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PFS US​

Provident Financial Services Inc(PFS US)

$23.24+0.120.52%Ext:$24.07+0.833.55%(Market Closed · 00:00:02 UTC)

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Provident Financial Services Inc — Company Profile

Provident Financial Services, Inc. functions as the parent company for Provident Bank, delivering a broad spectrum of financial products and services to individuals, families, and businesses across the United States. Its deposit offerings encompass various account types, including savings, standard and interest-bearing checking accounts, money market accounts, certificates of deposit, and IRA products. The company's extensive loan portfolio features commercial real estate loans, which are collateralized by properties such as multi-family apartment complexes, office buildings, retail spaces, and industrial sites. It also provides commercial business loans, alongside fixed-rate and adjustable-rate mortgage loans secured by one-to-four family residential properties. Further loan options include commercial construction loans and a range of consumer loans like home equity loans, home equity lines of credit, marine loans, personal loans and unsecured lines of credit, and financing for automobiles and recreational vehicles. Beyond these, Provident delivers essential banking solutions such as cash management, remote deposit capture, payroll origination, escrow account management, and convenient online and mobile banking services, in addition to offering business credit cards. The company also extends wealth management services, covering investment management, trust and estate administration, financial planning, tax compliance and planning, and private banking. In a broader capacity, Provident sells insurance and investment products, including annuities. It also operates as a real estate investment trust (REIT), focused on acquiring mortgage loans and other real estate-related assets, and actively manages and sells properties obtained through foreclosure. As of December 31, 2021, the company maintained 96 full-service branch offices situated across northern and central New Jersey, as well as specific counties in Pennsylvania and New York. Provident Financial Services, Inc. was founded in 1839 and is headquartered in Jersey City, New Jersey.

Sector
Financials
Industry
Banks
Exchange
UN
CEO
Anthony J. Labozzetta
Headquarters
Jersey City, NJ, US
IPO Date
Jan 16, 2003
Employees
1,842
Website
www.provident.bank

Key Metrics

Price
$22.58
Market Cap
$2.94B
Revenue (TTM)
$346.52M
Net Income (TTM)
$79.42M
EPS (TTM)
0.61
P/E (TTM)
9.60
P/B (TTM)
1.03
Dividend Yield
4.47%
ROE (TTM)
2.77%
ROA (TTM)
0.32%
Operating Margin
31.79%
Beta
0.44

Dividends

Last Dividend
$0.24
Last Yield
0.04%

Summary

Provident Financial Services, Inc. functions as the parent company for Provident Bank, delivering a broad spectrum of financial products and services to individuals, families, and businesses across the United States. Its deposit offerings encompass various account types, including savings, standard and interest-bearing checking accounts, money market accounts, certificates of deposit, and IRA products. The company's extensive loan portfolio features commercial real estate loans, which are collateralized by properties such as multi-family apartment complexes, office buildings, retail spaces, and industrial sites. It also provides commercial business loans, alongside fixed-rate and adjustable-rate mortgage loans secured by one-to-four family residential properties. Further loan options include commercial construction loans and a range of consumer loans like home equity loans, home equity lines of credit, marine loans, personal loans and unsecured lines of credit, and financing for automobiles and recreational vehicles. Beyond these, Provident delivers essential banking solutions such as cash management, remote deposit capture, payroll origination, escrow account management, and convenient online and mobile banking services, in addition to offering business credit cards. The company also extends wealth management services, covering investment management, trust and estate administration, financial planning, tax compliance and planning, and private banking. In a broader capacity, Provident sells insurance and investment products, including annuities. It also operates as a real estate investment trust (REIT), focused on acquiring mortgage loans and other real estate-related assets, and actively manages and sells properties obtained through foreclosure. As of December 31, 2021, the company maintained 96 full-service branch offices situated across northern and central New Jersey, as well as specific counties in Pennsylvania and New York. Provident Financial Services, Inc. was founded in 1839 and is headquartered in Jersey City, New Jersey.

Website
www.provident.bank
Location
Jersey City, NJ, US
Phone732 590 9200
Employees1,842
CEOAnthony J. Labozzetta
Sector
Financials
Industry
Banks
IPO DateJan 16, 2003

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Latest Documents

SEC Filings(2K)

