Customers Bancorp, Inc 5.375% S (CUBB) 10-Year Financial Performance & Capital Metrics

CUBB • • Banking & Credit

Financial ServicesRegional BanksCommercial & Business BankingCommercial & Corporate Banking

AboutCustomers Bancorp, Inc. engages in the provision of banking services through its subsidiary, Customers Bank. The firm also provides banking products such as loans and deposits to businesses and consumers through its branches, limited production, and administrative offices. The company was founded in 1997 and is headquartered in Malvern, PA.Show more

Net Interest Income -$673M -10.5%
Total Revenue $641M -6.1%
Net Income $181M -27.5%
Return on Equity 10.44% -36.5%
Net Interest Margin -3.02% -5.6%
Efficiency Ratio 50.64% +24.9%
ROA 0.83% -29.8%
Equity / Assets 8.23% +7.1%
Book Value per Share 56.14 +10.2%
Tangible BV/Share 56.02 +10.2%
Debt/Equity 0.71 -23.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 18.0%
✓Efficient operations: 50.6% efficiency ratio
✓Healthy dividend yield of 2.1%
✓Diversified revenue: 100.0% from non-interest income
✓Trading near 52-week high
✓Trading at only 0.4x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Weak NIM of -3.0%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y14.73%

5Y17.34%

3Y-4.46%

TTM-

Profit (Net Income) CAGR

10Y15.43%

5Y18%

3Y-16.76%

TTM-41.67%

EPS CAGR

10Y12.34%

5Y15.19%

3Y-26.44%

TTM-47.33%

ROCE

10Y Avg2.81%

5Y Avg3.88%

3Y Avg4.14%

Latest1.45%

Peer Comparison

Commercial & Corporate Banking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TCBITexas Capital Bancshares, Inc.	4.49B	98.37	76.85	-1.72%	4.4%	7.92%	9.27%	0.46
BANCBanc of California, Inc.	3.15B	20.87	40.13	24.65%	6.78%	6.01%	2.04%	0.67
DBDeutsche Bank AG	74.26B	38.87	28.37	11.78%	5.07%	7.18%		1.91
HTHHilltop Holdings Inc.	2.2B	35.83	20.59	2.5%	7.35%	7.2%	12.14%	0.61
SFBSServisFirst Bancshares, Inc.	4.28B	78.31	18.82	17.89%	23.26%	14.33%	5.8%	1.27
CMAComerica Incorporated	11.69B	91.51	18.23	-4.95%	13.98%	10.57%	3.83%	1.02
BOKFBOK Financial Corporation	8.08B	127.69	15.69	10.4%	15.57%	8.91%	15.59%	0.80
CNOBConnectOne Bancorp, Inc.	1.37B	27.26	15.49	6.06%	13.8%	3.98%	4.15%	0.63

