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Provident Financial Services ( (PFS) ) has provided an update.
Provident Financial Services reported first-quarter 2026 net income of $79.4 million, or $0.61 per share, on April 29, 2026, up from $64.0 million a year earlier but slightly below the prior quarter, as 13.5% pre-provision net revenue growth and a $2.1 million recapture of credit loss provisions offset modest margin pressure. Revenue held essentially flat sequentially at $225.2 million, supported by record non-interest income, strong commercial and industrial and broader commercial loan growth, and a record $3.11 billion loan pipeline, while credit quality remained solid despite a rise in non-performing loans tied to four senior housing credits, and capital levels and tangible book value per share continued to improve alongside $12.4 million of share repurchases.
The most recent analyst rating on (PFS) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Provident Financial Services stock, see the PFS Stock Forecast page.
Spark’s Take on PFS Stock
According to Spark, TipRanks’ AI Analyst, PFS is a Outperform.
The score is driven primarily by improving financial performance (margin and ROE rebound with solid cash conversion) and supportive earnings-call guidance (continued growth, NIM expansion, and buybacks). Valuation is a notable positive due to the low P/E and high dividend yield. The main offset is weaker near-term technicals, with the stock below key short-term moving averages and subdued momentum indicators.
To see Spark’s full report on PFS stock, click here.
More about Provident Financial Services
Provident Financial Services, Inc., headquartered in Iselin, N.J., operates as a regional banking company offering commercial and industrial loans, commercial real estate lending, consumer banking, wealth management, and insurance agency services. The company focuses on growing its loan portfolio, particularly in commercial segments, while expanding fee-based income streams such as insurance and asset management to diversify revenue and support returns.
Average Trading Volume: 929,742
Technical Sentiment Signal: Buy
Current Market Cap: $2.92B
For a thorough assessment of PFS stock, go to TipRanks’ Stock Analysis page.