ISBC on NASDAQ

Investors Bank

Bank in New Jersey, USA

Investors Bank was a publicly traded, full-service bank that was based in Short Hills, New Jersey, USA. The bank operated over 150 branches across New Jersey and New York. The bank operated from 1926 until 2022 as an independent entity, then was purchased by Citizens Financial Group.3 Its shares trade on NASDAQ under the symbol ISBC.1 It ceased to exist in 2023.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1926Founded1

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  • TickerISBC on NASDAQ1
  • Industryeconomics of banking, financial sector, financial services1
  • HeadquartersShort Hills1
  • Business address101 Jfk Parkway, Short Hills, Nj 070785
  • Filer categoryLarge accelerated filer5
  • Legal formSavings Bank4
  • LEI5493002VB77GOYB9O4024
  • StatusInactive4
  • LEI statusRetired4
  • Registered address101 John F Kennedy Pkwy, 07078 Short Hills, United States4
  • Registered withFederal Deposit Insurance Corporation, 288924

Investors Bank was a publicly traded, full-service bank that was based in Short Hills, New Jersey, USA. The bank operated over 150 branches across New Jersey and New York.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

975.7%Net margin7
24.2%Revenue growth, 20217
10.7%Return on equity7
$483.9MFree cash flow7

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Interest26¢$147.6M
  • Income tax20¢$115.1M
  • Profit54¢$313.3M

Out of $32.1M in revenue.7

Where each dollar of operating cash went, fiscal 2021

  • Capital spending2¢$10.9M
  • Dividends paid28¢$138.6M
  • Share buybacks2¢$12.1M
  • Kept or used elsewhere67¢$333.2M

Out of $494.8M of cash from operations.7

Financial statements

Revenue897$32.1M in 2021+80% since 2017
0$10.0M$20.0M$30.0M$40.0M2017: $17.8M$17.8M20172018: $21.7M$21.7M2018+22%2019: $25.3M$25.3M2019+17%2020: $25.9M$25.9M2020+2%2021: $32.1M$32.1M2021+24%
Net income1011897$313.3M in 2021+73% since 2015
0$100.0M$200.0M$300.0M$400.0M2015: $181.5M$181.5M20152016: $192.1M$192.1M2016+6%2017: $126.7M$126.7M2017−34%2018: $202.6M$202.6M2018+60%2019: $195.5M$195.5M2019−4%2020: $221.6M$221.6M2020+13%2021: $313.3M$313.3M2021+41%
Fiscal year2015201620172018201920202021
Revenue$17.8M8$21.7M9$25.3M7$25.9M7$32.1M7
Interest$136.6M10$153.3M11$201.9M8$288.4M9$385.1M7$255.2M7$147.6M7
Income before tax$428.4M7
Income tax$99.4M10$106.9M11$153.8M8$67.8M9$91.2M7$75.0M7$115.1M7
Net income$181.5M10$192.1M11$126.7M8$202.6M9$195.5M7$221.6M7$313.3M7
Earnings per share$0.5510$0.6511$0.448$0.729$0.757$0.947$1.337
Earnings per share (diluted)$0.5510$0.6411$0.438$0.729$0.747$0.947$1.337
Shares (weighted, basic)235.3M shares7
Shares (weighted, diluted)236.4M shares7

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Corporate structure

Investors Bank sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Investors Bank

