PROVIDENT FINANCIAL SERVICES INC (PFS) Form 10-Q — Nov 6, 2026
Provident Financial Services reported Q3 2026 net income of $69.2 million, or $0.53 per diluted share, down from $71.7 million, or $0.55, a year earlier, with the quarter weighed down by a $17.5 million loss on extinguishment of subordinated debt and $3.7 million of core system conversion costs. The underlying franchise strengthened: net interest income rose 7% to $208.0 million, net interest margin expanded 7 basis points to 3.50%, and nine-month EPS grew to $1.74 from $1.59 as loan growth and favorable deposit repricing offset lower loan yields. Credit quality deteriorated notably.
Key figures
- Eps
- 0.53
- Revenue
- 338271000
- Net Income
- 69159000
- Total Assets
- 25847459000
- Cash Position
- 266002000
- Shares Outstanding
- 130419220
- Q3 2025 eps
- 0.55
- Nine month eps
- 1.74
- Total deposits
- 19806835000
- Cre concentration
- 60.2% of total loans
- Allowance coverage
- 94 bps
- Q3 2025 net income
- 71720000
- Nonperforming loans
- 140142000
- Nine month net income
- 226724000
- Net interest margin q3
- 3.50%
- Loans held for investment
- 20170070000
- Nonperforming loans dec2025
- 78420000
- Loss on debt extinguishment q3
- 17501000
AI analysis
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