Customers Bancorp delivered impressive third-quarter results with strong deposit and loan growth, pushing net interest income significantly higher while enhancing capital quality through a successful equity offering.
- Deposits grew by $1.4 billion, driven by contributions from new commercial banking teams and the cubiX platform.
- Net interest margin expanded by 19 basis points, resulting in a 14% increase in net interest income quarter-over-quarter.
- Core EPS rose by 22% from the previous quarter, outperforming consensus estimates and reflecting a 64% year-over-year increase.
- Successful common equity offering was oversubscribed by 10x, further improving capital ratios.
- Strong credit metrics and ample liquidity maintained despite aggressive growth strategies.
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