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 Growth | 11.2% |
| Revenue growth rate | 7.4% |
| Return on equity | 3.6% |
| Net Margin | 17.9% |
| Last Earnings Update | 30 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
Jul 29Provident Financial: An Old Local Bank With Growth Potential After Lakeland Bank Merger
Feb 14Provident Financial Services' (NYSE:PFS) Dividend Will Be $0.24
Jan 29Provident Financial Services (NYSE:PFS) Is Paying Out A Dividend Of $0.24
Oct 30Provident Financial: Impressive Dividend Yield With Promising Lakeland Merger
Oct 26Do Provident Financial Services' (NYSE:PFS) Earnings Warrant Your Attention?
Sep 09Provident Financial Services: Waiting For Better Times, Better Price
Aug 12Provident Financial Services (NYSE:PFS) Has Affirmed Its Dividend Of $0.24
Aug 03Provident Financial Services, Inc. (NYSE:PFS) Analysts Just Slashed This Year's Revenue Estimates By 15%
Jul 30Provident Financial Services (NYSE:PFS) Will Pay A Dividend Of $0.24
May 01Provident Financial Services (NYSE:PFS) Ticks All The Boxes When It Comes To Earnings Growth
Apr 27Provident Financial Services (NYSE:PFS) Has Affirmed Its Dividend Of $0.24
Jan 30Revenue Downgrade: Here's What Analysts Forecast For Provident Financial Services, Inc. (NYSE:PFS)
Jan 28Provident Financial GAAP EPS of $0.66 beats by $0.03, revenue of $132.33M misses by $2.95M
Jan 27Provident Financial Services' (NYSE:PFS) Dividend Will Be $0.24
Oct 31Provident Financial GAAP EPS of $0.58 in-line, revenue of $137.93M beats by $11.68M
Oct 28Revenue & Expenses Breakdown
How Provident Financial Services makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 526 | 94 | 274 | 0 |
| 30 Jun 24 | 428 | 76 | 236 | 0 |
| 31 Mar 24 | 441 | 120 | 211 | 0 |
| 31 Dec 23 | 451 | 128 | 209 | 0 |
| 30 Sep 23 | 464 | 150 | 204 | 0 |
| 30 Jun 23 | 491 | 165 | 207 | 0 |
| 31 Mar 23 | 500 | 172 | 210 | 0 |
| 31 Dec 22 | 497 | 176 | 209 | 0 |
| 30 Sep 22 | 479 | 164 | 209 | 0 |
| 30 Jun 22 | 463 | 158 | 207 | 0 |
| 31 Mar 22 | 468 | 163 | 203 | 0 |
| 31 Dec 21 | 474 | 168 | 200 | 0 |
| 30 Sep 21 | 475 | 171 | 199 | 0 |
| 30 Jun 21 | 457 | 161 | 197 | 0 |
| 31 Mar 21 | 408 | 131 | 188 | 0 |
| 31 Dec 20 | 355 | 97 | 183 | 0 |
| 30 Sep 20 | 332 | 82 | 174 | 0 |
| 30 Jun 20 | 326 | 87 | 167 | 0 |
| 31 Mar 20 | 336 | 97 | 167 | 0 |
| 31 Dec 19 | 349 | 113 | 164 | 0 |
| 30 Sep 19 | 352 | 122 | 161 | 0 |
| 30 Jun 19 | 352 | 127 | 158 | 0 |
| 31 Mar 19 | 341 | 121 | 156 | 0 |
| 31 Dec 18 | 336 | 118 | 155 | 0 |
| 30 Sep 18 | 328 | 102 | 155 | 0 |
| 30 Jun 18 | 322 | 93 | 155 | 0 |
| 31 Mar 18 | 331 | 98 | 154 | 0 |
| 31 Dec 17 | 328 | 94 | 152 | 0 |
| 30 Sep 17 | 325 | 97 | 152 | 0 |
| 30 Jun 17 | 318 | 93 | 151 | 0 |
| 31 Mar 17 | 312 | 90 | 149 | 0 |
| 31 Dec 16 | 309 | 88 | 148 | 0 |
| 30 Sep 16 | 307 | 87 | 147 | 0 |
| 30 Jun 16 | 302 | 84 | 145 | 0 |
| 31 Mar 16 | 304 | 85 | 144 | 0 |
| 31 Dec 15 | 301 | 84 | 143 | 0 |
| 30 Sep 15 | 296 | 83 | 137 | 0 |
| 30 Jun 15 | 295 | 82 | 137 | 0 |
| 31 Mar 15 | 284 | 76 | 135 | 0 |
| 31 Dec 14 | 275 | 74 | 132 | 0 |
| 30 Sep 14 | 264 | 70 | 129 | 0 |
| 30 Jun 14 | 256 | 67 | 124 | 0 |
| 31 Mar 14 | 255 | 70 | 120 | 0 |
| 31 Dec 13 | 255 | 71 | 118 | 0 |
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 10:26 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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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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.
| Analyst | Institution |
|---|---|
| Erik Zwick | Boenning & Scattergood, Inc. |
| Manuel Navas | D.A. Davidson & Co. |
| null null | D.A. Davidson & Co. |