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Investors Bancorp meets 1Q profit forecasts

SHORT HILLS, N.J. (AP) _ Investors Bancorp Inc. (ISBC) on Thursday reported first-quarter earnings of $46 million.

The Short Hills, New Jersey-based company said it had profit of 16 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 16 cents per share.

The holding company for Investors Bank posted revenue of $219.8 million in the period. Its adjusted revenue was $176.8 million.

Investors Bancorp shares have risen 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.53, an increase of 23 percent in the last 12 months.


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


Keywords: Investors Bancorp, Earnings Report