Every 8-K that Provident Financial Services, Inc. (PFS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow PFS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PFS filings page.
Provident Financial Services, Inc. (PFS) completed an underwritten public offering of $175,000,000 aggregate principal amount of 6.50% Fixed-to-Floating Rate Subordinated Notes due 2036. The notes were issued under an automatic shelf registration on Form S-3ASR and sold via a prospectus supplement dated August 20, 2026.
The company states it intends to use the net proceeds to repay $150 million of outstanding 2.875% Fixed-to-Floating Rate Subordinated Notes due 2031, $20 million of variable rate Junior Subordinated Notes due 2033, and for general corporate purposes. The notes pay a fixed 6.50% rate until September 1, 2031, then a floating rate equal to a quarterly reset benchmark (expected to be Three-Month Term SOFR) plus 239 basis points until maturity on September 1, 2036. They are unsecured subordinated obligations, ranking junior to senior indebtedness and structurally subordinated to subsidiary obligations. The notes are callable at par plus accrued interest on or after September 1, 2031 on any interest payment date, and earlier in whole upon specified tax, regulatory capital, or Investment Company Act events, in each case with any required Federal Reserve approval.
Provident Financial Services, Inc. outlines its fixed income investor case, highlighting a commercial and consumer banking franchise with $25.7 billion in total assets, $20.0 billion in loans and $19.5 billion in deposits as of June 30, 2026. The bank operates 135 branches across New Jersey, eastern Pennsylvania and parts of New York and emphasizes diversified revenue from wealth management and insurance.
Profitability metrics are strong, with year-to-date 2026 annualized ROAA of 1.26% and ROATCE of 16.2%, supported by an improving efficiency ratio of 48–51% on an adjusted basis. Asset quality remains solid, with nonperforming assets at 0.54% of assets and reserves at 0.92% of gross loans. The loan book is diversified, including commercial real estate, multifamily, C&I and consumer lending, and CRE concentration ratios are detailed.
Capital and liquidity are presented as robust: tangible common equity to tangible assets is 8.6%, CET1 is 10.6% and total risk-based capital is 13.5%. Available liquidity and borrowing capacity total $8.3 billion, while insured and collateralized deposits represent about 70.1% of total deposits. The company also discloses non-GAAP metrics reconciliations and interest rate sensitivity of net interest income.
Provident Financial Services, Inc. made key leadership changes effective July 30, 2026. The board elected Michael E. Regan as a Class of 2028 director to the boards of the company and Provident Bank, expanding each board from 12 to 13 directors. He will serve on the Audit, Enterprise Risk and Finance Committees.
The company also promoted Diane Gigliotti, previously Senior Vice President and Controller of the bank, to Senior Vice President and Chief Accounting Officer of both entities. Her package includes an initial base salary of $310,000, a target annual incentive equal to 30% of base salary and a target long-term incentive equal to 25%. The company reports no related-person transactions involving either appointee and no family relationships for Ms. Gigliotti.
Provident Financial Services, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per common share. The dividend is payable on August 28, 2026 to stockholders of record as of the close of business on August 14, 2026.
The company is the holding company for Provident Bank, which offers community banking, fiduciary and wealth management services through Beacon Trust Company, and insurance services through Provident Protection Plus, Inc. across New Jersey, parts of Pennsylvania, and New York.
Provident Financial Services, Inc. reports strong Q2 2026 performance, with core diluted EPS of $0.61, core ROAA of 1.27%, core PPNR ROAA of 1.87%, and core ROATCE of 16.22%. Net income for the quarter was $78.1 million, and total revenue reached $235 million.
Total assets were $25.7 billion, total loans $20.1 billion, and total deposits $19.5 billion as of June 30, 2026. Commercial loans grew at an 8.16% annualized pace, supported by a record $3.17 billion loan pipeline at a weighted average rate of 6.33%. The average cost of deposits was 1.92%, while core net interest margin was 3.48% on net interest income of $202.7 million.
Asset quality remained solid, with total non-performing loans of $136.9 million, a non-performing loan ratio of 0.68%, and a net charge-off ratio of 0.04%. Tangible book value per share increased to $16.42, and capital ratios were strong, including a 12.1% CET1 ratio and 8.60% TCE ratio. For 2026, the company provides guidance of 5–6% annualized loan and deposit growth, a net interest margin of 3.45–3.50%, non-interest income of about $29 million per quarter in the second half, and an efficiency ratio near 51%.
