ISBC Investors Bancorp, Inc. featured news, full reports, and detailed charts
Investors Bancorp, Inc. (ISBC) Wrap Up:
Investors Bancorp, Inc. (the “Company”) is a Delaware corporation that was organized on January 21, 1997 for the purpose of being a holding company for Investors Savings Bank (the “Bank”), a New Jersey chartered savings bank. On October 11, 2005, the Company completed its initial public stock offering in which it sold 51,627,094 shares, or 44.40% of its outstanding common stock, to subscribers in the offering, including 4,254,072 shares purchased by the Investors Savings Bank Employee Stock Ownership Plan (the “ESOP”). Upon completion of the initial public offering, Investors Bancorp, MHC, the Company’s New Jersey chartered holding company parent, held 63,099,781 shares, or 54.27% of the Company’s outstanding common stock. Additionally, the Company contributed $5,163,000 in cash and issued 1,548,813 shares of common stock, or 1.33% of its outstanding shares, to the Investors Savings Bank Charitable Foundation. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f08%2f29%2f0000950123-07-012107.html#FIS_BUSINESS"www.isbnj.com
647 Employees
Founded in 1926
Investors Bancorp Inc. (ISBC:NASDAQ)
LAST $10.77 USD
CHANGE TODAY +0.03 0.28%
VOLUME 114.5K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Investors Bancorp Inc. (ISBC)
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OPEN
$10.70
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PREVIOUS CLOSE
$10.74
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DAY HIGH
$10.91
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DAY LOW
$10.65
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52 WEEK HIGH
11/28/08 - $14.43
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52 WEEK LOW
03/4/09 - $6.75
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MARKET CAP
1.2B
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AVERAGE VOLUME 3 mo
213.6K
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DILUTED EPS TTM
$-0.58
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SHARES OUTSTANDING
114.5M
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ISBC Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
ISBC Top Compensated Officers
Mr. Kevin Cummings
Chief Executive Officer, President, Director,...
Age: 54
Total Annual Compensation: $775.0K
Mr. Thomas F. Splaine Jr.
Chief Financial Officer, Principal Accounting...
Age: 44
Total Annual Compensation: $226.0K
Mr. Domenick A. Cama
Chief Operating Officer and Executive Vice Pr...
Age: 53
Total Annual Compensation: $500.0K
Mr. Richard S. Spengler
Chief Lending Officer, Executive Vice Preside...
Age: 47
Total Annual Compensation: $295.0K
Mr. Paul Kalamaras
Senior Vice President, Senior Vice President ...
Age: 50
Total Annual Compensation: $207.7K
Executives, Board Directors
Compensation as of Fiscal Year 2009.
Key developments for Investors Bancorp Inc. (ISBC)
Investors Bancorp Inc. Announces Board Changes ; Changes Fiscal Year End from June 30 to December 31
11/3/2009
Investors Bancorp Inc. announced that its 2009 Annual Meeting of Stockholders was held on October 27, 2009. At the Annual Meeting, Patrick J. Grant, Kevin Cummings, Joseph H. Shepard III were elected to serve as Directors, each for a three-year term. The company announced the retirement of John A. Kirkpatrick, a member of the boards of directors of Investors Bancorp Inc. retired effective October 27, 2009. The Board of Directors of Investors Bancorp Inc. was reduced to eleven members. The responsibilities of chairman of the audit committee will be shared by directors Brian D. Dittenhafer and Stephen J. Szabatin as co-chairmen. The company announced its Board of Directors approved a change in the company's fiscal year end from June 30 to December 31. The change will become effective at the end of the quarter ending December 31, 2009.
Investors Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2009
10/22/2009
Investors Bancorp Inc. reported unaudited consolidated earnings results for the first quarter ended September 30, 2009. For the quarter, the company reported net income of $10.5 million compared to net income of $5.5 million for the three months ended September 30, 2008. Basic and diluted earnings were $0.10 per share for the quarter, compared to basic and diluted earnings of $0.05 per share for the three months ended September 30, 2008. Total interest and dividend income was $98.6 million compared with $87.4 million for the prior year quarter. This increase is primarily due to a $1.38 billion, or 21.4%, increase in the average balance of interest-earning assets to $7.85 billion for the three months ended September 30, 2009 from $6.46 billion for the three months ended September 30, 2008. Net interest income was $51.5 million compared with $38.7 million for the prior year quarter. Income before income tax expense was $17.8 million compared with $9.1 million for the prior year quarter. Return on average assets was 0.51% compared with 0.33% for the prior year quarter. Return on average equity was 5.12% compared with 2.66% for the prior year quarter. As on September 30, 2009, the company's book value per common share was $7.51.
