Customers Bancorp Income Statement (2014-2024) | CUBI

Frequency:

Period:

1Y 3Y 5Y 7Y 10Y All

Values in:

Download Data

Income Statement	Mar2014	Jun2014	Sep2014	Dec2014	Mar2015	Jun2015	Sep2015	Dec2015	Mar2016	Jun2016	Sep2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024
Revenue & Cost
Provisions	4.37M	2.89M	5.04M	2.46M	2.96M	9.34M	2.09M	6.17M	1.98M	0.79M	0.09M	0.19M	3.05M	0.54M	2.35M	0.83M	2.12M	-0.78M	2.92M	1.39M	4.77M	5.35M	4.43M	9.69M	31.79M	20.95M	12.96M	-2.91M	-2.92M	3.29M	13.16M	13.89M	16.00M	24.16M	-7.99M	28.22M	19.60M	23.63M	17.86M	13.52M	17.07M	18.12M	17.77M	21.19M
Revenue	37.10M	43.84M	45.32M	50.79M	52.06M	52.95M	56.10M	62.77M	63.12M	71.42M	92.07M	79.26M	85.17M	13.51M	9.57M	24.23M	9.66M	9.11M	10.30M	10.89M	12.35M	11.24M	11.78M	-33.63M	0.55M	0.50M	0.65M	0.82M	0.86M	0.89M	0.99M	1.03M	0.94M	0.96M	0.99M	0.96M	168.02M	181.27M	217.55M	191.18M	181.62M	198.69M	167.10M	167.43M
Interest income
Interest income - Loans	28.36M	35.22M	39.64M	43.17M	43.09M	42.80M	46.29M	101.65M	54.47M	59.01M	60.36M	128.97M	75.41M	84.56M	88.74M	91.23M	85.93M	95.24M	97.81M	94.25M	93.12M	103.57M	118.44M	116.36M	116.08M	118.45M	132.11M	145.41M	152.12M	153.61M	233.10M	195.19M	157.12M	168.92M	200.44M	217.47M	244.21M	241.75M	271.11M	239.45M	218.00M	224.26M	228.66M	230.53M
Interest income - Investments	1.08M	0.54M	0.84M	0.74M	0.66M	0.58M	0.55M	0.51M	0.47M	0.50M	0.46M	2.33M	0.49M	0.47M	0.37M	0.35M	0.34M	0.52M	0.31M	0.29M	0.28M	0.38M	0.26M	0.23M
Interest Income - Debt Securities	3.04M	2.64M	2.36M	2.44M	2.36M	2.55M	2.50M	3.16M	3.84M	3.64M	4.91M	4.26M	5.89M	7.82M	7.31M	4.14M	8.67M	9.77M	8.49M	6.28M	6.24M	6.48M	5.87M	5.12M	4.98M	6.16M	6.30M	6.78M	7.98M	8.33M	8.90M	15.20M	20.30M	25.44M	30.55M	42.95M	47.32M	48.03M	54.24M	51.07M	46.80M	47.59M	46.27M	39.64M
Interest Income - Deposits																																	0.33M	0.92M	2.95M	6.75M	10.39M	27.62M	43.80M	44.10M	52.82M	45.51M	44.37M	48.15M
Other interest income	0.40M	0.61M	0.79M	1.05M	2.36M	1.11M	1.16M	0.99M	1.11M	1.24M	1.58M	1.49M	1.80M	1.47M	2.24M	2.25M	2.36M	2.63M	3.73M	2.78M	1.72M	1.90M	2.41M	2.50M	4.29M	0.62M	1.25M	-2.40M	1.02M	0.95M	0.85M	-0.75M	5.68M	1.03M	1.96M	1.20M	1.32M	1.62M	2.53M	2.58M	2.11M	3.01M	1.91M	2.14M
Interest Income - Total	36.87M	45.09M	51.30M	57.16M	58.72M	59.68M	63.74M	67.71M	73.40M	81.32M	84.21M	83.61M	83.09M	93.85M	98.28M	97.62M	96.96M	107.64M	110.05M	103.30M	101.08M	111.95M	126.72M	124.00M	125.34M	125.22M	139.65M	153.09M	161.12M	162.88M	242.85M	214.04M	183.48M	196.33M	235.92M	269.65M	314.94M	330.16M	376.34M	345.92M	331.78M	334.04M	332.11M	329.91M
Interest expenses
