Every material Form 8-K Provident Financial Services has filed with the SEC since January 29, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Provident Financial Services, Inc. declared a quarterly cash dividend of $0.24 per common share, payable November 27, 2026 to stockholders of record at the close of business on November 13, 2026. The filing is a routine dividend announcement that furnishes the press release as Exhibit 99.1 and contains no financial results.
Quarterly cash dividend of $0.24 per common share declared October 29, 2026
Payable November 27, 2026 to stockholders of record as of November 13, 2026
Dividend announcement furnished under Item 7.01; no earnings or financial results disclosed
Provident Financial Services reported third-quarter 2026 net income of $69.2 million, or $0.53 per share, down from $78.1 million, or $0.60 per share, in the prior quarter, and from $71.7 million, or $0.55 per share, a year earlier. Results included a $17.5 million one-time loss on extinguishment of debt, and excluding that and other one-time costs, core net income was $84.3 million, or $0.65 per share.
Net income was $69.2 million, or $0.53 per share, for the quarter ended September 30, 2026, versus $78.1 million, or $0.60 per share, in the June 30, 2026 quarter and $71.7 million, or $0.55 per share, a year earlier.
A $17.5 million one-time loss on extinguishment of debt, $3.7 million of core conversion costs and $465,000 of branch restructuring expenses affected the quarter; excluding these, core net income was $84.3 million, or $0.65 per share.
Net interest income reached a record $208.0 million, up $13.7 million from a year earlier, and net interest margin was 3.50%, compared with 3.43% a year earlier.
For the nine months ended September 30, 2026, net income totaled $226.7 million, or $1.74 per share, compared with $207.7 million, or $1.59 per share, for the same period in 2025.
Provident Financial Services furnished presentation slides under Form 8-K to accompany its third quarter 2026 earnings release, which the company said will be filed October 29, 2026. The slides show core diluted EPS of $0.65 and reported net income of $69.2 million, down from $71.7 million a year earlier, mainly because of a $17.5 million one-time loss on extinguishment of debt. Shareholders see improved core profitability alongside lower reported earnings.
Core diluted EPS of $0.65; core ROAA 1.30% and core ROATCE 16.57% for the quarter
Reported net income of $69.2 million, compared with $78.1 million in Q2 2026 and $71.7 million in Q3 2025
Non-interest expense of $140.7 million included a $17.5 million loss on extinguishment of debt
Guidance for Q4 2026 non-interest expense of $118 million to $120 million, excluding non-recurring systems conversion costs
Provident Financial Services elected Michael E. Regan, a former FDIC senior bank examiner, to its board effective July 30, 2026, and appointed Diane Gigliotti as Senior Vice President and Chief Accounting Officer for the company and Provident Bank. The filing covers board and accounting leadership changes only and includes no financial results or guidance.
Michael E. Regan elected as a Class of 2028 director, with the Company and Bank boards each expanded from 12 to 13 directors
Regan appointed to the Audit Committee, Enterprise Risk Committee and Finance Committee
Diane Gigliotti, previously Bank Senior Vice President and Controller, takes the Chief Accounting Officer role and will report to CFO Adriano Duarte
Gigliotti's initial annual base salary is $310,000, with a target annual incentive of 30% and a target long-term incentive of 25% of base salary
Provident Financial Services reported second-quarter 2026 net income of $78.1 million, or $0.60 per share, up from $72.0 million a year earlier but down slightly from $79.4 million in the first quarter. Higher net interest income and non-interest income drove the year-over-year gain, and the filing contains no forward guidance.
Q2 net income $78.1 million ($0.60 per share), versus $72.0 million ($0.55) a year earlier and $79.4 million ($0.61) in Q1 2026
Net interest income $202.7 million, up from $187.1 million a year earlier; non-interest income $32.0 million, up from $27.1 million
Six-month net income $157.6 million ($1.21 per share), versus $136.0 million ($1.04) in the first half of 2025
Core net income $79.9 million ($0.61 per share) for the quarter, excluding core system conversion and executive severance expenses
Provident Financial Services said Adriano Duarte, its Executive Vice President and Chief Accounting Officer, will become Executive Vice President and Chief Financial Officer effective July 1, 2026, succeeding Thomas Lyons, who retired. Duarte will lead the finance organization, including accounting, treasury, investor relations, and financial risk management, and will continue as Chief Accounting Officer. The filing also reports that director James P. Dunigan retired from the Board on June 18, 2026.
