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Investors Bancorp Inc (ISBC.OQ)

ISBC.OQ on NASDAQ Stock Exchange Global Select Market

11.04USD
16 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Investors Bancorp To Acquire Gold Coast Bancorp
Wednesday, 24 Jul 2019 05:00pm EDT 

July 24 (Reuters) - Investors Bancorp Inc ::INVESTORS BANCORP, INC. TO ACQUIRE GOLD COAST BANCORP, INC., EXPANDING ITS LONG ISLAND FRANCHISE.INVESTORS BANCORP INC - DEAL FOR $63.6 MILLION.INVESTORS BANCORP INC - DEAL CONSIDERATION WILL BE PAID TO GOLD COAST STOCKHOLDERS IN A COMBINATION OF STOCK AND CASH.INVESTORS BANCORP INC - EXPECTS TRANSACTION TO BE APPROXIMATELY 2.5% ACCRETIVE TO EARNINGS PER SHARE, INCLUSIVE OF FULLY PHASED-IN COST SAVINGS.INVESTORS BANCORP INC - TRANSACTION WILL RESULT IN LESS THAN 1% DILUTION TO TANGIBLE BOOK VALUE PER SHARE.INVESTORS BANCORP - GOLD COAST SHAREHOLDERS HAVE OPTION TO RECEIVE EITHER 1.422 SHARES OF CO'S COMMON STOCK, OR $15.75 IN CASH FOR EACH GOLD COAST SHARE THEY OWN.INVESTORS BANCORP INC - WILL CREATE A REGIONAL ADVISORY BOARD CONSISTING OF MEMBERS OF GOLD COAST'S CURRENT BOARD.INVESTORS BANCORP INC - JOHN TSUNIS IS EXPECTED TO SERVE AS CHAIRMAN OF REGIONAL ADVISORY BOARD..  Full Article

Investors Bancorp Inc says Co Early Adopted ASU 2019-04 On June 13
Wednesday, 19 Jun 2019 05:45pm EDT 

June 19 (Reuters) - Investors Bancorp Inc ::INVESTORS BANCORP INC - ON JUNE 13 CO EARLY ADOPTED ASU 2019-04.INVESTORS BANCORP - AS PART OF ASU 2019-04 ADOPTION, RECLASSIFIED ABOUT $400 MILLION OF DEBT SECURITIES HELD-TO-MATURITY TO DEBT SECURITIES AVAILABLE-FOR-SALE.INVESTORS BANCORP - SOLD ABOUT $405 MILLION OF DEBT SECURITIES AVAILABLE-FOR-SALE AT ESTIMATED NON-RECURRING AFTER TAX LOSS OF ABOUT $4 MILLION.INVESTORS BANCORP - ESTIMATED NON-RECURRING AFTER TAX LOSS OF ABOUT $4 MILLION TO BE RECOGNIZED IN Q2 OF 2019.INVESTORS BANCORP - IN ADDITION, COMPANY MODIFIED $350 MILLION OF BORROWINGS.INVESTORS BANCORP - MODIFICATION OF $350 MILLION OF BORROWINGS RESULTED IN INTEREST COST SAVINGS OF 45 BASIS POINTS, NET OF MODIFICATION COSTS.INVESTORS BANCORP - EXPECTS SECURITIES AND MODIFICATION OF DEBT TRANSACTIONS WILL YIELD A TANGIBLE BOOK VALUE EARN BACK OF ABOUT ONE YEAR.  Full Article

Investors Bancorp Reports Q1 EPS Of $0.18
Wednesday, 24 Apr 2019 05:48pm EDT 

April 24 (Reuters) - Investors Bancorp Inc ::INVESTORS BANCORP, INC. ANNOUNCES FIRST QUARTER FINANCIAL RESULTS AND CASH DIVIDEND.Q1 EARNINGS PER SHARE $0.18.Q1 EARNINGS PER SHARE ESTIMATE $0.20 -- REFINITIV IBES DATA.QTRLY NET INTEREST INCOME $162.7 MILLION VERSUS $172.5 MILLION.  Full Article

