Customers Bancorp Inc reports results for the quarter ended March 31 - Earnings Summary

Customers Bancorp

24/04/2025 22:41

Customers Bancorp Inc CUBI.N reported quarterly adjusted earnings of $1.54​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.40.  The mean expectation of nine analysts for the quarter was for earnings of $1.30 per share. Wall Street expected results to range from $1.16  to $1.46 per share.

Revenue rose 3% to $167.45 million from a year ago; analysts expected $172.18 million.

Customers Bancorp Inc's reported EPS for the quarter was 29 cents​.

The company reported quarterly net income of $9.52 million.

Customers Bancorp Inc shares had fallen by 3.5% this quarter and lost 0.5% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 5% in the last three months.​

In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for Customers Bancorp Inc is $67.00

This summary was machine generated from LSEG data April 24 at 09:40 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Mar. 31 2025
1.30
1.54
Beat
Dec. 31 2024
1.21
1.36
Beat
Sep. 30 2024
1.43
1.34
Missed
Jun. 30 2024
1.43
1.49
Beat