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 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.

Broomall, PA, April 06, 2021 (GLOBE NEWSWIRE) -- GAP, the Golf Association of Philadelphia, announced today a corporate partnership with Provident Bank, a leading New Jersey-based financial institution. Provident Bank, which has a more than a 180-year history of commitment to customers, employees and communities, will become the Official Bank of GAP and the presenting sponsor of the Joseph H. Patterson Memorial Cup. The Patterson Cup is the second oldest championship in GAP at 119 years old. It serves as the Association's stroke-play championship. The Patterson Cup is set for Aug. 4-5 at Manufacturers' Golf & Country Club in Ft. Washington, Pa. In addition, as a corporate partner, Provident Bank will receive several marketing and promotional assets, as well as access to VIP hospitality experiences.

GAP (GOLF ASSOCIATION OF PHILADEPHIA) ANNOUNCES CORPORATE PARTNERSHIP WITH PROVIDENT BANK

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Senior Executives Across New Jersey and Pennsylvania Expect Business Growth and Hiring This Year Senior Executives Across New Jersey and Pennsylvania Expect Business Growth and Hiring This Year

Business Leaders Report Positive Economic Outlook in New Provident Bank Survey

Provident Financial Services, Inc. (PFS) CEO Chris Martin on Q4 2020 Results - Earnings Call Transcript

Provident Financial (PFS) delivered earnings and revenue surprises of 51.43% and 3.27%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Provident Financial (PFS) Tops Q4 Earnings and Revenue Estimates

ISELIN, N.J., Jan. 29, 2021 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) reported net income of $40.6 million, or $0.53 per basic and diluted share for the quarter ended December 31, 2020, compared to net income of $26.0 million, or $0.40 per basic and diluted share for the quarter ended December 31, 2019. For the year ended December 31, 2020, the Company reported net income of $97.0 million, or $1.39 per basic and diluted share, compared to net income of $112.6 million, or $1.74 per basic and diluted share for 2019.

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

ISELIN, N.J., Jan. 04, 2021 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE: PFS) announced that it expects to release financial results for the quarter and year ended December 31, 2020 on Friday, January 29, 2021 at approximately 8:00 a.m. (ET). A copy of the earnings release will be immediately available on the Company's website, www.Provident.Bank, by going to Investor Relations and clicking on Press Releases.

Provident Financial Services, Inc. Schedules Fourth Quarter and Year-Ended Earnings Conference Call

Iselin, New Jersey, Dec. 03, 2020 (GLOBE NEWSWIRE) -- Provident Bank, a leading New Jersey-based financial institution, announced today a number of key leadership appointments following the completion of its merger with SB One Bank. The appointments leverage the talents and expertise of several executives, while creating synergies within the newly combined company.

Provident Strengthens Retail Banking Leadership Team with Key Appointments

Provident Financial (PFS) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Why Provident Financial (PFS) Stock Might be a Great Pick

Loan loss provisions and crimped margins are the major metrics driving earnings right now. The bank made a sizable acquisition which is helping to grow loans and deposits.

Provident Financial Services: Quality At A Discount

Provident Financial Services, Inc. (PFS) CEO Chris Martin on Q3 2020 Results - Earnings Call Transcript

Provident Financial Services, Inc.'s (PFS) CEO Christopher Martin on Q3 2020 Results - Earnings Call Transcript

Provident Financial (PFS) delivered earnings and revenue surprises of 48.00% and 6.44%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Provident Financial (PFS) Beats Q3 Earnings and Revenue Estimates

ISELIN, N.J., Oct. 30, 2020 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) reported net income of $27.1 million, or $0.37 per basic and diluted share, for the three months ended September 30, 2020, compared to net income of $31.4 million, or $0.49 per basic and diluted share, for the three months ended September 30, 2019.  For the nine months ended September 30, 2020, the Company reported net income of $56.4 million, or $0.84 per basic and diluted share, compared to net income of $86.7 million, or $1.34 per basic and diluted share, for the same period last year. 

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

ISELIN, NEW JERSEY, Aug.  20, 2020  (GLOBE NEWSWIRE) -- Provident Bank, a leading New Jersey-based financial institution, announced today a number of key leadership appointments following the completion of its merger with SB One Bank. The appointments leverage the talents and experience of several executives, while creating synergies within the newly combined company. 

Provident Strengthens Leadership Team with Key Appointments

ISELIN, N.J., Aug.  03, 2020  (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE: PFS) (“Provident”), the parent company of Provident Bank, announced today that the acquisition of SB One Bancorp (Nasdaq: SBBX) (“SB One”) and its subsidiary, SB One Bank, closed effective July 31, 2020.

Provident Financial Services, Inc. Completes Merger with SB One Bancorp

Provident Financial Services, Inc. (PFS) CEO Chris Martin on Q2 2020 Results - Earnings Call Transcript

Provident Financial (PFS) delivered earnings and revenue surprises of 57.14% and -2.63%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Provident Financial (PFS) Q2 Earnings Top Estimates

NEW YORK, June 24, 2020 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Provident Financial Services, Inc. ("Provident" or the "Company") (NYSE: PFS). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext....

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Provident Financial Services, Inc. - PFS

ISELIN, N.J. and PARAMUS, N.J., June  24, 2020  (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:  PFS) (“Provident”), the parent company of Provident Bank, and SB One Bancorp (NASDAQ:  SBBX) (“SB One”), the parent company of SB One Bank, announced today the receipt of approval by the SB One shareholders in connection with the proposed merger of SB One with and into Provident (the “Merger”).  

Provident Financial Services, Inc. and SB One Bancorp Announce the Receipt of SB One Bancorp Shareholder Approval and the Anticipated Closing Date in Connection with Proposed Merger

ISELIN, N.J. and PARAMUS, N.J., May  29, 2020  (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:  PFS) (“Provident”), the parent company of Provident Bank, and SB One Bancorp, Inc. (NASDAQ:  SBBX) (“SB One”), the parent company of SB One Bank, announced today the receipt of the Federal Deposit Insurance Corporation and the New Jersey Department of Banking and Insurance approvals in connection with the proposed merger of SB One with and into Provident (the “Merger”).  

Provident Financial Services, Inc. and SB One Bancorp Announce the Receipt of FDIC and New Jersey Approvals in Connection with Proposed Merger

Provident Financial Services, Inc. (PFS) CEO Chris Martin on Q1 2020 Results - Earnings Call Transcript

Provident Financial (PFS) delivered earnings and revenue surprises of -32.35% and 1.38%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

News for Provident Financial Services Stock (PFS)