PFS
Provident Financial Services, Inc.20.84
-0.21-1%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Capital priorities favor organic growth
Q&A fleshed out capital priorities beyond the new 2 million share buyback, prioritizing organic growth first, H2 2026 dividend consideration second, and M&A only for culture-fit targets adding talent or complementary lines like insurance. Management rejected buying CRE portfolios, favoring relationship-driven originations amid a healthier market, and detailed 2026 hiring for middle-market bankers ($75M-$500M clients) and treasury to fuel 4-6% loan/deposit expansion. Loan repricing delivers 4 basis points to NIM; deposit competition is universal but manageable. Organic growth trumps all. Beacon Trust eyes rebound via new talent. Watch dividend moves and hiring impact.
Key Stats
Market Cap
2.72BP/E (TTM)
10.47Basic EPS (TTM)
1.99Dividend Yield
0.05%Recent Filings
8-K
Exec resigns with $1.2M payout
Provident Financial Services' Valerie O. Murray, President of Beacon Trust and EVP/Chief Wealth Management Officer of Provident Bank, announced her resignation on February 27, 2026, effective May 22 after garden leave starting March 27. No disagreements with company operations prompted her exit. She'll receive $1,200,000 separation pay. Smooth transition planned.
10-K
FY2025 results
Provident Financial Services closed FY2025 with loans held for investment at $19.5B, up from $18.7B in FY2024, driven by $696M net growth including $396M in commercial and $284M in multi-family, while construction loans fell $161M. Non-performing assets ticked down to 0.32% of assets from 0.34%, with provision for credit losses at $4.1M versus $83.6M last year (including $60.1M Lakeland acquisition charge); net charge-offs held steady at 0.07% of average loans. Deposits rose $655M to $19.3B, core at 82.9%, while borrowed funds edged up $92M to $2.1B. Net income hit $291M or $2.23/share, up from $116M, with NIM expanding 13bps to 3.39% on full-year Lakeland integration. Q4 stabilized asset quality. Elevated CRE at 432% of risk-based capital draws regulatory watch.
8-K
Q4 earnings hit $83.4M
Provident Financial reported Q4 net income of $83.4 million ($0.64/share), up from $71.7 million prior quarter and $48.5 million year-ago amid no merger costs. Record $225.7 million revenue drove 1.34% ROA; commercial loans hit $16.93 billion, core deposits $15.99 billion. Non-performers dropped to 0.40%. Momentum builds.
8-K
Q4 results beat expectations
Provident Financial reported Q4 2025 results with $0.64 diluted EPS, 1.34% ROAA, and 17.58% ROATCE, fueled by record $226M revenues, 5.4% annualized loan growth, and core deposits up 6.6% annualized. Core NIM expanded to 3.44% amid falling deposit costs, while credit metrics strengthened—non-performing loans down 21.90%. Loan-to-deposit ratio hit 101%. 2026 guides 4-6% loan and deposit growth.
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