
Consolidated Net Income / (Loss)		 45 59 79 79 72 - 143 354 228 250 181
Provision For Loan Losses		 15 21 3.04 6.77 5.64 24 63 27 60 75 73
Depreciation Expense		 3.58 4.00 5.90 11 14 14 19 22 27 32 34
Amortization Expense		 0.82 1.69 0.89 0.79 1.60 1.91 -2.82 -221 -52 -102 -32
Non-Cash Adjustments to Reconcile Net Income		 -596 -13 8.34 14 20 11 -30 -37 -259 -172 21
Changes in Operating Assets and Liabilities, net		 -8.01 -5.75 -5.46 -49 -15 -91 -58 150 -25 42 -133
Net Cash From Investing Activities		 -1,922 -1,681 -962 -565 -104 -1,444 -6,425 -1,201 -1,298 3,158 -1,006
Net Cash From Continuing Investing Activities		 -1,922 -1,681 -962 -565 -104 -1,444 -6,425 -1,201 -1,298 3,158 -1,006
Purchase of Property, Leasehold Improvements and Equipment		 -1.27 -2.94 -5.43 -24 -39 -50 -29 -33 -113 -41 -65
Purchase of Investment Securities		 -2,359 -31,483 -36,908 -32,231 -28,372 -32,950 -62,421 -60,615 -3,778 1,449 -2,132
Sale of Property, Leasehold Improvements and Equipment		 - - - - - - - 0.00 0.00 0.07 0.00
Sale and/or Maturity of Investments		 433 29,801 35,954 31,691 28,306 31,556 56,025 59,443 31,559 21,807 23,339
Other Investing Activities, net		 5.45 3.92 -2.05 - 0.53 - - - -28,966 -20,057 -22,148
Net Cash From Financing Activities		 2,603 1,508 870 385 -78 1,517 6,773 755 1,257 108 801
Net Cash From Continuing Financing Activities		 2,603 1,508 870 385 -78 1,517 6,773 755 1,257 108 801
Net Change in Deposits		 1,573 1,377 1,394 -504 342 1,507 2,661 5,468 1,379 -238 934
Issuance of Debt		 1,034 25 75 842 0.00 -302 4,415 -4,316 500 2,565 155
Issuance of Common Equity		 0.08 0.81 71 2.72 3.59 2.15 0.92 28 0.53 3.11 1.76
Repayment of Debt		 - -18 -832 0.00 -427 -25 0.00 -150 -500 -2,165 -250
Repurchase of Common Equity		 0.00 - 0.00 0.00 -13 -0.57 0.00 -28 -33 -40 -19
Payment of Dividends		 0.00 -2.31 9.05 -14 -14 -14 -14 -11 -9.33 -15 -15
Other Financing Activities, Net		 0.01 70 -5.57 58 31 349 -290 -154 -80 -2.43 -5.45
Cash Interest Paid		 38 51 71 102 160 183 131 108 227 650 715
Cash Income Taxes Paid		 30 39 57 40 4.79 7.41 3.25 94 80 45 58

Quarterly Cash Flow Statements for Customers Bancorp

This table details how cash moves in and out of Customers Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 159 51 1,591 1,109 265 426 -145 -653 39 698
Net Cash From Operating Activities		 109 -296 18 89 136 -118 -19 6.08 24 133
Net Cash From Continuing Operating Activities		 109 -296 18 89 136 -118 -19 6.08 24 133
Net Income / (Loss) Continuing Operations		 64 29 54 48 87 62 50 58 47 27
Consolidated Net Income / (Loss)		 64 29 54 48 87 62 50 58 47 27
Provision For Loan Losses		 -7.99 28 20 24 18 14 17 18 17 21
Depreciation Expense		 6.70 7.13 8.83 7.74 7.66 7.59 8.25 6.46 9.75 9.09
Amortization Expense		 -49 -4.57 -26 20 -77 -19 -9.65 -12 -3.36 -7.11
Non-Cash Adjustments to Reconcile Net Income		 85 -298 -56 40 34 -190 -18 -32 -27 98
Changes in Operating Assets and Liabilities, net		 10 -58 17 -49 67 8.01 -66 -33 -19 -15
Net Cash From Investing Activities		 15 -213 805 795 397 1,161 -163 -195 -387 -261
Net Cash From Continuing Investing Activities		 15 -213 805 795 397 1,161 -163 -195 -387 -261
Purchase of Property, Leasehold Improvements and Equipment		 -58 -26 -2.21 -13 -5.74 -21 -4.43 -16 -12 -33
Purchase of Investment Securities		 -7,266 21,090 600 -1,326 1,486 689 -320 -612 -414 -787
Sale and/or Maturity of Investments		 7,339 7,689 4,909 7,536 4,198 5,164 5,098 5,882 6,148 6,211
Other Investing Activities, net		 - - -4,703 -5,402 -5,281 -4,671 -4,937 -5,450 -6,109 -5,652
Net Cash From Financing Activities		 35 560 769 224 -268 -616 37 -463 402 826
Net Cash From Continuing Financing Activities		 35 560 769 224 -268 -616 37 -463 402 826
Net Change in Deposits		 578 635 -436 227 245 -275 42 -281 368 805
Issuance of Common Equity		 0.12 0.09 0.06 0.11 0.16 2.79 0.48 0.30 0.73 0.25
Repayment of Debt		 -700 300 -1,315 - -510 -340 0.00 -250 -25 25
Repurchase of Common Equity		 - -5.34 -40 - - - 0.00 - -18 -1.03
Payment of Dividends		 -2.46 -2.95 -3.45 -3.56 -3.81 -3.81 -3.80 -3.91 -3.79 -3.65
Other Financing Activities, Net		 -405 -366 -2.28 -0.09 -0.06 -0.00 -1.43 -3.56 -0.16 -0.30

