Customers Bancorp (CUBI) Misses Q3 EPS by 7c

Go back to Customers Bancorp (CUBI) Misses Q3 EPS by 7c

Customers Bancorp Reports Net Income for Third Quarter 2017 and First Nine Months 2017

October 25, 2017 4:15 PM EDT

Q3 2017 Net Income to Common Shareholders of $4.1 Million, or $0.13 Diluted Earnings Per Common Share, Down 77.8% and 79.4%, Respectively, From Q3 2016First Nine Months of 2017 Net Income to Common Shareholders of $46.4 Million, or $1.42 Diluted Earnings Per Common Share, Down 12.5% and 21.1%, Respectively, From First Nine Months of 2016Notable Charges to Net Income During Q3 2017 Totaled $15.6 Million, or $0.48 Diluted Earnings Per Common Share, For Change in BankMobile Disposition Strategy ($10.4 Million After Tax, or $0.32 Per Diluted Share), and Religare Equity Investment Impairment... More