PROVIDENT FINANCIAL SERVICES INC (PFS) Form 10-Q — Aug 7, 2026

$PFSForm 10-QFiled Aug 7, 2026, 3:07 PM ET0001628280-26-054777Original filing

Provident Financial Services reported Q2 2026 net income of $78.1 million, or $0.60 per basic and diluted share, up from $72.0 million, or $0.55, a year earlier, as net interest income rose $15.6 million to $202.7 million and the net interest margin expanded 12 basis points to 3.48%. The balance sheet grew alongside earnings: total assets reached $25.66 billion, loans held for investment hit $20.05 billion, and deposits rose $266.5 million to $19.55 billion, while the Company's CET1 ratio stood at 10.59% and a tenth 2.0 million-share buyback program was authorized in January 2026 with about 2.2 million shares eligible.

Key figures

Eps: $0.60 basic and diluted (Q2 2026) vs $0.55 (Q2 2025); $1.21 for six months vs $1.04
Net Income: $78.1 million Q2 2026 vs $72.0 million Q2 2025; $157.6 million for six months 2026
Total Debt: $2.41 billion borrowed funds plus $409.1 million subordinated debentures
Total Assets: $25.66 billion, up $682.6 million from December 31, 2025
Cash Position: $228.3 million cash and cash equivalents
Shares Outstanding: 130422618
Total Deposits: $19.55 billion, up $266.5 million in H1 2026
Company CET1 Ratio: 10.59%
Effective Tax Rate Q2: 26.3% vs 29.7% prior year
Non Performing Loans: $136.9 million, 0.68% of loans, vs $78.4 million, 0.40%, at Dec 31, 2025
Net Interest Income Q2: $202.7 million, up $15.6 million YoY
Net Interest Margin Q2: 3.48%, up 12 bps YoY
Non Interest Income Q2: $32.0 million, up $4.9 million YoY
Allowance Coverage Ratio: 0.92% of total loans
Buyback Shares Remaining: 2199471
Loans Held For Investment: $20.05 billion
Shares Repurchased H1 2026: 614,722 shares at average $21.09
Provision For Credit Losses Q2: $9.6 million (vs prior-year recapture of $2.7 million)
Senior Housing Bankruptcy Loans: $81.8 million across four commercial loans
Core System Conversion Expense Q2: $1.5 million
Bank Total Risk Based Capital Ratio: 13.00%

Price after filing

1 day: 0.0%7 days: +0.7%30 days: -3.0%

Close on the filing date to close N calendar days later (from $24.46). Historical, not a forecast.

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