Every material Form 8-K Provident Financial Services filed with the SEC in 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 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
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Provident Financial Services filing is on SEC EDGAR ↗. 8-K briefs of other companies →