PROVIDENT FINANCIAL SERVICES INC

Provident Financial Services announced the election of Michael E. Regan to its Board of Directors and the Board of Provident Bank, effective July 30, 2026. Mr. Regan will also serve on the Audit, Enterprise Risk, and Finance Committees, leading to an expansion of both boards from 12 to 13 directors. Additionally, Diane Gigliotti was promoted to Senior Vice President and Chief Accounting Officer, responsible for the company's accounting function, financial reporting, and regulatory oversight. Ms. Gigliotti will receive an annual base salary of $310,000, along with incentive opportunities.

Provident Financial Services, Inc. announced the appointment of Michael E. Regan to the boards of directors of the Company and its wholly owned subsidiary, Provident Bank, effective July 30, 2026. Mr. Regan is a seasoned financial regulatory executive with over 35 years of experience from the FDIC, where he advised on corporate governance, risk management, and regulatory compliance. The company expects his expertise to provide valuable perspective for strategic priorities and corporate governance.

Provident Financial Services, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per common share. This dividend is scheduled to be paid on August 28, 2026, to shareholders who are on record as of the close of business on August 14, 2026. The company is the holding company for Provident Bank, which offers a range of financial products and services.

Provident Financial Services reported strong second-quarter 2026 results, with core diluted EPS of $0.61, core ROAA of 1.27%, and core ROATCE of 16.22%. The company achieved an 18.3% increase in pre-provision net revenue (PPNR) year-over-year, driven by 8% growth in net interest income and record non-interest income. Loan growth remained robust, with total commercial loans increasing 9.9% annualized, and capital ratios stayed strong, with TBV growing 12% year-over-year.

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.

Provident Bank announced it has awarded $50,000 in grants to six non-profit organizations through the Federal Home Loan Bank of New York (FHLBNY) Small Business Recovery Grant (SBRG) Program. This initiative provides funds to support small businesses and non-profits facing economic challenges due to the current rate environment, inflation, supply-chain constraints, and rising energy costs. The bank emphasized its commitment to investing in the economic vitality of its local communities by providing resources to help these organizations thrive and continue delivering essential services.

Provident Financial Services, Inc. announced that it will release its financial results for the second quarter ended June 30, 2026, after market close on Wednesday, July 29, 2026. The company will host a conference call for investors on July 30, 2026, at 10:00 a.m. (ET) to discuss these results. Details for accessing the call via dial-in or webcast have been provided.

Provident Financial Services, Inc. announced the appointment of Adriano Duarte as Executive Vice President and Chief Financial Officer, effective July 1, 2026. Mr. Duarte, who previously served as EVP and Chief Accounting Officer, will continue in his CAO role and lead all financial aspects of the company. He succeeds Thomas Lyons, who retired. Additionally, James P. Dunigan retired from the company's Board of Directors on June 18, 2026.

Provident Bank announced it has awarded $1 million in funding to ten non-profit organizations through the New Jersey Department of Community Affairs' Neighborhood Revitalization Tax Credit (NRTC) Program for fiscal year 2026. This funding will enable the non-profits to implement revitalization plans focused on housing, economic development, job training, and complementary activities in various New Jersey neighborhoods. The bank emphasized its commitment to strengthening communities and expanding economic opportunities across the markets it serves.

Provident Bank announced the appointment of Annamaria Vitelli as Executive Vice President, Chief Wealth Officer of Provident Bank and President of Beacon Trust, effective immediately. In her new role, Ms. Vitelli will lead the strategic direction and growth of the bank's wealth management business, including investment management, trust, and fiduciary services, and will serve as a member of the Executive Leadership Team. Ms. Vitelli joined Beacon Trust in September 2025 as Executive Vice President and Chief Growth Officer, bringing over two decades of experience in wealth management, private banking, trust, and estate planning.