CUBI: Customers Bancorp Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Customers Bancorp Inc (CUBI).
$1.53B Market Cap.
CUBI Market Cap. (MRY)
CUBI Shares Outstanding (MRY)
CUBI Assets (MRY)
Total Assets
$22.31B
Total Liabilities
$20.47B
Total Investments
$17.62B
CUBI Income (MRY)
Revenue
$641.39M
Net Income
$181.47M
Operating Expense
$384.47M
CUBI Cash Flow (MRY)
CF Operations
$145.06M
CF Investing
-$1.01B
CF Financing
$800.62M
CUBI Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|
Total Assets | $22,308,241,000 (4.65%) | $21,316,265,000 (2.01%) | $20,896,112,000 (6.75%) | $19,575,028,000 (6.16%) |
Assets Current | - | - | - | - |
Assets Non-Current | - | - | - | - |
Goodwill & Intangible Assets | $3,629,000 (0.00%) | $3,629,000 (0.00%) | $3,629,000 (-2.86%) | $3,736,000 (-5.87%) |
Shareholders Equity | $1,836,683,000 (12.10%) | $1,638,394,000 (16.78%) | $1,402,961,000 (2.69%) | $1,366,217,000 (22.30%) |
Property Plant & Equipment Net | $6,668,000 (-9.54%) | $7,371,000 (-18.33%) | $9,025,000 (1.52%) | $8,890,000 (-20.80%) |
Cash & Equivalents | $3,785,931,000 (-1.57%) | $3,846,346,000 (743.86%) | $455,806,000 (-12.01%) | $518,032,000 (-25.29%) |
Accumulated Other Comprehensive Income | -$96,560,000 (29.30%) | -$136,569,000 (16.26%) | -$163,096,000 (-3175.02%) | -$4,980,000 (13.60%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $17,624,626,000 (5.63%) | $16,685,131,000 (-14.72%) | $19,565,702,000 (6.84%) | $18,312,815,000 (7.91%) |
Investments Current | - | - | - | - |
Investments Non-Current | - | - | - | - |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Payables | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Accumulated Retained Earnings (Deficit) | $1,326,011,000 (14.35%) | $1,159,582,000 (25.48%) | $924,134,000 (30.95%) | $705,732,000 (60.91%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $1,409,929,000 (-6.58%) | $1,509,277,000 (36.52%) | $1,105,532,000 (-6.29%) | $1,179,759,000 (-79.73%) |
Debt Current | - | - | - | - |
Debt Non-Current | - | - | - | - |
Total Liabilities | $20,471,558,000 (4.03%) | $19,677,871,000 (0.95%) | $19,493,151,000 (7.05%) | $18,208,811,000 (5.12%) |
Liabilities Current | - | - | - | - |
Liabilities Non-Current | - | - | - | - |
CUBI Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|
Revenues | $641,387,000 (-6.15%) | $683,403,000 (14.68%) | $595,926,000 (-18.98%) | $735,515,000 (81.73%) |
Cost of Revenue | $32,543,000 (8.85%) | $29,898,000 (30.12%) | $22,978,000 (28.92%) | $17,824,000 (21.13%) |
Selling General & Administrative Expense | $292,246,000 (18.24%) | $247,167,000 (2.57%) | $240,975,000 (3.83%) | $232,097,000 (35.37%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $384,471,000 (19.12%) | $322,765,000 (14.60%) | $281,651,000 (1.87%) | $276,483,000 (38.06%) |
Interest Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Income Tax Expense | $42,904,000 (-46.77%) | $80,597,000 (27.40%) | $63,263,000 (-27.23%) | $86,940,000 (86.10%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | -$39,621,000 (-278.75%) |
