NYSE : CUBI
Customers Bancorp, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 84.16 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.81B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 1.09B | 1.03B | 947.53M | 1.03B | 745.31M | 736.82M |
| Interest Income on Investments | 315.10M | 325.24M | 380.30M | 334.62M | 140.06M | 44.06M |
| Total Interest Income | 1.41B | 1.36B | 1.33B | 1.37B | 885.37M | 780.88M |
| Interest Paid on Deposits | 527.66M | 539.13M | 603.31M | 576.44M | 226.24M | 62.64M |
| Interest Paid on Borrowings | 82.04M | 69.97M | 70.12M | 103.47M | 35.41M | 33.17M |
| Total Interest Expense | 609.70M | 609.10M | 673.43M | 679.91M | 261.65M | 95.81M |
| Net Interest Income | 797.22M | 750.49M | 654.40M | 687.45M | 623.72M | 685.07M |
| Mortgage Banking Activities | 5.29M | 4.75M | 4.10M | 4.39M | 6.74M | 12.87M |
| Gain (Loss) on Sale of Assets | -2.84M | |||||
| Gain (Loss) on Sale of Investments | 190.00K | -52.96M | -27.01M | -574.00K | -23.16M | 31.39M |
| Gain (Loss) on Sale of Equity Investments | 11.43M | |||||
| Other Non-Interest Income | 123.76M | 116.09M | 87.54M | 72.98M | 61.49M | 25.11M |
| Total Non-Interest Income | 132.24M | 67.82M | 60.43M | 70.56M | 24.75M | 77.87M |
| Revenues Before Loan Losses | 929.46M | 818.31M | 714.84M | 758.01M | 648.47M | 762.94M |
| Provision for Loan Losses | 94.21M | 97.96M | 73.45M | 74.61M | 60.07M | 27.43M |
| Revenue | 835.25M | 720.35M | 641.39M | 683.40M | 588.41M | 735.51M |
| Salaries and Employee Benefits | 196.89M | 170.53M | 161.40M | 120.69M | 98.22M | 94.34M |
| Occupancy Expenses | 53.89M | 41.94M | 34.74M | 32.10M | 26.28M | 20.12M |
| Federal Deposit Insurance | 26.55M | 41.18M | 41.68M | 35.04M | 8.87M | 10.06M |
| Selling, General & Administrative | 125.48M | 126.79M | 128.65M | 124.28M | 139.46M | 135.46M |
| Other Non-Interest Expense | 54.78M | 51.48M | 50.54M | 36.47M | 31.81M | 34.33M |
| Total Non-Interest Expense | 457.58M | 431.92M | 417.01M | 348.57M | 304.63M | 294.31M |
| EBT Excluding Unusual Items | 377.67M | 288.43M | 224.37M | 334.84M | 283.78M | 441.21M |
| Legal Settlements | -4.10M | 7.52M | ||||
| Pretax Income | 377.67M | 288.43M | 224.37M | 330.74M | 291.30M | 441.21M |
| Income Tax Expense | 83.58M | 64.34M | 42.90M | 80.60M | 63.26M | 86.94M |
| Earnings From Continuing Operations | 294.09M | 224.09M | 181.47M | 250.14M | 228.03M | 354.27M |
| Earnings From Discontinued Operations | -39.62M | |||||
| Net Income | 294.09M | 224.09M | 181.47M | 250.14M | 228.03M | 314.65M |
| Preferred Dividends & Other Adjustments | 4.40M | 14.90M | 15.04M | 14.70M | 9.63M | 14.51M |
| Net Income to Common | 289.68M | 209.18M | 166.43M | 235.45M | 218.40M | 300.13M |
