• The Company's annualized adjusted pre-tax, pre-provision returns on average assets, average equity and average tangible equity were 1.47%, 13.26% and 19.21% for the quarter ended June 30, 2024, compared to 1.28%, 10.62% and 14.54% for the quarter ended March 31, 2024. A reconciliation between GAAP and the above nonGAAP ratios are shown on page 13 of the earnings release. (1) • On May 9, 2024, the Company issued $225.0 million of 9.00% Fixed-to-Floating Rate subordinated notes due 2034, resulting in net pr ...

Non-Interest Income and Expense For the six months ended June 30, 2024, non-interest income totaled $43.1 million, an increase of $1.5 million, compared to the same period in 2023. Fee income increased $2.4 million to $14.6 million for the six months ended June 30, 2024, compared to the same period in 2023, primarily due to increases in deposit fee income, debit card related fee income and commercial loan prepayment fees, resulting from the Lakeland merger. BOLI income increased $2.1 million to $5.1 million ...

Web Site: http://www.Provident.Bank | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------|-------------|-------|------------|-------|------------|------------|-------|------------| | Net (loss) gain on securities transactions | (2,973 | ) | (1 | ) | 29 | (2,974 | ) | 24 | | Other income | 969 | | 798 | | 1,283 | 1,766 | | 4,552 | | Total non-interest income | 22,275 | | 20,807 | | 19,387 | 43,081 | | 41,540 | | Non-interest expense: | | | | | | | | | | Compens ...

| --- | --- | |-------------------------------------|-------| | | | | Study | | | Top Responder Patient | | | Bardia, A. et. al. 1 | | | Tripathy D. et. al. 2 | | | O'Shaughnessy J. et. al. non-TNBC 3 | | | O'Shaughnessy J. et. al. TNBC 3 | | | --- | --- | |-------|--------------| | | | | | | | | | | | | | | | | | PFS (months) | | 9.1+ | | | 1.7 | | | | | | 1.9 | | | 2.3 | | | 1.6 | | 1. Bardia A, et al. Final Results From the Randomized Phase III ASCENT Clinical Trial in Metastatic Triple-Negative Breast C ...

Provident Financial (PFS) shares rallied 5.7% in the last trading session to close at $15.95. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 10.7% gain over the past four weeks. Provident Financial witness a strong price increase driven by optimism surrounding the company's effort to strengthen its Healthcare Lending team. The company intends to expand sales efforts for Middle Market Healthcare Services with ...

ISELIN, N.J., July 01, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) announced that it expects to release financial results for the quarter ended June 30, 2024 on Thursday, July 25, 2024 after market close. A copy of the earnings release will be immediately available on the Company's website, www.Provident.Bank, by going to Investor Relations and clicking on Press Releases. Representatives of the Company will hold a conference call for investors on July 26, 2024 at 10:00 a.m. (ET) t ...

Provident Financial Services (PFS) is well-positioned for growth driven by the acquisition of Lakeland Bancorp, Inc. Decent loan demand, solid balance sheet and high interest rates will also continue to support the company's financials. Analysts are optimistic regarding its earnings growth potential. Over the past two months, the Zacks Consensus Estimate for Provident Financial's earnings has remained unchanged for 2024 and revised 5.8% upward for 2025. The company currently carries a Zacks Rank #2 (Buy). O ...

Title: Outcomes of advanced/metastatic breast cancer (aMBC) treated with Bria-IMT™, an allogeneic whole cell immunotherapy. Session Type and Title: Rapid Oral Abstract – Breast Cancer – Metastatic Phase 2 clinical data of the Bria-IMT™ regimen in 54 advanced metastatic breast cancer patients who failed multiple prior treatments including ADCs and immune check point inhibitors (CPIs) (median of 6 prior treatments) are presented. PHILADELPHIA and VANCOUVER, British Columbia, May 24, 2024 (GLOBE NEWSWIRE) -- B ...

Provident Financial Services, Inc. (PFS) has completed its previously announced merger with Lakeland Bancorp, Inc. The acquisition combines two of New Jersey's complementary banking platforms to form a super- community bank. The system conversions are scheduled for early September 2024. Until then, the companies' retail banking networks will operate separately under their respective brands. Under the terms of the deal at the time of announcement, Lakeland Bancorp's shareholders have the right to receive 0.8 ...

ISELIN, N.J., May 13, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the "Company"), the holding company for Provident Bank (the "Bank"), today announced the completion of its offering and sale of $225 million of its 9.00% fixed-to-floating rate subordinated notes due 2034 (the "Notes") in a registered public offering (the "Offering"). The Notes were sold at par, resulting in net proceeds, after discounts and estimated offering expenses, of approximately $219.3 million. The purpose ...