Customers Bancorp, Inc (NYSE:CUBI) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, CUBI to report 3Q20 income of $ 1.01 per share.
For the full year, analysts anticipate top line of $ 419.64 million, while looking forward to income of $ 3.46 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.00 ~ $ 3.00 per share
Click Here For More Historical Outlooks Of Customers Bancorp, Inc
Previous Quarter Performance
Customers Bancorp, Inc announced income for the second quarter of $ 0.61 per share, from the revenue of $ 91.98 million. The quarterly earnings boosted 238.89 percent compared with the same quarter last year. According to street consensus, CUBI was expected to report 2Q20 income of $ 0.44 per share from revenue of $ 95.10 million. The bottom line results beat street analysts by $ 0.17 or 38.64 percent, at the same time, top line results fell short of analysts by $ 3.12 million or 3.28 percent.
Stock Performance
Shares of Customers Bancorp, Inc traded low $ -0.87 or -6.27 percent on Tuesday, reaching $ 13.00 with volume of 94.10 thousand shares. Customers Bancorp, Inc has traded high as $ 13.80 and has cracked $ 12.94 on the downward trend
According to the previous trading day, closing price of $ 13.00, representing a 65.91 % increase from the 52 week low of $ 8.36 and a 46.07 % decrease over the 52 week high of $ 25.72.
The company has a market capital of $ 409.69 million and is part of the Financial Services sector and Banks – Regional – US industry.
Customers Bancorp, Inc. operates as the bank holding company for Customers Bank that provides financial products and services to small and middle market businesses, not-for-profits, and consumers. The company operates in two segments, Customers Bank Business Banking and BankMobile.
