Customers Bancorp: Q3 Earnings Snapshot

CUBI

WEST READING, Pa. (AP) _ Customers Bancorp Inc. (CUBI) on Wednesday reported third-quarter profit of $116 million.

The West Reading, Pennsylvania-based bank said it had earnings of $3.25 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.06 per share.

The bank holding company posted revenue of $268.4 million in the period. Its revenue net of interest expense was $245.5 million, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $176.4 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

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