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Market Overview

Recap: Customers Bancorp Q1 Earnings

Share:

Shares of Customers Bancorp (NYSE:CUBI) were unchanged in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 31.58% year over year to $0.26, which missed the estimate of $0.43.

Revenue of $81,321,000 rose by 37.13% from the same period last year, which beat the estimate of $79,100,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Customers Bancorp hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: May 04, 2020

Time: 02:01 PM ET

Webcast URL: https://www.customersbank.com/investor-relations/investor-presentations/

Price Action

52-week high: $25.72

Company's 52-week low was at $8.59

Price action over last quarter: down 49.38%

Company Profile

Customers Bancorp Inc is a bank holding company engaged in banking activities through its wholly owned subsidiary, Customers Bank. It provides financial products and services to small and middle market businesses, not-for-profits, and consumers through its branches and offices in Southeastern Pennsylvania, Rye Brook, Melville and New York, New York, Hamilton, New Jersey, Providence, Rhode Island, Portsmouth, New Hampshire and Boston, Massachusetts. Customers Bank also provides liquidity to the mortgage market nationwide through the operation of its loans to mortgage banking companies.

 

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Posted-In: Earnings News

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