secwatch.observer — SEC 8-K summary
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Issuer:     PROVIDENT FINANCIAL SERVICES INC (PFS)
CIK:        0001178970
Form:       8-K
Filed at:   2025-04-25T23:59:59+00:00
Accession:  0001628280-25-019833
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Provident Q1 net income $64M, EPS $0.49; declares $0.24 dividend
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- Net income $64.0M ($0.49/share) vs $48.5M ($0.37) in Q4 2024 and $32.1M ($0.43) in Q1 2024.
- Net interest margin expanded to 3.34% from 3.28% QoQ; core NIM up 9 bps to 2.94%.
- Commercial loan portfolio grew $150M (3.8% annualized); C&I loans up $74.3M (6.5% annualized).
- Provision for credit losses on loans dropped to $325K from $7.8M in Q4; allowance 1.02% of loans.
- Board declared $0.24/share quarterly dividend, payable May 30, 2025, record May 16, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1178970/000162828025019833/0001628280-25-019833-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1178970/000162828025019833/pfs-20250424.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-019833

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer