Investors Bancorp (ISBC) Tops Q4 EPS by 2c

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Go back to Investors Bancorp (ISBC) Tops Q4 EPS by 2c

Investors Bancorp, Inc. Announces Fourth Quarter Financial Results and Cash Dividend

January 25, 2018 5:33 PM EST

SHORT HILLS, N.J., Jan. 25, 2018 /PRNewswire/ -- Investors Bancorp, Inc. (NASDAQ: ISBC) ("Company"), the holding company for Investors Bank ("Bank"), reported a net loss of $4.8 million, or $0.02 per share, for the three months ended December 31, 2017.  The net loss for the three months ended December 31, 2017 includes a $49.2 million increase to income tax expense related to the enactment of the Tax Cuts and Jobs Act ("Tax Act") in December 2017 and $5.9 million of severance benefits and branch closure costs resulting from our plan to reduce operating expenses announced in December 2017.  Adjusted for the aforementioned items,... More