Provident Financial Services completed its underwritten public offering of $175 million in aggregate principal amount of 6.50% Fixed-to-Floating Rate Subordinated Notes due 2036 on August 24, 2026. The company intends to use the net proceeds to repay $150 million of outstanding 2.875% Fixed-to-Floating Rate Subordinated Notes due 2031 and $20 million of variable rate Junior Subordinated Notes due 2033, with remaining funds for general corporate purposes. The notes bear interest at a fixed rate of 6.50% until September 1, 2031, after which the rate floats based on SOFR plus 239 basis points. Provident Financial Services operates in the banking and financial services industry.

On July 30, 2026, the Board of Directors elected Michael E. Regan as a Class of 2028 director for Provident Financial Services, Inc. and its subsidiary, Provident Bank, expanding both boards from 12 to 13 members. Mr. Regan joins the Audit, Enterprise Risk, and Finance Committees. Concurrently, Diane Gigliotti was appointed Senior Vice President and Chief Accounting Officer of the Company and the Bank, succeeding in her expanded role overseeing accounting policy, financial reporting, and internal controls with an initial base salary of $310,000. Provident Financial Services, Inc. operates as a bank holding company providing commercial banking, fiduciary, and insurance services through its subsidiary Provident Bank.

On July 30, 2026, the Board of Directors declared a quarterly cash dividend of $0.24 per common share. The dividend is payable on August 28, 2026 to stockholders of record as of the close of business on August 14, 2026. Provident Financial Services, Inc. operates in the banking industry and provides financial products and services through its subsidiary, Provident Bank.

Provident Financial Services filed an 8-K to furnish presentation materials for its second quarter 2026 earnings release, scheduled for July 30, 2026. The company reported core diluted EPS of $0.61 and a core return on average assets (ROAA) of 1.27%. Total assets reached $25.7 billion with total loans at $20.0 billion and deposits at $19.5 billion. Net interest income grew 8% year-over-year to support revenues of $235 million, while core pre-provision net revenue (PPNR) increased 18.3% to a 1.87% ROAA. The company executed stock buybacks of 614,722 shares at an average cost of $21.09 per share and maintains a tangible book value of $16.42 per share. Provident Financial Services operates as a full-service commercial and consumer bank headquartered in New Jersey.

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.