Customers Bancorp, Inc. Financial Ratios — CUBI Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	30.82	57.59	42.85	45.14	45.3	36.76	25.03	17.92	17	26.77	49.99	25.7	21.86	13.02	14.58
Return on Assets (%)	0.39	0.9	0.89	0.79	0.77	0.89	0.82	0.73	0.74	0.89	1.66	1.13	1.19	0.83	0.95
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	2.82	2.05	2.52	2.04	1.79	1.94	3.14	4.5	4.39	4.02	2.89	4.29	4.29	4.88	5.22
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	12.02	36.54	40.46	37.36	39.71	41.01	36.02	28.93	34.81	41.17	58.92	45.99	44.64	32.64	35.99
Profit Margin (%)	8.26	24.12	26.3	24.65	26.28	25.91	22.93	22.78	25.62	28.76	42.02	36	33.76	26.4	27.96
Net Income to Common Margin (%)	8.17	24.12	26.3	24.65	25.17	22.77	18.72	18.19	20.95	25.72	40.46	34.48	31.78	24.21	26.69
Effective Tax Rate (%)	31.27	34	35	32.03	33.8	36.83	36.36	21.26	24.49	24.62	19.7	21.72	24.37	19.12	22.31
Dvd Payout Ratio (%)	- -	- -	- -	- -	-0.32	-0.67	- -	- -	- -	0.03	-0.25	-0.14	-0.03	0.06	0.28
Sustainable Growth Rate (%)	30.82	57.59	42.85	45.14	45.44	37	25.03	17.92	17	26.76	50.12	25.74	21.87	13.01	14.54

Credit (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	333	473	772	1,816	1,820	1,754	1,907	1,481	1,155	1,155	1,105	1,106	1,509	1,410	1,705
ST Debt	320	411	612	1,298	1,365	689	- -	- -	850	850	700	300	- -	100	- -
LT Debt	13	62	160	518	455	1,065	1,907	1,481	305	305	405	806	1,509	1,310	1,705
Total Debt/EBITDA	242.18	233.7	246.64	506.91	455.34	297.36	176.58	104.61	84.86	62.41	50.99	40.71	47.44	42.02	40.8
Net Debt/EBITDA	188.68	141.79	172.16	403.36	389.16	252.47	163.03	100.22	69.24	24.96	27.08	23.92	-73.46	-70.82	-64.73
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	1.25	1.77	2.31	1.4	1.81	2.39	2.95	3.55	3.59	2.56	3.78	4.59	5.61	6.1	6.31
Long-Term Debt/Equity (%)	8.8	23.01	41.45	116.95	82.17	124.4	207.09	154.78	28.95	27.34	29.63	57.42	92.12	71.32	80.61
Long-Term Debt/Capital (%)	3.62	11.7	18.47	27.11	22.44	48.5	78.98	72.34	17.06	16.56	20.41	36.57	53.1	45.02	52.05
Long-Term Debt/Total Assets (%)	0.63	1.94	3.86	7.59	5.42	11.35	19.38	15.06	2.65	1.66	2.07	3.85	7.08	5.87	6.85
Total Debt/Equity (%)	225.38	175.53	199.61	409.85	328.66	204.88	207.09	154.78	109.68	103.43	80.86	78.8	92.12	76.76	80.61
Total Debt/Capital (%)	92.79	89.28	88.96	94.99	89.77	79.87	78.98	72.34	64.64	62.64	55.71	50.2	53.1	48.46	52.05
Total Debt/Total Assets (%)	16.03	14.78	18.58	26.61	21.68	18.69	19.38	15.06	10.02	6.27	5.64	5.29	7.08	6.32	6.85
Net Debt to Equity	175.59	106.5	139.33	326.13	280.89	173.95	191.2	148.28	89.5	41.36	42.95	46.31	-142.64	-129.36	-127.91
Net Debt/Capital (%)	90.93	83.47	84.91	93.79	88.23	77.11	77.63	71.47	59.87	40.14	40.05	37.2	232.72	271.1	238.49
EBITDA	1	2	3	4	4	6	11	14	14	19	22	27	32	34	42
EBITDA-CapEx	-1	-1	-1	2	1	- -	-14	-26	-36	-10	-11	-86	-10	-32	-119
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	1.25	1.77	2.31	1.4	1.81	2.39	2.95	3.55	3.59	2.56	3.78	4.59	5.61	6.1	6.31
