In This Article:
WEST READING, Pa. (AP) — WEST READING, Pa. (AP) — Customers Bancorp Inc. (CUBI) on Thursday reported second-quarter earnings of $58.1 million.
The West Reading, Pennsylvania-based bank said it had earnings of $1.66 per share. Earnings, adjusted for non-recurring gains, were $1.49 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share.
The bank holding company posted revenue of $365.1 million in the period. Its revenue net of interest expense was $198.7 million, also topping Street forecasts. Five analysts surveyed by Zacks expected $185.3 million.
_____
This story was generated by Automated Insights (https://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CUBI at https://www.zacks.com/ap/CUBI