Stonegate Capital Partners Initiates Coverage on Provident Financial Services Inc (PFS)
Provident Financial Services (NYSE:PFS) received coverage initiation from Stonegate Capital Partners following strong Q2 2025 performance. The company reported record quarterly revenue of $214.2M, with net income reaching $72.0M ($0.55 per share), up from $64.0M ($0.49 per share) in Q1 2025 and improving significantly from a net loss of $11.5M in Q2 2024.
The quarterly performance was driven by higher net interest income from new loan originations and improved adjustable-rate loan repricing. Net interest income reached $187.1M, complemented by $27.1M in non-interest income. Commercial loan balances grew by $319.3M, while non-performing assets improved to 0.44% of total assets.
Provident Financial Services (NYSE:PFS) ha ricevuto una copertura iniziale da Stonegate Capital Partners dopo una performance forte nel secondo trimestre 2025. L'azienda ha riportato fatturato trimestrale record di 214,2 milioni di dollari, con un utile netto di 72,0 milioni di dollari (0,55 dollari per azione), in aumento rispetto ai 64,0 milioni (0,49 dollari per azione) del Q1 2025 e migliorando significativamente rispetto a una perdita netta di 11,5 milioni di dollari nel Q2 2024.
La performance trimestrale è stata trainata da un maggiore reddito da interessi netti grazie alle nuove origini di prestiti e al miglioramento del reprice dei prestiti a tasso variabile. Il reddito da interessi netti ha raggiunto 187,1 milioni di dollari, affiancato da 27,1 milioni di dollari di reddito non legato agli interessi. I saldi dei prestiti commerciali sono cresciuti di 319,3 milioni di dollari, mentre gli attivi deteriorati si sono Badati a 0,44% del totale.
Provident Financial Services (NYSE:PFS) recibió cobertura inicial de Stonegate Capital Partners tras un sólido desempeño del 2T 2025. La empresa reportó ingresos trimestrales récord de 214,2 millones de dólares, con una ganancia neta de 72,0 millones de dólares (0,55 dólares por acción), frente a 64,0 millones (0,49 dólares por acción) en el 2T 2025 y una mejora significativa respecto a una pérdida neta de 11,5 millones de dólares en el 2T 2024.
El desempeño trimestral fue impulsado por un mayor ingreso neto por intereses gracias a nuevas originaciones de préstamos y a una mejora en el reprecio de préstamos a tasa variable. El ingreso neto por intereses alcanzó 187,1 millones de dólares, acompañado por 27,1 millones de dólares en ingresos no por intereses. Los saldos de préstamos comerciales crecieron en 319,3 millones de dólares, mientras que los activos problemáticos se mejoraron a 0,44% del total.
Provident Financial Services (NYSE:PFS)은 2025년 2분기의 강력한 성과에 따라 Stonegate Capital Partners의 커버리지 개시를 받았다. 회사는 분기 매출 RECORD 2억 1420만 달러를 보고했고, 순이익은 7200만 달러(주당 0.55달러)에 이르렀으며, 2025년 1분기의 6400만 달러(주당 0.49달러)에서 증가했고 2024년 2분기에 1150만 달러의 순손실을 기록했던 점에서 큰 개선을 보였다.
분기 실적은 새로운 대출 기원에서의 순이자 수익 증가와 조정 이자대출의 재가격조정 개선에 힘입었다. 순이자 수익은 187.1백만 달러에 달했고, 비이자수익은 27.1백만 달러였다. 상업용 대출 잔액은 319.3백만 달러 증가했고, 부실자산은 총자산의 0.44%로 개선되었다.
Provident Financial Services (NYSE:PFS) a reçu une initiation de couverture de Stonegate Capital Partners après de solides performances au 2T 2025. L'entreprise a enregistré un chiffre d'affaires trimestriel record de 214,2 millions de dollars, avec un bénéfice net de 72,0 millions de dollars (0,55 dollar par action), contre 64,0 millions (0,49 dollar par action) au 2T 2025 et une amélioration significative par rapport à une perte nette de 11,5 millions de dollars au 2T 2024.
