Provident Financial Services, Inc. Reports Third Quarter Earnings
Provident Financial Services reported Q3 2026 net income of $69.2 million, or $0.53 per share, down from $0.55 a year ago, weighed down by a $17.5 million loss on extinguishment of subordinated debt, $3.7 million of core-conversion costs, and $465,000 of branch restructuring expense. Excluding those items, core net income was $84.3 million or $0.65 per share, with record net interest income of $208.0 million and net interest margin expanding 7 basis points year-over-year to 3.50%. Core PPNR grew 10% YoY to $119.5 million, and deposits rose 5.31% annualized to $19.81 billion.
Key figures
- Eps
- $0.53 GAAP; $0.65 core (non-GAAP)
- Core ppnr
- $119.5 million
- Npa ratio
- 0.55% of assets
- Net income
- $69.2 million
- Total loans
- $20.17 billion
- Loan pipeline
- $3.03 billion
- Total deposits
- $19.81 billion
- Core net income
- $84.3 million
- Net interest income
- $208.0 million (record, +$13.7M YoY)
- Net interest margin
- 3.50%
- Core conversion costs
- $3.7 million
- Loss on debt extinguishment
- $17.5 million
- Tangible book value per share
- $16.16
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.