Long-Term Debt/Equity (%)	8.8	23.01	41.45	116.95	82.17	124.4	207.09	154.78	28.95	27.34	29.63	57.42	92.12	71.32	80.61
Long-Term Debt/Capital (%)	3.62	11.7	18.47	27.11	22.44	48.5	78.98	72.34	17.06	16.56	20.41	36.57	53.1	45.02	52.05
Long-Term Debt/Total Assets (%)	0.63	1.94	3.86	7.59	5.42	11.35	19.38	15.06	2.65	1.66	2.07	3.85	7.08	5.87	6.85
Total Debt/Equity (%)	225.38	175.53	199.61	409.85	328.66	204.88	207.09	154.78	109.68	103.43	80.86	78.8	92.12	76.76	80.61
Total Debt/Capital (%)	92.79	89.28	88.96	94.99	89.77	79.87	78.98	72.34	64.64	62.64	55.71	50.2	53.1	48.46	52.05
Total Debt/Total Assets (%)	16.03	14.78	18.58	26.61	21.68	18.69	19.38	15.06	10.02	6.27	5.64	5.29	7.08	6.32	6.85
CFO/Total Liabilities	1.55	-42.37	19.17	-8.5	0.85	1.07	0.7	1.1	0.75	0.88	1.49	-0.11	0.63	0.71	2.17
CFO/CapEx	10.99	-457.82	185.42	-427.16	22.65	16.85	2.55	2.41	1.56	5.28	8.23	-0.18	3.02	2.23	3.07
Altman's Z-Score	0.03	0.09	0.13	0.09	0.1	0.13	0.13	0.12	0.12	0.08	0.16	0.12	0.17	0.16	0.18

Working Capital (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	3.38	4.2	6.8	9.76	11.9	13.93	13.56	10.49	8.72	7.78	8.67	5.88	6.22	6.16	7.56
Days Sales Outstanding	107.9	86.84	53.64	37.4	30.68	26.21	26.91	34.78	41.86	46.91	42.08	62.12	58.66	59.23	48.27
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	221	496	519	731	988	797	575	742	573	2,112	925	1,811	1,534	2,369
- Cash & Cash Equivalents	74	186	233	371	265	265	146	62	213	693	518	456	3,846	3,786	4,411
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	56	217	217	217	217	217	138	138	138	138	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	333	473	772	1,816	1,820	1,754	1,907	1,481	1,155	1,155	1,105	1,106	1,509	1,410	1,705
Enterprise Value	180	379	537	1,548	1,782	2,201	2,304	1,546	1,306	42	-980	-1,275	-2,794	-2,724	-2,275
Total Capital	359	530	868	1,912	2,028	2,195	2,415	2,047	1,786	1,844	1,983	2,202	2,842	2,909	3,277
Total Debt/Capital (%)	92.79	89.28	88.96	94.99	89.77	79.87	78.98	72.34	64.64	62.64	55.71	50.2	53.1	48.46	52.05
Total Debt / EV	1.85	1.25	1.44	1.17	1.02	0.8	0.83	0.96	0.88	27.47	-1.13	-0.87	-0.54	-0.52	-0.75
EV/Sales	3.69	3.84	4.32	8.83	7.99	7.25	6.7	4.91	4.22	0.09	- -	- -	- -	- -	- -
EV/EBITDA	131.12	187.3	171.54	431.94	445.69	373.29	213.3	109.19	96	2.27	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	6.03	- -	0.74	- -	26.77	24.08	37.04	15.86	16.69	0.28	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	5.53	- -	0.74	- -	25.64	22.73	26.62	11.2	10.18	0.23	- -	- -	- -	- -	- -
Diluted Market Cap	- -	221	496	543	781	1,075	847	587	753	577	2,203	951	1,853	1,593	2,445
Diluted Enterprise Value	259	508	1,034	1,988	2,392	2,781	2,826	2,223	1,913	1,256	2,927	1,738	-346	-645	-261
EV per Share	15.89	20.54	20.14	58.02	66.38	79.77	75.14	48.96	41.89	1.33	- -	- -	- -	- -	- -
TTM Sales	49	99	124	175	223	304	344	315	310	461	749	633	741	687	801
TTM EBITDA	1	2	3	4	4	6	11	14	14	19	22	27	32	34	42
