PROVIDENT FINANCIAL SERVICES INC — Form 8-K

Provident Financial Services (market cap ~$2.1B) reported Q3 2026 core diluted EPS of $0.65 with core ROAA of 1.30% and core ROATCE of 16.57%. Key drivers: net interest income grew 7% YoY to $208M; total loans grew 2.47% QoQ ($20.2B outstanding); total deposits grew 5.31% QoQ ($19.8B outstanding); non-interest income totaled $30.5M. A $17.5M one-time loss on debt extinguishment (accelerated amortization of purchase accounting adjustments) and $3.7M core systems conversion costs temporarily elevated Q3 non-interest expense to $140.7M (efficiency ratio 49.93%). Excluding these one-time charges, adjusted efficiency ratio was 46.34%. Company guides 2026 to 5–6% loan and deposit growth; 3.45–3.50% net interest margin reported; efficiency ratio target ~50%.