Customers Bancorp Inc

Chart & Performance

D1W1MN

P/E

11.59

P/S

1.55

EPS

5.74

Div Yield, %

—

Shrs. gr., 5y

0.67%

Rev. gr., 5y

30.72%

Revenues

1.36b

+99.14%

Net income

181m

-27.45%

CFO

145m

+16.30%

Profile

Customers Bancorp, Inc. operates as the bank holding company for Customers Bank that provides financial products and services to individual consumers, and small and middle market businesses. The company offers deposits products, including checking, savings, MMDA, and other deposits accounts. It offers loan products, including commercial mortgage warehouse loans, multi-family and commercial real estate loans, business banking, small business loans, equipment financing, residential mortgage loans, and installment loans. It also offers traditional banking activities, including mobile phone banking, internet banking, wire transfers, electronic bill payment, lock box services, remote deposit capture services, courier services, merchant processing services, cash vault, controlled disbursements, positive pay, cash management services, such as account reconciliation, collections, and sweep accounts. It operates 12 full-service branches, as well as limited production and administrative offices in Southeastern Pennsylvania, including Bucks, Berks, Chester, Philadelphia, and Delaware Counties; Harrisburg, Pennsylvania; Rye Brook and New York; Hamilton, New Jersey; Boston, Massachusetts; Providence, Rhode Island; Portsmouth, New Hampshire; Manhattan and Melville, New York; Washington D.C.; Chicago, Illinois; Dallas, Texas; Orlando, Florida; and Wilmington, North Carolina. Customers Bancorp, Inc. was founded in 1994 and is headquartered in West Reading, Pennsylvania.

URL

https://www.customersbank.com/

IPO date

May 16, 2013

Employees

691

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	1,360,929 99.14%	683,403 8.07%	632,378 -15.52%
Cost of revenue	968,890	171,406	123,775
Unusual Expense (Income)
NOPBT	392,039	511,997	508,603
NOPBT Margin	28.81%	74.92%	80.43%
Operating Taxes	42,904	80,597	63,263
Tax Rate	10.94%	15.74%	12.44%
NOPAT	349,135	431,400	445,340
Net income	181,469 -27.45%	250,143 9.70%	228,034 -27.53%
Dividends	(15,147)	(14,636)	(9,326)
Dividend yield	0.95%	0.79%	0.98%
Proceeds from repurchase of equity	(17,482)	(36,694)	(32,629)
BB yield	1.10%	1.98%	3.43%
Debt
Debt current	100,000	29,698	300,000
Long-term debt	1,309,929	1,510,889	1,119,228
Deferred revenue			(77,946)
Other long-term liabilities	215,168	17,988,031	(874,866)
Net debt	(19,904,414)	(5,814,569)	(5,851,837)
Cash flow
Cash from operating activities	145,057	124,729	(20,825)
CAPEX	(65,187)		(113,347)
Cash from investing activities	(1,006,091)	3,157,723	(1,298,412)
Cash from financing activities	800,619	108,088	1,257,011
FCF	13,097,121	15,931,499	(14,290,699)
Balance
Cash	5,805,625	3,846,346	3,443,306
Long term investments	15,508,718	3,508,810	3,827,759
Excess cash	21,246,297	7,320,986	7,239,446
Stockholders' equity	1,403,003	1,196,266	933,844
Invested Capital	2,058,777	20,149,697	19,953,656
ROIC	3.14%	2.15%	2.27%
ROCE	11.32%	2.40%	2.43%
EV
Common stock shares outstanding	32,719	32,159	33,548
Price	48.68 -15.52%	57.62 103.32%	28.34 -56.65%
Market cap	1,592,761 -14.04%	1,852,989 94.90%	950,742 -56.84%
EV	(18,173,859)	(3,823,786)	(4,763,301)
EBITDA	425,591	543,810	535,760
EV/EBITDA
Interest	673,430	679,911	261,653
Interest/NOPBT	171.78%	132.80%	51.45%