---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-026028"
form_type: "8-K"
ticker: "PFS"
cik: "0001178970"
company_name: "PROVIDENT FINANCIAL SERVICES INC"
filed_at: "2023-07-28T23:59:59+00:00"
generated_at: "2026-06-12T22:50:54.192051+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Provident Financial Q2 net income falls to $32M ($0.43 EPS) on margin compression, higher provision

## Summary
- Net income $32.0M ($0.43 EPS) vs $40.5M ($0.54) in Q1 and $39.2M ($0.53) YoY.
- Net interest margin fell 37 bps to 3.11%; loan growth $306.3M to $10.53B.
- Provision for credit losses $10.4M (vs $6.0M in Q1) due to worsened economic forecast.
- Merger with Lakeland pending; $2.0M merger expenses in Q2; regulatory process ongoing.
- Declared $0.24 quarterly dividend, payable Aug 25 to holders of record Aug 11.

## SEC filing metadata
- accession: 0001628280-23-026028
- form_type: 8-K
- ticker: PFS
- cik: 0001178970
- company_name: PROVIDENT FINANCIAL SERVICES INC
- filed_at: 2023-07-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1178970/000162828023026028/0001628280-23-026028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1178970/000162828023026028/pfs-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-026028
- JSON: https://secwatch.observer/filing/0001628280-23-026028.json
- Plain text: https://secwatch.observer/filing/0001628280-23-026028.txt

## Key facts
- Earnings Releases
  PROVIDENT FINANCIAL SERVICES INC reported the three and six months ended June 30, 2023 results: net income net income of $32.0 million, or $0.43 per basic and diluted share for the three months ended June 30, 2023, EPS $0.43 per basic and diluted share.
  - Period: the three and six months ended June 30, 2023
  - Net income: net income of $32.0 million, or $0.43 per basic and diluted share for the three months ended June 30, 2023
  - EPS: $0.43 per basic and diluted share
  - Result: reported results
  source text: On July 27, 2023, Provident Financial Services, Inc. (the “Company”) issued a press release reporting its financial results for the three and six months ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1178970/000162828023026028/0001628280-23-026028-index.htm

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