Investors Bancorp, Inc. and Diluted Earnings Per Share

diluted earnings per share: Kevin Cummings, President and CEO commented, "The second quarter of 2014 was historic for Investors as we completed our second step capital offering and raised net proceeds of $2.15 billion. This offering resulted in our capital increasing to approximately 20% which allows us to continue our journey to build a high performing commercial bank in our market area. We are excited about the opportunities ahead of us and we thank all of our existing and new shareholders for their confidence in our Company." , according to Market Watch. The Company announced today that the Board of Directors has declared a cash dividend of $0.04 per share to stockholders of record as of August 4, 2014, payable on August 18, 2014. N.J., July 24, 2014 /PRNewswire/ -- Investors Bancorp, Inc. /quotes/zigman/33489685/delayed /quotes/nls/isbc .28% "Company" , the holding company for Investors Bank "Bank" , reported net income of $15.2 million for the three months ended June 30, 2014 compared to net income of $28.1 million for the three months ended June 30, 2013. Net income for the six months ended June 30, 2014 was $49.6 million compared to net income of $55.2 million for the six months ended June 30, 2013. Basic and diluted earnings per share were $0.04 for the three months ended June 30, 2014 compared to $0.10 for the three months ended June 30, 2013. Basic and diluted earnings per share were $0.14 for the six months ended June 30, 2014 compared to $0.20 for the six months ended June 30, 2013. Net income for the 2014 periods include one-time expense items totaling $20.2 million, net of tax related to the Company second step capital offering. Excluding these one-time items, net income for the three and six months ended June 30, 2014 would have been $35.4 million and $69.9 million, respectively. Basic and diluted earnings per share for the three and six months ended June 30, 2014 would have been $0.10 and $0.20, respectively. With respect to the financial results, Mr. Cummings stated, "Excluding one-time items related to the second step capital offering, our earnings of $35.4 million were strong as we continue to grow and diversify our balance sheet." (news.financializer.com). As reported in the news.