| Basic Shares Outstanding | 33.94M | 32.39M | 31.51M | 31.44M | 32.63M | 32.31M |
| Diluted Shares Outstanding | 35.10M | 33.44M | 32.72M | 32.16M | 33.55M | 33.70M |
| EPS (Basic) | 8.53 | 6.46 | 5.28 | 7.49 | 6.69 | 9.29 |
| EPS (Diluted) | 8.27 | 6.26 | 5.09 | 7.32 | 6.51 | 8.90 |
| Effective Tax Rate | 22.13% | 22.31% | 19.12% | 24.37% | 21.72% | 19.71% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.62B | 4.41B | 3.79B | 3.85B | 455.81M | 518.03M |
| Investment Securities | 4.17B | 813.15M | 1.29B | 1.77B | 2.02B | 1.98B |
| Trading Asset Securities | 11.32M | 15.22M | 17.90M | 44.37M | 27.30M | |
| Mortgage-Backed Securities | 1.85B | 1.72B | 1.74B | 1.81B | 1.84B | |
| Total Investments | 4.17B | 2.68B | 3.03B | 3.53B | 3.87B | 3.84B |
| Gross Loans | 18.40B | 16.82B | 14.49B | 12.90B | 15.49B | 14.61B |
| Allowance for Loan Losses | -172.12M | -155.66M | -136.78M | -135.31M | -130.92M | -137.80M |
| Other Adjustments to Gross Loans | -65.88M | -45.47M | -34.59M | -24.90M | -57.38M | |
| Net Loans | 18.23B | 16.60B | 14.31B | 12.73B | 15.34B | 14.41B |
| Property, Plant & Equipment | 19.19M | 353.37M | 255.93M | 227.55M | 221.03M | 138.95M |
| Other Intangible Assets | 3.63M | 3.63M | 3.63M | 3.63M | 3.63M | 3.74M |
| Loans Held for Sale | 109.51M | 26.10M | 204.79M | 340.32M | 328.31M | 16.25M |
| Accrued Interest Receivable | 113.42M | 103.63M | 108.35M | 114.77M | 123.37M | 92.24M |
| Long-Term Deferred Tax Assets | 1.68M | 12.61M | 45.81M | |||
| Other Real Estate Owned & Foreclosed | 38.16M | 12.47M | 99.00K | |||
| Other Long-Term Assets | 953.81M | 705.25M | 608.11M | 516.59M | 509.13M | 509.87M |
| Total Assets | 27.41B | 24.90B | 22.31B | 21.32B | 20.90B | 19.58B |
| Interest Bearing Deposits | 15.35B | 13.27B | 12.44B | 13.31B | 16.19B | 12.06B |
| Institutional Deposits | 1.20B | 803.10M | 186.30M | 85.50M | 259.00M | |
| Non-Interest Bearing Deposits | 7.21B | 6.30B | 5.61B | 4.42B | 1.89B | 4.46B |
| Total Deposits | 22.56B | 20.78B | 18.85B | 17.92B | 18.16B | 16.78B |
| Short-Term Borrowings | 15.70M | 122.57M | 27.10M | 342.08M | 801.54M | |
| Current Portion of Long-Term Debt | 24.91M | 99.77M | ||||
| Current Portion of Leases | 7.44M | |||||
| Accrued Interest Payable | 246.75M | 216.75M | 140.42M | 192.21M | 159.94M | 197.22M |
| Long-Term Debt | 271.18M | 380.36M | 281.58M | 281.16M | 305.53M | 304.99M |
| Federal Home Loan Bank Debt, Long-Term | 2.14B | 1.33B | 1.03B | 1.20B | 500.00M | |
| Long-Term Leases | 34.28M | 37.88M | 18.05M | 19.05M | 14.52M | |
| Pension & Post-Retirement Benefits | 11.00M | 9.40M | 8.10M | 6.60M | 7.90M | |
| Long-Term Deferred Tax Liabilities | 2.05M | 2.84M | ||||
| Other Long-Term Liabilities | 9.00M | 4.90M | 2.90M | 3.00M | 2.10M | |
