Customers Bancorp: Q3 Earnings Snapshot

WEST READING, Pa. (AP) — WEST READING, Pa. (AP) — Customers Bancorp Inc. (CUBI) on Thursday reported third-quarter earnings of $78.4 million.

The bank, based in West Reading, Pennsylvania, said it had earnings of $2.25 per share. Earnings, adjusted for non-recurring costs, came to $2.27 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.15 per share.

The bank holding company posted revenue of $402.1 million in the period. Its revenue net of interest expense was $239.4 million, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $236.4 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