Financial Snapshot

Revenue
$997.9M
TTM
Gross Margin
Net Earnings
$201.4M
TTM
Current Assets
Current Liabilities
$186.8M
Q3 2024
Current Ratio
Total Assets
$21.46B
Q3 2024
Total Liabilities
$19.65B
Q3 2024
Book Value
$1.801B
Q3 2024
Cash
Q3 2024
P/E
8.615
Nov 29, 2024 EST
Free Cash Flow
-$155.6M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Revenue $1.367B $885.4M $780.9M $543.3M $463.7M $418.0M $372.9M $322.5M $249.9M $190.4M $128.2M $93.81M $61.25M
YoY Change 54.44% 13.38% 43.73% 17.16% 10.96% 12.1% 15.6% 29.09% 31.21% 48.59% 36.61% 53.18%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Revenue $1.367B $885.4M $780.9M $543.3M $463.7M $418.0M $372.9M $322.5M $249.9M $190.4M $128.2M $93.81M $61.25M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $65.55M $85.00M $83.54M $50.67M $45.06M $44.45M $45.89M $26.84M $10.60M $8.466M $6.607M $2.805M $1.797M
YoY Change -22.88% 1.74% 64.89% 12.44% 1.37% -3.12% 70.96% 153.29% 25.16% 28.14% 135.54% 56.09%
% of Gross Profit
Depreciation & Amortization $31.81M $27.16M $22.00M $19.00M $14.00M $14.00M $11.00M $6.000M $4.000M $4.000M $3.000M $2.000M $1.000M $1.000M $1.000M $1.000M
YoY Change 17.14% 23.44% 15.79% 35.71% 0.0% 27.27% 83.33% 50.0% 0.0% 33.33% 50.0% 100.0% 0.0% 0.0% 0.0%
% of Gross Profit
Operating Expenses $65.55M $85.00M $83.54M $50.67M $45.06M $44.45M $45.89M $26.84M $10.60M $8.466M $6.607M $2.805M $1.797M
YoY Change -22.88% 1.74% 64.89% 12.44% 1.37% -3.12% 70.96% 153.29% 25.16% 28.14% 135.54% 56.09%
Operating Profit
YoY Change

