WEST READING, Pa. (AP) _ Customers Bancorp Inc. (CUBI) on Wednesday reported first-quarter net income of $76.8 million.

The bank, based in West Reading, Pennsylvania, said it had earnings of $2.18 per share. Earnings, adjusted for non-recurring costs, came to $2.19 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.

The bank holding company posted revenue of $204.7 million in the period. Its revenue net of interest expense was $185.9 million, which also topped Street forecasts. Four analysts surveyed by Zacks expected $170.5 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CUBI at https://www.zacks.com/ap/CUBI

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