Quarterly ResultOct 29, 2026, 12:56 PM
Provident Financial Q3 EPS $0.65; Core ROAA 1.30%
AI Summary
Provident Financial Services, Inc. released its third quarter 2026 results, reporting core diluted EPS of $0.65 and strong profitability metrics with core ROAA at 1.30% and core ROATCE at 16.57%. The company saw a 7% year-over-year increase in net interest income and a 5% annualized growth in total deposits. While total non-interest expense rose due to a debt extinguishment loss, the company maintained strong capital ratios and provided positive 2026 guidance for loan and deposit growth.
Key Highlights
- Provident Financial Services, Inc. reported Q3 2026 core diluted EPS of $0.65.
- Core ROAA for Q3 2026 was 1.30%, and core ROATCE was 16.57%.
- Net interest income grew 7% year-over-year, benefiting from higher net interest margin and earning assets.
- Total deposits grew over 5% QoQ annualized, driven by non-interest bearing and municipal balances.
- Total non-interest expense increased $21.4 million to $140.7 million, including a $17.5 million loss on extinguishment of debt.
- The company provided 2026 guidance: 5-6% annualized loan and deposit growth, 3.45-3.50% net interest margin, and expected charge-off ratio of 5 to 10 bps.
Price Impact
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