Market Overview

Provident Financial: Q1 Earnings Insights

Share:

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

Quarterly Results

Earnings per share were down 52.08% over the past year to $0.23, which missed the estimate of $0.34.

Revenue of $72,021,000 lower by 3.98% year over year, which beat the estimate of $71,580,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Apr 30, 2020

Time: 07:05 PM ET

Webcast URL: https://78449.choruscall.com/dataconf/productusers/pfs/mediaframe/37258/indexr.html

Technicals

52-week high: $27.47

52-week low: $9.05

Price action over last quarter: down 30.53%

Company Overview

Provident Financial Services is the holding company for The Provident Bank, a community-oriented bank. The company provides a comprehensive array of financial products and services through its network of branches throughout northern and central New Jersey, and certain counties in Pennsylvania. The company's strategy emphasizes growing high-return businesses in nonstandard markets, and maintaining a secured capital structure. Commercial loans represent a plurality of the company's loans, followed by construction loans. Net interest income is the largest portion of the company's net revenue.

 

Related Articles (PFS)

View Comments and Join the Discussion!

Posted-In: Earnings News