Consolidated Income | $181,469,000 (-27.45%) | $250,143,000 (9.70%) | $228,034,000 (-27.53%) | $314,647,000 (137.33%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | $181,469,000 (-27.45%) | $250,143,000 (9.70%) | $228,034,000 (-27.53%) | $314,647,000 (137.33%) |
Preferred Dividends Income Statement Impact | $15,040,000 (2.35%) | $14,695,000 (52.56%) | $9,632,000 (-33.63%) | $14,513,000 (3.36%) |
Net Income Common Stock | $166,429,000 (-29.31%) | $235,448,000 (7.80%) | $218,402,000 (-27.23%) | $300,134,000 (153.20%) |
Weighted Average Shares | $31,349,258 (-0.21%) | $31,413,946 (-3.39%) | $32,515,393 (0.32%) | $32,412,378 (2.57%) |
Weighted Average Shares Diluted | - | - | - | - |
Earning Before Interest & Taxes (EBIT) | $224,373,000 (-32.16%) | $330,740,000 (13.54%) | $291,297,000 (-27.46%) | $401,587,000 (123.98%) |
Gross Profit | $608,844,000 (-6.83%) | $653,505,000 (14.06%) | $572,948,000 (-20.17%) | $717,691,000 (84.02%) |
Operating Income | $224,373,000 (-32.16%) | $330,740,000 (13.54%) | $291,297,000 (-33.98%) | $441,208,000 (132.51%) |
CUBI Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|
Net Cash Flow from Investing | -$1,006,091,000 (-131.86%) | $3,157,723,000 (343.20%) | -$1,298,412,000 (-8.09%) | -$1,201,261,000 (81.30%) |
Net Cash Flow from Financing | $800,619,000 (640.71%) | $108,088,000 (-91.40%) | $1,257,011,000 (66.54%) | $754,775,000 (-88.82%) |
Net Cash Flow from Operations | $145,057,000 (16.30%) | $124,729,000 (698.94%) | -$20,825,000 (-107.68%) | $271,164,000 (78.37%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$60,415,000 (-101.78%) | $3,390,540,000 (5548.75%) | -$62,226,000 (64.51%) | -$175,322,000 (-136.46%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $3,765,000 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | -$964,501,000 (-130.72%) | $3,139,806,000 (360.70%) | -$1,204,357,000 (-5.86%) | -$1,137,704,000 (82.21%) |
Capital Expenditure | -$46,700,000 (-20.58%) | -$38,728,000 (63.42%) | -$105,862,000 (-363.11%) | -$22,859,000 (20.61%) |
Issuance (Repayment) of Debt Securities | -$195,000,000 (-127.86%) | $700,000,000 (115.38%) | $325,000,000 (107.24%) | -$4,491,217,000 (-208.82%) |
Issuance (Purchase) of Equity Shares | -$17,482,000 (52.36%) | -$36,694,000 (-12.46%) | -$32,629,000 (-32729.00%) | $100,000 (-89.17%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $14,435,000 (14.70%) | $12,585,000 (-11.06%) | $14,150,000 (2.09%) | $13,860,000 (7.58%) |
Depreciation Amortization & Accretion | $33,552,000 (5.47%) | $31,813,000 (17.14%) | $27,157,000 (25.34%) | $21,667,000 (17.03%) |
CUBI Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|
Gross Margin | 94.90% (-0.73%) | 95.60% (-0.52%) | 96.10% (-1.54%) | 97.60% (1.24%) |
Profit Margin | 25.90% (-24.93%) | 34.50% (-5.74%) | 36.60% (-10.29%) | 40.80% (39.25%) |
EBITDA Margin | 40.20% (-24.29%) | 53.10% (-0.56%) | 53.40% (-7.13%) | 57.50% (17.59%) |
Return on Average Equity (ROAE) | 9.40% (-39.35%) | 15.50% (-1.90%) | 15.80% (-33.05%) | 23.60% (107.02%) |
