Customers Bancorp climbs after Q3 results

Customers Bancorp

Yesterday 19:45

** Regional lender Customers Bancorp's CUBI.N shares rise 9.2% to $86
** After market close on Thursday, CUBI reported Q3 net income available to common shareholders of $78.4 million, or $2.25 per diluted share, compared with $73.7 million, or $2.20 per share, a year earlier
** Net interest income rose 3% year-over-year to $208.1 million, driven by higher interest income from investment securities and several loan portfolios
** Total loans and leases stood at $18.5 billion and total deposits at a record $22.6 billion as of September 30
** Seven of 11 analysts rate stock "strong buy" or "buy", three "hold" and one "sell" or "strong sell"; their median PT is $92 - data compiled by LSEG
** Including session's moves, stock up 16.8% YTD

 (Reporting by Pragyan Kalita in Bengaluru)
 ((Pragyan.Kalita@thomsonreuters.com;))