Provident Financial Services (PFS) Reports In-Line Q4 EPS

Provident Financial Services (NYSE: PFS) reported Q4 EPS of $0.34, in-line with the analyst estimate of $0.34.

Chairman, President and Chief Executive Officer Christopher Martin commented: "Our fourth quarter results were extremely positive despite the flattening yield curve and aggressive competition. We achieved record revenues and core earnings for the quarter, and asset quality continued to improve." Martin continued: "We expanded our wealth management business with the completion of a strategic acquisition in New York which had the ancillary benefit of providing Beacon Trust with fiduciary powers there as well. On December 31st, we signed a definitive agreement to acquire an in-market investment management firm, which upon closing, stands to effectively double the size of Beacon's assets under management."

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

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