Customers Bancorp (CUBI) Misses Q3 EPS by 7c

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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