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Customers Bancorp, Inc.$19.87($.14)(.70%)

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Income Statement for Customers Bancorp, Inc.
(Amounts are in millions) 12/2017 12/2016 12/2015
Press Release Press Release Press Release
Net Sales or Revenues $451.76 $345.70 $277.57
Cost of Goods Sold $67.58 $48.25 $33.98
Gross Profit $384.18 $297.46 $243.59
       
Research & Development Expense $0.00 $0.00 $0.00
Selling, General, & Admin. Expense $221.96 $133.56 $135.51
Income Before Depreciation $162.21 $163.89 $108.07
       
Depreciation, Depletion, Amortization $0.00 $0.00 $0.00
Non-Operating Income $0.41 $0.00 $0.00
Interest Expense $37.93 $24.77 $19.58
Pretax Income $123.88 $139.12 $88.50
       
Provision for Income Taxes $45.04 $51.41 $29.91
Minority Interest $0.00 $0.00 $0.00
Investment Gains (Losses) $0.00 $0.00 $0.00
Other Income $0.00 $0.00 $0.00
Income Before Extraordinaries $78.84 $87.71 $58.58
       
Extraordinary Items & Disc. Operations $0.00 ($9.01) $0.00
Net Income $78.84 $78.70 $58.58
       
Basic Earnings Per Share $2.10 $2.51 $2.09
Diluted Earnings Per Share $1.97 $2.31 $1.96
       
Weighted Average Basic Shares Outstanding 30.66 27.60 26.85
Weighted Average Diluted Shares Outstanding 32.60 30.01 28.69
       
Income Before Non-Recurring Items $86.17 $92.33 $58.58
Income From Non-Recurring Items ($7.34) ($4.63) $0.00
Diluted Earnings Per Share before extras $2.20 $2.76 $1.96
       
Dividend (preferred) $14.45 $9.43 $2.47
Dividend (common) $0.00 $0.00 $0.00
Dividend Per Share (common) $0.00 $0.00 $0.00




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