Customers bancorp, inc. (CUBI)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Interest income:
Loans and leases

454,455

431,491

409,375

388,746

380,419

373,234

370,215

361,140

350,460

339,936

363,732

335,354

309,807

302,818

275,495

261,424

245,212

233,833

175,358

168,707

161,126

146,388

128,137

110,860

94,836

82,580

72,316

75,321

72,006

70,510

66,292

52,204

46,499

41,398

40,162

0

0

0

-

Loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

0

-

63,397

58,666

54,759

-

48,928

43,425

36,618

30,801

26,905

27,897

32,339

38,140

43,374

35,501

25,813

15,950

0

0

0

-

-

-

-

-

-

Investment securities

22,449

23,713

24,866

27,494

30,778

33,209

31,068

29,880

27,938

25,153

24,435

20,656

16,471

14,293

14,381

13,136

11,751

10,405

9,341

9,419

9,709

10,386

10,924

9,986

8,525

6,314

4,129

3,511

4,648

6,731

9,744

12,912

15,044

14,149

10,456

0

0

0

-

Loans receivable, non-taxable, including fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

0

0

-

0

0

0

-

-

Investment securities, non-taxable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

0

0

-

88

0

0

0

-

Other

11,103

8,535

8,805

10,133

10,865

11,508

10,984

9,487

8,322

7,761

6,999

6,346

6,117

5,428

4,923

4,494

4,361

5,612

5,673

5,311

4,818

2,852

2,432

1,786

1,410

1,122

892

835

666

623

226

202

208

419

543

0

0

0

-

Total interest income

488,007

463,739

443,046

426,373

422,062

417,951

412,267

400,507

386,720

372,850

358,840

344,767

332,235

322,539

306,643

286,167

264,530

249,850

239,300

226,862

212,271

190,427

168,276

150,529

137,110

128,156

120,660

115,071

103,098

93,814

85,699

73,096

68,042

61,245

51,310

35,951

0

0

0

Interest expense:
Deposits

144,592

141,464

139,501

134,038

122,240

110,808

95,429

81,006

73,052

67,582

62,845

57,473

52,383

48,268

43,644

39,657

36,664

33,982

31,826

28,983

26,565

24,454

22,599

21,890

21,299

21,020

21,130

20,851

21,139

21,076

20,889

21,262

21,484

21,861

19,771

0

0

0

-

FHLB advances

26,616

26,519

24,125

25,687

29,256

31,043

33,079

30,986

25,150

21,130

17,754

14,013

12,389

11,597

10,974

9,239

7,322

6,743

6,890

7,045

6,387

5,194

2,931

2,261

1,450

1,192

1,782

935

711

606

575

476

491

447

0

0

0

-

-

Subordinated debt

7,988

6,983

6,737

6,737

6,737

6,737

6,736

6,737

6,738

6,739

6,739

6,739

6,739

6,739

6,739

6,739

6,739

6,739

6,743

6,758

5,183

3,514

1,842

159

0

-

0

0

-

69

0

0

0

-

0

0

0

-

-

Federal funds purchased and other borrowings

9,484

11,463

11,442

10,404

11,679

11,486

12,369

13,106

11,824

10,056

8,339

6,813

6,440

6,438

6,441

6,338

6,214

6,096

6,032

5,987

5,675

5,342

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

Federal funds purchased

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

10

5

4

2

17

0

0

0

-

Securities sold under repurchase agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-