Adriano Duarte named EVP and Chief Financial Officer effective July 1, 2026, and will also keep the Chief Accounting Officer role
Duarte joined Provident in 2020 through the acquisition of SB One Bank and previously served as CFO of SB One Bank
Thomas Lyons, who held the CFO role, retired after more than two decades with Provident
Director James P. Dunigan retired from the Board on June 18, 2026, after more than eight years of service
Provident Financial Services entered into an amended and restated Executive Chairman Agreement and Change in Control Agreement with Christopher Martin, its Executive Chairman. The agreements are substantially identical to his prior agreements, except that both terms now expire on May 21, 2028, and the change in control severance formula and insurance terms are otherwise unchanged in substance.
Both agreements expire May 21, 2028, replacing the prior agreements.
After the agreement ends or Martin leaves the Board, he will serve as Director Emeritus of Provident Bank for three years.
Change in control severance is prorated by days remaining in the term over 365, multiplied by his average Annual Compensation for the three prior completed calendar years.
Martin will receive continued insurance coverage at no cost for the remainder of the term.
Provident Financial Services reported first-quarter 2026 net income of $79.4 million, or $0.61 per share, up from $64.0 million a year earlier but down from $83.4 million in the fourth quarter of 2025. Revenue was $225.2 million, compared with $225.7 million in the prior quarter and $208.8 million a year earlier. Non-performing loans rose to $142.9 million, or 0.73% of total loans, mainly because four commercial loans on senior housing properties totaling $82.1 million are subject to related bankruptcy filings.
Net income was $79.4 million, or $0.61 per share, versus $83.4 million, or $0.64 per share, in the fourth quarter of 2025 and $64.0 million, or $0.49 per share, in the first quarter of 2025.
Revenue was $225.2 million, versus $225.7 million in the fourth quarter of 2025 and $208.8 million in the first quarter of 2025.
Non-performing loans increased $64.5 million to $142.9 million, or 0.73% of total loans, as of March 31, 2026.
Tangible book value per share rose 2.1% to $16.03; the company repurchased $12.4 million of common stock, or 588,923 shares, in the quarter.
Valerie O. Murray, President of Beacon Trust Company and Chief Wealth Management Officer of Provident Bank, announced on February 27, 2026 that she will step down to pursue other opportunities, effective May 22, 2026. The filing says the departure is not related to any disagreement with the company, and it describes a separation agreement that includes a lump sum payment of $1,200,000, less required tax withholding, subject to a release of claims.
Resignation announced February 27, 2026; effective May 22, 2026
Garden leave runs from March 27, 2026 to May 22, 2026, with Murray moving to a non-executive role and continuing to receive base salary and benefits
Separation agreement provides a lump sum payment of $1,200,000, less required tax withholding, subject to a full and final release of claims
Filing states the resignation is not related to a disagreement on the company's operations, policies or practices
Provident Financial Services reported fourth-quarter 2025 net income of $83.4 million, or $0.64 per share, up from $71.7 million in the prior quarter, along with record quarterly revenue of $225.7 million. Full-year 2025 net income was $291.2 million, or $2.23 per share, compared with $115.5 million in 2024, a year that included $117.0 million of Lakeland merger costs. The company also set the date for its 2026 annual meeting of stockholders.
Q4 2025 net income of $83.4 million, or $0.64 per share, versus $71.7 million ($0.55) in Q3 2025 and $48.5 million ($0.37) in Q4 2024.
Record quarterly revenue of $225.7 million, including record net interest income of $197.4 million and non-interest income of $28.3 million.
Full-year 2025 net income of $291.2 million, or $2.23 per share, versus $115.5 million ($1.05) in 2024.
Annual Meeting of Stockholders set for May 21, 2026, as a virtual meeting; record date is March 27, 2026.
Provident Financial Services said Chief Financial Officer Thomas Lyons intends to resign, effective the earlier of June 30, 2026 or the appointment of a successor. The company says his retirement is not related to any disagreement over its operations, policies or practices, and it has started a nationwide search for a replacement, which matters to shareholders because it changes the leadership of the company's finance function.
Lyons will remain CFO until the earlier of June 30, 2026 or a successor's appointment, then serve as Special Advisor to the President and CEO until his last day of employment on January 31, 2027.
Under a Retirement Transition and Release Agreement dated January 13, 2026, post-transition base salary is an annualized $300,000, prorated, plus a pro-rated annual incentive bonus; payments are conditioned on a general release and continue
The company has engaged an executive search firm for a nationwide search, and President and CEO Anthony Labozzetta praised Lyons' leadership.
Provident Financial Services reported third-quarter 2025 net income of $71.7 million, or $0.55 a share, flat with the prior quarter's $0.55 but down from $72.0 million in net income. Revenue rose to $221.8 million from $214.2 million, which the company described as a record, so the quarter shows higher revenue alongside slightly lower profit compared with the second quarter.
