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Customers Bancorp CUBI Q3 2024 earnings

Reported October 31, 2024 · After market close

Revenue$163.3MMiss by $28.3M
EPS$1.34Miss by $0.09
Revenue estimate$191.6M
EPS estimate$1.43

Next report

Oct 22, 2026 (in 3 months)
Revenue estimate$238.5M
EPS estimate$2.13

Financials

Q3 2024

Income statement

See full
Revenue$167.1M-23.2%
Net income$46.7M-46.1%
EPS (diluted)$1.31-49.2%

Balance sheet

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Cash & equivalents$3.1B-9.7%
Total debt$1.2B-25.4%
Total equity$1.8B+15.3%
Total assets$21.5B-1.8%

Cash flow

See full
Operating cash flow$24.4M-82.1%
CapEx$256.0K-30.2%
Free cash flow$24.1M-82.2%

Valuation & ratios

Valuation

as of 09/30/24
See full
Market cap$1.47B+36.4%
Enterprise value-$462.67M+41.7%
P/E6.8×+1.8×
P/S+0.5×

Profitability

See full
Net margin29.3%-1.2pp

Returns & leverage

See full
Return on equity12.9%-1.8pp
Debt / equity0.6×-0.4×

Versus estimates

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Questions, answered.

When did Customers Bancorp report Q3 2024 earnings?
Customers Bancorp (CUBI) reported Q3 2024 earnings on October 31, 2024 after market close.
What were Customers Bancorp's Q3 2024 revenue and EPS?
Customers Bancorp reported revenue of $163.3M and eps of $1.34 for Q3 2024.
Did Customers Bancorp beat estimates in Q3 2024?
Revenue missed the consensus estimate of $191.6M by $28.3M. EPS missed the consensus estimate of $1.43 by $0.09.
Where can I find Customers Bancorp's Q3 2024 SEC filings?
You can read the 10-Q periodic report (0001488813-24-000097) directly on SEC EDGAR. The filing index links above go to sec.gov.