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 mixed financial performance over the past four years through the end of 2024, with notable fluctuations in revenue, expenses, and cash flows. Here’s a summary of the key trends and financial highlights:
- Loans and Leases Interest Income has generally increased over the years, growing from around $200 million in Q3 2022 to approximately $240 million in Q4 2024, indicating growth in core lending activities.
- Net Interest Income remains a strong contributor to total revenue, with Q4 2024 recording $167.8 million, relatively stable compared to prior quarters and years.
- Total Assets have grown consistently, from about $20.4 billion in Q3 2022 to $21.4 billion in Q3 2024, reflecting expansion in the bank's balance sheet.
- Total Liabilities also increased along with assets, showing increased deposits and debt financing, supporting asset growth and business expansion.
- Net Income attributable to Common Shareholders however experienced volatility, with a peak around $83 million in Q4 2023 and falling to $23 million in Q4 2024, suggesting some recent challenges affecting profitability.
- Diluted Earnings per Share have followed a similar pattern to net income, reaching $2.58 in Q4 2023 and dropping to $0.72 in Q4 2024, signaling earnings variability.
- Provision for Credit Losses fluctuated significantly, with an increase to $21.2 million in Q4 2024, up from lower amounts in prior quarters, which may reflect increased risk provisions impacting net earnings negatively.
- Non-Interest Income showed substantial swings, including significant unrealized capital losses in Q4 2024 (-$26.7 million), offsetting gains from other service charges and fees.
- Net Cash from Operating Activities was significantly positive in recent quarters, reaching $133 million in Q4 2024, but was very negative in Q4 2023 (-$118 million), indicating variability in operating cash flow generation.
- Cash and Cash Equivalents fluctuated over time, with notable declines in certain quarters like Q4 2023 but recovery afterward, signaling changes in liquidity management.
Summary: Customers Bancorp has expanded its loan portfolio and balance sheet consistently, supported by growing deposits and financing. However, profitability has been uneven, with increased credit loss provisions and volatile non-interest income weighing on net income in recent quarters. Earnings per share declined notably in late 2024 compared to 2023 highs. The bank’s operating cash flow also experienced substantial swings, which may warrant attention from investors. Overall, while growth trends are positive, recent earnings volatility and loss provisions pose risks that retail investors should monitor.
08/29/25 08:17 AM ETAI Generated. May Contain Errors.