Provident Financial Services, Inc. reported second‑quarter 2026 net income of $78.1 million, or $0.60 per share, compared with $79.4 million, or $0.61, in the prior quarter and $72.0 million, or $0.55, a year earlier. For the first six months of 2026, net income was $157.6 million, or $1.21 per share, up from $136.0 million, or $1.04 per share, in the 2025 period. Core net income, excluding core system conversion and executive severance expenses, was $79.9 million for the quarter and $159.3 million year‑to‑date.
Record net interest income reached $202.7 million, driven by loan growth and pricing, and net interest margin increased to 3.48% from 3.36% a year earlier. Core pre‑provision net revenue was $117.8 million, and the core efficiency ratio improved to 49.75% from 53.52%. Total assets were $25.66 billion, loans held for investment $20.05 billion, and deposits $19.55 billion as of June 30, 2026. Tangible book value per share rose to $16.42, and the tangible common equity ratio increased to 8.60%.
Credit metrics showed low losses but higher problem credits: non‑performing loans were $136.9 million, or 0.68% of total loans, versus $78.4 million, or 0.40%, at December 31, 2025. Net charge‑offs were $1.9 million, or 0.04% of average loans. The allowance for credit losses was 0.92% of total loans, covering 134.87% of non‑performing loans.
Provident Financial Services, Inc. announced board and finance leadership changes. Director James P. Dunigan retired from the Board of Directors of the company and Provident Bank on June 18, 2026, after more than eight years of service.
The company appointed Adriano Duarte, currently Executive Vice President and Chief Accounting Officer, as Executive Vice President and Chief Financial Officer effective July 1, 2026. He will lead finance functions including accounting, planning, treasury, investor relations, strategy, reporting, tax, facilities, and financial risk management, while continuing as Chief Accounting Officer and serving on the executive leadership team.
Provident Financial Services, Inc., parent of Provident Bank, has appointed Annamaria Vitelli as Executive Vice President and Chief Wealth Officer of Provident Bank and designated her as an Executive Officer and Regulation O officer. She will also serve as President of Beacon Trust and join the bank’s Executive Leadership Team.
Vitelli will lead the strategic direction and growth of the wealth management business, including investment management, trust and fiduciary services, and will work across lines of business to deliver integrated financial solutions. Beacon Trust and its affiliate have approximately $4 billion in assets under administration, and Provident Financial Services, Inc. reported assets of $25.20 billion as of March 31, 2026.
Provident Financial Services, Inc. has amended and restated its Executive Chairman Agreement and Change in Control Agreement with Executive Chairman Christopher Martin. The new agreements replace prior versions and extend their terms through May 21, 2028, keeping the core terms substantially identical.
When the agreement term ends or Mr. Martin leaves the Board, he will serve as a Director Emeritus of Provident Bank for three years under the bank’s bylaws. Under the revised change in control arrangement, any severance after a qualifying termination will be based on the remaining term and the average of his Annual Compensation from the prior three completed calendar years, with insurance coverage continued at no cost for the rest of the term.
Provident Financial Services, Inc. reported the voting results of its 2026 Annual Meeting of Stockholders, held virtually on May 21, 2026. Stockholder turnout was strong, with 110,484,210 shares represented, or 84.78% of shares eligible to vote.
All four director nominees – Brian A. Gragnolati, Edward J. Leppert, Nadine Leslie, and Thomas J. Shara – were elected for three-year terms, each receiving over 91.7 million votes in favor. Stockholders also approved, on a non-binding advisory basis, compensation for named executive officers with 92,047,334 votes for, 2,896,413 against, and 661,591 abstentions.
In addition, stockholders ratified the appointment of KPMG LLP as independent public accounting firm for the year ending December 31, 2026, with 107,878,073 votes for, 2,278,483 against, and 327,654 abstentions, and no broker non-votes recorded on this item.
Provident Financial Services, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per common share. The dividend will be payable on May 29, 2026 to stockholders of record as of the close of business on May 15, 2026. The company released these details in a press release furnished under Regulation FD.
Provident Financial Services, Inc. reported solid first quarter 2026 results, with net income of $79.4 million, or $0.61 per share, up from $64.0 million, or $0.49 per share, in the first quarter of 2025.
Revenue was $225.2 million, including net interest income of $193.7 million and record non-interest income of $31.5 million. The net interest margin was 3.40%, slightly above 3.34% a year earlier, as loan yields remained strong while the average cost of deposits fell to 1.94%.
