Customers Bancorp (CUBI) Tops Q2 EPS by 8c

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Go back to Customers Bancorp (CUBI) Tops Q2 EPS by 8c

Customers Bancorp Reports Net Income For Second Quarter 2018

July 25, 2018 4:15 PM EDT

Customers Bancorp, Inc.'s ("CUBI") second quarter 2018 ("Q2 2018") net income to common shareholders was $20.0 million, or $0.62 per diluted share.  CUBI's six month net income to common shareholders was $40.6 million, or $1.26 per diluted share.  Q2 2018 results include $869,000 of merger and acquisition related charges, or $0.02 per diluted shareThe Community Business Banking segment net income to common shareholders for Q2 2018 totaled $23.4 million, or $0.72 per diluted share, and for the six month period totaled $44.9 million, or $1.39 per diluted share. The segment's adjusted net income to common shareholders (a non-GAAP measure) for Q2 2018 totaled $23.5 million, or $0.73 per... More