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Interest Expense $679.9M $261.7M $95.81M $139.6M $186.4M $160.1M $105.5M $73.04M $53.56M $38.50M $24.30M $21.76M $22.46M
YoY Change 159.85% 173.1% -31.38% -25.11% 16.46% 51.72% 44.45% 36.37% 39.1% 58.45% 11.67% -3.13%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Pretax Income $330.7M $291.3M $441.2M $189.8M $107.8M $91.05M $123.9M $124.6M $88.50M $65.51M $50.30M $36.09M $5.869M $28.50M -$13.20M -$1.300M
YoY Change 13.54% -33.98% 132.51% 76.06% 18.37% -26.5% -0.57% 40.79% 35.08% 30.25% 39.37% 514.93% -79.41% -315.91% 915.38%
Income Tax $80.60M $63.26M $86.94M $46.72M $26.39M $19.36M $45.04M $45.89M $29.91M $20.98M $17.60M $12.27M $1.835M $4.700M $0.00 -$400.0K
% Of Pretax Income 24.37% 21.72% 19.7% 24.62% 24.49% 21.26% 36.36% 36.83% 33.8% 32.03% 35.0% 34.0% 31.27% 16.49%
Net Earnings $235.4M $218.4M $314.6M $132.6M $79.33M $71.70M $78.84M $78.70M $58.58M $43.21M $32.69M $23.82M $4.034M $23.70M -$13.20M -$800.0K
YoY Change 7.8% -30.59% 137.33% 67.13% 10.65% -9.06% 0.17% 34.34% 35.56% 32.18% 37.27% 490.43% -82.98% -279.55% 1550.0%
Net Earnings / Revenue 17.22% 24.67% 40.29% 24.4% 17.11% 17.15% 21.14% 24.4% 23.45% 22.69% 25.51% 25.39% 6.59%
Basic Earnings Per Share $7.49 $6.69 $9.29 $3.76 $2.08 $1.81 $2.10 $2.51 $2.09 $1.62 $1.34 $1.61 $0.40
Diluted Earnings Per Share $7.32 $6.510M $8.91 $3.74 $2.05 $1.78 $1.97 $2.31 $1.96 $1.55 $1.30 $1.57 $0.39 $3.338M -$10.15M -$363.6K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $7.371M $9.025M $22.00M $29.00M $30.00M $11.00M $12.00M $13.00M $11.00M $11.00M $12.00M $10.00M $8.000M $5.000M $3.000M $3.000M
YoY Change -18.33% -58.98% -24.14% -3.33% 172.73% -8.33% -7.69% 18.18% 0.0% -8.33% 20.0% 25.0% 60.0% 66.67% 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $3.000M $12.00M
YoY Change
Total Long-Term Assets
YoY Change
Total Assets $21.32B $20.90B $19.58B $18.44B $11.52B $9.833B $9.840B $9.383B $8.398B $6.825B $4.153B $3.201B $2.078B $1.374B $350.0M $274.0M
YoY Change
Accounts Payable $248.4M $230.7M $210.0M $74.00M $59.00M $50.00M $46.00M $61.00M $30.00M $24.00M $18.00M $13.00M $9.000M $11.00M $1.000M $1.000M
YoY Change 7.67% 9.84% 183.78% 25.42% 18.0% 8.7% -24.59% 103.33% 25.0% 33.33% 38.46% 44.44% -18.18% 1000.0% 0.0%
Accrued Expenses $18.05M $19.05M $15.00M $19.00M $21.00M
YoY Change -5.24% 26.97% -21.05% -9.52%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $75.00M $250.0M $538.0M $187.0M $155.0M $83.00M $70.00M $13.00M $5.000M $5.000M $0.00
YoY Change -100.0% -70.0% -53.53% 187.7% 20.65% 86.75% 18.57% 160.0% 0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $248.4M $230.7M $225.0M $93.00M $80.00M $50.00M $46.00M $61.00M $30.00M $24.00M $18.00M $13.00M $9.000M $11.00M $1.000M $1.000M
YoY Change 7.67% 2.52% 141.94% 16.25% 60.0% 8.7% -24.59% 103.33% 25.0% 33.33% 38.46% 44.44% -18.18% 1000.0% 0.0%
Long-Term Debt $306.1M $305.5M $405.0M $4.720B $305.0M $233.0M $295.0M $196.0M $195.0M $198.0M $65.00M $473.0M $333.0M $13.00M $13.00M $18.00M
YoY Change 0.18% -24.56% -91.42% 1447.54% 30.9% -21.02% 50.51% 0.51% -1.52% 204.62% -86.26% 42.04% 2461.54% 0.0% -27.78%
Other Long-Term Liabilities $27.11M $42.11M $27.00M $98.00M $46.00M $16.00M $10.00M $14.00M $261.0M $10.00M $4.000M
YoY Change -35.61% 55.95% -72.45% 113.04% 187.5% 60.0% -28.57% -94.64% 2510.0% 150.0%
Total Long-Term Liabilities $306.1M $305.5M $432.0M $4.818B $351.0M $249.0M $305.0M $210.0M $456.0M $208.0M $69.00M $473.0M $333.0M $13.00M $13.00M $18.00M
YoY Change 0.18% -29.28% -91.03% 1272.65% 40.96% -18.36% 45.24% -53.95% 119.23% 201.45% -85.41% 42.04% 2461.54% 0.0% -27.78%
Total Liabilities $19.68B $19.49B $18.21B $17.32B $10.47B $8.877B $8.919B $8.527B $7.844B $6.382B $3.767B $2.932B $1.930B $1.269B $328.0M $257.0M
YoY Change 0.95% 7.05% 5.12% 65.48% 17.92% -0.47% 4.6% 8.71% 22.91% 69.42% 28.48% 51.92% 52.09% 286.89% 27.63%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $1.7349 Billion

About Customers Bancorp, Inc.

Customers Bancorp, Inc. engages in the provision of banking services through its subsidiary, Customers Bank. The company is headquartered in West Reading, Pennsylvania and currently employs 711 full-time employees. The company went IPO on 2013-05-16. The Bank provides banking products, primarily loans and deposits, to businesses and consumers through its branches, limited production offices and administrative offices in Berks County and Southeastern Pennsylvania, New York, Hamilton, New Jersey, Boston, Massachusetts, and other geographies. The Bank administratively supports loans and other financial products, including equipment finance leases, to customers. The company also offers venture banking loan portfolios. The Bank serves specialty businesses nationwide, including its commercial loans to mortgage companies, commercial equipment financing, SBA lending, specialty lending and consumer loans through relationships with fintech companies. The Bank’s specialty lending includes fund finance, real estate specialty finance, technology and venture, healthcare, and financial institutions group.

Industry: State Commercial Banks Peers: BANC OF CALIFORNIA, INC. BROOKLINE BANCORP INC Origin Bancorp, Inc. HERITAGE FINANCIAL CORP /WA/ NICOLET BANKSHARES INC Preferred Bank PNC FINANCIAL SERVICES GROUP, INC.