Credit quality remained generally manageable, with annualized net charge-offs at 0.06% of average loans and a $2.1 million recapture of prior credit loss provisions, although non-performing loans rose to 0.73% of total loans, largely due to four senior housing credits in bankruptcy that are well secured by collateral.
Loans held for investment grew to $19.65 billion, commercial-focused lending represented about 86.9% of the portfolio, and the loan pipeline reached $3.11 billion. Tangible book value per share increased to $16.03, and the company repurchased 588,923 shares for $12.4 million during the quarter.
Provident Financial Services, Inc. released a Q1 2026 results presentation showing solid profitability, strong credit quality, and healthy capital. Net income was $79.4 million, or $0.61 diluted EPS, with adjusted ROAA of 1.29% and adjusted ROATCE of 16.58% on average assets of $25.0 billion.
Total loans reached $19.7 billion and deposits $19.1 billion, with commercial loans growing and a record $3.11 billion pipeline at a 6.24% weighted-average rate. Net interest margin was 3.40%, supported by lower deposit costs and higher asset yields, while non-interest income grew to $31.5 million on stronger insurance and bank-owned life insurance revenue.
Credit metrics remained favorable: net charge-offs were 0.06% of loans annualized and total non-performing loans were 0.73% of total loans, with new senior-housing non-performers backed by low loan-to-value collateral. Tangible common equity ratio stood at 8.55%, with regulatory capital comfortably above well-capitalized levels.
For 2026, the company targets 4–6% annualized growth in both loans and deposits, a reported net interest margin of 3.40% to 3.45% with modest core margin expansion, an expected charge-off ratio of 10–15 basis points, quarterly non-interest income around $28.5 million, and an operating efficiency ratio near 51%.
Provident Financial Services, Inc. disclosed that Valerie O. Murray, President of Beacon Trust Company and Executive Vice President and Chief Wealth Management Officer of Provident Bank, has decided to leave the organization, with her resignation effective May 22, 2026.
Under a Separation Agreement and General Release, she will go on paid “garden leave” from March 27, 2026 through May 22, 2026, moving to a non-executive role while continuing to receive salary and benefits. Subject to customary conditions, including a full release of claims, she will receive a lump-sum payment of $1,200,000, less taxes. The company states her resignation is not related to any disagreement over operations, policies or practices.
Provident Financial Services, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per common share. The dividend will be paid on February 27, 2026 to stockholders of record at the close of business on February 13, 2026.
The company furnished a press release with these details as an exhibit to the report.
Provident Financial Services, Inc. filed a current report to share that it is providing presentation materials in connection with its fourth quarter earnings release. The materials are being made available as part of a Regulation FD disclosure to ensure broad, fair access to information.
The company attached these earnings release presentation materials as Exhibit 99.1, stating they will be used in tandem with the fourth quarter earnings release, which will be filed on January 28, 2026. The materials are being furnished to the SEC rather than deemed filed, which affects how they are treated for certain legal purposes.
Provident Financial Services, Inc. filed a current report describing the release of its financial results for the quarter and year ended December 31, 2025. The company issued a press release on January 27, 2026 detailing these results and other information.
The company also held a conference call on January 28, 2026 to discuss the same quarterly and annual results. The press release, attached as Exhibit 99.1, also announces the date for the upcoming Annual Meeting of Stockholders.
Provident Financial Services, Inc. announced that its Board of Directors has authorized the company’s tenth stock repurchase program, which will begin after the current program is completed. The existing authorization still permits the repurchase of 814,247 shares, and together the old and new authorizations allow the company to buy back up to 2.15% of its currently outstanding common shares. Repurchases may be made in the open market, through block trades, negotiated transactions, or under Rule 10b5-1 trading plans. The repurchase program has no expiration date, and activity will follow SEC safe harbor rules.
Provident Financial Services, Inc. reported that Senior Executive Vice President and Chief Financial Officer Thomas M. Lyons has notified the company of his intention to resign from the CFO role effective the earlier of June 30, 2026 or the appointment of a successor. The company plans to conduct a nationwide search for a new CFO.
Lyons’ retirement is stated as not being related to any disagreement with the company on operations, policies, or practices. Under a Retirement Transition and Release Agreement dated January 13, 2026, he will continue as CFO through the transition date and then serve as Special Advisor to the President and CEO until January 31, 2027. He will receive his regular base salary through the transition date and, thereafter, an annualized base salary of $300,000 prorated, plus a prorated cash bonus for service in 2026, subject to a release of claims and ongoing restrictive covenants.
