Investors Bancorp (ISBC) Reports Q1 EPS of $0.17
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Investors Bancorp, Inc. Announces First Quarter Financial Results and Cash Dividend; Launched COVID-19 Support Programs for Employees, Customers and Communities
April 29, 2020 5:40 PM EDTSHORT HILLS, N.J., April 29, 2020 /PRNewswire/ -- Investors Bancorp, Inc. (NASDAQ: ISBC) ("Company"), the holding company for Investors Bank ("Bank"), reported net income of $39.5 million, or $0.17 per diluted share, for the three months ended March 31, 2020 as compared to $48.7 million, or $0.19 per diluted share, for the three months ended December 31, 2019 and $48.2 million, or $0.18 per diluted share, for the three months ended March 31, 2019.
Net income for the three months ended March 31, 2020 was impacted by a provision for credit losses of $31.2 million under the Current Expected Credit Losses ("CECL") accounting standard effective January 1,... More
