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Stock impact report

Customers Bancorp outlines impacts of U.S. tax reform [Seeking Alpha]

Customers Bancorp, Inc (CUBI) 
Last customers bancorp, inc earnings: 1/22 04:54 pm Check Earnings Report
Company Research Source: Seeking Alpha
Customers Bancorp outlines impacts of U.S. tax reformCustomers Bancorp (NYSE:CUBI) expects a net impact on earnings of $(0.06) and capital of less than $2M in 4Q17.The company currently estimates net income growth of approx. 22% and effective tax rate between 23.0% and 24.0% based on the 14% reduction in federal income tax rate from 35% to 21%.The company's total assets of approx. $9.9B as on 31st Dec. 2017 will help them to qualify for the Durbin Amendment small issuer exemption for purposes of assessing interchange fees through June 30, 2019 leading to increase in capital ratios; lower taxes in 2018.Press ReleaseClick to subscribe to real-time analytics on CUBINow read:Exchange Customers Preferreds For Better Yields » Show less Read more
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