The third quarter financial results of Customers Bancorp (NYSE: CUBI) will be revealed on Thursday 31st October 2024. This eagerly awaited announcement is slated to occur after market close, enabling investors and market participants to gain valuable insights into the company's financial performance.
The latest projections from financial analysts on Wall Street suggest that the firm is likely to reveal an estimated $1.44 profit per share for the quarter. Additionally, the company is expected to announce revenueS of $170.12 million for the period.
The company's earnings report for the corresponding quarter of the previous year showcased a per-share income of $2.59. This notable figure was achieved due to the company's impressive total revenue of $199.77 million recorded during that specific period.
Wall Street analysts have unveiled their forecasts for the company's yearly performance, estimating a total revenue of $674.32 million. Additionally, they expect the company to reach profit of $6.05 per share for the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $1.49 | -9.7% | 167.65 M | +1.4% |
| Q1 2024 | $1.42 | -10.1% | 160.39 M | +7.0% |
| Q4 2023 | $1.90 | +59.7% | 172.51 M | +27.7% |
| Q3 2023 | $2.59 | +4.4% | 199.77 M | +25.6% |
| Q2 2023 | $1.65 | -6.8% | 165.27 M | +0.3% |
| *Growth on year-over-year basis | ||||
Additionally, The company will host a conference call with investors and analysts on 11th January 2024 at 09:00 AM eastern time to review the Q3 2024 financial results.
Customers Bancorp (CUBI) shares experienced a range of $45.13 to $46.73 on a day volume of 538.10 thousand shares. The stock closed Tuesday's regular trading session at $45.42, reflecting a 3.32 percent downfall.
