{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-136204","form_type":"8-K","ticker":"PFS","cik":"0001178970","company_name":"PROVIDENT FINANCIAL SERVICES INC","filed_at":"2024-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.561210+00:00","generated_at":"2026-06-02T03:23:16.794148+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Provident Financial Services prices $225M 9% subordinated notes due 2034, upsized from $200M","bullets":["$225M aggregate principal of 9.00% Fixed-to-Floating Rate Subordinated Notes due 2034; upsized from previously announced $200M.","Interest at 9% fixed to May 15, 2029, then floating at Three-Month Term SOFR + 476.5 bps, payable quarterly.","Offering to satisfy regulatory conditions for merger with Lakeland Bancorp; net proceeds invested in Provident Bank.","Notes qualify as Tier 2 capital; redeemable at par after May 15, 2029; mature May 15, 2034.","Joint book-running managers: Piper Sandler & Co. and Keefe, Bruyette & Woods."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-136204","json":"https://secwatch.observer/filing/0001193125-24-136204.json","markdown":"https://secwatch.observer/filing/0001193125-24-136204.md","text":"https://secwatch.observer/filing/0001193125-24-136204.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1178970/000119312524136204/0001193125-24-136204-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1178970/000119312524136204/d748877d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T03:23:16.794148+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"556517c3ed0403bf7017075443cced6bae3ff621","claim":"PROVIDENT FINANCIAL SERVICES INC entered into Underwriting Agreement with Piper Sandler & Co. and Keefe, Bruyette & Woods, Inc. valued at $225,000,000 (effective 2024-05-09).","evidence_excerpt":"On May 9, 2024, Provident Financial Services, Inc. (the “Company”) and Provident Bank, the wholly-owned subsidiary of the Company, entered into an underwriting agreement (the “Underwriting Agreement”) with Piper Sandler & Co. and Keefe, Bruyette & Woods, Inc., as representatives of the underwriters named therein (the “Underwriters”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1178970/000119312524136204/0001193125-24-136204-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"Piper Sandler & Co. and Keefe, Bruyette & Woods, Inc."},{"label":"Value","value":"$225,000,000"},{"label":"Effective","value":"2024-05-09"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}