  • Investors Bank Short Hills, New Jersey, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Investors Bank reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$288.5M7 Dec 31, 2021$297.3M7 Dec 31, 2020−2.9%
Accumulated depreciation$159.3M7 Dec 31, 2021$157.6M7 Dec 31, 2020+1.0%
Property and equipment, net$129.3M7 Dec 31, 2021$139.7M7 Dec 31, 2020−7.4%
Finance-lease assets$798.0K7 Dec 31, 2021$2.3M9 Dec 31, 2020−65.3%
Operating-lease assets (leased space)$199.6M7 Dec 31, 2021$200.0M7 Dec 31, 2020−0.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$288.0M7 Dec 31, 2021$170.4M7 Dec 31, 2020+69.0%
Debt securities available for sale$2.8B9 Dec 31, 2020$2.7B9 Dec 31, 2019+2.3%
Equity securities at fair value$8.2M7 Dec 31, 2021$36.0M7 Dec 31, 2020−77.2%
Loans, net of allowance$22.3B7 Dec 31, 2021$20.6B7 Dec 31, 2020+8.6%
Deposits held (banks)$20.8B7 Dec 31, 2021$19.5B7 Dec 31, 2020+6.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$116.2M7 Dec 31, 2021$94.5M7 Dec 31, 2020+22.9%
Finite-lived intangibles, gross$42.2M7 Dec 31, 2021$41.8M7 Dec 31, 2020+1.0%
Accumulated amortization$26.4M7 Dec 31, 2021$25.7M7 Dec 31, 2020+2.7%
Finite-lived intangibles, net$15.8M7 Dec 31, 2021$15.1M7 Dec 31, 2020+4.4%

The story

In 1926, the bank was incorporated as the Washington Rock Building and Loan Association. Sixteen years later, its name changed to Investors Savings and Loan Association. Through mergers, acquisitions, and internal expansion, the bank grew and eventually changed its name to Investors Savings Bank.

In 1997, Investors changed from a New Jersey-chartered mutual savings bank to a New Jersey-chartered stock savings bank, and reorganized as a two-tiered holding company. The bank became a wholly owned subsidiary of Investors Bancorp, Inc., a Delaware-chartered, mid-tier stock holding company, and Investors Bancorp Inc. became a wholly owned subsidiary of Investors Bancorp MHC.

In 2005, Investors Bancorp Inc. became a partially public company, trading common stock on the NASDAQ. In 2011, the bank rebranded itself and changed its name to Investors Bank. On May 8, 2014, Investors Bancorp became a fully public company.

Investors Bank was acquired by Citizens Financial Group in 2022. By February 28, 2023, all Investors locations were rebranded as Citizens Bank.

From Wikipedia’s article on Investors Bank, shared under CC BY-SA 4.0.6

Leadership

Who has led Investors Bank, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (39)

Acquisitions

Sources:

1942: Millburn Building and Loan Association

1943: Connecticut Farms Building and Loan Association, Battle Hill Building and Loan Association

1947: Brick Church Savings and Loan Association

Read the full text

1958: Lyons Farms Building and Loan Association

1963: Divident Hill Savings and Loan Association

1969: Plainfield Savings and Loan Association

1973: Camptown Savings and Loan Association

1977: Supreme Savings and Loan Association

1991: East Jersey Savings Bank

1995: five Carteret Federal Savings Bank branches

2008: Summit Federal Savings Bank

2009: American Bank of New Jersey, six Banco Popular branches in New Jersey

2010: seventeen Millennium BCP Bank branches (entire US operations; four branches were later sold by Investors Bank)

2012: Brooklyn Federal Savings Bank, Marathon Bank

2013: Roma Bank, RomAsia Bank

2014: GCF Bank

2019: Gold Coast Bank

2021: eight New Jersey and eastern Pennsylvania branches of Berkshire Bank

From Wikipedia’s article on Investors Bank, shared under CC BY-SA 4.0.6

Former names

  • New Investors Bancorp, Inc.Dec 10, 2013 to May 6, 20145

Timeline

  1. Feb 28, 2023Dissolved Dissolved1
  2. Apr 7, 20228-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights59
  3. Apr 4, 20228-K Other events60
  4. Mar 25, 20228-K Other events61
  5. Jan 26, 20228-K Results of operations; Regulation FD disclosure62
  6. Nov 19, 20218-K Shareholder vote; Other events63
  7. Nov 15, 20218-K Other events64
  8. Oct 27, 20218-K Results of operations; Regulation FD disclosure65
  9. Nov 24, 2008New chief executive Kevin Cummings becomes CEO14
  10. Nov 22, 2006New chief executive Robert M. Cashill becomes CEO15
  11. Oct 12, 2005Went public Listed on NASDAQ1
  12. 1926Founded Founded1

