Customers Bancorp, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company's net interest income was $53,468,000 against $44,986,000 a year ago. Net interest income after provision for loan losses was $47,295,000 against $42,527,000 a year ago. Income before tax expense was $25,201,000 against $20,467,000 a year ago. Net income was $17,786,000 against $13,178,000 a year ago. Net income available to common shareholders was $16,780,000 against $13,178,000 a year ago. Diluted earnings per common share was $0.58 against $0.47 a year ago. Return on average assets was 0.81% against 0.91% a year ago. Return on average common equity was 11.82% against 13.46% a year ago. Tangible book value per common share was $18.39 against $18.39 a year ago.

For the year, the company's net interest income was $196,290,000 against $151,923,000 a year ago. Net interest income after provision for loan losses was $175,724,000 against $137,176,000 a year ago. Income before tax expense was $88,495,000 against $63,388,000 a year ago. Net income was $58,583,000 against $43,214,000 a year ago. Net income available to common shareholders was $56,090,000 against $43,214,000 a year ago. Diluted earnings per common share was $1.96,000 against $1.55 a year ago. Return on average common equity was 11.83% against 11.94% a year ago. Return on average assets was 0.82% against 0.80% a year ago. Tangible book value per common share was $17.81 against $16.43 a year ago.

For the quarter, the company's net charge-offs was $11,978,000 against $4,321,000 a year ago.

The strong fourth quarter also puts the company in a strong position to achieve stated net income to common shareholders guidance of $2.40 to $2.50 from core banking operations in 2016.