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.
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 demonstrated solid growth and notable financial trends over the last four years, with detailed quarterly financial data available for 2022 through 2024.
Key Positive Trends:
- Net interest income has shown a general upward trajectory from $135.1 million in Q4 2022 to $167.8 million in Q4 2024, indicating improvement in core banking operations.
- Total deposits, including interest-bearing and non-interest bearing deposits, have grown steadily as seen in the balance sheets (e.g., interest-bearing deposits increased from approximately $13.4 billion in Q3 2023 to about $13.4 billion in Q3 2024), supporting asset growth.
- Provision for credit losses, while variable, has been actively managed, with a decrease noted from $28.2 million in Q4 2022 to a higher level of $21.2 million in Q4 2024, reflecting ongoing risk management in lending.
- Net income attributable to common shareholders has increased from roughly $25.6 million in Q4 2022 to $23.3 million in Q4 2024 on a quarterly basis, showing resilient profitability despite fluctuations.
- Cash and equivalents increased substantially from $41.5 million in Q3 2022 to about $39.4 million in Q3 2024, supporting liquidity.
- The bank has maintained a stable total equity base, with common equity growing from about $1.24 billion in Q3 2022 to approximately $1.66 billion by Q3 2024, indicating capital strength.
- Operating cash flow has increased significantly in recent periods, with net cash from continuing operating activities reaching $133.4 million in Q4 2024 compared to negative or lower amounts in prior quarters, reflecting improved cash generation ability.
Neutral Observations:
- Total revenue and pre-tax income show some variability quarter to quarter, reflecting sensitivity to market and economic conditions, as well as fluctuations in investment securities gains and losses.
- Non-interest income has been volatile, dipping as low as a slight negative total in Q4 2024, mainly due to realized and unrealized capital losses on investments, impacting earnings predictability.
- The bank’s loan and lease portfolio grew steadily but with a consistent allowance for loan losses, maintaining a cautious stance on credit risk without significant write-downs.
Potential Challenges / Negative Factors:
- Sharply negative net realized and unrealized capital gains were recorded in Q4 2024 (-$26.7 million), which severely impacted non-interest income for that quarter and contributed to an overall decline in total non-interest income.
- Interest expenses have occasionally shown spikes, especially related to deposits and long-term debt interest, which can pressure net interest margins (e.g., $162 million in interest expense in Q4 2024, slightly down but still a large component).
- The company has seen fluctuations in cash flows from investing activities. For instance, Q4 2023 showed a positive cash inflow from investing activities, while Q4 2024 experienced negative outflows, reflecting large investments in securities and equipment that could affect near-term liquidity.
- Repurchases of common stock and repayments of debt have imposed cash outflows in several quarters, limiting free cash flow for other uses, though these moves may also reflect capital management strategies.
- The company’s accumulated other comprehensive income (loss) has posted substantial negative balances (e.g., -$106 million in Q3 2024), potentially reflecting volatility in marketable securities or other comprehensive items that may impact equity stability.
Summary:
Across the last four years, Customers Bancorp has expanded its asset base, improved net interest income, and maintained profitability growth, supported by stable capitalization and improving operating cash flows. However, earnings volatility related to investment securities and capital gains, along with interest expense pressures and occasional large cash outflows for investing and financing activities, introduce some risk factors. Retail investors should watch the trends in credit provisions, interest margins, and capital gains impact closely as indicators of ongoing financial health.
08/08/25 06:10 PMAI Generated. May Contain Errors.