---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-035379"
form_type: "8-K"
ticker: "PFS"
cik: "0001178970"
company_name: "PROVIDENT FINANCIAL SERVICES INC"
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T06:46:56.491306+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Provident Fin. Q3 net income $28.5M ($0.38/sh), down from $43.4M ($0.58/sh) YoY; margin 2.96%

## Summary
- Net income $28.5M ($0.38/sh) for Q3 2023 vs $43.4M ($0.58/sh) YoY and $32.0M ($0.43/sh) QoQ.
- Net interest margin 2.96% vs 3.11% QoQ and 3.51% YoY; loan portfolio grew 5.2% ann. to $10.67B.
- Provision for credit losses $11.0M vs $10.4M QoQ; allowance for credit losses 1.01% of loans vs 0.97%.
- Declared quarterly dividend $0.24/sh, unchanged; payable Nov 24, record Nov 10.
- Merger with Lakeland pending; transaction costs $2.3M in Q3; regulatory discussions ongoing.

## SEC filing metadata
- accession: 0001628280-23-035379
- form_type: 8-K
- ticker: PFS
- cik: 0001178970
- company_name: PROVIDENT FINANCIAL SERVICES INC
- filed_at: 2023-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1178970/000162828023035379/0001628280-23-035379-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1178970/000162828023035379/pfs-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-035379
- JSON: https://secwatch.observer/filing/0001628280-23-035379.json
- Plain text: https://secwatch.observer/filing/0001628280-23-035379.txt

## Key facts
- Earnings Releases
  PROVIDENT FINANCIAL SERVICES INC reported the three and nine months ended September 30, 2023 results: net income $28.5 million, EPS $0.38 per basic and diluted share.
  - Period: the three and nine months ended September 30, 2023
  - Net income: $28.5 million
  - EPS: $0.38 per basic and diluted share
  - Result: reported results
  source text: Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) reported net income of $28.5 million, or $0.38 per basic and diluted share for the three months ended September 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1178970/000162828023035379/0001628280-23-035379-index.htm

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