Interest Expense - Deposits	5.42M	5.73M	6.18M	7.13M	7.53M	8.14M	9.02M	9.29M	10.21M	11.14M	13.01M	13.90M	14.32M	16.23M	18.38M	18.65M	19.79M	24.18M	32.80M	34.03M	31.23M	35.98M	38.27M	35.99M	34.35M	23.24M	18.35M	16.11M	15.66M	15.65M	15.91M	15.41M	13.71M	22.78M	65.38M	124.37M	143.93M	136.38M	145.82M	150.31M	153.72M	148.78M	155.83M	144.97M
Interest Expense - Debt	0.50M	1.14M	1.71M	1.85M	1.69M	1.80M	1.69M	1.69M	2.27M	3.72M	3.29M	2.32M	3.06M	5.34M	7.03M	5.70M	7.08M	11.18M	9.12M	3.66M	5.29M	7.61M	7.56M	6.06M	5.39M	4.74M	5.76M	5.75M	5.19M	2.69M	2.69M	2.69M	2.69M	2.69M	2.69M	3.40M	2.69M	2.69M	2.69M	71.94M	13.48M	13.44M	12.59M	12.60M
Interest Expense - Fed Funds						1.69M	1.56M		2.27M	3.72M	3.29M		3.06M	5.34M	7.03M		7.08M	11.18M	9.12M		5.29M	7.61M	7.56M
Interest Expense - Others	1.16M	1.18M	1.49M	1.51M	1.49M	1.50M	1.54M	1.57M	1.61M	1.62M	1.64M	1.57M	1.61M	1.99M	3.17M	3.29M	3.38M	3.27M	2.43M	2.40M	3.57M	2.00M	3.47M	2.42M	1.59M	2.57M	5.41M	5.60M	4.84M	4.82M	4.35M	-7.04M	2.38M	3.70M	4.13M	2.99M	1.77M	1.54M	1.57M	1.55M	1.49M	1.43M	1.61M	1.17M
Interest Expenses	7.08M	8.16M	11.08M	12.18M	12.39M	13.12M	13.80M	14.24M	15.77M	18.16M	19.63M	19.48M	20.68M	25.25M	30.27M	29.32M	31.93M	40.32M	46.04M	41.78M	41.77M	47.27M	50.98M	46.40M	44.02M	33.24M	32.21M	30.15M	28.38M	24.12M	22.96M	20.34M	18.78M	31.48M	76.88M	134.51M	165.05M	164.89M	176.57M	173.41M	171.39M	166.38M	173.57M	162.09M
Interest Income - Net	29.79M	36.93M	40.21M	44.99M	46.33M	46.56M	49.94M	53.47M	57.63M	63.16M	64.58M	64.13M	62.42M	68.61M	68.02M	68.30M	65.03M	67.32M	64.00M	61.52M	59.30M	64.68M	75.73M	77.59M	81.32M	91.98M	107.44M	122.95M	132.73M	138.76M	219.89M	193.69M	164.70M	164.85M	159.03M	135.14M	149.90M	165.27M	199.77M	172.51M	160.38M	167.65M	158.54M	167.82M
Non-interest income
Interest Income - Total	25.42M	34.04M	35.18M	42.53M	43.37M	37.22M	47.84M	47.30M	55.65M	62.38M	64.50M	63.94M	59.37M	68.07M	65.67M	67.47M	62.91M	68.11M	61.08M	60.14M	54.54M	59.33M	71.31M	67.90M	49.53M	71.04M	94.48M	125.86M	135.65M	135.47M	206.73M	179.80M	148.70M	141.00M	167.03M	106.92M	130.30M	141.64M	181.92M	158.98M	143.31M	149.53M	141.48M	146.63M
Financial Services Fees																													1.44M	1.67M	1.91M	2.51M	2.54M	2.62M	3.01M	4.02M	3.99M	4.27M	6.03M	5.93M	5.28M	5.23M	8.01M	8.64M
Service Charges	0.21M	0.21M	0.19M	0.18M	0.18M	0.25M	0.27M	0.25M	0.25M	0.28M	4.22M	2.81M	3.13M	0.26M	2.66M	2.12M	2.09M
Investment Gain (Loss)															5.35M	0.27M			-18.70M				1.00M		3.97M	4.35M	11.71M	0.04M	23.57M	1.81M	6.06M	-0.05M	-1.06M	-3.03M	-2.13M	-16.94M			-0.43M	-0.14M	-0.03M	-0.72M		-26.26M