Annual Balance Sheets for Customers Bancorp

This table presents Customers Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 6,825 8,398 9,383 9,840 9,833 11,521 18,439 19,575 20,896 21,316 22,308
Cash and Due from Banks		 63 54 37 20 18 33 78 35 58 45 57
Interest Bearing Deposits at Other Banks		 308 211 227 126 44 179 615 483 398 3,801 3,729
Trading Account Securities		 1,852 2,357 494 617 667 1,082 1,289 3,833 4,156 3,849 3,216
Loans and Leases, Net of Allowance		 4,281 5,417 8,234 8,524 8,504 2,189 11,048 12,131 867 12,726 14,312
Loans and Leases		 4,312 5,453 8,271 8,562 8,543 2,246 11,192 12,268 998 12,862 14,449
Allowance for Loan and Lease Losses		 31 36 37 38 40 56 144 138 131 135 137
Premises and Equipment, Net		 11 11 13 12 11 9.39 11 8.89 9.03 7.37 6.67
Intangible Assets		 - 3.65 18 16 16 15 3.97 3.74 3.63 3.63 3.63
Other Assets		 306 344 359 524 574 8,012 5,394 796 14,081 883 984
Total Liabilities & Shareholders' Equity		 6,825 8,398 9,383 9,840 9,833 11,521 18,439 19,575 20,896 21,316 22,308
Total Liabilities		 6,382 7,844 8,527 8,919 8,877 10,468 17,322 18,209 19,493 19,678 20,472
Non-Interest Bearing Deposits		 546 409 966 1,052 1,122 1,343 2,357 4,460 1,885 4,422 5,608
Interest Bearing Deposits		 3,986 5,254 6,338 5,748 6,020 7,306 8,953 12,318 16,272 13,498 13,238
Short-Term Debt		 88 86 - 186 - 124 124 - - 124 99
Long-Term Debt		 1,728 1,734 1,065 1,721 1,481 1,031 5,446 1,105 1,106 1,385 1,311
Other Long-Term Liabilities		 33 291 75 56 66 126 192 251 231 248 215
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 443 554 856 921 957 1,053 1,117 1,366 1,403 1,638 1,837
Total Preferred & Common Equity		 443 554 856 921 957 1,053 1,117 1,366 1,403 1,638 1,837
Preferred Stock		 0.00 56 217 217 217 217 217 138 138 138 138
Total Common Equity		 443 498 638 703 739 835 900 1,228 1,265 1,501 1,699
Common Stock		 383 390 458 454 467 477 489 577 587 600 611
Retained Earnings		 68 125 194 258 317 382 439 706 924 1,160 1,326
Treasury Stock		 -8.25 -8.23 -8.23 -8.23 -21 -22 -22 -49 -83 -122 -142
Accumulated Other Comprehensive Income / (Loss)		 -0.12 -7.98 -4.89 -0.36 -23 -1.25 -5.76 -4.98 -163 -137 -97

Quarterly Balance Sheets for Customers Bancorp

This table presents Customers Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 20,368 21,752 22,029 21,857 21,347 20,943 21,456
Cash and Due from Banks		 42 77 54 68 52 45 39
Interest Bearing Deposits at Other Banks		 363 1,969 3,101 3,352 3,649 3,004 3,049
Trading Account Securities		 3,835 4,221 4,161 4,102 3,995 3,850 3,752
Loans and Leases, Net of Allowance		 13,632 13,261 13,693 13,424 12,766 13,124 13,645
Loans and Leases		 13,762 13,392 13,644 13,426 12,899 13,257 13,778
Allowance for Loan and Lease Losses		 130 130 140 139 133 132 133
Premises and Equipment, Net		 6.61 8.58 8.03 7.79 7.25 7.02 6.73
Intangible Assets		 3.63 3.63 3.63 3.63 3.63 3.63 3.63
Other Assets		 916 963 1,196 1,037 875 909 961
Total Liabilities & Shareholders' Equity		 20,368 21,752 22,029 21,857 21,347 20,943 21,456
Total Liabilities		 18,981 20,331 20,572 20,296 19,656 19,196 19,655
Non-Interest Bearing Deposits		 2,994 3,488 4,490 4,759 4,689 4,475 4,671
Interest Bearing Deposits		 14,529 14,236 13,460 13,437 13,273 13,203 13,399
Long-Term Debt		 805 2,358 2,228 1,712 1,501 1,201 1,399
Other Long-Term Liabilities		 288 249 270 264 193 193 187
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,387 1,421 1,457 1,562 1,692 1,747 1,801
Total Preferred & Common Equity		 1,387 1,421 1,457 1,562 1,692 1,747 1,801
Preferred Stock		 138 138 138 138 138 138 138
Total Common Equity		 1,249 1,283 1,319 1,424 1,558 1,609 1,663
Common Stock		 584 588 591 595 603 603 607
Retained Earnings		 899 974 1,018 1,101 1,206 1,260 1,303
Treasury Stock		 -77 -122 -122 -122 -118 -122 -141
Accumulated Other Comprehensive Income / (Loss)		 -156 -156 -168 -150 -132 -131 -106

