Last $16.65 USD
Change Today -0.20 / -1.19%
Volume 218.6K
PFS On Other Exchanges
Symbol
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As of 8:04 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

provident financial services (PFS) Snapshot

Open
$16.81
Previous Close
$16.85
Day High
$16.88
Day Low
$16.65
52 Week High
12/24/13 - $19.93
52 Week Low
09/30/13 - $15.83
Market Cap
1.1B
Average Volume 10 Days
218.6K
EPS TTM
$1.18
Shares Outstanding
65.3M
EX-Date
08/13/14
P/E TM
14.1x
Dividend
$0.60
Dividend Yield
3.60%
Current Stock Chart for PROVIDENT FINANCIAL SERVICES (PFS)

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provident financial services (PFS) Details

Provident Financial Services, Inc. operates as the holding company for The Provident Bank, which provides banking services to individuals, families, and businesses in New Jersey. Its deposit products include savings, checking, interest-bearing checking, money market deposit, and certificates of deposit accounts, as well as IRA and KEOGH accounts. The company’s loan portfolio comprises commercial real estate loans that are secured by income-producing 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, and marine loans. It also offers cash management, remote deposit capture, payroll origination, escrow account management, and online banking services; and business credit cards. In addition, the company provides trust and estate administrative services; and asset management services comprising investment management, asset allocation, trust and fiduciary, financial planning, family office, estate settlement, and custody services to individuals, municipalities, non-profits, corporations, and pension funds. Further, it sells insurance and investment products, including annuities; operates as a real estate investment trust for acquiring mortgage loans and other real estate related assets; invests in real estate development joint ventures principally targeted to meet the housing needs of low and moderate-income communities; and manages and sells real estate properties acquired through foreclosure. As of December 31, 2013, the company operated 77 full-service branch offices in northern and central New Jersey. Provident Financial Services, Inc. was founded in 1839 and is headquartered in Jersey City, New Jersey.

830 Employees
Last Reported Date: 03/3/14
Founded in 1839

provident financial services (PFS) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $608.8K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $349.3K
Chief Lending Officer of Provident Bank and E...
Total Annual Compensation: $314.6K
Executive Vice President, General Counsel, C...
Total Annual Compensation: $312.7K
Executive Vice President of The Provident Ban...
Total Annual Compensation: $259.8K
Compensation as of Fiscal Year 2013.

provident financial services (PFS) Key Developments

Provident Financial Services, Inc. Presents at Raymond James 2014 U.S. Bank Conference, Sep-03-2014

Provident Financial Services, Inc. Presents at Raymond James 2014 U.S. Bank Conference, Sep-03-2014 . Venue: JW Marriott Chicago, Chicago, Illinois, United States.

Provident Financial Services, Inc. Presents at The RBC Capital Markets' 2014 Financial Institutions Conference, Sep-16-2014 11:20 AM

Provident Financial Services, Inc. Presents at The RBC Capital Markets' 2014 Financial Institutions Conference, Sep-16-2014 11:20 AM. Venue: Hyatt Regency Boston, One Avenue de Lafayette, Boston, MA 02111, United States. Speakers: Christopher P. Martin, Chairman, Chief Executive Officer, President, Chairman of the Provident Bank, Chief Executive Officer of Provident Bank and President of Provident Bank, Thomas M. Lyons, Chief Financial Officer, Executive Vice President, Chief Financial Officer of The Provident Bank and Executive Vice President of The Provident Bank.

Provident Financial Services, Inc. Declares Second Quarter Cash Dividend, Payable on August 29, 2014; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Effective Tax Rate Guidance for the Remainder of 2014

Board of Directors of Provident Financial Services, Inc. declared a quarterly cash dividend of $0.15 per common share payable on August 29, 2014, to stockholders of record as of the close of business on August 15, 2014. The company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income of $16.4 million, or $0.28 per basic and diluted share, compared to net income of $19.2 million, or $0.34 per basic and diluted share for the three months ended June 30, 2013. Net interest income increased $4.0 million, to $57.4 million, from $53.4 million for the same period in 2013. Total interest income was $67.386 million, compared to $62.413 million for the last year. Income before income tax expense was $22.557 million, compared to $27.235 million for the last year. Annualized return on average assets was 0.84%, compared to 1.07% for the last year. Annualized return on average equity was 6.16%, compared to 7.75% for the last year. Earnings for the quarter were impacted by earnings related to the Team Capital acquisition totaling $1.2 million or $0.02 per share net of tax. Net interest income increased by $2.2 million, compared with the trailing quarter to $57 million, as average loans outstanding increased by $262 million. Growth was driven by the acquisition of commercial mortgage and C&I loans as well as originations of commercial, construction and CRE loans. Core earnings were $18.3 million, or $0.31 per diluted share. For the six months, the company reported net income of $33.4 million, or $0.57 per basic and diluted share, compared to net income of $37.1 million, or $0.65 per basic and diluted share for the same period last year. Net interest income, increased $5.3 million, to $112.6 million, from $107.3 million for the same period in 2013. Total interest income was $131.909 million, compared to $125.717 million for the last year. Income before income tax expense was $47.284 million, compared to $52.629 million for the last year. Annualized return on average assets was 0.88%, compared to 1.04% for the last year. Annualized return on average equity was 6.44%, compared to 7.53% for the last year. Core earnings were $35.4 million, or $0.61 per diluted share. Book value per share was $17.28 as on June 30, 2014, compared to $16.48 as on June 30, 2013. Tangible book value per share was $11.03 as on June 30, 2014, compared to $10.52 as on June 30, 2013. The company is projecting effective tax rate of approximately 29.5% for the remainder of the year 2014.

 

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