Customers Bancorp (Customers Bancorp) Accounts Payable & Accrued Expense : $248.36 Mil (As of Dec. 2023)

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What is Customers Bancorp Accounts Payable & Accrued Expense?

Customers Bancorp's quarterly accounts payable & accrued expense declined from Jun. 2023 ($269.54 Mil) to Sep. 2023 ($264.41 Mil) and declined from Sep. 2023 ($264.41 Mil) to Dec. 2023 ($248.36 Mil).

Customers Bancorp's annual accounts payable & accrued expense declined from Dec. 2021 ($251.13 Mil) to Dec. 2022 ($230.67 Mil) but then increased from Dec. 2022 ($230.67 Mil) to Dec. 2023 ($248.36 Mil).

Customers Bancorp Accounts Payable & Accrued Expense Historical Data

The historical data trend for Customers Bancorp's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Customers Bancorp Accounts Payable & Accrued Expense Chart

Customers Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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126.24

152.08

251.13

230.67

248.36

Customers Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															249.17	269.54	264.41	248.36	-

Customers Bancorp Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Customers Bancorp (Customers Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Customers Bancorp Inc (NYSE:CUBIpD.PFD) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

CUBIpF.PFD:USA CUBIpE.PFD:USA CUBI:USA

Address

701 Reading Avenue, West Reading, PA, USA, 19611

Website

https://www.customersbank.com

Customers Bancorp Inc is a bank holding company engaged in banking activities. It provides financial products and services to small and middle-market businesses, not-for-profits, and consumers. The company operates in Lending Activities, Commercial Lending, Consumer Lending, Private Banking, Deposit Products, Other Funding Sources, and Financial Products and Services. The majority of revenue is derived from commercial lending.