CUBI

MKT CAP:$2B

Customers Bancorp, Inc.

Market Cap

$2B

Financial Services·Banks - Regional·🇺🇸 United States·NYSE

Financials·Banks - Regional·🇺🇸·NYSE

Stock Price

$77.45+$2.95 (+3.97%)

Apr 22, 2026

Company Details

Customers Bancorp, Inc. operates as the bank holding company for Customers Bank that provides financial products and services to individual consumers, and small and middle market businesses. The company offers deposits products, including c...

CEO

Samvir S. Sidhu

IPO Date

Mar 14, 2012

Website

www.customersbank.com

Key Metrics TTM

Revenue

$1.4B

+3.9% YoY

Net Income

$224M

EPS (Diluted)

$6.20

Free Cash Flow

$337M

Revenue / Share

$39.96

Gross Margin

51.6%

Operating Margin

22.0%

Net Margin

15.8%

FCF Margin

23.8%

P/S

1.8x

P/E

11.0x

Earnings Reports

FY 2025

Feb 27, 2026

$1.4B+3.9%EPS $6.20

Q4 2025

Feb 27, 2026

$388M+23.7%EPS $1.98

Q3 2025

Nov 7, 2025

$388M+15.0%EPS $2.20

Q2 2025

Aug 7, 2025

$354M-2.2%EPS $1.73

Q1 2025

May 9, 2025

$286M-18.1%EPS $0.29

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$202M	$168M	$96M
Q2 22	$205M	$149M	$78M
Q3 22	$223M	$154M	$82M
Q4 22	$264M	$102M	$36M
Q1 23	$328M	$144M	$68M
Q2 23	$341M	$153M	$68M
Q3 23	$390M	$196M	$110M
Q4 23	$361M	$174M	$84M
Q1 24	$349M	$161M	$65M
Q2 24	$362M	$177M	$77M
Q3 24	$337M	$146M	$46M
Q4 24	$314M	$130M	$36M
Q1 25	$286M	$110M	$12M
Q2 25	$354M	$181M	$79M
Q3 25	$388M	$201M	$100M
Q4 25	$388M	$237M	$120M

Valuation

Quarter	P/S	P/E
Q1 22	2.9x	7.0x
Q2 22	2.8x	7.0x
Q3 22	2.9x	8.3x
Q4 22	2.8x	10.9x
Q1 23	2.4x	12.1x
Q2 23	2.1x	12.8x
Q3 23	1.9x	11.4x
Q4 23	1.7x	9.9x
Q1 24	1.7x	10.1x
Q2 24	1.7x	9.6x
Q3 24	1.8x	11.4x
Q4 24	1.8x	13.6x
Q1 25	1.9x	17.1x
Q2 25	1.9x	16.8x
Q3 25	1.8x	14.0x
Q4 25	1.8x	11.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$117M	$114M
Q2 22	$49M	$23M
Q3 22	$109M	$51M
Q4 22	-$296M	-$322M
Q1 23	$18M	$15M
Q2 23	$89M	$77M
Q3 23	$136M	$130M
Q4 23	-$118M	-$139M
Q1 24	-$19M	-$23M
Q2 24	$6M	-$10M
Q3 24	$24M	$12M
Q4 24	$133M	$101M
Q1 25	$94M	$77M
Q2 25	$162M	$139M
Q3 25	$117M	$57M
Q4 25	$122M	$64M

