Customers Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2022
January 26, 2023 at 03:30 am IST
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Customers Bancorp, Inc. reported earnings results for the fourth quarter ended December 31, 2022. For the fourth quarter, the company reported net interest income was USD 135.14 million compared to USD 193.69 million a year ago. Net income was USD 28.71 million compared to USD 100.67 million a year ago.
Basic earnings per share from continuing operations was USD 0.79 compared to USD 3.07 a year ago. Diluted earnings per share from continuing operations was USD 0.77 compared to USD 2.92 a year ago. Basic earnings per share was USD 0.79 compared to USD 3.02 a year ago.
Diluted earnings per share was USD 0.77 compared to USD 2.87 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. 
