Customers Bancorp, Inc. (CUBI) 10-Year Financial Performance & Capital Metrics

CUBI • • Banking & Credit

Financial ServicesRegional BanksCommercial & Business BankingCommercial & Corporate Banking

AboutCustomers Bancorp, Inc. operates as the bank holding company for Customers Bank that provides financial products and services to individual consumers, and small and middle market businesses. The company offers deposits products, including checking, savings, MMDA, and other deposits accounts. It offers loan products, including commercial mortgage warehouse loans, multi-family and commercial real estate loans, business banking, small business loans, equipment financing, residential mortgage loans, and installment loans. It also offers traditional banking activities, including mobile phone banking, internet banking, wire transfers, electronic bill payment, lock box services, remote deposit capture services, courier services, merchant processing services, cash vault, controlled disbursements, positive pay, cash management services, such as account reconciliation, collections, and sweep accounts. It operates 12 full-service branches, as well as limited production and administrative offices in Southeastern Pennsylvania, including Bucks, Berks, Chester, Philadelphia, and Delaware Counties; Harrisburg, Pennsylvania; Rye Brook and New York; Hamilton, New Jersey; Boston, Massachusetts; Providence, Rhode Island; Portsmouth, New Hampshire; Manhattan and Melville, New York; Washington D.C.; Chicago, Illinois; Dallas, Texas; Orlando, Florida; and Wilmington, North Carolina. Customers Bancorp, Inc. was founded in 1994 and is headquartered in West Reading, Pennsylvania.Show more

Net Interest Income $654M -4.8%
Total Revenue $1.36B -4.2%
Net Income $181M -27.5%
Return on Equity 10.44% -36.5%
Net Interest Margin 2.93% -9.0%
Efficiency Ratio 28.63% +21.2%
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 0.77 -16.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 18.0%
✓Efficient operations: 28.6% efficiency ratio
✓Trading near 52-week high
✓Trading at only 1.4x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9

