PROVIDENT FINANCIAL SERVICES INC — Form 8-K
Filed July 30, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
Provident Financial Services reported Q2 2026 net income of $78.1M ($0.60 EPS), down slightly from Q1 2026 ($79.4M, $0.61 EPS) but up 8.5% YoY from Q2 2025 ($72.0M, $0.55 EPS). Net interest income reached $202.7M (record), up $15.6M YoY; net interest margin expanded to 3.48% from 3.36% YoY. Commercial loans grew 9.9% annualized; loan pipeline reached $3.17B at 6.33% weighted average rate. Non-performing loans declined $6.0M to $136.9M; tangible book value per share grew 12% YoY to $16.42; core efficiency ratio improved to 49.75% from 53.52% YoY.
Why this rating
Solid operational earnings growth (EPS +8.5% YoY), expanding NIM, strong loan growth in commercial book, improving credit quality. Events ordinary for bank cycle; no major M&A, strategic shifts, or adverse material changes relative to $2.1B market cap.
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