The earnings call highlighted strong financial performance, including record earnings, robust loan growth, and improved asset quality. Despite some challenges such as a decline in average deposits and a slight decrease in Beacon Trust revenue, the overall outlook for Provident Financial Services remains positive, driven by strategic initiatives and strong market positioning.

Company Guidance -

Q3 2025

During the Provident Financial Services Second Quarter Earnings Call for Fiscal Year 2025, the company reported robust financial performance and provided optimistic guidance for the remainder of the year. Key financial metrics included net earnings of $72 million, or $0.55 per share, with an annualized return on average assets of 1.19% and an adjusted return on average tangible equity of 16.79%. The company achieved record net interest income of $187 million and noninterest income of $27 million, leading to overall revenue of $214 million for the quarter. Provident's tangible book value per share increased by $0.45 to $14.60, and the tangible common equity ratio expanded to 8.03%. The commercial loan portfolio grew at an annualized rate of 8%, supported by $764 million in new loans closed during the quarter. Furthermore, the company's deposits increased by $260 million, representing an annualized growth rate of 5.6%. Asset quality remained strong, with nonperforming assets declining to 44 basis points of total assets and net charge-offs reduced to $1.2 million. Provident revised its net interest margin projection to a range of 3.35% to 3.45% for the rest of 2025, considering anticipated rate cuts. The company also announced a quarterly cash dividend of $0.24 per share, payable on August 29. Overall, Provident expressed confidence in sustaining its financial momentum and achieving its growth objectives for the year.

Record Earnings and Asset Growth

Provident Financial Services reported net earnings of $72 million or $0.55 per share, with an annualized return on average assets of 1.19% and an adjusted return on average tangible equity of 16.79%. Tangible book value per share grew by $0.45 to $14.60.

Strong Loan Growth

Commercial lending team closed approximately $764 million in new loans, with a total production of $1.4 billion for the first half of the year. Commercial loan portfolio grew at an annualized rate of 8%, with C&I loans growing at an annualized 21% pace.

Improved Asset Quality

Credit quality improved with a decline in delinquencies and classified loans. Net charge-offs decreased to $1.2 million, and nonperforming assets declined to 44 basis points of total assets.

Fee-Based Business Performance

Provident Protection Plus saw an 11.3% increase in revenue, and Beacon Trust maintained assets under management at $4.1 billion despite earlier market challenges.

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

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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	$18.27	$18.35	+0.44%
Apr 24, 2025	$16.65	$16.32	-1.98%
Jan 28, 2025	$18.69	$17.83	-4.60%
Oct 29, 2024	$18.49	$18.33	-0.87%

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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