Customers Bancorp, Inc. (CUBI)

Customers Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	963.99	947.53	1,033	745.31	736.82	512.05
Interest Income on Investments	340.94	380.3	334.62	140.06	44.06	31.26
Total Interest Income	1,305	1,328	1,367	885.37	780.88	543.3
Interest Paid on Deposits	566.16	603.31	576.44	226.24	62.64	92.05
Interest Paid on Borrowings	68.26	70.12	103.47	35.41	33.17	47.57
Total Interest Expense	634.41	673.43	679.91	261.65	95.81	139.62
Net Interest Income	670.52	654.4	687.45	623.72	685.07	403.69
Net Interest Income Growth (YoY)	-4.26%	-4.81%	10.22%	-8.96%	69.70%	45.57%
Mortgage Banking Activities	4.21	4.1	4.4	6.74	12.87	13.23
Gain (Loss) on Sale of Assets	-	-	-	-	-2.84	-
Gain (Loss) on Sale of Investments	-79.38	-27.01	-0.57	-23.16	31.39	21.53
Gain (Loss) on Sale of Equity Investments	0.39	11.43	-	-	-	-
Other Non-Interest Income	103.46	87.54	72.98	61.49	25.11	24.53
Total Non-Interest Income	13.28	60.43	70.57	24.75	77.87	63.82
Non-Interest Income Growth (YoY)	-85.03%	-14.36%	185.08%	-68.21%	22.01%	80.87%
Revenues Before Loan Losses	683.8	714.84	758.01	648.47	762.94	467.51
Provision for Loan Losses	87.34	73.45	74.61	60.07	27.43	62.77
Revenue	596.46	641.39	683.4	588.41	735.52	404.73
Revenue Growth (YoY)	-17.44%	-6.15%	16.14%	-20.00%	81.73%	40.35%
Salaries and Employee Benefits	167.37	161.4	120.69	98.22	94.34	81.18
Occupancy Expenses	36.15	34.74	32.1	26.28	20.12	16.92
Federal Deposit Insurance	41.64	41.68	35.04	8.87	10.06	11.66
Selling, General & Administrative	127.59	128.65	124.28	139.46	135.46	88.07
Other Non-Interest Expense	51.05	50.54	36.47	31.81	34.33	15.78
Total Non-Interest Expense	423.79	417.01	348.57	304.63	294.31	213.61
EBT Excluding Unusual Items	172.67	224.37	334.84	283.78	441.21	191.12
Legal Settlements	-	-	-4.1	7.52	-	-
Pretax Income	172.67	224.37	330.74	291.3	441.21	189.76
Income Tax Expense	25.16	42.9	80.6	63.26	86.94	46.72
Earnings From Continuing Operations	147.51	181.47	250.14	228.03	354.27	143.04
Earnings From Discontinued Operations	-	-	-	-	-39.62	-10.46
Net Income	147.51	181.47	250.14	228.03	314.65	132.58
Preferred Dividends & Other Adjustments	15.94	15.04	14.7	9.63	14.51	14.04
Net Income to Common	131.57	166.43	235.45	218.4	300.13	118.54
Net Income Growth	-42.53%	-27.45%	9.70%	-27.53%	137.33%	67.13%
Basic Shares Outstanding	31	32	31	33	32	32
Diluted Shares Outstanding	33	33	32	34	34	32
Shares Change (YoY)	-0.05%	1.74%	-4.14%	-0.45%	6.21%	0.26%
EPS (Basic)	4.18	5.28	7.49	6.69	9.29	3.76
EPS (Diluted)	4.05	5.09	7.32	6.51	8.90	3.74
EPS Growth	-45.39%	-30.46%	12.44%	-26.89%	138.06%	82.02%
Effective Tax Rate	14.57%	19.12%	24.37%	21.72%	19.71%	24.62%

Updated Jul 24, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q