Customers Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 04:34 pm EDT
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Customers Bancorp, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 165.27 million compared to USD 164.85 million a year ago. Net income was USD 47.57 million compared to USD 58.65 million a year ago. Basic earnings per share from continuing operations was USD 1.41 compared to USD 1.73 a year ago. Diluted earnings per share from continuing operations was USD 1.39 compared to USD 1.68 a year ago.
For the six months, net interest income was USD 315.17 million compared to USD 329.55 million a year ago. Net income was USD 101.3 million compared to USD 135.41 million a year ago. Basic earnings per share from continuing operations was USD 2.99 compared to USD 4 a year ago. Diluted earnings per share from continuing operations was USD 2.95 compared to USD 3.87 a year ago.
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. 
