Provident Financial Services, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 28, 2023 at 02:09 am
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Provident Financial Services, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 99.11 million compared to USD 99.48 million a year ago. Net income was USD 32 million compared to USD 39.23 million a year ago. Basic earnings per share from continuing operations was USD 0.43 compared to USD 0.53 a year ago. Diluted earnings per share from continuing operations was USD 0.43 compared to USD 0.53 a year ago.
For the six months, net interest income was USD 207.43 million compared to USD 194 million a year ago. Net income was USD 72.54 million compared to USD 83.19 million a year ago. Basic earnings per share from continuing operations was USD 0.97 compared to USD 1.11 a year ago. Diluted earnings per share from continuing operations was USD 0.97 compared to USD 1.11 a year ago.
Provident Financial Services, Inc. is a holding company for The Provident Bank (the Bank). The Bank is a community-oriented financial institution that provides an array of financial products and business and retail services through its network of branches throughout northern and central New Jersey, Bucks, Lehigh and Northampton counties in Pennsylvania, as well as Orange, Queens and Nassau Counties in New York. Its business services include commercial loans and lines of credit, commercial real estate loans, loans for healthcare services, asset-based lending, equipment financing, small business loans, and lines and cash management services. Its consumer services include online and mobile banking, home equity loans and lines, and mortgage options. It also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and insurance brokerage services through its subsidiary, Provident Protection Plus, Inc. It operates over 140 branches.
PROVIDENT FINANCIAL SERVICES, INC. 
