Provident Financial Services Stock (NYSE:PFS)


ForecastRevenueOwnershipFinancialsChartTranscripts

Previous Close

$20.94

52W Range

$13.07 - $22.23

50D Avg

$19.18

200D Avg

$16.52

Market Cap

$2.70B

Avg Vol (3M)

$667.32K

Beta

1.02

Div Yield

$1.20 (5.79%)

PFS Company Profile


Provident Financial Services, Inc. operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States. The company's deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products. Its loan portfolio comprises commercial real estate loans that are secured by properties, such as multi-family apartment buildings, office buildings, and retail and industrial properties; commercial business loans; fixed-rate and adjustable-rate mortgage loans collateralized by one- to four-family residential real estate properties; commercial construction loans; and consumer loans consisting of home equity loans, home equity lines of credit, marine loans, personal loans and unsecured lines of credit, and auto and recreational vehicle loans. The company also offers cash management, remote deposit capture, payroll origination, escrow account management, and online and mobile banking services; and business credit cards. In addition, it provides wealth management services comprising investment management, trust and estate administration, financial planning, tax compliance and planning, and private banking. Further, the company sells insurance and investment products, including annuities; operates as a real estate investment trust for acquiring mortgage loans and other real estate related assets; and manages and sells real estate properties acquired through foreclosure. As of December 31, 2021, it operated 96 full-service branch offices in northern and central New Jersey, as well as in Pennsylvania and New York counties. The company was founded in 1839 and is headquartered in Jersey City, New Jersey.

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Industry

Banks - Regional

Sector

Financial Services

Exchange

NYSE

ADR

-

Country

US

Employees

1,109

IPO Date

Jan 16, 2003

Website

PFS Performance


Revenue Breakdown


Revenue Breakdown by Product/Service

Product/ServiceDec 23Dec 22Dec 21
Deposit Account$12.96M$12.55M$10.92M
Insurance Commissions And Fees$13.93M--
Wealth Management Fees$27.67M$27.87M$30.76M
Banking$15.92M$15.68M$16.59M
Debit Card$2.96M$3.12M$5.67M
Insurance Agency Income-$11.44M$10.22M

Fiscal year ends in Dec 23 | Currency in USD

PFS Financial Summary


Dec 23Dec 22Dec 21
Revenue$695.65M$505.34M$452.83M
Operating Income$563.60M$288.74M$227.12M
Net Income$128.40M$175.65M$167.92M
EBITDA$2.95M$292.03M$230.78M
Basic EPS$1.71$2.35$2.20
Diluted EPS$1.71$2.35$2.19

Fiscal year ends in Dec 23 | Currency in USD

Latest Earnings Call Transcripts


Q3 24Oct 30, 24 | 12:35 PM
Q2 24Jul 26, 24 | 1:40 PM
Q1 24Apr 19, 24 | 1:03 PM

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