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WEST READING, Pa. (AP) — WEST READING, Pa. (AP) — Customers Bancorp Inc. (CUBI) on Thursday reported third-quarter earnings of $46.7 million.
The West Reading, Pennsylvania-based bank said it had earnings of $1.31 per share. Earnings, adjusted for non-recurring gains, came to $1.26 per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share.
The bank holding company posted revenue of $340.7 million in the period. Its revenue net of interest expense was $167.1 million, which also missed Street forecasts. Four analysts surveyed by Zacks expected $192.6 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CUBI at https://www.zacks.com/ap/CUBI