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Provident Financial Services ( (PFS) ) just unveiled an announcement.
On January 28, 2025, Provident Financial Services announced a quarterly cash dividend of $0.24 per share, payable on February 28, 2025, and scheduled its Annual Meeting of Stockholders for April 24, 2025. The company’s financial results for the quarter ending December 31, 2024, showed improved net income, influenced by the merger with Lakeland Bancorp, which significantly increased assets and deposits. The merger also impacted provisions for credit losses and transaction costs. Provident reported improvements in asset quality and wealth management income, while managing a decrease in net interest margin. The company reclassified a portion of its loan portfolio as held for sale, reflecting strategic business shifts.
More about Provident Financial Services
Provident Financial Services, Inc. operates in the financial industry, offering a range of banking services. The company is focused on enhancing its asset quality, growing deposits, and expanding fee-based businesses through strategic mergers, like with Lakeland Bancorp.
YTD Price Performance: 3.17%
Average Trading Volume: 590,445
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.5B
See more insights into PFS stock on TipRanks’ Stock Analysis page.