Annual Metrics And Ratios for Customers Bancorp

This table displays calculated financial ratios and metrics derived from Customers Bancorp's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 39.90% 26.52% 36.54% 13.20% -8.48% -2.94% 52.00% 63.19% -14.02% 15.55% -5.70%
EBITDA Growth		 29.71% 34.70% 39.50% 3.11% -21.16% 10.74% 73.70% 17.82% 10.06% -2.26% -13.22%
EBIT Growth		 30.25% 35.08% 40.79% -0.57% -26.50% 12.85% 84.66% 132.51% -33.98% 13.54% -32.16%
NOPAT Growth		 36.21% 31.55% 34.34% 0.17% -9.06% 13.52% 75.75% 147.67% -35.63% 9.70% -27.45%
Net Income Growth		 32.18% 35.56% 34.34% 0.17% -9.06% 10.65% 67.13% 137.33% -27.53% 9.70% -27.45%
EPS Growth		 19.23% 26.45% 17.86% -14.72% -9.06% 10.65% 82.44% 138.24% -26.94% 12.44% -30.46%
Operating Cash Flow Growth		 -174.79% 112.33% 37.31% -31.96% 56.73% -57.64% 223.13% 121.51% -107.05% 698.94% 16.30%
Free Cash Flow Firm Growth		 -175.70% 94.66% 1,044.66% -255.65% 155.76% -32.58% -1,491.92% 205.39% -95.83% -304.20% 121.21%
Invested Capital Growth		 95.05% 5.09% -19.11% 47.26% -13.81% -9.44% 202.94% -63.05% 1.52% 25.48% 3.14%
Revenue Q/Q Growth		 9.38% 5.71% 6.62% 9.20% -8.56% -8.53% 22.88% 10.25% -9.42% 6.87% -3.22%
EBITDA Q/Q Growth		 14.22% 3.96% -1.21% 32.72% -22.91% 7.24% 32.27% -13.27% -3.60% 14.91% -13.19%
EBIT Q/Q Growth		 15.47% 3.03% -1.24% 34.52% -26.28% 14.03% 33.05% 7.95% -21.42% 16.99% -17.63%
NOPAT Q/Q Growth		 14.06% 5.94% -1.71% 7.06% -4.97% 16.83% 25.40% 14.07% -24.39% 15.40% -16.24%
Net Income Q/Q Growth		 10.69% 8.53% 2.66% 2.32% -4.97% 13.87% 27.65% 16.44% -23.99% 15.40% -16.24%
EPS Q/Q Growth		 13.97% 5.95% -2.94% 2.07% -4.97% 13.87% 31.69% -20.80% 16.88% 13.31% -17.50%
Operating Cash Flow Q/Q Growth		 -73.31% 116.87% 156.48% -90.44% -25.16% 22.19% 65.95% -11.56% -107.03% 336.49% 235.92%
Free Cash Flow Firm Q/Q Growth		 32.07% -110.18% 342.00% -44.83% -35.90% 255.54% 5.95% -18.95% 194.46% 60.64% -80.07%
Invested Capital Q/Q Growth		 1.75% 37.87% -5.03% 6.00% 20.53% -3.71% -4.71% 46.29% 14.42% -7.35% 1.46%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 39.49% 42.04% 42.95% 39.12% 33.71% 38.45% 43.95% 31.73% 40.61% 34.35% 31.61%
EBIT Margin		 37.00% 39.51% 40.74% 35.78% 28.74% 33.41% 40.59% 57.83% 44.41% 43.63% 31.39%
Profit (Net Income) Margin		 24.41% 26.15% 25.73% 22.77% 22.63% 25.79% 28.36% 41.24% 34.76% 33.00% 25.39%
Tax Burden Percent		 65.96% 66.20% 63.17% 63.64% 78.74% 73.60% 69.87% 71.31% 78.28% 75.63% 80.88%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 104.89% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 32.03% 33.80% 36.83% 36.36% 21.26% 24.49% 24.62% 19.71% 21.72% 24.37% 19.12%
Return on Invested Capital (ROIC)		 2.61% 2.53% 3.66% 3.32% 2.72% 3.50% 3.22% 7.74% 9.16% 8.85% 5.68%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.50% 2.53% 3.66% 3.32% 2.72% 3.35% 2.91% 6.55% 9.16% 8.85% 5.68%
Return on Net Nonoperating Assets (RNNOA)		 7.81% 9.22% 7.50% 5.55% 4.91% 4.39% 9.00% 17.60% 7.31% 7.60% 4.77%
Return on Equity (ROE)		 10.42% 11.75% 11.17% 8.87% 7.64% 7.89% 12.22% 25.34% 16.47% 16.45% 10.44%
Cash Return on Invested Capital (CROIC)		 -61.82% -2.43% 24.80% -34.91% 17.55% 13.42% -97.51% 99.82% 7.65% -13.76% 2.58%
Operating Return on Assets (OROA)		 1.19% 1.16% 1.40% 1.29% 0.93% 0.96% 1.27% 2.32% 1.44% 1.57% 1.03%
Return on Assets (ROA)		 0.79% 0.77% 0.89% 0.82% 0.73% 0.74% 0.89% 1.66% 1.13% 1.19% 0.83%
Return on Common Equity (ROCE)		 10.42% 11.10% 9.00% 6.70% 5.87% 6.19% 9.77% 21.72% 14.83% 14.96% 9.62%
Return on Equity Simple (ROE_SIMPLE)		 9.75% 10.58% 9.20% 8.56% 7.49% 7.53% 11.87% 23.03% 16.25% 15.27% 9.88%
