Customers Bancorp climbs after Q3 results
CUBI•Customers Bancorp shares rose 9.2% after reporting third-quarter 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.
1. Quarterly results
Customers Bancorp reported third-quarter net interest income of $208.1 million, up 3% year over year, driven by higher interest income from investment securities and several loan portfolios. As of September 30, total loans and leases stood at $18.5 billion, and deposits reached a record $22.6 billion.
