Customers Bancorp Inc - Understand $cubi stock

$CUBI Market Cap: $1.791 Billion

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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

$3.088B

Q3 2024

P/E

8.893

Nov 12, 2024 EST

Free Cash Flow

-$168.0M

TTM

Revenues

Revenue YoY Change

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

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
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

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

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

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
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

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

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

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

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

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Basic Shares Outstanding	31.44M shares	32.63M shares	32.31M shares	31.51M shares	31.18M shares	31.57M shares	30.66M shares	27.60M shares	26.84M shares	26.72M shares	24.49B shares	14.76B shares	10.07B shares
Diluted Shares Outstanding	32.16M shares	33.55M shares	33.70M shares	31.73M shares	31.65M shares	32.23M shares	32.60M shares	30.01M shares	28.68M shares	27.94M shares	25.15B shares	15.17B shares	10.28B shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.7909 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 Nicolet Bankshares Inc Preferred Bank PNC Financial Services Group Inc