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	30	-1,242	722	-542	67	91	62	97	78	152	271	-21	125	145	495
TTM Free Cash Flow to Firm	33	-1,239	726	-541	70	97	87	138	128	181	304	93	166	210	656

Multiples (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	-0.18	0.68	-1	11.23	11.1	9.79	4.25	5.87	3.19	7.24	10.28	11.16	7.58	3.73
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	180	379	537	1,548	1,782	2,201	2,304	1,546	1,306	42	-980	-1,275	-2,794	-2,724	-2,275
Low Price	- -	8.43	11.16	17.1	17.85	21.66	24.75	16.72	17.35	8.36	17.77	26.43	6.87	42.31	40.75
EV/Sales	3.69	3.84	4.32	8.83	7.99	7.25	6.7	4.91	4.22	0.09	- -	- -	- -	- -	- -
EV/EBITDA	131.12	187.3	171.54	431.94	445.69	373.29	213.3	109.19	96	2.27	- -	- -	- -	- -	- -
Price/Earnings	- -	9.29	15.16	12.01	13.03	14.29	12.38	10.04	11.45	4.83	6.97	4.23	7.69	9.22	11.07
Price/Earnings Average	- -	8.08	12	11.64	12.04	10.45	14.37	14.58	10.05	3.86	4.18	6.27	4.32	9.57	9.02
Price/Earnings High	- -	11.69	17.15	13.12	15.14	14.67	17.59	17.84	12.36	6.51	7.08	11.38	8.02	12.97	11.86
Price/Earnings Low	- -	6.53	9.09	10.56	8.54	8.64	11.79	9.22	8.34	2.22	1.9	3.95	0.92	8.01	6.17
Price/Book Value	- -	3.89	5.18	5.42	4.81	4.4	2.75	1.65	1.79	1.21	2.85	0.96	1.52	1.13	1.51
Price/Book Value Average	- -	3.39	4.1	5.26	4.44	3.22	3.19	2.39	1.57	0.97	1.71	1.43	0.85	1.17	1.23
Price/Book Value High	- -	4.9	5.85	5.92	5.59	4.52	3.9	2.93	1.94	1.64	2.9	2.59	1.58	1.58	1.61
Price/Book Value Low	- -	2.74	3.1	4.77	3.15	2.66	2.62	1.51	1.31	0.56	0.78	0.9	0.18	0.98	0.84
Price/Tangible Book Value	- -	0.83	1.29	1.18	1.48	1.59	1.16	0.79	0.91	0.64	1.72	0.73	1.21	0.9	1.12
Price/Tangible Book Value Average	- -	0.72	1.02	1.14	1.36	1.16	1.35	1.15	0.8	0.51	1.03	1.08	0.68	0.94	0.91
Price/Tangible Book Value High	- -	1.05	1.46	1.29	1.72	1.63	1.65	1.41	0.98	0.86	1.75	1.97	1.26	1.27	1.2
Price/Tangible Book Value Low	- -	0.59	0.78	1.04	0.97	0.96	1.1	0.73	0.66	0.29	0.47	0.68	0.14	0.79	0.63
Price/Sales	- -	2.24	3.99	2.96	3.28	3.25	2.32	1.83	2.4	1.24	2.82	1.46	2.44	2.23	2.96
Price/Sales Average	- -	1.95	3.16	2.87	3.03	2.38	2.69	2.65	2.11	0.99	1.69	2.16	1.37	2.32	2.41
Price/Sales High	- -	2.82	4.51	3.23	3.81	3.34	3.29	3.24	2.59	1.67	2.86	3.92	2.55	3.14	3.17
Price/Sales Low	- -	1.58	2.39	2.6	2.15	1.97	2.21	1.68	1.75	0.57	0.77	1.36	0.29	1.94	1.65
Price/Cash Flow	- -	-0.18	0.69	-0.96	10.98	10.81	12.81	5.89	9.49	3.77	7.79	-44.41	14.52	10.57	4.79
Price/Cash Flow Average	- -	-0.15	0.54	-0.93	10.14	7.91	14.88	8.56	8.33	3.01	4.67	-65.7	8.16	10.98	3.9
Price/Cash Flow High	- -	-0.22	0.78	-1.05	12.76	11.1	18.21	10.47	10.25	5.08	7.91	-119.3	15.14	14.88	5.13
Price/Cash Flow Low	- -	-0.13	0.41	-0.84	7.2	6.54	12.2	5.42	6.91	1.73	2.12	-41.42	1.73	9.19	2.67
Price/Free Cash Flow Average	- -	-0.16	0.54	-0.97	10.38	8.12	11.37	6.18	5.16	2.55	4.34	15.2	6.27	7.86	3.04
Price/Free Cash Flow High	- -	-0.22	0.77	-1.1	13.05	11.4	13.91	7.56	6.34	4.3	7.35	27.6	11.64	10.66	3.99
