WEST READING, Pa. (AP) 鈥� WEST READING, Pa. (AP) 鈥� Customers Bancorp Inc. (CUBI) on Thursday reported first-quarter net income of $69.7 million.
The West Reading, Pennsylvania-based bank said it had earnings of $1.97 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.88 per share.
The bank holding company posted revenue of $370.6 million in the period. Its revenue net of interest expense was $225.7 million, also beating Street forecasts. Six analysts surveyed by Zacks expected $223.9 million.
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