Investment Banking Income	0.50M	0.57M	0.69M	1.94M	1.27M	0.83M	1.13M	1.29M	0.60M	0.40M	1.21M	1.03M	1.42M	0.57M	1.14M	1.34M	1.48M	0.95M	1.10M	0.03M	0.14M			2.20M	0.17M	0.30M	0.30M	3.24M	2.07M	2.20M	5.80M	2.75M	2.07M	1.54M	0.29M	-27.65M		-0.76M	-0.35M	-0.09M	0.07M	-0.24M	-14.55M	-0.85M
Mortgage Banking	1.76M	2.21M	2.15M	2.10M	2.27M	2.80M	2.79M	2.53M	2.55M	3.07M	3.08M	2.85M	2.22M	2.52M	2.40M	2.21M	1.89M	1.97M	1.81M	1.50M	1.31M	1.68M	2.15M	1.98M	1.95M	2.58M	3.32M	3.68M	4.25M	3.27M	3.10M	2.26M	2.02M	1.88M	1.54M	1.29M	1.07M	1.38M	1.02M	0.93M	0.95M	1.06M	1.09M	1.01M
Card Income						0.13M	0.13M	0.17M	0.14M	0.16M	11.55M	10.88M	13.51M	0.13M	9.57M	9.78M	9.66M
Other Non-Interest Income	1.26M	1.41M	0.98M	1.65M	1.14M	1.80M	5.93M	4.53M	1.12M	1.12M	5.76M	2.98M	2.75M	2.26M	3.33M	1.45M	2.90M	2.03M	6.49M	5.02M	3.00M	3.25M	3.19M	-2.17M	19.14M	11.12M	21.95M	-45.20M	14.65M	2.77M	1.99M	6.10M	8.33M	1.95M	3.45M	1.98M	2.65M	5.00M	1.97M	2.16M	3.26M	2.37M	2.05M	2.96M
Non-Interest Income	7.31M	6.91M	5.10M	5.80M	5.73M	6.39M	6.16M	9.30M	5.49M	8.26M	27.49M	15.13M	22.75M	18.39M	18.03M	19.74M	20.91M	16.13M	2.08M	19.88M	19.72M	12.04M	23.37M	25.81M	11.16M	11.71M	24.86M	16.08M	18.47M	16.82M	25.59M	16.99M	21.20M	12.75M	-9.02M	7.34M	18.12M	16.00M	17.77M	18.67M	21.23M	31.04M	8.56M	-0.39M
Operating Items
Depreciation & Amortization - Total																	0.81M	0.92M	1.10M	1.55M	1.92M	2.25M	2.46M	2.84M	3.43M	3.64M	3.66M	3.98M	4.29M	4.42M	4.49M	4.62M	4.94M	5.55M	5.97M	6.52M	7.88M	7.33M	7.34M	7.36M	7.97M	7.83M	7.81M	8.93M
Research & Development	1.56M	2.31M	2.30M	1.70M	2.53M	2.84M	2.42M	2.81M	2.38M	2.45M	12.53M	7.82M	9.92M	8.91M	14.40M	12.66M	9.94M	11.32M	11.66M	11.53M	11.95M	12.40M	8.76M	11.95M	10.54M	11.10M	13.01M	16.02M	19.99M	19.62M	21.28M	22.66M	24.07M	22.74M	19.59M	18.60M	16.59M	16.41M	15.67M	16.89M	21.90M	16.23M	13.59M	13.44M
Wages, Salaries and Other	9.35M	11.59M	12.07M	13.07M	13.95M	14.45M	14.98M	15.40M	16.40M	16.40M	22.68M	22.59M	21.11M	23.65M	24.81M	25.95M	24.93M	27.75M	25.46M	26.71M	25.82M	26.92M	27.19M	0.19M	20.52M	23.19M	24.75M	25.60M	23.97M	28.02M	26.27M	29.94M	26.61M	25.33M	31.23M	29.19M	32.34M	33.12M	33.84M	33.97M	36.02M	44.95M	47.72M	47.15M
Rent Expense	2.64M	1.91M	2.12M	2.00M	2.10M	2.20M	2.17M	2.20M	2.24M	2.36M	2.45M	3.08M	2.71M	2.66M	2.86M	2.93M	2.83M	3.14M	2.90M	2.93M	2.90M	3.06M	3.66M	1.68M	2.61M	2.64M	3.37M	2.74M	2.62M	2.48M	2.70M	4.34M	3.05M	4.28M	2.60M	3.67M	2.76M	2.52M	2.47M	2.32M	2.35M	3.12M	2.99M	3.33M
Restructuring Costs										0.18M	0.14M					0.41M	0.11M	0.87M	2.94M	0.47M							0.66M	0.71M	0.42M
Other Operating Expenses	16.97M	20.99M	20.26M	24.16M	21.41M	18.55M	23.76M	24.58M	29.28M	33.20M	41.10M	39.03M	36.74M	38.85M	43.78M	38.79M	38.58M	37.50M	38.50M	40.56M	37.20M	41.86M	44.72M	42.27M	32.39M	32.41M	35.59M	36.48M	34.61M	44.31M	51.53M	49.93M	41.75M	43.64M	48.04M	7.52M	52.91M	63.04M	-4.10M	4.10M	66.95M	76.28M	79.63M	84.67M