Investors Bancorp Inc. expected to Report Q2 2010 Results on February 1, 2010. This event was calculated by Capital IQ (Created on October 22, 2009).
10/22/2009
Investors Bancorp Inc. expected to Report Q2 2010 Results on February 1, 2010. This event was calculated by Capital IQ (Created on October 22, 2009).
ISBC Competitors
| Company | Last | Change | |
| No competitor information is available for ISBC. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | ISBC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 733.6x |
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| Price/Book | 1.5x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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ISBC |
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ISBC transactions
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| No transactions in the last 6 months. | ||
More Recent News About Investors Bancorp, Inc.
More news for ISBC
Q1 2010 INVESTORS BANCORP INC Earnings Release - 5:00 pm ET
Earnings Announcements for Thursday, October 22CompanySymbolTimeConferenceCall1-800-FLOWERS.COMFLWSBefore Market Open1st SourceSRCEAfter Market Close3M CompanyMMMBefore Market OpenAcacia Research CorporationACTGAfter Market CloseListenAffiliated Computer ServicesACSAfter Market CloseAkeena SolarAKNSBefore Market OpenAker SolutionsAKSO.OL02:00 am ETAlaska Air Group, Inc.ALKBefore Market OpenListenAlexion PharmaceuticalsALXNBefore Market OpenAlign TechnologyALGN4:00 pm ETAmadeus Fire AGAAD.FTime Not SuppliedAmazon.com, Inc.AMZNAfter Market CloseListenAmerican Express CompanyAXPAfter Market CloseListenAmerican River BanksharesAMRBTime Not SuppliedAmSurgAMSG4:00 pm ETListenAssociated Banc-CorpASBC1:00 pm ETAT&TTBefore Market Open...Click here to read the whole Article (external link)
INVESTORS BANCORP INC Files SEC form 8-K, Other Events
Show all filings for INVESTORS BANCORP INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for INVESTORS BANCORP INC 19-Oct-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trad...Click here to read the whole Article (external link)
Investors Bancorp, Inc. Announces Completion of the Acquisition of 6 New Jersey Branches of Banco Popular North America
SHORT HILLS, N.J., Oct. 16 /PRNewswire-FirstCall/ -- Investors Bancorp, Inc. (Nasdaq: ISBC - News; the "Company"), the holding company for Investors Savings Bank (the "Bank"), announced today it has completed the acquisition of six New Jersey bank branches and approximately $227.0 million of deposits from Banco Popular North America. The Company did not purchase any loans as part of the transaction. As the Company previously disclosed, it is consolidating Banco Popular's East Orange, New Jersey branch with Investors' existing East Orange branch office. The remaining five acquired branches will be open for business as branches of Investors Savings Bank on Monday, October 19, 2009."We are pleased to welcome our new customers and look forward to providing the same level of quality service these customers were accustomed to receiving from Banco Popular," said Domenick A. Cama, Executive Vice President and Chief Operating Officer of Investors Savings Bank.About the Company Investors Bancorp, Inc. is the holding company for Investors Savings Bank, which operates from its corporate headquarters in Short Hills, New Jersey, and, including the newly acquired branches, 63 branch offices located in Essex, Hunterdon, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Union and Warren Counties, New Jersey.Forward Looking StatementsCertain statements contained herein are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the...Click here to read the whole Article (external link)
Investors Bancorp, Inc. Announces First Quarter Financial Results
