CUBB Q1 2023 Earnings — Customers Bancorp, Inc 5.375% S Revenue & Financial Results | Market Cap Arena

CUBBCustomers Bancorp, Inc 5.375% S

$777M

Q1 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$305M+48.1% YoY

Gross Profit

$120M39.4% margin

Operating Income

$68M22.4% margin

Net Income

$54M17.6% margin

EPS (Diluted)

$1.66

QoQ Revenue Growth

+7.2%

Cash Flow

Operating Cash Flow

$18M

Free Cash Flow

$17M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$21.8B

Total Liabilities

$20.3B

Stockholders' Equity

$1.4B

Cash & Equivalents

$0

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$305M	$206M	+48.1%
Gross Profit	$120M	$171M	-29.7%
Operating Income	$68M	$96M	-28.9%
Net Income	$54M	$77M	-30.0%