Key Highlights

  • Consensus EPS of 0.61 compares with second-quarter diluted EPS of 0.60, against 0.55 a year earlier.
  • Consensus revenue of USD 235.31 million compares with net interest income of USD 202,680 thousand, up from USD 187,094 thousand.
  • Net interest margin was 3.48% against 3.36%, and net income was USD 78,147 thousand against USD 71,981 thousand.
  • Non-performing loans were USD 136.9 million, or 0.68% of total loans, against USD 78.4 million, or 0.40%, at year end.

Provident Financial Services (NYSE:PFS) reports third-quarter results on Wednesday, Oct. 28, after the market closes. Consensus stands at EPS of 0.61 on revenue of USD 235.31 million, and the company has a market capitalization of USD 3.03 billion.

Provident Financial Services is a bank holding company with real estate secured, commercial and consumer lending, along with wealth management and insurance agency businesses. Second-quarter net interest income was USD 202,680 thousand against USD 187,094 thousand, and net income was USD 78,147 thousand against USD 71,981 thousand.

Estimates Against the Last Reported Quarter

The EPS estimate of 0.61 is above the second-quarter diluted EPS of 0.60, which compared with 0.55 a year earlier. The estimates table does not state its EPS basis. For six months, net income totaled USD 157.6 million, or 1.21 per basic and diluted share.

The revenue estimate of USD 235.31 million is above net interest income of USD 202,680 thousand and below interest and dividend income of USD 326,595 thousand, and the estimates table does not state its revenue basis. Noninterest income was USD 31,973 thousand against USD 27,075 thousand.

What the Filing Gives and What the Sources Leave Open

The sources supplied include no earnings call transcript or published guidance, so there are no management ranges to set against the estimates. The filing carries no third-quarter figures.

The filing states that net interest income increased USD 15.6 million to USD 202.7 million. It also reports four commercial loans on senior housing properties totaling USD 81.8 million that are the subject of bankruptcy filings, with no prior charge-off history.

Net Interest Margin, Credit and Funding Detail

Net interest margin was 3.48% against 3.36%, and net interest rate spread was 2.90% against 2.74%. Net interest income after provision for credit losses was USD 193,346 thousand against USD 189,982 thousand. Non-performing loans were USD 136.9 million, or 0.68% of total loans, against USD 78.4 million, or 0.40%, at Dec. 31, 2025.

Total deposits were USD 19,545,169 thousand against USD 19,278,683 thousand at year end, and borrowed funds were USD 2,407,532 thousand against USD 2,111,955 thousand. Fees were USD 12,259 thousand, wealth management income was USD 7,517 thousand and insurance agency income was USD 5,446 thousand.

Expense Lines, Capital Returns and Cash

Noninterest expense was USD 119,258 thousand against USD 114,614 thousand, and income before income taxes was USD 106,061 thousand against USD 102,443 thousand. Interest income on real estate secured loans was USD 195,381 thousand against USD 192,792 thousand.

The company repurchased 25,799 shares in the quarter at an average cost of 22.15 per share and 614,722 shares in the six months at 21.09. Cash and cash equivalents were USD 228,293 thousand. The estimates table lists a market capitalization of USD 3.03 billion.

Figures to Follow in the Release

Reported EPS against 0.61 and revenue against USD 235.31 million are the headline comparisons. Other markers are net interest margin, non-performing loans and the senior housing loans in bankruptcy.