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.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

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.

Provident Financial (PFS) delivered earnings and revenue surprises of 8.89% and 3.64%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Provident Financial (PFS) Q3 Earnings and Revenues Beat Estimates

ISELIN, N.J., Oct. 29, 2021 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) reported net income of $37.3 million, or $0.49 per basic and diluted share, for the three months ended September 30, 2021, compared to net income of $27.1 million, or $0.37 per basic and diluted share, for the three months ended September 30, 2020. For the nine months ended September 30, 2021, the Company reported net income of $130.6 million, or $1.71 per basic and $1.70 per diluted share, compared to net income of $56.4 million, or $0.84 per basic and diluted share, for the same period last year.

Provident Financial Services, Inc. Announces Third Quarter Earnings and Declares Increased Quarterly Cash Dividend

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Dividend Stock Purchase: Lanny's August 2021 Summary

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In August, my wife and I received a total of $1,307.71 of dividend income. We crossed one thousand dollars again in an off-month. Another strong month of dividend income, and the 4-digit mark is becoming more and more consistent. Despite the pandemic from COVID-19, dividend income continues to grow, due primarily to additional investment and reinvestment. During the month of August, my wife and I actually invested over $4,500+ into dividend-producing stocks!

Dividend Income Summary: Lanny's August 2021 Summary

Provident Financial Services' second quarter results were strong. Management anticipates stronger originations in the second half of 2021.

Provident Financial Services: Momentum After A Strong Second Quarter

MacDougall to serve as General Counsel of Provident Bank, Beacon Trust Company and Deputy General Counsel of Provident Financial Services, Inc. MacDougall to serve as General Counsel of Provident Bank, Beacon Trust Company and Deputy General Counsel of Provident Financial Services, Inc.

Provident Bank names new SVP, General Counsel

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Dividend Stock Purchase: Lanny's July 2021 Summary

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The Zacks savings and loan industry is benefiting from U.S. housing market momentum, recovery in consumer spending and loan growth. Companies like New York Community (NYCB), Provident Financial (PFS) and West Bancorporation (WTBA) are frontrunners.

3 Top Stocks to Buy From the Prospering Savings & Loan Industry

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Dividend Stock Watch List: Lanny's August 2021 Edition

Provident Financial Services' (PFS) CEO Chris Martin on Q2 2021 Results - Earnings Call Transcript

Provident Financial (PFS) delivered earnings and revenue surprises of 28.89% and 1.69%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Provident Financial (PFS) Surpasses Q2 Earnings and Revenue Estimates

Shares of Provident Finl Services (NYSE:PFS) decreased 0.8% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 163.64% year over year to $0.58, which beat the estimate of $0.45.

Recap: Provident Financial Services Q2 Earnings

ISELIN, N.J., July 30, 2021 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) reported net income of $44.8 million, or $0.58 per basic and diluted share, for the three months ended June 30, 2021, compared to net income of $14.3 million, or $0.22 per basic and diluted share, for the three months ended June 30, 2020. For the six months ended June 30, 2021, the Company reported net income of $93.3 million, or $1.22 per basic and diluted share, compared to net income of $29.2 million, or $0.45 per basic and diluted share, for the same period last year.

Provident Financial Services, Inc. Announces Second Quarter Earnings and Declares Quarterly Cash Dividend

Provident Financial (PFS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Provident Financial (PFS) Earnings Expected to Grow: Should You Buy?

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Post-pandemic, consumers still prefer ease and convenience of digital banking Post-pandemic, consumers still prefer ease and convenience of digital banking

Provident Bank Study Shows Digital Banking Still the Banking Method of Choice by Consumers

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Provident Bolsters HR Team with Key Hires

Does Provident Financial (PFS) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes Provident Financial (PFS) a Strong Momentum Stock: Buy Now?

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Provident Financial Services, Inc.'s (PFS) CEO Christopher Martin on Q1 2021 Results - Earnings Call Transcript

Provident Financial (PFS) delivered earnings and revenue surprises of 50.00% and 3.95%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Provident Financial (PFS) Q1 Earnings and Revenues Top Estimates

Shares of Provident Finl Services (NYSE:PFS) rose 0.1% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 173.91% year over year to $0.63, which beat the estimate of ($0.56).

Recap: Provident Financial Services Q1 Earnings

Provident Financial (NYSE:PFS) will be releasing its next round of earnings this Friday, April 30. For all of the relevant information, here is your guide for Friday's Q1 earnings announcement.

A Preview Of Provident Financial's Earnings

Provident Financial Services (PFS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

News for Provident Financial Services Stock (PFS)