Provident Financial Services (PFS) Misses Q4 EPS by 3c

Provident Financial Services (NYSE: PFS) reported Q4 EPS of $0.36, $0.03 worse than the analyst estimate of $0.39.

Partially offsetting the effect of the Tax Act, earnings for the quarter and year ended December 31, 2017 were favorably impacted by year-over-year growth in average loans outstanding, growth in both average non-interest bearing and interest bearing core deposits, and expansion of the net interest margin. The improvement in the net interest margin was driven by the upward repricing of adjustable rate assets and a relatively stable cost of funds.

For earnings history and earnings-related data on Provident Financial Services (PFS) click here.

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