secwatch.observer — SEC 8-K summary
======================================

Issuer:     PROVIDENT FINANCIAL SERVICES INC (PFS)
CIK:        0001178970
Form:       8-K
Filed at:   2026-04-30T23:59:59+00:00
Accession:  0001628280-26-028665
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1178970/000162828026028665/0001628280-26-028665-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1178970/000162828026028665/pfs-20260429.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-028665

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