• Provident Financial Services posted net income of $79.4 million, or $0.61 per share, for quarter ended March 31, 2026, up from $64 million, or $0.49 per share, a year earlier.
• Net interest income rose $12 million to $193.7 million, lifting net interest margin 6 basis points to 3.40%.
• Provision for credit losses swung to a $2.1 million recapture, including a $4.7 million recapture on loans, versus a $635,000 provision a year earlier.
• Non-performing loans climbed to $142.9 million, or 0.73% of total loans, driven by four commercial senior housing loans totaling $82.1 million tied to bankruptcy filings.
• Total assets increased to $25.2 billion while deposits fell $178.4 million to $19.1 billion; borrowings rose $371 million to $2.48 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Provident Financial Services Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-032754), on May 08, 2026, and is solely responsible for the information contained therein.