Price & Volume

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Growth Metrics

Revenue CAGR

10Y20.33%

5Y22.36%

3Y17.24%

TTM-

Profit (Net Income) CAGR

10Y15.43%

5Y18%

3Y-16.76%

TTM-42.53%

EPS CAGR

10Y12.63%

5Y19.95%

3Y-20.37%

TTM-45.63%

ROCE

10Y Avg8.31%

5Y Avg9.97%

3Y Avg11.03%

Latest6.64%

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+	196.29M	249.5M	267.34M	257.88M	277.31M	403.69M	685.07M	623.72M	687.45M	654.4M
NII Growth %	0.29%	0.27%	0.07%	-0.04%	0.08%	0.46%	0.7%	-0.09%	0.1%	-0.05%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	249.85M	322.54M	372.85M	417.95M	463.74M	543.3M	780.88M	885.37M	1.37B	1.33B
Interest Expense	53.56M	73.04M	105.51M	160.07M	186.43M	139.62M	95.81M	261.65M	679.91M	673.43M
Loan Loss Provision	20.57M	3.04M	6.77M	5.64M	24.23M	62.77M	27.43M	60.07M	74.61M	73.45M
Non-Interest Income+	26.59M	54.31M	76.54M	56.81M	32.35M	57.24M	63.73M	9.73M	53.49M	33.09M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	276.44M	376.85M	449.39M	474.77M	496.09M	600.55M	844.61M	895.1M	1.42B	1.36B
Revenue Growth %	0.29%	0.36%	0.19%	0.06%	0.04%	0.21%	0.41%	0.06%	0.59%	-0.04%
Non-Interest Expense	113.82M	176.17M	213.24M	218M	177.66M	208.4M	280.17M	282.09M	335.59M	389.68M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	88.5M	124.59M	123.88M	91.05M	107.78M	189.76M	441.21M	291.3M	330.74M	224.37M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.35%	0.41%	-0.01%	-0.26%	0.18%	0.76%	1.33%	-0.34%	0.14%	-0.32%
Pretax Income+	88.5M	124.59M	123.88M	91.05M	107.78M	189.76M	441.21M	291.3M	330.74M	224.37M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	29.91M	45.89M	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	2.31	1.97	1.78	2.05	4.07	10.08	6.51	7.32	5.09
EPS Growth %	0.26%	0.18%	-0.15%	-0.1%	0.15%	0.99%	1.48%	-0.35%	0.12%	-0.3%
EPS (Basic)	2.09	2.51	2.10	1.81	2.08	4.09	10.51	6.69	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	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	264.59M	264.71M	146.32M	62.13M	212.5M	693.35M	518.03M	455.81M	3.85B	3.79B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	7.78B	8.81B	9.14B	9.17B	10.59B	16.96B	18.25B	19.49B	16.58B	17.53B
Investments Growth %	0.27%	0.13%	0.04%	0%	0.15%	0.6%	0.08%	0.07%	-0.15%	0.06%
Long-Term Investments	7.22B	8.31B	8.67B	8.51B	9.99B	15.75B	14.43B	16.5B	14.17B	15.51B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
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	9.39M	11.22M	8.89M	9.03M	7.37M	6.67M
Other Assets	321.63M	256.37M	496.86M	540.73M	654.99M	689.87M	703.9M	812.77M	562.87M	660.35M
Total Current Assets	844.78M	781.87M	644.72M	760.1M	846.45M	1.98B	4.43B	3.57B	6.57B	6.13B
Total Non-Current Assets	7.55B	8.6B	9.19B	9.07B	10.67B	16.46B	15.15B	17.33B	14.74B	16.18B
Total Assets+	8.4B	9.38B	9.84B	9.83B	11.52B	18.44B	19.58B	20.9B	21.32B	22.31B
Asset Growth %	0.23%	0.12%	0.05%	-0%	0.17%	0.6%	0.06%	0.07%	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	44.29M	75.38M	56.21M	66.45M	126.24M	152.08M	251.13M	230.67M	0	0
Total Debt+	1.89B	1.84B	2.06B	1.67B	1.69B	1.41B	1.18B	1.11B	1.51B	1.41B
Net Debt	1.63B	1.57B	1.92B	1.61B	1.48B	712.08M	661.73M	649.73M	-2.34B	-2.38B
Long-Term Debt	455.14M	1.06B	1.91B	1.48B	304.75M	305.43M	404.76M	805.53M	1.51B	1.31B
Short-Term Debt	1.44B	771.8M	155M	187M	1.39B	1.1B	775M	300M	0	100M
Other Liabilities	247.14M	-688.8M	0	0	0	4.45B	0	0	248.36M	215.17M
Total Current Liabilities	7.14B	8.15B	7.01B	7.4B	10.16B	12.56B	17.8B	18.69B	17.92B	18.95B
Total Non-Current Liabilities	702.28M	375.91M	1.91B	1.48B	304.75M	4.76B	404.76M	805.53M	1.76B	1.53B
Total Liabilities	7.84B	8.53B	8.92B	8.88B	10.47B	17.32B	18.21B	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	91.4M	62.19M	97.47M	78.28M	152.02M	271.16M	-20.82M	124.73M	145.06M
Operating CF Growth %	1.12%	0.37%	-0.32%	0.57%	-0.2%	0.94%	0.78%	-1.08%	6.99%	0.16%
Net Income	58.58M	78.7M	78.84M	71.69M	81.39M	143.04M	354.27M	228.03M	250.14M	181.47M
Depreciation & Amortization	4M	5.9M	10.8M	14.16M	13.61M	18.51M	21.67M	27.16M	31.81M	33.55M
Deferred Taxes	-10.09M	-2.58M	14.82M	9.3M	9.64M	-15.85M	17.75M	6.91M	22.18M	-1.14M
Other Non-Cash Items	14.17M	7.78M	-489K	17.31M	54.48M	51.15M	-286.02M	-272.49M	-234.25M	49.55M
Working Capital Changes	-5.75M	-5.46M	-48.94M	-24.73M	-90.68M	-57.71M	149.64M	-24.59M	42.26M	-132.81M
Cash from Investing+	-1.68B	-961.53M	-565.13M	-104.1M	-1.44B	-6.42B	-1.2B	-1.3B	3.16B	-1.01B
Purchase of Investments	-231.7M	-5M	-796.59M	-763.24M	0	-1.2B	-3.63B	-1.36B	-74.5M	-865.88M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	-17M	0	-1.5M	0	0	3.77M	0	0	0
Other Investing	-1.52B	-1B	-561.5M	179.13M	-1.53B	-5.82B	1.45B	-1.33B	2.4B	-1.62B
Cash from Financing+	1.51B	870.25M	384.55M	-77.56M	1.52B	6.75B	754.77M	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	-12.98M	-571K	0	-110.16M	-33.16M	-39.81M	-19.24M
Stock Issued	806K	70.98M	2.72M	3.58M	2.15M	923K	27.76M	533K	3.11M	1.76M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K
Other Financing	1.45B	1.4B	-445.33M	373.33M	1.86B	2.35B	5.31B	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	3.85B
Cash at End	264.59M	264.71M	146.32M	62.13M	212.5M	693.35M	518.03M	455.81M	3.85B	3.79B
Interest Paid	51.31M	71.22M	101.58M	160.38M	182.6M	131.36M	107.92M	226.99M	649.54M	715.21M
Income Taxes Paid	38.73M	57.25M	40.28M	4.79M	7.41M	3.25M	94.09M	80.05M	44.97M	57.59M
Free Cash Flow+	63.63M	85.98M	37.84M	56.99M	28.21M	123.23M	238.21M	-134.17M	83.39M	79.87M
FCF Growth %	1.12%	0.35%	-0.56%	0.51%	-0.51%	3.37%	0.93%	-1.56%	1.62%	-0.04%

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%	0.89%	1.66%	1.13%	1.19%	0.83%
Net Interest Margin	2.34%	2.66%	2.72%	2.62%	2.41%	2.19%	3.5%	2.98%	3.22%	2.93%
Efficiency Ratio	41.17%	46.75%	47.45%	45.92%	35.81%	34.7%	33.17%	31.51%	23.62%	28.63%
Equity / Assets	6.6%	9.12%	9.36%	9.73%	9.14%	6.06%	6.98%	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	29.2%	27.11%	7.15%	-3.54%	7.54%	45.57%	69.7%	-8.96%	10.22%	-4.81%

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. (CUBI) has a price-to-earnings (P/E) ratio of 15.5x. This is roughly in line with market averages.

Growth & Financials

Customers Bancorp, Inc. (CUBI) saw revenue decline by 4.2% over the past year.

Yes, Customers Bancorp, Inc. (CUBI) is profitable, generating $147.5M in net income for fiscal year 2024 (13.3% net margin).

Dividend & Returns

Yes, Customers Bancorp, Inc. (CUBI) pays a dividend with a yield of 0.59%. This makes it attractive for income-focused investors.

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

Industry Metrics

Customers Bancorp, Inc. (CUBI) has a net interest margin (NIM) of 2.9%. NIM has been under pressure due to interest rate environment.

Customers Bancorp, Inc. (CUBI) has an efficiency ratio of 28.6%. This is excellent, indicating strong cost control.

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