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  • 4Statement of changes in beneficial ownership15 Sep
  • 144Christy James A.4 Sep
  • 4Statement of changes in beneficial ownership1 Sep
  • 144SHARA THOMAS1 Sep
  • 8-KOther Events24 Aug
  • 424B5Prospectus filing (Rule 424(b)(5))24 Aug
  • FWPFree writing prospectus20 Aug
  • FWPFree writing prospectus20 Aug
  • 424B5Prospectus filing (Rule 424(b)(5))20 Aug
  • 4Statement of changes in beneficial ownership19 Aug
  • 144Giannola Vito18 Aug
  • 8-KFixed Income Presentation August 2026Forward Looking Statements Certain statements contained herein are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts, including but not limited to information related to Provident Financial Services, Inc. (the “Company”) and statements about the proposed securities offering. These statements may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as “may,” “will,” “believe,” “expect,” “estimate,” "project," "intend," “anticipate,” “continue,” or similar terms or variations on those terms, or the negative of those terms, including references to assumptions. The forward-looking statements contained in this presentation reflect our current views about future events and financial performance and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause our actual results to differ significantly from historical results and those expressed in any forward-looking statement. Some factors that could cause actual results to differ materially from historical or expected results include, but are not limited to, those set forth in Item 1A of the Company's Annual Report on Form 10-K, as may be supplemented by its Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, and those related to the economic environment, particularly in the market areas in which the Company operates, inflation and unemployment, competitive products and pricing, real estate values, fiscal and monetary policies of the U.S. Government, changes in tariff, trade and other economic policies, geopolitical conditions, changes in accounting policies and practices that may be adopted by regulatory agencies and accounting standard setters, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, cybersecurity incidents, fraud and other operational risks, changes in prevailing interest rates, changes in customer deposit behavior and liquidity conditions, competition from banks, financial technology companies and other non-bank financial service providers, acquisitions and the integration of acquired businesses, credit risk management, asset-liability management, the financial and securities markets, and the availability of and costs associated with sources of liquidity. Forward-looking statements regarding the proposed securities offering are also subject to risks and uncertainties, including market conditions, satisfaction of customary closing conditions and the possibility that the offering may not be completed on the anticipated terms, timing or at all. The Company cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date they are made. The Company advises readers that the factors listed above could affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not assume and expressly disclaims any duty, and does not undertake, to update any forward-looking statements in this presentation to reflect events or circumstances after the date of this statement or otherwise, except as required by law. Non-GAAP Financial Measures This presentation contains one or more non-GAAP financial measures determined by methods other than in accordance with generally accepted accounting principles. We use such non-GAAP financial measures to provide meaningful supplemental information regarding our performance. We believe these non-GAAP financial measures and ratios are beneficial in assessing our operating results and related trends, and when planning and forecasting future periods. These non-GAAP disclosures should be considered in addition to, and not as a substitute for or preferable to, financial results determined in accordance with GAAP. The non-GAAP financial measures we use may differ from the non-GAAP financial measures other financial institutions use to measure their results of operations. A reconciliation of any non-GAAP financial measures used in this presentation to the most directly comparable GAAP financial measure is included in the appendix at the end of this presentation. No Offer or Solicitation This presentation is neither an offer to sell nor a solicitation of an offer to purchase any securities of the Company. There will be no sale of securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. These securities are not insured or guaranteed by the FDIC or any other governmental agency or public or private insurer. Neither the SEC nor any other regulatory body has approved or disapproved of the securities of the Company or passed on the adequacy or accuracy of this presentation. Any representation to the contrary is a criminal offense. Except as otherwise indicated, this presentation speaks as of the date hereof. Third Party Sources Certain information contained in this presentation and oral statements made during this presentation relate to or are based upon publications and data obtained from third-party sources. While the Company believes these sources to be reliable as of the date of this presentation, the Company has not independently verified such information, and makes no representation as to its accuracy, adequacy, fairness or completeness. Forward Looking Statements & Non-GAAP Disclaimers 2Company Overview Loan Portfolio and Asset Quality Financial Overview Securities Portfolio and Other Funding Capital Position Appendix Table of ContentsCompany Overview 4Adriano M. Duarte, Executive Vice President and Chief Financial Officer Adriano M. Duarte has served as Chief Financial Officer since June 2026, and as Executive Vice President since April 2023. He has been with the Company for 5 years and previously served as Chief Accounting Officer from April 2023 to June 2026 and Senior Vice President and Controller from January 2021 to April 2023. He brings 30+ years of experience in financial services, including roles at SB One Bancorp and Investors Bancorp, Inc. He holds a B.S. in Accounting and M.B.A. from Rutgers University, and is a C.P.A. Bill Fink, Executive Vice President and Chief Lending Officer Bill Fink has served as Executive Vice President and Chief Lending Officer since February 2025. He previously served as Executive Vice President and Head of U.S. Middle Market Banking at TD Bank. He brings over 30 years of experience in commercial banking and credit administration. He holds B.S. in Marketing and an M.B.A. in Management & Finance from St. Joseph’s University, and is a C.P.A. Overview of the Management Team 5 Michael Perito, Senior Vice President and Head of Corporate Strategy & Investor Relations Michael Perito has served as Investor Relations Officer since March 2026 and Senior Vice President and Head of Corporate Strategy of Provident Bank since August 2025. He brings 15 years of experience in financial services and fintech, including senior executive roles at The Travillian Group and Keefe, Bruyette & Woods, a Stifel Company. He holds a B.S. in Business Administration from Villanova University. Anthony J. Labozzetta, President and Chief Executive Officer Anthony J. Labozzetta has served as President since August 2020 and Chief Executive Officer since January 2022. He has been with the Company for 6 years and previously served as President and Chief Operating Officer from August 2020 to January 2022. He brings 30 years of banking experience including senior executive roles at SB One Bancorp, TD Bank, and Interchange Financial Services Corp. He is a graduate of Wagner College. James A. Christy, Executive Vice President and Chief Risk Officer James A. Christy has served as Chief Risk Officer since January 2012 and as Executive Vice President since February 2018. He has been with the Company for 25 years and previously served as Senior Vice President from January 2012 to February 2018, and General Auditor from September 2001 to January 2012. He brings over 35 years of experience including roles at Summit Bancorp. He holds a B.S. in Economics from Georgetown University and an M.B.A. from Fordham University. James M. Nigro, Executive Vice President and Chief Credit Officer James M. Nigro has served as Executive Vice President, and Chief Credit Officer since May 2024. He previously served as Chief Risk Officer from March 2016 to May 2024 at Lakeland Bancorp. He brings over 30+ years of banking experience, including roles at Somerset Hills Bancorp and Summit Bancorp. He holds a B.S. in Finance from Seton Hall University.George Lista, President and Chief Executive Officer of Provident Protection Plus George Lista has served as President and Chief Executive Officer of Provident Protection Plus, Inc. since 2001. He has been with the Company for 25 years and previously served as Chief Operating Officer of SB One Insurance Agency, Inc. He brings 45 years of experience in the financial services industry. He holds a B.S. in Accounting from Montclair State University. Annamaria Vitelli, Executive Vice President, Chief Wealth Officer, and President of Beacon Trust Annamaria Vitelli has served as Executive Vice President, Chief Wealth Officer, and President of Beacon Trust since June 2026. She previously served as Chief Growth Officer of Beacon Trust from September 2025 to June 2026, and before spent 17 years at PNC Bank. She brings 20+ years of experience in wealth management, private banking, trust, and estate planning. She holds a J.D. and an LL.M. in Taxation from Temple University. Overview of the Management Team (cont’d) 6 Vito Giannola, Executive Vice President and Chief Banking Officer Vito Giannola has served as Executive Vice President and Chief Banking Officer since September 2020. He has been with the Company for 6 years and previously served as Senior Executive Vice President and Chief Banking Officer of SB One Bancorp from September 2010 to August 2020. He brings 30+ years of experience in the financial services industry. He holds a B.B.A. in Business and Psychology from the College of Mt. St. Vincent. Ravi Vakacherla, Executive Vice President and Chief Information and Operations Officer Ravi Vakacherla has served as Executive Vice President and Chief Information Officer since August 2022. He has been with the Company for 5 years and previously served as Executive Vice President and Chief Transformation Officer at People's United Financial, Inc. from July 2020 to July 2022. He brings 25+ years of experience in the financial services industry. He holds a Bachelors degree in Electronic Engineering from Jawaharlal Nehru Technological University and a Master’s Degree in Computer Science from Midwestern State University.Provident Bank; Building a Premier Banking Franchise Total Assets $25.7BN Total Loans $20.0BN Total Deposits $19.5BN YTD ROAA 1.26% YTD