---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-027294"
form_type: "8-K"
ticker: "PFS"
cik: "0001178970"
company_name: "PROVIDENT FINANCIAL SERVICES INC"
filed_at: "2022-10-28T23:59:59+00:00"
generated_at: "2026-06-22T22:25:22.003381+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Provident Financial Q3 net income rises to $43.4M, EPS $0.58; net interest margin expands to 3.51%

## Summary
- Net income $43.4M ($0.58 EPS) vs $37.3M ($0.49) in Q3 2021 and $39.2M ($0.53) in Q2 2022.
- Net interest margin increased 30 bps sequentially to 3.51%; net interest income $109.5M, up $10.0M from Q2.
- Recorded $8.4M provision for credit losses vs $3.0M in Q2, citing weakening economic forecast.
- Declared quarterly cash dividend of $0.24 per share, payable Nov 25, 2022.
- Pending merger with Lakeland Bancorp; incurred $2.9M in non-deductible transaction costs.

## SEC filing metadata
- accession: 0001628280-22-027294
- form_type: 8-K
- ticker: PFS
- cik: 0001178970
- company_name: PROVIDENT FINANCIAL SERVICES INC
- filed_at: 2022-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1178970/000162828022027294/0001628280-22-027294-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1178970/000162828022027294/pfs-20221028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-027294
- JSON: https://secwatch.observer/filing/0001628280-22-027294.json
- Plain text: https://secwatch.observer/filing/0001628280-22-027294.txt

## Key facts
- Earnings Releases
  PROVIDENT FINANCIAL SERVICES INC reported the nine months ended September 30, 2022 results: net income $126.6 million, EPS $1.69 per basic and diluted share.
  - Period: the nine months ended September 30, 2022
  - Net income: $126.6 million
  - EPS: $1.69 per basic and diluted share
  - Result: reported results
  source text: For the nine months ended September 30, 2022, net income totaled $126.6 million, or $1.69 per basic and diluted share, compared to $130.6 million, or $1.71 per basic share and $1.70 per diluted share, for the nine months ended September 30, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1178970/000162828022027294/0001628280-22-027294-index.htm
- Earnings Releases
  PROVIDENT FINANCIAL SERVICES INC reported the three months ended September 30, 2022 results: net income $43.4 million, EPS $0.58 per basic and diluted share.
  - Period: the three months ended September 30, 2022
  - Net income: $43.4 million
  - EPS: $0.58 per basic and diluted share
  - Result: reported results
  source text: Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) reported net income of $43.4 million, or $0.58 per basic and diluted share for the three months ended September 30, 2022, compared to $39.2 million, or $0.53 per basic and diluted share, for the three months ended June 30, 2022 and $37.3 million, or $0.49 per basic and diluted share, for the three months ended September 30, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1178970/000162828022027294/0001628280-22-027294-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.