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Dec 31, 2019
Customers Bancorp Q4 2019 Earnings Report
Reported record earnings, highlighted by NIM expansion and profitability in BankMobile segment.
Key Takeaways
Customers Bancorp reported a strong Q4 2019 with record GAAP earnings of $23.9 million, or $0.75 per diluted share, and core earnings of $24.3 million, or $0.76 per diluted share. The company's net interest margin expanded, and the BankMobile segment achieved profitability.
Q4 2019 GAAP Earnings Per Diluted Share of $0.75 and Q4 2019 Core Earnings Per Diluted Share of $0.76
Q4 2019 Return on Average Assets of 0.97% up 37% Over Q4 2018 and Q4 2019 Pre-Tax and Pre-Provision Adjusted Return on Average Assets of 1.59% up 42% Over Q4 2018
Q4 2019 Net Interest Margin Expands 6 Basis Points From Q3 2019 to 2.89%
Customers Bank Business Banking Segment Q4 2019 Net Income Increases 27% Over Q4 2018. BankMobile Segment Moves From a Loss of $3.3 Million in Q4 2018 to a Profit of $1.7 Million in Q4 2019
Forward Guidance
Customers is projecting core earnings per share of $3.00 for 2020 with continued improvement in all profitability metrics and are pleased to make public our confidence in achieving $6 per share in annual core earnings by the end of 2025.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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