ROATCE¹ 16.2% • Founded in 1839, longest tenured bank headquartered in New Jersey • 135 branches serving New Jersey, eastern Pennsylvania, and Orange, Queens, and Nassau Counties, New York • Full-service commercial & consumer bank • Strong capital, pristine asset quality, consistent results • Diversified revenue stream from wealth management and insurance • Quality earnings driven by earning asset growth, expanding margin, operational efficiency and strong credit quality • Lakeland merger fully integrated • Continued focus on evolving digital channels and technology infrastructure • Enhancing deposit gathering initiatives by appointing specialized leadership to strengthen core funding infrastructure TCE¹ 8.6% 7 PFS (135) Financial data as of or for the six months ended June 30, 2026 CET1 10.6% Total RBC 13.5% COMPANY OVERVIEW GEOGRAPHIC OVERVIEW 1) Non-GAAP financial measure. See Appendix for a reconciliation of GAAP and non-GAAP financial measuresInvestment Highlights 8 Highly experienced and stable management team effectively executing a relationship banking strategy, delivering high quality banking services across customer base Long-standing commitments to serving the local community, employee engagement, and diversity and inclusion Robust risk controls and strong regulatory compliance record Disciplined stewards of capital: strong organic growth, selective M&A Strong track record of financial performance Emphasis on acquisition and retention of high-quality core deposits, resulting in a sticky, low-cost deposit base Well positioned in highly attractive and stable markets with a diversified loan portfolio and strong fee income from wealth & asset management and insuranceWell Positioned in Highly Attractive Markets 9 Rank Institution Deposits ($MM)¹ Share (%)¹ 1 Valley National Bancorp $29,584 19.4% 2 Provident Financial Services Inc. 17,936 11.8 3 Columbia Financial Inc. 10,001 6.6 4 OceanFirst Financial Corp. 9,712 6.4 5 Fulton Financial Corp. 8,966 5.9 6 ConnectOne Bancorp Inc. 6,984 4.6 7 CRB Group Inc. 6,649 4.4 8 Flagstar Bank NA 6,018 4.0 9 Kearny Financial Corp. 5,571 3.7 10 Peapack-Gladstone Financial Corp. 5,132 3.4 11 Sumitomo Mitsui Trust Bank Ltd. 3,467 2.3 12 Spencer Savings Bank SLA 3,085 2.0 Total for Institutions in New Jersey $436,803 Branches: 128 Deposits: $17,868mm Presence in Attractive New York-Newark-Jersey City MSA HIGHLY RANKED DEPOSIT MARKET SHARE IN NJ KEY GEOGRAPHIC HIGHLIGHTS¹ 1) Deposit market share data as of June 30, 2025 annual FDIC survey. Institutions shown pro forma for pending or recently completed acquisitions. Market share and ranking shown for institutions with less than $100 billion in assets 2) Market demographic data per S&P Capital IQ Pro 3) Represents the New York-Newark-Jersey City MSA $86,867 $105,148 Nationwide NYC MSA³ 11.30% 11.43% Nationwide NYC MSA³ Median Household Income² Proj. Median Household Income Growth² (2026 – 2031)Growth Achieved Through an Organic Strategy Augmented by Disciplined M&A 10 • Consistent organic growth has been supplemented by select, opportunistic whole bank acquisitions that have been conservatively priced and modeled • Wealth management has been a key priority in last decade, resulting in strong diversification of revenue • Acquisition of SB One Bancorp enhanced fee-based business and fee generation provided by Provident Protection Plus insurance agency WEALTH MANAGEMENT ACQUISITIONS Deal Year Description Tirschwell & Loewy 2019 NYC-based RIA with $823MM¹ in AUM MDE Group 2015 In-market acquisition of Morristown-based RIA Suffolk Bancorp’s WM business 2014 All wealth management assets of Suffolk County National Bank Beacon Trust 2011 Morristown-based trust and wealth management company May 2024: Lakeland Bancorp - $870MM value¹ - $11.0BN assets¹ July 2020: SB One Bancorp - $186MM value¹ - $2.1BN assets¹ May 2014: Team Capital Bank - $115MM value¹ - $949MM assets¹ PROVIDENT ACQUISITIONS $8.9 $9.5 $9.8 $9.7 $9.8 $12.9 $13.8 $13.8 $14.2 $24.1 $25.0 $25.7 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2Q'26 TOTAL ASSETS ($BN) EXPERIENCED BANK PARTNERS ADDING SCALE… …SUPPLEMENTED BY FEE INCOME DEALS 1) Reflects deal value as of closing; Total assets and assets under management as of the quarter prior to the completion date of each transaction; Sourced from S&P Capital IQ Pro Note: All financial data is presented for the applicable fiscal year-end or respective fiscal quarter ending, unless otherwise notedLoan Portfolio and Asset Quality 11Loan Underwriting Policy and Disciplined Credit Culture 12 Striking a Balance Between: In Our Decision Making and Responsiveness to Customers Prudence Disciplined Underwriting Portfolio Management / Analytics • Provident employs a conservative lending approach with processes that allow for the prompt and thorough underwriting and approval/decline of loan requests consistent with our established risk appetite • In addition to meeting weekly for loan approval, the Credit Committee reviews loan statistical data on a quarterly basis, which includes loans outstanding by category, delinquencies, criticized/classified loans, non-performing loans, other real estate owned and charge-offs • Conservative credit culture bolstered by significant experience managing through various credit cycles Policy Maximum By Product Type As % of June 30, 2026 % of % of Wtd. Avg. Loans Outstanding % of Portfolio Portfolio Capital Risk Rating¹ Residential / 1-4 Family 10% 25% 200% 3.03 Commercial Real Estate 37% 65% 350% 3.56 Multi-Family 19% 25% 175% 3.50 Construction 3% 10% 65% 4.04 C&I 28% 35% 250% 3.78 Consumer 3% 15% 100% 3.03 1) Risk ratings 1 through 5 are considered pass risk ratings. Risk rating definitions: 1 = Minimal Risk; 2 = Modest Risk; 3 = Average Risk; 4 = Acceptable Risk; 5 = Pass-Watch; 6 = Special Mention; 7 = Substandard; 8 = Doubtful; 9 = LossDiversified Loan Portfolio 13 10% 19% 37% 26% Total Loans: $20.0bn 2Q’26 Yield: 5.90% Reserves / Gross Loans: 0.92% CRE (Excl. Multi-Family) / Total RBC: 291% CRE (Incl. Multi-Family) / Total RBC: 428% C&D / Total RBC: 26% 2Q’26 LOAN COMPOSITION BANK LEVEL PORTFOLIO CHARACTERISTICS CRE C&I Multifamily 1-4 Family Mortgage Warehouse 2% C&D 3% Consumer 3% Note: As of or for the quarter ended June 30, 2026 • Exposure to Non-Depository Financial Institution (“NDFI”) lending totals $415 million, of which $314 million is mortgage warehouse lendingOverview of CRE Portfolio and Concentrations 14 34% 27% 25% 25% 36% 28% 26% 26% 2024 2025 1Q'26 2Q'26 Holding company Bank-level Holding company Bank-level 10 Largest CRE Relationships as a % of CRE Portfolio: 4.0% Adjusted ADC Concentration Ratio³: 24% Average Loan Size Outstanding of CRE Portfolio: $2.5mm 10 Largest CRE Relationships as % of Total Portfolio: 2.3% 34% 24% 19% 8% 6% 9% Total Loans: $11.4bn² Multifamily Retail Industrial Mixed use Office Other¹ Adjusted CRE Concentration Ratio³: 400% 2Q’26 CRE INVESTMENT BY PROPERTY TYPE HISTORICAL CRE CONCENTRATION RATIOS HISTORICAL C&D CONCENTRATION RATIOS 433% 416% 414% 411% 460% 432% 429% 428% 2024 2025 1Q'26 2Q'26 1) “Other” includes categories that compose less than 5% of the CRE investment portfolio (incl. special use, residential, hotel and land) 2) Excludes purchase accounting adjustments and construction loans 3) Non-GAAP financial measure. See Appendix for a reconciliation of GAAP and non-GAAP financial measures9% 51% 40% CRE Deep Dive 15 Total Multifamily Portfolio: $3.8bn Total NY Multi: $655mm¹ Manhattan Other New York City Boroughs Other New York NEW YORK ORIGINATIONS TOTAL MULTI ORIGINATIONS $191mm $94mm $112mm $37mm $140mm $80mm 2021 or Prior 2022 2023 2024 2025 2026 $1.8bn $570mm $478mm $261mm $528mm $255mm 2021 or Prior 2022 2023 2024 2025 2026 Total Rent Stabilized: $186.1mm, or <1% of total loan portfolio OFFICE MATURITY OR REPRICING BY YEAR $219mm $137mm $132mm $70mm $76mm $119mm 2026 2027 2028 2029 2030 2031 or Later 2Q’26 NEW YORK MULTIFAMILY PORTFOLIO 2Q’26 OFFICE PORTFOLIO BY LOCATION 70% 10% 9% 6% 3% 2% Total Office: $752mm¹ Medical Office as % of Total Office Portfolio: ~35% No significant central business district exposure New Jersey Pennsylvania Other New York City Boroughs Out of Market Other New York Manhattan 1) Excludes purchase accounting adjustments CRE Office Portfolio LTV: ~42%History of Prudent Credit Management Across Cycles 16 NPA TRENDS ($MM) $59.1 $84.5 $97.3 $122.5 $99.0 $76.7 $53.9 $44.4 $42.4 $34.9 $25.7 $40.2 $87.1 $48.0 $58.5 $49.6 $72.1 $78.4 $136.9$1.1 $7.6 $38.9 $58.4 $58.2 $54.8 $26.0 $29.9 $31.7 $35.7 $42.6 $23.7 $21.9 $19.5 $3.4 $6.4 $2.9 $12.8 $12.5 $5.5 $5.1 $10.5 $8.0 $6.9 $1.6 $2.7 $4.5 $8.7 $2.1 $11.7 $9.5 $2.0 $1.0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2Q'26 Nonaccruals Restructured Loans OREO Note: All financial data is presented for the applicable fiscal year-end or respective fiscal quarter ending, unless otherwise noted 0.96% 1.33% 1.47% 1.91% 1.53% 1.10% 0.69% 0.62% 0.53% 0.42% 0.28% 0.44% 0.71% 0.41% 0.44% 0.43% 0.34% 0.32% 0.54% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2Q'26 NPAs / Assets0.19% 0.39% 0.64% 0.52% 0.43% 0.22% 0.13% 0.07% 0.07% 0.10% 0.39% 0.18% 0.06% (0.04%) 0.01% 0.08% 0.09% 0.07% 0.05% 1.44% 2.65% 2.66% 1.63% 1.12% 0.69% 0.49% 0.42% 0.46% 0.47% 0.46% 0.49% 0.49% 0.25% 0.26% 0.49% 0.65% 0.61% 0.57% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 YTD 2Q'26 1.1% 1.4% 1.6% 1.6% 1.4% 1.2% 1.0% 0.9% 0.9% 0.8% 0.8% 0.8% 1.0% 0.8% 0.9% 1.0% 1.0% 1.0% 0.9% 81% 72% 71% 61% 71% 84% 115% 138% 146% 172% 216% 138% 112% 168% 150% 216% 268% 236% 135% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2Q'26 History of Prudent Credit Management Across Cycles (cont’d) 17 NET CHARGE OFFS / AVERAGE LOANS (%) 1) Sourced from Federal Reserve Economic Data; Reflects annualized metrics for all Commercial Banks Note: YTD 2Q’26 reflects annualized 2Q’26 metric; All financial data is presented for the applicable fiscal year-end or respective fiscal quarter ending, unless otherwise noted RESERVE / LOANS (%) & RESERVES / NPLS (%) PFS National Average¹ R Reserves / Loans Reserves / NPLsFinancial Overview 18Historical Balance Sheet Trends 19 TOTAL ASSETS ($BN) GROSS LOANS HFI ($BN) TANG. COMMON EQUITY / TANG. ASSETS¹ (%) TOTAL DEPOSITS ($BN) $24.1 $25.0 $25.7 2024 2025 2Q'26 $18.6 $19.3 $19.5 2024 2025 2Q'26 $18.7 $19.5 $20.0 2024 2025 2Q'26 7.7% 8.5% 8.6% 2024 2025 2Q'26 1) Non-GAAP financial measure. See Appendix for a reconciliation of GAAP and non-GAAP financial measures Note: All financial data is presented for the applicable fiscal year-end or respective fiscal quarter ending, unless otherwise notedTrack Record of Strong Performance 20 RETURN ON AVERAGE ASSETS (%) RETURN ON AVERAGE TANG. COMMON EQUITY¹ (%) DILUTED EARNINGS PER SHARE ($)EFFICIENCY RATIO¹ (%) 0.6% 0.8%² 1.2% 1.3% 2024 2025 YTD 2Q'26 8.6% 16.2% 11.3%² 16.6% 2024 2025 YTD 2Q'26 58% 52% 51% 55% 49% 48% 2024 2025 YTD 2Q'26 $1.05 $1.21 $1.44² $2.23 $2.42³ 2024 2025 YTD 2Q'26 1) Non-GAAP financial measure. See Appendix for a reconciliation of GAAP and non-GAAP financial measures 