Provident Financial Services Inc. (PFS) Income Statement

Income Statement for Provident Financial Services Inc.  (PFS) 
$ 14.17   -0.22 (-1.53%) Volume: 132.43 k 4:02 PM EST Feb 10, 2012
After Hours:  $ 14.17 0.00 (0.00%) Volume: 1.57 k 4:34 PM EST Feb 10, 2012
Statement: View:
Income [+] in Thousands of Dollars
12/2010 12/2009 12/2008 12/2007 12/2006
Loans 230,366 233,613 246,789 248,789 223,031
Investment Securities 12,778 13,419 57,021 53,666 58,865
Lease Financing Income - - - - -
Other Interest Income 43,143 45,186 - - -
Federal Funds Sold/Purchased - - - 480,560 353,202
Interest Bearing Deposits 247 341 510 - -
Loans Held for Resale - - - - -
Trading Account Securities - - - - -
Time Deposits Placed - - - - -
Other Money Market Investments - - - - -
Total Money Market Investments 247 341 510 122 243
Total Interest Income 286,534 292,559 304,320 302,577 282,139
Deposits 47,705 74,555 88,887 112,923 84,191
Short-Term Debt - - - - -
Long-Term Debt 29,864 36,987 43,364 34,776 33,420
Federal Funds Sold/Purchased - - - 480,560 353,202
Capitalized Lease Obligations - - - - -
Other Interest Expense - - - - -
Total Interest Income 286,534 292,559 304,320 302,577 282,139
Total Interest Expense (77,569) (111,542) (132,251) (147,699) (117,611)
Net Interest Income 208,965 181,017 172,069 154,878 164,528
Loan Loss Provision (35,500) (30,250) (15,100) (6,530) (1,320)
Net Interest Income After Loan Loss Provision 173,465 150,767 156,969 148,348 163,208
Trust Fees by Commissions 23,679 24,221 23,391 - -
Service Charge on Deposit Accounts - - - - -
Other Service Charges - - - 24,538 23,305
Security Transactions 885 1,398 928 (984) 1,170
Premiums Earned - - - - -
Net Realized Capital Gains - - - - -
Investment Banking Profit - - - - -
Other Non-Interest Income 7,158 7,864 7,302 7,039 7,476
Non-Interest Income 31,722 33,483 31,621 30,593 31,951
Salaries and Employee Benefits 86,480 89,841 77,598 72,183 63,295
Net Occupancy Expense 19,777 20,170 20,809 19,431 18,054
Promotion and Advertising 4,049 4,291 4,106 4,942 3,819
Property/Liability Insurance Claims 7,631 11,778 634 - -
Policy Acquisition Costs - - - - -
Amortization of Deferred Policy Acquisition Costs - - - - -
Current and Future Benefits Expense - - - - -
Other Non-Interest Expense 22,339 323,458 27,454 36,457 33,105
Income, Acquired in Process R&D - - - - -
Income, Restructuring and M&A - - - - -
Other Special Charges 1,358 150,471 (1,410) 4,944 -
Non-Interest Expense (140,276) (449,538) (130,601) (133,013) (118,273)
Special Income/Charges 1,358 150,471 (1,410) 4,944 -
Net Income Before Taxes 66,269 (114,817) 56,579 50,872 76,886
Premium Tax (Credit) - - - - -
Minority Interest - - - - -
Income Taxes (16,564) (7,007) (14,937) (13,492) (23,201)
Net Income from Continuing Operations 49,705 (121,824) 41,642 37,380 53,685
Net Income from Discontinued Operations - - - - -
Net Income from Total Operations 49,705 (121,824) 41,642 37,380 53,685
Extraordinary Income/Loss - - - - -
Income from Cum. Effect of Acct Change - - - - -
Income from Tax Loss Carryforward - - - - -
Other Gains - - - - -
Total Net Income 49,705 (121,824) 41,642 37,380 53,685
Normalized Income 48,347 (272,295) 43,052 32,436 53,685
Net Income Available for Common 49,705 (121,824) 41,642 37,380 53,685
Results [+] in Dollars (Preferred Dividends in Thousands)
12/2010 12/2009 12/2008 12/2007 12/2006
Dividends Paid Per Share 0.44 0.44 0.44 0.42 0.39
Preferred Dividends - - - - -
Basic EPS from Continuing Operations 0.88 -2.16 0.74 0.63 0.88
Basic EPS from Discontinued Operations 0.00 0.00 0.00 0.00 0.00
Basic EPS from Total Operations 0.88 -2.16 0.74 0.63 0.88
Basic EPS from Extraordinary Inc 0.00 0.00 0.00 0.00 0.00
Basic EPS from Cum. Effect of Acct Chg 0.00 0.00 0.00 0.00 0.00
Basic EPS from Tax Loss Carryforward 230,366 233,613 246,789 248,789 223,031
Basic EPS from Other Gains(Loss) 0.00 0.00 0.00 0.00 0.00
Basic EPS, Total 0.88 -2.16 0.74 0.63 0.88
Basic Normalized Net Income/Share 0.86 -4.83 0.77 0.55 0.88
Diluted EPS from Continuing Operations 0.88 -2.16 0.74 0.63 0.87
Diluted EPS from Discontinued Operations 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Total Operations 0.88 -2.16 0.74 0.63 0.87
Diluted EPS from Extraordinary Inc 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Cum. Effect of Acct Chg 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Tax Loss Carryforward 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Other Gains(Loss) 0.00 0.00 0.00 0.00 0.00
Diluted EPS, Total 0.88 -2.16 0.74 0.63 0.87
Diluted Normalized Net Income/Share 0.86 -4.83 0.77 0.55 0.87
Revenues Year-to-Date 318,256 326,042 335,941 333,170 314,090
Income Year-to-Date from Total Operations 49,705 (121,824) 41,642 37,380 53,685
EPS Year-to-Date from Total Operations 0.88 -2.16 0.74 0.63 0.87
Dividends Paid Per Share, Year-to-Date 0.44 0.44 0.44 0.42 0.39