Provident Financial Services

Provident Financial Services, Inc. is a holding company, which engages in the provision of banking services to individual and corporate customers in Northern and Central New Jersey and Eastern Pennsylvania. The company was founded on January 15, 2003 and is headquartered in Jersey City, NJ.

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Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Provident Financial Services reports record earnings and eyes stable growth

PFS delivered strong financial performance in Q4 2022, driven by record income and solid metrics.
While facing challenges like increased deposit costs and declining fee income, the company is well-positioned for growth.
Opportunities lie in stabilizing margins, managing expenses efficiently, and maintaining asset quality.
Investors can be optimistic about PFS's strategic moves and financial stability.

Provident Financial Services reports solid Q1 earnings amidst industry disruptions

Provident Financial Services navigated industry disruptions well, reporting strong financial performance and growth.
While facing challenges like deposit outflows, the company's focus on prudent practices and growth opportunities remain key.
The merger with Lakeland Bancorp and strong fee-based business growth present avenues for future expansion.
Analyst inquiries into key financial metrics indicate a cautious optimism and strategic planning for the future.

Provident Financial Services reports solid Q2 earnings amidst funding challenges

Provident Financial Services delivered solid financial performance in Q2 2023, supported by strong core ROA and capital levels.
While facing funding challenges and margin pressure, the company remains focused on growth opportunities and merger progress.
Strategic expense management and a commitment to shareholder returns are key priorities for sustainable performance.

Provident Financial Services reports solid Q3 earnings amidst growth opportunities

Provident Financial Services delivered solid financial performance with strong earnings and operational metrics, supported by a robust capital position and revenue diversification.
While facing challenges such as margin compression and regulatory approval delays, the company remains focused on responsible growth and enhancing shareholder value.
Opportunities lie in leveraging the merger, expanding fee-based businesses, and optimizing operations to drive sustainable growth and navigate evolving market conditions.

Provident Financial Services reports solid Q4 earnings amidst industry challenges

PFS navigated Q4 with resilience, reporting solid earnings and growth in key business segments.
While facing challenges like rising deposit costs and industry-wide funding issues, the company remains focused on efficiency and risk management.
Opportunities for growth through deposit expansion, pricing strategies, and the pending merger with Lakeland Bancorp are on the horizon.
Overall, PFS's performance and strategic focus position it well for sustainable growth and value creation in 2024.

Provident Financial Services reports strong Q1 earnings post-merger

Provident Financial Services (PFS) delivered a solid performance in Q1 2024, driven by strong commercial lending and fee-based business growth.
The completion of the merger with Lakeland Bancorp and focus on operational synergies position the company for future success.
Challenges in net interest margin and tax rates need attention, while opportunities lie in optimizing business lines and capital post-merger.
Overall, Provident Financial Services (PFS) shows promise for growth and improved financial performance in the coming quarters.

Provident Financial Services reports Q2 loss, eyes merger benefits

Provident Financial Services navigated Q2 2024 with resilience, despite reporting a net loss driven by merger-related costs.
The company showcased strong capital ratios, robust commercial lending activity, and maintained solid credit quality.
While challenges exist in integration and margin targets, opportunities from the merger and fee-based business growth are promising.
Strategic focus on stakeholder value and operational efficiency will be key for sustained performance in the second half of 2024.

Provident Financial Services reports strong Q3 earnings and growth opportunities

Provident Financial Services (PFS) delivered strong financial performance in Q3 2024, supported by robust metrics and revenue growth.
While facing challenges in loan growth and expense management, the company remains focused on stability and efficiency.
Opportunities for margin expansion, loan growth, and revenue enhancement present avenues for future growth and profitability.
Overall, management's emphasis on stability, growth opportunities, and positive financial outlook sets a promising trajectory for Provident Financial Services.

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Provident Financial Services, Inc. is a holding company, which engages in the provision of banking services to individual and corporate customers in Northern and Central New Jersey and Eastern Pennsylvania. The company was founded in 1839 and is headquartered in Jersey City, NJ.

