Shares of Provident Finl Services PFS decreased 0.8% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share rose 163.64% year over year to $0.58, which beat the estimate of $0.45.
Revenue of $90,905,000 up by 30.18% from the same period last year, which beat the estimate of $90,280,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
How To Listen To The Conference Call
Date: Jul 30, 2021
Time: 10:00 AM
ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/pfs/mediaframe/44289/indexr.html
Price Action
Company's 52-week high was at $25.70
52-week low: $11.76
Price action over last quarter: down 11.16%
Company Overview
Provident Financial Services Inc 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.
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