CUBB Q2 2023 Earnings — Customers Bancorp, Inc 5.375% S Revenue & Financial Results | Market Cap Arena

CUBBCustomers Bancorp, Inc 5.375% S

$777M

Q2 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$346M+65.5% YoY

Gross Profit

$158M45.5% margin

Operating Income

$68M19.7% margin

Net Income

$48M13.7% margin

EPS (Diluted)

$1.51

QoQ Revenue Growth

+13.5%

Cash Flow

Operating Cash Flow

$89M

Free Cash Flow

$89M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$22.0B

Total Liabilities

$20.6B

Stockholders' Equity

$1.5B

Cash & Equivalents

$0

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$346M	$209M	+65.5%
Gross Profit	$158M	$154M	+2.5%
Operating Income	$68M	$78M	-11.9%
Net Income	$48M	$59M	-18.9%