Net Operating Profit after Tax (NOPAT)		 45 59 79 79 72 81 143 354 228 250 181
NOPAT Margin		 25.15% 26.15% 25.73% 22.77% 22.63% 26.46% 30.60% 46.43% 34.76% 33.00% 25.39%
Net Nonoperating Expense Percent (NNEP)		 0.10% 0.00% 0.00% 0.00% 0.00% 0.16% 0.31% 1.19% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 36.03% 35.50% 39.02% 44.49% 51.61% 45.25% 33.77% 26.92% 32.55% 27.97% 35.99%
Operating Expenses to Revenue		 54.67% 51.31% 58.27% 62.27% 69.48% 58.71% 45.98% 38.58% 46.44% 46.52% 58.34%
Earnings before Interest and Taxes (EBIT)		 66 88 125 124 91 103 190 441 291 331 224
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 70 94 131 135 107 118 205 242 266 260 226
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.17 1.47 1.55 1.14 0.78 0.89 0.73 1.72 0.73 1.21 0.90
Price to Tangible Book Value (P/TBV)		 1.18 1.48 1.59 1.17 0.80 0.91 0.73 1.73 0.73 1.21 0.90
Price to Revenue (P/Rev)		 2.94 3.27 3.23 2.31 1.82 2.42 1.40 2.78 1.40 2.39 2.13
Price to Earnings (P/E)		 12.04 13.05 14.26 12.44 10.07 11.50 5.52 7.06 4.22 7.69 9.17
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 8.31% 7.67% 7.01% 8.04% 9.93% 8.70% 18.10% 14.17% 23.70% 13.01% 10.91%
Enterprise Value to Invested Capital (EV/IC)		 0.87 0.99 1.04 0.98 0.91 0.86 0.86 1.15 0.68 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 11.10 10.46 6.55 8.03 6.98 6.20 12.30 3.73 2.61 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 28.11 24.88 15.25 20.51 20.72 16.11 27.99 11.75 6.41 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 30.00 26.48 16.08 22.43 24.30 18.54 30.30 6.44 5.87 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 44.14 40.00 25.46 35.25 30.86 23.41 40.19 8.03 7.49 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 35.20 21.93 44.68 22.70 46.15 43.09 9.62 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 3.76 0.00 4.79 6.12 0.00 0.62 8.97 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 4.10 3.29 1.24 2.07 1.55 1.10 4.99 0.81 0.79 0.92 0.77
Long-Term Debt to Equity		 3.90 3.13 1.24 1.87 1.55 0.98 4.88 0.81 0.79 0.85 0.71
Financial Leverage		 3.12 3.65 2.05 1.67 1.80 1.31 3.10 2.69 0.80 0.86 0.84
Leverage Ratio		 13.23 15.27 12.61 10.82 10.48 10.63 13.81 15.31 14.61 13.88 12.55
Compound Leverage Factor		 13.23 15.27 12.61 10.82 10.48 11.15 13.81 15.31 14.61 13.88 12.55
Debt to Total Capital		 80.39% 76.67% 55.44% 67.44% 60.75% 52.31% 83.30% 44.71% 44.07% 47.95% 43.43%
Short-Term Debt to Total Capital		 3.91% 3.64% 0.00% 6.59% 0.00% 5.60% 1.85% 0.00% 0.00% 3.93% 3.05%
Long-Term Debt to Total Capital		 76.48% 73.03% 55.44% 60.84% 60.75% 46.71% 81.44% 44.71% 44.07% 44.01% 40.38%
Preferred Equity to Total Capital		 0.00% 2.34% 11.32% 7.69% 8.92% 9.85% 3.25% 5.58% 5.49% 4.38% 4.24%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 19.61% 20.99% 33.24% 24.87% 30.33% 37.84% 13.45% 49.71% 50.44% 47.67% 52.33%
Debt to EBITDA		 25.98 19.33 8.10 14.08 13.87 9.76 27.11 4.56 4.15 5.80 6.24
Net Debt to EBITDA		 20.67 16.52 6.09 13.00 13.28 7.97 23.74 2.42 2.44 -8.98 -10.52
Long-Term Debt to EBITDA		 24.71 18.41 8.10 12.70 13.87 8.72 26.51 4.56 4.15 5.32 5.80
Debt to NOPAT		 40.79 31.07 13.53 24.19 20.66 14.19 38.94 3.12 4.85 6.03 7.77
Net Debt to NOPAT		 32.45 26.56 10.16 22.34 19.79 11.58 34.10 1.66 2.85 -9.34 -13.09
Long-Term Debt to NOPAT		 38.80 29.60 13.53 21.83 20.66 12.67 38.08 3.12 4.85 5.54 7.22
Noncontrolling Interest Sharing Ratio		 0.00% 5.57% 19.37% 24.48% 23.16% 21.64% 20.04% 14.31% 9.95% 9.06% 7.93%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,056 -56 532 -829 462 312 -4,337 4,571 191 -389 83