La performance trimestrielle a été tirée par un revenu net d'intérêts plus élevé provenant des nouvelles origines de prêts et d'un réajustement des prêts à taux variable. Le revenu net d'intérêts s'est élevé à 187,1 millions de dollars, complété par 27,1 millions de dollars de revenus non liés aux intérêts. Les soldes de prêts commerciaux ont augmenté de 319,3 millions de dollars, tandis que les actifs non performants se sont améliorés à 0,44% du total.
Provident Financial Services (NYSE:PFS) erhielt eine Coverage-Einführung von Stonegate Capital Partners nach einer starken Q2-2025-Leistung. Das Unternehmen meldete umsatz im Quartal in Höhe von 214,2 Mio. USD, mit einem Nettogewinn von 72,0 Mio. USD (0,55 USD pro Aktie), gegenüber 64,0 Mio. USD (0,49 USD pro Aktie) im Q1 2025 und einer deutlichen Verbesserung gegenüber einem Nettogewinn von −11,5 Mio. USD im Q2 2024.
Die Quartalsleistung wurde von einem höheren Nettozinseinkommen aus neuen Kreditoriginierungen und einer verbesserten Neupreisung variabel verzinster Kredite getragen. Das Nettozinseinkommen erreichte 187,1 Mio. USD, ergänzt durch 27,1 Mio. USD Nicht-Zinserträge. Commercial-Loan-Bilanzen wuchsen um 319,3 Mio. USD, während notleidende Vermögenswerte auf 0,44% des Gesamtvermögens sanken.
Provident Financial Services (NYSE:PFS) تلقّت تغطية ابتدائية من Stonegate Capital Partners بعد أداء قوي في الربع الثاني من 2025. أعلنت الشركة عن إيرادات ربعية قياسية قدرها 214.2 مليون دولار، مع وصول الربح الصافي إلى 72.0 مليون دولار (0.55 دولاراً للسهم)، مرتفعاً من 64.0 مليوناً (0.49 دولار للسهم) في الربع الأول من 2025 وتحسن ملموس من خسارة صافية قدرها 11.5 مليون دولار في الربع الثاني من 2024.
كان الأداء الربعي مدفوعاً بـارتفاع صافي الدخل من الفوائد الناتج عن قروض جديدة وتحسن إعادة التسعير للقروض ذات الفائدة المتغيرة. بلغ صافي الدخل من الفوائد 187.1 مليون دولار، إلى جانب 27.1 مليون دولار من الدخل غير المتعلق بالفوائد. ارتفعت أرصدة القروض التجارية بمقدار 319.3 مليون دولار، بينما تحسن الأصول المتعثرة إلى 0.44% من إجمالي الأصول.
Provident Financial Services (NYSE:PFS) 在强劲的2025年第二季度业绩后，获得 Stonegate Capital Partners 的覆盖启动。公司报告了 季度收入创纪录的2.142亿美元，净利润为 7200万美元（每股0.55美元），高于2025年第一季度的 6400万美元（每股0.49美元），并显著好于2024年第二季度的净亏损1,150万美元。
季度业绩由净利息收入增加推动，源自新发放的贷款及对可调息贷款重新定价的改善。净利息收入达到1.871亿美元，辅以2,710万美元的非利息收入。商业贷款余额增长了3.193亿美元，不良资产占总资产比例降至0.44%。
- Record quarterly revenue of $214.2M
- Net income increased to $72.0M, up from $64.0M in Q1 2025
- Strong commercial loan growth of $319.3M
- Improved credit quality with non-performing assets at just 0.44% of total assets
- Successfully transitioned from net loss in Q2 2024 to significant profit in Q2 2025
- Higher compensation expenses reported
- Lower average low-cost deposits
Dallas, Texas--(Newsfile Corp. - September 12, 2025) - Provident Financial Services Inc (NYSE: PFS): Stonegate Capital Partners initiates their coverage on Provident Financial Services Inc (NYSE: PFS). For 2Q25, Provident Financial Services reported net income of
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Key Takeaways:
- PFS delivered record revenue of
$214.2M , supported by net interest income of$187.1M and non-interest income of$27.1M . - Net income rose to
$72.0M ($0.55 /share), up from$64.0M in 1Q25 and a net loss in 2Q24. - Commercial loan balances grew
$319.3M in the quarter, while non-performing assets improved to just0.44% of total assets.
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About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.
Contacts:
Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com
Source: Stonegate, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266279
FAQ
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