CUBI Q3 2023 Earnings — Customers Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

CUBICustomers Bancorp, Inc.

$2B

Q3 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$390M+75.0% YoY

Gross Profit

$196M50.2% margin

Operating Income

$110M28.2% margin

Net Income

$87M22.2% margin

EPS (Diluted)

$2.58

QoQ Revenue Growth

+14.3%

Cash Flow

Operating Cash Flow

$136M

Free Cash Flow

$130M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$21.9B

Total Liabilities

$20.3B

Stockholders' Equity

$1.6B

Cash & Equivalents

$3.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$390M	$223M	+75.0%
Gross Profit	$196M	$154M	+27.0%
Operating Income	$110M	$82M	+34.7%
Net Income	$87M	$64M	+35.7%