Provident Financial Services ( (PFS) ) just unveiled an update.
Provident Financial Services, Inc. reported a strong financial performance in Q3 2024, with a notable increase in net interest income and margin, driven by the merger with Lakeland. The company’s diversified loan portfolio, valued at $18.8 billion, and a stable core funding base highlight its robust market position. Key financial metrics demonstrated significant improvement with adjusted returns on assets and equity showing marked growth. Additionally, wealth management and insurance revenues saw a year-on-year increase, underscoring the company’s diverse revenue streams.
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