Provident Financial Services Reports Q4 EPS of $.21 vs. $.24

Provident Financial Services, Inc. PFS reported net income of $12.1 million, or $0.21 per basic and diluted share for the quarter ended December 31, 2010, compared to net income of $6.8 million, or $0.12 per basic and diluted share for the quarter ended December 31, 2009. For the year ended December 31, 2010, the Company reported net income of $49.7 million, or $0.88 per basic and diluted share, compared to a net loss of $121.8 million, or $2.16 per basic and diluted share for the year ended December 31, 2009. The Company recognized a $152.5 million, or $2.71 per share goodwill impairment charge during the quarter ended March 31, 2009. Excluding this goodwill impairment charge, net operating income for the year ended December 31, 2009 was $30.7 million, or $0.55 per basic and diluted share.