Customers Bancorp (CUBI) Tops Q1 EPS by 22c

Customers Bancorp (NYSE: CUBI) reported Q1 EPS of $1.54, $0.22 better than the analyst estimate of $1.32. Revenue for the quarter came in at $167.4 million versus the consensus estimate of $190.3 million.

Outlook

“Looking forward, our strategy remains unchanged. We are focused on continuing the transformation of our deposit franchise, further strengthening our risk management and compliance infrastructure, improving our profitability and growing net interest income, and maintaining strong capital ratios, liquidity, and credit quality. We began the year with strong performance toward achievement of our loan, deposit, and net interest income growth targets as well as our target of lowering our core efficiency ratio. We remain focused on executing in those areas which differentiate us from our peers and believe that providing truly exceptional service, sophisticated product offerings and a single-point-of-contact service model will deliver strategic, organic growth. We believe we are incredibly well positioned to continue to take market share winning new client relationships and that we have the right strategy, the right team, and a client-centric culture to achieve our goals in 2025 and beyond,” concluded Sam Sidhu.

For earnings history and earnings-related data on Customers Bancorp (CUBI) click here.

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