Customers Bancorp, Inc. Income Statement

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Income Statement Dec2009 Dec2010 Dec2011 Dec2012 Dec2013 Dec2014 Dec2015 Dec2016 Dec2017 Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & Cost
Provisions 11.78M-10.40M9.45M16.27M5.05M14.75M20.57M3.33M6.77M5.64M24.23M-62.77M-27.43M60.07M74.61M73.45M
Revenue 1.71M65.03M50.25M101.01M126.56M177.05M224.01M24.68M55.96M43.24M1.74M2.53M3.77M3.85M758.01M714.84M
Interest income
Interest income - Loans 12.14M28.93M41.40M70.51M82.58M146.39M233.83M302.82M339.94M373.23M431.49M512.05M734.01M743.95M996.52M901.46M
Interest income - Investments 0.97M3.56M11.72M6.21M3.20M2.30M3.76M1.67M1.46M1.14M65.00M172.98M52.00M90.00M125.00M
Interest Income - Debt Securities 1.14M1.38M14.15M6.73M7.37M10.39M10.40M16.37M25.15M33.21M23.71M24.21M40.41M119.24M200.66M180.29M
Interest Income - Deposits 3.30M1.58M10.95M125.92M190.84M
Other interest income 0.01M0.39M0.42M0.62M1.12M2.85M5.61M5.43M7.76M11.51M8.54M3.75M2.06M9.87M8.04M9.17M
Interest Income - Total 13.49M30.91M61.24M93.81M128.16M190.43M249.85M322.54M372.85M417.95M463.74M543.30M780.88M885.37M1,367.36M1,327.83M
Interest expenses
Interest Expense - Deposits 5.73M11.11M21.86M21.08M21.02M24.45M33.98M48.27M67.58M110.81M141.46M92.05M62.64M226.24M576.44M603.31M
Interest Expense - Debt 0.15M0.07M0.45M0.61M1.19M5.19M6.74M11.60M21.13M31.04M26.52M21.64M10.76M11.46M80.01M52.11M
Interest Expense - Fed Funds 0.09M
Interest Expense - Others 0.00M0.01M2.02M5.34M6.10M6.44M10.06M11.49M11.46M15.18M6.97M13.20M6.42M5.70M
Interest Expenses 11.55M22.46M21.76M24.30M38.50M53.56M73.04M105.51M160.07M186.43M139.62M95.81M261.65M679.91M673.43M
Interest Income - Net 7.15M19.36M38.78M72.05M103.86M151.92M196.29M249.50M267.34M257.88M277.31M403.69M685.07M623.72M687.45M654.40M
Non-interest income
Interest Income - Total -4.63M8.96M31.29M57.78M101.62M137.18M175.72M246.46M260.57M252.24M253.08M340.91M657.65M563.65M612.84M580.95M
Financial Services Fees 5.02M5.65M7.53M12.19M20.22M27.16M
Service Charges 0.46M0.38M0.44M0.48M0.68M0.80M0.94M8.07M10.04M
Investment Gain (Loss) 8.80M-18.66M1.00M20.08M31.39M-23.16M-0.57M-27.01M
Investment Banking Income 0.10M0.33M0.36M0.85M5.34M4.48M3.70M4.90M3.91M2.80M3.56M12.86M-23.50M-1.20M-15.63M
Mortgage Banking 0.07M2.63M5.58M12.29M12.96M8.23M10.39M11.55M9.35M7.16M7.13M11.54M12.87M6.74M4.39M4.10M
Card Income 0.53M0.56M24.68M41.51M
Other Non-Interest Income 0.23M5.26M9.66M6.17M7.34M4.95M13.41M9.92M9.19M16.74M7.27M7.01M12.53M15.70M11.78M10.27M
Non-Interest Income 0.76M45.67M11.47M28.96M22.70M25.13M27.72M56.37M78.91M59.00M35.28M63.82M77.87M32.27M70.56M60.43M
Operating Items
Amortization - Intangibles 0.11M0.09M0.07M
Depreciation & Amortization - Total 0.52M4.39M9.47M14.71M17.82M22.98M29.90M32.54M
Research & Development 2.43M1.80M2.81M6.61M8.47M10.60M26.84M45.88M44.45M45.06M50.67M83.54M85.00M65.55M65.15M
Wages, Salaries and Other 14.03M16.60M23.85M35.49M46.08M58.78M80.64M95.52M104.84M80.12M94.07M108.20M112.36M133.28M175.84M
Rent Expense 1.90M4.29M6.82M6.55M8.06M8.67M10.33M11.16M11.81M11.31M11.36M12.14M13.61M10.07M11.79M
Restructuring Costs 0.53M0.09M0.35M1.20M0.41M4.39M1.37M0.42M
Other Operating Expenses 21.84M30.27M40.94M60.51M80.26M95.68M139.87M157.63M155.14M114.75M136.86M180.38M7.52M247.15M307.53M
Operating Expenses 26.17M36.89M50.65M74.02M96.79M114.95M178.23M215.61M220.18M180.59M214.98M294.31M304.63M352.66M417.01M
Operating Income 9.55M2.05M12.63M17.60M
EBIT 9.55M2.05M12.63M17.60M104.02M142.06M197.64M229.39M251.13M294.21M329.37M537.02M552.95M1,010.65M897.80M
Non-operating items
Other Non Operating Income 40.25M3.16M-3.95M3.21M2.39M
Net income details
EBT 28.47M5.87M36.09M50.30M65.51M88.50M124.59M123.88M91.05M107.78M189.76M441.21M291.30M330.74M224.37M
Tax Provisions 4.73M4.56M12.27M17.60M20.98M29.91M45.89M45.04M19.36M26.39M46.72M86.94M63.26M80.60M42.90M
Profit After Tax 23.73M4.03M23.82M32.69M44.53M58.58M78.70M78.84M71.69M81.39M143.04M354.27M228.03M250.14M181.47M
Income from Continuing Operations 23.73M1.31M23.82M32.69M44.53M58.58M78.70M78.84M71.69M81.39M143.04M354.27M228.03M250.14M181.47M
Consolidated Net Income 23.73M1.31M23.82M32.69M-2.13M-7.24M-14.52M78.84M71.69M-5.66M-13.80M-39.62M228.03M250.14M181.47M
Income towards Parent Company 23.73M1.31M23.82M32.69M-2.13M-7.24M-14.52M78.84M71.69M-5.66M-13.80M-39.62M228.03M250.14M181.47M
Preferred Dividend Payments 0.04M2.49M9.52M14.46M14.46M14.46M14.04M11.69M9.63M14.70M15.04M
Net Income towards Common Stockholders 23.73M3.99M23.82M32.69M43.21M56.09M69.19M64.38M57.24M64.87M118.54M300.13M218.40M235.45M166.43M
Additional items
EPS (Basic) 3.780.401.611.341.672.092.512.101.812.154.0910.516.697.495.28
EPS (Weighted Average and Diluted) 3.690.391.571.301.591.962.311.971.782.124.0710.086.517.325.09
Shares Outstanding (Weighted Average) 12.48M20.31M27.16M26.74M26.88M27.54M30.81M31.69M31.32M31.60M32.41M32.52M31.41M
Tax Rate 16.62%77.75%34.00%35.00%32.03%33.80%36.83%36.36%21.26%24.49%24.62%19.70%21.72%24.37%19.12%