Investors Bancorp, Inc. ISBC Income Statement

Investors bancorp, inc. (ISBC)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Interest and dividend income:
Loans receivable and loans held-for-sale
911,730	912,091	905,652	890,434	874,763	854,595	837,046	821,599	802,699	783,938	767,834	745,999	729,030	715,901	697,629	687,611	677,204	663,424	649,323	632,504	616,520	603,438	582,838	557,627	530,732	504,622	0	0	0
Securities:
Equity
139	143	142	138	136	134	131	129	126	139	159	178	195	198	197	173	150	123	99	98	95	115	109	103	101	61	0	0	0
Government-sponsored enterprise obligations
1,252	1,212	1,143	1,066	1,072	1,080	1,088	997	752	486	219	52	33	36	39	42	45	45	44	45	45	46	42	31	20	9	0	0	0
Mortgage-backed securities
94,087	95,133	93,118	88,764	84,514	80,906	78,294	76,499	74,140	70,827	67,443	64,267	61,823	60,211	59,303	58,821	57,376	55,096	52,747	50,280	47,887	44,183	39,530	34,949	30,593	28,057	0	0	0
Municipal bonds and other debt
12,347	11,494	14,197	13,626	13,324	13,060	9,634	9,248	8,952	10,762	10,098	9,908	9,829	7,713	7,826	7,322	6,289	5,929	5,677	5,481	6,005	5,667	5,613	5,680	5,595	5,873	0	0	0
Other Investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Interest-bearing deposits
3,110	2,805	2,859	2,715	2,515	2,435	2,546	2,744	2,512	2,164	1,247	448	345	342	355	347	300	225	297	299	546	552	387	337	74	49	0	0	0
Federal Home Loan Bank stock
17,436	17,341	17,149	16,989	16,742	16,206	15,573	14,834	13,975	13,367	12,446	11,204	10,253	9,120	8,230	7,786	7,307	6,881	6,488	6,129	6,298	6,861	7,296	7,427	7,144	6,397	0	0	0
Total interest and dividend income
1,040,101	1,040,219	1,034,260	1,013,732	993,066	968,416	944,312	926,050	903,156	881,683	859,446	832,056	811,508	793,521	773,579	762,102	748,671	731,723	714,675	694,836	677,396	660,862	635,815	606,154	574,259	545,068	0	0	0
Interest expense:
Deposits
249,614	261,857	259,501	243,452	217,691	188,645	164,089	144,466	127,735	113,543	100,238	88,264	83,516	82,057	81,941	80,279	76,120	71,414	67,072	62,897	60,853	59,206	56,547	53,788	51,653	49,969	0	0	0
Borrowed funds
124,809	123,289	119,155	112,202	105,164	99,754	94,822	92,198	90,280	88,364	85,411	81,300	75,251	71,279	69,347	67,864	67,345	65,225	63,163	60,928	59,321	59,685	59,218	59,737	60,031	59,673	0	0	0
Total interest expense
374,423	385,146	378,656	355,654	322,855	288,399	258,911	236,664	218,015	201,907	185,649	169,564	158,767	153,336	151,288	148,143	143,465	136,639	130,235	123,825	120,174	118,891	115,765	113,525	111,684	109,642	0	0	0
Net interest income
665,678	655,073	655,604	658,078	670,211	680,017	685,401	689,386	685,141	679,776	673,797	662,492	652,741	640,185	622,291	613,959	605,206	595,084	584,440	571,011	557,222	541,971	520,050	492,629	462,575	435,426	0	0	0
Provision for credit losses
27,226	-1,000	1,000	5,500	12,500	12,000	13,000	12,750	14,750	16,250	16,500	19,750	18,750	19,750	20,000	20,000	22,000	26,000	32,500	36,500	37,500	37,500	35,250	40,000	45,750	50,500	0	0	0
Net interest income after provision for credit losses
638,452	656,073	654,604	652,578	657,711	668,017	672,401	676,636	670,391	663,526	657,297	642,742	633,991	620,435	602,291	593,959	583,206	569,084	551,940	534,511	519,722	504,471	484,800	452,629	416,825	384,926	0	0	0
Non-interest income
Fees and service charges
24,295	23,604	22,733	22,443	22,019	22,142	21,554	21,124	20,856	20,326	19,189	18,221	17,896	17,148	17,095	17,334	17,275	17,119	17,018	17,844	18,591	19,399	19,804	19,634	19,235	18,804	0	0	0
Income on bank owned life insurance
6,361	6,542	6,450	6,214	6,217	5,926	5,341	4,680	4,303	3,742	3,982	4,053	3,888	4,423	4,254	4,197	4,171	3,948	4,016	4,699	4,758	4,652	4,313	3,375	3,072	2,898	0	0	0
Gain on loans, net
6,758	5,345	3,873	2,672	2,320	2,144	1,661	1,909	2,452	3,187	4,196	4,871	5,342	4,787	4,840	5,577	7,004	7,786	7,953	6,671	4,830	5,257	5,211	6,581	7,320	8,748	0	0	0
Gain on securities, net
-5,398	-5,536	-38,325	-38,258	-31,494	-31,604	1,198	1,101	2	1,275	1,275	1,347	2,939	3,100	3,119	3,980	2,382	1,036	1,895	991	1,057	1,546	734	720	619	772	0	0	0
Gain on sale of other real estate owned, net
1,661	1,145	1,436	1,091	994	923	70	503	570	591	1,034	623	503	96	424	1,219	1,326	1,631	1,215	655	750	809	1,497	1,453	1,652	1,451	0	0	0
Other income
