Recap: Provident Financial Q4 Earnings

Shares of Provident Financial PFS fell 0.1% after the company reported Q4 results.

Quarterly Results

Earnings per share were up to $0.56, which beat the estimate of $0.36.

Revenue of $88,738,000 up by 21.75% from the same period last year, which beat the estimate of $86,860,000.

Looking Ahead

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

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

How To Listen To The Conference Call

Date: Jan 29, 2021

Time: 10:00 AM

ET Webcast URL: http://www.snl.com/IRW/event/4080424

Technicals

Company's 52-week high was at $23.79

Company's 52-week low was at $9.05

Price action over last quarter: Up 31.69%

Company Profile

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.