PROVIDENT FINANCIAL SERVICES INC — Form 8-K
Filed July 30, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Provident Financial (market cap ~$2.1B) reported Q2 2026 core diluted EPS of $0.61 with core ROAA of 1.27% and core ROATCE of 16.22%. Net interest income grew 8% YoY to $203M; total loans grew to $20.1B (+8.16% QoQ annualized), driven by commercial loan originations of $696.9M. Deposits rose $445M QoQ to $19.5B; net interest margin expanded to 3.48% (core 3.09%). Stock buybacks totaled 614,722 shares at $21.09/share. Guidance: 5–6% annualized loan/deposit growth, 3.45–3.50% NIM, $29M quarterly non-interest income for H2 2026.
Why this rating
Routine quarterly earnings; solid but incremental improvements in profitability, margin, and loan growth. No material M&A, no guidance cuts, no crises. Strong credit metrics and capital ratios. Buyback and dividend payout (40%) normal for bank. Event is ordinary periodic disclosure; positive operational trends do not offset routine nature relative to $2.1B market cap.
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