Customers Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 2009
Revenue	683.4	595.93	735.52	404.73	288.37	Upgrade
Revenue Growth (YoY)	14.68%	-18.98%	81.73%	40.35%	-7.35%	Upgrade
Cost of Revenue	29.9	22.98	17.82	14.72	9.47	Upgrade
Gross Profit	653.51	572.95	717.69	390.02	278.89	Upgrade
Selling, General & Admin	247.17	240.98	232.1	171.45	149.82	Upgrade
Other Operating Expenses	75.6	40.68	44.39	28.81	21.3	Upgrade
Operating Expenses	322.77	281.65	276.48	200.26	171.12	Upgrade
Operating Income	330.74	291.3	441.21	189.76	107.78	Upgrade
Other Expense / Income	-	-	39.62	10.46	2.06	Upgrade
Pretax Income	330.74	291.3	401.59	179.3	105.72	Upgrade
Income Tax	80.6	63.26	86.94	46.72	26.39	Upgrade
Net Income	250.14	228.03	314.65	132.58	79.33	Upgrade
Preferred Dividends	14.7	9.63	14.51	14.04	14.46	Upgrade
Net Income Common	235.45	218.4	300.13	118.54	64.87	Upgrade
Net Income Growth	7.80%	-27.23%	153.20%	82.74%	13.33%	Upgrade
Shares Outstanding (Basic)	31	33	32	32	31	Upgrade
Shares Change	-3.39%	0.32%	2.57%	0.90%	-1.16%	Upgrade
EPS (Basic)	7.49	6.69	9.29	3.76	2.08	Upgrade
EPS (Diluted)	7.32	6.51	8.91	3.74	2.05	Upgrade
EPS Growth	12.44%	-26.94%	138.24%	82.44%	15.17%	Upgrade
Free Cash Flow	86	-126.69	248.31	123.23	28.21	Upgrade
Free Cash Flow Per Share	2.74	-3.90	7.66	3.90	0.90	Upgrade
Dividend Per Share	-	-	-	1.931	-	Upgrade
Gross Margin	95.63%	96.14%	97.58%	96.36%	96.71%	Upgrade
Operating Margin	48.40%	48.88%	59.99%	46.88%	37.38%	Upgrade
Profit Margin	34.45%	36.65%	40.81%	29.29%	22.49%	Upgrade
Free Cash Flow Margin	12.58%	-21.26%	33.76%	30.45%	9.78%	Upgrade
Effective Tax Rate	24.37%	21.72%	21.65%	26.06%	24.96%	Upgrade
EBITDA	362.55	318.45	423.25	197.81	119.33	Upgrade
EBITDA Margin	53.05%	53.44%	57.55%	48.87%	41.38%	Upgrade
Depreciation & Amortization	31.81	27.16	21.67	18.51	13.61	Upgrade
EBIT	330.74	291.3	401.59	179.3	105.72	Upgrade
EBIT Margin	48.40%	48.88%	54.60%	44.30%	36.66%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).