Customers Bancorp: Q2 Earnings Snapshot
WEST READING, Pa. (AP) — WEST READING, Pa. (AP) — Customers Bancorp Inc. (CUBI) on Thursday reported second-quarter profit of $47.6 million.
The bank, based in West Reading, Pennsylvania, said it had earnings of $1.39 per share. Earnings, adjusted for non-recurring costs, came to $1.65 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.
The bank holding company posted revenue of $346.2 million in the period. Its revenue net of interest expense was $181.3 million, which also topped Street forecasts.
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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
