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Customers Bancorp: 2Q Earnings Snapshot

July 24, 2019

WYOMISSING, Pa. (AP) _ Customers Bancorp Inc. (CUBI) on Wednesday reported second-quarter net income of $9.3 million.

The Wyomissing, Pennsylvania-based bank said it had earnings of 18 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and severance costs, were 38 cents per share.

The bank holding company posted revenue of $124 million in the period. Its revenue net of interest expense was $76.7 million, which fell short of Street forecasts.

Customers Bancorp shares have climbed 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $20.63, a decline of 28% in the last 12 months.

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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

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