Operating Expenses	21.17M	25.20M	24.68M	27.86M	26.05M	23.58M	28.35M	29.59M	33.91M	38.18M	56.22M	49.92M	49.37M	50.41M	61.04M	54.79M	52.28M	53.75M	57.10M	57.05M	53.98M	59.58M	59.59M	58.74M	48.97M	49.79M	56.28M	59.93M	61.93M	70.82M	80.01M	81.55M	73.81M	76.20M	76.20M	78.42M	80.13M	89.30M	89.47M	93.77M	99.17M	103.45M	104.02M	110.38M
EBIT	18.65M	23.91M	26.69M	32.64M	34.02M	31.08M	37.50M	39.44M	44.82M	54.31M	55.39M	48.63M	53.43M	61.30M	52.92M	61.74M	63.48M	70.80M	52.10M	64.75M	62.04M	59.06M	86.07M	81.38M	55.75M	66.19M	95.27M	112.16M	120.58M	105.59M	175.26M	135.59M	114.87M	109.03M	158.69M	170.36M	233.33M	233.23M	286.79M	257.30M	236.77M	243.50M	219.59M	197.95M
Non-operating items
Non Operating Investment Income																						0.00M	1.33M		-1.38M	1.20M	0.24M		0.97M	1.75M
Other Non Operating Income																									-1.15M	-4.16M	0.55M	0.80M	2.54M	-0.44M	0.52M	0.59M	0.96M	0.82M	0.56M	0.04M
Net income details
EBT	11.56M	15.75M	15.60M	20.47M	21.63M	17.96M	23.70M	25.20M	29.05M	36.14M	35.77M	29.15M	32.76M	36.05M	22.65M	32.42M	31.54M	30.48M	6.06M	22.97M	20.27M	11.79M	35.09M	34.98M	11.73M	32.96M	63.06M	82.01M	92.19M	81.47M	152.31M	115.25M	96.09M	77.55M	81.81M	35.85M	68.28M	68.34M	110.23M	83.89M	65.38M	77.12M	46.02M	35.86M
Tax Provisions	3.43M	5.52M	3.94M	7.29M	8.22M	7.19M	9.15M	8.10M	9.05M	12.96M	14.56M	9.32M	7.01M	12.33M	14.90M	10.81M	7.40M	6.82M	0.03M	5.11M	4.83M	2.49M	8.02M	7.45M	3.27M	7.98M	12.02M	23.45M	17.56M	20.12M	36.26M	12.99M	19.33M	18.90M	17.90M	7.14M	14.56M	20.77M	23.47M	21.80M	15.65M	19.03M	-0.72M	8.95M
Profit After Tax	8.14M	10.23M	11.66M	14.50M	14.83M	12.84M	16.49M	18.91M	18.18M	19.48M	21.21M	19.83M	25.75M	23.72M	7.75M	21.61M	24.14M	23.66M	6.03M	17.86M	15.44M	9.30M	27.07M	27.53M	8.45M	24.98M	51.05M	58.56M	74.63M	61.34M	116.04M	102.25M	76.76M	58.65M	63.91M	28.71M	53.72M	47.57M	86.76M	62.09M	49.73M	58.09M	46.74M	26.91M
Income from Continuing Operations	8.14M	10.23M	11.66M	13.18M	13.41M	10.77M	14.55M	17.10M	20.00M	23.18M	21.21M	19.83M	25.75M	23.72M	7.75M	21.61M	24.14M	23.66M	6.03M	17.86M	15.44M	9.30M	27.07M	27.53M	8.45M	24.98M	51.05M	58.56M	74.63M	61.34M	116.04M	102.25M	76.76M	58.65M	63.91M	28.71M	53.72M	47.57M	86.76M	62.09M	49.73M	58.09M	46.74M	26.91M
Consolidated Net Income	8.14M	10.23M	11.66M	13.18M	-1.41M	-2.07M	-1.94M	-1.81M	-1.81M	-3.70M	-3.36M	-5.66M	-1.90M	-8.44M	7.75M	21.61M	24.14M	23.66M	6.03M	17.86M	15.44M	9.30M	27.07M	27.53M	-6.72M	-3.19M	-0.53M	-3.54M	-38.04M	61.34M	116.04M	-1.58M	76.76M	58.65M	63.91M	28.71M	53.72M	47.57M	86.76M	62.09M	49.73M	58.09M	46.74M	26.91M
