Roma Financial Corporation Announces Operating Results for the First Quarter 2013

Roma Financial Corporation Announces Operating Results for the First Quarter
2013

ROBBINSVILLE, N.J., May 3, 2013 (GLOBE NEWSWIRE) -- Roma Financial Corporation
(Nasdaq:ROMA) (the "Company"), the holding company of Roma Bank and RomAsia
Bank, today announced its financial condition and results of operations for
the three months ended March 31, 2013.

At March 31, 2013, the Company's consolidated assets were $1.77 billion,
compared to $1.81 billion at December 31, 2012, and $1.9 billion at March 31,
2012. Deposits of $1.45 billion reflected decreases of 2.2% compared to those
at December 31, 2012. Stockholders' equity increased to $217.5 million at year
end, compared to $215.6 million at December 31, 2012.

"We are pleased to report a significant increase in earnings this quarter
compared to the last quarter of 2012. The Company's consolidated net income
for the current quarter was $1.38 million compared to $0.6 million, in the
fourth quarter of 2013 and in line with the earnings reported for the first
quarter of 2012. Net income on a per share basis of $0.05 per diluted share
was the same as reported for the comparable prior year quarter and an increase
of $0.12 per diluted share compared to the negative $0.07 per diluted share
for the fourth quarter of 2012," stated Peter A. Inverso, President and CEO.
"Net income in the fourth quarter of 2012 was negatively impacted by $2.0
million of merger related expense," added Inverso.

"Earnings in the current quarter benefited from improving credit quality. A
reduction in the level of non-performing assets (non-performing loans and
properties acquired in foreclosures) and loan quality stability negated the
necessity for a consolidated loan loss provision. Provisions in the fourth and
first quarters of 2012 were approximately $1.3 million in each quarter. The
ratio of non-accrual loans to total loans declined 33 basis points to 4.10 %
from 4.43% from December 31, 2012 to March 31, 2013, the lowest level since
the acquisition of Sterling Banks in 2010. While we are encouraged by strides
made in improving credit quality, more needs to be done. We are still
challenged by compression in net interest income; costs of maintaining
reacquired properties; compliance with the regulatory agreement; and resources
being devoted in transition planning for the merger," said Inverso. 

In closing, Inverso commented, "The Company's balance sheet remains strong. As
previously cited, the reduction in deposits has been tactically driven as one
facet of our goal to reduce excess liquidity and improve our interest rate
risk by lowering rates on our deposit products. As measured by current
regulatory standards we remain well capitalized.We look forward to the
consummation of our merger with Investors Bancorp."

Roma Financial Corporation is the holding company of Roma Bank, a community
bank headquartered in Robbinsville, New Jersey, and RomAsia Bank headquartered
in South Brunswick, New Jersey.Roma Bank has been serving families,
businesses and the communities of Central New Jersey for over 91 years with a
complete line of financial products and services.Roma Bank has branch
locations in Mercer, Burlington, Camden and Ocean counties in New
Jersey.Visit Roma online at www.romabank.com, or RomAsia Bank at
www.romasiabank.com. RomAsia Bank has two branch locations in Middlesex
County, New Jersey.

Forward Looking Statements

The foregoing material contains forward-looking statements concerning the
Company.We caution that such statements are subject to a number of
uncertainties and readers should not place undue reliance on any
forward-looking statements.The Company does not undertake, and specifically
disclaims, any obligation to publicly release the results of any revisions
that may be made to any forward-looking statements to reflect the occurrence
of anticipated or unanticipated events or circumstances after the date of such
statements.

Investors Bancorp, Inc. has filed with the SEC a registration statement on
Form S-4 containing a Joint Proxy Statement/Prospectus and other documents
regarding the proposed transaction.Investors and Roma Financial stockholders
and investors are urged to read the Joint Proxy Statement/Prospectus which was
mailed to Roma Financial holders of record on or about April 29, 2013, because
it contains important information about Investors and Roma Financial and the
proposed transaction.

Copies of the joint proxy statement/prospectus also may be obtained free of
charge at the SEC's web site at http://www.sec.gov, or by directing a request
to Investors Bancorp, Inc., Attention: Corporate Secretary, 101 JFK Parkway
Short Hills, New Jersey 07078, or on its website at www.myinvestorsbank.com,
or to Roma Financial Corporation, Attention: Corporate Secretary, 2300 Route
33, Robbinsville, New Jersey 08691 or on its website at
www.romabank.com.Copies of other documents filed by Investors or Roma
Financial with the SEC may also be obtained free of charge at the SEC's
website or by directing a request to Investors or Roma Financial at the
address provided above.

Investors Bancorp, Inc. and Roma Financial Corporation and certain of their
directors and executive officers may be deemed to be participants in the
solicitation of proxies from the stockholders of Investors and Roma Financial
in connection with the proposed merger. Information about the directors and
executive officers of Investors and Roma Financial is set forth in the Joint
Proxy Statement/Prospectus, dated April 29, 2013 for Roma Financial's 2013
annual meeting of stockholders, as filed with the SEC on Schedule
14A.Additional information regarding the interests of such participants and
other persons who may be deemed participants in the transaction may be
obtained by reading the Joint Proxy Statement/Prospectus included in the Form
S-4. This press release does not constitute an offer to sell or the
solicitation of an offer to sell or the solicitation of an offer to buy any
securities.

CONTACT: Peter A. Inverso, President & CEO, 609 223-8310
 
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