Provident Financial Services, Inc.

NYSE:PFS Stock Report

Market Cap: US$2.5b

Provident Financial Services Past Earnings Performance

Past criteria checks 1/6

Provident Financial Services has been growing earnings at an average annual rate of 3.1%, while the Banks industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 7.4% per year. Provident Financial Services's return on equity is 3.6%, and it has net margins of 17.9%.

Key information

3.1%

Earnings growth rate

-0.5%

EPS growth rate

Banks Industry Growth11.2%
Revenue growth rate7.4%
Return on equity3.6%
Net Margin17.9%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Provident Financial Services (NYSE:PFS) Has Affirmed Its Dividend Of $0.24

Nov 02
Provident Financial Services (NYSE:PFS) Has Affirmed Its Dividend Of $0.24

Provident Financial Services (NYSE:PFS) Has Affirmed Its Dividend Of $0.24

Jul 29
Provident Financial Services (NYSE:PFS) Has Affirmed Its Dividend Of $0.24

Provident Financial: An Old Local Bank With Growth Potential After Lakeland Bank Merger

Feb 14

Provident Financial Services' (NYSE:PFS) Dividend Will Be $0.24

Jan 29
Provident Financial Services' (NYSE:PFS) Dividend Will Be $0.24

Provident Financial Services (NYSE:PFS) Is Paying Out A Dividend Of $0.24

Oct 30
Provident Financial Services (NYSE:PFS) Is Paying Out A Dividend Of $0.24

Provident Financial: Impressive Dividend Yield With Promising Lakeland Merger

Oct 26

Do Provident Financial Services' (NYSE:PFS) Earnings Warrant Your Attention?

Sep 09
Do Provident Financial Services' (NYSE:PFS) Earnings Warrant Your Attention?

Provident Financial Services: Waiting For Better Times, Better Price

Aug 12

Provident Financial Services (NYSE:PFS) Has Affirmed Its Dividend Of $0.24

Aug 03
Provident Financial Services (NYSE:PFS) Has Affirmed Its Dividend Of $0.24

Provident Financial Services, Inc. (NYSE:PFS) Analysts Just Slashed This Year's Revenue Estimates By 15%

Jul 30
Provident Financial Services, Inc. (NYSE:PFS) Analysts Just Slashed This Year's Revenue Estimates By 15%

Provident Financial Services (NYSE:PFS) Will Pay A Dividend Of $0.24

May 01
Provident Financial Services (NYSE:PFS) Will Pay A Dividend Of $0.24

Provident Financial Services (NYSE:PFS) Ticks All The Boxes When It Comes To Earnings Growth

Apr 27
Provident Financial Services (NYSE:PFS) Ticks All The Boxes When It Comes To Earnings Growth

Provident Financial Services (NYSE:PFS) Has Affirmed Its Dividend Of $0.24

Jan 30
Provident Financial Services (NYSE:PFS) Has Affirmed Its Dividend Of $0.24

Revenue Downgrade: Here's What Analysts Forecast For Provident Financial Services, Inc. (NYSE:PFS)

Jan 28
Revenue Downgrade: Here's What Analysts Forecast For Provident Financial Services, Inc. (NYSE:PFS)

Provident Financial GAAP EPS of $0.66 beats by $0.03, revenue of $132.33M misses by $2.95M

Jan 27

Provident Financial Services' (NYSE:PFS) Dividend Will Be $0.24

Oct 31
Provident Financial Services' (NYSE:PFS) Dividend Will Be $0.24

Provident Financial GAAP EPS of $0.58 in-line, revenue of $137.93M beats by $11.68M

Oct 28

Revenue & Expenses Breakdown

How Provident Financial Services makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NYSE:PFS Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24526942740
30 Jun 24428762360
31 Mar 244411202110
31 Dec 234511282090
30 Sep 234641502040
30 Jun 234911652070
31 Mar 235001722100
31 Dec 224971762090
30 Sep 224791642090
30 Jun 224631582070
31 Mar 224681632030
31 Dec 214741682000
30 Sep 214751711990
30 Jun 214571611970
31 Mar 214081311880
31 Dec 20355971830
30 Sep 20332821740
30 Jun 20326871670
31 Mar 20336971670
31 Dec 193491131640
30 Sep 193521221610
30 Jun 193521271580
31 Mar 193411211560
31 Dec 183361181550
30 Sep 183281021550
30 Jun 18322931550
31 Mar 18331981540
31 Dec 17328941520
30 Sep 17325971520
30 Jun 17318931510
31 Mar 17312901490
31 Dec 16309881480
30 Sep 16307871470
30 Jun 16302841450
31 Mar 16304851440
31 Dec 15301841430
30 Sep 15296831370
30 Jun 15295821370
31 Mar 15284761350
31 Dec 14275741320
30 Sep 14264701290
30 Jun 14256671240
31 Mar 14255701200
31 Dec 13255711180

Quality Earnings: PFS has a large one-off loss of $39.2M impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: PFS's current net profit margins (17.9%) are lower than last year (32.3%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: PFS's earnings have grown by 3.1% per year over the past 5 years.

Accelerating Growth: PFS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PFS had negative earnings growth (-37.2%) over the past year, making it difficult to compare to the Banks industry average (-11.8%).


Return on Equity

High ROE: PFS's Return on Equity (3.6%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 10:26
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Provident Financial Services, Inc. is covered by 15 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Erik ZwickBoenning & Scattergood, Inc.
Manuel NavasD.A. Davidson & Co.
null nullD.A. Davidson & Co.