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Mar 31, 2024
Provident Financial Q1 2024 Earnings Report
Reported net income of $32.1 million, or $0.43 per basic and diluted share for the three months ended March 31, 2024
Key Takeaways
Provident Financial Services, Inc. reported a net income of $32.1 million, or $0.43 per basic and diluted share, for the quarter ended March 31, 2024. The company's commercial and industrial loan portfolio increased, and asset quality improved during the quarter.
Net income was $32.1 million, or $0.43 per basic and diluted share.
Total commercial and industrial loan portfolio increased by $72.1 million, or 11.5% annualized.
Net interest income decreased $2.1 million to $93.7 million.
Asset quality improved, with non-performing loans declining to 0.44% of total loans.
Provident Financial
Provident Financial
Provident Financial Revenue by Segment
Revenue by Segment
Fees Revenue
CapyFin.comWealth Management Revenue
CapyFin.comInsurance Agency Revenue
CapyFin.comBank-Owned Life Insurance Revenue
CapyFin.comNet Gain (Loss) on Securities Transactions Revenue
CapyFin.comOther Income Revenue
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