U.S. Markets open in 1 hr 21 mins

Customers Bancorp posts 1Q profit

WYOMISSING, Pa. (AP) _ Customers Bancorp Inc. (CUBI) on Wednesday reported first-quarter earnings of $25.7 million.

The Wyomissing, Pennsylvania-based bank said it had earnings of 67 cents per share. Earnings, adjusted to account for discontinued operations, came to 71 cents per share.

The bank holding company posted revenue of $88.5 million in the period. Its adjusted revenue was $67.9 million.

Customers Bancorp shares have decreased 14 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $30.70, a rise of 19 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CUBI at https://www.zacks.com/ap/CUBI


Keywords: Customers Bancorp, Earnings Report