CUBI Q4 2023 Earnings — Customers Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

CUBICustomers Bancorp, Inc.

$2B

Q4 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$361M+36.5% YoY

Gross Profit

$174M48.2% margin

Operating Income

$84M23.3% margin

Net Income

$62M17.2% margin

EPS (Diluted)

$1.79

QoQ Revenue Growth

-7.5%

Cash Flow

Operating Cash Flow

-$118M

Free Cash Flow

-$139M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$21.3B

Total Liabilities

$19.7B

Stockholders' Equity

$1.6B

Cash & Equivalents

$3.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$361M	$264M	+36.5%
Gross Profit	$174M	$102M	+71.2%
Operating Income	$84M	$36M	+134.0%
Net Income	$62M	$29M	+116.3%