Customers Bancorp Income Statement (2014-2024) | CUBI

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Income Statement	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024
Revenue & Cost
Provisions (Quarter)	31.79M	20.95M	12.96M	-2.91M	-2.92M	3.29M	13.16M	13.89M	15.27M	24.16M	-7.84M	28.22M	19.60M	22.36M	17.05M	-128.27M	17.07M	17.85M	17.77M	21.19M
Revenue (Quarter)	0.55M	0.50M	0.09M	0.09M	0.86M	0.08M	0.08M	3.52M	0.94M	0.02M	0.07M	-2.65M	168.02M	181.27M	217.55M	191.18M	181.62M	198.69M	167.10M	167.43M
Interest income
Interest income - Loans (Quarter)	116.08M	118.45M	132.11M	145.41M	152.12M	153.61M	233.10M	-536.01M	36.90M	20.60M	0.02M	671.85M	23.60M	1.60M	4.66M	-720.84M	12.05M	13.67M	10.91M	230.53M
Interest income - Investments (Quarter)
Interest Income - Debt Securities (Quarter)	3.66M	6.16M	1.79M	2.06M	7.98M	8.33M	5.10M	15.20M	20.30M	25.44M	3.40M	5.70M	4.53M	5.63M	54.24M	-130.19M	6.39M	10.22M	46.27M	-106.02M
Interest Income - Deposits (Quarter)									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 (Quarter)	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 (Quarter)	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 (Quarter)	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 (Quarter)	5.39M	2.69M	5.76M	5.75M	5.19M	2.69M	0.01M	0.05M	2.69M	2.69M	2.69M	2.69M	2.69M	2.69M	2.69M	71.94M	2.69M	2.73M	3.54M	43.15M
Interest Expense - Fed Funds (Quarter)
Interest Expense - Others (Quarter)	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 (Quarter)	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 (Quarter)	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 (Quarter)	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 (Quarter)					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 (Quarter)
Investment Gain (Loss) (Quarter)	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 (Quarter)	0.01M	0.30M	0.29M	1.41M	1.57M	1.90M	5.36M	1.20M	2.07M	1.54M	-23.50M	-27.65M		0.40M	-0.35M	-0.33M	0.01M	-0.24M	-0.30M	-0.85M
Mortgage Banking (Quarter)	1.95M	2.58M	3.32M	3.68M	0.46M	0.39M	0.42M	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 (Quarter)
Other Non-Interest Income (Quarter)	0.60M	0.37M	1.75M	-3.47M	14.65M	2.77M	8.76M	6.10M	0.32M	1.95M	1.38M	1.98M	2.65M	5.00M	1.97M	0.85M	0.68M	2.01M	0.91M	-2.83M
Non-Interest Income (Quarter)	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 (Quarter)	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 (Quarter)	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 (Quarter)	3.54M	2.97M	24.75M	2.62M	5.88M	6.88M	26.27M	7.06M	6.96M	7.42M	6.27M	29.19M	32.34M	9.19M	8.57M	-64.13M	6.35M	6.10M	47.72M	13.47M
Rent Expense (Quarter)	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 (Quarter)			0.66M	0.71M	0.42M
Other Operating Expenses (Quarter)	32.39M	32.41M	35.59M	36.48M	34.61M	44.31M	51.53M	49.93M	41.75M	43.64M		7.52M	52.91M	63.04M	-4.10M	4.10M	66.95M	76.28M
Operating Expenses (Quarter)	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 (Quarter)	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 (Quarter)	-1.38M	1.20M	0.24M		0.97M	1.75M
Other Non Operating Income (Quarter)	-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 (Quarter)	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 (Quarter)	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 (Quarter)	8.45M	22.72M	50.52M	58.56M	74.63M	61.34M	116.04M	100.67M	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 (Quarter)	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 (Quarter)	-5.35M	-3.19M	-0.53M	-2.32M	-38.04M								53.72M	47.57M	86.76M	62.09M	49.73M	58.09M	46.74M	26.91M
Income towards Parent Company (Quarter)	-5.35M	-3.19M	-0.53M	-2.32M	-38.04M								53.72M	47.57M	86.76M	62.09M	49.73M	58.09M	46.74M	26.91M
Preferred Dividend Payments (Quarter)	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 (Quarter)	-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) (Quarter)	-0.02	0.68	1.49	1.74	2.23	1.80	3.40	3.02	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) (Quarter)	-0.02	0.68	1.50	1.73	2.17	1.72	3.25	2.87	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) (Quarter)	31.39M	31.43M	31.46M	31.51M	31.88M	32.28M	32.21M	32.31M	32.96M	32.71M	32.46M	32.63M	31.82M	31.25M	31.29M	31.44M	31.47M	31.56M	31.56M
EBITDA (Quarter)	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 (Quarter)	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%	-1.58%	24.95%

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Customers Bancorp Income Statement (2014-2024) | CUBI

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