Customers Bancorp (CUBI) Financials

$65.06 +0.54 (+0.83%)

Closing price 03:59 PM Eastern

Extended Trading

$65.21 +0.14 (+0.22%)

As of 06:30 PM Eastern

Annual Income Statements for Customers Bancorp

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Financials Breakdown Chart

Key Financial Trends

Customers Bancorp (NYSE: CUBI) has demonstrated several notable financial trends over the past four years, through Q4 2024, reflecting its operational performance, balance sheet strength, and cash flow management.

Positive Aspects:

Consistent growth in total interest income over time, reaching approximately $330 million in Q4 2024, driven primarily by stable loans and leases interest income (around $240 million quarterly in 2024).
Net interest income remains solid and growing, with Q4 2024 at approximately $167.8 million compared to lower previous quarters, indicating effective interest margin management.
Deposits have increased meaningfully, with total interest bearing deposits rising to nearly $13.4 billion in Q3 2024, supporting asset growth and stable funding.
Loan portfolio growth is evident with net loans and leases reaching about $13.6 billion by Q3 2024, up from approximately $13.3 billion a year prior, highlighting expansion.
Operating cash flow improved markedly in recent quarters, with Q4 2024 showing net cash from operating activities at $133 million versus much lower in prior quarters, bolstering liquidity.
The bank has maintained a positive net income trajectory, delivering $26.9 million net income in Q4 2024 and consistently positive quarterly earnings in 2024, supporting profitability.
Capital position remains solid with total equity around $1.8 billion as of Q3 2024, providing cushion for growth and regulatory compliance.
Controlled operating expenses with total non-interest expense around $110 million in Q4 2024, showing effective expense management despite investment in personnel and technology.
Strategic repayments of debt in Q4 2024 of $25 million, indicating deleveraging and strengthening of capital structure.
Consistent dividend payments to preferred and common shareholders indicate steady shareholder returns and confidence in cash flow generation.

Neutral Aspects:

Fluctuating realized and unrealized capital gains/losses on investments, which notably resulted in negative impacts in Q4 2024 (-$26.7 million) but positive in other quarters, introducing volatility to non-interest income.
Use of amortization expenses as a non-cash adjustment in cash flows averaging between negative $3 million to $12 million quarterly, reflecting intangible asset management.
Variable changes in operating assets and liabilities affecting cash flows with occasional negative fluctuations, reflecting working capital management dynamics.
Some volatility in other investing activities cash flows, with large negative outflows such as -$5.6 billion in Q4 2024, offset by sales/maturities of investments inflows, indicating active portfolio management but with cash flow swings.
Share repurchases occurring sporadically, ranging from zero to -$18 million in past quarters, reflecting flexible capital return policy.

Negative Aspects:

Provision for credit losses has generally increased, peaking around $24 million in some quarters and $21 million in Q4 2024, which may indicate rising credit risk or conservative reserving amidst market uncertainties.
Long-term debt interest expense fluctuated drastically, with some quarters showing negative values (Q4 2023 and Q4 2024) suggesting interest income recognition or beneficial debt management but also debt servicing cost concerns.
Total interest expense remains high, close to $160-$170 million per quarter recently, which impacts net interest margins and overall profitability.
Significant negative swings in net cash from continuing operating activities were noted in past years (e.g., Q4 2023: -$118 million), indicating operational cash flow challenges during certain periods.
Increased marketing and occupancy expenses seen in early 2023 quarters (up to $24 million in occupancy/equipment expense), potentially pressuring operating margins.

Summary: Customers Bancorp has exhibited steady growth in its core lending and deposit businesses, supported by increasing net interest income and a strong capital base. The bank has managed to consistently post positive net income through 2023 and 2024, though earnings per share have fluctuated somewhat due to swings in capital gains/losses and provisions for credit losses. Operational cash flow showed significant recovery in late 2024. However, elevated credit loss provisions and fluctuating interest expense warrant close monitoring. Overall, the company appears well-positioned with continuing profitability and solid balance sheet metrics, but market participants should watch for ongoing credit and expense trends that may impact future earnings.

10/10/25 12:54 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Customers Bancorp's Financials

When does Customers Bancorp's financial year end?

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

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

Customers Bancorp's net income appears to be on an upward trend, with a most recent value of $181.47 million in 2024, rising from $43.21 million in 2014. The previous period was $250.14 million in 2023. Find out what analysts predict for Customers Bancorp in the coming months.

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

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

How much debt does Customers Bancorp have?

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

How much cash does Customers Bancorp have?

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

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

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

Related Companies

This page (NYSE:CUBI) was last updated on 10/9/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Customers Bancorp (CUBI) Financials

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About Customers Bancorp's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Customers Bancorp (CUBI) Financials

Annual Income Statements for Customers Bancorp

Quarterly Income Statements for Customers Bancorp

Annual Cash Flow Statements for Customers Bancorp

Quarterly Cash Flow Statements for Customers Bancorp

Annual Balance Sheets for Customers Bancorp

Quarterly Balance Sheets for Customers Bancorp

Annual Metrics And Ratios for Customers Bancorp

Quarterly Metrics And Ratios for Customers Bancorp

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About Customers Bancorp's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools