CUBI
Income statement / Annual
Last year (2024), Customers Bancorp, Inc.'s total revenue was $1.36 B,
a decrease of 4.22% from the previous year.
In 2024, Customers Bancorp, Inc.'s net income was $181.47 M.
See Customers Bancorp, Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
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 |
| Operating Revenue |
$1.36 B |
$1.42 B |
$895.10 M |
$844.61 M |
$600.55 M |
$496.09 M |
$474.77 M |
$449.39 M |
$376.85 M |
$276.44 M |
| Cost of Revenue |
$746.88 M
|
$754.52 M
|
$321.72 M
|
$123.24 M
|
$202.39 M
|
$210.66 M
|
$165.72 M
|
$112.28 M
|
$76.08 M
|
$74.13 M
|
| Gross Profit |
$614.05 M
|
$666.33 M
|
$573.38 M
|
$721.38 M
|
$398.16 M
|
$285.44 M
|
$309.05 M
|
$337.12 M
|
$300.76 M
|
$202.31 M
|
| Gross Profit Ratio |
0.45
|
0.47
|
0.64
|
0.85
|
0.66
|
0.58
|
0.65
|
0.75
|
0.8
|
0.73
|
| 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 |
$217.52 M
|
$168.31 M
|
$121.23 M
|
$118.26 M
|
$105.73 M
|
$130.99 M
|
$157.94 M
|
$149.31 M
|
$120.58 M
|
$80.10 M
|
| Selling & Marketing Expenses |
$4.49 M
|
$3.10 M
|
$2.54 M
|
$1.52 M
|
$1.80 M
|
$2.69 M
|
$2.45 M
|
$1.47 M
|
$1.55 M
|
$1.48 M
|
| Selling, General & Administrative Expenses |
$222.01 M
|
$171.41 M
|
$123.78 M
|
$119.78 M
|
$107.52 M
|
$133.68 M
|
$160.38 M
|
$150.78 M
|
$122.13 M
|
$81.58 M
|
| Other Expenses |
$167.67 M
|
$164.18 M
|
$158.31 M
|
$160.39 M
|
$100.88 M
|
$43.97 M
|
$57.61 M
|
$62.46 M
|
$54.04 M
|
$32.24 M
|
| Operating Expenses |
$389.68 M
|
$335.59 M
|
$282.09 M
|
$280.17 M
|
$208.40 M
|
$177.66 M
|
$218.00 M
|
$213.24 M
|
$176.17 M
|
$113.82 M
|
| Cost And Expenses |
$1.14 B
|
$1.09 B
|
$603.81 M
|
$403.40 M
|
$410.79 M
|
$388.31 M
|
$383.71 M
|
$325.52 M
|
$252.25 M
|
$187.95 M
|
| Interest Income |
$1.33 B
|
$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
|
| Interest Expense |
$673.43 M
|
$679.91 M
|
$261.65 M
|
$95.81 M
|
$139.62 M
|
$186.43 M
|
$160.07 M
|
$105.51 M
|
$73.04 M
|
$53.56 M
|
| Depreciation & Amortization |
$33.55 M
|
$31.81 M
|
$27.16 M
|
$21.67 M
|
$18.51 M
|
$13.61 M
|
$14.16 M
|
$10.80 M
|
$5.90 M
|
$4.00 M
|
| EBITDA |
$257.93 M |
$362.55 M |
$318.45 M |
$462.88 M |
$208.27 M |
$121.39 M |
$105.21 M |
$134.68 M |
$130.49 M |
$92.49 M |
| EBITDA Ratio |
0.19
|
0.26
|
0.36
|
0.55
|
0.35
|
0.24
|
0.22
|
0.3
|
0.35
|
0.33
|
| Operating Income Ratio |
0.16
|
0.23
|
0.33
|
0.52
|
0.32
|
0.22
|
0.19
|
0.28
|
0.33
|
0.32
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$224.37 M
|
$330.74 M
|
$291.30 M
|
$441.21 M
|
$189.76 M
|
$107.78 M
|
$91.05 M
|
$123.88 M
|
$124.60 M
|
$88.50 M
|
| Income Before Tax Ratio |
0.16
|
0.23
|
0.33
|
0.52
|
0.32
|
0.22
|
0.19
|
0.28
|
0.33
|
0.32
|
| Income Tax Expense |
$42.90 M
|
$80.60 M
|
$63.26 M
|
$86.94 M
|
$46.72 M
|
$26.39 M
|
$19.36 M
|
$45.04 M
|
$45.89 M
|
$29.91 M
|
| Net Income |
$181.47 M
|
$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
|
| Net Income Ratio |
0.13
|
0.18
|
0.25
|
0.37
|
0.22
|
0.16
|
0.15
|
0.18
|
0.21
|
0.21
|
| EPS |
5.28 |
7.49 |
6.69 |
10.51 |
4.09 |
2.08 |
1.81 |
2.1 |
2.51 |
2.09 |
| EPS Diluted |
5.09 |
7.32 |
6.51 |
10.08 |
4.07 |
2.05 |
1.78 |
1.97 |
2.31 |
1.96 |
| Weighted Average Shares Out |
$31.51 M
|
$31.44 M
|
$32.63 M
|
$32.31 M
|
$31.51 M
|
$31.18 M
|
$31.57 M
|
$30.66 M
|
$27.60 M
|
$26.85 M
|
| Weighted Average Shares Out Diluted |
$32.72 M
|
$32.16 M
|
$33.55 M
|
$33.70 M
|
$31.73 M
|
$31.65 M
|
$32.23 M
|
$32.60 M
|
$30.01 M
|
$28.69 M
|
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