Calendar

When it reported results

  1. Jan 26, 2022Reported quarterly or annual results62
  2. Oct 27, 2021Reported quarterly or annual results65

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

45 filings to the SEC since October 2021: 2 annual reports, 1 quarterly reports, 7 major events, 23 insider forms, 9 large holders, 3 other. The latest 20:

  1. Feb 14, 2023SC 13G/A EDGAR
  2. Apr 19, 202215-12B EDGAR
  3. Apr 14, 2022SC 13G EDGAR
  4. Apr 7, 20224 EDGAR
  5. Apr 7, 20224 EDGAR
  6. Apr 7, 20224 EDGAR
  7. Apr 7, 20224 EDGAR
  8. Apr 7, 20224 EDGAR
  9. Apr 7, 20224 EDGAR
  10. Apr 7, 20224 EDGAR
  11. Apr 7, 20224 EDGAR
  12. Apr 7, 20224 EDGAR
  13. Apr 7, 20224 EDGAR
  14. Apr 7, 20224 EDGAR
  15. Apr 7, 20224 EDGAR
  16. Apr 7, 20224 EDGAR
  17. Apr 7, 20224 EDGAR
  18. Apr 7, 20228-K EDGAR
  19. Apr 5, 202210-K/A EDGAR
  20. Apr 4, 20228-K EDGAR

The 45 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

6 open-market trades by officers, directors and large owners since October 2021: 0 buys and 6 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 3, 2022Burke P. SeanEVP and CFOSale100,000$16.21$1.6MForm 4
Feb 16, 2022SPENGLER RICHARDSenior EVPSale300,000$17.41$5.2MForm 4
Feb 10, 2022Burke P. SeanEVP and CFOSale100,000$17.24$1.7MForm 4
Feb 3, 2022Kalamaras PaulSenior EVPSale21,360$16.86$360.1KForm 4
Feb 1, 2022Kalamaras PaulSenior EVPSale478,640$16.66$8.0MForm 4
Nov 24, 2021Burke P. SeanEVP and CFOSale100,946$16.21$1.6MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Investors Bank is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARInvestors Bancorp, Inc.2
  • CIK0001594012
  • Employer ID (EIN)46-47021182
  • Filer statusLarge accelerated filer2
  • Fiscal year endsDecember 312
  • Industry code (SIC)6022 State Commercial Banks2
  • Business address101 Jfk Parkway, Short Hills, NJ 070782
  • Phone(973) 924-51002
  • Shares outstanding249,158,823 as of Mar 22, 202271
  • Public float$3.2B as of Jun 30, 202171
  • On EDGAR sinceDec 10, 20132
  • Filings458 in all: 4 (182), 8-K (88), SC 13G/A (32), 10-Q (24), 3 (21), 4/A (17), DEFA14A (9), SC 13G (9)2
    All 39 form types

    10-K (8), 11-K (8), DEF 14A (7), 424B3 (6), 425 (6), SC 13D/A (5), EFFECT (3), SE (3), UPLOAD (3), CORRESP (2), S-1/A (2), S-4 (2), S-4/A (2), S-8 (2), 10-K/A (1), 15-12B (1), 25-NSE (1), 424B1 (1), 8-A12B (1), 8-K/A (1), DEFM14A (1), FWP (1), NO ACT (1), NT 11-K (1), POS AM (1), POS EX (1), RW (1), S-1 (1), S-3ASR (1), S-3D (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Mar 1, 2022
    Quarterly report (10-Q) Nov 5, 2021
    Proxy statement (DEF 14A) Apr 15, 2021
    Latest 8-K (8-K) Apr 7, 2022

Sources

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