CUBICustomers Bancorp, Inc.

$2B

Q2 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$362M+5.9% YoY

Gross Profit

$177M49.0% margin

Operating Income

$77M21.3% margin

Net Income

$58M16.1% margin

EPS (Diluted)

$1.66

QoQ Revenue Growth

+3.6%

Cash Flow

Operating Cash Flow

$6M

Free Cash Flow

-$10M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$20.9B

Total Liabilities

$19.2B

Stockholders' Equity

$1.7B

Cash & Equivalents

$3.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$362M	$341M	+5.9%
Gross Profit	$177M	$153M	+15.8%
Operating Income	$77M	$68M	+12.8%
Net Income	$58M	$48M	+22.1%

CUBI Q2 2024 Earnings — Customers Bancorp, Inc. Revenue & Financial Results | Market Cap Arena