Investors Bancorp, Inc. (Nasdaq: ISBC), announced that it expects to report earnings for the fourth quarter ended December 31, 2020, on Wednesday, January 27, 2021 at approximately 5:00 p.m. Eastern Time (ET). A copy of the news release will be immediately available on its website, www.investorsbank.com.
Investors Bancorp, Inc. has announced the extinguishment of a $1 billion loan with an average rate of 2.01%. A portion of the debt was extinguished in October, as previously disclosed, while the remainder was extinguished on December 22, 2020. Investors Bancorp, Inc. (ISBC) is the holding company for Investors Bank and has approximately $26.6 billion in assets under management and 155 branches across New York and New Jersey. The early retirement of the loan has resulted in a $24 million pre-tax loss, which was partially offset by two sale leaseback transactions in the fourth quarter that generated pre-tax gains of approximately $23 million.
December 29, 2020 - Investors Bancorp, Inc. (NASDAQ: ISBC) ("Company") extinguished $1 billion in wholesale funding with an average rate of 2.01%. As previously disclosed, a portion of the wholesale funding was extinguished in October, while the remainder was extinguished on December 22, 2020.