WEST READING, Pa. (AP) — WEST READING, Pa. (AP) — Customers Bancorp Inc. (CUBI) on Thursday reported fourth-quarter profit of $62.1 million.

The West Reading, Pennsylvania-based bank said it had earnings of $1.79 per share. Earnings, adjusted for one-time items, were $1.90 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.

The bank holding company posted revenue of $364.6 million in the period. Its revenue net of interest expense was $191.2 million, which also beat Street forecasts. Five analysts surveyed by Zacks expected $187.9 million.

For the year, the company reported profit of $235.4 million, or $7.32 per share. Revenue was reported as $758 million.

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