Customers Bancorp Inc (CUBI) Releases Earnings Results, Reports EPS of $0.60 EPS

Customers Bancorp Inc (CUBI) reported quarterly earnings results on Wednesday, Jul-20-2016. The company reported $0.60 EPS for the quarter. Analysts had a consensus estimate of $0.60. Analysts expectations of $60.74 million. During the same quarter in the previous year, the company posted $0.52 EPS.

Customers Bancorp Inc closed down -0.31 points or -1.16% at $26.45 with 1,05,962 shares getting traded on Monday. Post opening the session at $26.75, the shares hit an intraday low of $26.32 and an intraday high of $26.75 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 8, 2016, Glenn Hedde (Pres Mortgage WarehouseLending) sold 16,663 shares at $27.00 per share price. According to the SEC, on Jun 1, 2016, Richard A Ehst (President and COO) sold 9,500 shares at $26.82 per share price. On Jun 1, 2015, Robert E. Wahlman (CFO) purchased 17,000 shares at $25.08 per share price, according to the Form-4 filing with the securities and exchange commission.

Customers Bancorp Inc. (Customers Bancorp) is a bank holding company engaged in banking activities through its wholly owned subsidiary Customers Bank (the Bank). Customers Bancorp provides financial products and services to small businesses not-for-profits and consumers. Customers Bancorp serves residences and businesses in Southeastern Pennsylvania Rye New York Hamilton New Jersey Boston Massachusetts and Providence among others. It offers a range of traditional loan and deposit banking products and financial services. The Bank offers a range of lending products including small business loans mortgage warehouse loans multi-family and commercial real estate loans residential mortgage loans and other consumer loans. The Bank also offers traditional depository products including commercial and consumer checking accounts non-interest-bearing demand accounts money market deposit accounts savings accounts and time deposit accounts and cash management services.

Customers Bancorp Inc

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