Customers Bancorp, Inc. financial data

Symbol
CUBI, CUBI-PE, CUBI-PF, CUBB on NYSE
Industry
State Commercial Banks
Location
701 Reading Avenue, West Reading, Pennsylvania
State of incorporation
Pennsylvania
Fiscal year end
December 31
Former names
Customers 1st Bancorp, Inc. (to 12/10/2010)
Latest financial report
Q1 2024 - May 9, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 1.26K % -9.53%
Return On Equity 15.5 % +5.23%
Return On Assets 1.14 % +15.2%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 31.5M shares +0.75%
Common Stock, Shares, Outstanding 31.5M shares +0.9%
Entity Public Float 878M USD -15%
Common Stock, Value, Issued 35.5M USD +0.8%
Weighted Average Number of Shares Outstanding, Basic 31.5M shares -1.09%
Weighted Average Number of Shares Outstanding, Diluted 32.9M shares +1.58%

Income Statement

Label TTM Value / Value Unit Change %
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 328M USD +24.4%
Income Tax Expense (Benefit) 81.7M USD +39.6%
Net Income (Loss) Attributable to Parent 246M USD +20.1%
Earnings Per Share, Basic 7.37 USD/shares +23%
Earnings Per Share, Diluted 7.17 USD/shares +22.6%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 3.7B USD +80.8%
Property, Plant and Equipment, Net 7.25M USD -15.5%
Operating Lease, Right-of-Use Asset 16.7M USD -9.55%
Assets 21.3B USD -1.86%
Liabilities 19.7B USD -3.32%
Accumulated Other Comprehensive Income (Loss), Net of Tax -132M USD +15.3%
Retained Earnings (Accumulated Deficit) 1.21B USD +23.7%
Stockholders' Equity Attributable to Parent 1.69B USD +19%
Liabilities and Equity 21.3B USD -1.86%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -18.8M USD -207%
Net Cash Provided by (Used in) Financing Activities 36.8M USD -95.2%
Net Cash Provided by (Used in) Investing Activities -163M USD -120%
Common Stock, Shares Authorized 200M shares 0%
Common Stock, Shares, Issued 35.5M shares +0.8%
Common Stock, Par or Stated Value Per Share 1 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -145M USD -109%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 3.7B USD +80.8%
Interest Paid, Excluding Capitalized Interest, Operating Activities 650M USD +186%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 100M USD -19%
Operating Lease, Liability 19M USD -9.87%
Payments to Acquire Property, Plant, and Equipment 418K USD +222%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 270M USD +143%
Lessee, Operating Lease, Liability, to be Paid 20.6M USD -11.3%
Property, Plant and Equipment, Gross 29.8M USD +1.59%
Lessee, Operating Lease, Liability, to be Paid, Year Two 3.46M USD -5.15%
Lessee, Operating Lease, Liability, to be Paid, Year One 4.22M USD -10.3%
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure 0%
Deferred Income Tax Expense (Benefit) -276K USD -101%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.61M USD -25.3%
Lessee, Operating Lease, Liability, to be Paid, Year Three 2.97M USD +2.99%
Deferred Tax Assets, Operating Loss Carryforwards 643K USD -12.4%
Preferred Stock, Shares Issued 5.7M shares 0%
Deferred Federal Income Tax Expense (Benefit) 17.5M USD +141%
Current Income Tax Expense (Benefit) 58.4M USD +3.66%
Preferred Stock, Shares Authorized 100M shares 0%
Unrecognized Tax Benefits 1.8M USD -55.8%
Lessee, Operating Lease, Liability, to be Paid, Year Four 2.6M USD +9.75%
Operating Lease, Payments 5.1M USD -7.27%
Additional Paid in Capital 567M USD +2.76%
Preferred Stock, Shares Outstanding 5.7M shares 0%
Current State and Local Tax Expense (Benefit) 15.9M USD -15.6%
Current Federal Tax Expense (Benefit) 42.5M USD +13.4%
Share-based Payment Arrangement, Expense 11.2M USD +1.82%
Deferred State and Local Income Tax Expense (Benefit) 4.7M USD
Interest Expense 686M USD +68.2%
Preferred Stock, Par or Stated Value Per Share 1 USD/shares 0%