Investors Bancorp: 2Q Earnings Snapshot

By The Associated Press

Posted Jul 29, 2020 08:05:05 PM.

Last Updated Jul 29, 2020 08:10:33 PM.

This article is more than 5 years old.

SHORT HILLS, N.J. (AP) _ Investors Bancorp Inc. (ISBC) on Wednesday reported second-quarter profit of $42.6 million.

The Short Hills, New Jersey-based company said it had profit of 18 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.

The holding company for Investors Bank posted revenue of $256.4 million in the period. Its adjusted revenue was $192.1 million.

Investors Bancorp shares have fallen 26% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.77, a fall of 21% 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

The Associated Press

Submit a Correction

Accessibility Feedback

Top Stories

N.S. marks 81st anniversary of Battle of the Atlantic

Ceremonies in Nova Scotia on Sunday will commemorate the 81st anniversary of the longest continuous military engagement of the Second World War. The Battle of the Atlantic, fought from 1939 until 1945,...

9h ago

Weather advisory issued as more heavy rain expected in Halifax

Nova Scotia is expected to see significant rainfall and strong winds on Sunday. Environment Canada has issued a special weather statement, warning that between 25 and 40 mm of rain could fall in the...

9h ago

Rally held outside N.S. RCMP detachment to demand answers about two missing children

STELLARTON — Under a cloudless sky in central Nova Scotia, about 50 people gathered outside an RCMP detachment Saturday to demand answers about the disappearance of two young children exactly one year...

20h ago

A timeline of key events in the Nova Scotia missing kids investigation

Four-year-old Jack Sullivan and his six-year-old sister Lilly were reported missing from their home in Lansdowne Station, N.S., on May 2, 2025. Almost a year later, the investigation continues into their...

April 29, 2026 10:21 am AST AST

Top Stories

N.S. marks 81st anniversary of Battle of the Atlantic

Ceremonies in Nova Scotia on Sunday will commemorate the 81st anniversary of the longest continuous military engagement of the Second World War. The Battle of the Atlantic, fought from 1939 until 1945,...

9h ago

Weather advisory issued as more heavy rain expected in Halifax

Nova Scotia is expected to see significant rainfall and strong winds on Sunday. Environment Canada has issued a special weather statement, warning that between 25 and 40 mm of rain could fall in the...

9h ago

Rally held outside N.S. RCMP detachment to demand answers about two missing children

STELLARTON — Under a cloudless sky in central Nova Scotia, about 50 people gathered outside an RCMP detachment Saturday to demand answers about the disappearance of two young children exactly one year...

20h ago

A timeline of key events in the Nova Scotia missing kids investigation

Four-year-old Jack Sullivan and his six-year-old sister Lilly were reported missing from their home in Lansdowne Station, N.S., on May 2, 2025. Almost a year later, the investigation continues into their...

April 29, 2026 10:21 am AST AST

Most Watched Today

7:00

Fort McMurray marks 10 years after devastating wildfire

Sunday marks the 10th anniversary of the devastating Fort McMurray wildfire and the evacuation of the Northern Alberta city. Carly Robinson takes a look back and explains how the it changed how Canadians deal with disasters

4h ago

1:46

Ukraine confirms plans to reform army

With potential peace talks stalled between Ukraine and Russia President Zelensky released his plans for an army reform, Alessandra Carneiro reports.

18h ago

1:45

Thousands of U.S. troops to be withdrawn from air base in Germany

The pentagon confirms 5,000 troops would be pulled from the U.S. air base in Germany, Alessandra Carneiro reports

18h ago

2:42

Documentary-style video tracks hours-long electronic device usage by teens

As part of a new video dubbed 'The 5.2 Project,' producers followed three teens for an entire day to track how they use electronic devices. Nick Westoll has more on the video and some of the concerns from mental health experts about device usage.

18h ago

1:50

Fort McMurray marks 10 years since destructive wildfire

It has been a decade since a wildfire swept through Fort McMurray, prompting the largest fire evacuation in Alberta's history. Ten years on, the wildfire's effect continues to ripple, changing how those who lived through it look after each other.

May 1, 2026 6:48 pm AST AST