Customers Bancorp, Inc. CUBI Cash Flow

Customers bancorp, inc. (CUBI)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Jun'10
Cash Flows from Operating Activities
Net income
66,987	79,327	69,663	48,626	62,993	71,695	75,448	77,172	77,232	78,837	77,049	87,089	85,141	78,702	76,661	74,157	63,939	58,583	55,293	51,666	50,348	44,532	39,047	35,653	33,641	32,694	31,249	29,617	27,895	23,818	19,480	15,181	8,822	4,034	806	0	0	0
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for credit losses on loans and leases
51,246	24,227	15,924	14,422	8,292	5,642	5,088	4,516	5,835	6,768	6,124	3,860	4,111	3,041	9,027	11,033	19,582	20,566	16,852	19,793	13,343	14,747	8,054	7,491	6,721	2,236	6,086	11,730	12,353	14,270	15,599	6,383	6,495	7,495	0	0	0	-
Loss contingency
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	2,000	2,000	2,000	0	0	0	0	-	-	-	-	-
Depreciation and amortization
25,998	22,879	19,089	16,325	15,100	14,157	13,560	15,124	12,670	10,801	9,235	6,562	6,526	5,897	5,102	3,658	3,811	3,998	3,835	3,844	3,726	3,583	3,796	3,657	3,391	3,129	2,692	2,616	2,204	2,024	1,855	1,448	1,529	1,375	0	0	0	-
Share-based compensation expense
10,933	9,851	10,434	10,256	9,903	9,740	8,385	7,989	7,556	7,167	7,233	7,337	7,209	7,069	6,762	6,200	5,934	5,661	5,301	5,139	4,994	5,237	4,955	4,686	4,323	3,368	2,859	2,283	2,190	2,014	1,805	1,641	1,085	704	0	0	0	-
Deferred taxes
-9,649	14,516	11,766	4,450	8,497	9,303	20,772	21,580	17,788	14,820	2,553	-2,604	-3,331	-2,579	-7,358	-9,179	-8,084	-10,092	-13,884	-11,879	-9,942	-6,187	2,332	4,425	4,424	2,210	-2,624	-3,918	-3,917	-3,731	-3,840	-2,540	-2,541	-2,728	0	0	0	-
Net amortization (accretion) of investment securities premiums and discounts
-1,076	-1,016	-889	-1,011	-1,219	-1,403	-1,387	-1,283	-966	-702	-747	-699	-797	-891	-899	-878	-852	-858	-870	-855	-855	-821	-681	-617	-544	-475	-533	-3,097	-3,131	-3,062	-3,036	-78	89	143	0	0	0	-
Unrealized (gain) loss on investment securities
-102	1,300	920	-1,649	-1,608	-1,600	-1,532	-296	10	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on sale of investment securities
0	-	-	-	0	-	-	-	-	-	-	-	-	25	25	10	-59	-85	-85	-69	359	3,191	4,465	4,465	4,106	1,274	11	11	8,808	9,017	10,324	11,737	2,940	2,731	0	0	0	-
Impairment loss on investment securities
-	-	-	-	-	-	-	-	-	12,934	20,196	11,847	8,965	7,262	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on sale of SBA and other loans
2,836	2,804	635	1,645	2,574	3,913	5,225	5,287	4,954	4,898	4,564	4,679	4,296	3,685	4,018	3,574	4,023	4,479	5,078	5,014	6,112	5,344	3,851	2,868	1,300	852	491	426	407	357	220	590	251	329	0	0	0	-
Origination of loans held for sale
46,908	48,044	44,481	42,297	35,601	31,699	31,807	32,284	39,125	41,172	-27,020,769	-17,082,670	-6,830,671	39,750	3,983,478	2,091,565	288,935	39,257	28,988,157	26,335,363	21,946,173	18,138,339	15,791,854	15,119,232	17,454,633	20,670,866	23,282,981	24,495,973	18,944,815	13,410,485	7,862,489	2,521,970	2,209,613	2,243,122	0	0	0	-
Proceeds from the sale of loans held for sale
47,178	47,455	44,855	39,627	35,302	32,676	32,874	34,575	39,460	40,656	-26,399,299	-16,565,146	-6,644,196	42,772	3,710,485	2,190,683	448,626	40,815	28,539,803	25,448,386	20,969,352	17,553,196	15,480,889	15,474,633	18,116,720	21,360,465	23,550,230	23,361,868	17,758,866	12,145,595	6,879,878	2,413,682	2,209,002	2,268,340	0	0	0	-
Amortization (accretion) of fair value discounts and premiums
353	893	591	341	280	194	159	75	137	88	186	268	546	405	1,938	435	686	832	-836	562	-112	-273	-419	-842	-1,082	-912	-687	-559	1,175	-240	333	15	-1,279	280	0	0	0	-
Decrease in FDIC loss sharing receivable net of clawback liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-255	1,645	251	1,992	2,430	226	2,361	1,553	2,409	-731	2,489	1,877	1,610	4,355	4,190	3,371	3,838	4,793	997	1,651	1,965	0	0	0	-
