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Provident Financial Services (PFS)
NYSE:PFS
RESEARCH TOOLSreports
Earnings Data
Report Date
Jul 25, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.49Last Year’s EPS
0.1Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: 0.71%
|Next Earnings Date:Jul 25, 2025
Earnings Call Sentiment|Positive
The call highlighted strong financial performance, improved margins, and a robust loan pipeline. However, there were concerns with deposit declines and an increase in nonperforming loans. The positive aspects slightly outweigh the negatives, indicating a generally favorable outlook with some areas to monitor.Company Guidance
During the Provident Financial Services, Inc. First Quarter 2025 Earnings Conference Call, guidance for the year was discussed, highlighting several key financial metrics. The company reported net earnings of $64 million or $0.49 per share, with an impressive annualized adjusted return on average assets of 1.11% and an adjusted return on average tangible equity of 16.15%. The adjusted pretax pre-provision return on average assets was 1.61%. Provident's tangible book value per share increased by $0.69 to $14.15, and the tangible common equity ratio expanded to 7.9%. Despite a $175 million decline in deposits due to seasonal outflows, the average cost of total deposits decreased by 14 basis points to 2.11%, and the total cost of funds decreased to 2.39%. The net interest margin increased by 6 basis points to 3.34%, and the commercial loan portfolio grew by 3.8%. The pipeline of loans was substantial, at approximately $2.8 billion, with a weighted average interest rate of 6.31%. The company maintained strong credit quality, even as the nonperforming loan ratio increased to 0.54%. Provident's fee-based businesses, including Provident Protection Plus, showed strong performance, with a 19% organic growth in new business. The company projects a return on average assets of approximately 1.15% and a return on tangible equity of about 16% for 2025.Strong Financial Performance
Provident reported net earnings of $64 million or $0.49 per share, with an annualized adjusted return on average assets of 1.11% and an adjusted return on average tangible equity of 16.15%.
Increased Lending and Strong Pipeline
The commercial lending team closed approximately $600 million in new loans, with a 3.8% increase in the commercial loan portfolio. The total loan pipeline increased to approximately $2.8 billion.
Improved Margins
The net interest margin increased 6 basis points to 3.34%, and the core net interest margin grew 9 basis points.
Tangible Book Value Growth
Tangible book value per share grew $0.69 to $14.15, and the tangible common equity ratio expanded to 7.9%.
Fee-Based Business Growth
Provident Protection Plus achieved a 19% organic growth in new business, with income up 23% compared to the previous year.
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PFS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PFS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 24, 2025 | $16.88 | $16.54 | -2.01% |
| Jan 28, 2025 | $18.95 | $18.08 | -4.59% |
| Oct 29, 2024 | $18.74 | $18.58 | -0.85% |
| Jul 25, 2024 | $17.88 | $18.31 | +2.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Provident Financial Services (PFS) report earnings?
Provident Financial Services (PFS) is schdueled to report earning on Jul 25, 2025, TBA Not Confirmed.
What is Provident Financial Services (PFS) earnings time?
Provident Financial Services (PFS) earnings time is at Jul 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PFS EPS forecast?
PFS EPS forecast for the fiscal quarter 2025 (Q2) is 0.49.
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