Feddie Strickland

Manuel Navas

Mark Fitzgibbon

Timothy Switzer

Bill Young

Thomas Bernard Reid

Tim Switzer

- Provident Financial Services, Inc. reported **record revenue of $221.8 million** and **diluted EPS of $0.55** for the third quarter ended September 30, 2025.  **[1178970_0001628280-25-047487_earningsreleasepresentat.htm:2]**  The company's Adjusted Return on Average Assets (ROAA) was **1.16%** and Adjusted Return on Average Tangible Equity (ROATE) was **16.01%**.  **[1178970_0001628280-25-047487_earningsreleasepresentat.htm:2]** 
- The total commercial loan portfolio increased by **$191.2 million**, or **4.59% annualized**, to **$16.70 billion** as of September 30, 2025, with total deposits reaching **$19.1 billion**.  **[1178970_0001628280-25-047487_earningsreleasepresentat.htm:2]** 
- Asset quality remained strong, with non-performing assets to total assets at **0.41%** and annualized net charge-offs at **0.11%** of loans for Q3 2025.  **[1178970_0001628280-25-047487_earningsreleasepresentat.htm:2]**  A provision for credit losses of **$7.0 million** was recorded.  **[1178970_0001628280-25-047487_earningsreleasepresentat.htm:2]** 
- Tangible book value per share grew **3.6% to $15.13**, and the tangible common equity ratio improved by **19 basis points to 8.22%** as of September 30, 2025.  **[1178970_0001628280-25-047487_earningsreleasepresentat.htm:2]** 
- For the remainder of 2025, the company anticipates **5% annualized loan growth** and **1-3% annualized deposit growth**, with Net Interest Margin (NIM) projected to be in the **3.38% to 3.45% range**.

Provident Financial Services Reports Strong Q3 2025 Results and Provides 2025 Guidance

- Provident Financial Services Inc. reported **record revenue** of **$221.8 million** for the third quarter of 2025, with **net income** of **$71.7 million** and **diluted earnings per share** of **$0.55**.  **[1178970_0001628280-25-047486_a093025earningsrelease.htm:1]** **[1178970_0001628280-25-047486_a093025earningsrelease.htm:3]** **[1178970_0001628280-25-047486_a093025earningsrelease.htm:16]** 
- The company's **net interest margin** increased to **3.43%** for the quarter ended September 30, 2025, from 3.36% in the prior quarter, and the **efficiency ratio** improved to **51.01%**.  **[1178970_0001628280-25-047486_a093025earningsrelease.htm:1]** **[1178970_0001628280-25-047486_a093025earningsrelease.htm:3]** **[1178970_0001628280-25-047486_a093025earningsrelease.htm:4]** **[1178970_0001628280-25-047486_a093025earningsrelease.htm:16]** 
- Total **deposits** grew by **$387.7 million** to **$19.10 billion** as of September 30, 2025, and total **assets** reached **$24.83 billion**.  **[1178970_0001628280-25-047486_a093025earningsrelease.htm:1]** **[1178970_0001628280-25-047486_a093025earningsrelease.htm:12]** 
- **Tangible book value per share** increased **3.6%** to **$15.13** as of September 30, 2025.  **[1178970_0001628280-25-047486_a093025earningsrelease.htm:1]**

Provident Financial Services Inc. Announces Q3 2025 Results

- Provident Financial Services reported **net earnings of $0.55 per share** for the third quarter of 2025, with an annualized return on average assets of **1.16%** and an adjusted return on average tangible equity of **16.01%**.  **[0001178970_2217485_3]** 
- The company achieved **record pre-tax, pre-provision earnings of $109 million** and **record revenue of $222 million** for the quarter.  **[0001178970_2217485_3]** 
- Deposits increased by **$388 million**, an annualized rate of **8%**, driven primarily by core deposits, while the commercial loan portfolio grew at an annualized rate of **5%**.  **[0001178970_2217485_1]** **[0001178970_2217485_3]**  The loan pipeline reached **nearly $2.9 billion**.  **[0001178970_2217485_1]** 
- Asset quality remained strong, with non-performing assets declining to **0.41%** of total assets and net charge-offs totaling **$5.4 million**.  **[0001178970_2217485_3]**  The Board of Directors approved a quarterly cash dividend of **$0.24 per share**, payable on November 28.  **[0001178970_2217485_2]**

Provident Financial Services Reports Strong Q3 2025 Results

- Provident Financial Services reported **net income of $71.7 million** and **$0.55 diluted earnings per share** for the three months ended September 30, 2025, compared to $46.4 million and $0.36, respectively, for the same period in 2024.  **[1178970_96eb464c1f7f4b0f9b5895dcf2458491_0]** 
- The company achieved **record revenue of $221.8 million** for the third quarter of 2025, marking a second consecutive quarter of record revenue.  **[1178970_96eb464c1f7f4b0f9b5895dcf2458491_1]** 
- For the nine months ended September 30, 2025, net income totaled **$207.7 million**, or **$1.59 per diluted share**, a substantial increase from $67.0 million, or $0.65 per diluted share, in the prior year, partly due to the absence of merger-related transaction costs in 2025.  **[1178970_96eb464c1f7f4b0f9b5895dcf2458491_0]** 
- The efficiency ratio improved to **51.01%** for the three months ended September 30, 2025, down from 53.52% in the trailing quarter and 57.20% in the prior year quarter.  **[1178970_96eb464c1f7f4b0f9b5895dcf2458491_4]** **[1178970_96eb464c1f7f4b0f9b5895dcf2458491_6]** 
- Total non-performing loans decreased to **$100.4 million**, or **0.52%** of total loans held for investment, as of September 30, 2025, from $107.2 million as of June 30, 2025.  **[1178970_96eb464c1f7f4b0f9b5895dcf2458491_10]**

Provident Financial Services Reports Strong Third Quarter 2025 Earnings

- Porsche Financial Services, Inc. (PFS) issued an auto Asset Backed Securities (ABS) offering in the USA with a principal amount of **$870.4 million**.  **[1178970_acddd45be0f54d4ca9b84fc1a26a104d_0]** 
- This transaction represents the **second bond issuance** for PFS in **2025**.  **[1178970_acddd45be0f54d4ca9b84fc1a26a104d_0]** 
- The securities issued maintained a **‘AAA’ rating** from rating agencies and were divided into **five tranches**, including a floating rate tranche.  **[1178970_acddd45be0f54d4ca9b84fc1a26a104d_0]** 
- The transaction was led by **RBC Capital Markets** and received solid investor support, highlighting the strength of PFS’s auto portfolio and Porsche’s brand.  **[1178970_acddd45be0f54d4ca9b84fc1a26a104d_0]**

PROVIDENT FINANCIAL SERVICES (PFS)