Total interest expense

188,680

186,429

181,805

176,866

169,912

160,074

147,613

131,835

116,764

105,507

95,677

85,038

77,951

73,042

67,798

61,973

56,939

53,560

51,491

48,773

43,810

38,504

33,130

28,593

25,988

24,301

23,079

21,939

21,930

21,761

21,604

21,893

22,135

22,464

20,261

14,565

0

0

0

Net interest income

299,327

277,310

261,241

249,507

252,150

257,877

264,654

268,672

269,956

267,343

263,163

259,729

254,284

249,497

238,845

224,194

207,591

196,290

187,809

178,089

168,461

151,923

135,146

121,936

111,122

103,855

97,581

93,132

81,168

72,053

64,095

51,203

45,907

38,781

31,049

21,386

0

0

0

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

16,851

19,792

13,343

14,747

11,776

7,491

6,721

2,236

2,365

11,731

12,353

14,270

15,599

6,383

6,495

7,495

10,625

9,725

0

0

0

Net interest income after provision for credit losses on loans and leases

248,081

253,083

245,317

235,085

243,858

252,235

259,566

264,156

264,121

260,575

257,039

255,869

250,173

246,456

229,818

213,161

188,009

175,724

170,958

158,297

155,118

137,176

123,370

114,445

104,401

101,619

95,216

81,401

68,815

57,783

48,496

44,820

39,412

31,286

20,424

11,661

0

0

0

Non-interest income:
Non-interest income

45,924

46,720

45,668

42,995

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commercial lease income

13,918

12,051

10,193

8,532

6,893

5,354

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bank-owned life insurance

7,218

7,272

7,327

7,372

7,405

7,620

7,691

7,494

7,883

7,219

6,404

6,118

4,980

4,736

7,228

7,019

7,068

7,006

4,462

4,261

3,928

3,702

3,471

3,110

2,841

2,482

2,043

1,787

1,543

1,332

1,223

1,128

1,068

1,404

1,187

0

0

0

-

Loan fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

Mortgage warehouse transactional fees

7,766

7,128

6,640

6,299

6,585

7,158

7,868

8,455

9,011

9,345

9,985

10,669

11,220

11,547

11,232

10,944

10,669

10,394

9,969

9,331

8,747

8,233

8,464

9,400

11,053

12,962

14,086

14,342

13,858

12,289

10,656

8,676

6,569

5,581

4,534

0

0

0

-

Gain (loss) on sale of SBA and other loans

2,811

2,800

-100

1,000

1,900

3,300

4,555

4,599

4,272

4,200

4,595

4,657

4,369

3,685

2,993

2,918

3,460

4,047

5,047

4,611

4,356

3,125

1,261

924

0

-

0

0

-

357

519

590

251

329

78

0

0

0

-

Bargain purchase gains on bank acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Accretion of FDIC loss sharing receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

0

0

-

1,858

0

0

0

-

Loss on sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

Gains on sales of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Mortgage banking income

195

66

773

697

652

606

705

755

841

875

935

965

959

969

873

753

755

741

478

523

1,790

2,048

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

Loss upon acquisition of interest-only GNMA securities

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) on sale of investment securities

0

-

0

-

0

-

0

-

-

-

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

-

-

Unrealized gain (loss) on investment securities

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net

-

-

-

-

-

-

-

-

-

-

20,196

11,847

8,965

7,262

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interchange and card revenue

-

-

-

-

-

-

-

-

-

-

-

-

0

-

11,979

564

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposit fees

-

-

-

-

-

-

-

-

-

-

-

-

0

-

5,003

1,050

1,019

944

874

801

766

801

806

812

759

675

611

537

495

481

481

471

448

436

578

0

0

0

-

Gain on sale of repossessed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

Gain on sale of bank premises and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

