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Customers Bancorp Inc   (CUBI)
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    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

Customers Bancorp Inc Income Statement Quarterly

CUBI


Select the Financial Report:   Period:   Fiscal Year:

INCOME STATEMENT
(Quarterly GAAP In millions $)

(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Interest and Fee Income, Loans and Leases 271.11 241.75 244.21 218.74 200.46
Interest and Dividend Income, Securities, Operating 54.24 48.03 47.32 42.95 30.55
Other Interest and Dividend Income 2.53 1.62 1.32 -3.00 4.91
Other Income 48.46 38.77 22.10 10.95 -
Total Interest Income 376.34 330.16 314.95 269.65 235.92
Interest Expense, Deposits 145.83 136.38 143.93 124.37 65.38
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Short-term - - - 4.46 4.68
Interest Expense, Long-term Debt and Capital Securities 2.69 2.69 2.69 -3.38 2.69
Other Intrest Expenses -5.77 -5.79 -6.10 9.06 -1.84
Total Interest Expense 176.57 164.89 165.05 134.51 76.88
Net Interest Income 199.77 165.27 149.90 135.14 159.03
Provision for loan losses 17.86 23.63 19.60 28.22 -7.99
Total Net Interest Income 181.92 141.64 130.30 106.92 167.03
Service Fees, Investment Banking, Brokerage and Other Transactions - - - -0.61 0.56
Operating LeaseLease Income 8.90 8.92 9.33 8.14 7.10
Revenue From Contract With Customer Including Assessed Tax - - - 0.07 0.07
Profit (Loss) from Real Estate Operations - - - - -
Other Noninterest Income 0.63 2.23 1.08 -10.12 -0.11
Gain On Sale Of Repossessed Assets - - - - -
Gain On Sale Of Bank Premises And Equipment - - - - -
Debt Securities Realized Gain Loss - - - 3.20 -2.14
Income From Loan Fees - - - -3.01 3.01
Fees Mortgage Warehouse Lending - - - -3.56 1.55
Interest And Fees Income Loans And Leases Tax Exempt - - - - -
Loan Fees - - - - -
Operating Lease Lease Income - - - - -
Loss Upon Acquisition of Interest Only G N M A Securities - - - - -
Gain Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net - - - - -
Statement Line Items - - - - -
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal Including Portion Of Available For Sale Securities - - - 7.99 -7.99
Loss/ -Gain on Investment - - - - -23.47
Other Non-Interest Income -0.31 -4.93 4.98 2.91 9.88
Fdic Assessments Taxes And Regulatory Fees 8.55 9.78 2.73 2.34 2.53
Total Noninterest Income 17.78 16.00 18.12 7.35 -9.02
Total Revenues 199.69 157.64 148.42 114.27 158.01
Salaries & employee benefits, SGA 0.65 0.55 1.05 50.83 0.76
Restructuring, Accretion & impairment charges 4.10 - - 7.52 -
Foreclosed Real Estate Expense - - - - -
Communications, Occupancy and Information Technology 2.47 2.52 2.76 11.10 2.61
Professional Fees and Commission 8.57 9.19 7.60 18.77 6.27
Policyholder Benefits and Claims Incurred, Net - - - - -
Equipment, Postage and Supplies Net - - - - -
Federal Deposit Insurance Corporation Premium Expense - - - - -
Other Noninterest Expense 4.42 5.63 4.53 11.29 3.18
Loan Workout Expense Income - - - -0.43 0.22
Other loss/ -income 69.26 71.41 64.20 58.08 63.16
Total Operating Expenses 89.47 89.30 80.13 172.19 76.20
Total Costs & Expenses 266.03 254.19 245.18 306.70 153.08
Income /-loss before income taxes 110.23 68.34 68.28 35.85 81.81
Income taxes expenses/-benefit 23.47 20.77 14.56 7.14 17.90
Income after income taxes 86.76 47.57 53.72 28.71 63.91
Net income/-loss of other equity - - - 0.00 0.00
Income /-loss after income taxes 86.76 47.57 53.72 28.71 63.91
Noncontrolling Interests - - - - -
Discontinued Operations - - - - -
Extraordinary Items - - - - -
Net Income/-loss 86.76 47.57 53.72 28.71 63.91
   Noncontrolling interests - - - - -
   Prefered dividends 3.80 3.57 3.46 3.09 2.55
   Other - - - - -
Income/-loss to shareholder 82.95 44.01 50.27 25.62 61.36


Per Share (GAAP Quarterly, in $) (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Basic EPS (excl. extra items) 2.65 1.41 1.58 0.79 1.89
   Extraordinary items 0.00 0.00 0.00 0.00 0.00
Basic Net EPS 2.65 1.41 1.58 0.79 1.89
Basic shares outstanding (Mill. of Units) 31.30 31.21 31.81 32.45 32.47
   EPS other shares - - - - -
Diluted Net EPS 2.58 1.39 1.55 0.79 1.85
Diluted average shares (Mill. of Units) 32.15 31.66 32.43 33.55 33.17
Dividend per share - - - - -



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