---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-016891"
form_type: "8-K"
ticker: "PFS"
cik: "0001178970"
company_name: "PROVIDENT FINANCIAL SERVICES INC"
filed_at: "2024-04-19T23:59:59+00:00"
generated_at: "2026-06-03T15:16:05.004307+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Provident Financial Q1 net income $32.1M, EPS $0.43; net interest margin narrows to 2.87%

## Summary
- Net income $32.1M ($0.43 diluted) vs $40.5M ($0.54) in Q1 2023, down 20.7%.
- Net interest margin 2.87% vs 3.48% a year ago, down 61 bps; net interest income $93.7M vs $108.3M.
- All regulatory approvals obtained for Lakeland Bancorp merger; closing subject to subordinated debt offering.
- Quarterly dividend $0.24 per share, payable May 31 to record Apr 29; unchanged.
- Non-performing loans improved to 0.44% of total loans; C&I loans grew 11.5% annualized.

## SEC filing metadata
- accession: 0001628280-24-016891
- form_type: 8-K
- ticker: PFS
- cik: 0001178970
- company_name: PROVIDENT FINANCIAL SERVICES INC
- filed_at: 2024-04-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1178970/000162828024016891/0001628280-24-016891-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1178970/000162828024016891/pfs-20240418.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-016891
- JSON: https://secwatch.observer/filing/0001628280-24-016891.json
- Plain text: https://secwatch.observer/filing/0001628280-24-016891.txt

## Key facts
- Earnings Releases
  PROVIDENT FINANCIAL SERVICES INC reported the three months ended March 31, 2024 results: net income $32.1 million, EPS $0.43 per basic and diluted share.
  - Period: the three months ended March 31, 2024
  - Net income: $32.1 million
  - EPS: $0.43 per basic and diluted share
  - Result: reported results
  source text: Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) reported net income of $32.1 million, or $0.43 per basic and diluted share for the three months ended March 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1178970/000162828024016891/0001628280-24-016891-index.htm

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