Other

12,844

15,071

14,415

17,721

16,848

16,740

12,869

9,704

9,334

9,187

10,885

13,320

12,307

9,922

8,524

3,288

3,638

4,113

2,563

2,909

3,071

3,494

4,433

4,518

3,953

3,316

2,273

6,038

5,718

5,482

5,796

1,158

1,022

988

698

0

0

0

-

Total non-interest income

83,150

80,938

75,000

53,715

57,806

58,998

58,860

74,802

77,066

78,910

76,935

86,395

73,857

56,370

48,026

26,711

27,251

27,717

24,100

23,031

23,549

25,126

26,723

26,476

25,115

22,703

17,514

22,436

30,124

28,958

29,096

22,561

11,965

11,469

50,780

47,538

0

0

0

Non-interest expense:
Salaries and employee benefits

110,119

107,632

106,642

104,911

105,739

104,841

104,083

103,428

99,331

95,518

94,732

92,606

85,356

80,641

70,875

63,175

61,222

58,777

56,452

53,541

50,684

46,083

43,637

40,530

37,447

35,493

31,642

28,657

25,747

23,846

21,834

19,608

17,983

16,602

19,392

0

0

0

-

Technology, communication and bank operations

44,578

43,481

44,642

47,544

46,464

44,454

45,580

48,324

45,912

45,885

42,708

40,832

34,370

26,839

20,163

10,060

10,450

10,596

10,095

9,970

9,437

8,466

9,746

8,570

7,326

6,607

3,791

3,369

2,999

2,805

2,523

2,309

2,131

1,797

2,360

0

0

0

-

Professional services

28,206

25,109

24,314

20,709

18,802

20,237

21,471

24,131

26,547

28,051

29,749

29,352

25,875

20,684

15,741

11,408

11,450

11,042

8,762

7,760

6,849

7,218

8,233

7,753

7,124

5,548

4,143

3,771

3,288

3,468

3,634

4,049

4,584

5,124

4,759

0

0

0

-

Occupancy

13,227

13,098

12,561

11,801

11,878

11,809

11,809

11,765

11,281

11,161

11,504

11,097

10,803

10,327

9,250

8,969

8,805

8,668

7,865

7,815

7,527

8,063

6,910

7,080

7,279

6,552

8,187

7,607

7,346

6,816

6,212

5,525

4,680

4,286

3,613

0

0

0

-

Commercial lease depreciation

10,977

9,473

8,184

6,828

5,496

4,388

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FDIC assessments, non-income taxes, and regulatory fees

6,740

5,861

5,260

8,452

8,430

8,642

8,040

8,100

8,381

7,906

8,857

9,108

10,981

13,097

14,089

14,585

11,291

10,728

10,082

10,180

12,263

11,116

10,587

8,372

6,352

5,568

4,342

3,906

3,715

3,037

2,944

2,648

2,212

2,366

2,090

0

0

0

-

Provision for operating losses

8,771

9,638

9,909

7,082

5,869

5,616

5,464

5,802

6,315

6,435

6,307

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advertising and promotion

4,876

4,044

4,062

3,906

2,865

2,446

1,891

1,475

1,534

1,470

1,730

1,917

1,733

1,549

1,296

1,035

1,270

1,475

1,183

1,114

1,113

1,180

1,404

1,593

1,573

1,274

1,346

1,166

1,059

1,219

1,201

1,137

1,041

994

878

0

0

0

-

Loan workout and other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

Impairment and losses on other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

