Customers Bancorp Q2 2024 Adj EPS $1.49 Beats $1.43 Estimate, Sales $167.653M Beat $164.477M Estimate
Portfolio Pulse from Benzinga Newsdesk
Customers Bancorp (NYSE:CUBI) reported Q2 2024 adjusted EPS of $1.49, beating the $1.43 estimate. Sales were $167.653M, surpassing the $164.477M estimate. Despite the beats, EPS decreased by 9.7% YoY, while sales increased by 1.44% YoY.
July 25, 2024 | 9:19 pm
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Customers Bancorp reported Q2 2024 adjusted EPS of $1.49, beating the $1.43 estimate. Sales were $167.653M, surpassing the $164.477M estimate. Despite the beats, EPS decreased by 9.7% YoY, while sales increased by 1.44% YoY.
The positive earnings and sales beats are likely to have a short-term positive impact on the stock price. However, the YoY decrease in EPS may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100