Operating Cash Flow to CapEx		 -42,518.74% 2,265.02% 1,684.54% 255.33% 250.04% 82.46% 463.39% 896.91% -18.37% 302.23% 222.52%
Free Cash Flow to Firm to Interest Expense		 -27.44 -1.05 7.29 -7.86 2.89 1.67 -31.06 47.71 0.73 -0.57 0.12
Operating Cash Flow to Interest Expense		 -14.02 1.24 1.25 0.59 0.61 0.22 0.96 3.08 -0.08 0.18 0.22
Operating Cash Flow Less CapEx to Interest Expense		 -14.06 1.19 1.18 0.36 0.37 -0.05 0.75 2.74 -0.51 0.12 0.12
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.04 0.03 0.03 0.03 0.04 0.03 0.04 0.03
Fixed Asset Turnover		 15.78 20.41 25.58 28.01 27.53 30.08 45.36 75.86 73.23 92.46 101.84
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,259 2,374 1,921 2,828 2,438 2,208 6,688 2,471 2,508 3,148 3,247
Invested Capital Turnover		 0.10 0.10 0.14 0.15 0.12 0.13 0.11 0.17 0.26 0.27 0.22
Increase / (Decrease) in Invested Capital		 1,101 115 -454 908 -390 -230 4,480 -4,217 38 639 99
Enterprise Value (EV)		 1,965 2,343 2,004 2,779 2,213 1,905 5,749 2,843 1,709 -389 -712
Market Capitalization		 520 732 987 801 576 746 655 2,119 921 1,810 1,526
Book Value per Share		 $16.58 $18.54 $23.18 $22.84 $23.35 $26.67 $28.47 $37.90 $38.91 $47.77 $54.19
Tangible Book Value per Share		 $16.44 $18.40 $22.54 $22.31 $22.82 $26.19 $28.34 $37.78 $38.80 $47.65 $54.08
Total Capital		 2,259 2,374 1,921 2,828 2,438 2,208 6,688 2,471 2,508 3,148 3,247
Total Debt		 1,816 1,820 1,065 1,907 1,481 1,155 5,570 1,105 1,106 1,509 1,410
Total Long-Term Debt		 1,728 1,734 1,065 1,721 1,481 1,031 5,446 1,105 1,106 1,385 1,311
Net Debt		 1,445 1,556 800 1,761 1,419 942 4,877 587 650 -2,337 -2,376
Capital Expenditures (CapEx)		 1.27 2.94 5.43 24 39 50 29 33 113 41 65
Net Nonoperating Expense (NNE)		 1.32 0.00 0.00 0.00 0.00 2.06 10 40 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 1,816 1,820 1,065 1,907 1,481 1,155 5,570 1,105 1,106 1,509 1,410
Total Depreciation and Amortization (D&A)		 4.40 5.69 6.79 12 16 16 16 -199 -25 -70 1.58
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.42 $1.83 $2.20 $1.84 $1.59 $1.82 $3.76 $9.29 $6.69 $7.49 $5.28
Adjusted Weighted Average Basic Shares Outstanding		 30.56M 30.70M 34.73M 35.84M 35.43M 35.77M 31.93M 32.95M 31.60M 31.48M 31.47M
Adjusted Diluted Earnings per Share		 $1.36 $1.72 $2.03 $1.73 $1.56 $1.80 $3.74 $8.91 $6.51 $7.32 $5.09
Adjusted Weighted Average Diluted Shares Outstanding		 30.56M 30.70M 34.73M 35.84M 35.43M 35.77M 31.93M 32.95M 31.60M 31.48M 31.47M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $1.83 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 30.56M 30.70M 34.73M 35.84M 35.43M 35.77M 31.93M 32.95M 31.60M 31.48M 31.47M
Normalized Net Operating Profit after Tax (NOPAT)		 45 59 79 79 75 81 144 354 228 250 181
Normalized NOPAT Margin		 25.15% 26.15% 25.98% 22.84% 23.72% 26.46% 30.82% 46.43% 34.76% 33.00% 25.39%
Pre Tax Income Margin		 37.00% 39.51% 40.74% 35.78% 28.74% 35.04% 40.59% 57.83% 44.41% 43.63% 31.39%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.70 1.65 1.71 1.17 0.57 0.55 1.36 4.61 1.11 0.49 0.33
NOPAT to Interest Expense		 1.16 1.09 1.08 0.75 0.45 0.44 1.02 3.70 0.87 0.37 0.27
EBIT Less CapEx to Interest Expense		 1.67 1.60 1.63 0.94 0.33 0.28 1.15 4.26 0.68 0.43 0.24
NOPAT Less CapEx to Interest Expense		 1.12 1.04 1.00 0.52 0.20 0.17 0.82 3.35 0.44 0.31 0.17
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 3.95% -11.50% 18.34% 20.17% 18.23% 10.62% 3.44% 4.09% 5.85% 8.35%
Augmented Payout Ratio		 0.00% 3.95% -11.50% 18.34% 38.27% 18.95% 10.62% 12.23% 18.63% 21.76% 18.95%

