Provident Financial delivered a strong performance in the second quarter, with record earnings and significant growth in commercial loans. Asset quality improvements and increased tangible book value further contributed to the positive results. However, challenges were noted in the Beacon Trust revenue and municipal deposit outflows. Despite these challenges, the overall sentiment is positive, reflecting the strong financial results and growth prospects.

Company Guidance

During the Provident Financial Services second quarter earnings call, the company provided optimistic guidance based on several key financial metrics. The company reported net earnings of $72 million, or $0.55 per share, with a return on average assets (ROA) of 1.19% and an adjusted return on average tangible equity of 16.79%. The pretax pre-provision return on average assets was 1.64%. Provident's tangible book value per share increased by $0.45 to $14.60, and its tangible common equity ratio rose to 8.03%. The quarterly cash dividend was set at $0.24 per share. Deposits grew by $260 million at an annualized rate of 5.6%, while the average cost of total deposits decreased to 2.1%. The commercial lending team closed $764 million in new loans, contributing to an annualized portfolio growth rate of 8%. Provident's credit quality remained strong, with net charge-offs at $1.2 million, or 3 basis points of average loans. Noninterest income was stable at $27 million, and noninterest expenses were $114.6 million with an efficiency ratio of 53.5%. The company projected a net interest margin (NIM) in the range of 3.35% to 3.45% for the remainder of 2025, incorporating expected 25 basis point rate reductions in September and November.

Record Earnings and Revenue Growth

Provident Financial reported net earnings of $72 million or $0.55 per share, with a record revenue of $214 million, driven by record net interest income of $187 million and noninterest income of $27 million.

Strong Commercial Loan Growth

The commercial loan portfolio grew at an annualized rate of 8%, with a production record of $1.4 billion for the first half of the year. Commercial and industrial loans grew at an annualized 21% pace.

Improved Asset Quality

Net charge-offs decreased to $1.2 million or 3 basis points of average loans. Nonperforming assets declined to 44 basis points of total assets, with a decline in delinquencies and classified loans.

Increased Tangible Book Value and Dividend

Tangible book value per share increased by $0.45 to $14.60, and the tangible common equity ratio expanded to 8.03%. A quarterly cash dividend of $0.24 per share was approved.

Solid Deposit Growth

Deposits increased by $260 million, with an annualized growth rate of 5.6% and an improvement in the average cost of total deposits, which decreased to 2.1%.

Provident Protection Plus Performance

Provident Protection Plus reported an 11.3% increase in revenue for the second quarter with income up 10.1% compared to the same period in 2024.

Provident Financial Services (PFS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PFS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 24, 2025	2025 (Q3)	0.54 / -	0.48	―	―	―
Jul 24, 2025	2025 (Q2)	0.50 / 0.55	0.101	444.55% (+0.45)	―
Apr 24, 2025	2025 (Q1)	0.47 / 0.50	0.43	17.21% (+0.07)	―
Jan 28, 2025	2024 (Q4)	0.50 / 0.48	0.36	33.33% (+0.12)	―
Oct 29, 2024	2024 (Q3)	0.47 / 0.48	0.38	26.32% (+0.10)	―
Jul 25, 2024	2024 (Q2)	0.43 / 0.10	0.43	-76.51% (-0.33)	―
Apr 18, 2024	2024 (Q1)	0.40 / 0.43	0.54	-20.37% (-0.11)	―
Jan 25, 2024	2023 (Q4)	0.40 / 0.36	0.66	-45.45% (-0.30)	―
Oct 26, 2023	2023 (Q3)	0.38 / 0.38	0.58	-34.48% (-0.20)	―
Jul 28, 2023	2023 (Q2)	0.44 / 0.43	0.53	-18.87% (-0.10)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PFS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 24, 2025	$18.04	$18.12	+0.44%
Apr 24, 2025	$16.44	$16.11	-2.01%
Jan 28, 2025	$18.46	$17.61	-4.60%
Oct 29, 2024	$18.26	$18.10	-0.88%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Provident Financial Services (PFS) report earnings?

Provident Financial Services (PFS) is schdueled to report earning on Oct 24, 2025, Before Open (Confirmed).

What is Provident Financial Services (PFS) earnings time?

Provident Financial Services (PFS) earnings time is at Oct 24, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is PFS EPS forecast?

PFS EPS forecast for the fiscal quarter 2025 (Q3) is 0.54.

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