NYSE:PFSBanks
How Provident Financial Services’ (PFS) Net Income Rebound and Asset Quality Shift Its Investment Story
Provident Financial Services recently reported a positive turnaround in its latest quarterly results, posting a net income of US$71.98 million following a previous loss, with improvements attributed to higher interest income and strong loan growth.
An important highlight from management was their outlook for continued asset quality improvements and an ongoing commitment to robust credit risk management and interest rate risk controls.
Given these results, we'll explore how the turnaround in...