Recap: Provident Financial Q3 Earnings
Shares of Provident Financial (NYSE:PFS) were unchanged after the company reported Q3 results.
Quarterly Results
Earnings per share decreased 24.49% year over year to $0.37, which beat the estimate of $0.18.
Revenue of $81,985,000 up by 11.50% year over year, which beat the estimate of $80,620,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
Provident Financial hasn't issued any revenue guidance for the time being.
Details Of The Call
Date: Oct 30, 2020
Time: 10:00 AM
ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/pfs/mediaframe/40863/indexr.html
Recent Stock Performance
Company's 52-week high was at $25.49
52-week low: $9.05
Price action over last quarter: down 2.05%
Company Overview
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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