WEST READING, Pa. (AP) — WEST READING, Pa. (AP) — Customers Bancorp Inc. (CUBI) on Thursday reported fourth-quarter earnings of $62.1 million.
The West Reading, Pennsylvania-based bank said it had earnings of $1.79 per share. Earnings, adjusted for one-time items, came to $1.90 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.
The bank holding company posted revenue of $364.6 million in the period. Its revenue net of interest expense was $191.2 million, which also topped Street forecasts. Five analysts surveyed by Zacks expected $187.9 million.
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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