PROVIDENT FINANCIAL SERVICES INC 1Q 2026: Revenue $347.2M, EPS $0.61— 10-Q Summary
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PROVIDENT FINANCIAL SERVICES INC reported Q1 2026 results with revenue of $347.2M and net income of $79.4M, reflecting a 24.1% YoY increase. Diluted EPS rose to $0.61, up 24.5% from Q1 2025. Revenue growth was driven by higher net interest income and expansion in fee businesses. The loan portfolio increased by $143.6M, while deposit outflows led to higher borrowings. Non-performing assets rose due to four commercial senior housing loans. Overall, the company showed strong financial performance compared to the previous year.
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