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Customers Bancorp (CUBI) Rent Expense (2016 - 2024)

Customers Bancorp (CUBI) has disclosed Rent Expense for 11 consecutive years, with $3.3 million as the latest value for Q4 2024.

  • Quarterly Rent Expense rose 43.75% to $3.3 million in Q4 2024 from the year-ago period, while the trailing twelve-month figure was $11.8 million through Dec 2024, up 17.07% year-over-year, with the annual reading at $15.6 million for FY2025, 32.53% up from the prior year.
  • Rent Expense for Q4 2024 was $3.3 million at Customers Bancorp, up from $3.0 million in the prior quarter.
  • The five-year high for Rent Expense was $4.3 million in Q4 2021, with the low at $2.3 million in Q4 2023.
  • Average Rent Expense over 5 years is $2.9 million, with a median of $2.7 million recorded in 2020.
  • The sharpest move saw Rent Expense skyrocketed 72.4% in 2022, then crashed 41.13% in 2023.
  • Over 5 years, Rent Expense stood at $2.7 million in 2020, then surged by 58.13% to $4.3 million in 2021, then fell by 15.31% to $3.7 million in 2022, then tumbled by 36.82% to $2.3 million in 2023, then surged by 43.75% to $3.3 million in 2024.
  • According to Business Quant data, Rent Expense over the past three periods came in at $3.3 million, $3.0 million, and $3.1 million for Q4 2024, Q3 2024, and Q2 2024 respectively.