Provident Financial Q2 net income $72M ($0.55 EPS); record revenue $214.2M, NIM expands to 3.36%

PROVIDENT FINANCIAL SERVICES INC

2025-Q2 EPS reported $1.04 revenue$37,146,000

Net income $72.0M ($0.55 diluted EPS) vs $64.0M ($0.49) in Q1 and net loss of $11.5M in Q2 2024 (which had $79M merger costs).
Record revenue $214.2M; net interest income $187.1M; net interest margin up 2 bps to 3.36%.
Benefit to provision for credit losses on loans of $2.7M; net charge-offs low at 3 bps annualized.
Commercial loan growth: C&I up 16.26% annualized to $4.69B; total commercial up 7.98% to $16.51B.
Tangible book value per share up 3.2% to $14.60; non-performing loans at 0.56% of total loans.

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