Provident Financial Services (PFS) Declares $0.24 Quarterly Dividend; 5.5% Yield
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Provident Financial Services, Inc. Announces First Quarter Earnings and Declares Quarterly Cash Dividend
April 27, 2023 5:00 PM EDTISELIN, N.J., April 27, 2023 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE: PFS) (the Company) reported net income of $40.5 million, or $0.54 per basic and diluted share, for the three months ended March 31, 2023, as compared to $49.0 million, or $0.66 per basic and diluted share, for the three months ended December 31, 2022 and $44.0 million, or $0.58 per basic and diluted share, for the three months ended March 31, 2022. Net income for the three months ended March 31, 2023 was negatively impacted by an increase in funding costs, an increase in the provision for credit losses from a worsened economic forecast and an... More