Net (gain) loss on sales of other real estate owned
-133	-137	0	0	0	-	-	-	-	-154	-199	113	-12	-130	-337	-507	-335	-761	-747	-745	-1,360	-966	-1,206	-1,107	-808	-732	-497	-807	-1,259	-1,228	-853	-234	427	367	0	0	0	-
Valuation and other adjustments to other real estate owned
-	-	-	-	-	153	124	145	316	298	510	1,511	1,326	1,473	1,336	1,493	819	992	2,255	1,229	2,195	1,979	0	0	0	-	-	0	0	-	-	379	1,402	576	0	0	0	-
Earnings on investment in bank-owned life insurance
7,218	7,272	7,328	7,373	7,405	7,620	7,691	7,495	7,883	7,219	6,404	6,117	4,980	4,736	7,228	7,019	7,068	7,006	4,463	4,262	3,928	3,702	3,470	3,109	2,841	2,482	2,081	1,868	1,588	1,458	0	0	0	-	-	-	-	-
Net increase in earnings on investment in bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
(Increase) decrease in accrued interest receivable and other assets
149,888	84,141	92,388	90,068	55,917	34,614	25,919	31,110	28,235	32,256	728	-11,063	846	11,538	40,836	44,786	30,284	12,024	16,196	8,988	20,021	15,210	20,077	16,663	13,363	15,091	12,394	13,550	9,589	9,587	-23,635	-2,784	-2,628	-2,257	0	0	0	-
Increase (decrease) in accrued interest payable and other liabilities
59,102	15,002	-591	13,322	-2,562	9,881	23,193	25,731	-8,496	-16,687	-74,864	-36,686	687	5,819	70,196	26,168	9,420	8,706	9,143	-1,208	-1,678	9,606	-30,452	15,387	21,054	6,974	49,512	5,618	6,625	4,346	-2,103	-3,411	-2,617	-2,369	0	0	0	-
Net Cash Used In Operating Activities
49,151	78,280	33,792	35,132	58,123	97,474	130,236	115,331	75,945	62,193	650,410	594,379	288,294	91,403	-161,845	158,828	213,677	66,569	-394,656	-836,787	-943,705	-539,988	-311,578	399,256	713,301	722,035	340,022	-1,100,551	-1,158,118	-1,242,061	-939,378	-99,971	11,544	29,903	-24,792	0	0	0
Cash Flows from Investing Activities
Proceeds from maturities, calls and principal repayments of investment securities
58,290	38,709	28,014	29,713	37,322	44,313	50,589	51,497	47,832	48,124	55,065	58,571	63,580	64,701	61,462	61,432	68,494	76,331	74,445	71,012	59,670	49,195	46,009	37,912	30,471	25,109	19,748	17,129	34,127	31,420	31,778	35,233	19,548	22,137	0	0	0	-
Purchases of investment securities held to maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	397,482	0	0	0	-
Proceeds from sales of investment securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	2,852	2,853	3,162	3,654	806	806	492	25,358	213,249	348,442	348,442	323,084	135,193	2,611	2,611	260,256	309,221	376,596	489,353	231,708	182,743	0	0	0	-
Purchases of investment securities available for sale
158,782	0	0	0	7,000	763,242	763,242	915,825	1,014,292	796,594	796,594	644,011	538,544	5,000	167,345	229,703	236,703	231,703	84,358	22,000	15,000	164,940	301,315	622,280	656,430	542,110	396,535	75,570	149,669	114,049	0	0	0	-	-	-	-	-
Origination of mortgage warehouse loans
36,534,565	31,782,542	27,637,103	25,195,180	25,444,950	27,209,330	29,085,616	29,651,038	30,493,754	30,084,255	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from repayments of mortgage warehouse loans
35,456,641	30,900,905	26,629,537	25,098,089	25,839,608	27,597,318	29,530,537	29,821,940	30,303,129	30,407,662	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (increase) decrease in loans and leases, excluding mortgage warehouse loans
-412,057	-239,018	-73,202	-55,549	-108,435	-59,534	59,799	406,799	629,824	960,372	1,074,910	699,623	723,405	794,954	1,376,058	1,663,087	1,641,645	1,341,133	795,461	1,262,019	1,354,199	1,814,317	1,994,442	1,528,737	1,475,117	1,008,410	880,065	3,775	105,073	-61,202	58,438	834,078	533,238	581,339	0	0	0	-
Proceeds from maturities, calls and principal repayments on investment securities held to maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,968	93,370	113,946	116,252	78,049	0	0	0	-
