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Investors Bancorp: 2Q Earnings Snapshot

July 24, 2019

SHORT HILLS, N.J. (AP) _ Investors Bancorp Inc. (ISBC) on Wednesday reported second-quarter earnings of $46.6 million.

On a per-share basis, the Short Hills, New Jersey-based company said it had profit of 18 cents.

The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 18 cents per share.

The holding company for Investors Bank posted revenue of $266 million in the period. Its adjusted revenue was $166.1 million, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $176.2 million.

Investors Bancorp shares have risen nearly 10% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.43, a decline of 10% 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 ISBC at https://www.zacks.com/ap/ISBC

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