CUBI Q2 2023 Earnings — Customers Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

CUBICustomers Bancorp, Inc.

$2B

Q2 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$341M+66.7% YoY

Gross Profit

$153M44.8% margin

Operating Income

$68M20.0% margin

Net Income

$48M13.9% margin

EPS (Diluted)

$1.39

QoQ Revenue Growth

+4.0%

Cash Flow

Operating Cash Flow

$89M

Free Cash Flow

$77M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$22.0B

Total Liabilities

$20.6B

Stockholders' Equity

$1.5B

Cash & Equivalents

$3.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$341M	$205M	+66.7%
Gross Profit	$153M	$149M	+2.3%
Operating Income	$68M	$78M	-11.9%
Net Income	$48M	$59M	-18.9%