CUBI Q1 2023 Earnings — Customers Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

CUBICustomers Bancorp, Inc.

$2B

Q1 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$328M+62.3% YoY

Gross Profit

$144M43.8% margin

Operating Income

$68M20.8% margin

Net Income

$54M16.4% margin

EPS (Diluted)

$1.55

QoQ Revenue Growth

+24.3%

Cash Flow

Operating Cash Flow

$18M

Free Cash Flow

$15M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$21.8B

Total Liabilities

$20.3B

Stockholders' Equity

$1.4B

Cash & Equivalents

$2.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$328M	$202M	+62.3%
Gross Profit	$144M	$168M	-14.2%
Operating Income	$68M	$96M	-28.9%
Net Income	$54M	$77M	-30.0%