SHORT HILLS, N.J., Oct. 22 /PRNewswire-FirstCall/ -- Investors Bancorp, Inc. (Nasdaq: ISBC - News; "Company"), the holding company for Investors Savings Bank ("Bank"), reported net income of $10.5 million for the three months ended September 30, 2009 compared to net income of $5.5 million for the three months ended September 30, 2008. Basic and diluted earnings were $0.10 per share for the three months ended September 30, 2009, compared to basic and diluted earnings of $0.05 per share for the three months ended September 30, 2008. Commenting on the Company's first quarter performance, Kevin Cummings, President and Chief Executive Officer, said, "We are satisfied with our financial results this quarter which reflect a sizable increase in net interest margin. Our growth, along with the continued focus on re-mixing the balance sheet, allowed us to take advantage of the current interest rate environment and reduce our cost of funds. However, while the interest rate environment was favorable, the impact of the current credit environment resulted in a $12.4 million provision for loan losses this quarter which, well exceeds the $5.5 million in loan charge-offs for the quarter. Despite the higher provision, earnings per share increased 100% compared to prior year results."The following represents other performance highlights and significant events for the quarter ended September 30, 2009:Mr. Cummings commented on the Company's non-performing loans, "We are closely managing non...Click here to read the whole Article (external link)
INVESTORS BANCORP INC Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue103,990 97,072 96,164 96,078 Cost of Revenue29,774 32,525 33,900 31,928 Gross Profit - 64,547 62,264 64,150 Operating ExpensesResearch Development - - - - Selling General and Administrative25,777 28,163 24,455 22,820 Non Recurring651 - - - Others12,558 9,322 7,998 161,605 Total Operating Expenses - - - - Operating Income or Loss - 27,062 29,811 (120,275)Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes35,230 27,062 29,811 (120,275)Interest Expense17,402 17,509 17,691 19,663 Income Before Tax17,828 9,553 12,120 (139,938)Income Tax Expense7,355 4,081 5,042 (56,979)Minority Interest - - - - Net Income From Continuing Ops10,473 5,472 7,078 (82,959)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - &n...Click here to read the whole Article (external link)
INVESTORS BANCORP INC Files SEC form 8-K, Change in Directors or Principal Officers, Amendments to Articles of Inc. o
Show all filings for INVESTORS BANCORP INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for INVESTORS BANCORP INC 3-Nov-2009Change in Directors or Principal Officers, Amendments to Articles of Inc. o Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All info...Click here to read the whole Article (external link)
Investors Bancorp, Inc. Announces 2009 Annual Meeting Results, Director Retirement, and Change in Fiscal Year End
SHORT HILLS, N.J., Nov. 3 /PRNewswire-FirstCall/ -- Investors Bancorp, Inc. (Nasdaq: ISBC - News; "Company"), the holding company for Investors Savings Bank ("Bank"), held its 2009 Annual Meeting of Stockholders on Tuesday, October 27, 2009 at 9:00 a.m., local time at The Murray Hill Inn, 535 Central Avenue, New Providence, New Jersey 07094. At the Annual Meeting, Patrick J. Grant, Kevin Cummings, Joseph H. Shepard III were elected to serve as Directors, each for a three-year term. The Company's stockholders also ratified the appointment of KPMG LLP as the Company's independent registered public accounting firm for the year ending June 30, 2010.The Company announced the retirement of John A. Kirkpatrick, a member of the boards of directors of Investors Bancorp, Inc. and Investors Savings Bank since 1992, retired effective October 27, 2009. Each of the Boards of Directors of Investors Bancorp, Inc. and Investors Savings Bank boards was reduced to eleven members. The responsibilities of chairman of the audit committee will be shared by directors Brian D. Dittenhafer and Stephen J. Szabatin as co-chairmen.The Company also announced its Board of Directors approved a change in the Company's fiscal year end from June 30 to December 31. The change will become effective at the end of the quarter ending December 31, 2009 with the filing of the Company's Form 10-K.About Investors Bancorp, Inc.Investors Bancorp, Inc. is the holding company for Investors Savings Bank, which operates from its corporate ...Click here to read the whole Article (external link)
INVESTORS BANCORP INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exh
Show all filings for INVESTORS BANCORP INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for INVESTORS BANCORP INC 27-Oct-2009Results of Operations and Financial Condition, Financial Statements and Exh Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information pro...Click here to read the whole Article (external link)
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