CUBI Q1 2024 Earnings — Customers Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

CUBICustomers Bancorp, Inc.

$2B

Q1 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$349M+6.3% YoY

Gross Profit

$161M46.0% margin

Operating Income

$65M18.7% margin

Net Income

$50M14.2% margin

EPS (Diluted)

$1.40

QoQ Revenue Growth

-3.3%

Cash Flow

Operating Cash Flow

-$19M

Free Cash Flow

-$23M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$21.3B

Total Liabilities

$19.7B

Stockholders' Equity

$1.7B

Cash & Equivalents

$3.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$349M	$328M	+6.3%
Gross Profit	$161M	$144M	+11.7%
Operating Income	$65M	$68M	-4.3%
Net Income	$50M	$54M	-7.4%