Provident Financial Services, Inc. Reports Second Quarter Earnings
Provident Financial Services reported Q2 2026 net income of $78.1 million, or $0.60 per share, up from $72.0 million, or $0.55 per share, in the prior year, driven by record net interest income of $202.7 million and an expanded net interest margin of 3.48%. The company demonstrated strong balance sheet growth with tangible book value per share increasing 12% year-over-year to $16.42, while core pre-provision net revenue reached $117.8 million and the core efficiency ratio improved to 49.75%.
Key figures
- Eps
- 0.6
- Core ppnr
- 117800000
- Total loans
- 20045752000
- Total assets
- 25663358000
- Total deposits
- 19545169000
- Efficiency ratio
- 49.75%
- Net interest income
- 202700000
- Net interest margin
- 3.48%
- Non interest income
- 32000000
- Non performing loans ratio
- 0.68%
- Provision for credit losses
- 9300000
- Tangible book value per share
- 16.42
AI analysis
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