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0 -6.68225860340425E-05 -0.00167056465085189 -0.00267290344136312 -0.00768459739391904 -0.00434346809221514 -0.00300701637153357 -0.00300701637153357
Stock impact report

KBRA Assigns Ratings to Provident Financial Services, Inc.

Provident Financial Services, Inc (PFS) 
Last provident financial services, inc earnings: 4/30 08:00 am Check Earnings Report
US:NYSE Investor Relations: providentfinancial.com/investors
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--KBRA assigns a senior unsecured debt rating of BBB+, a subordinated debt rating of BBB, and a short-term debt rating of K2 to Iselin, New Jersey-based Provident Financial Services, Inc. (NYSE: PFS) ("Provident" or "the company"). In addition, KBRA assigns deposit and senior unsecured debt ratings of A-, a subordinated debt rating of BBB+, and short-term deposit and debt ratings of K2 to its main subsidiary, Provident Bank. The Outlook for all long-term ratings is Stable.Provident’s ratings are supported by its well-executed banking model that has been implemented by an experienced management team, which has produced favorable long-term performance through various economic and interest rate cycles. The pending combination with Lakeland Bancorp, Inc. (NASDAQ: LBAI or "Lakeland") is expected to provide significant scale, deepen the executive team, and deliver further diversification opportunities to the pro forma company. We view the anticipated transaction Show less Read more
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