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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 Financial Services (NYSE:PFS) corrected its earlier release to state a quarterly cash dividend of $0.24 per common share payable on November 28, 2025 to stockholders of record as of the close of business on November 14, 2025. The correction changes the payable date from November 18 to November 28 in the first paragraph.
This clarifies timing for payments and recordkeeping for PFS shareholders ahead of the November 14, 2025 record date.
Provident Financial Services (NYSE: PFS) announced a quarterly cash dividend of $0.24 per common share. The dividend is payable on November 18, 2025 to shareholders of record at the close of business on November 14, 2025. This declaration provides a near-term cash return to shareholders.
Provident Financial Services (NYSE:PFS) reported Q3 2025 net income of $71.7 million ($0.55 per share) and record quarterly revenue of $221.8 million, driven by net interest income of $194.3 million. Nine‑month net income rose to $207.7 million versus $67.0 million a year earlier. Deposits increased to $19.10 billion, loans and pipeline grew (C&I loans to $4.84 billion; pipeline $2.87 billion at 6.15%), tangible book value per share rose to $15.13, and asset quality remained stable.
Provident Protection Plus (PFS) retained its Best Practices status for 2025 and was named a top-performing independent insurance agency for the third consecutive year.
Out of 1,146 agencies nominated nationwide, only 348 qualified as Best Practices Agencies. The designation is awarded by the Independent Insurance Agents & Brokers of America and Reagan Consulting after a rigorous nomination and qualifying process.
Best Practices winners must rank among the top 35–45 agencies in their revenue category and submit extensive financial and operational data; 2025 begins the current three-year study cycle.
Provident Bank (PFS) announced on October 23, 2025 that it awarded $63,000 in grants to eight New Jersey non-profit organizations through its Community Partnership Program. The grants support community development, economic empowerment, financial literacy, education, and housing/homeownership in low- and moderate-income communities across New Jersey.
The eight recipients include Housing & Community Development Network of NJ, Urban League of Essex County, Ironbound Community Corporation, Housing Partnership, Central Jersey Housing Resource Center, NORWESCAP, Invest Newark, and New Jersey Community Capital. Provident says the program furthers long-term economic prosperity and financial empowerment locally.
Provident Bank (NYSE:PFS) on Oct 14, 2025 appointed Renee Altomonte as Executive Vice President, Retail Banking Director.
Reporting to Vito Giannola, she will oversee the branch network across New Jersey, Eastern Pennsylvania, and parts of New York, lead retail sales and service, optimize branch operations, and execute the retail strategic plan to grow deposits and the customer base while enhancing customer experience.
Altomonte brings over 30 years of financial‑services leadership, including senior roles at TD Bank, and will focus on driving profitable growth and operational excellence across the retail footprint.
Provident Bank (NYSE:PFS) appointed Annamaria Vitelli as Executive Vice President, Chief Growth Officer for Beacon Trust on October 7, 2025. The newly created role will oversee growth and retention of client relationships, lead business development and wealth advisory teams, and collaborate with Beacon Trust President Valerie Murray on a strategic sales and retention plan to expand market presence.
Ms. Vitelli previously served as Executive Vice President, Head of Hawthorn at PNC Private Bank, where she led an ultra-high-net-worth segment and oversaw a team of more than 200 professionals serving clients with investable assets exceeding $20 million. She holds a J.D. and an LL.M. in Taxation, both cum laude from Temple University Beasley School of Law.
Provident Financial Services (NYSE:PFS) has scheduled its Q3 2025 earnings conference call for October 30, 2025, at 2:00 p.m. ET. The financial results for the quarter ending September 30, 2025, will be released on October 29, 2025, after market close.
The company, which operates through Provident Bank with assets of $24.5 billion as of June 30, 2025, will make the earnings release available on their website. The bank maintains a network of branches across New Jersey, eastern Pennsylvania, and select New York counties, offering additional services through subsidiaries Beacon Trust Company and Provident Protection Plus.
The Provident Bank Foundation (PBF) has announced its first-ever Empowerment Grant recipients, awarding 41 multi-year grants totaling $515,000 annually to nonprofit organizations across New Jersey, New York, and Pennsylvania. The grants, ranging from $5,000 to $20,000 each, will be automatically renewed in 2026.
The grants focus on three priority areas: Education, Human Services, and Workforce Development. Recipients include organizations working in community colleges, vocational programs, housing assistance, food security, healthcare access, youth mental health, job training, and reentry programs. The initiative emerged from PBF's strategic revisioning process aimed at advancing equity and inclusion, particularly supporting communities affected by systemic inequities.
Provident Bank (PFS) has appointed Michael A. Perito as Senior Vice President and Head of Corporate Strategy, a newly created position. Reporting to EVP and Chief Accounting Officer Adriano Duarte, Perito will oversee the bank's strategic planning, growth initiatives, and market alignment.
Perito brings nearly 15 years of experience in financial services and fintech. He joins from The Travillian Group, where he founded their bank consulting practice. Previously, he served as Managing Director at Keefe, Bruyette & Woods, covering fintech-enabled and regional banks. His expertise includes strategic planning, investor relations, corporate development, and digital strategy.