Provident Financial Services Q2 Profit Declines; Declares Dividend

(RTTNews) - Provident Financial Services Inc. (PFS) posted second-quarter net income of $16.4 million or $0.28 per share, compared to $19.2 million or $0.34 per share in the comparable quarter last year.

On average, eight analysts polled by Thomson Reuters expected the company to earn $0.31 per share. Analysts' estimates typically exclude special items.

Net-interest income for the latest second quarter was $57.4 million, up from $53.4 million in the prior year quarter, while total non-interest income declined to $10.3 million from $12.6 million in the previous year period.

Further, the company's Board of Directors declared a quarterly cash dividend of $0.15 per common share payable on August 29, 2014, to stockholders of record as of the close of business on August 15, 2014.