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Stock impact report

Customers Bancorp Reports Net Income for Third Quarter 2017 and First Nine Months 2017

Customers Bancorp, Inc (CUBI) 
Last customers bancorp, inc earnings: 1/22 04:54 pm Check Earnings Report
Company Research Source: GlobeNewswire
Q3 2017 Net Income to Common Shareholders of $4.1 Million, or $0.13 Diluted Earnings Per Common Share, Down 77.8% and 79.4%, Respectively, From Q3 2016First Nine Months of 2017 Net Income to Common Shareholders of $46.4 Million, or $1.42 Diluted Earnings Per Common Share, Down 12.5% and 21.1%, Respectively, From First Nine Months of 2016Notable Charges to Net Income During Q3 2017 Totaled $15.6 Million, or $0.48 Diluted Earnings Per Common Share, For Change in BankMobile Disposition Strategy ($10.4 Million After Tax, or $0.32 Per Diluted Share), and Religare Equity Investment Impairment ($8.3 Million, or $0.16 Per Diluted Share)Q3 2017 Diluted Earnings Per Common Share Excluding the Notable Items Was $0.61 (a Non-GAAP Measure) and First Nine Months Diluted Earnings Per Common Share Excluding the Notable Items Was $1.99 (a Non-GAAP Measure)Assets at September 30, 2017 Totaled $10.5 Billion, Down From June 30, 2017 Total Assets of $10.9 Billion, and Up From September 30, 2016 Total Asse Show less Read more
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