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Investors Bancorp (ISBC)

Investors Bancorp, Inc. is the holding company for Investors Bank, which as of December 31, 2020 operated from its corporate headquarters in Short Hills, New Jersey and 156 branches located throughout New Jersey and New York.

Company profile

Ticker
ISBC
Exchange
Website
CEO
Kevin Cummings
Employees
Location
Fiscal year end
Industry (SIC)
Former names
New Investors Bancorp, Inc.
SEC CIK
Subsidiaries
Investors Financial Services, Inc. • My Way Development LLC • Investors Financial Group, Inc. • Investors Investment Corp. • Investors Commercial, Inc. • Investors Real Estate Corporation • Investors Financial Group • MNBNY Holdings Inc. • Marathon Realty Investors Inc. ...

ISBC stock data

Calendar

5 Apr 22
1 Oct 22
31 Dec 22
Quarter (USD) Dec 21 Sep 21 Jun 21 Mar 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 287.99M 287.99M 287.99M 287.99M 287.99M 287.99M
Cash burn (monthly) 127.44M (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 1.15B n/a n/a n/a n/a n/a
Cash remaining -860.62M n/a n/a n/a n/a n/a
Runway (months of cash) -6.8 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
6 Apr 22 Dennis M Bone Common Stock Other Dispose J No No 0 155,674 0 0
6 Apr 22 Paul Stathoulopoulos Common Stock Other Dispose J No No 0 215,430 0 0
6 Apr 22 Michele N Siekerka Common Stock Other Dispose J Yes No 0 1,000 0 0
6 Apr 22 Michele N Siekerka Common Stock Other Dispose J Yes No 0 1,000 0 0
6 Apr 22 Michele N Siekerka Common Stock Other Dispose J Yes No 0 20,552 0 0
6 Apr 22 Michele N Siekerka Common Stock Other Dispose J No No 0 150,147 0 0
6 Apr 22 Cummings Kevin Common Stock Other Dispose J Yes No 0 50,375 0 0
6 Apr 22 Cummings Kevin Common Stock Other Dispose J Yes No 0 79,925 0 0
6 Apr 22 Cummings Kevin Common Stock Other Dispose J Yes No 0 14,359 0 0
6 Apr 22 Cummings Kevin Common Stock Other Dispose J No No 0 1,522,384 0 0
0.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 4 250 -98.4%
Opened positions 1 28 -96.4%
Closed positions 247 38 +550.0%
Increased positions 0 87 EXIT
Reduced positions 1 96 -99.0%
13F shares Current Prev Q Change
Total value 186K 2.76B -100.0%
Total shares 11.69K 184.8M -100.0%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Captrust Financial Advisors 10.11K $151K 0.0%
Thrivent Trust Co of Tennessee 1.55K $23K NEW
IFP Advisors 32 $12K 0.0%
Huntington National Bank 1 $0 -99.9%
Ics Opportunities 0 $0
Largest transactions Shares Bought/sold Change
BLK Blackrock 0 -35.72M EXIT
Vanguard 0 -25.01M EXIT
STT State Street 0 -14.43M EXIT
Dimensional Fund Advisors 0 -11.71M EXIT
Fuller & Thaler Asset Management 0 -9.82M EXIT
MS Morgan Stanley 0 -5.82M EXIT
Healthcare Of Ontario Pension Plan Trust Fund 0 -4.25M EXIT
Geode Capital Management 0 -4.09M EXIT
JPM JPMorgan Chase & Co. 0 -3.79M EXIT
CNH Partners 0 -3.68M EXIT

Financial report summary

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Risks
  • There is no assurance when or even if the Merger will be completed.
  • Regulatory approvals may not be received, may take longer than expected, or may impose conditions that are not presently anticipated or that could have an adverse effect on the combined company following the Merger.
  • Failure to complete the Merger could negatively impact the Company’s stock price, business and financial results.
  • Combining the Company and Citizens may be more difficult, costly or time consuming than expected and the Company and Citizens may fail to realize the anticipated benefits of the Merger.
  • The Company’s shareholders will have significantly reduced ownership and voting interests after the Merger and will exercise less influence over management of the combined organization.
  • The Company will be subject to business uncertainties and contractual restrictions while the Merger is pending.
  • The combined company may be unable to retain the Company’s or Citizens’ personnel successfully after the Merger is completed.
  • The economic impact of the COVID-19 pandemic may continue to have an adverse impact on our business and results of operations.
  • A worsening of national or local economic conditions could adversely affect our financial condition and results of operations.
  • Increases in short-term interest rates and other changes in interest rates could have a material adverse effect on our results of operations, financial condition, cash flows and capital.
  • Our inability to achieve profitability on new branches may negatively affect our earnings.
  • Strong competition within our market area may limit our growth and profitability.
  • Severe weather, acts of terrorism, public health issues, geopolitical and other external events could impact our ability to conduct business.
  • If our allowance for credit losses is not sufficient to cover actual losses, our earnings could decrease.
  • Because we intend to continue to increase our commercial originations, our credit risk will increase.
  • Our C&I loan portfolio is unseasoned. It is difficult to judge the future performance of unseasoned loans.
  • We continue to expand our commercial lending efforts and footprint, which may expose us to increased lending risks and may have a negative effect on our results of operations.
  • Public funds deposits are an important source of funds for us and a reduced level of those deposits may hurt our profits and liquidity position.
  • FHLB funds are an important source of funding for the Company and reduced available capacity may have an adverse impact on our liquidity, results of operations and financial condition.
  • We operate in a highly regulated environment and may be adversely affected by changes in laws and regulations.
  • If the bank regulators impose limitations on our commercial real estate lending activities, our earnings, dividend paying capacity and/or ability to repurchase shares could be adversely affected.
  • Any future increase in FDIC insurance premiums will adversely impact our earnings.
  • Capital requirements for financial institutions have increased in recent years, which may adversely impact our return on equity, or constrain us from paying dividends or repurchasing shares.
  • The current Administration could cause changes to tax laws and regulations.
  • We will be required to transition from the use of LIBOR in the future.
  • We may not be able to continue to grow our business, which may adversely impact our results of operations.
  • We could be required to repurchase mortgage loans or indemnify mortgage loan purchasers due to breaches of representations and warranties, borrower fraud, or certain borrower defaults, which could have an adverse impact on our liquidity, results of operations and financial condition.
  • We may incur impairments to goodwill.
  • Growing by acquisition entails integration and certain other risks.
  • Future acquisition activity could dilute book value.
  • We currently utilize incentive-based payment arrangements with our employees as compensation practices. Potential regulatory changes to this practice could have an impact on our current practices and impact our results of operations.
  • We may eliminate dividends on our common stock.
  • We could be adversely affected by failure in our internal controls.
  • Our recruitment efforts may not be sufficient to implement our business strategy and execute successful operations.
  • Our failure to effectively deploy capital may have an adverse effect on our financial performance.
  • A failure in or breach of our operational or security systems or infrastructure, or those of third parties, could disrupt our businesses, and adversely impact our results of operations, liquidity and financial condition, as well as cause reputational harm.
  • A cyber attack, information or security breach, or a technology failure of ours or of a third-party could adversely affect our ability to conduct our business or manage our exposure to risk, result in the disclosure or misuse of confidential or proprietary information, increase our costs to maintain and update our operational and security systems and infrastructure, and adversely impact our results of operations, liquidity and financial condition, as well as cause reputational harm.
  • We rely on third-party providers and other suppliers for a number of services that are important to our business. An interruption or cessation of an important service by any third-party could have a material adverse effect on our business.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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