Proceeds from sale of loans
-	-	-	-	-	110,526	380,026	378,629	373,538	462,518	165,939	228,504	231,606	133,104	147,653	116,671	113,569	248,060	245,086	305,673	303,737	162,724	117,261	13,691	11,612	11,624	5,089	4,713	4,938	4,502	0	0	0	-	-	-	-	-
Purchase of loans
1,231,491	1,167,417	686,514	674,967	527,177	397,888	347,740	278,508	90,802	262,641	262,641	262,641	171,839	0	0	0	0	-	-	-	-	309,927	316,969	303,342	296,980	164,033	155,306	218,552	218,552	63,246	0	0	0	-	-	-	-	-
Proceeds from bank-owned life insurance
-	-	-	-	-	529	529	529	1,947	1,418	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of bank-owned life insurance
-	-	-	-	-	-	-	-	-	90,000	90,000	50,000	50,000	0	0	0	0	15,000	15,000	45,000	45,465	30,465	47,965	35,465	35,465	45,465	0	0	0	-	0	0	0	-	-	-	-	-
Net proceeds from (purchases of) FHLB, Federal Reserve Bank, and other restricted stock
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-
Net purchases of bank-owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-273	0	0	0	-
Net proceeds from FHLB, Federal Reserve Bank, and other restricted stock
-	-	-	-	-	-	0	0	45,084	-	26,990	18,271	-7,051	-22,433	8,107	33,270	10,471	8,839	-21,128	3,680	31,368	39,578	65,529	41,280	16,349	12,261	0	0	0	-	-	-	15,026	16,702	0	0	0	-
Purchases of bank premises and equipment
1,691	1,705	5,830	1,514	1,650	1,777	1,754	1,011	2,037	2,135	3,808	5,208	4,177	5,426	3,843	3,090	3,725	2,939	2,388	2,425	1,892	1,270	2,475	3,194	3,811	3,894	3,110	2,499	2,597	2,713	3,339	3,735	2,513	2,721	0	0	0	-
Proceeds from sales of other real estate owned
812	735	0	0	0	-	-	-	-	1,680	2,312	1,423	1,415	1,051	3,737	4,769	7,357	8,890	7,054	7,141	8,234	7,991	11,433	12,188	10,437	9,506	9,261	10,639	9,663	12,062	7,578	4,515	7,521	5,572	0	0	0	-
Payments to the FDIC on loss sharing agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	2,049	-7,906	-5,088	-3,935	-3,917	-6,835	-6,420	-7,045	-5,446	2,737	-8,377	-7,799	-6,726	5,747	11,143	9,061	6,573	8,788	11,880	9,404	7,545	0	0	0	-
Purchases of leased assets under lessor operating leases
47,145	48,552	42,597	42,393	42,243	37,207	44,072	28,709	24,978	22,223	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Used In Investing Activities
-1,681,655	-1,444,435	-1,480,541	-138,231	583,182	-104,098	257,645	-421,425	-843,892	-565,125	-1,565,986	-1,638,304	-1,131,697	-961,534	-1,775,934	-2,160,203	-2,115,404	-1,681,443	-546,316	-961,646	-1,068,752	-1,921,892	-2,201,629	-2,116,990	-2,102,895	-1,588,015	-1,430,870	-296,038	-193,903	262,130	271,321	-321,696	-309,188	-760,478	-513,679	0	0	0
Cash Flows from Financing Activities
Net (decrease) increase in deposits
988,325	1,506,700	411,971	889,823	382,859	342,094	916,638	-179,408	-293,021	-503,633	208,106	717,055	946,532	1,394,276	1,603,782	1,281,161	1,495,645	1,376,985	1,501,648	1,786,845	1,287,536	1,573,167	1,040,816	915,198	1,070,568	519,179	895,216	845,946	731,751	857,791	766,357	401,612	292,916	215,495	0	0	0	-
Net increase (decrease) in short-term borrowed funds from the FRB
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in short-term borrowed funds from the FHLB
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in short-term borrowed funds from the FHLB
-	-	-	-	-	-363,790	-627,343	390,197	1,046,065	743,060	425,643	92,700	-477,150	-831,500	-24,200	443,900	63,700	-17,700	-633,600	-3,500	350,000	633,500	1,157,500	491,500	293,000	208,500	52,000	343,000	517,000	91,000	-85,000	31,000	0	325,000	0	0	0	-
Net increase (decrease) in federal funds purchased
-317,000	-351,000	-373,000	-301,000	-193,000	-32,000	147,000	45,000	20,000	-72,000	-95,000	-89,000	-135,000	-13,000	-2,000	-61,000	-80,000	-70,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from long-term borrowed funds from the FHLB
