---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-002309"
form_type: "8-K"
ticker: "PFS"
cik: "0001178970"
company_name: "PROVIDENT FINANCIAL SERVICES INC"
filed_at: "2024-01-26T23:59:59+00:00"
generated_at: "2026-06-06T16:26:04.946434+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Provident Financial Q4 net income falls to $27.3M ($0.36 EPS) from $49.0M; dividend $0.24

## Summary
- Q4 net income $27.3M ($0.36 diluted EPS) vs $49.0M ($0.66) year ago; full year $128.4M ($1.71) vs $175.6M ($2.35).
- Net interest margin 2.92% (down 70bp YoY); loan portfolio grew $206.1M (7.7% annualized) to $10.87B.
- Merger with Lakeland extended to March 31, 2024 pending regulatory approvals; transaction costs $2.5M in Q4.
- Quarter included $3.0M litigation reserve, $2.0M foreclosed property write-down, and $775k FDIC assessment.
- Dividend $0.24/share payable Feb 23, record Feb 9; annual meeting April 25 virtual.

## SEC filing metadata
- accession: 0001628280-24-002309
- form_type: 8-K
- ticker: PFS
- cik: 0001178970
- company_name: PROVIDENT FINANCIAL SERVICES INC
- filed_at: 2024-01-26T23:59:59+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/1178970/000162828024002309/0001628280-24-002309-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1178970/000162828024002309/pfs-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-002309
- JSON: https://secwatch.observer/filing/0001628280-24-002309.json
- Plain text: https://secwatch.observer/filing/0001628280-24-002309.txt

## Key facts
- Earnings Releases
  PROVIDENT FINANCIAL SERVICES INC reported the year ended December 31, 2023 results: net income $128.4 million, EPS $1.72 per basic share and $1.71 per diluted share.
  - Period: the year ended December 31, 2023
  - Net income: $128.4 million
  - EPS: $1.72 per basic share and $1.71 per diluted share
  - Result: reported results
  source text: For the year ended December 31, 2023, net income totaled $128.4 million, or $1.72 per basic share and $1.71 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1178970/000162828024002309/0001628280-24-002309-index.htm
- Earnings Releases
  PROVIDENT FINANCIAL SERVICES INC reported the three months ended December 31, 2023 results: net income $27.3 million, EPS $0.36 per basic and diluted share.
  - Period: the three months ended December 31, 2023
  - Net income: $27.3 million
  - EPS: $0.36 per basic and diluted share
  - Result: reported results
  source text: Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) reported net income of $27.3 million, or $0.36 per basic and diluted share for the three months ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1178970/000162828024002309/0001628280-24-002309-index.htm

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