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SHORT HILLS, N.J., April 28, 2021 /PRNewswire/ Investors Bancorp, Inc. (NASDAQ:ISBC) ( Company ), the holding company for Investors Bank ( Bank ), reported net income of $72.3 million, or $0.31 per diluted share, for the three months ended March 31, 2021 as compared to $75.1 million, or $0.32 per diluted share, for the three months ended December 31, 2020 and $39.5 million, or $0.17 per diluted share, for the three months ended March 31, 2020.
The Company also announced today that its Board of Directors declared a cash dividend of $0.14 per share to be paid on May 25, 2021 for stockholders of record as of May 10, 2021.
Kevin Cummings, Chairman and CEO, commented, Our pre-tax earnings for the first quarter were a record high as our credit quality is strong and our cost of deposits continues to decline. Our return on assets and return on equity for the first quarter were 1.11% and 11%, respectively.
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SHORT HILLS, N.J., April 28, 2021 /PRNewswire/ Investors Bancorp, Inc. (NASDAQ:ISBC) ( Company ), the holding company for Investors Bank ( Bank ), reported net income of $72.3 million, or $0.31 per diluted share, for the three months ended March 31, 2021 as compared to $75.1 million, or $0.32 per diluted share, for the three months ended December 31, 2020 and $39.5 million, or $0.17 per diluted share, for the three months ended March 31, 2020.
The Company also announced today that its Board of Directors declared a cash dividend of $0.14 per share to be paid on May 25, 2021 for stockholders of record as of May 10, 2021.
Kevin Cummings, Chairman and CEO, commented, Our pre-tax earnings for the first quarter were a record high as our credit quality is strong and our cost of deposits continues to decline. Our return on assets and return on equity for the first quarter were 1.11% and 11%, respectively.
Investors Bancorp, Inc Announces First Quarter Financial Results and Cash Dividend prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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SHORT HILLS, N.J., April 6, 2021 /PRNewswire/ Investors Bancorp, Inc. (Nasdaq: ISBC), announced that it expects to report earnings for the first quarter ended March 31, 2021, on Wednesday, April 28, 2021 at approximately 5:00 p.m. Eastern Time (ET). A copy of the news release will be immediately available on its website, www.investorsbank.com.
The Company also announced that it will host an earnings conference call on Thursday, April 29, 2021 at 11:00 a.m. (ET). We encourage participants to pre-register for the conference call by using the link below to receive a unique dial-in number and PIN. Callers who pre-register will bypass the live operator and may avoid any delays in joining the conference call. Participants will immediately receive an online confirmation, an email and a calendar invitation for the event.
Investors Bancorp Announces the Election of Two Directors
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SHORT HILLS, N.J., Feb. 1, 2021 /PRNewswire/ Investors Bancorp, Inc. (NASDAQ: ISBC), the holding company for Investors Bank, today announced the election of John E. Harmon, Sr. IOM, and Kim Wales to its Board of Directors, effective January 26, 2021. Mr. Harmon and Ms. Wales will join the 2021 class of Directors for Investors Bancorp and Investors Bank.
In announcing the new directors, Investors Bank Chairman and CEO Kevin Cummings said, John brings significant expertise in guiding and nurturing fast-growing, minority and women-owned small businesses. His knowledge and insight forming strategic private and public sector alliances will add value in the Boardroom as we continue to grow our banking franchise.