Customers Bancorp (CUBI) Tops Q2 EPS by 17c

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Go back to Customers Bancorp (CUBI) Tops Q2 EPS by 17c

Customers Bancorp Reports Strong Second Quarter 2020 Results

July 30, 2020 7:38 AM EDT

GAAP Net Income of $19.1 million, or $0.61 Per Diluted Share, up 237% over Q2 2019

Adjusted Pre-tax Pre-provision Earnings of $50.8 million, up 94% over Q2 2019

Total Assets Grew by $5.9 billion to $17.9 billion, up 49% in Q2 2020

Originated $5.2 billion in PPP Loans

Ranking #6 in Nation With Approximately 100,000 loans to Small Businesses and Non-Profits

Q2 2020 GAAP earnings of $19.1 million, or $0.61 per diluted share, and core earnings of $19.2 million, or $0.61 per diluted share (non-GAAP measures), up 51% over Q2 2019. Adjusted pre-tax pre-provision net income for Q2 2020 was... More