CUBI
Income statement / Annual
Last year (2023), Customers Bancorp, Inc.'s total revenue was $683.40 M,
an increase of 8.07% from the previous year.
In 2023, Customers Bancorp, Inc.'s net income was $250.14 M.
See Customers Bancorp, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$683.40 M
|
$632.38 M
|
$748.54 M
|
$502.28 M
|
$356.56 M
|
$314.69 M
|
$343.89 M
|
$270.62 M
|
$222.88 M
|
$175.34 M
|
| Cost of Revenue |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Gross Profit |
$683.40 M |
$632.38 M |
$748.54 M |
$502.28 M |
$356.56 M |
$314.69 M |
$343.89 M |
$270.62 M |
$222.88 M |
$175.34 M |
| Gross Profit Ratio |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$168.31 M
|
$121.23 M
|
$201.81 M
|
$190.53 M
|
$156.97 M
|
$157.94 M
|
$149.31 M
|
$93.33 M
|
$80.10 M
|
$64.10 M
|
| Selling & Marketing
Expenses |
$3.10 M
|
$2.54 M
|
$1.52 M
|
$2.22 M
|
$4.04 M
|
$2.45 M
|
$1.47 M
|
$576,000.00
|
$1.48 M
|
$1.33 M
|
| Selling, General &
Administrative Expenses |
$277.07 M
|
$123.78 M
|
$203.33 M
|
$192.76 M
|
$161.02 M
|
$160.38 M
|
$150.78 M
|
$93.91 M
|
$81.58 M
|
$65.42 M
|
| Other Expenses |
$0.00 |
-$156.44 M |
-$550.28 M |
-$519.08 M |
-$415.46 M |
-$223.95 M |
-$94.08 M |
-$79.15 M |
$0.00 |
$0.00 |
| Operating Expenses |
$277.07 M |
$2.54 M |
-$346.95 M |
-$326.32 M |
-$254.44 M |
-$63.56 M |
$1.47 M |
$576,000.00 |
$1.48 M |
$1.33 M |
| Cost And Expenses |
$277.07 M |
$2.54 M |
-$346.95 M |
-$326.32 M |
-$254.44 M |
-$63.56 M |
$1.47 M |
$576,000.00 |
$1.48 M |
$1.33 M |
| Interest Income |
$1.37 B |
$885.37 M |
$780.88 M |
$543.30 M |
$463.74 M |
$417.95 M |
$372.85 M |
$322.54 M |
$249.85 M |
$190.43 M |
| Interest Expense |
$679.91 M |
$261.65 M |
$95.81 M |
$139.62 M |
$186.43 M |
$160.07 M |
$105.51 M |
$73.02 M |
$53.56 M |
$38.50 M |
| Depreciation &
Amortization |
$31.81 M
|
$22.98 M
|
$21.67 M
|
$18.51 M
|
$22.88 M
|
$14.16 M
|
$10.80 M
|
$5.90 M
|
$4.00 M
|
$3.60 M
|
| EBITDA |
$360.64 M
|
$318.45 M
|
$462.88 M
|
$208.27 M
|
$115.73 M
|
$0.00
|
$134.68 M
|
$130.49 M
|
$100.84 M
|
$0.00
|
| EBITDA Ratio |
0.53 |
0.91 |
0.56 |
0.38 |
0.31 |
0.84 |
0.7 |
0.76 |
0.66 |
0.6 |
| Operating Income Ratio
|
0.59
|
0.87
|
0.54
|
0.35
|
0.29
|
0.8
|
0.67
|
0.32
|
0.64
|
0.58
|
| Total Other
Income/Expenses Net |
-$75.60 M
|
-$33.16 M
|
-$44.39 M
|
-$28.81 M
|
-$13.61 M
|
-$32.00 M
|
-$33.00 M
|
-$42.09 M
|
-$24.39 M
|
-$27.90 M
|
| Income Before Tax |
$330.74 M |
$291.30 M |
$441.21 M |
$175.96 M |
$102.12 M |
$91.05 M |
$123.88 M |
$139.12 M |
$88.50 M |
$63.39 M |
| Income Before Tax Ratio
|
0.48
|
0.46
|
0.59
|
0.35
|
0.29
|
0.29
|
0.36
|
0.51
|
0.4
|
0.36
|
| Income Tax Expense |
$80.60 M |
$63.26 M |
$86.94 M |
$43.38 M |
$22.79 M |
$19.36 M |
$45.04 M |
$51.41 M |
$29.91 M |
$20.17 M |
| Net Income |
$250.14 M |
$228.03 M |
$314.65 M |
$132.58 M |
$79.33 M |
$71.70 M |
$78.84 M |
$78.70 M |
$58.58 M |
$43.21 M |
| Net Income Ratio |
0.37 |
0.36 |
0.42 |
0.26 |
0.22 |
0.23 |
0.23 |
0.29 |
0.26 |
0.25 |
| EPS |
7.49 |
6.69 |
10.51 |
4.09 |
2.08 |
2.27 |
2.57 |
2.85 |
2.18 |
1.62 |
| EPS Diluted |
7.32 |
6.51 |
10.08 |
4.07 |
2.05 |
2.22 |
2.42 |
2.62 |
2.04 |
1.55 |
| Weighted Average Shares
Out |
$31.44 M
|
$32.63 M
|
$32.31 M
|
$31.51 M
|
$31.18 M
|
$31.57 M
|
$30.66 M
|
$27.60 M
|
$26.84 M
|
$26.68 M
|
| Weighted Average Shares
Out Diluted |
$32.16 M
|
$33.55 M
|
$33.70 M
|
$31.73 M
|
$31.65 M
|
$32.23 M
|
$32.60 M
|
$30.01 M
|
$28.68 M
|
$27.90 M
|
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