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Wyomissing bank has best-ever quarter

By , - Last modified: July 17, 2013 at 11:08 AM
File photo of a Customers Bank branch in Bucks County.
File photo of a Customers Bank branch in Bucks County.

Customers Bancorp of Wyomissing is reporting record earnings for the second quarter of 2013.

According to James D. Hogan, chief financial officer, net income for the quarter, which ended June 30, was $8.23 million or 38 cents per diluted share.

Compared to the second quarter of 2012, which included $8.8 million of security gains, net income increased $1.7 million or 26.5 percent.

Hogan explained that security gains are not considered in revenue so revenue the second quarter of 2012 was actually 7 cents per share.

"From an operational standpoint this second quarter of 2013 was the best quarter we've ever had," said Hogan.

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Stacy Wescoe

Stacy Wescoe

Writer and online editor Stacy Wescoe has her finger on the pulse of the business community in the Greater Lehigh Valley and keeps you up-to-date with technology and trends, plus what coworkers and competitors are talking about around the water cooler — and on social media. She can be reached at stacyw@lvb.com or 610-807-9619, ext. 4104. Follow her on Twitter at @morestacy and on Facebook. Circle Stacy Wescoe on .

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