Customers Bancorp Q2 EPS $1.65 Beats $1.46 Estimate, Sales $165.27M Beat $149.08M Estimate
Portfolio Pulse from mahesh@benzinga.com
Customers Bancorp reported Q2 earnings of $1.65 per share, beating the analyst consensus estimate of $1.46 by 13.01%. However, this is a 6.78% decrease from the same period last year. The company also reported quarterly sales of $165.27 million, beating the analyst consensus estimate of $149.08 million by 10.86%, a slight increase from last year.
July 27, 2023 | 8:47 pm
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NEUTRAL IMPACT
Customers Bancorp's Q2 earnings and sales beat analyst estimates, but earnings are down from last year. Sales saw a slight increase.
While Customers Bancorp beat analyst estimates for both earnings and sales, the decrease in earnings from the same period last year could potentially concern investors. However, the slight increase in sales could offset this concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100