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AI brief of an SEC Form 8-K · Provident Financial Services (PFS)

Provident Financial Services Q1 net income $79.4 million, down from $83.4 million in Q4

Mixed Impact 3 of 5 earnings Written later

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

CompanyProvident Financial Services (PFS)
Form8-K, current report
Filed with the SECApr 30, 2026, 11:16 AM ET
Accession number0001628280-26-028665

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing 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 and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.