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Shares of Provident Financial (NYSE:PFS) were unchanged in pre-market trading after the company reported Q1 results.
Earnings per share were down 52.08% over the past year to $0.23, which missed the estimate of $0.34.
Revenue of $72,021,000 lower by 3.98% year over year, which beat the estimate of $71,580,000.
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Details Of The Call
Date: Apr 30, 2020
Time: 07:05 PM ET
52-week high: $27.47
52-week low: $9.05
Price action over last quarter: down 30.53%
Provident Financial Services 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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