WYOMISSING, Pa. (AP) _ Customers Bancorp Inc. (CUBI) on Wednesday reported fourth-quarter profit of $27.5 million.

The bank, based in Wyomissing, Pennsylvania, said it had earnings of 75 cents per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were 76 cents per share.

The bank holding company posted revenue of $149.8 million in the period. Its revenue net of interest expense was $103.4 million, beating Street forecasts.

For the year, the company reported profit of $79.3 million, or $2.05 per share. Revenue was reported as $358.2 million.

Customers Bancorp shares have declined nearly 5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22.69, an increase of 9.5% in the last 12 months.

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

Automated Insights, source Associated Press News