Market Overview

Recap: Provident Financial Q3 Earnings

Share:

 

Shares of Provident Financial (NYSE:PFS) were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 24.49% year over year to $0.37, which beat the estimate of $0.18.

Revenue of $81,985,000 up by 11.50% year over year, which beat the estimate of $80,620,000.

Guidance

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

Provident Financial hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 30, 2020

Time: 10:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/pfs/mediaframe/40863/indexr.html

Recent Stock Performance

Company's 52-week high was at $25.49

52-week low: $9.05

Price action over last quarter: down 2.05%

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