Provident Financial reports Q2 EPS 55c, consensus 50c

Reports Q2 revenue $214.2M, consensus $213.58M. The net interest margin increased two basis points to 3.36% for the quarter ended June 30, 2025, from 3.34% for the trailing quarter, while the core net interest margin, which excludes the impact of purchase accounting accretion and amortization, decreased one basis point from the trailing quarter to 2.93%. Tangible book value per share ncreased 3.2% to $14.60 and our tangible common equity ratio increased 13 basis points to 8.03% as of June 30, 2025. Anthony Labozzetta, President and CEO commented, “Provident’s performance this quarter was impressive and I am very proud of the team’s continued hard work and dedication to excellence. We achieved record revenues by growing earning assets and expanding margins, while improving operational efficiency and maintaining strong asset quality. We look forward to sustaining our positive momentum and continuing to grow our business.”