Investors Bancorp, Inc. (ISBC) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments296206181203618164149
Cash and cash equivalents288170175197618164149
Short-term investments83666   
Total current assets:296206181203618164149
Noncurrent Assets
Finance lease, right-of-use asset12 
Operating lease, right-of-use asset200200175
Property, plant and equipment129140170177180177173
Intangible assets, net (including goodwill)132110989998102105
Goodwill116958383787878
Intangible assets, net (excluding goodwill)16151517202428
Deferred income tax assets8711764
Total noncurrent assets:549568507276278279278
Other undisclosed assets26,96225,24826,01125,75024,23322,73120,462
TOTAL ASSETS:27,80726,02326,69926,22925,12923,17520,889
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt449449448250130155156
Total current liabilities:449449448250130155156
Noncurrent Liabilities
Liabilities, other than long-term debt1269    
Qualified affordable housing project investments, commitment1269    
Total noncurrent liabilities:1269    
Other undisclosed liabilities24,40822,85923,62022,97421,87319,89717,421
Total liabilities:24,86823,31324,07723,22422,00420,05117,577
Stockholders' equity
Stockholders' equity attributable to parent2,9382,7102,6223,0053,1253,1233,312
Common stock4444444
Treasury stock, value(1,375)(1,376)(1,353)(885)(633)(588)(295)
Additional paid in capital2,8722,8592,8222,8052,7842,7662,786
Accumulated other comprehensive loss(6)(40)(19)(12)(29)(25)(28)
Retained earnings1,5141,3391,2461,1741,0841,054936
Unearned esop shares(70)(75)(78)(81)(84)(87)(90)
Total stockholders' equity:2,9382,7102,6223,0053,1253,1233,312
TOTAL LIABILITIES AND EQUITY:27,80726,02326,69926,22925,12923,17520,889

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues844889920859808736682
Net investment income837873915857786716664
Cost of revenue (70) (12)(16)(20)(26)
Provision for loan, lease, and other losses (70) (12)
Financial services costs(16)(20)(26)
Gross profit:844819920847791717656
Operating expenses(14)(12)(16)(15)(17)(12)(291)
Other operating income, net
(Noninterest Income, Other Operating Income)
28252211789
Operating income:858832926842781713373
Nonoperating income7887456
Gains on sales of other real estate0111102
Bank owned life insurance income7776444
Interest and debt expense(158)(279)(385)(288)(202)(153)(137)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (262)(290)(302)(265)39
Income from continuing operations before equity method investments, income taxes:707561287270281299281
Other undisclosed loss from continuing operations before income taxes(278)(264)     
Income from continuing operations before income taxes:428297287270281299281
Income tax expense(115)(75)(91)(68)(154)(107)(99)
Net income available to common stockholders, diluted:313222195203127192182

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:313222195203127192182
Other comprehensive income (loss)    515(2)
Comprehensive income:313222195203132207179
Other undisclosed comprehensive income (loss), net of tax, attributable to parent34(21)(7)18(10)(12)(3)
Comprehensive income, net of tax, attributable to parent:347200188221122195176

Statements sources

The financial statements are based on the company's filings with the 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.

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