2) Adjusted for one-time merger charges of $56.9MM (pre-tax) or $42.9MM (after-tax) 3) Annualized for illustrative purposes Note: All financial data is presented for the applicable fiscal year-end or respective fiscal quarter ending, unless otherwise noted Efficiency Ratio Efficiency Ratio-excl amort expense Adjusted for merger charges Adjusted for merger charges Adjusted for merger charges Annualized valueExpanding Net Interest Margin 21 Securities Net loansInterest-earning assets ASSET YIELDS LIABILITY COSTS LOAN REPRICING TRENDSNET INTEREST MARGIN Loan Pricing 2Q'26 Total ($BN) 2Q'26 % of Total Fixed $14.4 72% Repricing in next four quarters 6.1 31% Floating 5.5 28% Total $20.0 100% 3.26% 3.39% 3.40% 3.48% 2024 2025 1Q'26 2Q'26 Interest-bearing deposits BorrowingsInterest-bearing liabilities 3.43% 3.93% 3.80% 3.99% 6.05% 6.01% 5.85% 5.90% 5.68% 5.68% 5.53% 5.61% 2024 2025 1Q'26 2Q'26 2.83% 2.63% 2.39% 2.37% 3.71% 3.90% 3.90% 3.91% 3.05% 2.91% 2.71% 2.71% 2024 2025 1Q'26 2Q'26$18.6 $19.3 $19.1 $19.5 226bps 192bps 514bps 363bps 2024Y 2025Y 1Q'26 2Q'26 Total Deposits ($BN) Cost of Deposits (bps) Fed Funds (bps)³ Granular and Relationship Focused Funding Model 22 54% 29% 5% 12%88.9% 88.3% 88.6% 87.6% 2024Y 2025Y 1Q'26 2Q'26 Stable Core Deposit Base 3 2 • Strategic build out of treasury management vertical including 3 new hires • Emphasis on growing non-commercial real estate portfolio to drive core deposit growth • Deposit strategy emphasizes disciplined, relationship-driven funding to protect the existing low-cost funding base PFS CORE DEPOSIT TRENDS¹ DEPOSIT COMPOSITION DEPOSIT GATHERING INITIATIVESPFS HISTORICAL COST OF DEPOSITS Total Deposits: $19.5bn Transaction Savings & MMDA Jumbo Time Retail Time 1) Core deposits are total deposits less jumbo time deposits greater than $100,000 2) Reflects annualized Q2’26 metric 3) Fed fund rate represents average rate of each period Note: All financial data is presented for the applicable fiscal year-end or respective fiscal quarter ending, unless otherwise noted; Deposit composition as of June 30, 2026Emphasis on Growing Fee Income 23 PFS REVENUE COMPOSITION (LTM 2Q 2026¹) ($MM) PFS INSURANCE AGENCY FEE INCOME ($MM)PFS WEALTH MANAGEMENT FEE INCOME ($MM) • Beacon Trust remains focused on retention and growth of its platform. Chief Wealth Officer Annamaria Vitelli joined the team in September 2025 • Insurance agency income grew $1.7 million YoY (16%), due to increased contingency commission income, strong retention and new business activity • Focus on growing SBA vertical with SBA loan sales increasing QoQ and YoY $788 $20 $30 $70 Non-Interest Income: $119MM As a % of Revenue: 13% Total Revenue: $908MM $16.2 $18.3 $20.0 2024 2025 LTM 2Q'26 $30.5 $29.3 $29.9 2024 2025 LTM 2Q'26 Net Interest Income Other Non-interest Income Wealth Management Insurance Agency 1) Reflects financial data for the twelve months ended June 30, 2026Securities Portfolio and Other Funding 24Investment Portfolio 25 Total Investment Portfolio¹ = $3.55 Billion • As of June 30, 2026, the portfolio had a modified duration of 4.1 years and weighted average life of 5.0 years • As of June 30, 2026, the allowance for credit losses on held to maturity securities totaled $22,000 AFS Investment Portfolio¹ = $3.29 Billion HTM Investment Portfolio¹ = $0.27 Billion Agency MBS 41% Agency CMO 30% Municipal Bonds 10% Agency CMBS 4% Non-Agency CMBS 4% U.S. Treasury Notes 5% Corporate Notes 3% Student Loan Pools 1% Agency notes 1% Agency MBS 45% Agency CMO 32% Municipal Bonds 3% Agency CMBS 4% Non-Agency CMBS 4% U.S. Treasury Notes 6% Corporate Notes 3% Student Loan Pools 1% Agency notes 1% Municipal Bonds 99% Corporate Notes 0.2% Agency notes 0.4% 1) Total portfolio balances based on market value of AFS and book value of HTM securities as of June 30, 2026 Note: Portfolio compositions based on book value of AFS and HTM securities as of June 30, 2026Maintaining Strong Liquidity Profile 26 • $8.3 billion available liquid funds and borrowing capacity • Stable insured deposit base, brokered deposits only 6.5% of total deposits as of June 30, 2026 • Total insured and collateralized deposits as of 06/30/26, totaled $13.7BN or 70.1% of our total deposit portfolio Liquidity Diversification = $8.3 Billion FHLB FRB Discounted Window Unencumbered Securities Note: As of June 30, 2026; Totals may not sum due to rounding ($BN) $3.0 $0.9 $4.4 Cash $0.1Interest Rate Sensitivity 27 Calculated Increase (Decrease) in Projected Annual Net Interest Income ($000) June 30, 2026 June 30, 2025 Change in Interest Rates $ Change % Change $ Change % Change +200 bps ($15,471) (1.8%) ($5,573) (0.7%) +100 bps ($7,626) (0.9%) ($2,540) (0.3%) -100 bps $5,715 0.7% ($1,636) (0.2%) -200 bps $14,503 1.7% ($2,800) (0.4%)Capital Position 28Historical Capital Strength 29 8.5% 9.0% 9.1% 9.2%9.7% 10.4% 10.5% 10.5% 2024Y 2025Y Q1'26 Q2'26 10.0% 10.5% 10.6% 10.6% 11.4% 12.2% 12.3% 12.1% 2024Y 2025Y Q1'26 Q2'26 13.2% 13.6% 13.6% 13.5%12.4% 13.1% 13.2% 13.0% 2024Y 2025Y Q1'26 Q2'26 10.0% 10.5% 10.6% 10.6% 11.4% 12.2% 12.3% 12.1% 2024Y 2025Y Q1'26 Q2'26 Holding company Bank-level LEVERAGE RATIO (%) COMMON EQUITY TIER 1 RATIO (%) TOTAL RISK-BASED CAPITAL RATIO (%)TIER 1 RATIO (%) Holding company Bank-level Holding company Bank-level Holding company Bank-level Regulatory Well Capitalized Minimum of 5.0% Regulatory Well Capitalized Minimum of 6.5% Regulatory Well Capitalized Minimum of 8.0% Regulatory Well Capitalized Minimum of 10.0%Double Leverage & Interest Coverage 30 For the Twelve Months Ended Dec. 31, Year-to-Date ($ in thousands) 2024 2025 2Q26 Total Investment in Subsidiaries $2,944,899 $3,216,486 $3,272,961 Consolidated Equity 2,601,207 2,833,212 2,906,985 Double Leverage Ratio 113.2% 113.5% 112.6% Total Deposit Interest Expense $349,523 $400,003 $183,739 Other Borrowing Expense 96,001 112,206 61,499 Total Interest Expense $445,524 $512,209 $245,238 Pre-Tax Income $149,615 $408,157 $216,233 Interest Coverage (including deposit expense) 1.34x 1.80x 1.88x Interest Coverage (excluding deposit expense) 2.56x 4.64x 4.52x Double Leverage Interest CoverageAppendix 31Summary of Outstanding Debt Securities 32 1) Three-Month Chicago Mercantile Exchange Secured Overnight Financing Rate (“SOFR”) + 0.262% Issue Entity Rank Maturity Call Amount ($000s) Front-End Coupon Back-End Coupon Subordinated Debt 2034 Sub Notes (10NC5) HoldCo Subordinated 5/15/2034 5/15/2029 $225,000 9.000% 3M SOFR + 476.5 bps 2031 Sub Notes (10NC5) HoldCo Subordinated 9/15/2031 9/15/2026 $150,000 2.875% 3M SOFR + 220 bps Trust Preferred Capital Securities Lakeland Bancorp Capital Trust II HoldCo Jr. Subordinated 6/30/2033 Callable $20,000 -- 3M SOFR + 310 bps¹ Sussex Capital Trust II HoldCo Jr. Subordinated 9/15/2037 Callable $12,500 -- 3M SOFR + 144 bps¹ 1st Constitution Capital Trust II HoldCo Jr. Subordinated 6/15/2036 Callable $18,000 -- 3M SOFR + 165 bps¹ Lakeland Bancorp Capital Trust IV HoldCo Jr. Subordinated 8/1/2037 Callable $10,000 -- 3M SOFR + 152 bps¹Reconciliation of GAAP to Non-GAAP Financial Measures 33 Note: The Company has presented the following non-GAAP (Generally Accepted Accounting Principles) financial measures because it believes that these measures provide useful and comparative information to assess trends in the Company’s results of operations and financial condition. Presentation of these non-GAAP financial measures is consistent with how the Company evaluates its performance internally and these non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the Company’s industry. Investors should recognize that the Company’s presentation of these non-GAAP financial measures might not be comparable to similarly-titled measures of other companies. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures and the Company strongly encourages a review of its consolidated financial statements in their entirety Dollars in thousands For the Six Months Ended December 31, December 31, June 30, 2024 2025 2026 Efficiency ratio: Net Interest income 600,614$ 760,565$ 396,423$ Non-interest income 94,113 109,836 63,426 Adjustment to non-interest income Net gain on securities transactions 2,986 (843) 309 Adjusted non-interest income 97,099 108,993 63,735 Total income 694,727$ 869,558$ 460,158$ Adjusted non-interest expense 400,681$ 455,973$ 234,027$ Efficiency ratio 58% 52% 51% Amortization of intangibles impact (net of tax) (20,845)$ (26,712)$ (12,337)$ Net interest expense-adjusted 379,836$ 429,261$ 221,690$ Adjusted efficiency ratio 55% 49% 48% For the Twelve Months EndedReconciliation of GAAP to Non-GAAP Financial Measures 34 Note: The Company has presented the following non-GAAP (Generally Accepted Accounting Principles) financial measures because it believes that these measures provide useful and comparative information to assess trends in the Company’s results of operations and financial condition. Presentation of these non-GAAP financial measures is consistent with how the Company evaluates its performance internally and these non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the Company’s industry. Investors should recognize that the Company’s presentation of these non-GAAP financial measures might not be comparable to similarly-titled measures of other companies. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures and the Company strongly encourages a review of its consolidated financial statements in their entirety Dollars in thousands December 31, December 31, June 30, 2024 2025 2026 Tangible metrics: Stockholder's equity 2,601,207$ 2,833,212$ 2,906,985$ Less: intangible assets 819,230 782,152 765,019 Tangible stockholder's equity $ 1,781,977 $ 2,051,060 $ 2,141,966 Total assets 24,051,825$ 24,980,710$ 25,663,358$ Less: intangible assets 819,230 782,152 765,019 Tangible assets 23,232,595$ 24,198,558$ 24,898,339$ Tangible common equity to tangible assets 7.7% 8.5% 8.6%Reconciliation of GAAP to Non-GAAP Financial Measures 35 Note: The Company has presented the following non-GAAP (Generally Accepted Accounting Principles) financial measures because it believes that these measures provide useful and comparative information to assess trends in the Company’s results of operations and financial condition. Presentation of these non-GAAP financial measures is consistent with how the Company evaluates its performance internally and these non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the Company’s industry. Investors should recognize that the Company’s presentation of these non-GAAP financial measures might not be comparable to similarly-titled measures of other companies. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures and the Company strongly encourages a review of its consolidated financial statements in their entirety Dollars in thousands June 30, 2026 CRE and ADC concentrations: Construction and land development 723,371$ Multifamily 3,806,823 Non owner occupied 7,242,277 Loans to finance CRE, construction, and land development activities 168,965 PAA remaining 101,964 Adjusted total CRE $ 12,043,400 Tier 1 capital 2,597,334$ PAA remaining: loans 246,702 PAA remaining: securities 69,330 PAA remaining: borrowings 1,581 Adjusted tier 1 capital 2,819,377¹ Tier 2 capital 193,813 Total risk-based capital $ 3,013,190 Adjusted CRE concentration 400% Adjusted ADC concentration 24% (1) Adjusted Tier 1 Capital reflects the sum of Tier 1 Capital and the after-tax amount of remaining purchase accounting accretionReconciliation of GAAP to Non-GAAP Financial Measures 36 Note: The Company has presented the following non-GAAP (Generally Accepted Accounting Principles) financial measures because it believes that these measures provide useful and comparative information to assess trends in the Company’s results of operations and financial condition. Presentation of these non-GAAP financial measures is consistent with how the Company evaluates its performance internally and these non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the Company’s industry. Investors should recognize that the Company’s presentation of these non-GAAP financial measures might not be comparable to similarly-titled measures of other companies. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures and the Company strongly encourages a review of its consolidated financial statements in their entirety Dollars in thousands For the Six Months Ended December 31, December 31, June 30, 2024 2025 2026 Total average assets 20,382,148$ 24,429,121$ 25,162,764$ Total average stockholders' equity 2,279,525 2,718,331 2,885,405 Less: total average intangible assets 698,186 801,628 774,832 Total average tangible stockholders' equity $ 1,581,339 $ 1,916,703 $ 2,110,573 Net Income 115,525$ 291,160$ 157,565$ Plus: amortization of Intangibles, net of tax 20,226 26,712 12,336 Total net income $ 135,751 $ 317,872 $ 169,901 Annualized ROAA 0.57% 1.19% 1.26% Annualized ROATCE 8.6% 16.6% 16.2% Adjustments: Net Income $ 115,525 $ 291,160 $ 157,565 Plus: merger-related transaction costs 56,867 - - Plus: executive severance expense - - 864 Plus: core system conversion expense - - 1,508 Less: income tax expense 14,010 - 663 Annualized adjusted net income $ 158,382 $ 291,160 $ 159,274 Less: amortization of intangibles, net of tax 20,226 26,712 12,336 Adjusted total net income $ 178,607 $ 317,872 $ 171,610 Annualized adjusted ROAA 0.78% 1.19% 1.28% Annualized adjusted ROATCE 11.3% 16.6% 16.4% For the Twelve Months Ended14 Aug
  • 4Statement of changes in beneficial ownership10 Aug
  • 10-QQ2ended 30 Jun 20267 Aug
  • 3Initial statement of beneficial ownership5 Aug
  • 3Initial statement of beneficial ownership5 Aug
  • 8-KNEWS RELEASE Provident Financial Services, Inc. and Provident Bank Appoint Michael E. Regan to the Boards of Directors ISELIN, NEW JERSEY (August 4, 2026) – Provident Financial Services, Inc. (NYSE: PFS) (the "Company") announced today that Michael E. Regan has been appointed to the boards of directors of the Company and its wholly owned subsidiary, Provident Bank, effective July 30, 2026. Mr. Regan is a seasoned financial regulatory executive with more than 35 years of experience overseeing the safety, soundness, governance, and risk management practices of community, regional, and complex financial institutions. During his distinguished career with the Federal Deposit Insurance Corporation (FDIC), he advised boards of directors and executive leadership teams on corporate governance, enterprise risk management, capital adequacy, liquidity oversight, and regulatory compliance. As a Senior Bank Examiner with the FDIC, Mr. Regan led complex safety and soundness examinations for financial institutions ranging in size from $100 million to more than $100 billion in assets. He regularly presented examination findings and strategic recommendations to board audit and risk committees, providing independent assessments of credit risk, operational resilience, cybersecurity preparedness, internal controls, and executive oversight. Throughout his career, he also supervised multidisciplinary examination teams, reviewed merger and acquisition applications, and advised on governance practices, succession planning, and executive compensation risk alignment. "We are pleased to welcome Mike to the boards of Provident Financial Services and Provident Bank," said Christopher Martin, Executive Chairman. "Mike brings exceptional regulatory expertise and a distinguished career dedicated to helping financial institutions strengthen governance, manage risk, and operate safely and soundly. His experience advising boards of directors and executive leadership teams across institutions of all sizes will provide valuable perspective as we continue to execute our strategic priorities, uphold strong corporate governance, and create long-term value for our shareholders. We look forward to benefiting from his insight and counsel.""I am honored to join the boards of Provident Financial Services and Provident Bank," said Mr. Regan. "Throughout my career, I have appreciated the important role strong governance, prudent risk management, and a customer-focused culture play in building successful financial institutions. Provident has earned an outstanding reputation in each of these areas, and I look forward to working with Chris, my fellow directors, and Tony and the executive leadership team to help support the Company's continued growth and long-term success." Mr. Regan holds a Bachelor of Science in Finance from Rider University. Throughout his career, he has been recognized for providing independent oversight and strategic guidance on enterprise risk management, regulatory relations, governance effectiveness, and sustainable institutional performance. ### About the Company Provident Financial Services, Inc. is the holding company for Provident Bank, a community- oriented bank offering "Commitment you can count on" since 1839. Provident Bank provides a comprehensive array of financial products and services through its network of branches throughout New Jersey, Bucks, Lehigh and Northampton counties in Pennsylvania, as well as Orange, Queens and Nassau Counties in New York. The Bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and insurance services through its wholly owned subsidiary, Provident Protection Plus, Inc. Media Contact: Keith Buscio Director of Public Relations & Communications [email protected]4 Aug
  • 144Dunigan James P4 Aug
  • 8-KRegulation FD Disclosure30 Jul
  • 8-KQ2 2026 RESULTS PRESENTATIONCertain statements contained herein are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements may be identified by reference to a future period or periods, or by the use of forward- looking terminology, such as “may,” “will,” “believe,” “expect,” “estimate,” "project," "intend," “anticipate,” “continue,” or similar terms or variations on those terms, or the negative of those terms. Forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, those set forth in Item 1A of the Company's Annual Report on Form 10-K, as supplemented by its Quarterly Reports on Form 10-Q, and those related to the economic environment, particularly in the market areas in which the Company operates, inflation and unemployment, competitive products and pricing, real estate values, fiscal and monetary policies of the U.S. Government, tariffs, changes in accounting policies and practices that may be adopted by the regulatory agencies and the accounting standards setters, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, potential goodwill impairment, acquisitions and the integration of acquired businesses, credit risk management, asset-liability management, the financial and securities markets and the availability of and costs associated with sources of liquidity. The Company cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date they are made. The Company advises readers that the factors listed above could affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not assume any duty, and does not undertake, to update any forward-looking statements to reflect events or circumstances after the date of this statement. Forward Looking Statements 2Provident Bank; Building a Premier Banking Franchise Total Assets $25.7B Total Loans $20.0B Total Deposits $19.5B PPNR ROAA 1.87% ROATCE 16.22% Wealth AUM $4.5B Q2 Insurance Rev $5.7MM Company Overview Geographic Overview • Founded in 1839, longest tenured bank headquartered in New Jersey • 135 branches serving New Jersey, eastern Pennsylvania, and Orange, Queens, and Nassau Counties, New York • Full-service commercial & consumer bank • Strong capital, high asset quality, consistent results • Diversified revenue stream from wealth management and insurance • Quality earnings driven by earning asset growth, expanding margin, operational efficiency and strong credit quality • Lakeland merger fully integrated and cost saves fully realized • Continued focus on evolving digital channels and technology infrastructure TCE 8.60% (1) See Appendix for a reconciliation of GAAP and non-GAAP financial measures. 3Q2 2026 Core Financial Highlights $0.61 Core Diluted EPS 1.27% Core ROAA 1.87% Core PPNR ROAA 16.22% Core ROATCE (1) See Appendix for a reconciliation of GAAP and non-GAAP financial measures. 4 Key Metrics Highlights Expanding profitability metrics year-over-year, achieving a 1.27% core ROAA and 16.22% core ROATCE. PPNR growth of $18.2 million, or 18.3% compared to the prior year quarter, resulting in a 1.87% core PPNR ROAA which expanded 23 bps compared to the prior year quarter. Growth in net interest income and record non-interest income drove revenues of $235 million, average interest-earning assets increased $272 million, or 4.7% annualized from $23.1 billion in the previous quarter. Strong loan growth activity continued, with total commercial loans increasing 9.9% QoQ annualized and our total loan pipeline remaining strong at a record $3.17 billion with a weighted average rate of 6.33%. Total non-maturity business deposits increased $123.0 million QoQ, while total municipal deposits decreased $228 million QoQ mainly due to seasonal outflows. Capital ratios remain strong; TBV grew 2% to $16.42 QoQ & 12% YoY. Stock buybacks of 614,722 shares at an average cost of $21.09 per share. 2.2M shares remainingExpanding Core Net Interest Margin • Net interest income growth of 8% year-over-year benefited from higher net interest margin and earning assets. • Favorable repricing of maturing loans contributed to core net interest margin expansion in Q2. • We continue to manage deposit costs as we grow. 5 $187 $194 $197 $194 $203 3.36% 3.43% 3.44% 3.40% 3.48% 2.93% 2.94% 3.01% 3.04% 3.09% 1.00% 1.20% 1.40% 1.60% 1.80% 2.00% 2.20% 2.40% 2.60% 2.80% 3.00% 3.20% 3.40% 3.60% $177 $182 $187 $192 $197 $202 2Q25 3Q25 4Q25 1Q26 2Q26 Net Interest Income ($mm) and Core Margin Net interest income NIM NIM (core) 32% 26% 19% 23% 29% 25% 38% 32% 24% 30% 37% 31% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 8/31/2024 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Down-cycle deposit betas Deposits Interest Bearing Fed Funds Rate %Sustained, Diverse Loan Growth 6 • The commercial lending team originated $696.9 million of new production in the second quarter of 2026, resulting in 9.9% net commercial annualized loan growth for the quarter. Pay-offs for the second quarter were $342.9 million, which compared to $221.2 million for the same period last year and $191.1 million in the prior quarter. • C&I line utilization was 47.28% as of June 30, 2026, compared to 44.78% in the prior quarter. • Total commercial pipeline of $3.17 billion as of June 30, 2026, compared to $3.11 billion in the prior quarter. The weighted average interest rate expanded to 6.33% for the quarter. 