23,202	22,313	15,994	13,506	12,109	10,550	9,270	7,885	6,861	6,516	6,247	6,933	7,629	7,647	7,665	7,876	8,141	8,605	9,201	9,004	8,466	10,198	8,858	8,273	7,503	4,875	0	0	0
Total non-interest income
56,879	53,413	12,161	7,668	12,165	10,081	39,094	37,202	35,044	35,637	35,923	36,048	38,197	37,201	37,397	40,183	40,299	40,125	41,298	39,864	38,452	41,861	39,440	39,059	38,424	36,571	0	0	0
Non-interest expense
Compensation and fringe benefits
243,176	243,782	241,244	236,920	237,865	235,928	238,109	235,882	228,964	227,177	216,430	212,429	212,155	206,698	207,095	203,068	194,805	186,320	176,602	167,715	175,584	172,068	171,459	162,914	138,757	128,765	0	0	0
Advertising and promotional expense
12,644	13,893	14,819	15,054	14,579	13,054	12,578	13,704	14,413	14,411	13,960	11,100	9,035	8,644	8,096	9,861	10,147	10,988	11,770	11,556	12,204	12,238	11,368	10,345	9,357	8,602	0	0	0
Office occupancy and equipment expense
63,776	63,996	64,389	63,838	63,132	63,539	64,186	63,624	63,240	61,509	58,377	57,887	57,257	56,220	55,079	53,836	52,129	50,865	50,043	49,227	49,463	49,668	47,223	45,569	42,748	39,226	0	0	0
Federal deposit insurance premiums
14,301	13,200	13,700	15,335	16,560	17,760	18,460	18,025	17,400	16,610	15,493	14,593	13,493	12,183	11,050	9,650	9,250	9,050	9,640	10,190	11,790	14,390	15,450	16,500	16,100	14,950	0	0	0
General and administrative
2,272	2,222	2,289	2,311	2,312	2,328	2,465	2,647	2,796	3,030	2,991	2,941	3,048	3,131	3,400	4,501	4,338	4,372	4,282	3,479	3,876	4,238	4,286	4,213	4,021	3,395	0	0	0
Professional fees
18,351	17,308	15,908	13,476	13,816	15,278	20,493	25,055	35,834	38,853	35,752	33,285	23,512	20,104	19,004	17,211	16,846	16,104	14,580	14,821	14,153	14,672	14,954	13,622	12,212	11,154	0	0	0
Data processing and communication
31,780	31,987	31,480	30,222	29,686	27,810	27,190	25,819	24,627	24,364	22,714	22,294	21,342	21,043	21,413	22,093	22,477	22,366	22,422	22,824	24,619	25,333	26,744	25,057	22,352	19,844	0	0	0
Contribution to charitable foundation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-
Other operating expenses
35,603	36,366	34,325	34,068	32,054	31,983	31,450	31,661	32,827	32,620	32,394	31,706	31,134	30,541	30,083	29,523	28,578	28,267	27,250	27,440	27,881	27,253	26,311	23,822	21,238	19,775	0	0	0
Total non-interest expenses
421,903	422,754	418,154	411,224	410,004	407,680	414,931	416,417	420,101	418,574	398,111	386,235	370,976	358,564	355,220	349,743	338,570	328,332	316,589	307,252	339,570	339,860	337,795	322,042	266,785	245,711	0	0	0
Total before tax
0	-	0	0	0	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income tax expense
-	-	-	-	-	-	-	-	-	-	-	-	301,212	299,072	284,468	284,399	284,935	280,877	276,649	267,123	218,604	206,472	186,445	169,646	188,464	175,786	0	0	0
Income tax expense
86,590	91,248	68,527	66,686	67,063	67,842	132,072	141,308	146,685	153,845	111,145	104,586	107,736	106,947	100,407	101,394	100,708	99,372	96,470	96,697	79,354	74,751	70,293	63,254	69,182	63,755	0	0	0
Net Income (Loss) Attributable to Parent
186,838	195,484	180,084	182,336	192,809	202,576	164,492	156,113	138,649	126,744	183,964	187,969	193,476	192,125	184,061	183,005	184,227	181,505	180,179	170,426	139,250	131,721	116,152	106,392	119,282	112,031	0	0	0
Basic earnings per share (usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.14	0.12	-	-	-	-	-	-	-	-
Earnings Per Share, Basic
0.17	-	0.20	0.18	0.18	-	0.19	0.20	0.20	-	0.16	0.14	0.16	-	0.17	0.15	0.14	-	0.15	-	-	-	0.11	0.04	0.10	-	0.11	0.10	0.10
Earnings Per Share, Diluted
0.17	0.18	0.20	0.18	0.18	0.13	0.19	0.20	0.20	-0.03	0.16	0.14	0.16	0.18	0.17	0.15	0.14	-	0.15	-	-	-	0.11	0.04	-	-	0.11	-	0.10
Weighted average shares outstanding
Weighted Average Number of Shares Outstanding, Basic
233,262	256,431	261,678	263,035	267,664	274,756	280,755	284,502	287,685	288,707	289,715	291,127	291,185	290,738	292,000	298,417	309,166	317,473	324,065	333,277	344,237	345,664	343,493	344,455	343,943	294,462	275,229	274,712	274,124
Weighted Average Number of Shares Outstanding, Diluted
233,632	256,518	261,812	263,477	268,269	275,129	281,172	285,733	289,131	290,437	290,890	293,130	293,407	294,241	294,673	301,952	312,951	320,616	327,193	336,452	347,470	348,055	346,773	347,980	348,116	298,329	278,861	277,842	277,109