---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-033104"
form_type: "8-K"
ticker: "PFS"
cik: "0001178970"
company_name: "PROVIDENT FINANCIAL SERVICES INC"
filed_at: "2024-07-26T23:59:59+00:00"
generated_at: "2026-05-31T15:55:30.496559+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Provident posts Q2 net loss of $11.5M on Lakeland merger costs; declares $0.24 dividend

## Summary
- Net loss of $11.5M ($0.11 diluted EPS) vs net income of $32.1M in Q1 2024 and $32.0M in Q2 2023.
- Net interest income rose $47.8M to $141.5M; NIM expanded 34 bps to 3.21% with 47 bps from purchase accounting accretion.
- Provision for credit losses was $66.1M, including $60.1M initial CECL charge from Lakeland merger; merger costs totaled $18.9M in Q2.
- Completed merger with Lakeland on May 16, adding $10.9B assets, $7.9B loans, and $8.6B deposits.
- Declared quarterly cash dividend of $0.24/share, payable Aug 30 to holders of record Aug 16.

## SEC filing metadata
- accession: 0001628280-24-033104
- form_type: 8-K
- ticker: PFS
- cik: 0001178970
- company_name: PROVIDENT FINANCIAL SERVICES INC
- filed_at: 2024-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1178970/000162828024033104/0001628280-24-033104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1178970/000162828024033104/pfs-20240725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-033104
- JSON: https://secwatch.observer/filing/0001628280-24-033104.json
- Plain text: https://secwatch.observer/filing/0001628280-24-033104.txt

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