Welcome to our dedicated page for Provident Finl news (Ticker: PFS), a resource for investors and traders seeking the latest updates and insights on Provident Finl stock.
Provident Financial Services, Inc. (NYSE: PFS) is the holding company for Provident Bank, a community-focused financial institution founded in Jersey City in 1839. Through Provident Bank and its subsidiaries, the company operates in the financial services industry, providing traditional banking and related financial services to customers in New Jersey, New York, and Pennsylvania.
This news page aggregates coverage and official announcements related to Provident Financial Services, Inc. and Provident Bank. Readers can follow company press releases on quarterly and year-end earnings, dividend declarations, investor conference calls, and presentation materials furnished to the U.S. Securities and Exchange Commission. The company regularly reports financial results and hosts conference calls to discuss performance, as reflected in its earnings releases and associated 8-K filings.
In addition to financial and investor updates, the news flow highlights Provident Bank’s community and philanthropic activities. Recent releases describe employee-funded grant programs supporting nonprofit organizations, crisis response funds addressing food insecurity, and participation in small business recovery grant programs in partnership with the Federal Home Loan Bank of New York. These items illustrate the bank’s role as a community-focused institution within its operating footprint.
Corporate governance and executive developments are also covered, including announcements of executive appointments, promotions, and retirement plans, as well as disclosures about executive compensation and severance arrangements. Together, these updates provide insight into the company’s strategic priorities, leadership, and community engagement.
Investors, analysts, and community stakeholders can use this page to review the latest publicly released information about Provident Financial Services, Inc. (PFS) and Provident Bank, including financial performance updates, capital actions, and community initiatives.
Provident Protection Plus (PFS) retained its Best Practices status for 2025 and was named a top-performing independent insurance agency for the third consecutive year.
Out of 1,146 agencies nominated nationwide, only 348 qualified as Best Practices Agencies. The designation is awarded by the Independent Insurance Agents & Brokers of America and Reagan Consulting after a rigorous nomination and qualifying process.
Best Practices winners must rank among the top 35–45 agencies in their revenue category and submit extensive financial and operational data; 2025 begins the current three-year study cycle.
Provident Bank (PFS) announced on October 23, 2025 that it awarded $63,000 in grants to eight New Jersey non-profit organizations through its Community Partnership Program. The grants support community development, economic empowerment, financial literacy, education, and housing/homeownership in low- and moderate-income communities across New Jersey.
The eight recipients include Housing & Community Development Network of NJ, Urban League of Essex County, Ironbound Community Corporation, Housing Partnership, Central Jersey Housing Resource Center, NORWESCAP, Invest Newark, and New Jersey Community Capital. Provident says the program furthers long-term economic prosperity and financial empowerment locally.
Provident Bank (NYSE:PFS) on Oct 14, 2025 appointed Renee Altomonte as Executive Vice President, Retail Banking Director.
Reporting to Vito Giannola, she will oversee the branch network across New Jersey, Eastern Pennsylvania, and parts of New York, lead retail sales and service, optimize branch operations, and execute the retail strategic plan to grow deposits and the customer base while enhancing customer experience.
Altomonte brings over 30 years of financial‑services leadership, including senior roles at TD Bank, and will focus on driving profitable growth and operational excellence across the retail footprint.
Provident Bank (NYSE:PFS) appointed Annamaria Vitelli as Executive Vice President, Chief Growth Officer for Beacon Trust on October 7, 2025. The newly created role will oversee growth and retention of client relationships, lead business development and wealth advisory teams, and collaborate with Beacon Trust President Valerie Murray on a strategic sales and retention plan to expand market presence.
Ms. Vitelli previously served as Executive Vice President, Head of Hawthorn at PNC Private Bank, where she led an ultra-high-net-worth segment and oversaw a team of more than 200 professionals serving clients with investable assets exceeding $20 million. She holds a J.D. and an LL.M. in Taxation, both cum laude from Temple University Beasley School of Law.
Provident Financial Services (NYSE:PFS) has scheduled its Q3 2025 earnings conference call for October 30, 2025, at 2:00 p.m. ET. The financial results for the quarter ending September 30, 2025, will be released on October 29, 2025, after market close.
The company, which operates through Provident Bank with assets of $24.5 billion as of June 30, 2025, will make the earnings release available on their website. The bank maintains a network of branches across New Jersey, eastern Pennsylvania, and select New York counties, offering additional services through subsidiaries Beacon Trust Company and Provident Protection Plus.
Provident Financial Services (NYSE:PFS) received coverage initiation from Stonegate Capital Partners following strong Q2 2025 performance. The company reported record quarterly revenue of $214.2M, with net income reaching $72.0M ($0.55 per share), up from $64.0M ($0.49 per share) in Q1 2025 and improving significantly from a net loss of $11.5M in Q2 2024.
The quarterly performance was driven by higher net interest income from new loan originations and improved adjustable-rate loan repricing. Net interest income reached $187.1M, complemented by $27.1M in non-interest income. Commercial loan balances grew by $319.3M, while non-performing assets improved to 0.44% of total assets.
The Provident Bank Foundation (PBF) has announced its first-ever Empowerment Grant recipients, awarding 41 multi-year grants totaling $515,000 annually to nonprofit organizations across New Jersey, New York, and Pennsylvania. The grants, ranging from $5,000 to $20,000 each, will be automatically renewed in 2026.
The grants focus on three priority areas: Education, Human Services, and Workforce Development. Recipients include organizations working in community colleges, vocational programs, housing assistance, food security, healthcare access, youth mental health, job training, and reentry programs. The initiative emerged from PBF's strategic revisioning process aimed at advancing equity and inclusion, particularly supporting communities affected by systemic inequities.
Provident Bank (PFS) has appointed Michael A. Perito as Senior Vice President and Head of Corporate Strategy, a newly created position. Reporting to EVP and Chief Accounting Officer Adriano Duarte, Perito will oversee the bank's strategic planning, growth initiatives, and market alignment.
Perito brings nearly 15 years of experience in financial services and fintech. He joins from The Travillian Group, where he founded their bank consulting practice. Previously, he served as Managing Director at Keefe, Bruyette & Woods, covering fintech-enabled and regional banks. His expertise includes strategic planning, investor relations, corporate development, and digital strategy.
Provident Financial Services (NYSE:PFS) announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per common share. The dividend will be paid on August 29, 2025, to stockholders of record at the close of business on August 15, 2025.
Provident Financial Services (NYSE:PFS) reported strong Q2 2025 financial results with net income of $72.0 million, or $0.55 per share, compared to $64.0 million in Q1 2025 and a net loss of $11.5 million in Q2 2024.
The company achieved record revenue of $214.2 million, including record net interest income of $187.1 million. The net interest margin increased to 3.36%, while the C&I loan portfolio grew by 16.26% annualized to $4.69 billion. Asset quality remained strong with non-performing assets at 0.44% and minimal net charge-offs of 0.03%.
Notable improvements include a $2.7 million benefit to credit loss provisions, increased efficiency with a 53.52% ratio, and tangible book value growth of 3.2% to $14.60 per share.