Provident Financial Announces Dividend Amid Strong Q1 Results

An update from Provident Financial Services ( (PFS) ) is now available.

On April 24, 2025, Provident Financial Services, Inc. announced a quarterly cash dividend of $0.24 per common share, payable on May 30, 2025. The company reported a net income of $64.0 million for the first quarter of 2025, showing an increase from previous quarters. The results were positively influenced by the integration of Lakeland Bancorp, Inc., and despite a write-down on a foreclosed property, the company saw improvements in net interest margin and a decrease in credit loss provisions. The company’s commercial and industrial loan portfolio grew, and insurance agency income saw a significant increase, indicating strong operational performance and strategic positioning in the market.

Spark’s Take on PFS Stock

According to Spark, TipRanks’ AI Analyst, PFS is a Outperform.

Provident Financial Services demonstrates strong financial health, marked by positive earnings call outcomes and strategic corporate events. While technical indicators suggest caution, the reasonable valuation and high dividend yield offer an attractive income opportunity. The main risk factors are maintaining profitability amidst competitive pressures and managing cash flow volatility.

To see Spark’s full report on PFS stock, click here.

More about Provident Financial Services

Provident Financial Services, Inc. operates in the financial services industry, offering a range of banking and financial products. The company focuses on providing commercial and industrial loans, as well as other financial services, with a significant presence in the commercial loan market.

YTD Price Performance: -9.39%

Average Trading Volume: 745,221

Technical Sentiment Signal: Buy

Current Market Cap: $2.2B

See more insights into PFS stock on TipRanks’ Stock Analysis page.