Customers Bancorp, Inc.
Financial ServicesNYSE:CUBI · New York Stock Exchange
+$0.99 today
Vol 0.12M · Avg 0.35M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$1.5B of revenue converted into $280.8M of net income for the selected period. Gross margin is 54.7% and net margin is 18.7%, showing how much revenue survives after costs and taxes. EPS is $7.88, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B +3.9% | $1.4B -4.2% | $1.4B +58.7% | $895.1M +6.0% | $844.6M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $684.7M -8.3% | $746.9M -1.0% | $754.5M +134.5% | $321.7M +161.1% | $123.2M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $729.8M +18.9% | $614.0M -7.8% | $666.3M +16.2% | $573.4M -20.5% | $721.4M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 51.6% +6.5pp | 45.1% -1.8pp | 46.9% -17.2pp | 64.1% -21.4pp | 85.4% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $223.6M +0.7% | $222.0M +29.5% | $171.4M +38.5% | $123.8M +3.3% | $119.8M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $419.1M +7.5% | $389.7M +16.1% | $335.6M +19.0% | $282.1M +0.7% | $280.2M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $40.8M +21.7% | $33.6M +5.5% | $31.8M +17.1% | $27.2M +25.3% | $21.7M | $374.2M | $1.2B | $631.8M |
| EBITDA | $351.6M +36.3% | $257.9M -28.9% | $362.6M +13.8% | $318.5M -31.2% | $462.9M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 24.9% +5.9pp | 19.0% -6.6pp | 25.5% -10.1pp | 35.6% -19.2pp | 54.8% | 5.6% | 46.3% | 42.0% |
| Operating Income | $310.8M +38.5% | $224.4M -32.2% | $330.7M +13.5% | $291.3M -34.0% | $441.2M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 22.0% +5.5pp | 16.5% -6.8pp | 23.3% -9.3pp | 32.5% -19.7pp | 52.2% | 16.6% | 24.1% | 22.0% |
| Interest Income | $1.4B +2.4% | $1.3B -2.9% | $1.4B +54.4% | $885.4M +13.4% | $780.9M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $609.1M -9.6% | $673.4M -1.0% | $679.9M +159.9% | $261.7M +173.1% | $95.8M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$22.3M | $0 | $0 | $0 | $0 | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $288.4M +28.5% | $224.4M -32.2% | $330.7M +13.5% | $291.3M -34.0% | $441.2M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 20.4% +3.9pp | 16.5% -6.8pp | 23.3% -9.3pp | 32.5% -19.7pp | 52.2% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $64.3M +50.0% | $42.9M -46.8% | $80.6M +27.4% | $63.3M -27.2% | $86.9M | $1.3B | -$1.6B | $745.2M |
| Net Income | $224.1M +23.5% | $181.5M -27.5% | $250.1M +9.7% | $228.0M -27.5% | $314.6M | $4.9B | $4.8B | $4.7B |
| Net Margin | 15.8% +2.5pp | 13.3% -4.3pp | 17.6% -7.9pp | 25.5% -11.8pp | 37.3% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $6 +21.2% | $5 -29.5% | $7 +12.0% | $7 -36.3% | $11 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $6 +21.8% | $5 -30.5% | $7 +12.4% | $7 -35.4% | $10 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $34.2M +8.5% | $31.5M +0.2% | $31.4M -3.7% | $32.6M +1.0% | $32.3M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $35.4M +8.2% | $32.7M +1.7% | $32.2M -4.1% | $33.5M -0.4% | $33.7M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
First Financial Bancorp.
NASDAQ:FFBC
$3.39B
WaFd, Inc.
NASDAQ:WAFD
$2.74B
Trustmark Corporation
NASDAQ:TRMK
$2.69B
First Merchants Corporation
NASDAQ:FRME
$2.65B
First Bancorp
NASDAQ:FBNC
$2.56B
NBT Bancorp Inc.
NASDAQ:NBTB
$2.51B
First Busey Corporation
NASDAQ:BUSE
$2.43B
Enterprise Financial Services Corp
NASDAQ:EFSC
$2.35B
Banner Corporation
NASDAQ:BANR
$2.28B
Hilltop Holdings Inc.
NYSE:HTH
$2.25B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does CUBI generate?
Customers Bancorp, Inc. (CUBI) reported $1.41B of revenue in fiscal 2025.
Is CUBI profitable?
Customers Bancorp, Inc. (CUBI) reported $224.09M of net income, with a net margin of 15.8%.
Explore More
Continue the stock analysis
Jump to another research area for this company.