| Total Liabilities | 25.22B | 22.78B | 20.47B | 19.68B | 19.49B | 18.21B |
| Preferred Stock, Redeemable | 137.79M | 137.79M | 137.79M | 137.79M | ||
| Common Stock | 36.54M | 36.19M | 35.76M | 35.46M | 35.01M | 34.72M |
| Additional Paid-In Capital | 675.69M | 666.76M | 575.33M | 564.54M | 551.72M | 542.39M |
| Retained Earnings | 1.75B | 1.54B | 1.33B | 1.16B | 924.13M | 705.73M |
| Treasury Stock | -156.31M | -68.57M | -141.65M | -122.41M | -82.60M | -49.44M |
| Comprehensive Income & Other | -118.01M | -54.05M | -96.56M | -136.57M | -163.10M | -4.98M |
| Total Common Equity | 2.19B | 2.12B | 1.70B | 1.50B | 1.27B | 1.23B |
| Shareholders' Equity | 2.19B | 2.12B | 1.84B | 1.64B | 1.40B | 1.37B |
| Total Liabilities & Equity | 27.41B | 24.90B | 22.31B | 21.32B | 20.90B | 19.58B |
| Total Debt | 2.41B | 1.76B | 1.47B | 1.55B | 1.17B | 1.22B |
| Net Cash (Debt) | 1.22B | 2.66B | 2.33B | 2.31B | -666.48M | -675.50M |
| Net Cash Per Share | 34.66 | 79.55 | 71.24 | 71.83 | -19.87 | -20.05 |
| Filing Date Shares Outstanding | 33.34M | 34.21M | 31.47M | 31.48M | 31.60M | 32.95M |
| Total Common Shares Outstanding | 33.34M | 34.19M | 31.35M | 31.44M | 32.37M | 32.91M |
| Book Value Per Share | 65.77 | 61.87 | 54.20 | 47.73 | 39.08 | 37.32 |
| Tangible Book Value | 2.19B | 2.11B | 1.70B | 1.50B | 1.26B | 1.22B |
| Tangible Book Value Per Share | 65.66 | 61.77 | 54.08 | 47.61 | 38.97 | 37.21 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 224.09M | 181.47M | 250.14M | 228.03M | 314.65M | |
| Depreciation & Amortization | 3.47M | 1.01M | 1.92M | 4.18M | 3.84M | |
| Other Amortization | 38.34M | 32.54M | 29.90M | 22.98M | 17.82M | |
| Gain (Loss) on Sale of Assets | 2.84M | |||||
| Gain (Loss) on Sale of Investments | 47.94M | 20.76M | -6.44M | 22.96M | -38.12M | |
| Total Asset Writedown | 124.00K | 1.36M | ||||
| Provision for Credit Losses | 53.96M | 46.72M | -15.97M | 6.55M | -196.38M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 75.42M | -12.68M | -206.09M | -306.90M | -8.71M | |
| Accrued Interest Receivable | -26.15M | -99.98M | 23.58M | -3.59M | 46.66M | |
| Other Operating Activities | -22.25M | -10.59M | 10.40M | -8.79M | 48.96M | |
| Net Cash from Discontinued Operations | -24.38M | |||||
| Operating Cash Flow | 494.76M | 145.06M | 124.73M | -20.82M | 271.16M | |
| Capital Expenditures | -161.06M | -65.19M | -41.34M | -113.35M | -32.95M | |
| Sale of Property, Plant and Equipment | 17.98M | 18.49M | 2.61M | 7.49M | 10.09M | |
| Investment in Securities | 326.93M | 679.72M | 798.65M | 149.79M | -2.62B | |
| Income (Loss) Equity Investments | -11.43M | |||||
| Divestitures | 3.77M | |||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -2.23B | -1.66B | 2.38B | -1.35B | 1.47B | |
| Other Investing Activities | -10.03M | 18.44M | 21.53M | 8.63M | -37.68M | |
