PROVIDENT FINANCIAL SERVICES INC (PFS) [Rocket]

Overview

PROVIDENT FINANCIAL SERVICES INC (PFS)

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Recent News + Filings (All items)

Date Filed	Type	Description
10/03/2023	8-K	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements...
08/16/2023	4	FEKETE FRANK L (Director) has filed a Form 4 on PROVIDENT FINANCIAL SERVICES INC
08/08/2023	10-Q	Quarterly Report for the period ended June 30, 2023
08/02/2023	3	Form 3 - Initial statement of beneficial ownership of securities:
07/28/2023	8-K	Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits  I...
06/30/2023	11-K/A	Form 11-K/A - Annual report of employee stock purchase, savings and similar plans: [Amend]
06/29/2023	11-K	Form 11-K - Annual report of employee stock purchase, savings and similar plans:

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-05-18	Dec-31-17	Dec-05-17
Revenues	497.0	477.2	355.3	41.4	335.7	335.7	328.3	328.3
Revenue growth	4.1%	34.3%	759.1%	-87.7%	2.2%	2.2%	6.4%
Cost of goods sold	181.8	176.3	158.0	142.7	136.6	111.5	134.6	109.4
Gross profit	315.2	300.9	197.3	-101.4	199.1	224.2	193.7	218.9
Gross margin	63.4%	63.1%	55.5%	-245.2%	59.3%	66.8%	59.0%	66.7%
Sales and marketing	5.2	4.0	4.4	4.1	3.8	3.8	3.9	3.9
General and administrative	21.8	19.8	20.8	16.8	14.7	14.7	13.9	13.9
EBITA	288.2	277.2	172.1	-122.3	180.6	149.5	175.8	147.0
EBITA margin	58.0%	58.1%	48.4%	-295.8%	53.8%	44.5%	53.6%	44.8%
Amortization of intangibles	3.3	3.7	3.4	2.7	2.1		2.7
EBIT	284.9	273.5	168.7	-125.1	178.5	149.5	173.2	147.0
EBIT margin	57.3%	57.3%	47.5%	-302.5%	53.2%	44.5%	52.7%	44.8%
Pre-tax income	240.1	227.1	127.6	147.1	143.9	143.9	140.5	140.5
Income taxes	64.5	59.2	30.6	34.5	25.5	25.5	46.5	46.5
Tax rate	26.8%	26.1%	24.0%	23.4%	17.7%	17.7%	33.1%	33.1%
Net income	175.6	167.9	97.0	112.6	118.4	118.4	93.9	93.9
Net margin	35.3%	35.2%	27.3%	272.4%	35.3%	35.3%	28.6%	28.6%

Diluted EPS	$2.35	$2.19	$1.39	$1.74	$1.82	$1.82	$1.45	$1.45
Shares outstanding (diluted)	74.8	76.6	69.6	64.7	65.1	65.1	64.6	64.6

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.