Highest-materiality recent filing
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).
Provident Financial Q4 net income $83.4M ($0.64/sh); full-year net income $291.2M
Q4 net income $83.4M ($0.64/sh) vs $71.7M ($0.55) in Q3 and $48.5M ($0.37) in Q4 2024.
Board authorized tenth buyback; with 814,247 shares remaining, total up to ~2.81M shares (2.15% of outstanding).
Provident CFO Thomas Lyons to retire; will remain as advisor until Jan 2027
Lyons notified of resignation on Jan 13, 2026; effective earlier of June 30, 2026 or successor appointment.
Provident Financial Q3 net income $71.7M, EPS $0.55; record revenue $221.8M
Net income $71.7M ($0.55 diluted EPS) vs $72.0M in Q2 2025 and $46.4M in Q3 2024.
Provident Financial Q2 net income $72M ($0.55 EPS); record revenue $214.2M, NIM expands to 3.36%
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).
Provident Q1 net income $64M, EPS $0.49; declares $0.24 dividend
Net income $64.0M ($0.49/share) vs $48.5M ($0.37) in Q4 2024 and $32.1M ($0.43) in Q1 2024.
Provident Financial Q4 net income $48.5M, $0.37 EPS; asset quality improves, deposits grow
Q4 net income $48.5M ($0.37 EPS) vs $46.4M ($0.36) prior Q and $27.3M ($0.36) a year ago.
Provident posts $46.4M net income in Q3, Lakeland merger complete; declares $0.24 dividend
Net income of $46.4M ($0.36/share) in Q3 2024 vs net loss of $11.5M in Q2 2024; net income $28.5M ($0.38) in Q3 2023.
Provident posts Q2 net loss of $11.5M on Lakeland merger costs; declares $0.24 dividend
Net loss of $11.5M ($0.11 diluted EPS) vs net income of $32.1M in Q1 2024 and $32.0M in Q2 2023.
Provident completes merger with Lakeland Bancorp; combined assets $24.5B
Lakeland shareholders receive 0.8319 PFS shares per share; combined ownership 58% Provident, 42% Lakeland.
Provident closes $225M subordinated notes offering; Lakeland merger to close May 15
Completed offering of $225M 9.00% fixed-to-floating subordinated notes due 2034 at par; net proceeds ~$219.3M.
Provident Financial Services prices $225M 9% subordinated notes due 2034, upsized from $200M
$225M aggregate principal of 9.00% Fixed-to-Floating Rate Subordinated Notes due 2034; upsized from previously announced $200M.
Exchange ratio fixed at 0.8319 Provident shares per Lakeland share; no adjustment for price changes.
Provident Financial gets regulatory approvals for Lakeland merger; must raise $200M sub-debt
FDIC, Fed, and NJ DOI approved merger with Lakeland Bancorp; conditions include $200M Tier 2 subordinated debt raise.
Provident Financial Q1 net income $32.1M, EPS $0.43; net interest margin narrows to 2.87%
Net income $32.1M ($0.43 diluted) vs $40.5M ($0.54) in Q1 2023, down 20.7%.
Provident gets Fed approval for Lakeland merger; must issue $200M sub-debt
Federal Reserve approved Provident-Lakeland merger; no further regulatory approvals required.
Provident Financial receives FDIC and NJ approvals for Lakeland merger; $200M sub-debt required
FDIC and NJ Department of Banking and Insurance approved the merger of Provident and Lakeland.
Provident Financial Q4 net income falls to $27.3M ($0.36 EPS) from $49.0M; dividend $0.24
Q4 net income $27.3M ($0.36 diluted EPS) vs $49.0M ($0.66) year ago; full year $128.4M ($1.71) vs $175.6M ($2.35).
effective as of the Effective Time, Mr. Shara, the President and Chief Executive Officer of Lakeland prior to the Effective Time, was appointed Executive Vice Chairman of Provident.
at the Effective Time, Terence Gallagher and Robert McNerney (the “Resigning Directors”) resigned as members of the Board.
at the Effective Time, Terence Gallagher and Robert McNerney (the “Resigning Directors”) resigned as members of the Board.
Effective April 3, 2023, Adriano Duarte CPA, currently Senior Vice President and Controller of the Company, was appointed to the role of Executive Vice President and Chief Accounting Officer of the Company.
On April 3, 2023, Frank S. Muzio who served as Executive Vice President and Chief Accounting Officer of Provident Bank, the wholly owned subsidiary of Provident Financial Services, Inc. (together the “Company"), retired from the Company after almost 13 years of service.
Christopher Martin, age 65, who currently serves as Chief Executive Officer of Provident Financial and the Bank, has been appointed Executive Chairman of Provident Financial and the Bank.
Anthony Labozzetta, who currently serves as President and Chief Operating Officer of Provident Financial Services, Inc. (“Provident Financial”) and its wholly owned subsidiary, Provident Bank (the “Bank”), has been appointed to serve as President and Chief Executive Officer of Provident Financial and the Bank.
Max materiality 0.90 · Median 0.50 · Most common event earnings