Customers Bancorp (CUBI) Tops Q4 EPS by 2c

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Go back to Customers Bancorp (CUBI) Tops Q4 EPS by 2c

Customers Bancorp Reports Record Net Income for Full Year 2016

January 26, 2017 6:00 AM EST

2016 Net Income to Common Shareholders of $69.2 million Up 23.3% Over 2015Decision to Exit or Reduce Holdings of Religare Enterprises Limited Common Stock Results in Q4 2016 $7.3 million Impairment ChargeEarly Adoption of ASU 2016-9, Improvements to Employee Share Based Accounting ("ASU 2016-9"), Results in $4.1 million Benefit for 2016, and $3.6 million Benefit for Q4 20162016 Net Income to Common Shareholders Excluding the Impairment Charge and ASU 2016-9 Benefit of $72.3 million, Up 28.9% Over 2015Q4 2016 Net Income to Common Shareholders of $16.2 million Down $0.6 million, or 3.4%, From Q4 2015Q4... More