Customers Bancorp (CUBI) financial statements
Customers Bancorp reported revenue of $818M in fiscal 2025, up 11.6% a year over 9 years.
Net income was $224M.
Free cash flow was $481M, and the company returned $6M in net buybacks.
The diluted share count rose 11% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Customers Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $306M | $56M | $43M | $47M | $40M | $763M | $656M | $758M | $715M | $818M |
| Interest expense | $73M | $106M | $160M | $186M | $140M | $96M | $262M | $680M | — | — |
| Pre-tax income | $125M | $124M | $91M | $108M | $190M | $441M | $291M | $331M | $224M | $288M |
| Income tax | $46M | $45M | $19M | $26M | $47M | $87M | $63M | $81M | $43M | $64M |
| Net income | $79M | $79M | $72M | $79M | $133M | $315M | $228M | $250M | $181M | $224M |
| EPS (diluted) | $2.31 | $1.97 | $1.78 | $2.05 | $3.74 | $8.91 | $6.51 | $7.32 | $5.09 | $6.26 |
| Diluted shares | 30M | 33M | 32M | 32M | 32M | 34M | 34M | 32M | 33M | 33M |
| Net margin | 25.7% | 140.9% | 165.8% | 169.8% | 329.8% | 41.2% | 34.8% | 33.0% | 25.4% | 27.4% |
Balance sheet
Fiscal years, from Customers Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $265M | $146M | $62M | $213M | $693M | $518M | $456M | $3.8B | $3.8B | $4.4B |
| Property, plant and equipment | $13M | $12M | $11M | $9M | $11M | $9M | $9M | $7M | $7M | $17M |
| Total assets | $9.4B | $9.8B | $9.8B | $11.5B | $18.4B | $19.6B | $20.9B | $21.3B | $22.3B | $24.9B |
| Total liabilities | $8.5B | $8.9B | $8.9B | $10.5B | $17.3B | $18.2B | $19.5B | $19.7B | $20.5B | $22.8B |
| Shareholders' equity | $856M | $921M | $957M | $1.1B | $1.1B | $1.4B | $1.4B | $1.6B | $1.8B | $2.1B |
| Net debt | -$265M | -$146M | -$62M | -$213M | -$693M | -$518M | -$456M | -$3.8B | -$3.8B | -$4.4B |
Cash flow
Fiscal years, from Customers Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $91M | $62M | $97M | $78M | $133M | $296M | -$21M | $125M | $145M | $495M |
| Capital spending | $5M | $2M | $2M | $2M | $5M | $613,000 | $4M | $590,000 | $1M | $14M |
| Free cash flow | $86M | $60M | $96M | $77M | $128M | $295M | -$25M | $124M | $144M | $481M |
| Stock-based compensation | $7M | $7M | $10M | $10M | $13M | $14M | $14M | $13M | $14M | $18M |
| Share buybacks (net) | $0 | $0 | -$13M | -$571,000 | $0 | -$28M | -$33M | -$40M | -$19M | -$6M |
| Net borrowing | -$832M | $842M | -$427M | — | — | — | — | — | — | — |
| Free cash flow margin | 28.1% | 107.3% | 221.3% | 164.3% | 319.3% | 38.7% | -3.8% | 16.4% | 20.1% | 58.8% |
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Open CUBI in InvestinglyQuestions
What was Customers Bancorp's revenue in 2025?
$818M in fiscal 2025, from its 10-K filing.
How much free cash flow does Customers Bancorp generate?
$481M in fiscal 2025 (operating cash flow minus capital spending).
From Customers Bancorp's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.