Quarterly Metrics And Ratios for Customers Bancorp

This table displays calculated financial ratios and metrics derived from Customers Bancorp's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -38.89% -32.37% -9.62% 2.07% 45.02% 34.18% 8.09% 9.61% -23.19% -12.42%
EBITDA Growth		 308.17% -20.58% -50.13% 12.16% 3.69% 87.96% 24.46% -25.29% 28.49% -47.57%
EBIT Growth		 -46.28% -68.90% -28.94% -11.87% 34.73% 134.02% -4.26% 12.84% -58.25% -57.25%
NOPAT Growth		 -44.92% -71.92% -30.02% -18.88% 35.74% 116.27% -7.44% 22.09% -46.12% -56.65%
Net Income Growth		 -44.92% -71.48% -30.02% -18.88% 35.74% 116.27% -7.44% 22.09% -46.12% -56.65%
EPS Growth		 -43.08% 331.43% -28.90% -17.26% 39.46% 122.22% -9.68% 19.42% -49.22% -60.00%
Operating Cash Flow Growth		 836.42% -1,507.72% -85.00% 82.27% 24.87% 59.99% -207.30% -93.21% -82.07% 212.69%
Free Cash Flow Firm Growth		 -108.07% -100.20% -149.52% -146.04% -154.53% -6,453.33% 132.72% 154.19% 121.84% 87.52%
Invested Capital Growth		 29.80% 1.52% 112.01% 66.05% 54.97% 25.48% -15.51% -19.35% -5.81% 3.14%
Revenue Q/Q Growth		 -15.53% -5.02% 17.92% 7.88% 20.01% -12.12% -5.00% 9.40% -15.90% 0.20%
EBITDA Q/Q Growth		 -54.06% -2.36% 33.82% 86.83% -57.52% 76.99% -11.38% 12.14% -26.95% -27.78%
EBIT Q/Q Growth		 5.50% -56.18% 90.49% 0.08% 61.29% -23.89% -22.07% 17.96% -40.33% -22.07%
NOPAT Q/Q Growth		 8.97% -55.08% 87.11% -11.44% 82.36% -28.43% -19.92% 16.81% -19.53% -42.42%
Net Income Q/Q Growth		 8.97% -55.08% 87.11% -11.44% 82.36% -28.43% -19.92% 16.81% -19.53% -42.42%
EPS Q/Q Growth		 10.12% -56.22% 91.36% -10.32% 85.61% -30.23% -22.22% 18.57% -21.08% -45.04%
Operating Cash Flow Q/Q Growth		 122.06% -371.42% 105.93% 410.13% 52.12% -186.98% 84.10% 132.28% 301.61% 446.77%
Free Cash Flow Firm Q/Q Growth		 -113.78% 98.00% -21,961.44% 24.47% 23.79% 48.40% 210.15% 25.09% -69.28% -129.49%
Invested Capital Q/Q Growth		 -4.42% 14.42% 50.64% 0.79% -10.80% -7.35% 1.44% -3.80% 4.18% 1.46%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 26.22% 26.96% 30.59% 52.97% 18.75% 37.76% 35.22% 36.10% 31.36% 22.60%
EBIT Margin		 54.54% 25.16% 40.64% 37.70% 50.67% 43.88% 36.00% 38.81% 27.54% 21.42%
Profit (Net Income) Margin		 42.60% 20.15% 31.97% 26.25% 39.88% 32.48% 27.38% 29.23% 27.97% 16.08%
Tax Burden Percent		 78.12% 80.09% 78.67% 69.61% 78.71% 74.02% 76.06% 75.32% 101.58% 75.05%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 21.88% 19.91% 21.33% 30.39% 21.29% 25.98% 23.94% 24.68% -1.58% 24.95%
Return on Invested Capital (ROIC)		 15.90% 5.31% 7.34% 5.52% 10.12% 8.71% 6.06% 6.71% 6.26% 3.59%
ROIC Less NNEP Spread (ROIC-NNEP)		 15.90% 5.31% 7.34% 5.52% 10.12% 8.71% 6.06% 6.71% 6.26% 3.59%
Return on Net Nonoperating Assets (RNNOA)		 7.20% 4.24% 7.24% 6.47% 9.07% 7.48% 7.51% 7.70% 6.02% 3.02%
Return on Equity (ROE)		 23.10% 9.55% 14.58% 11.99% 19.19% 16.19% 13.57% 14.40% 12.29% 6.61%
Cash Return on Invested Capital (CROIC)		 -10.39% 7.65% -64.43% -43.30% -35.36% -13.76% 23.87% 28.89% 12.56% 2.58%
Operating Return on Assets (OROA)		 2.00% 0.82% 1.27% 1.14% 1.70% 1.58% 1.29% 1.43% 0.94% 0.70%
Return on Assets (ROA)		 1.56% 0.65% 1.00% 0.80% 1.34% 1.17% 0.98% 1.07% 0.95% 0.53%
Return on Common Equity (ROCE)		 20.72% 8.60% 13.15% 10.81% 17.39% 14.72% 12.39% 13.16% 11.28% 6.09%
Return on Equity Simple (ROE_SIMPLE)		 21.63% 0.00% 14.43% 13.31% 13.88% 0.00% 14.55% 14.69% 12.03% 0.00%
Net Operating Profit after Tax (NOPAT)		 64 29 54 48 87 62 50 58 47 27
NOPAT Margin		 42.60% 20.15% 31.97% 26.25% 39.88% 32.48% 27.38% 29.23% 27.97% 16.08%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 36.12% 36.90% 31.39% 29.01% 24.19% 28.26% 33.56% 32.99% 39.02% 39.16%
Operating Expenses to Revenue		 50.79% 55.04% 47.69% 49.26% 41.12% 49.05% 54.60% 52.07% 62.25% 65.92%
Earnings before Interest and Taxes (EBIT)		 82 36 68 68 110 84 65 77 46 36
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 39 38 51 96 41 72 64 72 52 38
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.77 0.73 0.46 0.72 0.76 1.21 1.07 0.94 0.89 0.90
Price to Tangible Book Value (P/TBV)		 0.77 0.73 0.46 0.72 0.76 1.21 1.07 0.95 0.89 0.90
Price to Revenue (P/Rev)		 1.32 1.40 0.92 1.47 1.52 2.39 2.17 1.92 1.99 2.13
Price to Earnings (P/E)		 5.28 4.22 3.02 5.22 5.31 7.69 7.23 6.29 7.31 9.17
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 18.94% 23.70% 33.11% 19.17% 18.82% 13.01% 13.83% 15.90% 13.68% 10.91%
Enterprise Value to Invested Capital (EV/IC)		 0.68 0.68 0.27 0.07 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 2.07 2.61 1.62 0.44 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 5.41 6.41 4.82 1.24 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 4.03 5.87 3.93 1.10 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 4.96 7.49 5.05 1.44 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 8.97 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.58 0.79 1.66 1.61 1.18 0.92 0.89 0.76 0.78 0.77
