Customers Bancorp, Inc. CUBI
Customers Bancorp is a bank holding company engaged in banking activities through its wholly owned subsidiary, Customers Bank, collectively referred to as "Customers" herein. Customers is a forward-thinking bank with strong risk management that provides commercial and consumer customers the stability and trust inherent in working with an established and regulated financial institution. The Bank has diversified lending activities that build overall franchise value and a high-tech, high-touch, branch-light strategy that serves its customers through a single-point-of-contact private banking strategy. The Bank serves commercial businesses, through community, SBA, and private client groups. The Bank also serves corporate businesses nationwide, including healthcare, real estate specialty finance, fund finance, technology and venture capital banking, financial institutions group, mortgage finance and commercial equipment financing, as well as commercial real estate companies in the Bank's geographic markets and provides payments and treasury services. The Bank serves consumers through its branch network, provides residential mortgages, and personal loan and deposit products including through relationships with fintech companies and Banking-as-a-Service to fintech companies.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.36B | $1.33B | $1.37B | $885.4M | $780.9M | $543.3M | $463.7M | $43.2M | $56.0M | $322.5M |
| Interest expense | $750.5M | $654.4M | $687.4M | $623.7M | $95.8M | $139.6M | $186.4M | $160.1M | $105.5M | $73.0M |
| Pre-tax income | $288.4M | $224.4M | $330.7M | $291.3M | $441.2M | $189.8M | $107.8M | $91.1M | $123.9M | $124.6M |
| Income tax | $64.3M | $42.9M | $80.6M | $63.3M | $86.9M | $46.7M | $26.4M | $19.4M | $45.0M | $45.9M |
| Net income | $224.1M | $181.5M | $250.1M | $228.0M | $314.6M | $132.6M | $79.3M | $71.7M | $78.8M | $78.7M |
| EPS, basic | 6.46 | 5.28 | 7.49 | 6.69 | 9.29 | 3.76 | 2.08 | 1.81 | 2.10 | 2.51 |
| EPS, diluted | 6.26 | 5.09 | 7.32 | 6.51 | 8.91 | 3.74 | 2.05 | 1.78 | 1.97 | 2.31 |
| Shares, diluted (wtd. avg.) | $33.4M | $32.7M | $32.2M | $33.5M | $33.7M | $31.7M | $31.6M | $32.2M | $32.6M | $30.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $4.41B | $3.79B | $3.85B | $455.8M | $518.0M | $693.4M | $212.5M | $62.1M | $146.3M | $264.7M |
| Property, plant and equipment | $16.7M | $6.7M | $7.4M | $9.0M | $8.9M | $11.2M | $9.4M | $11.1M | $12.0M | $12.8M |
| Total assets | $24.90B | $22.31B | $21.32B | $20.90B | $19.58B | $18.44B | $11.52B | $9.83B | $9.84B | $9.38B |
| Short-term debt | $0 | $100.0M | $0 | $300.0M | $775.0M | $1.10B | $1.04B | $1.44B | $1.77B | $771.8M |
| Long-term debt | — | — | — | — | $0 | $4.42B | $350.0M | $0 | — | $180.0M |
| Total liabilities | $22.78B | $20.47B | $19.68B | $19.49B | $18.21B | $17.32B | $10.47B | $8.88B | $8.92B | $8.53B |
| Retained earnings | $1.54B | $1.33B | $1.16B | $924.1M | $705.7M | $438.6M | $381.5M | $316.7M | $258.1M | $193.7M |
| Total equity | $2.12B | $1.84B | $1.64B | $1.40B | $1.37B | $1.12B | $1.05B | $956.8M | $921.0M | $855.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $494.8M | $145.1M | $124.7M | -$20.8M | $295.5M | $133.4M | $41.3M | $97.5M | $62.2M | $91.4M |
| Depreciation and amortisation | $41.8M | $33.6M | $31.8M | $27.2M | $21.7M | $18.5M | $13.6M | $14.2M | $10.8M | $5.9M |
| Stock-based compensation | $18.5M | $14.4M | $12.6M | $14.2M | $13.9M | $12.9M | $9.9M | $9.7M | $7.2M | $7.1M |
| Capital expenditure | $13.7M | $1.5M | $590.0K | $4.0M | $613.0K | $4.7M | $1.5M | $1.8M | $2.1M | $5.4M |
| Investing cash flow | -$2.06B | -$1.01B | $3.16B | -$1.30B | -$1.20B | -$6.42B | -$1.44B | -$104.1M | -$565.1M | -$961.5M |
| Financing cash flow | $2.19B | $800.6M | $108.1M | $1.26B | $754.8M | $6.77B | $1.52B | -$77.6M | $384.5M | $870.2M |
| Buybacks | $5.6M | $19.2M | $39.8M | $33.2M | $27.7M | $0 | $571.0K | $13.0M | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001488813-26-000048.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |