PFS
Provident Financial Services, Inc.20.84
-0.21-1%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.72BP/E (TTM)
10.47Basic EPS (TTM)
1.99Dividend Yield
0.05%Recent Filings
10-Q
Q3 FY2025 results
Provident Financial Services posted solid Q3 results, with net income hitting $71.7 million, up sharply from $46.4 million a year ago, thanks to the Lakeland merger's full-year impact and no merger costs this time around. Net interest income climbed 5.8% year-over-year to $194.3 million, fueled by loan growth and deposit repricing, while the net interest margin edged up to 3.43% from 3.31%; diluted EPS held steady at $0.55, reconciling neatly with 130.6 million weighted shares. Non-interest expenses dropped 16.8% without last year's $15.6 million hit, though amortization of intangibles persists at $9.5 million from the deal. Liquidity looks strong, with $301.6 million in cash and $4.52 billion FHLBNY borrowing capacity against $2.21 billion in borrowings maturing through 2030; the May 2024 Lakeland close added $7.9 billion in loans for $876.8 million in stock, recognizing $180.4 million goodwill. Yet non-performing loans ticked up to 0.52% of total loans amid economic wobbles.
8-K
Q3 revenue hits record high
Provident Financial Services reported Q3 2025 results with record revenue of $221.8 million, up from $214.2 million last quarter, driven by net interest income of $194.3 million and non-interest income of $27.4 million. Loans grew 0.9% to $19.3 billion, featuring a 3.2% rise in commercial loans to $4.8 billion, while deposits climbed to $19.1 billion. Adjusted ROAA hit 1.16%, but a $7.0 million credit loss provision reflected growth pressures. Strong asset quality persists.
8-K
Q3 earnings steady, revenue record
Provident Financial Services reported Q3 net income of $71.7 million, or $0.55 per share, steady from Q2 but up sharply from $46.4 million last year, absent merger costs that hammered 2024 results. Record revenue hit $221.8 million, fueled by $194.3 million net interest income as the margin edged to 3.43%, while deposits swelled 8.22% annualized to $19.10 billion and commercial loans grew 4.59%. Asset quality held firm, with non-performing assets at 0.41%. Strong balance sheet growth persists.
8-K
Quarterly dividend declared
Provident Financial Services declared a quarterly cash dividend of $0.24 per common share on October 30, 2025, payable November 28 to shareholders of record on November 14. This steady payout underscores the bank's commitment to returning capital amid its community banking operations across New Jersey, Pennsylvania, and New York. No changes from prior dividends. Investors value this reliability.
10-Q
Q2 FY2025 results
Provident Financial Services swung to a $72M net income in Q2 FY2025 ended June 30, 2025, up from a $11M loss last year, as net interest income climbed 32% year-over-year to $187M on loan growth and a 15 basis point margin expansion to 3.36%, while a $2.9M credit loss benefit reflected improved asset quality. The Lakeland merger, closed May 2024 for $876.8M in stock, added $180.4M goodwill and drove $19B loans, with no fresh merger costs this quarter versus $19M last year. Deposits edged up 0.5% quarter-over-quarter to $18.7B, backed by $259M cash and $2.4B FHLB borrowing capacity, yielding $276M free cash flow from operations minus capex. Yet non-performing loans ticked up to 0.56% of total, signaling pockets of credit pressure in commercial real estate.
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