Investors Bancorp, Inc. Announces First Quarter Financial Results and Cash Dividend
Investors Bancorp, Inc. (ISBC)
Last investors bancorp, inc. earnings: 4/29 05:40 pm
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US:NASDAQ Investor Relations:
myinvestorsbank.com/investor-relations
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Source: PR Newswire
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."Mr. Cummings also commented, "We remain cautiously optimistic on credit as our defe
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