Provident Financial Services Q1 net income $79.4 million, down from $83.4 million in Q4
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.
Key points
- 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.
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 April 30, 2026.
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.