| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 17.73 | 3.0% | 0.7% |
| Total Income | 17.73 | 3.0% | 0.7% |
| Expenditure | -83.89 | 0.3% | 77.0% |
| PBT | 101.62 | 0.8% | 55.7% |
| Net Profit | 71.72 | 0.4% | 54.5% |
| OPM | — | ||
| NPM | 100.00% | 0.00pp | 0.00pp |
| EPS | 0.55 | 0.0% | 52.8% |
Provident Financial Services Reports Q3 2025 Earnings of $71.7 Million
04 May 2026 · 4 May, 8:37 am
Summary
Provident Financial Services, Inc. reported net income of $71.7 million, or $0.55 per share, for the three months ended September 30, 2025. The company achieved record revenue for the second consecutive quarter, reaching $221.8 million. The net interest margin increased to 3.43%, and total deposits grew to $19.10 billion. The commercial and industrial loan portfolio also saw significant growth, increasing to $4.84 billion.
Key Highlights
- 1
Provident Financial Services reported net income of $71.7 million, or $0.55 per basic and diluted share, for the three months ended September 30, 2025.
- 2
The Company achieved record revenue for a second consecutive quarter of $221.8 million for the three months ended September 30, 2025.
- 3
The net interest margin increased seven basis points to 3.43% for the quarter ended September 30, 2025, from 3.36% for the trailing quarter.
- 4
Total deposits increased $387.7 million, or 8.22% annualized, to $19.10 billion as of September 30, 2025, from $18.71 billion as of June 30, 2025.
- 5
The Company's commercial and industrial loan portfolio, excluding mortgage warehouse lines, increased $149.0 million, or 12.61% annualized, to $4.84 billion as of September 30, 2025.
- 6
Tangible book value per share increased 3.6% to $15.13 as of September 30, 2025.
- 7
The Company's loan pipeline totaled $2.87 billion as of September 30, 2025, with a weighted average interest rate of 6.15%.
Management Comments
Anthony J. Labozzetta
Provident continued to make progress on several strategic initiatives and delivered another impressive performance this quarter. We again achieved record revenues and pre-tax, pre-provision earnings by responsibly growing earning assets and deposits, while further improving operational efficiency and maintaining strong asset quality. We continued to invest in accomplished talent and technology and look forward to the sustained growth of our business and profitability.
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