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Customers Bancorp (LTS:0I5Z) Scaled Net Operating Assets : -0.11 (As of Sep. 2024)


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What is Customers Bancorp Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Customers Bancorp's operating assets for the quarter that ended in Sep. 2024 was $15,956.0 Mil. Customers Bancorp's operating liabilities for the quarter that ended in Sep. 2024 was $18,256.2 Mil. Customers Bancorp's Total Assets for the quarter that ended in Jun. 2024 was $20,943.0 Mil. Therefore, Customers Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was -0.11.

Customers Bancorp Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Customers Bancorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(17469.919-18168.594)/20896.112
=-0.03

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=21316.265 - 3846.346
=17469.919

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=19677.871 - 1506.07 - 3.207
=18168.594

Customers Bancorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2024 )
=(Operating Assets (Q: Sep. 2024 )-Operating Liabilities (Q: Sep. 2024 ))/Total Assets (Q: Jun. 2024 )
=(15955.991-18256.201)/20942.975
=-0.11

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=21456.082 - 5500.091
=15955.991

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=19654.902 - 1398.701 - 0
=18256.201

* 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 Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Customers Bancorp Inc (LTS:0I5Z) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
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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.