Return on Average Assets (ROAA) | 0.80% (-27.27%) | 1.10% (0.00%) | 1.10% (-31.25%) | 1.60% (128.57%) |
Return on Sales (ROS) | 35.00% (-27.69%) | 48.40% (-1.02%) | 48.90% (-10.44%) | 54.60% (23.25%) |
Return on Invested Capital (ROIC) | 1.10% (-31.25%) | 1.60% (14.29%) | 1.40% (-26.32%) | 1.90% (137.50%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | 9.22 (19.85%) | 7.69 (81.61%) | 4.24 (-39.80%) | 7.04 (45.54%) |
Price to Sales Ratio (P/S) | 2.38 (-10.19%) | 2.65 (71.35%) | 1.55 (-46.34%) | 2.88 (103.03%) |
Price to Book Ratio (P/B) | 0.83 (-24.80%) | 1.1 (68.19%) | 0.66 (-57.64%) | 1.55 (201.75%) |
Debt to Equity Ratio (D/E) | 11.15 (-7.19%) | 12.01 (-13.56%) | 13.89 (4.25%) | 13.33 (-14.05%) |
Earnings Per Share (EPS) | 5.28 (-29.51%) | 7.49 (11.96%) | 6.69 (-27.99%) | 9.29 (147.07%) |
Sales Per Share (SPS) | 20.46 (-5.96%) | 21.75 (18.70%) | 18.33 (-19.23%) | 22.69 (77.18%) |
Free Cash Flow Per Share (FCFPS) | 3.14 (14.57%) | 2.74 (170.28%) | -3.9 (-150.85%) | 7.66 (96.44%) |
Book Value Per Share (BVPS) | 58.59 (12.33%) | 52.16 (20.87%) | 43.15 (2.37%) | 42.15 (19.24%) |
Tangible Assets Book Value Per Share (TABVPS) | 711.49 (4.87%) | 678.45 (5.59%) | 642.54 (6.41%) | 603.82 (3.51%) |
Enterprise Value Over EBIT (EV/EBIT) | -1 (-200.00%) | 1 (-83.33%) | 6 (50.00%) | 4 (-89.47%) |
Enterprise Value Over EBITDA (EV/EBITDA) | -0.63 (-201.61%) | 0.62 (-88.24%) | 5.3 (52.40%) | 3.48 (-90.02%) |
Asset Turnover | 0.03 (-3.23%) | 0.03 (3.33%) | 0.03 (-21.05%) | 0.04 (58.33%) |
Current Ratio | - | - | - | - |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | $98,357,000 (14.37%) | $86,001,000 (167.88%) | -$126,687,000 (-151.02%) | $248,305,000 (101.50%) |
Enterprise Value (EV) | -$163,239,121 (-172.27%) | $225,872,569 (-86.61%) | $1,687,418,238 (14.67%) | $1,471,497,150 (-78.64%) |
Earnings Before Tax (EBT) | $224,373,000 (-32.16%) | $330,740,000 (13.54%) | $291,297,000 (-27.46%) | $401,587,000 (123.98%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $257,925,000 (-28.86%) | $362,553,000 (13.85%) | $318,454,000 (-24.76%) | $423,254,000 (113.97%) |
Invested Capital | $19,928,610,000 (5.02%) | $18,975,567,000 (-11.91%) | $21,542,209,000 (6.47%) | $20,233,019,000 (-14.13%) |
Working Capital | - | - | - | - |
Tangible Asset Value | $22,304,612,000 (4.65%) | $21,312,636,000 (2.01%) | $20,892,483,000 (6.75%) | $19,571,292,000 (6.16%) |
Market Capitalization | $1,526,081,879 (-15.69%) | $1,810,071,569 (96.43%) | $921,486,238 (-56.51%) | $2,118,797,150 (268.80%) |
Average Equity | $1,769,086,250 (16.43%) | $1,519,418,250 (10.09%) | $1,380,172,000 (8.46%) | $1,272,491,500 (22.91%) |
Average Assets | $21,513,666,250 (-1.03%) | $21,738,399,000 (7.78%) | $20,169,859,250 (4.59%) | $19,284,179,500 (14.89%) |
Invested Capital Average | $19,512,775,250 (-5.42%) | $20,631,413,750 (-2.19%) | $21,093,996,500 (-0.93%) | $21,291,596,000 (-0.08%) |
Shares | 31,349,258 (-0.21%) | 31,413,946 (-3.39%) | 32,515,393 (0.32%) | 32,412,378 (2.57%) |