Long-Term Debt to Equity		 0.58 0.79 1.66 1.53 1.10 0.85 0.89 0.69 0.78 0.71
Financial Leverage		 0.45 0.80 0.99 1.17 0.90 0.86 1.24 1.15 0.96 0.84
Leverage Ratio		 14.78 14.61 14.62 15.05 14.32 13.88 13.85 13.41 12.88 12.55
Compound Leverage Factor		 14.78 14.61 14.62 15.05 14.32 13.88 13.85 13.41 12.88 12.55
Debt to Total Capital		 36.74% 44.07% 62.40% 61.75% 54.04% 47.95% 47.02% 43.13% 43.71% 43.43%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 3.25% 3.64% 3.93% 0.00% 4.04% 0.00% 3.05%
Long-Term Debt to Total Capital		 36.74% 44.07% 62.40% 58.51% 50.39% 44.01% 47.02% 39.09% 43.71% 40.38%
Preferred Equity to Total Capital		 6.29% 5.49% 3.65% 3.62% 4.06% 4.38% 4.32% 4.49% 4.31% 4.24%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 56.98% 50.44% 33.96% 34.63% 41.91% 47.67% 48.79% 52.39% 51.98% 52.33%
Debt to EBITDA		 2.91 4.15 10.98 10.45 8.10 5.80 5.50 5.33 5.37 6.24
Net Debt to EBITDA		 1.45 2.44 1.45 -3.57 -6.99 -8.98 -8.06 -6.93 -6.49 -10.52
Long-Term Debt to EBITDA		 2.91 4.15 10.98 9.90 7.55 5.32 5.50 4.83 5.37 5.80
Debt to NOPAT		 2.67 4.85 11.50 12.13 8.47 6.03 6.10 5.16 6.46 7.77
Net Debt to NOPAT		 1.33 2.85 1.52 -4.14 -7.31 -9.34 -8.94 -6.72 -7.80 -13.09
Long-Term Debt to NOPAT		 2.67 4.85 11.50 11.49 7.90 5.54 6.10 4.68 6.46 7.22
Noncontrolling Interest Sharing Ratio		 10.32% 9.95% 9.85% 9.81% 9.35% 9.06% 8.72% 8.60% 8.20% 7.93%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -439 -8.81 -1,943 -1,467 -1,118 -577 636 795 244 -72
Operating Cash Flow to CapEx		 186.92% -1,139.49% 795.01% 697.38% 2,369.86% -575.65% -425.27% 38.18% 204.10% 405.53%
Free Cash Flow to Firm to Interest Expense		 -5.71 -0.07 -11.77 -8.90 -6.33 -3.33 3.71 4.78 1.41 -0.44
Operating Cash Flow to Interest Expense		 1.42 -2.20 0.11 0.54 0.77 -0.68 -0.11 0.04 0.14 0.82
Operating Cash Flow Less CapEx to Interest Expense		 0.66 -2.39 0.09 0.46 0.74 -0.80 -0.14 -0.06 0.07 0.62
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.03 0.03 0.03 0.03 0.04 0.04 0.04 0.03 0.03
Fixed Asset Turnover		 87.49 73.23 75.90 86.81 98.52 92.46 97.46 104.85 101.74 101.84
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 2,192 2,508 3,779 3,809 3,397 3,148 3,193 3,072 3,200 3,247
Invested Capital Turnover		 0.37 0.26 0.23 0.21 0.25 0.27 0.22 0.23 0.22 0.22
Increase / (Decrease) in Invested Capital		 503 38 1,996 1,515 1,205 639 -586 -737 -198 99
Enterprise Value (EV)		 1,495 1,709 1,034 280 -368 -389 -391 -67 -79 -712
Market Capitalization		 957 921 585 946 1,078 1,810 1,671 1,519 1,472 1,526
Book Value per Share		 $38.49 $38.91 $40.61 $42.20 $45.50 $47.77 $49.48 $50.84 $52.48 $54.19
Tangible Book Value per Share		 $38.38 $38.80 $40.49 $42.09 $45.39 $47.65 $49.36 $50.72 $52.36 $54.08
Total Capital		 2,192 2,508 3,779 3,809 3,397 3,148 3,193 3,072 3,200 3,247
Total Debt		 805 1,106 2,358 2,352 1,836 1,509 1,501 1,325 1,399 1,410
Total Long-Term Debt		 805 1,106 2,358 2,228 1,712 1,385 1,501 1,201 1,399 1,311
Net Debt		 401 650 311 -803 -1,584 -2,337 -2,200 -1,724 -1,689 -2,376
Capital Expenditures (CapEx)		 58 26 2.21 13 5.74 21 4.43 16 12 33
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 805 1,106 2,358 2,352 1,836 1,509 1,501 1,325 1,399 1,410
Total Depreciation and Amortization (D&A)		 -42 2.56 -17 28 -69 -12 -1.41 -5.38 6.39 1.99
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.89 $0.81 $1.58 $1.41 $2.65 $1.85 $1.46 $1.72 $1.36 $0.74
Adjusted Weighted Average Basic Shares Outstanding		 32.52M 31.60M 31.25M 31.29M 31.41M 31.48M 31.65M 31.70M 31.35M 31.47M
Adjusted Diluted Earnings per Share		 $1.85 $0.81 $1.55 $1.39 $2.58 $1.80 $1.40 $1.66 $1.31 $0.72
Adjusted Weighted Average Diluted Shares Outstanding		 32.52M 31.60M 31.25M 31.29M 31.41M 31.48M 31.65M 31.70M 31.35M 31.47M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.81 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 32.52M 31.60M 31.25M 31.29M 31.41M 31.48M 31.65M 31.70M 31.35M 31.47M
Normalized Net Operating Profit after Tax (NOPAT)		 64 29 54 48 87 62 50 58 32 27
Normalized NOPAT Margin		 42.60% 20.15% 31.97% 26.25% 39.88% 32.48% 27.38% 29.23% 19.28% 16.08%
Pre Tax Income Margin		 54.54% 25.16% 40.64% 37.70% 50.67% 43.88% 36.00% 38.81% 27.54% 21.42%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 1.06 0.27 0.41 0.41 0.62 0.48 0.38 0.46 0.27 0.22
NOPAT to Interest Expense		 0.83 0.21 0.33 0.29 0.49 0.36 0.29 0.35 0.27 0.17
EBIT Less CapEx to Interest Expense		 0.31 0.07 0.40 0.34 0.59 0.37 0.36 0.37 0.20 0.02
NOPAT Less CapEx to Interest Expense		 0.07 0.02 0.31 0.21 0.46 0.24 0.26 0.25 0.20 -0.04
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 2.80% 4.09% 5.34% 6.41% 6.35% 5.85% 6.09% 5.98% 7.07% 8.35%
Augmented Payout Ratio		 21.30% 18.63% 37.86% 29.69% 27.18% 21.76% 6.09% 5.98% 15.47% 18.95%