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Investing in dividend stocks allows you to earn dividend income, the best passive income stream. As I stated in my December 2022 post, 2022 finished off down, ending up below 3,900! The market was down 20% for 2022.

Dividend Income Summary: Lanny's February 2023 Summary

Want a Financial Services investment with common-stock liquidity? This may provide some of those attributes. This analysis has been supported by those in the Institutional Investing community who have the resources and intensity to set market stock prices, and the professional market-making community's perspective.

Provident Financial: Today's Best Nearby Local Bank Cap-Gain Prospect

ISELIN, NJ. and OAK RIDGE, NJ., Feb. 01, 2023 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE: PFS) (“Provident”), the parent company of Provident Bank, and Lakeland Bancorp, Inc. (Nasdaq: LBAI) (“Lakeland”), the parent company of Lakeland Bank, today announced the receipt of their respective stockholder and shareholder approvals in connection with the proposed merger of Lakeland with and into Provident.

Provident Financial Services, Inc. and Lakeland Bancorp, Inc. Announce the Receipt of Shareholder Approvals in Connection with Proposed Merger

Provident Financial Services, Inc. (NYSE:PFS ) Q4 2022 Earnings Conference Call January 27, 2022 10:00 AM ET Company Participants Adriano Duarte - Head of Investor Relations Tony Labozzetta - President & Chief Executive Officer Tom Lyons - Senior Executive Vice President & Chief Financial Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler Bill Young - RBC Capital Markets Michael Perito - KBW Operator Hello and welcome to today's Provident Financial Services, Inc. Fourth Quarter Earnings Conference Call. My name is Bailey [ph] and I'll be the moderator for today's call.

Provident Financial Services, Inc. (PFS) Q4 2022 Earnings Call Transcript

Provident Financial (PFS) delivered earnings and revenue surprises of 6.45% and 0.28%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Provident Financial (PFS) Q4 Earnings Top Estimates

ISELIN, N.J., Jan. 27, 2023 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) reported net income of $49.0 million, or $0.66 per basic and diluted share for the three months ended December 31, 2022, compared to $43.4 million, or $0.58 per basic and diluted share, for the three months ended September 30, 2022 and $37.3 million, or $0.49 per basic and diluted share, for the three months ended December 31, 2021. For the year ended December 31, 2022, net income totaled $175.6 million, or $2.35 per basic and diluted share, compared to $167.9 million, or $2.20 per basic share and $2.19 per diluted share, for the year ended December 31, 2021. For the three months and year ended December 31, 2022, earnings were impacted by $1.2 million and $4.1 million, respectively, of non-tax deductible transaction costs related to the pending merger with Lakeland Bancorp, Inc. (“Lakeland”) that was announced on September 27, 2022.

Provident Financial Services, Inc. Announces Record Fourth Quarter and Full Year Earnings, Declaration of Quarterly Cash Dividend and Annual Meeting Date

Bank strengthens efforts to continue enhancing the digital experience for its customers Bank strengthens efforts to continue enhancing the digital experience for its customers

Provident Welcomes Scott Hurlbert as Digital Channels Director

Lakeland Bancorp

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NEW YORK , Dec. 6, 2022 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Brigham Minerals, Inc. (NYSE: MNRL)'s  merger with Sitio Royalties Corp. Under the terms of the merger agreement, Brigham shareholders will receive a fixed exchange ratio of 1.133 shares of common stock in the combined company for each share of Brigham common stock owned on the closing date. Upon completion of the transaction, Brigham shareholders will own approximately 46.0% of the combined entity on a fully diluted basis.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates MNRL, PFS, LBAI

NEW ORLEANS--( BUSINESS WIRE )--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Lakeland Bancorp, Inc. (NasdaqGS: LBAI) to Provident Financial Services, Inc. (NYSE: PFS). Under the terms of the proposed transaction, shareholders of Lakeland will receive 0.8319 shares of Provident for each share of Lakeland that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

LAKELAND BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Lakeland Bancorp, Inc. - LBAI

Provident Financial Services, Inc. remains strong with decent revenue growth and stable margins. Its efficiency continues to improve in line with its goal to reduce the cost-to-income ratio.

