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Investors Bancorp: 3Q Earnings Snapshot

·1 min read

SHORT HILLS, N.J. (AP) _ Investors Bancorp Inc. (ISBC) on Wednesday reported third-quarter profit of $64.3 million.

The Short Hills, New Jersey-based company said it had profit of 27 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.

The holding company for Investors Bank posted revenue of $260.6 million in the period. Its adjusted revenue was $201.5 million.

Investors Bancorp shares have decreased 34% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.81, a drop of 37% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ISBC at https://www.zacks.com/ap/ISBC