CUBB Q2 2024 Earnings — Customers Bancorp, Inc 5.375% S Revenue & Financial Results | Market Cap Arena

CUBBCustomers Bancorp, Inc 5.375% S

$777M

Q2 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$365M+5.5% YoY

Gross Profit

$181M49.5% margin

Operating Income

$77M21.1% margin

Net Income

$54M14.9% margin

EPS (Diluted)

$1.66

QoQ Revenue Growth

+3.4%

Cash Flow

Operating Cash Flow

$6M

Free Cash Flow

$6M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$20.9B

Total Liabilities

$19.2B

Stockholders' Equity

$1.7B

Cash & Equivalents

$0

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$365M	$346M	+5.5%
Gross Profit	$181M	$158M	+14.5%
Operating Income	$77M	$68M	+12.8%
Net Income	$54M	$48M	+14.1%