Provident Financial Q1 net income $79.4M ($0.61/sh); NPLs rise on senior housing loans

PROVIDENT FINANCIAL SERVICES INC

2026-Q1 EPS reported $0.61 revenue$20,608,000

Net income $79.4M ($0.61 EPS) vs $64.0M ($0.49) year ago; revenue $225.2M (+$16.4M YoY).
Net interest margin 3.40% (down 4bps QoQ, up 6bps YoY); core NIM up 3bps QoQ to 3.04%.
NPLs to loans 0.73% vs 0.40% prior quarter; $82.1M in four senior housing loans subject to bankruptcy with strong collateral.
Loan pipeline record $3.11B at 6.24% weighted average rate; commercial loans grew $123.1M annualized.
Repurchased 588,923 shares for $12.4M ($21.04 avg); tangible book value per share $16.03 (+2.1%).

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PROVIDENT FINANCIAL SERVICES INC reported the three months ended March 31, 2026 results: net income $79.4 million, or $0.61 per basic and diluted share.

Period: the three months ended March 31, 2026
Net income: $79.4 million, or $0.61 per basic and diluted share
Result: reported results

Exact text from the filing

Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) reported net income of $79.4 million, or $0.61 per basic and diluted share for the three months ended March 31, 2026

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Source: SEC EDGAR

accession 0001628280-26-028665

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