2,586 2,870 2,745 3,115 3,173 666 884 1,071 664 868 1,709 1,844 2,006 1,754 1,991 - 500 1,000 1,500 2,000 2,500 3,000 3,500 2Q25 3Q25 4Q25 1Q26 2Q26 Pipeline vs Originations ($ in millions) Pipeline Originations LOC ($ in millions) 2Q26 1Q26 QoQ $ Growth Annualized % Growth C&I loans 5,251$ 4,967$ 284$ 22.93% CRE loans 7,502 7,424 78 4.21% Construction loans 639 641 (2) -1.25% Multi-Family loans 3,807 3,724 83 8.94% Mortgage Warehouse lines 314 334 (20) -24.02% Total Commercial Loans 17,513$ 17,090$ 423$ 9.93% Residential Mortgage 1,939 1,961 (22) -4.50% Consumer Loans 607 608 (1) -0.66% Total Gross Loans 20,059$ 19,659$ 400$ 8.16% EOP HFI Loans– YoYGranular and Relationship Focused Funding Model • The average cost of deposits, including non-interest-bearing deposits, decreased 2 basis points to 1.92% for the quarter ended June 30, 2026 compared to March 31, 2026. • Wholesale deposits increased $618 million, while municipal deposits decreased $228 million. • Total non-interest-bearing core business deposits increased $96 million or 15.0% annualized for the quarter ended June 30, 2026. 7*Includes Brokered Deposits and Swap Collateral 20% 20% 19% 19% 19% 43% 42% 41% 42% 42% 20% 20% 21% 21% 20% 15% 14% 14% 14% 14% 3% 4% 6% 4% 5% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 1Q25 2Q25 3Q25 4Q25 2Q26 Average Total Client Deposit Mix Non-interest bearing Interest bearing core Municipal CDs Wholesale deposits ($ in millions) 2Q26 1Q26 QoQ $ Growth Annualized % Growth Non-interest bearing 3,777$ 3,695$ 82$ 8.89% Interest bearing core 8,146 8,188 (42) -2.04% Municipal 3,566 3,794 (228) -24.11% CDs 2,688 2,673 15 2.24% Wholesale deposits* 1,368 751 618 330.11% Total deposits 19,545$ 19,100$ 445 9.34% EOP Deposits by Product– YoYEmphasis on Growing Fee Income 8 • Beacon Trust remains highly focused on growth and retention. • Insurance agency income grew $1.7 million year over year, due to increased contingency commission income, strong retention and new business activity. • SBA loan sales increased compared to the prior quarter and year-over-year, the bank continues to have a strong pipeline for additional loan sales for the remainder of 2026. *Excludes net gains on securities 36% 23% 19% 12% 7% 3% Fees Wealth management Insurance Bank-owned life insurance FY26 $63,736 38% 26% 20% 9% 5% 2% FY25 $54,018 ($ in thousands) Jun-26 Mar-26 QoQ $ Growth Jun-25 Jun-26 Jun-25 YoY $ Growth Fees 12,259$ 10,464$ 1,795$ 10,736$ 22,722$ 20,391$ 2,331$ Wealth management 7,517 7,402 115 6,948 14,920 14,275 645 Insurance 5,446 6,850 (1,404) 4,942 12,296 10,593 1,703 Bank-owned life insurance 3,798 4,034 (236) 2,585 7,833 4,678 3,155 Other income 2,317 1,958 359 647 4,275 2,771 1,504 Gain on sale of SBA loans 945 745 200 1,217 1,690 1,310 380 Total non-int. income* 32,282$ 31,453$ 829$ 27,075$ 63,736$ 54,018$ 9,718$ QTD YTDFocus on Sustained Positive Operating Leverage 9 • Compensation and benefits expense increased $1.1 million to $67.3 million for the three months ended June 30, 2026, compared to $66.2 million for the trailing quarter, primarily attributable to: • an increase in severance expense • Partially offset by a decrease in stock award expense as a result of additional stock forfeitures • Remain focused on driving positive operating leverage, and optimizing our non-interest expense alongside investments for future growth ($ in thousands) 2Q25 3Q25 4Q25 1Q26 2Q26 Compensation and employee benefits 63,249$ 63,202$ 64,316$ 66,196$ 67,289$ Net occupancy expense 13,011 12,773 13,078 14,985 12,464 Data processing expense 9,599 9,102 9,110 9,646 9,388 Amortization of intangibles 9,497 9,497 8,578 8,563 8,559 Core systems conversion expense - - - - 1,508 Other non-interest expense 19,258 18,518 19,608 17,751 20,050 Total non-interest expense 114,614$ 113,092$ 114,690$ 117,141$ 119,258$ Non-interest expense 54% 51% 51% 52% 50% 50% 48% 48% 49% 47% 42% 44% 46% 48% 50% 52% 54% 2Q25 3Q25 4Q25 1Q26 2Q26 Efficiency Ratio Efficiency Ratio Efficiency Ratio-excl amort expenseMaintaining Strong Balance Sheet • Stable insured deposit base, brokered deposits only 6.5% of total deposits as of June 30, 2026 • Total insured and collateralized deposits as of 06/30/26, totaled $13.7B or 70.1% of our total deposit portfolio • Strong regulatory capital ratios at bank and holding company, comfortably above well-capitalized ratios • Additional 2Q26 ratios: • 399.7% Adjusted CRE Concentration Ratio • 24% Construction Concentration Ratio • Payout ratio of 40.0% QTD, inclusive of dividends and buybacks 10* TCE Ratio is calculated at holding company level 6.5 % well- capitalized 5 % well- capitalized $8.3 B available liquid funds and borrowing capacity FHLB, $4.4 BFRB Discount Window, $3.0 B Unencumbered Securities, $0.9 B Cash, $0.1 B Liquidity Diversification FHLB FRB Discount Window Unencumbered Securities Cash 12.1% 10.5% 13.0% 8.60% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% CET 1 Leverage Total Risk Based TCE Ratio * Well Above Capital Minimums 5% well- capitalized 6.5% well- capitalized 10% well- capitalizedManaging CRE Concentration Lower 11 ($ in thousands) *Excludes purchase accounting amounts 443.7% 433.4% 432.2% 428.6% 427.8% 408.0% 403.0% 399.5% 398.5% 399.7% $- $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000 2Q25 3Q25 4Q25 1Q26 2Q26 Managing CRE Concentration Land CRE Multifamily Construction & Land Development Construction 1-4 CRE Concentration RatioConsistently Strong Credit Metrics 0.98% 0.97% 0.95% 0.90% 0.92%Total allowance to total loans 0.56% 0.52% 0.40% 0.73% 0.68% Total non-performing loans to total loans 0.44% 0.41% 0.32% 0.58% 0.54% Total non-performing assets as a percentage of total assets 2Q25 1Q26 2Q263Q25 4Q25 0.03% 0.11% 0.09% 0.06% 0.04%Net charge-off ratio • Non-performing loans decreased $6.0 million to $136.9 million compared to the prior quarter, while total accruing past-due loans decreased $17.6 million to $21.5 million. • Total net charge-offs of $1.9 million for the quarter represented an annualized 0.04% of loans. 12Favorable Core Performance Trends (1) See Appendix for a reconciliation of GAAP and non-GAAP financial measures. 13 1.64% 1.76% 1.78% 1.75% 1.87% 1.50% 1.55% 1.60% 1.65% 1.70% 1.75% 1.80% 1.85% 1.90% 2Q25 3Q25 4Q25 1Q26 2Q26 Core PPNR ROAA (1) (Annualized Core net income PPNR /average assets) 1.19% 1.16% 1.34% 1.29% 1.27% 1.05% 1.10% 1.15% 1.20% 1.25% 1.30% 1.35% 1.40% 2Q25 3Q25 4Q25 1Q26 2Q26 Core ROAA (1) (Annualized Core net income /average assets) 16.79% 16.01% 17.58% 16.58% 16.22% 15.00% 15.50% 16.00% 16.50% 17.00% 17.50% 18.00% 2Q25 3Q25 4Q25 1Q26 2Q26 Core ROATCE (1) (Annualized Core net income /average tangible stockholders' equity)2026 Guidance Loans • 2026: 5-6% annualized loan growth Deposits • 2026: 5-6% annualized deposit growth Borrowings • 2026: Balances expected to fluctuate based on loan, deposit and securities cash flows Net Interest Margin • 2026: 3.45-3.50% reported and 1-2 bps of core margin expansion per quarter in second half of 2026 Asset Quality • Current strong asset quality metrics, provision driven by growth and economic forecast with expected charge-off ratio of 10 to 15 bps for 2026 Non-interest Income • 2026: $29 million per quarter in second half of 2026 Non-interest Expense • 2026: operating expense quarterly run rate between $117 and $119 Million*, operating expense ratio target ~1.87% and efficiency ratio ~51.0% 14 * This excludes non-recurring systems conversion costs.APPENDIX 15Net Interest Margin Analysis 3.73% 3.80% 3.89% 3.87% 3.80% 3.99% 5.95% 6.01% 6.09% 5.98% 5.85% 5.90% 5.63% 5.68% 5.76% 5.66% 5.53% 5.61% 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Asset Yields Securities Net Loans Total interest-earning assets 2.64% 2.62% 2.67% 2.60% 2.39% 2.37% 3.76% 3.94% 3.96% 3.94% 3.90% 3.91% 2.90% 2.94% 2.96% 2.83% 2.71% 2.71% 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Interest-Bearing Liabilities Total Deposits Total Borrowings Total Interest-Bearing Liabilities 3.34% 3.36% 3.43% 3.44% 3.40% 3.48% 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Net Interest Margin 3.09% 3.40% 3.49% 3.48% 2.80% 2.90% 3.00% 3.10% 3.20% 3.30% 3.40% 3.50% 3.60% Core Margin +Loans +Securities -Liabilities 16Focus on Growing Wealth Management Business Advisory 78% Trust & Estate 9% Tax 10% Private Banking 3% $4.5 Billion AUM For 1,045 family relationships * Represents interest on lines of credit to Beacon clients, whose investment accounts are pledged as collateral. 17 145 Provident Bank households are also Beacon clients AVERAGE CLIENT SIZE $4,000,000 AVERAGE FEE 70 bps EBITDA & NET INCOME (in thousands) EBITDA (FQ2026) $ 4,641 Net Income (FQ2026) $ 1,194 2026 Q1 Total Revenue Advisory 11,985,000$ Trust & Estate 1,388,000$ Tax 1,554,000$ Interest Income * 453,000$ Total 15,380,000$Provident Protection Plus, Inc. • Provident Protection Plus, Inc. provides insurance agency services including business, personal and employee benefits insurance products. • The insurance agency’s primary source of revenue is commission income earned from the sale of business and personal property and casualty insurance coverage for its customers with various insurance companies. • The insurance agency places property and casualty, life and health, and other coverage with about 40 different insurance carriers licensed in 43 states. • Insurance agency total revenue grew 17% year over year. $1,030 $782 $2,878 $1,950 $952 $614 $3,302 $2,080 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Insurance Services Net Income Before Tax ($ in thousands) 18CRE Type Composition 19 Portfolio Characteristics 10 Largest CRE Loans 4.05% of CRE Investment Portfolio 10 Largest CRE Loans 2.27% of Total Loan Portfolio Average Loan Size Outstanding $2.48 Million Total CRE Investment Portfolio = $11.4 Billion* *Excludes Purchase Accounting Adjustments and Construction Loans As of 6/30/2026 MULTI- FAMILY 33.66% RETAIL 23.62% INDUSTRIAL 19.18% MIXED USE 7.98% OFFICE 6.59% SPECIAL USE 4.50% RESIDENTIAL 2.54% HOTEL 1.14% LAND 0.78%CRE Office Composition • Medical Office: approx. 