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

Earnings data Q3 2021

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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 -32.35% and 1.38%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Provident Financial (PFS) Misses Q1 Earnings Estimates

Shares of Provident Financial (NYSE:PFS) were unchanged in pre-market trading after the company reported Q1 results.

Provident Financial: Q1 Earnings Insights

Iselin, NJ, March  19, 2020  (GLOBE NEWSWIRE) -- Provident Bank, a leading New Jersey-based financial institution announced today that Carolyn Powell of Mendham, N.J. has joined the bank as Executive Vice President, Chief Human Resources Officer.  Ms. Powell will be based in the bank’s Iselin, N.J. administrative headquarters.

Powell Joins Provident Bank as EVP, Chief Human Resources Officer

ISELIN, N.J., March  12, 2020  (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (“Provident”) (NYSE: PFS), the parent company of Provident Bank, and SB One Bancorp (“SB One”) (NASDAQ: SBBX), the parent company of SB One Bank, today announced that they have entered into a definitive merger agreement under which Provident will acquire SB One.

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

Provident Financial Services, Inc.'s (PFS) CEO Chris Martin on Q4 2019 Results - Earnings Call Transcript

Provident Financial (PFS) delivered earnings and revenue surprises of -6.98% and 1.58%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Provident Financial (PFS) Misses Q4 Earnings Estimates

Provident Financial Services, Inc. (PFS) CEO Chris Martin on Q2 2019 Results - Earnings Call Transcript

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.

Earnings Preview: Provident Financial (PFS) Q3 Earnings Expected to Decline

Provident Financial Services' (PFS) CEO Chris Martin on Q2 2019 Results - Earnings Call Transcript

Provident Financial (PFS) delivered earnings and revenue surprises of -19.15% and 1.48%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Provident Financial (PFS) Misses Q2 Earnings Estimates

OceanFirst Financial

OCFC vs. PFS: Which Stock Is the Better Value Option?

OCFC vs. PFS: Which Stock Should Value Investors Buy Now?

Provident Financial Services' (PFS) CEO Chris Martin on Q1 2019 Results - Earnings Call Transcript

Provident Financial Services (PFS) is well positioned to gain on continued top-line growth and improving earnings performance.

News for Provident Financial Services Stock (PFS)