| Investing Cash Flow | -2.06B | -1.01B | 3.16B | -1.30B | -1.20B | |
| Short-Term Debt Issued | 100.00M | |||||
| Long-Term Debt Issued | 588.35M | 155.00M | 2.56B | 500.00M | 98.80M | |
| Total Debt Issued | 588.35M | 255.00M | 2.56B | 500.00M | 98.80M | |
| Short-Term Debt Repaid | -100.00M | -300.00M | -475.00M | -325.00M | ||
| Long-Term Debt Repaid | -200.00M | -350.00M | -1.86B | -100.00M | -4.42B | |
| Total Debt Repaid | -300.00M | -350.00M | -2.17B | -575.00M | -4.74B | |
| Net Debt Issued (Repaid) | 288.35M | -95.00M | 400.00M | -75.00M | -4.64B | |
| Issuance of Common Stock | 165.85M | 1.76M | 3.11M | 533.00K | 27.76M | |
| Repurchase of Common Stock | -19.14M | -24.70M | -42.24M | -38.23M | -33.23M | |
| Preferred Share Repurchases | -142.50M | -82.50M | ||||
| Preferred Dividends Paid | -10.80M | -15.15M | -14.64M | -9.33M | -10.83M | |
| Total Dividends Paid | -10.80M | -15.15M | -14.64M | -9.33M | -10.83M | |
| Net Increase (Decrease) in Deposit Accounts | 1.91B | 933.70M | -238.15M | 1.38B | 5.47B | |
| Other Financing Activities | 26.80M | |||||
| Financing Cash Flow | 2.19B | 800.62M | 108.09M | 1.26B | 754.77M | |
| Net Cash Flow | 625.53M | -60.41M | 3.39B | -62.23M | -175.32M | |
| Free Cash Flow | 333.70M | 79.87M | 83.39M | -134.17M | 238.21M | |
| Free Cash Flow Margin | 46.33% | 12.45% | 12.20% | -22.80% | 32.39% | |
| Free Cash Flow Per Share | 9.98 | 2.44 | 2.59 | -4.00 | 7.07 | |
| Cash Interest Paid | 600.87M | 715.21M | 649.54M | 226.99M | 107.92M | |
| Cash Income Tax Paid | 36.08M | 57.59M | 44.97M | 80.05M | 94.09M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.81B | 2.50B | 1.53B | 1.81B | 921.49M | 2.12B |
| Last Close Price | 84.16 | 73.12 | 48.68 | 57.62 | 28.34 | 65.37 |
| PE Ratio | 10.18 | 11.94 | 9.17 | 7.69 | 4.22 | 7.06 |
| PS Ratio | 3.36 | 3.47 | 2.38 | 2.65 | 1.57 | 2.88 |
| PB Ratio | 1.28 | 1.18 | 0.83 | 1.10 | 0.66 | 1.55 |
| P/FCF Ratio | 12.25 | 7.49 | 19.11 | 21.71 | 8.89 | |
| P/OCF Ratio | 7.37 | 5.05 | 10.52 | 14.51 | 7.81 | |
| Debt / Equity Ratio | 1.10 | 0.83 | 0.80 | 0.95 | 0.83 | 0.89 |
| Debt / FCF Ratio | 5.28 | 18.41 | 18.64 | 5.12 | ||
| Net Debt / Equity Ratio | -0.56 | -1.26 | -1.27 | -1.41 | 0.47 | 0.49 |
| Net Debt / FCF Ratio | -7.97 | -29.18 | -27.70 | -4.97 | 2.84 | |
| Return on Equity (ROE) | 13.62% | 11.34% | 10.44% | 16.45% | 16.47% | 28.53% |
| Return on Assets (ROA) | 1.14% | 0.95% | 0.83% | 1.19% | 1.13% | 1.86% |
| Earnings Yield | 9.82% | 8.97% | 11.89% | 13.82% | 24.75% | 14.85% |
| FCF Yield | 8.16% | 13.36% | 5.23% | 4.61% | -14.56% | 11.24% |
| Payout Ratio | 4.82% | 8.35% | 5.85% | 4.09% | 3.44% | |
| Buyback Yield / Dilution | -7.26% | -2.20% | -1.74% | 4.14% | 0.45% | -6.21% |