Provident Financial Services reports Q3 2026 earnings with record revenue and margin expansion
Provident Financial Services (PFS) posted third‑quarter 2026 results on Oct. 29, delivering $238 million of revenue, a non‑GAAP EPS of $0.65 and a net interest income of $208 million, up 7% year‑over‑year. Core return on tangible common equity rose to 16.57% and the bank’s total assets reached $25.8 billion. Management highlighted loan growth of about 3% annualized, deposit growth of roughly 5% annualized and a CET1 ratio of 10.9%.
Why it matters
The company expects 5‑6% loan and deposit growth for the full year, which could sustain earnings momentum (the company expects,). Analysts note the revenue beat and margin expansion may support the stock’s valuation (the company expects,).
Key facts
- 1Revenue was $238.5 million, up 7.6% year‑over‑year (). finance.yahoo.com
- 2Non‑GAAP EPS was $0.65 per share, beating consensus (). finance.yahoo.com
- 3Net interest income reached $208 million, a 7% year‑over‑year increase (). finance.yahoo.com
- 4Core return on tangible common equity was 16.57% (). investing.com
- 5Total assets were $25.8 billion at quarter‑end (). investing.com
- 6CET1 ratio grew to 10.9% (). finance.yahoo.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.