Provident Financial Services (PFS) announced a temporary trading blackout for its directors and executive officers under Regulation BTR and Section 306(a) of the Sarbanes-Oxley Act. The Blackout Period is expected to start on December 1, 2025 at 4:00 p.m. ET and end during the week of December 8, 2025. During this time, covered insiders are prohibited from directly or indirectly buying, selling, transferring, or entering into derivatives tied to PFS common stock. The blackout is tied to the merger of the Provident Bank ESOP into the Provident Bank 401(k) Plan effective December 1, 2025. Stakeholders can confirm start or end status by calling The Principal Group at (800) 547-7754.
Provident Financial Services, Inc. declared a quarterly cash dividend of $0.24 per common share. The dividend is payable on November 28, 2025 to stockholders of record at the close of business on November 14, 2025.
The company furnished a press release as Exhibit 99.1 in connection with this announcement.
Provident Financial Services, Inc. (PFS) furnished investor presentation materials under Regulation FD in connection with its third quarter earnings release. The materials are attached as Exhibit 99.1 and are expressly being furnished to the SEC, not filed. This is an informational update intended to accompany the company’s upcoming Q3 results communication.
Provident Financial Services, Inc. furnished a press release reporting financial results for the three and nine months ended September 30, 2025. The release is attached as Exhibit 99.1 and is being furnished to the SEC, not deemed filed.
The company also held a conference call on October 30, 2025 to discuss these results.
On 24-Jul-2025 Provident Financial Services (PFS) filed an 8-K announcing board approval of the Provident Bank Executive Severance Plan. Participation is limited to executives selected by the Compensation & Human Capital Committee and is conditional on waiving existing change-in-control agreements, preventing duplicate payouts. If terminated by the company without “cause,” a participant receives:
- cash severance equal to 1× base salary
- 1× target annual cash incentive
- company-paid health coverage for up to 12 months (via COBRA) and six months of outplacement services
Upon termination without cause—or resignation for “good reason”—within two years after a change-in-control, benefits escalate to 2× the above amounts for Valerie O. Murray and Ravi Vakacherla and 3× for CFO Thomas M. Lyons, plus a lump-sum payment equal to 12 months of COBRA premiums. The plan does not include excise-tax gross-ups; payments will be cut if necessary to avoid Section 4999 taxes when that yields a higher after-tax value for the executive. No financial statements or pro-forma data accompany the filing.
On 24 July 2025, Provident Financial Services, Inc. (NYSE: PFS) filed a Form 8-K under Item 7.01 – Regulation FD Disclosure. The filing simply furnishes an investor presentation (Exhibit 99.1) that will be used alongside the company’s Q2-25 earnings release, which is being issued the same day. Management notes the materials are “furnished” rather than “filed,” meaning they are not incorporated into liability provisions of the Exchange Act.
No financial statements, pro-forma information or transaction details accompany the report; Items 9.01 (a)-(c) are marked “Not applicable.” The only additional exhibit is the Inline XBRL cover page file. As a routine Reg FD communication designed to ensure simultaneous public access to earnings slides, the 8-K carries limited direct valuation impact but signals that detailed Q2 results will follow imminently.
Provident Financial Services, Inc. (NYSE: PFS) filed a Form 8-K to disclose an amended and restated employment agreement with President & CEO Anthony J. Labozzetta, effective June 26, 2025. The new three-year agreement replaces the March 11, 2020 contract and will automatically extend one year every June 26 unless either party gives 60-day notice. If a change-of-control occurs, the agreement remains in force for at least two additional years.
Key compensation terms
- Base salary: set at $1.0 million annually; may rise but cannot be reduced (except for broad executive pay cuts).
- Severance—no cause / good-reason exit: cash payment equal to 2× (base salary + target cash incentive), plus up to 24 months of net COBRA premium reimbursements.
- Severance—change-of-control: cash payment equal to 3× (base salary + target cash incentive), plus a lump-sum payment covering 36 months of medical, life and disability premiums.
- Excise-tax protection: payments will be delivered in full or cut to avoid 280G/4999 excise taxes—whichever yields the higher after-tax benefit for the CEO.
- Restrictive covenants: non-compete period expanded to one year post-termination.
No financial statements, pro-forma data or other transactions were included. The filing solely addresses executive compensation, signaling the board’s intent to retain Mr. Labozzetta while tightening post-exit competitive safeguards.