35% of total office portfolio. Maturity or Reprice by Year 2026 $218.8 2027 $136.9 2028 $131.6 2029 $70.1 2030 $75.7 2031 AND BEYOND $119.2 Total $752.4M No significant central business district exposure Total CRE Office Portfolio = $752.4 million* *Excludes Purchase Accounting and Construction Loans 20 NEW JERSEY 70% MANHATTAN 2% OTHER NY 3% OTHER NY BOROUGHS 9% PA 10% OUT OF MARKET 6%CRE Investment Portfolio by Property Type* As of 6/30/26 ($ in thousands) *Excludes Purchase Accounting and Construction Loans 21 PROPERTY TYPE COUNT $ OUTSTANDING % OUTSTANDING WARR MULTI 1,068 3,842,980 33.66% 3.50 RET 885 2,697,026 23.62% 3.48 INDUS 580 2,190,000 19.18% 3.53 MIXED 694 911,405 7.98% 3.58 OFF 401 752,373 6.59% 3.68 SUP 203 513,330 4.50% 3.62 RESID 724 289,564 2.54% 3.74 HTL 26 130,355 1.14% 3.79 LAND 21 89,145 0.78% 4.34 TOTAL PORTFOLIO 4,602 11,416,178 100.00% 3.54Multi-family Composition (NY and Rent Stabilized sectors) Total NY Multi-family Loans = $654.8 Million *Excludes Purchase Accounting Loans 22 Total multi-family loan portfolio: $3.84 Billion • Of the total, 106 Loans on multi-family properties in the five boroughs of NYC, aggregate outstanding $386.3 million, with an average loan size of $3.6 million. Rent stabilized loan portfolio: <0.98% of total loan portfolio • All performing • Largest loan: $40.7 million with 62% LTV and 1.49x DSCR Multi-family balances by origination Year: • NY 2026 loans: $80.4 MM • NY 2025 loans: $140.0 MM • NY 2024 loans: $37.2 MM • NY 2023 loans: $112.4 MM • NY 2022 loans: $93.6 MM • NY 2021 and prior loans: $191.2 MM • All Multi-family 2026 loans: $255.1 MM • All Multi-family 2025 loans: $528.2 MM • All Multi-family 2024 loans: $260.5 MM • All Multi-family 2023 loans: $477.5 MM • All Multi-family 2022 loans: $569.9 MM • All Multi-family 2021 and prior loans: $1.75B OTHER NY BOROUGHS 51% OTHER NY STATE 40% MANHATTAN 9%Investment Portfolio 23 Total Investment Portfolio = $3.55 Billion • As of June 30, 2026, the portfolio had a modified duration of 4.1 years and weighted average life of 5.0 years • As of June 30, 2026, the allowance for credit losses on held to maturity securities totaled $22,000 Agency Notes 0% U.S. Treasury Notes 5% Corporate Notes 3% Agency MBS 42% Agency CMO 30% Non Agency CMBS 4% Municipal Bonds 11% Student Loan Pools 1% Agency CMBS 4%Commitment You Can Count On. Guiding Principles Act with Integrity Be Accountable Promote Teamwork Pursue Excellence Build for the Future Our Pillars. Employee Experience Customer Experience Guiding Principles Our Mission. Commit ever day to deepen our emotional connections with our employees, customers, and the communities we serve by placing them at the center of all we do. Our Vision. A consistently high performing bank, committed to creating advocates for life. 24Reconciliation of GAAP to Non-GAAP Financial Measures 25 ($ in thousands, except per share data) Note: The Company has presented the following non-GAAP (Generally Accepted Accounting Principles) financial measures because it believes that these measures provide useful and comparative information to assess trends in the Company’s results of operations and financial condition. Presentation of these non-GAAP financial measures is consistent with how the Company evaluates its performance internally and these non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the Company’s industry. Investors should recognize that the Company’s presentation of these non-GAAP financial measures might not be comparable to similarly-titled measures of other companies. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures and the Company strongly encourages a review of its consolidated financial statements in their entirety. Reconciliation of GAAP to Non-GAAP Financial Measures ($ in thousands, except per share data) Annualized Core Return on Average Assets, Equity and Tangible Equity 2Q26 1Q26 2Q25 Net Income 78,147$ 79,417$ 71,981$ Executive severance expense 864 -$ -$ Core system conversion expense 1,508 - - Less: income tax expense (663) - - Core net income 79,856$ 79,417$ 71,981$ Add: Amortization of intangibles (net of tax) 6,167 6,170 6,639 Core net income, net of intangibles 86,023$ 85,587$ 78,620$ Average assets $ 25,297,616 $ 25,026,414 $ 24,349,808 Average stockholders' equity $ 2,897,547 $ 2,873,113 $ 2,684,342 Average tangible stockholders' equity $ 2,126,974 $ 2,093,975 $ 1,877,923 Core Adjusted ROAA 1.27% 1.29% 1.19% Core Adjusted ROAE 11.05% 11.21% 10.76% Core Adjusted ROATCE 16.22% 16.58% 16.79% Three Months EndedReconciliation of GAAP to Non-GAAP Financial Measures 26 ($ in thousands, except per share data) Note: The Company has presented the following non-GAAP (Generally Accepted Accounting Principles) financial measures because it believes that these measures provide useful and comparative information to assess trends in the Company’s results of operations and financial condition. Presentation of these non-GAAP financial measures is consistent with how the Company evaluates its performance internally and these non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the Company’s industry. Investors should recognize that the Company’s presentation of these non-GAAP financial measures might not be comparable to similarly-titled measures of other companies. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures and the Company strongly encourages a review of its consolidated financial statements in their entirety. Reconciliation of GAAP to Non-GAAP Financial Measures Core Pre-provision-net-revenue: 2Q25 3Q25 4Q25 1Q26 2Q26 Net Income 71,981$ 71,720$ 83,431$ 79,417$ 78,147$ Add: provision for credit losses (2,888) 7,044 (1,213) (2,116) 9,334 Add: income tax expense 30,462 29,895 28,814 30,754 27,914 Add: Executive severance expense - - - - 864 Add: Core system conversion expense - - - - 1,508 Core PPNR 99,555$ 108,659$ 111,032$ 108,055$ 117,767$ Annualized Core PPNR 399,314$ 431,093$ 440,507$ 438,223$ 472,362$ Average assets 24,349,808$ 24,524,825$ 24,775,214$ 25,026,414$ 25,297,616$ Core PPNR ROAA 1.64% 1.76% 1.78% 1.75% 1.87% Core PPNR ROAE 14.88% 15.74% 15.68% 15.25% 16.30% Core PPNR ROATCE 21.26% 22.20% 21.78% 20.93% 22.21% Core Return on avg tangible equity Net income 71,981$ 71,720$ 83,431$ 79,417$ 78,147$ Add: amort of intangibles, net of tax 6,639 6,639 6,180 6,170 6,167 Add: Executive severance expense - - - - 864 Add: Core system conversion expense - - - - 1,508 Less: income tax expense - - - - (663) Total adjusted net income 78,620$ 78,359$ 89,611$ 85,587$ 86,023$ Average stockholders' equity 2,684,342$ 2,738,145$ 2,810,166$ 2,873,113$ 2,897,547$ Less: avg intangible assets 806,419 796,789 787,715 779,138 770,573 Average tangible stockholders' equity 1,877,923$ 1,941,356$ 2,022,451$ 2,093,975$ 2,126,974$ ROATCE 16.79% 16.01% 17.58% 16.58% 16.22% Tangible book value per share: Stockholder's equity 2,707,555$ 2,766,766$ 2,833,212$ 2,862,869$ 2,906,985$ Less: intangible assets 800,232 790,729 782,152 773,585 765,019 Tangible stockholder's equity 1,907,323$ 1,976,037$ 2,051,060$ 2,089,284$ 2,141,966$ Shares outstanding 130,624,243 130,621,757 130,619,949 130,311,569 130,423,051 Tangible BV per share 14.60$ 15.13$ 15.70$ 16.03$ 16.42$Reconciliation of GAAP to Non-GAAP Financial Measures 27 Note: The Company has presented the following non-GAAP (Generally Accepted Accounting Principles) financial measures because it believes that these measures provide useful and comparative information to assess trends in the Company’s results of operations and financial condition. Presentation of these non-GAAP financial measures is consistent with how the Company evaluates its performance internally and these non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the Company’s industry. Investors should recognize that the Company’s presentation of these non-GAAP financial measures might not be comparable to similarly-titled measures of other companies. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures and the Company strongly encourages a review of its consolidated financial statements in their entirety. ($ in thousands, except per share data) Annualized Core Non-Interest Expense to Average Assets Three Months Ended 2Q26 Reported non-interest expense 119,258$ Adjustments to non-interest expense: Executive severance expense 864 Core system conversion expense 1,508 Core non-interest expense 116,886$ Annualized core non-interest expense 468,828$ Average Assets 25,297,616 Annualized core non-interest expense/average assets 1.85% Three Months Ended Efficiency Ratio Calculation 2Q26 Net Interest income 202,680$ Non-interest income 31,973 Adjustment to non-interest income: Loss on bond sale 309 Core non-interest income 32,282 Total income 234,962$ Core non-interest expense 116,886$ Core Efficiency ratio 49.75% Amortization of intangibles impact (net of tax) (6,167)$ Core non-interest expense - adjusted 110,719$ Core Efficiency ratio excluding amortization of intangibles impact 47.12%Reconciliation of GAAP to Non-GAAP Financial Measures 28 Note: The Company has presented the following non-GAAP (Generally Accepted Accounting Principles) financial measures because it believes that these measures provide useful and comparative information to assess trends in the Company’s results of operations and financial condition. Presentation of these non-GAAP financial measures is consistent with how the Company evaluates its performance internally and these non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the Company’s industry. Investors should recognize that the Company’s presentation of these non-GAAP financial measures might not be comparable to similarly-titled measures of other companies. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures and the Company strongly encourages a review of its consolidated financial statements in their entirety. ($ in thousands, except per share data) Annualized Adjusted Non-Interest Expense to Average Assets Three Months Ended Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Reported non-interest expense 119,258$ Adjustments to non-interest expense: Executive severance expense 864 - - - - Core system conversion expense 1,508 - - - - Core non-interest expense 116,886$ 117,141$ 114,690$ 113,092$ 114,614$ Annualized core non-interest expense 468,828$ 475,072$ 455,020$ 448,680$ 459,715$ Average Assets 25,297,616 25,026,414 24,775,214 24,518,290 24,349,808 Annualized core non-interest expense/average assets 1.85% 1.90% 1.84% 1.83% 1.89% Three Months Ended Efficiency Ratio Calculation Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Net Interest income 202,680$ 193,743$ 197,411$ 194,332$ 187,094$ Non-interest income 31,973 31,453 28,311 27,419 27,075 Adjustment to non-interest income Net gain on securities transactions 309 - (690) - Core non-interest income 32,282 31,453 27,621 27,419 27,075 Total core income 234,962$ 225,196$ 225,032$ 221,751$ 214,169$ Adjusted non-interest expense 116,886$ 117,141$ 114,690$ 113,092$ 114,614$ Core Efficiency ratio 49.75% 52.02% 50.97% 51.00% 53.52% Amortization of intangibles impact (net of tax) (6,167)$ (6,170)$ (6,180)$ (6,639)$ (6,639)$ Net non-interest expense-core 110,719$ 110,971$ 108,510$ 106,453$ 107,975$ Core Efficiency ratio excluding amortization of intangibles 47.12% 49.28% 48.22% 48.01% 50.42%Q2 2026 RESULTS PRESENTATION30 Jul

