JERSEY CITY, N.J. (AP) — JERSEY CITY, N.J. (AP) — Provident Financial Services Inc. (PFS) on Thursday reported first-quarter net income of $64 million.

The Jersey City, New Jersey-based company said it had profit of 49 cents per share. Earnings, adjusted for non-recurring costs, came to 50 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.

The holding company for The Provident Bank posted revenue of $332.4 million in the period. Its adjusted revenue was $208.8 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PFS at https://www.zacks.com/ap/PFS

View Comments