-	-	-	-	-	-	-	-	-	-	-	-	-	75,000	75,000	75,000	25,000	25,000	25,000	90,000	290,000	265,000	265,000	185,000	-15,000	35,000	84,000	99,000	99,000	49,000	0	0	0	-	-	-	-	-
Net proceeds from issuance of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	161,902	161,980	79,701	79,677	55,569	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividends paid
14,459	14,459	14,459	14,459	14,459	14,459	14,459	14,459	14,459	14,459	14,445	13,170	11,452	9,051	6,456	5,424	3,528	2,314	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Exercise and redemption of warrants
-	-	-	-	-	112	614	751	751	1,059	968	881	1,834	1,532	1,219	1,169	216	98	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
0	571	13,547	13,547	13,547	12,976	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of employee taxes withheld from share-based awards
1,770	1,732	1,535	1,390	1,187	880	10,549	11,500	13,176	14,761	10,118	9,156	7,367	5,897	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock
1,303	2,150	1,703	1,688	4,313	3,585	4,022	4,007	1,344	2,716	65,828	71,332	71,392	70,985	7,345	1,731	2,006	806	807	705	186	77	0	0	0	-	-	-	-	-	-	-	-	28,526	0	0	0	-
Net Increase in Cash and Cash Equivalents of Continuing Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operations:
Net cash used in operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Used in Discontinued Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Provided By Financing Activities
1,771,074	1,516,525	962,933	-52,832	-739,054	-77,564	58,673	144,578	806,068	384,546	869,468	1,129,417	846,583	870,247	1,819,968	1,937,536	1,742,014	1,508,444	996,122	1,927,545	2,058,870	2,602,892	2,588,860	1,777,583	1,498,921	913,032	1,188,991	1,480,222	1,442,337	1,092,377	772,737	442,011	302,308	565,421	352,577	0	0	0
Net Increase (Decrease) in Cash and Cash Equivalents
138,570	150,370	-483,816	-155,931	-97,749	-84,188	446,554	-161,516	38,121	-118,386	-46,108	130,445	-85,348	116	-117,811	-108,792	-71,185	-106,430	52,093	126,055	43,356	137,955	75,653	59,849	109,327	47,052	98,143	83,633	90,316	112,446	104,680	20,344	4,664	-165,154	-185,894	0	0	0
Supplementary Cash Flow Information
Interest paid
185,847	182,596	179,645	172,782	169,554	160,384	145,842	129,754	114,306	101,575	91,512	83,062	75,213	71,216	65,595	59,148	53,781	51,313	49,868	47,798	41,113	37,580	30,729	28,286	25,791	24,157	22,720	21,748	21,825	21,709	56,111	44,902	33,352	22,642	0	0	0	-
Income taxes paid
6,867	7,410	3,685	3,625	1,824	4,794	12,893	22,741	42,108	40,282	47,830	55,427	43,810	57,251	49,541	44,886	51,761	38,734	41,627	36,192	30,523	29,843	20,447	15,279	11,560	9,815	14,484	20,085	17,114	19,366	18,257	10,487	8,221	2,816	0	0	0	-
Non-cash Operating and Investing Activities:
Transfer of loans to other real estate owned
162	291	1,696	1,873	1,742	1,639	901	807	807	750	181	111	383	703	874	1,654	3,628	3,467	3,872	9,549	9,246	14,042	18,112	16,477	18,023	15,003	12,423	10,940	10,010	10,457	24,716	17,519	12,445	8,630	0	0	0	-
Unsettled sales of investment securities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unsettled purchases of investment securities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of loans held for sale to held for investment
-	-	-	-	-	129,691	129,691	129,691	129,691	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
University relationship intangible purchased not settled
-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock under share-based compensation arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-
Securities purchased not settled
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-
Investment securities purchased but not settled
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-