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Customers Bancorp (CUBI)

(Delayed Data from NYSE)

$46.82 USD

46.82
1,628,469

-2.71 (-5.47%)

Updated Apr 26, 2024 04:00 PM ET

After-Market: $46.90 +0.08 (0.17%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

D Value F Growth C Momentum F VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 36% (91 out of 252)

Industry: Banks - Southeast

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Better trading starts here.

Balance Sheet

Research for CUBI

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

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Fiscal Year End for Customers Bancorp, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 3,846 456 518 693 213
Receivables 12,841 15,459 14,507 15,689 9,546
Notes Receivable 0 0 0 0 0
Inventories 340 328 16 79 486
Other Current Assets 0 0 0 0 0
Total Current Assets 17,028 16,243 15,041 16,462 10,245
Net Property & Equipment 7 9 9 12 9
Investments & Advances 3,618 3,902 3,882 1,282 680
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 4 4 4 14 15
Deposits & Other Assets 659 739 639 670 571
Total Assets 21,316 20,896 19,575 18,439 11,521
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 124 124 298 374 662
Accounts Payable 17,920 18,157 16,778 11,310 8,649
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 248 231 251 192 126
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 18,292 18,511 17,327 11,876 9,437
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,385 982 882 1,031 1,031
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 4,415 0
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 19,678 19,493 18,209 17,322 10,468
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 138 138 138 217 217
Common Stock (Par) 35 35 35 33 33
Capital Surplus 565 552 542 456 444
Retained Earnings 1,160 924 706 439 382
Other Equity -137 -163 -5 -6 -1
Treasury Stock 122 83 49 22 22
Total Shareholder's Equity 1,638 1,403 1,366 1,117 1,053
Total Liabilities & Shareholder's Equity 21,316 20,896 19,575 18,439 11,521
Total Common Equity 1,501 1,265 1,228 900 835
Shares Outstanding 31.20 32.50 32.40 31.60 31.30
Book Value Per Share 48.10 38.93 37.91 28.47 26.69

Fiscal Year End for Customers Bancorp, Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 3,846 3,420 3,155 2,047
Receivables NA 12,841 13,548 13,813 14,632
Notes Receivable NA 0 0 0 0
Inventories NA 340 150 78 424
Other Current Assets NA 0 0 0 0
Total Current Assets NA 17,028 17,118 17,046 17,103
Net Property & Equipment NA 7 8 8 9
Investments & Advances NA 3,618 4,078 4,209 3,922
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 4 4 4 4
Deposits & Other Assets NA 659 650 761 714
Total Assets NA 21,316 21,857 22,029 21,752
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 124 124 124 124
Accounts Payable NA 17,920 18,195 17,950 17,724
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 248 264 270 249
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA 18,292 18,584 18,344 18,096
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 1,385 1,712 2,228 2,234
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 0 0 0
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 19,678 20,296 20,572 20,331
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 138 138 138 138
Common Stock (Par) NA 35 35 35 35
Capital Surplus NA 565 559 556 552
Retained Earnings NA 1,160 1,101 1,018 974
Other Equity NA -137 -150 -168 -156
Treasury Stock NA 122 122 122 122
Total Shareholder's Equity NA 1,638 1,562 1,457 1,421
Total Liabilities & Shareholder's Equity NA 21,316 21,857 22,029 21,752
Total Common Equity 0 1,501 1,424 1,319 1,283
Shares Outstanding 31.40 31.20 31.00 31.20 31.20
Book Value Per Share 0.00 48.10 45.93 42.27 41.13