secwatch.observer — SEC 8-K summary
======================================

Issuer:     PROVIDENT FINANCIAL SERVICES INC (PFS)
CIK:        0001178970
Form:       8-K
Filed at:   2023-01-27T23:59:59+00:00
Accession:  0001628280-23-001641
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Provident Financial reports record Q4 net income of $49.0M, $0.66 EPS; NIM expands to 3.62%
--------------------------------------------------------------------------------

- Q4 net income $49.0M ($0.66/diluted share) vs $43.4M ($0.58) in Q3 and $37.3M ($0.49) in Q4 2021.
- Full year 2022 net income $175.6M ($2.35/diluted share) vs $167.9M ($2.20) in 2021.
- Net interest margin expanded 11 bps QoQ to 3.62%; commercial loan growth annualized 9.7% in Q4.
- Declared $0.24 quarterly dividend, payable Feb 24, 2023 to holders of record Feb 10, 2023.
- Quarter included $1.2M in non-tax deductible merger costs for pending Lakeland merger.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1178970/000162828023001641/0001628280-23-001641-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1178970/000162828023001641/pfs-20230127.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-001641

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer