Long-term investors and short-term traders many times have very opposing views on how capital should be allocated in their portfolios. Whereas the long-term investor is all about adding as much capital to the account as possible (through own funds or dividend re-investment) in order to get compounding going in high...
Individual Trader on Seeking Alpha | September 9, 2020
On this call, representatives of Investors Bancorp, Inc. may make some forward-looking statements with respect to its financial position, results of operation and business. For a more complete discussion of certain risks and uncertainties affecting Investors Bancorp, please see the section entitled Risk Factors, Management Discussions and Analyst of Financial Condition and Results of Operations set forth in Investors Bancorp's filings with the SEC. Now I'd like to turn the call over to Mr. Kevin Cummings, Chairman and CEO of Investors Bancorp.
Investors Bancorp, Inc. (NASDAQ: ISBC) ("Company"), the holding company for Investors Bank ("Bank"), reported net income of $42.6 million, or $0.18 per diluted share, for the three months ended June 30, 2020 as compared to $39.5 million, or $0.17 per diluted share, for the three months ended March 31, 2020 and $46.6 million, or $0.18 per diluted share, for the three months ended June 30, 2019.