Investors Bancorp Is Exploring A Possible Sale - WSJ
Tuesday, 6 Nov 2018 11:33am EST 

Nov 6 (Reuters) - :INVESTORS BANCORP INC IS EXPLORING A POSSIBLE SALE , HAS HIRED DEAL ADVISER KEEFE, BRUYETTE & WOODS INC - WSJ, CITING SOURCES.  Full Article

Investors Bancorp Reports Q4 Adjusted Earnings Per Share $0.17
Thursday, 25 Jan 2018 05:32pm EST 

Jan 25 (Reuters) - Investors Bancorp Inc ::INVESTORS BANCORP, INC. ANNOUNCES FOURTH QUARTER FINANCIAL RESULTS AND CASH DIVIDEND.Q4 LOSS PER SHARE $0.02.Q4 EARNINGS PER SHARE VIEW $0.15 -- THOMSON REUTERS I/B/E/S.Q4 ADJUSTED EARNINGS PER SHARE $0.17.NET LOSS FOR Q4 INCLUDES A $49.2 MILLION INCREASE TO INCOME TAX EXPENSE RELATED TO ENACTMENT OF TAX CUTS AND JOBS ACT.INVESTORS BANCORP - ‍NET INTEREST INCOME FOR THREE MONTHS ENDED DEC 31, 2017 WAS $174.7 MILLION 3.5% RAISE COMPARED TO THREE MONTHS ENDED DEC 31, 2016​.  Full Article

Investors Bancorp Says Estimate Tax Act To Result In Reduction Of Net Deferred Tax Asset Of About $55 Million
Wednesday, 10 Jan 2018 02:05pm EST 

Jan 10 (Reuters) - Investors Bancorp Inc ::INVESTORS BANCORP SAYS ESTIMATE TAX ACT TO RESULT IN REDUCTION OF NET DEFERRED TAX ASSET OF ABOUT $55 MILLION, WHICH WILL BE RECORDED IN Q4 - SEC FILING.  Full Article

Investors Bank Announces Workforce Reduction And Branch Closures
Thursday, 7 Dec 2017 05:30pm EST 

Dec 7 (Reuters) - Investors Bancorp Inc ::INVESTORS BANK ANNOUNCES WORKFORCE REDUCTION AND BRANCH CLOSURES.INVESTORS BANCORP INC - WORKFORCE REDUCTION WILL TAKE EFFECT BY YEAR END AND IT IS ANTICIPATED BRANCH CLOSURES WILL TAKE EFFECT FIRST WEEK OF MARCH 2018.INVESTORS BANCORP - IMPLEMENTED PLAN TO REDUCE OPERATING EXPENSES, INCLUDING WORKFORCE REDUCTION OF ABOUT 5% AND CLOSURE OF SIX BRANCH OFFICES.INVESTORS BANCORP INC - IN CONNECTION WITH PLAN, COMPANY EXPECTS TO RECOGNIZE NON-RECURRING PRE-TAX EXPENSES OF APPROXIMATELY $5 MILLION IN Q4 OF 2017.INVESTORS BANCORP - ESTIMATES WORKFORCE REDUCTION WITH BRANCH CLOSURES WILL REDUCE ANNUAL OPERATING EXPENSES BY ABOUT $10 MILLION TO $12 MILLION.  Full Article

Investors Bancorp reports Q3 earnings $0.16/shr
Thursday, 26 Oct 2017 05:54pm EDT 

Oct 26 (Reuters) - Investors Bancorp Inc :Investors Bancorp, inc. Announces third quarter financial results and cash dividend.Q3 earnings per share $0.16.Q3 earnings per share view $0.13 -- Thomson Reuters I/B/E/S.Investors bancorp - ‍net interest income for three months ended September 30 was $170.9 million, a 2.3% increase compared to three months ended June 30​.  Full Article