secwatch.observer — SEC 8-K summary
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Issuer:     PROVIDENT FINANCIAL SERVICES INC (PFS)
CIK:        0001178970
Form:       8-K
Filed at:   2025-07-24T23:59:59+00:00
Accession:  0001628280-25-035903
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1178970/000162828025035903/0001628280-25-035903-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1178970/000162828025035903/pfs-20250724.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-035903

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