Income towards Parent Company	8.14M	10.23M	11.66M	13.18M	-1.41M	-2.07M	-1.94M	-1.81M	-1.81M	-3.70M	-3.36M	-5.66M	-1.90M	-8.44M	7.75M	21.61M	24.14M	23.66M	6.03M	17.86M	15.44M	9.30M	27.07M	27.53M	-6.72M	-3.19M	-0.53M	-3.54M	-38.04M	61.34M	116.04M	-1.58M	76.76M	58.65M	63.91M	28.71M	53.72M	47.57M	86.76M	62.09M	49.73M	58.09M	46.74M	26.91M
Preferred Dividend Payments						0.51M	0.98M	1.01M	1.29M	2.06M	2.55M	3.62M	3.62M	3.62M	3.62M	3.62M	3.62M	3.62M	3.62M	3.62M	3.62M	3.62M	3.62M	3.62M	3.62M	3.58M	3.43M	3.41M	3.39M	3.30M	2.98M	2.02M	1.86M	2.13M	2.55M	3.09M	3.46M	3.57M	3.80M	3.87M	3.80M	3.79M	3.81M	3.65M
Net Income towards Common Stockholders	8.14M	10.23M	11.66M	13.18M	13.95M	11.05M	14.31M	16.78M	16.90M	17.42M	18.66M	16.21M	22.13M	20.11M	4.14M	18.00M	20.53M	20.05M	2.41M	14.25M	11.82M	5.68M	23.45M	23.91M	-0.52M	19.14M	47.09M	52.83M	33.20M	58.04M	110.24M	98.65M	74.90M	56.52M	61.36M	25.62M	50.27M	44.01M	82.95M	58.22M	45.93M	54.30M	42.94M	23.27M
Additional items
EPS (Basic)	0.30	0.38	0.44	0.49	0.55	0.46	0.58	0.67	0.63	0.64	0.68	0.56	0.73	0.66	0.13	0.58	0.65	0.64	0.08	0.45	0.38	0.18	0.75	0.76	0.15	0.68	1.51	1.74	2.23	1.80	3.40	3.07	2.27	1.73	1.89	0.79	1.58	1.41	2.65	1.86	1.46	1.72	1.36	0.74
EPS (Weighted Average and Diluted)	0.29	0.37	0.42	0.47	0.52	0.43	0.54	0.62	0.58	0.59	0.63	0.51	0.67	0.62	0.13	0.55	0.64	0.62	0.07	0.44	0.38	0.18	0.74	0.75	0.15	0.68	1.50	1.73	2.17	1.72	3.25	2.92	2.18	1.68	1.85	0.77	1.55	1.39	2.58	1.79	1.40	1.66	1.31	0.72
Shares Outstanding (Weighted Average)	26.71M	26.72M	26.73M	26.74M	26.81M	26.83M	26.87M	26.88M	26.94M	27.04M	27.29M	27.54M	30.47M	30.64M	30.73M	30.81M	31.44M	31.50M	31.67M	31.69M	31.08M	31.23M	31.23M	31.32M	31.38M	31.47M	31.51M	31.60M	31.93M	32.27M	32.37M	32.41M	32.95M	32.98M	32.45M	32.52M	31.60M	31.25M	31.29M	31.41M	31.48M	31.65M	31.70M
EBITDA	18.65M	23.91M	26.69M	32.64M	34.02M	31.08M	37.50M	39.44M	44.82M	54.31M	55.39M	48.63M	53.43M	61.30M	52.92M	61.74M	64.29M	71.72M	53.20M	66.30M	63.97M	61.31M	88.53M	84.22M	59.18M	69.83M	98.94M	116.14M	124.87M	110.00M	179.76M	140.22M	119.81M	114.58M	164.66M	176.88M	241.21M	240.56M	294.13M	264.65M	244.74M	251.33M	227.40M	206.88M
Tax Rate	29.65%	35.03%	25.25%	35.61%	37.99%	40.03%	38.62%	32.15%	31.16%	35.87%	40.70%	31.97%	21.40%	34.20%	65.77%	33.33%	23.47%	22.37%	0.46%	22.24%	23.83%	21.13%	22.86%	21.30%	27.92%	24.21%	19.05%	28.59%	19.05%	24.70%	23.81%	11.27%	20.12%	24.37%	21.88%	19.91%	21.33%	30.39%	21.29%	25.98%	23.94%	24.68%		24.95%

Research Tools

Customers Bancorp Income Statement (2014-2024) | CUBI

Create an account

Sign In

Reset Password

Get Pro for 60% off