Merger and acquisition related expenses

150

100

471

3,416

4,285

4,391

4,330

1,385

516

410

144

0

0

-

0

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

531

530

0

0

0

-

Loan workout

1,733

1,687

1,818

1,839

1,844

2,183

2,345

2,744

2,504

2,366

2,410

2,087

2,166

2,063

2,083

1,776

1,276

1,127

941

1,044

1,534

1,706

1,877

2,417

2,012

2,245

2,398

2,087

2,558

2,243

1,889

0

0

-

0

-

-

-

-

Other real estate owned

-349

-398

-516

-474

-546

-449

-1,204

-693

-475

-570

841

1,588

1,611

1,953

2,152

2,682

1,919

2,516

3,783

2,664

4,134

3,601

2,247

2,045

1,680

1,365

338

-339

-155

-85

641

0

0

-

0

-

-

0

-

Loss contingency

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,000

2,000

2,000

2,000

0

0

0

0

-

-

-

-

-

-

Stock offering expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

0

-

-

0

0

-

-

-

Other

14,650

11,380

11,904

10,833

9,745

10,723

9,364

11,883

14,197

15,312

18,282

17,363

16,473

16,366

14,349

11,947

11,529

9,877

10,004

9,451

9,543

9,355

8,714

8,663

7,920

7,372

6,979

6,504

6,510

5,865

5,235

4,467

3,138

2,948

2,165

0

0

0

-

Total non-interest expense

244,376

231,901

230,203

227,715

221,883

220,179

217,921

221,857

218,520

215,606

218,876

214,054

195,726

178,231

151,688

125,777

119,352

114,946

109,167

103,539

103,084

96,788

93,355

87,023

78,713

74,024

65,166

58,825

56,504

50,651

47,834

44,558

38,422

36,886

37,801

29,071

0

0

0

Income before income tax expense

86,855

102,120

90,114

61,085

79,781

91,054

100,505

117,101

122,667

123,879

115,098

128,210

128,304

124,595

126,156

114,095

95,908

88,495

85,891

77,789

75,583

65,514

56,738

53,898

50,803

50,298

47,564

45,012

42,435

36,090

29,758

22,823

12,955

5,869

33,403

30,128

0

0

0

Income tax expense

19,868

22,793

20,451

12,459

16,788

19,359

25,057

39,928

45,435

45,042

41,462

41,121

43,163

45,893

46,081

39,938

31,969

29,912

30,593

26,118

25,235

20,982

17,696

18,250

17,162

17,604

16,315

15,395

14,540

12,272

10,286

7,642

4,133

1,835

4,755

3,825

0

0

0

Net income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations before income tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax benefit from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

66,987

79,327

69,663

48,626

62,993

71,695

75,448

77,173

77,232

78,837

77,051

90,504

86,265

78,702

76,660

70,742

62,815

58,583

53,980

50,353

49,030

43,214

39,042

35,648

33,641

32,694

31,249

29,617

27,895

23,818

19,472

15,181

8,822

4,034

28,648

26,303

0

0

0

Preferred stock dividends

14,459

14,459

14,459

14,459

14,459

14,459

14,459

14,459

14,459

14,459

14,460

13,397

11,844

9,515

6,906

5,334

3,779

2,493

1,487

507

0

-

0

0

-

-

-

-

-

-

-

-

-

-

0

-

-

0

-

Net income (loss) available to common shareholders

52,528

64,868

55,204

34,167

48,534

57,236

60,989

62,714

62,773

64,378

62,591

77,107

74,421

69,187

69,754

65,408

59,036

56,090

50,972

46,896

0

-

0

0

-

-

-

-

-

-

-

-

-

-

0

-

-

0

-

Basic earnings per common share from continuing operations (usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.73

0.67

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic earnings (loss) per common share (usd per share)

-0.02

0.77

0.75

0.18

0.38

0.44

0.08

0.64

0.65

0.58

0.13

0.66

0.73

0.56

0.68

0.64

0.63

0.63

0.53

0.41

0.52

0.50

0.44

0.38

0.30

0.26

0.34

0.35

0.39

0.24

0.53

0.57

0.27

0.33

0.24

0.01

-0.18

3.86

0.00

Diluted earnings per common share from continuing operations (usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.67

0.62

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted earnings (loss) per common share (usd per share)

-0.02

0.75

0.74

0.18

0.38

0.45

0.07

0.62

0.64

0.55

0.13

0.62

0.67

0.51

0.63

0.59

0.58

0.58

0.50

0.39

0.49

0.47

0.42

0.37

0.29

0.25

0.33

0.34

0.38

0.23

0.51

0.56

0.27

0.33

0.23

0.01

-0.18

3.81

0.00

Interchange and card revenue
Non-interest income

26,944

28,941

30,003

30,218

29,840

30,695

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposit fees
Non-interest income

14,066

12,815

11,297

9,657

7,941

7,824

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-