Quarterly ResultJul 29, 2026, 04:33 PM
Provident Financial Q2 Net Income $78.1M; EPS $0.60
AI Summary
Provident Financial Services reported Q2 2026 net income of $78.1 million, or $0.60 per share, an increase from $72.0 million, or $0.55 per share, in Q2 2025. Core net income for the quarter was $79.9 million, or $0.61 per share. The company achieved record pre-provision net revenue, driven by expanding net interest income and higher non-interest income, alongside strong commercial loan growth and improved capital metrics.
Key Highlights
- Net income for Q2 2026 was $78.1 million, or $0.60 per share.
- Core net income for Q2 2026 was $79.9 million, or $0.61 per share.
- Net interest income increased $15.6 million to $202.7 million year-over-year.
- Non-interest income increased $4.9 million to $32.0 million year-over-year.
- Total commercial loans increased 9.9% annualized for the quarter.
- Tangible book value per share grew 12% year-over-year to $16.42.
- Tangible common equity ratio increased to 8.60% from 8.03% year-over-year.
- Net interest margin improved to 3.48% from 3.36% in the prior year quarter.
Price Impact
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