Customers Bancorp, Inc (CUBI) financial statements (2021 and earlier)

Company profile

Business Address 701 READING AVENUE
WEST READING, PA 19611
State of Incorp. PA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6973341,07025721518496
Cash and cash equivalents6933311,06725621318296
Short-term investments422122 
Total current assets:6973341,07025721518496
Noncurrent Assets
Operating lease, right-of-use asset18182119202122
Property, plant and equipment12128991410
Intangible assets, net (including goodwill), including:14141515151616
Other undisclosed intangible assets, net (including goodwill)14141515151616
Total noncurrent assets:44454443455048
Other undisclosed assets17,69818,40016,79011,71811,26111,48911,039
TOTAL ASSETS:18,43918,77917,90312,01911,52111,72411,182
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,1001,530850 1,038  
Total current liabilities:1,1001,530850 1,038  
Noncurrent Liabilities
Other undisclosed liabilities16,22216,19716,04511,0549,43010,70510,191
Total liabilities:17,32217,72716,89511,05410,46810,70510,191
Stockholders' equity
Stockholders' equity attributable to parent1,1171,0511,0089651,0531,019991
Preferred stock217217217217217217217
Common stock33333333333332
Treasury stock, value(22)(22)(22)(22)(22)(22)(22)
Additional paid in capital456453451447444441439
Accumulated other comprehensive loss(6)(16)(10)(30)(1)(8)(10)
Retained earnings439386339320382358334
Total stockholders' equity:1,1171,0511,0089651,0531,019991
TOTAL LIABILITIES AND EQUITY:18,43918,77917,90312,01911,52111,72411,182

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues151150128129123125108
Net investment income146133119120119121105
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
1(14)(22)(33)(10)(4)(5)
Gross profit:15213510696113121103
Operating expenses(25)(25)(21)(25)(21)(22)(23)
Other operating income (expense), net
(Noninterest Income, Other Operating Income)
33(2)1633
Operating income:13011482719710283
Nonoperating income2222222
Bank owned life insurance income2222222
Profit (loss) from real estate operations(0)(0)(0)(0)(0)(0)0
Interest and debt expense(30)(32)(33)(44)(46)(51)(47)
Other undisclosed loss from continuing operations before equity method investments, income taxes(23)(21)(21)(24)(18)(18)(26)
Income from continuing operations before income taxes:7863305353512
Income tax expense(22)(12)(7)(2)(7)(8)(2)
Net income attributable to parent:565123328279
Preferred stock dividends and other adjustments(3)(3)(4)(4)(4)(4)(4)
Net income (loss) available to common stockholders, diluted:534719(1)24236

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:565123328279
Other comprehensive income    725
Comprehensive income:5651233342914
Other undisclosed comprehensive income (loss), net of tax, attributable to parent10(6)20(29)   
Comprehensive income (loss), net of tax, attributable to parent:664543(26)342914

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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