Welcome to our dedicated page for Provident Finl news (Ticker: PFS), a resource for investors and traders seeking the latest updates and insights on Provident Finl stock.
Provident Financial Services, Inc. (NYSE: PFS) is the holding company for Provident Bank, a community-focused financial institution founded in Jersey City in 1839. Through Provident Bank and its subsidiaries, the company operates in the financial services industry, providing traditional banking and related financial services to customers in New Jersey, New York, and Pennsylvania.
This news page aggregates coverage and official announcements related to Provident Financial Services, Inc. and Provident Bank. Readers can follow company press releases on quarterly and year-end earnings, dividend declarations, investor conference calls, and presentation materials furnished to the U.S. Securities and Exchange Commission. The company regularly reports financial results and hosts conference calls to discuss performance, as reflected in its earnings releases and associated 8-K filings.
In addition to financial and investor updates, the news flow highlights Provident Bank’s community and philanthropic activities. Recent releases describe employee-funded grant programs supporting nonprofit organizations, crisis response funds addressing food insecurity, and participation in small business recovery grant programs in partnership with the Federal Home Loan Bank of New York. These items illustrate the bank’s role as a community-focused institution within its operating footprint.
Corporate governance and executive developments are also covered, including announcements of executive appointments, promotions, and retirement plans, as well as disclosures about executive compensation and severance arrangements. Together, these updates provide insight into the company’s strategic priorities, leadership, and community engagement.
Investors, analysts, and community stakeholders can use this page to review the latest publicly released information about Provident Financial Services, Inc. (PFS) and Provident Bank, including financial performance updates, capital actions, and community initiatives.
Provident Financial Services, Inc. (NYSE: PFS) will release its financial results for Q1 2022 on April 29, 2022, at 8:00 a.m. ET. The earnings report will be accessible via the company's website. A conference call for investors is scheduled for the same day at 10:00 a.m. ET to discuss the results, with multiple dial-in options available for participants. As of December 31, 2021, the company had assets totaling $13.8 billion and operates a network of branches across New Jersey, Pennsylvania, and New York, along with wealth management and insurance services.
Provident Bank has partnered with Elan Financial Services to enhance its credit card offerings for customers. This collaboration aims to deliver innovative credit card products under the Provident brand, featuring lucrative rewards, enhanced reporting, and advanced payment technologies. The partnership is expected to bolster Provident Bank's commitment to both businesses and consumers, providing them with 24/7 account access and support. With assets of $13.78 billion as of December 31, 2021, Provident Bank continues to grow its financial services across New Jersey, Pennsylvania, and New York.
Provident Financial Services, Inc. (NYSE:PFS) reported a net income of $37.3 million ($0.49 per share) for Q4 2021, down from $40.6 million ($0.53 per share) in Q4 2020. For the full year, net income surged to $167.9 million ($2.20 per basic share) from $97.0 million in 2020, driven by higher interest-earning assets and a $24.3 million negative provision for credit losses. Despite strong loan growth, total loans decreased by $241.3 million primarily due to PPP loan forgiveness. The company declared a quarterly dividend of $0.24 per share, with total assets rising to $13.78 billion.
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Provident Bank announced the appointment of Brian Rafanello as Senior Vice President and Head of Treasury Management on January 4, 2022. Based in Iselin, NJ, Rafanello will lead the Treasury Management department, focusing on sales, service, and operations. His role includes developing strategies for treasury management products aimed at middle market, commercial real estate, public sector, and small businesses. Rafanello brings over 25 years of experience, previously serving at Santander Bank and Citibank, enhancing Provident's capabilities in growing their treasury management portfolio.
Provident Financial Services (NYSE: PFS) announced it will release its financial results for Q4 and FY 2021 on January 28, 2022, at 8:00 a.m. ET. A conference call for discussion of these results will take place the same day at 10:00 a.m. ET. Investors can access the call through a dedicated dial-in or via webcast on the company’s website. As of September 30, 2021, Provident had total assets of $13.4 billion and operates branches in New Jersey, Pennsylvania, and New York.
Provident Bank has appointed Robert Tharp as First Vice President, Retail Sales & Services Director, effective immediately. Based at the Iselin, NJ headquarters, Tharp will oversee the execution of retail sales strategies and business development initiatives. With over 35 years in retail banking, including senior roles at TD Bank and Hudson United Bank, he aims to enhance Provident's growth strategy. As of September 30, 2021, Provident Financial Services, Inc. (NYSE:PFS) reported assets of $13.39 billion and deposits of $10.84 billion.
Provident Financial Services (NYSE:PFS) reported a net income of $37.3 million ($0.49 per share) for Q3 2021, up from $27.1 million ($0.37) in Q3 2020. For the nine months ending September 30, 2021, net income was $130.6 million ($1.71 per share), significantly up from $56.4 million ($0.84) in the prior year. The company benefited from reduced credit loss provisions and increased interest-earning assets post its merger with SB One Bancorp. A quarterly dividend of $0.24 per share has been declared, marking a 4.3% increase from the previous quarter.
Provident Financial Services (NYSE: PFS) will release its financial results for the third quarter ending September 30, 2021, on October 29, 2021, at 8:00 a.m. (ET). The results will be accessible on the company's website under Investor Relations. An investor conference call is scheduled for the same day at 10:00 a.m. (ET), with additional details provided for dial-in and internet access. As of June 30, 2021, the company reported assets of $13.2 billion.
Provident Financial Services, Inc. (NYSE:PFS) announces the appointment of Bennett MacDougall as Senior VP and General Counsel for Provident Bank and Beacon Trust Company. MacDougall, who has extensive experience in legal matters related to financial institutions, previously held significant legal roles at BNY Mellon and Deutsche Bank. He will oversee all legal affairs and advise on policy matters. Provident Bank, a community-focused financial institution, reported assets of $13.22 billion and deposits of $10.59 billion as of June 30, 2021.