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Investors Bancorp, Inc. (ISBC) CEO Kevin Cummings on Q1 2021 Results - Earnings Call Transcript

May 01, 2021 12:26 PM ETCitizens Financial Group, Inc. (CFG)
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Investors Bancorp, Inc. (ISBC) Q1 2021 Earnings Conference Call April 29, 2021 11:00 AM ET

Company Participants

Kevin Cummings - Chairman & CEO

Sean Burke - CFO

Domenick Cama - President & COO

Conference Call Participants

Jared Shaw - Wells Fargo Securities

Mark Fitzgibbon - Piper Sandler

Steven Duong - RBC Capital Markets

Michael Perito - KBW

Laurie Hunsicker - Compass Point

Matthew Breese - Stephens


Good morning, and welcome to the Investors Bancorp's First Quarter Earnings Call. [Operator Instructions] Please note this event is being recorded. We'll begin this morning's call with the company's standard forward-looking statement disclosure. On this call, representatives of Investors Bancorp, Inc. may make some forward-looking statements with respect to its financial position, results of operations and business. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond Investors Bancorp's control, are difficult to predict and which can cause actual results to materially differ from those expressed or forecast in these forward-looking statements.

In last night's press release, the company included its safe harbor disclosure and refers you to that statement. That document is incorporated into this presentation. For a more complete discussion of the certain risks and uncertainties affecting Investors Bancorp, please see the sections entitled Risk Factors, Management Discussion and Analysis of Financial Conditions and Results of Operations set forth in Investors Bancorp's filings under the SEC. And now I'd like to turn the call over to Kevin Cummings, Chairman and Chief Executive Officer of Investors Bancorp. Please go ahead.

Kevin Cummings

Okay. Thank you, Betsy. Good morning, and welcome to the Investors Bancorp First Quarter Earnings Call for 2021. Last night, the company reported in its press release, net income of $72.3 million or $0.31 per diluted share for the quarter ended March 31, 2021. This compares to $75.1 million

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