Customers Bancorp Inc. (CUBI) on Thursday reported fourth-quarter earnings of $74.5 million.
WEST READING, Pa.(AP) — WEST READING, Pa. (AP) — Customers Bancorp Inc. (CUBI) on Thursday reported fourth-quarter earnings of $74.5 million.
The bank, based in West Reading, Pennsylvania, said it had earnings of $1.98 per share. Earnings, adjusted for non-recurring costs, were $2.06 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.04 per share.
The bank holding company posted revenue of $387.7 million in the period. Its revenue net of interest expense was $236.9 million, which also beat Street forecasts. Three analysts surveyed by Zacks expected $229.8 million.
For the year, the company reported profit of $224.1 million, or $6.26 per share. Revenue was reported as $871.3 million.
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
Copyright 2025 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Â Â Â