Net income $71.7 million, or $0.55 per share, for the three months ended September 30, 2025, versus $72.0 million, or $0.55 per share, in the June quarter
Revenue $221.8 million, including net interest income of $194.3 million and non-interest income of $27.4 million, versus $214.2 million in the prior quarter
Net interest margin rose 7 basis points to 3.43%; provision for credit losses was $7.0 million, versus a $2.9 million benefit in the prior quarter
Tangible book value per share increased 3.6% to $15.13 as of September 30, 2025
Provident Financial Services' board adopted the Provident Bank Executive Severance Plan on July 24, 2025, providing severance to selected executives. Eligible executives, including named executive officers Thomas M. Lyons, Valerie O. Murray and Ravi Vakacherla, must waive existing change-in-control agreements to participate.
Plan adopted by the board on July 24, 2025; participants selected by the Compensation and Human Capital Committee
Severance without cause equals one times base salary and one times target cash incentive, plus up to one year of COBRA health coverage and six months of outplacement
Within two years after a change in control, multiples are two times for Murray and Vakacherla and three times for Lyons
No excise tax gross-up; payments are cut back if that yields a greater after-tax amount
Provident Financial Services reported net income of $72.0 million, or $0.55 per share, for the quarter ended June 30, 2025, up from $64.0 million, or $0.49 per share, in the prior quarter, and up from a net loss of $11.5 million a year earlier, which included $79.0 million of Lakeland merger costs. The company reported record revenue of $214.2 million, though non-performing loans rose to $107.2 million from $103.2 million at March 31, 2025.
Net income of $72.0 million, or $0.55 per share, for Q2 2025, versus $64.0 million, or $0.49 per share, for Q1 2025.
Record revenue of $214.2 million, including record net interest income of $187.1 million.
Non-performing loans rose to $107.2 million, or 0.56% of total loans, as of June 30, 2025.
Tangible book value per share increased 3.2% to $14.60.
On June 26, 2025, Provident Financial Services entered into an amended and restated employment agreement with CEO Anthony J. Labozzetta, replacing his March 11, 2020 agreement. The new agreement runs through June 26, 2028, with annual renewals after that unless either party gives notice, and it sets a $1 million base salary and a larger severance package than the prior agreement.
Initial term runs from June 26, 2025 through June 26, 2028, with one-year renewals starting June 26, 2028 unless 60 days' notice is given
Base salary is $1 million a year and can increase but not decrease, except for an across-the-board reduction
Severance is two times base salary plus target cash incentive without a change in control, and three times with one, plus COBRA or insurance benefits
Non-compete restriction period increased to one year from the date of termination
Provident Financial Services reported first-quarter 2025 net income of $64.0 million, or $0.49 per share, up from $48.5 million, or $0.37 per share, in the fourth quarter of 2024 and $32.1 million, or $0.43 per share, a year earlier. The company also declared a quarterly cash dividend of $0.24 per share, and non-performing loans rose to $103.2 million, which matters to shareholders for both earnings and credit quality.
Net income was $64.0 million, or $0.49 per basic and diluted share, for the quarter ended March 31, 2025, compared with $0.37 in the prior quarter and $0.43 a year earlier.
Net interest margin rose six basis points to 3.34% from 3.28% in the prior quarter.
Non-performing loans increased to $103.2 million, or 0.54% of total loans, from $72.1 million at December 31, 2024.
The board declared a $0.24 per share quarterly dividend, payable May 30, 2025 to holders of record on May 16, 2025.
On January 27, 2025, the Compensation and Human Capital Committee of Provident Bank designated four named executive officers as eligible to participate in the Provident Bank Non-Qualified Supplemental DC Plan. The filing says no Bank contributions have been recommended under the plan at this time, and the plan's full text will be filed as Exhibit 99.1.
Designation made January 27, 2025, by the Compensation and Human Capital Committee
Four named executive officers designated: Anthony Labozzetta, Thomas M. Lyons, Valerie O. Murray and George Lista
Plan benefits are unfunded, unsecured obligations of Provident Bank payable from its general funds
No Bank contributions have been recommended at this time
Provident Financial Services reported fourth-quarter 2024 net income of $48.5 million, or $0.37 per share, up from $46.4 million in the third quarter and $27.3 million a year earlier. Full-year 2024 net income fell to $115.5 million, or $1.05 per share, from $128.4 million in 2023, reflecting the May 16, 2024 Lakeland merger, including $56.9 million in full-year transaction costs and a large initial CECL provision on acquired loans.
Q4 2024 net income $48.5 million, $0.37 per share, versus $46.4 million, $0.36 per share in Q3 2024
Full-year 2024 net income $115.5 million, $1.05 per share, versus $128.4 million in 2023
Quarterly cash dividend of $0.24 per share payable February 28, 2025, to holders of record February 14, 2025
Virtual Annual Meeting of Stockholders set for April 24, 2025; record date February 28, 2025
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