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.
Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.View Comment Policy