Customers Bancorp, Inc. Provides Earnings Guidance for the Year 2021 and 2022
July 28, 2021 at 05:30 pm EDT
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Customers Bancorp, Inc. provided earnings guidance for the year 2021 and 2022. The company now expects to earn at least $6.00 in core EPS in 2021 and 2022. Core EPS guidance includes the net interest income expected to be earned on the PPP loans. Excluding PPP loans, the company expects to earn at least $4 in core EPS in 2021 and 2022.
Customers Bancorp, Inc. is a bank holding company, which is engaged in banking activities through its subsidiary, Customers Bank (the Bank). The Bank provides banking products, primarily loans and deposits, to businesses and consumers through its branches, limited production offices and administrative offices in Berks County and Southeastern Pennsylvania, New York, Hamilton, New Jersey, Boston, Massachusetts, and other geographies. The Bank administratively supports loans and other financial products, including equipment finance leases, to customers. It also offers venture banking loan portfolios. The Bank serves specialty businesses nationwide, including its commercial loans to mortgage companies, commercial equipment financing, SBA lending, specialty lending and consumer loans through relationships with fintech companies. The Bankâs specialty lending includes fund finance, real estate specialty finance, technology and venture, healthcare, and financial institutions group.
CUSTOMERS BANCORP, INC. 
