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Provident Financial Services, Inc. reports developments tied to its role as the holding company for Provident Bank, a community-focused financial institution serving New Jersey, eastern Pennsylvania, and parts of New York. The bank provides commercial and consumer banking, digital banking, branch-based services, fiduciary and wealth management services through Beacon Trust Company, and insurance services through Provident Protection Plus, Inc.
Recurring news includes quarterly earnings, net interest income, loan and deposit trends, credit quality, noninterest revenue, and capital returns through common-stock dividends. Company updates also cover middle market and asset-based lending activity, wealth management staffing and advisory capabilities, investor relations, and other operating changes across the banking, wealth, and insurance businesses.
Provident Bank (NYSE:PFS) appointed Annamaria Vitelli as Executive Vice President, Chief Wealth Officer of Provident Bank and President of Beacon Trust, effective immediately (June 4, 2026).
She will lead strategic growth of the wealth management business, oversee investment, trust and fiduciary services, and join the Executive Leadership Team.
Provident Bank (NYSE:PFS) promoted Jessica Dudick to Senior Vice President, Team Leader for the Monmouth/Ocean commercial and industrial (C&I) lending team. Based in Iselin, New Jersey, she will manage relationship managers and lending specialists serving small- to mid-sized businesses in Monmouth and Ocean Counties.
Her role includes growing the commercial loan portfolio, deposits, and treasury management business, while coaching her team on structuring loans, reviewing term sheets, and supporting approvals. Dudick joined Provident Bank in 2021 and has over 20 years of commercial lending and relationship management experience.
Provident Bank (NYSE:PFS) released its 2026 Consumer Survey on U.S. household finances amid inflation, high rates, and a weak housing market.
Key findings: 64% are highly concerned about cost of living; many are changing credit card behavior, delaying home moves, and demanding stronger financial education from banks.
Provident Financial Services (NYSE: PFS) reported a steady 1Q26 with net income $79.4M and diluted EPS $0.61, down from $83.4M and $0.64 in 4Q25. Key operating metrics: ROAA 1.29%, pre-provision net-revenue ROAA 1.75%, and ROATCE 16.58%. Revenue stayed above $225M for a second consecutive quarter, supported by record noninterest income of $31.5M.
Loan pipeline hit a record $3.11B, TBV rose 2.1% q/q and TCE improved to 8.55%. The senior housing–related increase in NPLs is identified as the main credit-watch item to monitor.
Provident Financial Services (NYSE:PFS) declared a quarterly cash dividend of $0.24 per common share. The dividend is payable on May 29, 2026 to shareholders of record at the close of business on May 15, 2026.
Provident Financial Services (NYSE: PFS) reported Q1 2026 net income of $79.4 million ($0.61 per share), up from $64.0 million a year earlier and down from $83.4 million in the prior quarter. Revenue was $225.2 million with record non-interest income of $31.5 million. Loan pipeline reached a record $3.11 billion; tangible book value per share rose to $16.03.
Pre-provision, net revenue grew 13.5% year-over-year. Non-performing loans increased to 0.73%, driven by four senior housing commercial loans totaling $82.1 million tied to bankruptcy filings.
Provident Bank (NYSE:PFS) announced on April 28, 2026 that Bruce Gibson joined as First Vice President, Senior Relationship Manager on its Asset-Based Lending (ABL) team.
Gibson brings nearly 40 years of ABL experience and will originate, structure, and manage ABL relationships across the Northeast, working with private equity sponsors and business owners.
Provident Financial Services (NYSE: PFS) will release first quarter 2026 results after market close on April 29, 2026 and host an investor conference call on April 30, 2026 at 10:00 a.m. ET. A replay will run from noon ET on April 30 through May 14, 2026.
According to the company, the call and archived webcast will be available via www.Provident.Bank. As of December 31, 2025, the company reported $24.98 billion in assets.
Provident Bank (PFS) announced four senior hires for Beacon Trust, its full-service wealth management subsidiary, on March 31, 2026. The additions—three Wealth Management Relationship Managers and one Business Development Officer—are intended to expand advisory capacity, deepen relationships with high-net-worth clients, and accelerate regional growth.
Provident Financial Services (NYSE: PFS) today named Michael A. Perito Head of Investor Relations, effective immediately, while he continues as Senior Vice President and Head of Corporate Strategy at Provident Bank.
Perito joined Provident in 2025, brings nearly 15 years of banking and equity research experience, and previously served as Managing Director, Equity Research for Banks and Financial Technology at Keefe, Bruyette & Woods.