CUBB Q1 2024 Earnings — Customers Bancorp, Inc 5.375% S Revenue & Financial Results | Market Cap Arena

CUBBCustomers Bancorp, Inc 5.375% S

$777M

Q1 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$353M+15.8% YoY

Gross Profit

$165M46.6% margin

Operating Income

$65M18.5% margin

Net Income

$50M14.1% margin

EPS (Diluted)

$1.40

QoQ Revenue Growth

-3.2%

Cash Flow

Operating Cash Flow

-$19M

Free Cash Flow

-$19M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$21.3B

Total Liabilities

$19.7B

Stockholders' Equity

$1.7B

Cash & Equivalents

$0

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$353M	$305M	+15.8%
Gross Profit	$165M	$120M	+36.8%
Operating Income	$65M	$68M	-4.3%
Net Income	$50M	$54M	-7.4%