Customers Bancorp, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company's total interest income was $83,609,000 against $67,713,000 a year ago. Net interest income was $64,134,000 against $53,472,000 a year ago. Net interest income after provision for loan losses was $64,395,000 against $47,299,000 a year ago. Income from continuing operations before income tax expense was $34,807,000 against $27,012,000 a year ago. Net income from continuing operations was $23,337,000 or $0.62 per diluted share against $18,909,000 or $0.62 per diluted share a year ago. Net income available to common shareholders was $16,213,000 or $0.51 per diluted share against $16,780,000 or $0.58 per diluted share a year ago. Return on average assets was 0.84% against 0.91% a year ago. Return on average common equity was 10.45% against 13.46% a year ago. Tangible book value per common share was $20.49 as on December 31, 2016 against $18.39 as on December 31, 2015.

For the year, the company's total interest income was $322,539,000 against $249,850,000 a year ago. Net interest income was $249,516,000 against $196,299,000 a year ago. Net interest income after provision for loan losses was $247,171,000 against $175,733,000 a year ago. Income before income tax expense was $139,119,000 against $95,737,000 a year ago. Net income from continuing operations was $87,707,000 or $2.61 per diluted share against $63,073,000 or $2.11 per diluted share a year ago. Net income available to common shareholders was $69,187,000 or $2.31 per diluted share against $56,090,000 or $1.96 per diluted share a year ago. Return on average common equity was 0.86% against 0.81% a year ago. Return on average assets was 12.41% against 11.82% a year ago.

For the quarter, the company's net charge-offs was $770,000 against $4,322,000 a year ago.