Price/Free Cash Flow Low	- -	-0.13	0.41	-0.88	7.37	6.71	9.32	3.91	4.28	1.47	1.97	9.58	1.33	6.58	2.08
EV/Sales Average	5.31	4.85	7.49	11.11	10.26	8	8.44	7.85	5.85	2.47	2.66	3.4	- -	- -	- -
EV/Sales High	5.31	5.72	8.84	11.48	11.04	8.96	9.05	8.44	6.34	3.15	3.83	5.17	- -	- -	- -
EV/Sales Low	5.31	4.48	6.72	10.84	9.38	7.58	7.96	6.88	5.49	2.05	1.73	2.6	- -	- -	- -
EV/EBITDA Average	188.68	236.82	297.53	543.8	571.91	411.94	268.83	174.54	133.15	61.43	91.89	79.38	-37.15	-19.25	-18.58
EV/EBITDA High	188.68	279.35	351.3	561.6	615.44	461.42	287.99	187.7	144.16	78.38	132.4	120.48	-9.75	-2.39	-4.03
EV/EBITDA Low	188.68	218.67	267.17	530.67	522.91	390.71	253.42	152.86	124.98	50.93	59.94	60.76	-62.34	-26.97	-33.15
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	11.98	18.6	19.46	27.22	35.82	25.99	18.2	23.81	18.18	65.37	28.34	57.62	48.68	73.12
High Price	- -	15.08	21.04	21.25	31.63	36.77	36.93	32.34	25.72	24.49	66.36	76.13	60.09	68.49	78.33
Enterprise Value Average	259	479	931	1,948	2,287	2,429	2,904	2,471	1,812	1,137	1,991	2,156	-1,182	-646	-777
Enterprise Value High	259	565	1,099	2,012	2,461	2,721	3,111	2,657	1,962	1,451	2,869	3,272	-310	-80	-169
Enterprise Value Low	259	443	836	1,901	2,091	2,304	2,737	2,164	1,701	943	1,299	1,650	-1,983	-905	-1,386

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	11	18	27	27	27	30	31	31	31	32	33	32	31	31	34
Diluted Weighted Avg Shares	11	18	27	28	29	30	33	32	32	32	34	34	32	33	33
Basic Weighted Avg Shares	11	18	27	27	27	28	31	32	31	32	32	33	31	32	32
Revenue per Share	4.3	5.35	4.67	6.57	8.3	11.01	11.22	9.97	9.93	14.63	23.17	19.41	23.57	21.82	24.74
EBITDA per Share	0.12	0.11	0.12	0.13	0.15	0.21	0.35	0.45	0.44	0.59	0.67	0.83	1.01	1.06	1.29
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.35	1.29	1.23	1.62	2.09	2.51	2.1	1.81	2.08	3.76	9.38	6.69	7.49	5.28	6.6
Basic EPS from Cont Ops	0.36	1.29	1.23	1.67	2.18	2.85	2.57	2.27	2.61	4.54	10.96	6.99	7.96	5.76	6.92
Diluted EPS, GAAP	0.35	1.29	1.23	1.55	1.96	2.31	1.97	1.78	2.05	3.74	8.99	6.51	7.32	5.09	6.4
Diluted EPS from Cont Ops	0.36	1.29	1.23	1.6	2.04	2.62	2.42	2.22	2.57	4.51	10.51	6.8	7.78	5.55	6.7
Dividend per Share	- -	- -	- -	- -	0.09	0.33	0.47	0.46	0.46	0.45	0.34	0.29	0.47	0.48	0.33
Cash Flow per Share	2.64	-67.29	27.1	-20.34	2.48	3.31	2.03	3.09	2.51	4.83	8.39	-0.64	3.97	4.6	15.27
Free Cash Flow per Basic Share	2.4	-67.43	26.95	-20.38	2.37	3.12	1.23	1.81	0.9	3.91	7.37	-4.11	2.65	2.53	10.3
Cash & Equivalents per Share	13.46	17.07	27.42	29.53	30.73	27.47	20.15	23.03	25.92	60.42	134.17	105.52	198.88	184.25	196
Book Value per Share	2.28	3.08	3.59	3.59	5.66	8.14	9.46	11.05	13.28	14.97	22.92	29.39	38.02	43.22	48.51
Tangible Book Value per Share	12.69	14.4	14.37	16.48	18.43	22.5	22.41	22.9	26.3	28.43	37.9	38.66	47.62	53.8	65.19

Customers Bancorp, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)