Customers Bancorp
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Customers Bancorp's past years’ income statements indicate that its last revenue has increased compared to the previous period by 8% to $683,403,000. The net income raised on $250,143,000 and profit margin reached 37%. Total operating expenses were $277,065,000.
Profit Margin
| 2014 | 175.34M | 43.21M | 24.65% |
|---|---|---|---|
| 2015 | 222.88M | 58.58M | 26.28% |
| 2016 | 270.61M | 78.70M | 29.08% |
| 2017 | 343.88M | 78.83M | 22.93% |
| 2018 | 314.69M | 71.69M | 22.78% |
| 2019 | 356.56M | 79.32M | 22.25% |
| 2020 | 502.27M | 132.57M | 26.4% |
| 2021 | 748.53M | 314.64M | 42.03% |
| 2022 | 632.37M | 228.03M | 36.06% |
| 2023 | 683.40M | 250.14M | 36.6% |
CUBI Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 683.40M | 632.37M | 748.53M | 502.27M | 356.56M | 314.69M | 343.88M | 270.61M | 222.88M | 175.34M |
Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 683.40M | 632.37M | 748.53M | 502.27M | 356.56M | 314.69M | 343.88M | 270.61M | 222.88M | 175.34M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 3.09M | 2.54M | 1.52M | 2.22M | 4.04M | 2.44M | 1.47M | 576K | 1.47M | 1.32M |
Total operating expenses | 277.06M | 2.54M | -346.95M | -326.32M | -254.44M | -63.56M | 1.47M | 576K | 1.47M | 1.32M |
Operating income | 406.33M | 552.95M | 401.58M | 175.95M | 102.12M | 251.12M | 229.38M | 87.70M | 142.05M | 101.89M |
Other income (expenses), net | -75.59M | -261.65M | 39.62M | -28.81M | 102.12M | -160.07M | -32.99M | 51.41M | -24.38M | -27.90M |
Income before tax | 330.74M | 291.29M | 441.20M | 175.95M | 102.12M | 91.05M | 123.87M | 139.11M | 88.49M | 63.38M |
Income tax expense | 80.59M | 63.26M | 86.94M | 43.38M | 22.79M | 19.35M | 45.04M | 51.41M | 29.91M | 20.17M |
Net income | 250.14M | 228.03M | 314.64M | 132.57M | 79.32M | 71.69M | 78.83M | 78.70M | 58.58M | 43.21M |
Earnings per share | ||||||||||
Basic EPS | 7.49 | 6.69 | 10.51 | 4.09 | 2.08 | 2.27 | 2.57 | 2.85 | 2.18 | 1.62 |
Diluted EPS | 7.32 | 6.51 | 10.08 | 4.07 | 2.05 | 2.22 | 2.42 | 2.62 | 2.04 | 1.55 |
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