What we believe in: Customers Bank is committed to providing our customers with the best possible banking experience as one of the safest, securest, and most customer focused community banks in the region. Our success in large part is due to our philosophy that touches every area of our organization: putting the needs of our customers first. Our way of banking: Our customers experience an entirely new way of banking, which features an unrivaled level of convenience by combining “high tech” and “high touch” customized service. Each banker consistently does five things for his customers: protects their money, makes them more money, saves them time, saves them money, and lends them money. We take the bank to you: Additionally, our customers experience the convenience of concierge banking – face-to-face banking – by appointment, at a convenient location or our office, 12 hours a day, seven days a week. No nuisance fees and superior technology: In late spring, our customers will have access to the latest online and mobile banking tools including text messaging, automatic refunds of foreign ATM surcharges* and state-of- the-art cash management tools – powered by Intuit® (makers of Quicken®, QuickBooks®, and TurboTax®). This fall, our customers will be able to deposit checks remotely from their smart phones, home offices, or at one of our check-scanning ATMs.

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Type
Public
HQ
Wyomissing, US
Founded
1997
Size (employees)
739 (est)
Customers Bank was founded in 1997 and is headquartered in Wyomissing, US
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Customers Bank Office Locations

Customers Bank has an office in Wyomissing
Wyomissing, US (HQ)
103 1015 Penn Ave
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Customers Bank Financials and Metrics

Customers Bank Financials

Customers Bank's revenue was reported to be $345.70 m in FY, 2016 which is a 24.6% increase from the previous period.
USD

Revenue (Q1, 2018)

117.9 m

Gross profit (Q1, 2018)

85.9 m

Gross profit margin (Q1, 2018), %

72.9%

Net income (Q1, 2018)

24.1 m

EBIT (Q1, 2018)

62.9 m

Market capitalization (14-Jun-2018)

952.8 m

Closing share price (14-Jun-2018)

30.3

Cash (31-Mar-2018)

215.4 m

EV

3 b
Customers Bank's current market capitalization is $952.8 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

127.5 m215.6 m277.4 m345.7 m

Revenue growth, %

69%29%25%

Cost of goods sold

53.6 m73 m

Gross profit

223.9 m272.7 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

78.9 m89.6 m111.7 m88.5 m100.8 m117.9 m

Cost of goods sold

13.1 m13.8 m15.8 m18.2 m19.6 m20.7 m25.2 m31.9 m

Gross profit

63.1 m71.4 m92.1 m67.9 m75.6 m85.9 m

Gross profit Margin, %

80%80%82%77%75%73%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

233.1 m371 m264.6 m244.7 m

Accounts Receivable

8.4 m15.2 m19.9 m9.6 k

Total Assets

4.2 b6.8 b8.4 b9.4 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q1, 2018

Cash

255.7 m290.5 m265.5 m331.3 m333.8 m391.6 m383.4 m262.6 m215.4 m

Total Assets

3.9 b5 b5.6 b6.5 b7.1 b7.6 b7.6 b9 b10.8 b

Accounts Payable

3.2 b3.6 b3.7 b4.3 b4.9 b5.5 b5.8 b6.5 b7 b

Long-term debt

905 m1.3 b1.6 b1.5 b1.4 b985.9 m1.6 b2.3 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

32.7 m43.2 m58.6 m78.7 m

Cash From Operating Activities

722 m(542.5 m)(356.6 m)(27.4 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

23.7 m8.1 m18.4 m30 m14 m25.5 m40.8 m17.7 m37.1 m58.3 m25.7 m24.1 m

Depreciation and Amortization

3.3 m

Cash From Operating Activities

588 m79.3 m(286.1 m)(445.6 m)(324.4 m)(582.9 m)(300.3 m)(178.5 m)(491.5 m)(528.7 m)(1.6 m)(16.1 m)(48.1 m)

Cash From Investing Activities

(1.2 b)(853.8 m)(1.1 b)(1.8 b)(686 k)(167.4 m)(412.9 m)(434.6 m)(663.2 m)(507.4 m)9.4 m9.9 m(802.1 m)
USDY, 2018

EV/EBIT

47.5 x

EV/CFO

-62.2 x

Financial Leverage

11.7 x
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Customers Bank Operating Metrics

Customers Bank's Total Loans was reported to be $6.7b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

14 14 14 14 14 14 14 14 14 14 14

Non-performing Loans

$11.73 m$11.80 m$10.56 m$17.78 m$10.77 m$16.11 m$14.63 m$13.40 m$17.79 m$27.16 m$19.17 m

Total Loans

$4.31 b$4.34 b$4.52 b$4.77 b$5.45 b$5.91 b$6.11 b$6.02 b$6.14 b$6.60 b$6.72 b
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Customers Bank Online and Social Media Presence

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