Quarterly ResultApr 30, 2026, 10:51 AM
PFS Q1 Diluted EPS $0.61; ROAA 1.29%; PPNR ROAA 1.75%
AI Summary
Provident Financial Services, Inc. reported Q1 2026 diluted EPS of $0.61, with ROAA at 1.29% and ROATCE at 16.58%. The company achieved a 13.5% year-over-year PPNR growth, leading to a 1.75% PPNR ROAA, and saw net interest income increase by 7%. Strong loan growth continued, with total commercial loans up 3.9% annualized and a record loan pipeline of $3.11 billion. The company also provided 2026 guidance, projecting 4-6% annualized loan and deposit growth and a net interest margin of 3.40% to 3.45%.
Key Highlights
- Diluted EPS was $0.61 for Q1 2026.
- ROAA reached 1.29% and ROATCE was 16.58%.
- PPNR ROAA expanded 14 bps YoY to 1.75%.
- Net interest income grew 7% YoY; revenues reached $225 million.
- Total commercial loans increased 3.9% annualized; pipeline at record $3.11 billion.
- Stock buybacks of 588,923 shares at an average cost of $21.04 per share.
- 2026 guidance: 4-6% annualized loan and deposit growth.
- 2026 guidance: Net Interest Margin 3.40% to 3.45% reported.