Earnings ·
Provident Financial Services, Inc. reported second quarter 2026 financial results on July 29, 2026
PFSProvident Financial Services Inc
Provident Financial Services, Inc. reported second quarter 2026 financial results on July 29, 2026. Net income was $78.1 million, or $0.60 per diluted share, compared to $72.0 million, or $0.55 per diluted share, in the prior year period. Core net income totaled $79.9 million, or $0.61 per diluted share. Net interest income increased 8.3% to $202.7 million, driven by loan growth and margin expansion, while non-interest income rose to $32.0 million. The company reported a core efficiency ratio of 49.75%. Tangible book value per share grew 2% quarter-over-quarter to $16.42. Total assets reached $25.66 billion, with commercial loans increasing 9.9% annualized. Non-performing loans declined to $136.9 million, and net charge-offs were $1.9 million for the quarter. Provident Financial Services operates as a community bank holding company providing financial services through its subsidiary, Provident Bank.