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Provident Financial Services (PFS)
NYSE:PFS
Earnings Data
Report Date
Apr 24, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.56Last Year’s EPS
0.5Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated strong operating momentum with record revenues, expanding core profitability, robust loan production, improved asset quality and capital build (supporting buybacks). Headwinds include heightened deposit competition, reserve/model sensitivity, elevated payoffs that partially offset production, modest margin pressure from purchase accounting accretion, and planned near-term operating and conversion expenses. Management provided constructive 2026 guidance (loan/deposit growth of 4–6%, continued NIM expansion and mid‑teens ROTCE target) indicating confidence in sustaining growth despite the noted challenges.Company Guidance
Record Revenues and Earnings
Total revenue reached a record $226 million (third consecutive quarter record), driven by record net interest income of $197 million and record noninterest income of $28.3 million. Net earnings for the quarter were $83 million or $0.64 per share; annualized return on average assets (ROA) was 1.34% and adjusted return on average tangible common equity was 17.6%.
Pre-Provision Net Revenue and Core Profitability
Pre-provision net revenue (PPNR) was a record $111 million (annualized ROA of 1.78%). Core PPNR has grown each quarter since the Lakeland transaction, indicating expanding core profitability.
Strong Loan Production and Pipeline
Commercial loan new production totaled $3.2 billion in 2025 with net commercial loan growth of 5.5% for the year. Quarter-end pipeline remained solid at $2.7 billion (weighted average pipeline rate 6.22%) and originations grew every quarter in 2025, peaking at over $1 billion in Q4.
Deposit Growth and Funding Trends
Core deposits grew $260 million (6.6% annualized vs. the linked quarter). Average deposits increased $786 million (16.5% annualized QoQ). Average noninterest-bearing deposits grew ~2% annualized, and the average cost of total deposits decreased 4 basis points to 2.10%.
Improving Asset Quality and Low Charge-offs
Nonperforming assets declined $22 million (22%) to 0.32% of assets. During the quarter $22 million of nonperforming loans were resolved with just $1.3 million in associated net charge-offs; quarterly net charge-offs were $4.2 million (annualized 9 bps), and full-year 2025 net charge-offs were 7 bps of average loans.
Growth in Fee Businesses and Wealth/Insurance Momentum
Noninterest income was a record $28.3 million. Provident Protection Plus pretax income grew 13% YoY with >90% customer retention; Beacon Trust revenue increased to $7.6 million on ~$4.2 billion AUM. SBA gains on sale were $946k in Q4 and $2.8 million for 2025 (up from $905k in 2024).
Capital Build, Share Repurchase and Tangible Book Value Growth
Tangible book value per share increased $0.57 (3.8%) to $15.70; tangible common equity ratio rose to 8.48% from 8.22%. Board authorized an additional repurchase of 2 million shares, reflecting comfortable capital above well-capitalized levels.
PFS Earnings History
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 |
|---|---|---|---|
Jan 28, 2026 | $22.22 | ― | ― |
Oct 30, 2025 | $18.25 | $18.06 | -1.04% |
Jul 24, 2025 | $17.81 | $17.89 | +0.45% |
Apr 24, 2025 | $16.24 | $15.91 | -2.03% |
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 Apr 24, 2026, Before Open (Confirmed).
What is Provident Financial Services (PFS) earnings time?
Provident Financial Services (PFS) earnings time is at Apr 24, 2026, 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 2026 (Q1) is 0.56.