Capital Expenditures

Quarter	CapEx
Q1 22	$3M
Q2 22	$26M
Q3 22	$58M
Q4 22	$26M
Q1 23	$2M
Q2 23	$13M
Q3 23	$6M
Q4 23	$21M
Q1 24	$4M
Q2 24	$16M
Q3 24	$12M
Q4 24	$33M
Q1 25	$17M
Q2 25	$23M
Q3 25	$59M
Q4 25	$58M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+12.8%	+21.8%
Q2 22	+13.3%	+28.1%
Q3 22	-13.5%	+33.9%
Q4 22	+20.1%	+118.0%
Q1 23	+62.3%	+144.9%
Q2 23	+66.7%	+114.7%
Q3 23	+75.0%	+98.3%
Q4 23	+36.5%	+21.2%
Q1 24	+6.3%	+9.0%
Q2 24	+5.9%	+4.2%
Q3 24	-13.7%	+3.9%
Q4 24	-13.1%	+0.3%
Q1 25	-18.1%	-3.4%
Q2 25	-2.2%	-3.4%
Q3 25	+15.0%	-1.3%
Q4 25	+23.7%	-3.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$4M	1.8%
Q2 22	$4M	1.8%
Q3 22	$3M	1.5%
Q4 22	$3M	1.3%
Q1 23	$3M	0.9%
Q2 23	$4M	1.0%
Q3 23	$4M	0.9%
Q4 23	$3M	0.7%
Q1 24	$4M	1.1%
Q2 24	$3M	0.9%
Q3 24	$4M	1.1%
Q4 24	$4M	1.2%
Q1 25	$4M	1.5%
Q2 25	$4M	1.2%
Q3 25	$4M	1.1%
Q4 25	$5M	1.4%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$29M	$315.0K
Q2 22	$27M	$353.0K
Q3 22	$53M	$762.0K
Q4 22	—	$1M
Q1 23	$35M	$1M
Q2 23	$43M	$546.0K
Q3 23	$58M	$650.0K
Q4 23	—	$850.0K
Q1 24	$49M	$682.0K
Q2 24	$55M	$1M
Q3 24	$69M	$908.0K
Q4 24	$6M	$2M
Q1 25	$54M	$528.0K
Q2 25	$58M	$461.0K
Q3 25	$57M	$636.0K
Q4 25	$52M	$812.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$245M	$0	$245M
Q3 22	$404M	$0	$404M
Q4 22	$456M	$3.0B	$3.4B
Q1 23	$2.0B	$2.9B	$5.0B
Q2 23	$3.2B	$2.8B	$6.0B
Q3 23	$3.4B	$2.8B	$6.2B
Q4 23	$3.8B	$2.4B	$6.3B
Q1 24	$3.7B	$2.6B	$6.3B
Q2 24	$3.0B	$2.5B	$5.6B
Q3 24	$3.1B	$2.4B	$5.5B
Q4 24	$3.8B	$2.0B	$5.8B
Q1 25	$3.4B	$758M	$4.2B
Q2 25	$3.5B	$677M	$4.2B
Q3 25	$4.2B	$611M	$4.8B
Q4 25	$62M	$0	$62M
Q1 26	$89M	$2.0B	$2.1B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	34M	+0.0%	+4.5%
Q2 22	34M	-2.2%	-0.5%
Q3 22	33M	-1.0%	-1.9%
Q4 22	33M	-0.5%	-3.6%
Q1 23	32M	-2.2%	-5.8%
Q2 23	32M	-2.3%	-5.9%
Q3 23	32M	+1.8%	-3.2%
Q4 23	33M	+1.1%	-1.7%
Q1 24	33M	+1.0%	+1.6%
Q2 24	33M	-0.5%	+3.5%
Q3 24	33M	+0.2%	+1.8%
Q4 24	33M	-0.6%	+0.1%
Q1 25	32M	-0.2%	-1.1%
Q2 25	32M	-0.4%	-1.0%
Q3 25	33M	+3.4%	+2.1%
Q4 25	35M	+5.8%	+8.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$674.3K	300
Q2 22	$682.5K	300
Q3 22	$743.5K	300
Q4 22	$660.7K	400
Q1 23	$821.0K	400
Q2 23	$853.5K	400
Q3 23	$975.6K	400
Q4 23	$1M	300
Q1 24	$1M	300
Q2 24	$1M	300
Q3 24	$1M	300
Q4 24	$1M	300
Q1 25	$952.6K	300
Q2 25	$1M	300
Q3 25	$1M	300
Q4 25	$1M	300

Revenue / Employee