Investors Bancorp, Inc. (ISBC) Financial Statements (2024 and earlier)

Company Profile

Business Address 101 JFK PARKWAY
SHORT HILLS, NJ 07078
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 677,968780,094199,000206,432566,452741,424
Cash and cash equivalents 670,295770,396173,273170,432557,749735,234
Short-term investments 7,6739,69825,72736,0008,7036,190
Total current assets: 677,968780,094199,000206,432566,452741,424
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 1,2001,6002,0002,3002,7003,100
Operating lease, right-of-use asset 203,522200,425195,130199,981171,781172,432
Property, plant and equipment 132,259134,579136,893139,663164,220165,609
Intangible assets, net (including goodwill) 133,237109,222110,180109,633110,068109,178
Goodwill 116,22894,53594,53594,53594,53594,535
Intangible assets, net (excluding goodwill) 17,00914,68715,64515,09815,53314,643
Deferred income tax assets 109,588115,946101,993116,805116,347106,885
Total noncurrent assets: 579,806561,772546,196568,382565,116557,204
Other undisclosed assets 26,060,02025,460,24525,077,69325,248,34525,475,40925,895,520
TOTAL ASSETS: 27,317,79426,802,11125,822,88926,023,15926,606,97727,194,148
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    448,514  
Total current liabilities:    448,514  
Noncurrent Liabilities
Liabilities, other than long-term debt    5,500  
Qualified affordable housing project investments, commitment    5,500  
Total noncurrent liabilities:    5,500  
Other undisclosed liabilities 24,465,23523,988,08423,052,33722,859,14223,937,22024,571,248
Total liabilities: 24,465,23523,988,08423,052,33723,313,15623,937,22024,571,248
Equity
Equity, attributable to parent 2,852,5592,814,0272,770,5522,710,0032,669,7572,622,900
Common stock 3,6193,6193,6193,6193,6193,619
Treasury stock, value (1,379,014)(1,380,042)(1,378,858)(1,375,996)(1,355,459)(1,355,626)
Additional paid in capital 2,867,0572,864,5592,860,0452,858,6632,854,8442,851,306
Accumulated other comprehensive loss (22,268)(22,366)(16,507)(40,016)(51,068)(59,236)
Retained earnings 1,454,3091,422,0291,376,7741,339,0031,293,8401,259,605
Unearned esop shares (71,144)(73,772)(74,521)(75,270)(76,019)(76,768)
Total equity: 2,852,5592,814,0272,770,5522,710,0032,669,7572,622,900
TOTAL LIABILITIES AND EQUITY: 27,317,79426,802,11125,822,88926,023,15926,606,97727,194,148

Income Statement (P&L) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues211,457211,561198,811230,247215,454218,027
Net investment income 211,457211,561198,811214,021215,454218,027
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
    2,682(8,336)(33,278)
Gross profit: 211,457211,561198,811232,929207,118184,749
Operating expenses (3,817)(2,942)(2,608)(3,100)(2,895)(2,792)
Other operating income, net
(Noninterest Income, Other Operating Income)
 8,4475,0837,64210,1846,8703,645
Operating income: 216,087213,702203,845240,013211,093185,602
Nonoperating income 1,5421,5272,0291,8492,2001,507
Bank owned life insurance income 1,5081,5521,9521,5792,0671,596
Interest and debt expense (46,802)(37,141)(39,809)(73,184)(59,079)(64,227)
Income from continuing operations before equity method investments, income taxes: 170,827178,088166,065168,678154,214122,882
Other undisclosed loss from continuing operations before income taxes (79,284)(69,052)(66,716)(74,277)(65,062)(64,053)
Income from continuing operations before income taxes: 91,543109,03699,34994,40189,15258,829
Income tax expense (24,609)(29,229)(27,074)(19,256)(24,840)(16,218)
Income from continuing operations: 66,93479,80772,27575,14564,31242,611
Income before gain (loss) on sale of properties:66,93479,80772,27575,14564,31242,611
Net income available to common stockholders, diluted: 66,93479,80772,27575,14564,31242,611

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income: 66,93479,80772,27575,14564,31242,611
Comprehensive income: 66,93479,80772,27575,14564,31242,611
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 98(5,859)23,50911,0528,168(7,850)
Comprehensive income, net of tax, attributable to parent: 67,03273,94895,78486,19772,48034,761

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: