Provident Financial Services (PFS) Declares $0.23 Quarterly Dividend; 5.7% Yield
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Provident Financial Services, Inc. Announces First Quarter Earnings and Declares Quarterly Cash Dividend
April 30, 2020 8:00 AM EDTISELIN, N.J., April 30, 2020 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE: PFS) (the Company) reported net income of $14.9 million, or $0.23 per basic and diluted share, for the three months ended March 31, 2020, compared to net income of $30.9 million, or $0.48 per basic and diluted share, for the three months ended March 31, 2019.Â
The Companys earnings for the three months ended March 31, 2020 were adversely impacted by elevated provisions for credit losses primarily due to the adoption of a new accounting standard that requires the current recognition of allowances for losses expected... More
