Customers Bancorp Inc (CUBI)

NYSE: CUBI · State Commercial Banks · West Reading, PA · filing with the SEC since 2010

Grade4.0

◀ Past 3.3● Present 3.4▶ Future 6.1

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 27, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Mar 2, 2021	Mar 2, 2020	Mar 1, 2019	Feb 23, 2018	Mar 8, 2017
Revenue	·	·	·	·	·	40,194	46,720	43,239	55,961	·
For lenders
Interest and dividend income	1,359,587	1,327,834	1,367,360	885,373	780,884	543,304	463,739	417,951	372,850	322,539
Interest expense on deposits and borrowings	609,098	673,430	679,911	261,653	·	·	·	·	·	·
Net interest income	750,489	654,404	687,449	623,720	685,074	403,688	277,310	257,877	267,343	249,497^r
Provision for credit losses	·	·	·	·	27,426	62,774	24,227	5,642	6,768	3,330^r
Net interest income after provision	652,531	580,953	612,838	563,654	657,648	340,914	253,083	252,235	260,575	246,456^r
Noninterest income	67,823	60,434	70,565	32,272	77,867	63,818^r	35,284^r	58,998	78,910	56,370^r
Noninterest expense	431,923	417,014	352,663	304,629	294,307	214,976^r	180,588^r	220,179	215,606	178,231^r
Interest expense	·	·	679,911	261,653	95,810	139,616	186,429	160,074	105,507	73,042^r
Income before income taxes	288,431	224,373	330,740	291,297	441,208	189,756	107,779	91,054	123,879	124,595^r
Income tax expense	64,343	42,904	80,597	63,263	86,940	46,717^r	26,392^r	19,359	45,042	45,893^r
Income from continuing operations	224,088	181,469	250,143	228,034	354,268	143,039	81,387	71,695	78,837	78,702^r
Income from discontinued operations	·	·	0	0	-39,621	-10,461	-2,060	·	·	-9,005
Net income	224,088	181,469	250,143	228,034	314,647	132,578	79,327	71,695	78,837	78,702
Preferred dividends	10,198	15,040	14,695	9,632	11,693	14,041	14,459	14,459	14,459	9,515
Net income to common shareholders	209,183	166,429	235,448	218,402	300,134	118,537	64,868	57,236	64,378	69,187
Earnings per share, basic	6.46	5.28	7.49	6.69	9.29	3.76	2.08	1.81	2.10	2.51
Earnings per share, diluted	6.26	5.09	7.32	6.51	8.91	3.74	2.05	1.78	1.97	2.31
Weighted average shares, basic	32,393,487	31,509,179	31,435,647	32,632,751	32,312,262	31,506,699	31,183,841	31,570,118	30,659,320	27,596,020
Weighted average shares, diluted	33,438,296	32,719,134	32,158,788	33,547,706	33,697,547	31,727,784	31,646,216	32,233,098	32,596,677	30,013,650

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the change of share basis.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerIncludingAssessedTax

Interest and dividend income what its loans and securities earnedus-gaap:InterestAndDividendIncomeOperating

Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Provision for credit losses set aside for loans that may not be repaid

us-gaap:ProvisionForLoanLossesExpensed
us-gaap:ProvisionForLoanLeaseAndOtherLosses

Net interest income after provision interest income left after the provisionus-gaap:InterestIncomeExpenseAfterProvisionForLoanLoss

Noninterest income fees and other income that is not interestus-gaap:NoninterestIncome

Noninterest expense salaries, buildings and the other costs of running the bankus-gaap:NoninterestExpense

Interest expense what its borrowing costus-gaap:InterestExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperations

Income from discontinued operations profit or loss from businesses it sold or closedus-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton CUBI · research, not advice