News

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  • Provident Financial Services, Inc. Schedules Third Quarter Earnings Conference Call2 Oct
  • Provident Bank Survey: 7 in 10 Americans Are Rethinking Higher Education, and Nearly 1 in 3 Are Eyeing the Alternatives29 Sep
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Mentions in Filings

  • … funds, and other parties. From 2009 to 2014, Mr. DiPasquale served on the board of directors of Team Capital Bank (TCB) and chaired the bank’s risk committee. He was involved in the June 2014 merger of TCB into <strong>Provident Financial Services</strong> (Provident Bank), a publicly traded company. Mr. DiPasquale also served as a director on the board of Cornerstone Family Programs & Morristown Neighborhood House. He previously served on the board of directors …
    ODNB Financial CorpProvident Financial Services Inc·424B3 - Prospectus filing (Rule 424(b)(3))·Q4 26·13 Oct
  • … funds, and other parties. From 2009 to 2014, Mr. DiPasquale served on the board of directors of Team Capital Bank (TCB) and chaired the bank’s risk committee. He was involved in the June 2014 merger of TCB into <strong>Provident Financial Services</strong> (Provident Bank), a publicly traded company. Mr. DiPasquale also served as a director on the board of Cornerstone Family Programs & Morristown Neighborhood House. He previously served on the board of directors …
    ODNB Financial CorpProvident Financial Services Inc·S-4/A - Registration statement (business combination, amendment)·Q4 26·6 Oct
  • **Mr. Labozzetta** is President and Chief Executive Officer of <strong>Provident Financial Services, Inc.</strong> (NYSE: PFS) and its subsidiary and FHLBNY member Provident Bank, New Jersey’s oldest state-chartered bank. He has served as President since August 2020 and as Chief Executive Officer since January 2022. As President and CEO, he leads the company’s strategic direction, culture, financial performance and continued growth. Mr. Labozzetta played a key le …
    Federal Home Loan Bank of New YorkProvident Financial Services Inc·EX-99.1 - 8-K - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers·Q3 26·18 Sep
  • … t New Jersey Banks as of June 30, 2026 121 134 Rank Institution Assets ($B) Rank Institution Assets ($B) 1 Valley National Bancorp $21.6 1 Valley National Bancorp $66.3 0 179 2 Investors Bancorp, Inc. 20.9 2 <strong>Provident Financial Services, Inc.</strong> 25.7 189 3 Provident Financial Services, Inc. 8.9 3 OceanFirst Financial Corp. 23.3 149 4 Kearny Financial Corp. 4.2 4 ConnectOne Bancorp, Inc. 14.4 159 167 5 ConnectOne Bancorp, Inc. 4.0 5 Peapack-Gladstone …
    BCB BANCORP INCProvident Financial Services Inc·FWP - Free writing prospectus·Q3 26·17 Sep
  • … e 30, 2026 Rank Institution Assets ($B) Rank Institution Assets ($B) 1 Valley National Bancorp $21.6 1 Valley National Bancorp $66.3 2 Investors Bancorp, Inc. 20.9 2 Provident Financial Services, Inc. 25.7 3 <strong>Provident Financial Services, Inc.</strong> 8.9 3 OceanFirst Financial Corp. 23.3 4 Kearny Financial Corp. 4.2 4 ConnectOne Bancorp, Inc. 14.4 5 ConnectOne Bancorp, Inc. 4.0 5 Peapack-Gladstone Financial Corporation 8.0 6 Lakeland Bancorp, Inc. 3.9 6 …
    BCB BANCORP INCProvident Financial Services Inc·FWP - Free writing prospectus·Q3 26·16 Sep
  • … funds, and other parties. From 2009 to 2014, Mr. DiPasquale served on the board of directors of Team Capital Bank (TCB) and chaired the bank’s risk committee. He was involved in the June 2014 merger of TCB into <strong>Provident Financial Services</strong> (Provident Bank), a publicly traded company. Mr. DiPasquale also served as a director on the board of Cornerstone Family Programs & Morristown Neighborhood House. He previously served on the board of directors …
    ODNB Financial CorpProvident Financial Services Inc·S-4/A - Registration statement (business combination, amendment)·Q3 26·16 Sep

Key Stats

Trading

Px/Chg 1D$22.58 / +1.03%
Avg Volume985.34K
Beta0.44
Mkt Cap2.94B
FD Mkt Cap3.04B

Float

Shrs Out/Float130.31M / 126.28M
Short Float0.05%
Days to Cover4.68
Stock Repurchased$10.26M

Current Valuation

EV5.61B
EV/EBITDA11.43
EV/Sales4.02
P/B1.03
P/S2.11
FCF Yield2.75%
ROE2.77%
ROA0.32%
Current Ratio0.18

Dividend

Cash$0.24
Yield4.47%
Yield (TTM)4.47%

Estimates

P/E9.60
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMay '23Apr '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings20.716.528.8615.9535.1737.05
Price / Sales4.422.071.641.628.318.49
Price / Book Value0.830.720.670.711.041.03
Price / Free Cash Flow20.106.006.864.3346.9836.35
ENTERPRISE VALUE METRICS
Enterprise Value3,941.32,307.32,488.14,058.65,241.45,611.2
Enterprise Value / Sales8.474.173.583.5614.8416.19
Enterprise Value / EBITDA25.368.7512.5719.8840.9444.65
Enterprise Value / EBIT29.709.6114.1527.1346.7050.93

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue29.7%489.1554.0695.61,140.31,382.6
Gross Income16.2%475.7500.3451.1607.2866.8
EBITDA17.3%249.8263.8198.0204.2473.7
EBIT15.8%227.1240.1175.8149.6408.2
Net Income14.8%167.9175.6128.4115.5291.2
EPS (Diluted)45.4%2.192.351.711.052.23
BALANCE SHEET
Cash & ST Inv5.1%2,770.31,990.11,870.42,974.93,376.2
Total Assets16%13,781.213,783.414,210.824,051.824,980.7
Total Liabilities16.4%12,084.112,185.712,520.221,450.622,147.5
Total Shareholder Equity13.7%1,697.11,597.71,690.62,601.22,833.2
CASH FLOW
Net Operating Cash Flow29.6%156.8200.3173.4426.4442.3
Cap Ex-4.4%-13.8-9.4-7.5-1.3-11.5
Free Cash Flow31.7%143.0190.9165.9425.1430.7

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)23.22
Basic Shares130.31
Market Cap3,025.9
Diluted Shares130.59
Fully Diluted Shares Outstanding130.59
Fully Diluted Market Cap3,032.3
+Consolidated Debt2,890.8
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-222.1
−Short-term Investments-3,240.1
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value5,694.6

Segment data

Revenue

by Products and services

  • Wealth Management Fees30%
  • Banking26%
  • Deposit Account21%
  • Insurance Commissions And Fees19%
  • Debit Card5%

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