<span item_type="fundamental" item_id="c034ad5e00a9bd965f3d20344c9dfeea" counter_id="ST/US/PFS" env="prod"></span><span item_type="announcement" item_id="513876397623807745" env="prod"></span><p>Revenue: As of FY2025 Q1, the actual value is USD 305.35 M.</p><p>EPS: As of FY2025 Q1, the actual value is USD 0.49, beating the estimate of USD 0.472.</p><p>EBIT: As of FY2025 Q1, the actual value is USD 91.85 M.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Interest and Dividend Income</strong>: Total interest and dividend income for the three months ended March 31, 2025, was $305,346,000, compared to $163,859,000 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1178970/000162828025023612/pfs-20250331.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Income</strong>: Net income for the three months ended March 31, 2025, was $64,028,000, compared to $32,082,000 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1178970/000162828025023612/pfs-20250331.htm"></span></li><li><strong>Non-Interest Income</strong>: Total non-interest income for the three months ended March 31, 2025, was $27,030,000, compared to $20,807,000 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1178970/000162828025023612/pfs-20250331.htm"></span></li><li><strong>Non-Interest Expense</strong>: Total non-interest expense for the three months ended March 31, 2025, was $116,267,000, compared to $71,827,000 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1178970/000162828025023612/pfs-20250331.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Provided by Operating Activities</strong>: For the three months ended March 31, 2025, net cash provided by operating activities was $88,515,000, compared to $41,409,000 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1178970/000162828025023612/pfs-20250331.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Allowance for Credit Losses</strong>: The allowance for credit losses as of March 31, 2025, was $191,770,000, compared to $193,432,000 as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1178970/000162828025023612/pfs-20250331.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company aims to manage interest rate risk through the use of interest rate swaps and other hedging strategies, with a focus on maintaining stability in interest expense.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1178970/000162828025023612/pfs-20250331.htm"></span></li><li><strong>Non-Core Business</strong>: The company completed its merger with Lakeland Bancorp, Inc. on May 16, 2024, with a total consideration of $876.8 million, and continues to integrate the acquired assets and liabilities.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1178970/000162828025023612/pfs-20250331.htm"></span></li></ul>

Provident Financial Services | 10-Q: FY2025 Q1 Revenue: USD 305.35 M