Investors Bancorp, Inc. ISBC Income Statement

Investors bancorp, inc. (ISBC)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12
Interest and dividend income:
Loans receivable and loans held-for-sale
912,091	854,595	783,938	715,901	663,424	603,438	504,622	455,221
Securities:
Equity
143	134	139	198	123	115	61	17
Government-sponsored enterprise obligations
1,212	1,080	486	36	45	46	9	15
Mortgage-backed securities
95,133	80,906	70,827	60,211	55,096	44,183	28,057	30,167
Municipal bonds and other debt
11,494	13,060	10,762	7,713	5,929	5,667	5,873	5,174
Interest-bearing deposits
2,805	2,435	2,164	342	225	552	49	40
Federal Home Loan Bank stock
17,341	16,206	13,367	9,120	6,881	6,861	6,397	5,555
Total interest and dividend income
1,040,219	968,416	881,683	793,521	731,723	660,862	545,068	496,189
Interest expense:
Deposits
261,857	188,645	113,543	82,057	71,414	59,206	49,969	63,582
Borrowed funds
123,289	99,754	88,364	71,279	65,225	59,685	59,673	59,862
Total interest expense
385,146	288,399	201,907	153,336	136,639	118,891	109,642	123,444
Net interest income
655,073	680,017	679,776	640,185	595,084	541,971	435,426	372,745
Provision for credit losses
-1,000	12,000	16,250	19,750	26,000	37,500	50,500	65,000
Net interest income after provision for credit losses
656,073	668,017	663,526	620,435	569,084	504,471	384,926	307,745
Non-interest income
Fees and service charges
23,604	22,142	20,326	17,148	17,119	19,399	18,804	16,564
Income on bank owned life insurance
6,542	5,926	3,742	4,423	3,948	4,652	2,898	2,778
Gain on loans, net
5,345	2,144	3,187	4,787	7,786	5,257	8,748	20,866
Gain on securities, net
-5,536	-31,604	1,275	3,100	1,036	1,546	772	274
Impairment losses on investment securities
-	-	-	-	-	-	939	0
Non-credit related gains recognized in comprehensive income
-	-	-	-	-	-	38	0
Net impairment losses on investment securities recognized in earnings
-	-	-	-	-	-	977	0
Gain on sale of other real estate owned, net
1,145	923	591	96	1,631	809	1,451	-180
Other income
22,313	10,550	6,516	7,647	8,605	10,198	4,875	3,810
Total non-interest income
53,413	10,081	35,637	37,201	40,125	41,861	36,571	44,112
Non-interest expense
Compensation and fringe benefits
243,782	235,928	227,177	206,698	186,320	172,068	128,765	109,197
Advertising and promotional expense
13,893	13,054	14,411	8,644	10,988	12,238	8,602	6,854
Office occupancy and equipment expense
63,996	63,539	61,509	56,220	50,865	49,668	39,226	33,558
Federal deposit insurance premiums
13,200	17,760	16,610	12,183	9,050	14,390	14,950	10,770
General and administrative
2,222	2,328	3,030	3,131	4,372	4,238	3,395	2,852
Professional fees
17,308	15,278	38,853	20,104	16,104	14,672	11,154	9,487
Data processing and communication
31,987	27,810	24,364	21,043	22,366	25,333	19,844	17,405
Contribution to charitable foundation
-	-	-	-	-	20,000	0	0
Other operating expenses
36,366	31,983	32,620	30,541	28,267	27,253	19,775	16,884
Total non-interest expenses
422,754	407,680	418,574	358,564	328,332	339,860	245,711	207,007
Income before income tax expense
286,732	270,418	280,589	299,072	280,877	206,472	175,786	144,850
Income tax expense
91,248	67,842	153,845	106,947	99,372	74,751	63,755	56,083
Net Income (Loss) Attributable to Parent
195,484	202,576	126,744	192,125	181,505	131,721	112,031	88,767
Basic earnings per share (usd per share)
0.75	0.72	0.44	0.65	0.55	0.38	0.40	-
Earnings Per Share, Basic
-	-	-	-	-	-	-	0.32
Earnings Per Share, Diluted
0.74	0.72	0.43	0.64	0.55	0.38	-	-
Weighted average shares outstanding
Weighted Average Number of Shares Outstanding, Basic
262,202	281,925	290,183	297,580	329,763	344,389	279,632	273,797
Weighted Average Number of Shares Outstanding, Diluted
262,519	282,791	291,966	300,954	332,933	347,731	283,035	275,633