Customers Bancorp (CUBI) Depreciation Expense (2018 - 2024)
Customers Bancorp (CUBI) has disclosed Depreciation Expense for 7 consecutive years, with $8.9 million as the latest value for Q4 2024.
- Quarterly Depreciation Expense rose 21.42% to $8.9 million in Q4 2024 from the year-ago period, while the trailing twelve-month figure was $32.5 million through Dec 2024, up 8.85% year-over-year, with the annual reading at $38.3 million for FY2025, 17.8% up from the prior year.
- Depreciation Expense for Q4 2024 was $8.9 million at Customers Bancorp, up from $7.8 million in the prior quarter.
- The five-year high for Depreciation Expense was $8.9 million in Q4 2024, with the low at $3.4 million in Q1 2020.
- Average Depreciation Expense over 5 years is $5.9 million, with a median of $5.8 million recorded in 2022.
- The sharpest move saw Depreciation Expense skyrocketed 78.21% in 2020, then grew 1.21% in 2024.
- Over 5 years, Depreciation Expense stood at $4.0 million in 2020, then increased by 16.15% to $4.6 million in 2021, then skyrocketed by 40.93% to $6.5 million in 2022, then rose by 12.87% to $7.4 million in 2023, then grew by 21.42% to $8.9 million in 2024.
- According to Business Quant data, Depreciation Expense over the past three periods came in at $8.9 million, $7.8 million, and $7.8 million for Q4 2024, Q3 2024, and Q2 2024 respectively.