Provident Financial (PFS) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -21.74%. A quarter ago, it was expected that this holding company for The Provident Bank would post earnings of $0.28 per share when it actually produced earnings of $0.06, delivering a surprise of -78.57%. Ove ...

ISELIN, N.J., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the "Company") reported net income of $46.4 million, or $0.36 per basic and diluted share for the three months ended September 30, 2024, compared to a net loss of $11.5 million, or $0.11 per basic and diluted share, for the three months ended June 30, 2024 and net income of $28.5 million, or $0.38 per basic and diluted share, for the three months ended September 30, 2023. For the nine months ended September 30, 20 ...

HONG KONG, Oct. 16, 2024 /PRNewswire/ -- Akeso Biopharma (9926.HK) (" Akeso", the "Company" ) announced positive results in progression-free survival (PFS) and overall survival (OS) from its Phase 3 clinical study (COMPASSION-16/AK104-303). This study evaluated the efficacy of its independently developed PD1/CTLA-4 bispecific antibody, 开坦尼® (cadonilimab), in combination with or without platinum-based chemotherapy and bevacizumab, compared to placebo with platinum-based chemotherapy and bevacizumab for first ...

ISELIN, N.J., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Provident Bank, a leading New Jersey-based financial institution, announced today that the bank has awarded funding to nine local non-profit organizations focused on community development, economic empowerment, financial literacy and education and support for housing and homeownership in low and moderate-income communities. Since July 2023, Provident Bank has partnered with 13 local New Jersey-based non-profits via their Community Partnership Program, with th ...

Mr. Ramos is responsible for the execution of the bank's CRA program and commitments to the communities the bank serves, while overseeing the day-to-day operations of the bank's various assessment areas and carrying out executive leadership's directives to achieve specific CRA goals and objectives. In addition, he is responsible for enhancing lending, service, and investment strategies to effectively support the bank's CRA initiatives that include providing loans and investments for affordable housing and e ...

• 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 ...

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 ...