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Provident Financial: 3Q Earnings Snapshot

JERSEY CITY, N.J. (AP) _ Provident Financial Services Inc. (PFS) on Friday reported third-quarter earnings of $35.5 million.

The Jersey City, New Jersey-based company said it had net income of 54 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.

The holding company for The Provident Bank posted revenue of $107.2 million in the period. Its adjusted revenue was $91.7 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $89.1 million.

Provident Financial shares have dropped 15 percent since the beginning of the year. The stock has declined 16 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PFS at https://www.zacks.com/ap/PFS