Provident Financial Services (Provident) reported FY 2025 net income of USD 291.2 million, or USD 2.23 per basic and diluted share, versus FY 2024 net income of USD 115.5 million, or USD 1.05 per basic and diluted share. FY 2025 net interest income rose to USD 760.6 million (+26.6%), with net interest margin at 3.39% (up 13 basis points). FY 2025 non-interest income totaled USD 109.8 million (+16.7%) and non-interest expense was USD 458.7 million (+0.2%). FY 2025 provision for credit losses was USD 3.6 million, including a USD 4.1 million provision on loans and a USD 0.5 million benefit on off-balance sheet exposures, compared with USD 87.6 million in FY 2024. Provident said results reflected a full year of combined operations following its May 16, 2024 merger with Lakeland Bancorp, which added USD 10.59 billion in assets, USD 7.91 billion in loans and USD 8.62 billion in deposits; the company also cited the absence of merger-related expenses in FY 2025 after FY 2024 merger-related costs of USD 56.9 million and an initial CECL provision on acquired loans of USD 60.1 million recorded in FY 2024. As of December 31, 2025, total assets were USD 24.98 billion and total deposits were USD 19.28 billion; loans held for investment totaled USD 19.50 billion, with commercial loan types representing 86.7% of the portfolio. Credit quality metrics included non-performing loans of USD 78.4 million (0.40% of total loans) and an allowance for credit losses coverage ratio of 0.95% of total loans.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Provident Financial Services Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-012814), on February 27, 2026, and is solely responsible for the information contained therein.