Provident Financial Services Provides Optimism Amidst Pessimism In The Market

The independent insurance agency, serving communities in New Jersey, New York, and Pennsylvania, was chosen out of 2,600 nominees as an industry leader The independent insurance agency, serving communities in New Jersey, New York, and Pennsylvania, was chosen out of 2,600 nominees as an industry leader

Provident Protection Plus Included in the Big “I” and Reagan Consulting 2022 Best Practices Study

Provident Financial Services, Inc. (NYSE:PFS ) Q3 2022 Earnings Conference Call October 28, 2022 10:00 AM ET Company Participants Adriano Duarte - Head, IR Tony Labozzetta - President and CEO Tom Lyons - Senior EVP and CFO Conference Call Participants Billy Young - RBC Mark Fitzgibbon - Piper Sandler Michael Perito - KBW Operator Good morning. Thank you for attending today's Provident Financial Services, Inc. Third Quarter Earnings Conference Call.

Provident Financial Services, Inc. (PFS) Q3 2022 Results - Earnings Call Transcript

Provident Financial (PFS) delivered earnings and revenue surprises of 0% and 9.56%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Provident Financial (PFS) Q3 Earnings Meet Estimates

The consensus price target hints at a 27.1% upside potential for Provident Financial (PFS). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Think Provident Financial (PFS) Could Surge 27%: Read This Before Placing a Bet

57% of professionals surveyed said their company has instated a work from home or hybrid work option to retain or attract talent 57% of professionals surveyed said their company has instated a work from home or hybrid work option to retain or attract talent

National Survey Finds Nearly 75% of U.S. Businesses Have Been Affected by the Labor Shortage

After losing some value lately, a hammer chart pattern has been formed for Provident Financial (PFS), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Here's Why Provident Financial (PFS) Is a Great 'Buy the Bottom' Stock Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Provident Financial (PFS) have what it takes?

Why Provident Financial (PFS) is a Great Dividend Stock Right Now

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NEW YORK , Sept. 28, 2022 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Aerie Pharmaceuticals, Inc. (NASDAQ: AERI)'s  sale to Alcon for $15.25 per share.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates AERI, ECOM, PFS, LBAI

NEW YORK , Sept. 27, 2022 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Lakeland Bancorp, Inc. (NASDAQ: LBAI) and its board of directors concerning the proposed acquisition of the company by Provident Financial Services, Inc. (NYSE: PFS).

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Lakeland Bancorp, Inc.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Provident Financial Services, Inc. (NYSE: PFS) with Lakeland Bancorp, Inc. is fair to Provident shareholders. Under the terms of the merger, Lakeland shareholders will receive 0.8319 shares of Provident common stock for each share of Lakeland common stock they own. Upon closing, Provident shareholders are expected to own 58% of the combined company. Halper Sadeh encourages Provident

PFS Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Provident Financial Services, Inc. Is Fair to Shareholders

Provident Financial Services Inc. said Tuesday it inked a $1.3 billion, all-stock deal to combine with Lakeland Bancorp Inc. in a tie-up of two New Jersey banks bulking up ahead of an expected economic downturn.

Provident Financial to combine with Lakeland Bancorp in Garden State banking tie-up

Provident Financial Services Inc. PFS, -0.56% and announced Tuesday and agreement to acquire Lakeland Bancorp Inc. LBAI, -0.55% in a stock deal valued at $1.3 billion. Provident's stock was indicated down nearly 1% in premarket trading, while Lakeland shares were halted for news until 7:45 a.m.

Provident Financial to buy Lakeland Bancorp for an 18% premium in a $1.3 billion stock deal

Creates top-tier New Jersey / Tri-State area super-community bank with significant scale

News for Provident Financial Services Stock (PFS)