Provident Financial Services (PFS) FY2012 results: revenue $261 million, up 5.0% on the year
Provident Financial Services Inc. (PFS) reported revenue of $261 million for fiscal 2012, the year ended 31 December 2012, up 5.0% on the year before. Net income was $67 million, up 17.3%, and diluted earnings per share $1.18. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$261 million
+5.0% on the year
FY2008FY2012
Operating margin
n/a
FY2008FY2012
Net income
$67 million
+17.3% on the year
FY2008FY2012
Diluted EPS
$1.18
+16.8% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
261
249
241
+5.0%
Interest expense
44.9
59.7
77.6
-24.8%
Pre-tax income
96.1
77.2
66.3
+24.5%
Income tax
28.9
19.8
16.6
+45.4%
Effective tax rate
30.0%
25.7%
25.0%
Net income
67.3
57.3
49.7
+17.3%
Net margin
25.8%
23.1%
20.7%
Diluted EPS
$1.18
$1.01
$0.88
+16.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
108
93.8
92.3
+15.4%
Capital expenditure
7.7
8.5
8.5
-10.4%
Free cash flow
101
85.3
83.8
+18.0%
Cash from investing
-185
-279
-88.5
Cash from financing
111
203
-75.3
-45.3%
Depreciation and amortisation
9.3
9.7
10.7
-3.4%
Buybacks
9.4
4.1
0.2
+127.7%
Dividends paid
40.7
26.8
25.0
+51.9%
Diluted shares, weighted
57m
57m
57m
+0.6%
Shares outstanding at period end
60m
60m
60m
-0.1%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
981
952
922
+3.0%
Deposits
5,428
5,157
4,878
+5.3%
Debt
803
920
970
-12.7%
Other liabilities
70.9
68.1
55.4
+4.1%
Total liabilities and equity
7,284
7,097
6,825
+2.6%
Fixed assets
66.1
66.3
74.3
-0.2%
Goodwill
353
353
346
-0.2%
Securities held for sale or to maturity
359
348
346
+3.2%
Loans
4,834
4,579
4,341
+5.6%
Cash and equivalents
104
69.6
52.2
+49.1%
Other assets
1,567
1,681
1,665
-6.7%
Total assets
7,284
7,097
6,825
+2.6%
10-K for the year ended 31 December 2012, filed 1 March 2013: the filing.