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	-25.84M	-49.86M	-26.6M	-101.08M	-105.49M	0	-17.94M	-229.38M	-609.35M	-673.43M
NII Growth %	-0.93%	-0.93%	0.47%	-2.8%	-0.04%	1%	-	-11.78%	-1.66%	-0.11%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	27.72M	23.16M	78.91M	59M	80.94M	0	77.87M	32.27M	70.56M	0
Interest Expense	53.56M	73.02M	105.51M	160.07M	186.43M	0	95.81M	261.65M	679.91M	673.43M
Loan Loss Provision	-53.56M	-73.02M	-105.51M	-160.07M	-186.43M	0	-95.81M	-261.65M	-679.91M	-673.43M
Non-Interest Income+	175.72M	299.37M	293.94M	358.95M	207.43M	404.73M	657.65M	556.13M	612.84M	641.39M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	203.44M	322.54M	372.85M	417.95M	288.37M	404.73M	735.51M	588.41M	683.4M	641.39M
Revenue Growth %	0.25%	0.59%	0.16%	0.12%	-0.31%	0.4%	0.82%	-0.2%	0.16%	-0.06%
Non-Interest Expense	90.56M	576K	1.47M	2.45M	159.29M	186.16M	249.92M	263.95M	277.06M	324.79M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	101.74M	166.69M	123.88M	91.05M	129.08M	218.57M	485.59M	324.45M	406.34M	316.6M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.27%	0.64%	-0.26%	-0.26%	0.42%	0.69%	1.22%	-0.33%	0.25%	-0.22%
Pretax Income+	88.5M	139.12M	123.88M	91.05M	107.78M	189.76M	441.21M	291.3M	330.74M	224.37M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	29.91M	51.41M	45.04M	19.36M	26.39M	46.72M	86.94M	63.26M	80.6M	42.9M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	58.58M	78.7M	78.84M	71.69M	79.33M	132.58M	314.65M	228.03M	250.14M	181.47M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.36%	0.34%	0%	-0.09%	0.11%	0.67%	1.37%	-0.28%	0.1%	-0.27%
Net Income (Continuing)	58.58M	78.7M	78.84M	71.69M	81.39M	143.04M	354.27M	228.03M	250.14M	181.47M
EPS (Diluted)+	1.96	2.62	2.42	2.22	2.51	4.18	12.79	18.37	7.32	5.09
EPS Growth %	0.23%	0.34%	-0.08%	-0.08%	0.13%	0.67%	2.06%	0.44%	-0.6%	-0.3%
EPS (Basic)	1.96	2.85	2.57	2.27	2.54	4.21	13.34	18.88	7.49	5.28
Diluted Shares Outstanding	28.68M	30.01M	32.6M	32.23M	31.65M	31.73M	33.7M	33.55M	32.16M	32.72M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	0	0	0	0	0	1000K
Cash & Due from Banks	53.55M	17.48M	20.39M	3.73M	0	0	0	0	0	3.79B
Short Term Investments	1000K	1000K	1000K	1000K	0	0	0	0	0	1000K
Total Investments+	560.25M	307.19M	387.68M	150.32M	0	0	0	0	0	2.02B
Investments Growth %	0.34%	-0.45%	0.26%	-0.61%	-1%	-	-	-	-	-
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	3.65M	17.62M	16.3M	16.5M	15.2M	3.97M	3.74M	3.63M	3.63M	3.63M
PP&E (Net)	11.15M	12.77M	11.96M	11.06M	29.62M	27.8M	21.57M	25.16M	23.02M	6.67M
Other Assets	8.19B	8.72B	9.24B	9.55B	-81.04M	-96.97M	-83.97M	-152.54M	-126.89M	0
Total Current Assets	191.39M	291.51M	175.07M	95.91M	250.75M	774.43M	610.41M	579.18M	3.96B	16.5B
Total Non-Current Assets	8.21B	9.1B	9.67B	9.76B	0	0	0	0	0	10.3M
Total Assets+	8.4B	9.39B	9.85B	9.85B	11.56B	18.49B	19.63B	20.9B	21.32B	22.31B
Asset Growth %	0.23%	0.12%	0.05%	0%	0.17%	0.6%	0.06%	0.06%	0.02%	0.05%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	455.14M	967.71M	2.06B	1.67B	1.71B	5.84B	1.19B	1.12B	1.53B	1.31B
Net Debt	263.75M	852.3M	1.92B	1.66B	1.71B	5.84B	1.19B	1.12B	1.53B	-2.48B
Long-Term Debt	455.14M	195.91M	295.38M	0	654.75M	4.72B	304.99M	805.53M	1.48B	1.31B
Short-Term Debt	0	771.8M	1.77B	0	1.04B	1.1B	879.43M	305.35M	29.7M	0
Other Liabilities	7.36B	6.07B	5.28B	5.54B	-718.53M	-4.79B	-376.36M	-897.17M	-1.59B	19.16B
Total Current Liabilities	0	2.08B	3.34B	3.36B	3.62B	5.88B	12.21B	15.72B	12.51B	0
Total Non-Current Liabilities	7.82B	6.27B	5.58B	8.88B	0	0	0	0	0	20.47B
Total Liabilities	7.84B	8.53B	8.93B	8.9B	10.5B	17.38B	18.27B	19.49B	19.68B	20.47B
Total Equity+	553.9M	855.87M	920.96M	956.82M	1.05B	1.12B	1.37B	1.4B	1.64B	1.84B
Equity Growth %	0.25%	0.55%	0.08%	0.04%	0.1%	0.06%	0.22%	0.03%	0.17%	0.12%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.12%	0.11%	0.09%	0.08%	0.08%	0.12%	0.25%	0.16%	0.16%	0.1%
Book Value per Share	19.31	28.52	28.25	29.68	33.27	35.21	40.54	41.82	50.95	56.14
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	27.43M	30.82M	31.91M	32.25M	32.62M	32.99M	34.72M	35.01M	35.46M	35.76M
Additional Paid-in Capital	362.61M	427.01M	422.1M	434.31M	444.22M	455.59M	542.39M	551.72M	564.54M	575.33M
Retained Earnings	124.51M	193.7M	258.08M	316.65M	381.52M	438.58M	705.73M	924.13M	1.16B	1.33B
Accumulated OCI	-7.98M	-4.89M	-359K	-22.66M	-1.25M	-5.76M	-4.98M	-163.1M	-136.57M	-96.56M
Treasury Stock	-8.23M	-8.23M	-8.23M	-21.21M	-21.78M	-21.78M	-49.44M	-82.6M	-122.41M	-141.65M
Preferred Stock	55.57M	217.47M	217.47M	217.47M	217.47M	217.47M	137.79M	137.79M	137.79M	137.79M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	66.57M	87.98M	62.71M	97.47M	78.28M	133.42M	295.54M	-20.82M	124.73M	145.06M
Operating CF Growth %	1.12%	0.32%	-0.29%	0.55%	-0.2%	0.7%	1.22%	-1.07%	6.99%	0.16%
Net Income	58.58M	78.7M	78.84M	71.69M	79.33M	132.58M	354.27M	228.03M	250.14M	181.47M
Depreciation & Amortization	4.86M	4.46M	10.8M	14.16M	22.88M	18.51M	21.67M	22.98M	1.92M	33.55M
Deferred Taxes	-10.09M	-2.58M	14.82M	9.3M	14.52M	-17.97M	17.75M	6.91M	22.18M	0
Other Non-Cash Items	4.79M	5.2M	0	26.61M	0	45.76M	-228.65M	-265.58M	-204.35M	48.41M
Working Capital Changes	-3.39M	-5.46M	-48.94M	-24.73M	-90.68M	-57.71M	149.64M	-24.59M	42.26M	-132.81M
Cash from Investing+	-1.68B	-958.51M	-565.64M	-104.1M	-1.44B	-6.43B	-1.2B	-1.3B	3.16B	-1.01B
Purchase of Investments	-231.7M	-5M	-818.82M	-763.24M	-48.55M	-1.23B	-3.66B	-1.47B	-74.5M	-510K
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	-137.4M	-5.82B	0	0	73K	0
Other Investing	-1.68B	-999.69M	-473.7M	176.92M	-1.39B	-467K	1.46B	-1.34B	2.65B	-1.01B
Cash from Financing+	1.51B	870.25M	384.55M	-77.56M	1.52B	6.77B	727.98M	1.26B	108.09M	800.62M
Dividends Paid	-2.31M	-9.05M	-14.46M	-14.46M	-14.46M	-14.08M	-10.83M	-9.33M	-14.64M	-15.15M
Share Repurchases	0	0	0	-13.86M	-571K	0	-110.16M	-33.16M	-39.81M	-19.24M
Stock Issued	56.47M	234.42M	3.77M	3.7M	2.15M	923K	0	533K	3.11M	1.76M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	1000K	-1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K
Other Financing	1.38B	1.39B	-518.39M	341.21M	1.5B	2.66B	5.46B	1.37B	-240.58M	928.25M
Net Change in Cash+	-106.43M	116K	-118.39M	-84.19M	150.37M	480.85M	-175.32M	-62.23M	3.39B	-60.41M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	371.02M	264.59M	264.71M	146.32M	62.13M	212.5M	693.35M	518.03M	455.81M	113.95M
Cash at End	264.59M	264.71M	146.32M	62.13M	212.5M	693.35M	518.03M	455.81M	3.85B	167.33M
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	63.63M	82.55M	-29.43M	94.19M	76.58M	128.75M	248.47M	-24.87M	83.39M	143.57M
FCF Growth %	1.12%	0.3%	-1.36%	4.2%	-0.19%	0.68%	0.93%	-1.1%	4.35%	0.72%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	11.75%	11.17%	8.87%	7.64%	7.89%	12.22%	25.34%	16.47%	16.45%	10.44%
Return on Assets (ROA)	0.77%	0.89%	0.82%	0.73%	0.74%	0.88%	1.65%	1.13%	1.19%	0.83%
Net Interest Margin	-0.31%	-0.53%	-0.27%	-1.03%	-0.91%	0%	-0.09%	-1.1%	-2.86%	-3.02%
Efficiency Ratio	44.51%	0.18%	0.39%	0.59%	55.24%	46%	33.98%	44.86%	40.54%	50.64%
Equity / Assets	6.6%	9.12%	9.35%	9.71%	9.11%	6.04%	6.96%	6.71%	7.69%	8.23%
Book Value / Share	19.31	28.52	28.25	29.68	33.27	35.21	40.54	41.82	50.95	56.14
NII Growth	-93.18%	-92.93%	46.65%	-280.03%	-4.37%	100%	-	-1178.39%	-165.65%	-10.52%
Dividend Payout	3.95%	11.5%	18.34%	20.17%	18.23%	10.62%	3.44%	4.09%	5.85%	8.35%

