Provident Financial reports record Q4 net income of $49.0M, $0.66 EPS; NIM expands to 3.62%

PROVIDENT FINANCIAL SERVICES INC

2022-FY EPS reported $2.35 revenue$54,987,000

Q4 net income $49.0M ($0.66/diluted share) vs $43.4M ($0.58) in Q3 and $37.3M ($0.49) in Q4 2021.
Full year 2022 net income $175.6M ($2.35/diluted share) vs $167.9M ($2.20) in 2021.
Net interest margin expanded 11 bps QoQ to 3.62%; commercial loan growth annualized 9.7% in Q4.
Declared $0.24 quarterly dividend, payable Feb 24, 2023 to holders of record Feb 10, 2023.
Quarter included $1.2M in non-tax deductible merger costs for pending Lakeland merger.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PROVIDENT FINANCIAL SERVICES INC reported the three months ended December 31, 2022 results: net income $49.0 million, EPS $0.66 per basic and diluted share.

Period: the three months ended December 31, 2022
Net income: $49.0 million
EPS: $0.66 per basic and diluted share
Result: reported results

Exact text from the filing

Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) reported net income of $49.0 million, or $0.66 per basic and diluted share for the three months ended December 31, 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PROVIDENT FINANCIAL SERVICES INC reported the year ended December 31, 2022 results: net income $175.6 million, EPS $2.35 per basic and diluted share.

Period: the year ended December 31, 2022
Net income: $175.6 million
EPS: $2.35 per basic and diluted share
Result: reported results

Exact text from the filing

For the year ended December 31, 2022, net income totaled $175.6 million, or $2.35 per basic and diluted share

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PROVIDENT FINANCIAL SERVICES INC filing history →

Source: SEC EDGAR

accession 0001628280-23-001641

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