Provident Financial Services Q1 Earnings Call Highlights
The cost of interest-bearing liabilities decreased 12 basis points to 2.71%, which Lyons said largely offset the lower asset yield. Interest-bearing deposit costs fell 21 basis points to 2.39%, and total deposit costs declined 16 basis points to 1.94%.Senior Executive Vice President and CFO Thomas Lyons said revenue topped $225 million for the second consecutive quarter, driven by net interest income of $194 million and “record non-interest income of $31.5 million.” Average earning assets increased $264 mil ...