Revenue by Segment

	2018	2019	2020	2021	2022
Deposit Account	7.82M	12.81M	13.84M	3.77M	3.85M
Deposit Account Growth	-	63.79%	7.96%	-72.72%	2.04%
Credit and Debit Card	30.7M	28.94M	21.04M	336K	243K
Credit and Debit Card Growth	-	-5.71%	-27.30%	-98.40%	-27.68%

Frequently Asked Questions

Valuation & Price

Customers Bancorp, Inc 5.375% S (CUBB) has a price-to-earnings (P/E) ratio of 4.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Customers Bancorp, Inc 5.375% S (CUBB) saw revenue decline by 6.1% over the past year.

Yes, Customers Bancorp, Inc 5.375% S (CUBB) is profitable, generating $147.5M in net income for fiscal year 2024 (28.3% net margin).

Dividend & Returns

Yes, Customers Bancorp, Inc 5.375% S (CUBB) pays a dividend with a yield of 2.07%. This makes it attractive for income-focused investors.

Customers Bancorp, Inc 5.375% S (CUBB) has a return on equity (ROE) of 10.4%. This is reasonable for most industries.

Industry Metrics

Customers Bancorp, Inc 5.375% S (CUBB) has a net interest margin (NIM) of -3.0%. NIM has been under pressure due to interest rate environment.

Customers Bancorp, Inc 5.375% S (CUBB) has an efficiency ratio of 50.6%. This is excellent, indicating strong cost control.

US Stock Screener

...