Provident Financial Services posts Q2 net income of $72.0 million, record revenue
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 24, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.