Recap: Customers Bancorp Q3 Earnings

Customers Bancorp CUBI reported its Q3 earnings results on Wednesday, October 26, 2022 at 04:15 PM.

Here's what investors need to know about the announcement.

Earnings

Customers Bancorp beat estimated earnings by 29.84%, reporting an EPS of $2.48 versus an estimate of $1.91.

Revenue was down $60.86 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.01 which was followed by a 6.46% drop in the share price the next day.

Here's a look at Customers Bancorp's past performance:

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 1.76 1.62 2.85 1.98
EPS Actual 1.77 2.19 2.92 3.36
Revenue Estimate 158.71M 157.73M 201.24M 154.57M
Revenue Actual 164.85M 164.70M 193.69M 219.89M

To track all earnings releases for Customers Bancorp visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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