Key Financial Trends

Customers Bancorp (NYSE: CUBI) has shown notable financial trends over the last four years across its income, cash flow, and balance sheet statements.

Key Positive Highlights:

  • Net income attributable to common shareholders has generally increased over the last four years, reaching $23.3 million in Q4 2024 compared to $25.6 million in Q4 2022, showing relative stability in profitability despite quarterly fluctuations.
  • Net interest income, a crucial component for a bank, has remained robust around $160 million to $170 million per quarter in 2024, slightly lower than the peak in 2023 but stable.
  • Total assets have steadily grown, reaching approximately $21.5 billion by Q3 2024, up from around $20.4 billion in Q4 2022, indicating growth in the bank’s asset base.
  • Customer deposits have increased substantially, with interest-bearing deposits rising from about $13 billion in early 2023 to nearly $14 billion by late 2024, reflecting strong client trust and funding.
  • Operating cash flow has turned strongly positive in 2024 quarters, with Q4 2024 showing $133 million in net cash from operating activities compared to more volatile cash flows in prior years, signifying improving operational efficiency.

Neutral Financial Factors:

  • Provision for credit losses has fluctuated significantly, increasing to about $21 million in Q4 2024 compared to $13.5 million in Q4 2023, reflecting the bank's cautious stance on possible loan defaults amid economic conditions.
  • Non-interest income has been volatile and slightly negative in Q4 2024 (-$0.39 million) compared to positive figures in prior quarters, mainly due to net realized and unrealized losses on investments.
  • Total non-interest expenses have increased modestly to $110 million in Q4 2024 from around $94 million in Q4 2022, indicating higher operational costs, but these remain aligned with the bank’s growth.
  • Long-term debt has fluctuated, with repayments and issuances affecting interest expense variably, complicating clear assessment but showing active capital management.

Negative Considerations:

  • Net realized & unrealized capital losses on investments impacted Q4 2024 results with a significant negative impact of $26.7 million versus minor losses or gains in prior quarters, which pressured non-interest income.
  • Fluctuations in net cash from investing activities, particularly large swings in the sale/purchase of investment securities (e.g., $786 million purchase against $6.2 billion sale in Q4 2024), indicate potential volatility in investment portfolio management.
  • The bank experienced high repayment of debt at times, including $340 million in Q4 2023 and $25 million in Q4 2024, which may pressure liquidity if not balanced with new issuances or deposit growth.
  • The accumulated other comprehensive loss (AOCI) has grown negative over time, reaching approximately -$106 million by Q3 2024, suggesting ongoing challenges in unrealized gains/losses affecting equity.
  • Dividend payments and common equity repurchases, while showing shareholder return, have reduced cash reserves each quarter, requiring careful liquidity monitoring.

Summary: Customers Bancorp has demonstrated solid deposit growth and stable core earnings through net interest income, supporting its expanding asset base over four years. However, investment-related losses and increased credit loss provisions highlight some emerging risks. Operational expenses have grown in line with business expansion, while cash flows from operations have improved notably in 2024. Investors should watch fluctuations in non-interest income and cash flow volatility from investing and financing activities as potential volatility factors.

08/25/25 02:59 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Customers Bancorp's Financials

When does Customers Bancorp's fiscal year end?

According to the most recent income statement we have on file, Customers Bancorp's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Customers Bancorp's net income changed over the last 10 years?

Customers Bancorp's net income appears to be on an upward trend, with a most recent value of $181.47 million in 2024, rising from $43.21 million in 2014. The previous period was $250.14 million in 2023. See Customers Bancorp's forecast for analyst expectations on what’s next for the company.

How has Customers Bancorp's revenue changed over the last 10 years?

Over the last 10 years, Customers Bancorp's total revenue changed from $177.05 million in 2014 to $714.84 million in 2024, a change of 303.8%.

How much debt does Customers Bancorp have?

Customers Bancorp's total liabilities were at $20.47 billion at the end of 2024, a 4.0% increase from 2023, and a 220.8% increase since 2014.

How much cash does Customers Bancorp have?

In the past 10 years, Customers Bancorp's cash and equivalents has ranged from $17.70 million in 2018 to $78.09 million in 2020, and is currently $56.79 million as of their latest financial filing in 2024.

How has Customers Bancorp's book value per share changed over the last 10 years?

Over the last 10 years, Customers Bancorp's book value per share changed from 16.58 in 2014 to 54.19 in 2024, a change of 226.9%.


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This page (NYSE:CUBI) was last updated on 8/25/2025 by MarketBeat.com Staff
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