CUBI Q3 2024 Earnings — Customers Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

CUBICustomers Bancorp, Inc.

$2B

Q3 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$337M-13.7% YoY

Gross Profit

$146M43.4% margin

Operating Income

$46M13.7% margin

Net Income

$47M13.9% margin

EPS (Diluted)

$1.31

QoQ Revenue Growth

-6.8%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$12M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$21.5B

Total Liabilities

$19.7B

Stockholders' Equity

$1.8B

Cash & Equivalents

$3.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$337M	$390M	-13.7%
Gross Profit	$146M	$196M	-25.3%
Operating Income	$46M	$110M	-58.3%
Net Income	$47M	$87M	-46.1%