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Provident Financial Services Q1 2023 Earnings Report

Provident Financial Services logo
$20.19 -0.47 (-2.27%)
(As of 12/17/2024 ET)

Provident Financial Services EPS Results

Actual EPS
$0.54
Consensus EPS
$0.59
Beat/Miss
Missed by -$0.05
One Year Ago EPS
$0.58

Provident Financial Services Revenue Results

Actual Revenue
$130.48 million
Expected Revenue
$132.22 million
Beat/Miss
Missed by -$1.74 million
YoY Revenue Growth
+13.80%

Provident Financial Services Announcement Details

Quarter
Q1 2023
Time
After Market Closes

Conference Call Resources

Conference Call Audio

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Provident Financial Services Earnings Headlines

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About Provident Financial Services

Provident Financial Services (NYSE:PFS) operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States. Its deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products. The company's loan portfolio comprises commercial real estate loans that are secured by properties, such as multi-family apartment buildings, office buildings, retail and industrial properties, and office buildings; commercial business loans; fixed-rate and adjustable-rate mortgage loans collateralized by one- to four-family residential real estate properties; commercial construction loans; and consumer loans consisting of home equity loans, home equity lines of credit, personal loans and unsecured lines of credit, and auto and recreational vehicle loans. It also offers cash management, remote deposit capture, payroll origination, escrow account management, and online and mobile banking services; and business credit cards. In addition, the company provides wealth management services comprising investment management, trust and estate administration, financial planning, and tax compliance and planning. Further, it sells insurance and investment products, including annuities; operates as a real estate investment trust for acquiring mortgage loans and other real estate related assets; and manages and sells real estate properties acquired through foreclosure. The company was founded in 1839 and is headquartered in Jersey City, New Jersey.

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